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    "concept": "ifrs-full:Equity",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-346": {
   "value": "<div class=\"t m7 h5 ff13 fs3 fc1 sc0 ls0 ws1a gs23\">1.  <span class=\"_ _39\"> </span>General information<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs24\">Paragon Banking Gr<span class=\"_ _1\"></span>oup PL<span class=\"_ _0\"></span>C (the \u2018Company\u2019) is a company domiciled in <span class=\"_ _1\"></span>the United Kingdom and incorporated in England and <span class=\"_ _0\"></span>Wales </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs25\">under <span class=\"_ _1\"></span>the Companies <span class=\"_ _1\"></span>Act 2006 with compan<span class=\"_ _1\"></span>y number<span class=\"_ _1\"></span> 2336032. <span class=\"_ _1\"></span>The Company<span class=\"_ _1\"></span> controls a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> subsidiary entities and pr<span class=\"_ _1\"></span>esents </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs26\">financial statements on a consolidated basis f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> and all its subsidiaries (together<span class=\"_ _1\"></span> the \u2018Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019). <span class=\"_ _1\"></span>The address o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs27\">Company\u2019<span class=\"_ _0\"></span>s register<span class=\"_ _1\"></span>ed office is 51 Homer<span class=\"_ _1\"></span> Road, Solihull, <span class=\"_ _1\"></span>W<span class=\"_ _1\"></span>est Midlands, B91 3Q<span class=\"_ _1\"></span>J. <span class=\"_ _1\"></span>The nature o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s operations and its principal </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs28\">activities are set out<span class=\"_ _1\"></span> in the Strat<span class=\"_ _1\"></span>egic Report in Section <span class=\"_ _1\"></span>A2.<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs29\">These financial statements ar<span class=\"_ _1\"></span>e pr<span class=\"_ _1\"></span>esented in pounds sterling, which is <span class=\"_ _1\"></span>the currenc<span class=\"_ _1\"></span>y o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the economic environment<span class=\"_ _1\"></span> in which <span class=\"_ _1\"></span>the </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2a\">Group operat<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2b\">The remaining no<span class=\"_ _1\"></span>tes to <span class=\"_ _1\"></span>the accounts are or<span class=\"_ _1\"></span>ganised into f<span class=\"_ _1\"></span>our sections:<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2c\">\u2022 <span class=\"_ _6\"> </span>Analysis \u2013 pr<span class=\"_ _1\"></span>oviding <span class=\"_ _1\"></span>further analy<span class=\"_ _1\"></span>sis and information on the amounts sho<span class=\"_ _1\"></span>wn in the primary<span class=\"_ _1\"></span> financial statements<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2d\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Employment Costs \u2013 pr<span class=\"_ _1\"></span>oviding inf<span class=\"_ _1\"></span>ormation on employ<span class=\"_ _1\"></span>ee and ke<span class=\"_ _1\"></span>y management<span class=\"_ _1\"></span> remuneration arr<span class=\"_ _1\"></span>angements including share </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2e\">schemes and pension arrangements<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2f\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Capital and Financial Risk \u2013 pr<span class=\"_ _1\"></span>oviding information on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s management of<span class=\"_ _1\"></span> operational and r<span class=\"_ _1\"></span>egulatory capital and its </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws1b gs30\">principal financial risks<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs31\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Basis of<span class=\"_ _1\"></span> preparation \u2013 pr<span class=\"_ _1\"></span>oviding de<span class=\"_ _1\"></span>tails of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s accounting policies and of ho<span class=\"_ _1\"></span>w <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> have been applied in <span class=\"_ _1\"></span>the prepar<span class=\"_ _1\"></span>ation of </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws1b gs32\">the financial statements</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "Paragon Banking Group PLC",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-342": {
   "value": "Paragon Banking Group PLC",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-344": {
   "value": "Paragon Banking Group PLC",
   "dimensions": {
    "concept": "ifrs-full:NameOfUltimateParentOfGroup",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-343": {
   "value": "PLC",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "England and Wales",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "51 Homer Road, Solihull, West Midlands, B91 3QJ",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-347": {
   "value": "<div class=\"t m7 h5 ff13 fs3 fc1 sc0 ls0 wscd gs34\">2.  <span class=\"_ _c7\"> </span>Segmental <span class=\"_ _8\"> </span>information<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs35\">The Group analy<span class=\"_ _1\"></span>ses its operations, both <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> internal management r<span class=\"_ _1\"></span>eporting and external financial r<span class=\"_ _1\"></span>eporting, on <span class=\"_ _1\"></span>the basis of <span class=\"_ _1\"></span>the </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs36\">markets <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>which its assets are g<span class=\"_ _1\"></span>enerated. <span class=\"_ _1\"></span>The segments used at 30 September<span class=\"_ _0\"></span> 2025 are described below:<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs37\">\u2022 <span class=\"_ _6\"> </span>Mortgage L<span class=\"_ _1\"></span>ending, including <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s buy-to-let, and o<span class=\"_ _1\"></span>wner<span class=\"_ _1\"></span>-occupied first and second charg<span class=\"_ _1\"></span>e lending and related activities<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs38\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Commercial L<span class=\"_ _1\"></span>ending, including <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s equipment leasing activities, dev<span class=\"_ _1\"></span>elopment finance, structur<span class=\"_ _1\"></span>ed lending and other </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs39\">offerings <span class=\"_ _1\"></span>targeted <span class=\"_ _1\"></span>tow<span class=\"_ _1\"></span>ards SME customers, <span class=\"_ _1\"></span>together<span class=\"_ _1\"></span> with its mot<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>finance business<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3a\">These segments are <span class=\"_ _1\"></span>the same as those used at 30 Sep<span class=\"_ _1\"></span>tember 202<span class=\"_ _1\"></span>4.<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3b\">Dedicated financing and administration costs o<span class=\"_ _1\"></span>f each of<span class=\"_ _1\"></span> these businesses, including <span class=\"_ _1\"></span>the inter<span class=\"_ _1\"></span>est impacts of<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedging, are </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3c\">allocated to <span class=\"_ _1\"></span>the segment. Shared centr<span class=\"_ _1\"></span>al costs are not allocat<span class=\"_ _1\"></span>ed between segments, nor<span class=\"_ _1\"></span> is income fr<span class=\"_ _1\"></span>om central cash and inv<span class=\"_ _1\"></span>estment </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3d\">balances. Pro<span class=\"_ _1\"></span>visions made in respect o<span class=\"_ _1\"></span>f potential hist<span class=\"_ _1\"></span>orical liabilities related <span class=\"_ _1\"></span>to motor<span class=\"_ _1\"></span> finance commissions hav<span class=\"_ _1\"></span>e also not been </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3e\">allocated to a segment. </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3f\">Loans <span class=\"_ _1\"></span>to customers and operating lease assets (<span class=\"_ _0\"></span>other than <span class=\"_ _1\"></span>those related <span class=\"_ _1\"></span>to the int<span class=\"_ _1\"></span>ernal green car<span class=\"_ _1\"></span> scheme (note 50<span class=\"_ _1\"></span>)) are allocated <span class=\"_ _1\"></span>to </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs40\">segments as are dedicated securitisation <span class=\"_ _1\"></span>funding arrangements and <span class=\"_ _1\"></span>their r<span class=\"_ _1\"></span>elated cash balances.<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs41\">Retail deposits and <span class=\"_ _1\"></span>their r<span class=\"_ _1\"></span>elated costs ar<span class=\"_ _1\"></span>e allocated to <span class=\"_ _1\"></span>the segments based on the utilisation of<span class=\"_ _1\"></span> those deposits. R<span class=\"_ _1\"></span>etail deposits raised </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs42\">in advance of<span class=\"_ _1\"></span> lending and the costs r<span class=\"_ _1\"></span>elated <span class=\"_ _1\"></span>to those deposits ar<span class=\"_ _1\"></span>e not allocated.<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs43\">Other assets and liabilities ar<span class=\"_ _1\"></span>e not allocated be<span class=\"_ _1\"></span>tween segments.<span class=\"_ _393\"> </span></div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs44\">All the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s operations are conducted in the UK, all r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enues arise fr<span class=\"_ _1\"></span>om external customers and <span class=\"_ _1\"></span>there ar<span class=\"_ _1\"></span>e no inter<span class=\"_ _1\"></span>-segment </div><div class=\"t m7 ha ff6 fs4 fc1 sc0 ls0 ws0 gs45\">re<span class=\"_ _1\"></span>venues. No customer<span class=\"_ _1\"></span> contributes mor<span class=\"_ _1\"></span>e than 10% of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>enue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs47\">Financial information about <span class=\"_ _1\"></span>these business segments, prepar<span class=\"_ _1\"></span>ed on the same basis as used in <span class=\"_ _1\"></span>the consolidated accounts of<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs48\">Group, is sho<span class=\"_ _1\"></span>wn below<span class=\"_ _1\"></span>. </div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs49\">Y<span class=\"_ _0\"></span>ear ended 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div><div class=\"gs4a\"><table class=\"s w97 hd4\" id=\"_649eab8f-8f0b-4bd7-9e11-3b12128e9ea7\"><tr><td></td><td class=\"t m0 x313 h4e y3c94 ff49 fs4 fc1 sc0 ls0 ws0\">Mortgage<span class=\"_ _393\"> </span></td><td class=\"t m0 x314 h4e y3c94 ff49 fs4 fc1 sc0 ls0 ws0\">Commercial </td><td class=\"t m0 x315 h4e y3c94 ff49 fs4 fc1 sc0 ls0 ws0\">Unallocated </td><td class=\"t m0 x316 h4e y3c94 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x317 h4e y3c95 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x318 h4e y3c95 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x319 h4e y3c95 ff49 fs4 fc1 sc0 ls0 ws0\">items<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x31a y3c3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c3c w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31c y3c3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31d y3c3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 w15 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div></td><td class=\"c n x31e y3c96 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">880.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x31f y3c96 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">247.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x320 y3c96 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">121.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x321 y3c96 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w98 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div></td><td class=\"c n x322 y3c5f w99 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(592.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x323 y3c5f w2e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(111.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x324 y3c5f w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(42.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x325 y3c5f w2e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(746.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w9a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td class=\"c n x326 y3c60 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">287.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x327 y3c60 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">135.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c60 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">79.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x329 y3c60 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">502.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w1f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other leasing income<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3c41 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x32c y3c41 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x32d y3c41 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w23 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Relat<span class=\"_ _1\"></span>ed costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c97 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x32e y3c97 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(25.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x32f y3c97 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x330 y3c97 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(25.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w26 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net opera<span class=\"_ _1\"></span>ting lease income<span class=\"_ _393\"> </span></div></td><td class=\"c n x331 y3c61 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x332 y3c61 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c61 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x334 y3c61 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w29 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other income<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x336 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x229 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x337 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other operating inc<span class=\"_ _1\"></span>ome<span class=\"_ _393\"> </span></div></td><td class=\"c n x338 y3c4e w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x339 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x33a y3c4e w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x33b y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w9b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating income<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3c98 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">291.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x237 y3c98 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">144.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x33d y3c98 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">79.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c98 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">515.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w2d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span></div></td><td class=\"c n x33f y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(21.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x340 y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(26.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x341 y3c62 w1a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(132.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x1c1 y3c62 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(179.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w9c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Provisions f<span class=\"_ _1\"></span>or losses<span class=\"_ _393\"> </span></div></td><td class=\"c n x342 y3c65 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(6.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x343 y3c65 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(35.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x345 y3c65 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(41.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w9e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Segment profit<span class=\"_ _393\"> </span></div></td><td class=\"c n x346 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">264.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x347 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">82.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x348 y3c48 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(52.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x349 y3c48 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">293.9<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4b\">Y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span> ended 30 September 202<span class=\"_ _1\"></span>4<span class=\"_ _393\"> </span></div><div class=\"gs4c\"><table class=\"s w9f hd5\" id=\"_0b0f629b-2c1f-464a-9d5e-917dac5d8a86\"><tr><td></td><td class=\"t m0 x313 h4e y3c99 ff49 fs4 fc1 sc0 ls0 ws0\">Mortgage<span class=\"_ _393\"> </span></td><td class=\"t m0 x314 h4e y3c99 ff49 fs4 fc1 sc0 ls0 ws0\">Commercial </td><td class=\"t m0 x315 h4e y3c99 ff49 fs4 fc1 sc0 ls0 ws0\">Unallocated </td><td class=\"t m0 x316 h4e y3c99 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x317 h4e y3c9a ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x318 h4e y3c9a ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x319 h4e y3c9a ff49 fs4 fc1 sc0 ls0 ws0\">items<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x31a y3c9b w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c9b w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31c y3c9b w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31d y3c9b w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w15 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div></td><td class=\"c n x31e y3c3d w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">914.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x34a y3c3d w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">234.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x34b y3c3d w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">165.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x34c y3c3d w18 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w98 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div></td><td class=\"c n x34d y3c5f w1b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(632.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x34e y3c5f w1b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(109.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x34f y3c5f w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(89.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x350 y3c5f w1b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(831.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w9a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Net inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td class=\"c n x326 y3c60 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">282.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x351 y3c60 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">124.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c60 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">76.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x353 y3c60 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">483.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w1f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Other leasing income<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3c41 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">30.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x354 y3c41 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x355 y3c41 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">30.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w23 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Relat<span class=\"_ _1\"></span>ed costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c42 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x32e y3c42 w71 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(24.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x356 y3c42 w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x357 y3c42 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(24.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w26 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Net opera<span class=\"_ _1\"></span>ting lease income<span class=\"_ _393\"> </span></div></td><td class=\"c n x331 y3c61 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x332 y3c61 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c61 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c61 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w29 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Other income<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3c63 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x35a y3c63 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x35b y3c63 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x35c y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Other operating inc<span class=\"_ _1\"></span>ome<span class=\"_ _393\"> </span></div></td><td class=\"c n x338 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x35d y3c4e w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">9.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x35e y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w9b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating income<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3c45 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">286.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x360 y3c45 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">134.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x361 y3c45 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">76.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x1e2 y3c45 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">496.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w2d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span></div></td><td class=\"c n x33f y3c62 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(22.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x362 y3c62 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(26.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x363 y3c62 w1b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(129.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x364 y3c62 w1b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(179.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w9c hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Provisions f<span class=\"_ _1\"></span>or losses<span class=\"_ _393\"> </span></div></td><td class=\"c n x342 y3c65 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(5.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x365 y3c65 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(18.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x366 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x367 y3c65 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(24.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w9e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Segment profit<span class=\"_ _393\"> </span></div></td><td class=\"c n x346 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">257.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x368 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">88.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x369 y3c48 w71 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(53.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x36a y3c48 w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">292.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4d\">The segmental pro<span class=\"_ _1\"></span>fits disclosed above r<span class=\"_ _1\"></span>econcile t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s results as sho<span class=\"_ _1\"></span>wn below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs4e\"><table class=\"s wa2 hd6\" id=\"_8c3ea1c4-86ac-48cf-8e31-c65fd6557d0d\"><tr><td></td><td class=\"c n x36b y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 wa3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Results shown abov<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">293.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">292.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w32 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Provisions f<span class=\"_ _1\"></span>or liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c62 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(25.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x370 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wa4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue items<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c65 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(11.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x371 y3c65 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(38.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wa5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating pr<span class=\"_ _1\"></span>ofit<span class=\"_ _393\"> </span></div></td><td class=\"c n x372 y3c48 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">256.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x373 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">253.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs50\">The assets and liabilities attributable t<span class=\"_ _1\"></span>o each of <span class=\"_ _1\"></span>the segments at 30 September<span class=\"_ _1\"></span> 2025, 30 September<span class=\"_ _1\"></span> 2024 and 30 September<span class=\"_ _1\"></span> 2023 on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs51\">the basis described above <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"gs52\"><table class=\"s wa6 hd7\" id=\"_e4a61ab3-2249-442b-b4b3-e84c4ae32679\"><tr><td></td><td></td><td class=\"t m0 x374 h4e y3c9c ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _93\"> </span><span class=\"ff49\">Mortgag<span class=\"_ _1\"></span>e </span></td><td class=\"t m0 x375 h4e y3c9c ff49 fs4 fc1 sc0 ls0 ws0\">Commercial </td><td class=\"t m0 x376 h4e y3c9c ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x377 h4e y3c9d ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x378 h4e y3c9d ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x379 h4e y3c9d ff49 fs4 fc1 sc0 ls0 ws0\">Segments<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c40 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c40 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3c40 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3c9e ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3c9f ff49 fs4 fc1 sc0 ls0 ws0\">Segment assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c43 wa7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customers<span class=\"_ _393\"> </span></div></td><td class=\"c n x37d y3c43 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n x37e y3c43 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,876.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x37f y3c43 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,464.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x380 y3c43 w54 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c63 wa8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x202 y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x381 y3c63 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x382 y3c63 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">50.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x383 y3c63 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">50.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e wa9 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Securitisation cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x384 y3c4e w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n x385 y3c4e w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">119.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x386 y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fa y3c4e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">119.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x387 y3c4f w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,996.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x388 y3c4f w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,515.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x389 y3c4f w54 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,511.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ca0 ff49 fs4 fc1 sc0 ls0 ws0\">Segment liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c50 waa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Allocated deposits<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x38a y3c50 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,328.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x38b y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,808.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x38c y3c50 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,136.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c65 w6c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Securitisation funding<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x224 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x225 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x38d y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x387 y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,328.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x388 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,808.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x389 y3c48 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,136.4<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs53\"><table class=\"s wab hd8\" id=\"_1d068a6e-6f70-4231-80e6-b4479a1b04a6\"><tr><td></td><td></td><td class=\"t m0 x374 h4e y3ca1 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _93\"> </span><span class=\"ff49\">Mortgag<span class=\"_ _1\"></span>e </span></td><td class=\"t m0 x375 h4e y3ca1 ff49 fs4 fc1 sc0 ls0 ws0\">Commercial </td><td class=\"t m0 x376 h4e y3ca1 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x377 h4e y3ca2 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x378 h4e y3ca2 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x379 h4e y3ca2 ff49 fs4 fc1 sc0 ls0 ws0\">Segments<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x37a y3ca3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3ca3 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3ca3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ca4 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3ca5 ff49 fs4 fc1 sc0 ls0 ws0\">Segment assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c43 wa7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customers<span class=\"_ _393\"> </span></div></td><td class=\"c n x37d y3c43 w30 hc9\"><div class=\"t m0 x19e h52 y3ca6 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n x37e y3c43 w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13,415.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x38e y3c43 w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,289.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x38f y3c43 w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c44 wa8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x202 y3c44 w30 hc9\"><div class=\"t m0 x19e h52 y3ca6 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x381 y3c44 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x382 y3c44 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">43.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x390 y3c44 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">43.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e wa9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Securitisation cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x384 y3c4e w30 hc9\"><div class=\"t m0 x19e h52 y3ca6 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n x385 y3c4e w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">107.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x391 y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x392 y3c4e w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">107.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x387 y3c4f w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13,523.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x393 y3c4f w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,333.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x394 y3c4f w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15,857.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ca7 ff49 fs4 fc1 sc0 ls0 ws0\">Segment liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c50 waa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Allocated deposits<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x38a y3c50 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13,829.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x395 y3c50 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,509.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x396 y3c50 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">16,339.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c65 w6c hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Securitisation funding<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x224 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x225 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x38d y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x387 y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13,829.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x393 y3c48 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,509.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x394 y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">16,339.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs54\"><table class=\"s wab hd8\" id=\"_13c87003-6b63-4cac-89cf-6b3839ab3b7b\"><tr><td></td><td></td><td class=\"t m0 x374 h4e y3ca8 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _93\"> </span><span class=\"ff49\">Mortgag<span class=\"_ _1\"></span>e </span></td><td class=\"t m0 x375 h4e y3ca8 ff49 fs4 fc1 sc0 ls0 ws0\">Commercial </td><td class=\"t m0 x376 h4e y3ca8 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x377 h4e y3ca9 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x378 h4e y3ca9 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x379 h4e y3ca9 ff49 fs4 fc1 sc0 ls0 ws0\">Segments<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x37a y3caa w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3caa w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3caa w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cab ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2023<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3cac ff49 fs4 fc1 sc0 ls0 ws0\">Segment assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c43 wa7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customers<span class=\"_ _393\"> </span></div></td><td class=\"c n x37d y3c43 w30 hca\"><div class=\"t m0 x19e h52 y3c81 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n x37e y3c43 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12,902.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x38e y3c43 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,972.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x38f y3c43 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,874.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c44 wa8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x202 y3c44 w30 hca\"><div class=\"t m0 x19e h52 y3c81 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x381 y3c44 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x382 y3c44 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x390 y3c44 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e wa9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Securitisation cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x384 y3c4e w30 hca\"><div class=\"t m0 x19e h52 y3c81 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n x397 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">86.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x398 y3c4e w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x399 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">86.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x387 y3c4f w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12,988.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x393 y3c4f w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,016.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x394 y3c4f w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15,004.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cad ff49 fs4 fc1 sc0 ls0 ws0\">Segment liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c50 waa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Allocated deposits<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x38a y3c50 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13,160.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x395 y3c50 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,199.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x396 y3c50 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15,359.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c47 w6c hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Securitisation funding<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x39a y3c47 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">28.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x39b y3c47 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x39c y3c47 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">28.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x387 y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13,188.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x393 y3c48 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,199.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x394 y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15,387.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs55\">An analysis of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s financial assets by<span class=\"_ _1\"></span> type and segment is sho<span class=\"_ _1\"></span>wn in note 16. <span class=\"_ _1\"></span>All the assets sho<span class=\"_ _1\"></span>wn above <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e located in the UK.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs56\">The additions to non-curr<span class=\"_ _0\"></span>ent assets, excluding financial assets, in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>which are included in segmental asse<span class=\"_ _1\"></span>ts above, ar<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs57\">investments o<span class=\"_ _1\"></span>f \u00a321.<span class=\"_ _1\"></span>0m (2024: \u00a313.<span class=\"_ _0\"></span>1m) in assets held for<span class=\"_ _1\"></span> leasing under oper<span class=\"_ _1\"></span>ating leases (note 27). <span class=\"_ _1\"></span>These ar<span class=\"_ _1\"></span>e included in the Commer<span class=\"_ _1\"></span>cial </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs58\">Lending segment. No other<span class=\"_ _0\"></span> fixed asset additions w<span class=\"_ _1\"></span>ere allocat<span class=\"_ _1\"></span>ed to segments.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5a\">The segmental assets and liabilities may<span class=\"_ _1\"></span> be reconciled <span class=\"_ _1\"></span>to the consolidat<span class=\"_ _1\"></span>ed balance sheet as shown belo<span class=\"_ _1\"></span>w.<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s wac hda\" id=\"_60fff9a7-e51b-493b-a95f-a01a5b8ad08f\"><tr><td></td><td class=\"c n x36b y3c3f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c3f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3cae w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3cae w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wad hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal segment assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x39d y3c41 w54 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,511.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x38c y3c41 w55 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,857.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3caf ff4a fs4 fc1 sc0 ls0 ws0\">Unallocated asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c43 wae hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central cash and inv<span class=\"_ _1\"></span>estments<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c43 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,896.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c43 w18 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,844.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c44 waf hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivative financial instruments<span class=\"_ _393\"> </span></div></td><td class=\"c n x372 y3c44 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x373 y3c44 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e wb0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value hedging adjustments<span class=\"_ _393\"> </span></div></td><td class=\"c n x39e y3c4e w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x39f y3c4e w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(75.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f wb1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operational property<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a0 y3c4f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a1 y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 wb2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Retirement benefit oblig<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></div></td><td class=\"c n x20e y3c45 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a2 y3c45 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c50 w5c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intangible assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a3 y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">172.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a4 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">171.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c47 wb3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c47 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">30.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w5d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x39d y3c48 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,930.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x38c y3c48 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19,270.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs5c\"><table class=\"s wb4 hdb\" id=\"_0518910b-4a22-4d66-b266-80bdc53f95f0\"><tr><td></td><td class=\"c n x36b y3c40 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c40 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c41 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c41 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 wb5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal segment liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x240 y3c42 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,136.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a7 y3c42 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,339.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3cb0 ff4a fs4 fc1 sc0 ls0 ws0\">Unallocated liabilities<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c44 wb6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Unallocated retail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a8 y3c44 w1a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(870.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a9 y3c44 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(41.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e waf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivative financial instruments<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">68.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3aa y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">99.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f wb7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,699.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c4f w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,005.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 wb8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Provisions for liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c50 wb9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ax liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c50 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c65 wb3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n x372 y3c65 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">436.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x373 y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">434.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w6d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ad y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18,509.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ae y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17,850.5</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-348": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 wsce gs5e\">3.  <span class=\"_ _c7\"> </span>Re<span class=\"_ _1\"></span>venue<span class=\"_ _393\"> </span></div><div class=\"gs5f\"><table class=\"s wba hdc\" id=\"_4a8fa24c-ee68-4603-9f41-5855fb89800a\"><tr><td></td><td></td><td class=\"c n x24e y3c5f w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3c5f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c60 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c60 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w15 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div></td><td class=\"c n x3af y3c40 w16 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b0 y3c40 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b1 y3c40 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wbb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease inc<span class=\"_ _1\"></span>ome<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b2 y3c41 w16 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b3 y3c41 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x390 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w29 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other income<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b4 y3c42 w16 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b5 y3c42 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b6 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 wbc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal r<span class=\"_ _1\"></span>evenue<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x25c y3c61 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,287.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c61 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,352.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cb1 ff49 fs4 fc1 sc0 ls0 ws0\">Arising from:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x372 y3c4f w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">884.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x373 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">918.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">281.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">268.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wbf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal r<span class=\"_ _1\"></span>evenue from segmen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3b7 y3c62 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,165.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b8 y3c62 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,186.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wc0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Unallocated r<span class=\"_ _1\"></span>evenue<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">121.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">165.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wbc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal r<span class=\"_ _1\"></span>evenue<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x25c y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,287.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c48 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,352.1</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-349": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 wscf gs61\">4.  <span class=\"_ _c9\"> </span>Int<span class=\"_ _1\"></span>erest <span class=\"_ _8\"> </span>receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs62\">Interest r<span class=\"_ _0\"></span>eceivable is analysed as follo<span class=\"_ _1\"></span>ws.<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s wc1 hdd\" id=\"_626d12e6-1b86-4e90-b024-6b6676a1e959\"><tr><td></td><td></td><td class=\"c n x3b9 y3c3d w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c40 wc2 hd0\"><div class=\"t m0 x19e h4e y3c6a ff49 fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est receivable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c40 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">888.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c40 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">819.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wc3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3ab y3c41 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 wc4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Invoice finance inc<span class=\"_ _1\"></span>ome<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x21b y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bd y3c42 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 wc5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on loans to cust<span class=\"_ _1\"></span>omers<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c43 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">978.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c43 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">899.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wc6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of loan assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3be y3c63 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c63 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">245.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e wc7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on loans to cust<span class=\"_ _1\"></span>omers aft<span class=\"_ _1\"></span>er hedging<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c0 y3c4e w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,122.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c1 y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,144.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f wc8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension scheme surplus<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c2 y3c4f w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">56<span class=\"_ _393\"> </span></div></td><td class=\"c n x354 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c4f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3ab y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wc9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of securities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c5 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c6 y3c50 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wca hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other inter<span class=\"_ _1\"></span>est receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c7 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c65 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">158.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wcb hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal int<span class=\"_ _1\"></span>erest on financial assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c9 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ca y3c48 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs64\">The abov<span class=\"_ _1\"></span>e amounts relate <span class=\"_ _1\"></span>to:<span class=\"_ _393\"> </span></div><div class=\"gs65\"><table class=\"s wcc hde\" id=\"_70799298-f61c-406c-8b3c-7edb04c59614\"><tr><td></td><td class=\"c n x3cb y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 wcd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Financial assets held at amortised cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3cb2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,017.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3cb2 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">992.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 wc3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c98 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wc8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension scheme surplus<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments held at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ce y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">146.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cf y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">248.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3d0 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d1 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs66\">Other inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>eceivable r<span class=\"_ _1\"></span>elates principally <span class=\"_ _1\"></span>to cash deposits at central and r<span class=\"_ _1\"></span>etail banks.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs68\">5. <span class=\"_ _107\"></span> <span class=\"_ _39\"> </span>Interest pa<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>able and similar char<span class=\"_ _1\"></span>ges<span class=\"_ _393\"> </span></div><div class=\"gs69\"><table class=\"s wba hdf\" id=\"_bca32b67-1bb8-41fb-a8af-58d821d88d36\"><tr><td></td><td class=\"c n x24e y3cb3 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3cb3 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c5d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c5d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3cb4 ff4a fs4 fc1 sc0 ls0 ws0\">On financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb5 w61 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3cb5 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3cb5 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">667.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 wcf hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d2 y3c96 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d3 y3c96 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">33.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f wd0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on ret<span class=\"_ _1\"></span>ail deposits after hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c5f w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c5f w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">700.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w63 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset back<span class=\"_ _1\"></span>ed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d4 y3c60 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c60 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 wd1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank loans and overdr<span class=\"_ _1\"></span>afts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c40 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 wd2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3cb6 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3cb6 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 wd3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c97 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c97 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c61 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d8 y3c61 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wd4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w68 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3da y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3cb2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3cb2 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 wd5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal int<span class=\"_ _1\"></span>erest on financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dc y3c98 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dd y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">830.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wd6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discounting on lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wd7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other finance costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a\">The abov<span class=\"_ _1\"></span>e amounts relate <span class=\"_ _1\"></span>to:<span class=\"_ _393\"> </span></div><div class=\"gs6b\"><table class=\"s wd8 hd6\" id=\"_2047d895-23a0-4b86-8e81-4f42e8c0dc53\"><tr><td></td><td class=\"c n x36b y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 wd9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Financial liabilities held at amortised cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e0 y3c45 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">795.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments held at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e3 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wda hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other items<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c\">Amounts payable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> bank loans and ov<span class=\"_ _1\"></span>erdr<span class=\"_ _1\"></span>afts include interest and <span class=\"_ _1\"></span>fees pay<span class=\"_ _1\"></span>able in respect<span class=\"_ _1\"></span> of collater<span class=\"_ _1\"></span>al amounts receiv<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6d\">in respect o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative financial instruments (<span class=\"_ _1\"></span>note 37).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "4.  <span class=\"_ _c9\"> </span>Int<span class=\"_ _1\"></span>erest <span class=\"_ _8\"> </span>receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span>Interest r<span class=\"_ _0\"></span>eceivable is analysed as follo<span class=\"_ _1\"></span>ws.<span class=\"_ _393\"> </span><table class=\"s wc1 hdd\" id=\"_626d12e6-1b86-4e90-b024-6b6676a1e959\"><tr><td></td><td></td><td class=\"c n x3b9 y3c3d w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c40 wc2 hd0\"><div class=\"t m0 x19e h4e y3c6a ff49 fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est receivable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c40 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">888.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c40 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">819.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wc3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3ab y3c41 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 wc4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Invoice finance inc<span class=\"_ _1\"></span>ome<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x21b y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bd y3c42 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 wc5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on loans to cust<span class=\"_ _1\"></span>omers<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c43 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">978.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c43 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">899.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wc6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of loan assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3be y3c63 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c63 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">245.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e wc7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on loans to cust<span class=\"_ _1\"></span>omers aft<span class=\"_ _1\"></span>er hedging<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c0 y3c4e w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,122.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c1 y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,144.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f wc8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension scheme surplus<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c2 y3c4f w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">56<span class=\"_ _393\"> </span></div></td><td class=\"c n x354 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c4f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3ab y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wc9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of securities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c5 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c6 y3c50 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wca hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other inter<span class=\"_ _1\"></span>est receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c7 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c65 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">158.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wcb hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal int<span class=\"_ _1\"></span>erest on financial assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c9 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ca y3c48 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr></table>The abov<span class=\"_ _1\"></span>e amounts relate <span class=\"_ _1\"></span>to:<span class=\"_ _393\"> </span><table class=\"s wcc hde\" id=\"_70799298-f61c-406c-8b3c-7edb04c59614\"><tr><td></td><td class=\"c n x3cb y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 wcd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Financial assets held at amortised cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3cb2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,017.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3cb2 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">992.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 wc3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c98 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wc8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension scheme surplus<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments held at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ce y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">146.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cf y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">248.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3d0 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d1 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr></table>Other inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>eceivable r<span class=\"_ _1\"></span>elates principally <span class=\"_ _1\"></span>to cash deposits at central and r<span class=\"_ _1\"></span>etail banks.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "4.  <span class=\"_ _c9\"> </span>Int<span class=\"_ _1\"></span>erest <span class=\"_ _8\"> </span>receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span>Interest r<span class=\"_ _0\"></span>eceivable is analysed as follo<span class=\"_ _1\"></span>ws.<span class=\"_ _393\"> </span><table class=\"s wc1 hdd\" id=\"_626d12e6-1b86-4e90-b024-6b6676a1e959\"><tr><td></td><td></td><td class=\"c n x3b9 y3c3d w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c40 wc2 hd0\"><div class=\"t m0 x19e h4e y3c6a ff49 fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est receivable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c40 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">888.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c40 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">819.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wc3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3ab y3c41 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 wc4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Invoice finance inc<span class=\"_ _1\"></span>ome<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x21b y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bd y3c42 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 wc5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on loans to cust<span class=\"_ _1\"></span>omers<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c43 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">978.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c43 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">899.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wc6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of loan assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3be y3c63 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c63 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">245.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e wc7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on loans to cust<span class=\"_ _1\"></span>omers aft<span class=\"_ _1\"></span>er hedging<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c0 y3c4e w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,122.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c1 y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,144.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f wc8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension scheme surplus<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c2 y3c4f w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">56<span class=\"_ _393\"> </span></div></td><td class=\"c n x354 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c4f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3ab y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wc9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of securities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c5 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c6 y3c50 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wca hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other inter<span class=\"_ _1\"></span>est receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c7 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c65 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">158.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wcb hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal int<span class=\"_ _1\"></span>erest on financial assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c9 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ca y3c48 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr></table>The abov<span class=\"_ _1\"></span>e amounts relate <span class=\"_ _1\"></span>to:<span class=\"_ _393\"> </span><table class=\"s wcc hde\" id=\"_70799298-f61c-406c-8b3c-7edb04c59614\"><tr><td></td><td class=\"c n x3cb y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 wcd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Financial assets held at amortised cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3cb2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,017.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3cb2 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">992.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 wc3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c98 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wc8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension scheme surplus<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments held at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ce y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">146.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cf y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">248.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3d0 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d1 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr></table>Other inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>eceivable r<span class=\"_ _1\"></span>elates principally <span class=\"_ _1\"></span>to cash deposits at central and r<span class=\"_ _1\"></span>etail banks.<span class=\"_ _393\"> </span>5. <span class=\"_ _107\"></span> <span class=\"_ _39\"> </span>Interest pa<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>able and similar char<span class=\"_ _1\"></span>ges<span class=\"_ _393\"> </span><table class=\"s wba hdf\" id=\"_bca32b67-1bb8-41fb-a8af-58d821d88d36\"><tr><td></td><td class=\"c n x24e y3cb3 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3cb3 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c5d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c5d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3cb4 ff4a fs4 fc1 sc0 ls0 ws0\">On financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb5 w61 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3cb5 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3cb5 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">667.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 wcf hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d2 y3c96 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d3 y3c96 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">33.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f wd0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on ret<span class=\"_ _1\"></span>ail deposits after hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c5f w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c5f w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">700.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w63 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset back<span class=\"_ _1\"></span>ed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d4 y3c60 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c60 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 wd1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank loans and overdr<span class=\"_ _1\"></span>afts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c40 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 wd2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3cb6 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3cb6 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 wd3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c97 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c97 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c61 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d8 y3c61 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wd4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w68 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3da y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3cb2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3cb2 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 wd5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal int<span class=\"_ _1\"></span>erest on financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dc y3c98 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dd y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">830.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wd6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discounting on lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wd7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other finance costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table>The abov<span class=\"_ _1\"></span>e amounts relate <span class=\"_ _1\"></span>to:<span class=\"_ _393\"> </span><table class=\"s wd8 hd6\" id=\"_2047d895-23a0-4b86-8e81-4f42e8c0dc53\"><tr><td></td><td class=\"c n x36b y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 wd9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Financial liabilities held at amortised cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e0 y3c45 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">795.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments held at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e3 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wda hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other items<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table>Amounts payable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> bank loans and ov<span class=\"_ _1\"></span>erdr<span class=\"_ _1\"></span>afts include interest and <span class=\"_ _1\"></span>fees pay<span class=\"_ _1\"></span>able in respect<span class=\"_ _1\"></span> of collater<span class=\"_ _1\"></span>al amounts receiv<span class=\"_ _1\"></span>ed in respect o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative financial instruments (<span class=\"_ _1\"></span>note 37).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-411": {
   "value": "4.  <span class=\"_ _c9\"> </span>Int<span class=\"_ _1\"></span>erest <span class=\"_ _8\"> </span>receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span>Interest r<span class=\"_ _0\"></span>eceivable is analysed as follo<span class=\"_ _1\"></span>ws.<span class=\"_ _393\"> </span><table class=\"s wc1 hdd\" id=\"_626d12e6-1b86-4e90-b024-6b6676a1e959\"><tr><td></td><td></td><td class=\"c n x3b9 y3c3d w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c40 wc2 hd0\"><div class=\"t m0 x19e h4e y3c6a ff49 fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est receivable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c40 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">888.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c40 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">819.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wc3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3ab y3c41 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 wc4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Invoice finance inc<span class=\"_ _1\"></span>ome<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x21b y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bd y3c42 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 wc5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on loans to cust<span class=\"_ _1\"></span>omers<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c43 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">978.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c43 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">899.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wc6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of loan assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3be y3c63 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c63 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">245.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e wc7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on loans to cust<span class=\"_ _1\"></span>omers aft<span class=\"_ _1\"></span>er hedging<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c0 y3c4e w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,122.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c1 y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,144.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f wc8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension scheme surplus<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c2 y3c4f w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">56<span class=\"_ _393\"> </span></div></td><td class=\"c n x354 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c4f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3ab y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wc9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of securities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c5 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c6 y3c50 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wca hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other inter<span class=\"_ _1\"></span>est receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c7 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c65 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">158.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wcb hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal int<span class=\"_ _1\"></span>erest on financial assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3c9 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ca y3c48 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr></table>The abov<span class=\"_ _1\"></span>e amounts relate <span class=\"_ _1\"></span>to:<span class=\"_ _393\"> </span><table class=\"s wcc hde\" id=\"_70799298-f61c-406c-8b3c-7edb04c59614\"><tr><td></td><td class=\"c n x3cb y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 wcd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Financial assets held at amortised cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3cb2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,017.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3cb2 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">992.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 wc3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c98 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wc8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension scheme surplus<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments held at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ce y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">146.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cf y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">248.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3d0 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,249.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d1 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,314.7<span class=\"_ _393\"> </span></div></td></tr></table>Other inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>eceivable r<span class=\"_ _1\"></span>elates principally <span class=\"_ _1\"></span>to cash deposits at central and r<span class=\"_ _1\"></span>etail banks.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "5. <span class=\"_ _107\"></span> <span class=\"_ _39\"> </span>Interest pa<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>able and similar char<span class=\"_ _1\"></span>ges<span class=\"_ _393\"> </span><table class=\"s wba hdf\" id=\"_bca32b67-1bb8-41fb-a8af-58d821d88d36\"><tr><td></td><td class=\"c n x24e y3cb3 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3cb3 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c5d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c5d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3cb4 ff4a fs4 fc1 sc0 ls0 ws0\">On financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb5 w61 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3cb5 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3cb5 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">667.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 wcf hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d2 y3c96 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d3 y3c96 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">33.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f wd0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on ret<span class=\"_ _1\"></span>ail deposits after hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c5f w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c5f w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">700.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w63 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset back<span class=\"_ _1\"></span>ed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d4 y3c60 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c60 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 wd1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank loans and overdr<span class=\"_ _1\"></span>afts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c40 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 wd2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3cb6 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3cb6 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 wd3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c97 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c97 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c61 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d8 y3c61 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wd4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w68 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3da y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3cb2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3cb2 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 wd5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal int<span class=\"_ _1\"></span>erest on financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dc y3c98 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dd y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">830.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wd6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discounting on lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wd7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other finance costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table>The abov<span class=\"_ _1\"></span>e amounts relate <span class=\"_ _1\"></span>to:<span class=\"_ _393\"> </span><table class=\"s wd8 hd6\" id=\"_2047d895-23a0-4b86-8e81-4f42e8c0dc53\"><tr><td></td><td class=\"c n x36b y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 wd9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Financial liabilities held at amortised cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e0 y3c45 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">795.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments held at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e3 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wda hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other items<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table>Amounts payable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> bank loans and ov<span class=\"_ _1\"></span>erdr<span class=\"_ _1\"></span>afts include interest and <span class=\"_ _1\"></span>fees pay<span class=\"_ _1\"></span>able in respect<span class=\"_ _1\"></span> of collater<span class=\"_ _1\"></span>al amounts receiv<span class=\"_ _1\"></span>ed in respect o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative financial instruments (<span class=\"_ _1\"></span>note 37).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "5. <span class=\"_ _107\"></span> <span class=\"_ _39\"> </span>Interest pa<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>able and similar char<span class=\"_ _1\"></span>ges<span class=\"_ _393\"> </span><table class=\"s wba hdf\" id=\"_bca32b67-1bb8-41fb-a8af-58d821d88d36\"><tr><td></td><td class=\"c n x24e y3cb3 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3cb3 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c5d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c5d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3cb4 ff4a fs4 fc1 sc0 ls0 ws0\">On financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb5 w61 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3cb5 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3cb5 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">667.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 wcf hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d2 y3c96 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d3 y3c96 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">33.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f wd0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on ret<span class=\"_ _1\"></span>ail deposits after hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c5f w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c5f w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">700.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w63 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset back<span class=\"_ _1\"></span>ed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d4 y3c60 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c60 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 wd1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank loans and overdr<span class=\"_ _1\"></span>afts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c40 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 wd2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3cb6 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3cb6 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 wd3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c97 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c97 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c61 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d8 y3c61 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wd4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w68 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3da y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3cb2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3cb2 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 wd5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal int<span class=\"_ _1\"></span>erest on financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dc y3c98 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dd y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">830.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wd6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discounting on lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wd7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other finance costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table>The abov<span class=\"_ _1\"></span>e amounts relate <span class=\"_ _1\"></span>to:<span class=\"_ _393\"> </span><table class=\"s wd8 hd6\" id=\"_2047d895-23a0-4b86-8e81-4f42e8c0dc53\"><tr><td></td><td class=\"c n x36b y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 wd9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Financial liabilities held at amortised cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e0 y3c45 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">795.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments held at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e3 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wda hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other items<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table>Amounts payable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> bank loans and ov<span class=\"_ _1\"></span>erdr<span class=\"_ _1\"></span>afts include interest and <span class=\"_ _1\"></span>fees pay<span class=\"_ _1\"></span>able in respect<span class=\"_ _1\"></span> of collater<span class=\"_ _1\"></span>al amounts receiv<span class=\"_ _1\"></span>ed in respect o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative financial instruments (<span class=\"_ _1\"></span>note 37).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-412": {
   "value": "5. <span class=\"_ _107\"></span> <span class=\"_ _39\"> </span>Interest pa<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>able and similar char<span class=\"_ _1\"></span>ges<span class=\"_ _393\"> </span><table class=\"s wba hdf\" id=\"_bca32b67-1bb8-41fb-a8af-58d821d88d36\"><tr><td></td><td class=\"c n x24e y3cb3 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3cb3 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c5d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c5d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3cb4 ff4a fs4 fc1 sc0 ls0 ws0\">On financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb5 w61 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3cb5 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3cb5 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">667.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 wcf hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d2 y3c96 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d3 y3c96 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">33.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f wd0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on ret<span class=\"_ _1\"></span>ail deposits after hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c5f w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">674.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c5f w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">700.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w63 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset back<span class=\"_ _1\"></span>ed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d4 y3c60 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c60 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 wd1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank loans and overdr<span class=\"_ _1\"></span>afts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c40 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 wd2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3cb6 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3cb6 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 wd3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of f<span class=\"_ _1\"></span>air value hedging of bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c97 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c97 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c61 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d8 y3c61 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wd4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w68 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3da y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3cb2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3cb2 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 wd5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal int<span class=\"_ _1\"></span>erest on financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dc y3c98 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dd y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">830.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wd6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discounting on lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wd7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other finance costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table>The abov<span class=\"_ _1\"></span>e amounts relate <span class=\"_ _1\"></span>to:<span class=\"_ _393\"> </span><table class=\"s wd8 hd6\" id=\"_2047d895-23a0-4b86-8e81-4f42e8c0dc53\"><tr><td></td><td class=\"c n x36b y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 wd9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Financial liabilities held at amortised cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e0 y3c45 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">745.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">795.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments held at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e3 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wda hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other items<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">746.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">831.5<span class=\"_ _393\"> </span></div></td></tr></table>Amounts payable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> bank loans and ov<span class=\"_ _1\"></span>erdr<span class=\"_ _1\"></span>afts include interest and <span class=\"_ _1\"></span>fees pay<span class=\"_ _1\"></span>able in respect<span class=\"_ _1\"></span> of collater<span class=\"_ _1\"></span>al amounts receiv<span class=\"_ _1\"></span>ed in respect o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative financial instruments (<span class=\"_ _1\"></span>note 37).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-350": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs6f\">6. <span class=\"_ _39\"> </span>Net operating lease income </div><div class=\"gs70\"><table class=\"s wdb hdc\" id=\"_fb6011a8-f80a-4f10-8374-a5c02a129ec0\"><tr><td></td><td></td><td class=\"c n x24e y3c5f w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3c5f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c60 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c60 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cb7 ff49 fs4 fc1 sc0 ls0 ws0\">Income<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 wdc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease r<span class=\"_ _1\"></span>entals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e4 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">21.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 wdd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maintenance income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e6 y3c97 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c97 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 wde hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating lease income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e8 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cb8 ff49 fs4 fc1 sc0 ls0 ws0\">Costs<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e wdf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of lease assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ea y3c4e w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x3eb y3c4e w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ec y3c4e w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(11.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 we0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maintenance salaries<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ed y3cb2 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ee y3cb2 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ef y3cb2 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 we1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other maintenance cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x39e y3c98 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f0 y3c98 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 we2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating lease costs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3f1 y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(25.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x39f y3c62 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(24.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w26 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net opera<span class=\"_ _1\"></span>ting lease income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3cd y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 wsd0 gs72\">7<span class=\"_ _0\"></span>.  <span class=\"_ _b4\"> </span>Other <span class=\"_ _33\"></span>income<span class=\"_ _393\"> </span></div><div class=\"gs69\"><table class=\"s wcc he0\" id=\"_25c08460-0c5e-4822-b516-d1458838c9ae\"><tr><td></td><td class=\"c n x3cb y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 we3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan account f<span class=\"_ _1\"></span>ee income<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f2 y3c45 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f3 y3c45 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 we4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Brok<span class=\"_ _1\"></span>er commissions<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c62 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c62 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w29 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other income<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c48 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f4 y3c48 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs73\">All loan account fee income arises <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>financial assets held at amortised cost.<span class=\"_ _393\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "6. <span class=\"_ _39\"> </span>Net operating lease income <table class=\"s wdb hdc\" id=\"_fb6011a8-f80a-4f10-8374-a5c02a129ec0\"><tr><td></td><td></td><td class=\"c n x24e y3c5f w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3c5f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c60 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c60 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cb7 ff49 fs4 fc1 sc0 ls0 ws0\">Income<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 wdc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease r<span class=\"_ _1\"></span>entals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e4 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">21.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 wdd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maintenance income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e6 y3c97 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c97 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 wde hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating lease income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e8 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cb8 ff49 fs4 fc1 sc0 ls0 ws0\">Costs<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e wdf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of lease assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ea y3c4e w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x3eb y3c4e w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ec y3c4e w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(11.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 we0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maintenance salaries<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ed y3cb2 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ee y3cb2 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ef y3cb2 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 we1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other maintenance cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x39e y3c98 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f0 y3c98 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 we2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating lease costs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3f1 y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(25.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x39f y3c62 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(24.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w26 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net opera<span class=\"_ _1\"></span>ting lease income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3cd y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td></tr></table>8. <span class=\"_ _39\"> </span>Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span><table class=\"s we5 he1\" id=\"_4d51affa-66c0-419e-a6a1-93d1b8f34453\"><tr><td></td><td></td><td class=\"c n x3b9 y3c42 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c61 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 we6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Employment cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f5 y3c63 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f6 y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">110.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f7 y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e we7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Auditor remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f8 y3c4e w16 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f9 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fa y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f we8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank of England Levy<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3fb y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 we9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation of intangible asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c45 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fe y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of oper<span class=\"_ _1\"></span>ational assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x400 y3c62 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x402 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 web hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other administra<span class=\"_ _1\"></span>tive cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x403 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x404 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">55.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">179.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">179.2<span class=\"_ _393\"> </span></div></td></tr></table>The Bank of<span class=\"_ _1\"></span> England Le<span class=\"_ _1\"></span>vy<span class=\"_ _1\"></span> was intr<span class=\"_ _1\"></span>oduced fr<span class=\"_ _1\"></span>om 1 March 202<span class=\"_ _1\"></span>4. <span class=\"_ _1\"></span>Accounting standards r<span class=\"_ _0\"></span>equire that the L<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>vy is accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> in full on the first da<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> each annual L<span class=\"_ _1\"></span>evy<span class=\"_ _1\"></span> period. The Group incurr<span class=\"_ _1\"></span>ed no costs in r<span class=\"_ _1\"></span>espect of short<span class=\"_ _1\"></span>-term operating leases in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear (2024: none<span class=\"_ _0\"></span>).<span class=\"_ _393\"> </span>27<span class=\"_ _0\"></span>. <span class=\"_ _8\"> </span>Property<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w142 h108\" id=\"_8fa9e845-bd73-491b-a40f-822aad1357f3\"><tr><td></td><td class=\"t m0 x598 h4e y3d6f ff49 fs4 fc1 sc0 ls0 ws0\">Leased<span class=\"_ _393\"> </span></td><td class=\"t m0 x8ae h4e y3d6f ff49 fs4 fc1 sc0 ls0 ws0\">Land and </td><td class=\"t m0 x8af h4e y3d6f ff49 fs4 fc1 sc0 ls0 ws0\">Plant and </td><td class=\"t m0 x316 h4e y3d6f ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8b0 h4e y3d70 ff49 fs4 fc1 sc0 ls0 ws0\">assets<span class=\"_ _393\"> </span></td><td class=\"t m0 x8ae h4e y3d70 ff49 fs4 fc1 sc0 ls0 ws0\">buildings<span class=\"_ _393\"> </span></td><td class=\"t m0 x8b1 h4e y3d70 ff49 fs4 fc1 sc0 ls0 ws0\">machinery<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x31a y3d71 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3d71 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31c y3d71 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31d y3d71 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d72 ff49 fs4 fc1 sc0 ls0 ws0\">Cost </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c37 w226 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c37 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">81.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x65c y3c37 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">37.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c37 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c37 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">133.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w1c8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b3 y3c38 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x826 y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b4 y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b5 y3c38 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w227 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b6 y3c39 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(7.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b7 y3c39 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b8 y3c39 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ca y3c39 w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(10.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w187 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c3a w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">88.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c3a w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">36.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b9 y3c3a w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x231 y3c3a w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">139.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3b w1c8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b3 y3c3b w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">21.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x826 y3c3b w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b4 y3c3b w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b5 y3c3b w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d0d w227 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ba y3d0d w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(10.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bb y3d0d w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bc y3d0d w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x815 y3d0d w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(12.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bd y3c9b w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">99.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8be y3c9b w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x33d y3c9b w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c9b w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">151.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d73 ff49 fs4 fc1 sc0 ls0 ws0\">Accumulated depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3f w226 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">36.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x65c y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">10.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">10.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">58.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cae w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bf y3cae w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">11.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c0 y3cae w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c1 y3cae w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3cae w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">17.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c2 y3c41 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(4.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c3 y3c41 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c4 y3c41 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x435 y3c41 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(7.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c42 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">43.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c42 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b9 y3c42 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">11.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x33b y3c42 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">68.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bf y3c43 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c0 y3c43 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c1 y3c43 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c43 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c2 y3c44 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(8.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c3 y3c44 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c4 y3c44 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x435 y3c44 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d74 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bd y3d74 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">47.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8be y3d74 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x33d y3d74 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x430 y3d74 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">74.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d75 ff49 fs4 fc1 sc0 ls0 ws0\">Net book value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d76 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bd y3d76 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">51.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8be y3d76 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c5 y3d76 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c6 y3d76 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">77.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c47 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c47 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">22.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c47 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3c47 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">71.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">26.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">74.7<span class=\"_ _393\"> </span></div></td></tr></table>Land and buildings and plant and machinery sho<span class=\"_ _1\"></span>wn abov<span class=\"_ _1\"></span>e are used <span class=\"_ _1\"></span>within the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s business. Leased asse<span class=\"_ _1\"></span>ts includes \u00a337<span class=\"_ _0\"></span>.7m in respect o<span class=\"_ _1\"></span>f assets leased <span class=\"_ _1\"></span>to customers under<span class=\"_ _1\"></span> operating leases (2024: \u00a330<span class=\"_ _1\"></span>.4m), \u00a30<span class=\"_ _1\"></span>.8m of<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>ehicles leased to emplo<span class=\"_ _1\"></span>yees under<span class=\"_ _1\"></span> the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s green car<span class=\"_ _1\"></span> salary sacrifice scheme (2024: \u00a30<span class=\"_ _1\"></span>.7m<span class=\"_ _1\"></span>) and \u00a312.8m of<span class=\"_ _1\"></span> assets av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> hire (202<span class=\"_ _1\"></span>4: \u00a313.5m).<span class=\"_ _393\"> </span>The carrying v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> right of<span class=\"_ _1\"></span> use of asse<span class=\"_ _1\"></span>ts, in respect of<span class=\"_ _0\"></span> leases where the Gr<span class=\"_ _1\"></span>oup is the lessee, included in pr<span class=\"_ _1\"></span>operty<span class=\"_ _0\"></span>, plant and equipment are set<span class=\"_ _1\"></span> out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w22a h109\" id=\"_b6a4671a-b6f9-4146-aa99-daf2a2f901ec\"><tr><td></td><td class=\"t m0 x8c9 h4e y3d77 ff49 fs4 fc1 sc0 ls0 ws0\">Leased  </td><td class=\"t m0 x8ca h4e y3d77 ff49 fs4 fc1 sc0 ls0 ws0\">Land and </td><td class=\"t m0 x8cb h4e y3d77 ff49 fs4 fc1 sc0 ls0 ws0\">Plant and </td><td class=\"t m0 x376 h4e y3d77 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8cc h4e y3d78 ff49 fs4 fc1 sc0 ls0 ws0\">assets<span class=\"_ _393\"> </span></td><td class=\"t m0 x8ca h4e y3d78 ff49 fs4 fc1 sc0 ls0 ws0\">buildings<span class=\"_ _393\"> </span></td><td class=\"t m0 x8cd h4e y3d78 ff49 fs4 fc1 sc0 ls0 ws0\">machinery<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x4e6 y3d79 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3d79 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x574 y3d79 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x575 y3d79 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d7a ff49 fs4 fc1 sc0 ls0 ws0\">Cost </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cdd w226 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x722 y3cdd w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ce y3cdd w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8cf y3cdd w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d0 y3cdd w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w1c8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x71a y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d1 y3c38 w49 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d35 w227 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d2 y3d35 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d3 y3d35 w7f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d4 y3d35 w7f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d5 y3d35 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb3 w187 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3cb3 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3cb3 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3cb3 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3cb3 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w1c8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x71a y3c5d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d1 y3c5d w49 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c5d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c5d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w227 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b6 y3c5e w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b7 y3c5e w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b8 y3c5e w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d7 y3c5e w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3c9b w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x32c y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x32d y3c9b w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d7b ff49 fs4 fc1 sc0 ls0 ws0\">Accumulated depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c60 w226 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x722 y3c60 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d8 y3c60 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d9 y3c60 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c60 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8da y3c40 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8db y3c40 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x664 y3c40 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c40 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8dc y3cb6 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8dd y3cb6 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8de y3cb6 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x87a y3cb6 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c97 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c97 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c97 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e1 y3c97 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8da y3c61 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8db y3c61 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x664 y3c61 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c61 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c2 y3c63 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c3 y3c63 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c4 y3c63 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x435 y3c63 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d7c w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x336 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x579 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3d7c w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d7d ff49 fs4 fc1 sc0 ls0 ws0\">Net book value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d7e w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3d7e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x336 y3d7e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x579 y3d7e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e2 y3d7e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e1 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e1 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td></tr></table>During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2018, the Gr<span class=\"_ _1\"></span>oup entered int<span class=\"_ _1\"></span>o a transaction <span class=\"_ _1\"></span>with the Par<span class=\"_ _1\"></span>agon Pension Plan, eff<span class=\"_ _1\"></span>ectively<span class=\"_ _1\"></span> granting a first charge o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> its fr<span class=\"_ _1\"></span>eehold head office building as security<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> its agreed contributions under<span class=\"_ _0\"></span> the recov<span class=\"_ _1\"></span>ery plan. <span class=\"_ _0\"></span>The carrying value of<span class=\"_ _1\"></span> the assets subject t<span class=\"_ _1\"></span>o this charge <span class=\"_ _1\"></span>was \u00a316.<span class=\"_ _0\"></span>1m (2024: \u00a316.4m).<span class=\"_ _393\"> </span>Depreciation on pr<span class=\"_ _1\"></span>operty<span class=\"_ _0\"></span>, plant and equipment is included in the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s profit and loss account as se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w22b hf6\" id=\"_452aa61e-145b-43d2-baa3-7c5f7dd28df7\"><tr><td></td><td></td><td class=\"c n x463 y3c4f w22c hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _ad\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x8e3 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c98 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c98 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w2d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e4 y3c62 w17c hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e5 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e6 y3c62 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w22d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Leasing costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e7 y3c65 w16 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">6<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x222 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w22e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal deprecia<span class=\"_ _1\"></span>tion<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e8 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.0<span class=\"_ _393\"> </span></div></td></tr></table>Depreciation of<span class=\"_ _0\"></span> \u00a31<span class=\"_ _2\"></span>1.9m included in leasing costs (2024: \u00a311.4m) is attributable <span class=\"_ _1\"></span>to the Commer<span class=\"_ _1\"></span>cial Lending segment<span class=\"_ _1\"></span> described in note 2. No other depr<span class=\"_ _0\"></span>eciation is allocated to a segment.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span>The property<span class=\"_ _0\"></span>, plant and equipment balance of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esents a right of<span class=\"_ _1\"></span> use asset in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> a building leased fr<span class=\"_ _1\"></span>om a fellow<span class=\"_ _1\"></span> group entity<span class=\"_ _0\"></span>. The carrying <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>this asset is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w22f he3\" id=\"_b359875e-95ec-4305-a556-f29740fcb939\"><tr><td></td><td class=\"t m0 x8e8 h4e y3d7f ff49 fs4 fc1 sc0 ls0 ws0\">Land and  </td></tr><tr><td></td><td class=\"t m0 x8e8 h4e y3d80 ff49 fs4 fc1 sc0 ls0 ws0\">buildings<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8e9 h4e y3d81 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></td></tr><tr><td class=\"t m0 x1d4 h4e y3d82 ff49 fs4 fc1 sc0 ls0 ws0\">Cost </td><td></td></tr><tr><td class=\"c n x1a7 y3d83 w230 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023, 30 September 2024 and 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x726 y3d83 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d84 ff49 fs4 fc1 sc0 ls0 ws0\">Accumulated depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></td><td></td></tr><tr><td class=\"c n x1a7 y3d85 w187 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ea y3d85 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d86 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8eb y3d86 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d87 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ec y3d87 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d88 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ea y3d88 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d89 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8eb y3d89 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc6 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ec y3cc6 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d8a w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ed y3d8a w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d8b ff49 fs4 fc1 sc0 ls0 ws0\">Net book value<span class=\"_ _393\"> </span></td><td></td></tr><tr><td class=\"c n x1a7 y3d8c w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ee y3d8c w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ef y3ccb w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">11.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ef y3ccc w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.2<span class=\"_ _393\"> </span></div></td></tr></table>28. <span class=\"_ _33\"></span>Intangible assets<span class=\"_ _393\"> </span><table class=\"s w231 h10a\" id=\"_31f01637-6cbf-49bc-8b35-60f0a48cf361\"><tr><td></td><td class=\"t m0 x8f0 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">Goodwill  </td><td class=\"t m0 x419 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">Computer </td><td class=\"t m0 x8f1 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">Other intangible </td><td class=\"t m0 x316 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8f2 h4e y3d8e ff49 fs4 fc1 sc0 ls0 ws0\">(note 29)<span class=\"_ _393\"> </span></td><td class=\"t m0 x8ae h4e y3d8e ff49 fs4 fc1 sc0 ls0 ws0\">software<span class=\"_ _393\"> </span></td><td class=\"t m0 x8f3 h4e y3d8e ff49 fs4 fc1 sc0 ls0 ws0\">assets<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x31a y3d8f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3d8f w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31c y3d8f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31d y3d8f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d90 ff49 fs4 fc1 sc0 ls0 ws0\">Cost </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3b w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c3b w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c3b w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">18.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c3b w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c3b w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">183.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w1c8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c5e w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c5e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3c5e w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f6 y3c5e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c3c w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c3c w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">22.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c3c w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c3c w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">187.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w1c8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c3d w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c3d w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3c3d w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f6 y3c3d w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d91 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3d91 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f7 y3d91 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ed y3d91 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f8 y3d91 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">190.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d92 ff49 fs4 fc1 sc0 ls0 ws0\">Accumulated amortisa<span class=\"_ _1\"></span>tion and impairment<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f9 y3c41 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fa y3c41 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c41 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fc y3c41 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w232 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation charge f<span class=\"_ _0\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3c42 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fd y3c42 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fe y3c42 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3c42 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f9 y3c43 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fa y3c43 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c43 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fc y3c43 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w232 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation charge f<span class=\"_ _0\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3c63 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fd y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fe y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d7c w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3d7c w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x901 y3d7c w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x903 y3d7c w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d93 ff49 fs4 fc1 sc0 ls0 ws0\">Net book value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d76 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3d76 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3d76 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x904 y3d76 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x905 y3d76 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">172.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c65 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">171.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c48 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">168.2<span class=\"_ _393\"> </span></div></td></tr></table>Other intangible assets comprise br<span class=\"_ _1\"></span>ands and the benefit o<span class=\"_ _1\"></span>f business netw<span class=\"_ _1\"></span>orks recognised on <span class=\"_ _1\"></span>the acquisition of<span class=\"_ _1\"></span> businesses. Amortisation charges in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> intangible assets are included in oper<span class=\"_ _1\"></span>ating expenses (note 8).<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-413": {
   "value": "6. <span class=\"_ _39\"> </span>Net operating lease income <table class=\"s wdb hdc\" id=\"_fb6011a8-f80a-4f10-8374-a5c02a129ec0\"><tr><td></td><td></td><td class=\"c n x24e y3c5f w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3c5f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c60 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c60 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cb7 ff49 fs4 fc1 sc0 ls0 ws0\">Income<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 wdc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease r<span class=\"_ _1\"></span>entals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e4 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">21.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 wdd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maintenance income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e6 y3c97 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c97 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 wde hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating lease income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e8 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cb8 ff49 fs4 fc1 sc0 ls0 ws0\">Costs<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e wdf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of lease assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ea y3c4e w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x3eb y3c4e w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ec y3c4e w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(11.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 we0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maintenance salaries<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ed y3cb2 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ee y3cb2 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ef y3cb2 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 we1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other maintenance cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x39e y3c98 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f0 y3c98 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 we2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating lease costs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3f1 y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(25.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x39f y3c62 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(24.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w26 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net opera<span class=\"_ _1\"></span>ting lease income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3cd y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td></tr></table><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gse0\">17<span class=\"_ _0\"></span>. <span class=\"_ _5\"> </span>Finance lease receiv<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gse1\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s finance leases can be analy<span class=\"_ _1\"></span>sed as shown below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s w134 he0\" id=\"_faab6723-61f9-4b6e-91b3-7b389ea96bbf\"><tr><td></td><td class=\"c n x463 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w135 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Motor finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c98 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">360.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c98 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">331.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c98 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">297.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b2 y3c62 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">671.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b3 y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">633.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dd y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">559.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w137 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">BBB sponsored schemes<span class=\"_ _393\"> </span></div></td><td class=\"c n x470 y3c65 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c65 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c65 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w138 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b4 y3c48 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,049.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b5 y3c48 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">995.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b6 y3c48 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">907.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gse2\">The minimum lease payments due under<span class=\"_ _1\"></span> these loan agr<span class=\"_ _1\"></span>eements are:<span class=\"_ _393\"> </span></div><div class=\"gse3\"><table class=\"s w139 he2\" id=\"_a0ead625-5ecf-4f7f-90b1-4e66ee172b9b\"><tr><td></td><td class=\"c n x463 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c40 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c40 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c40 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd6 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c42 w13a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c42 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">380.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c42 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">279.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c42 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">318.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w13b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c43 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">321.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c43 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">285.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c43 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">269.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w13c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within two to three y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b7 y3c44 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">246.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b8 y3c44 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">255.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x1e2 y3c44 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">218.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w13d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within three to f<span class=\"_ _1\"></span>our year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b9 y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">159.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ba y3c4e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">190.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x1c9 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">143.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w13e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within four to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bb y3c4f w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">74.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f9 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">104.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bc y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">67.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w13f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">After five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bd y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">68.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4be y3c45 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">104.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x390 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">60.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x46d y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,251.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x46e y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,219.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x46f y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,077.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w140 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less: future finance income<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bf y3c65 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(193.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c0 y3c65 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(213.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c1 y3c65 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(158.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w141 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Present v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c2 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,058.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c3 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,006.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c4 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">919.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gse4\">The present<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of <span class=\"_ _1\"></span>those payments, net o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ovisions <span class=\"_ _1\"></span>for impairment, carried in <span class=\"_ _1\"></span>the accounts are:<span class=\"_ _393\"> </span></div><div class=\"gse5\"><table class=\"s w142 he1\" id=\"_f97fe802-d91e-4de6-b3a0-2e26884afe9b\"><tr><td></td><td class=\"c n x463 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c43 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd7 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e w13a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c4e w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">323.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">230.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">272.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w143 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within two to five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c5 y3c4f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">678.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c6 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">690.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">597.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w13f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">After five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bd y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c7 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">85.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x355 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w141 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Present v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c2 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,058.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c3 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,006.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c4 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">919.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w144 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Allowance f<span class=\"_ _1\"></span>or uncollectible amounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c8 y3c47 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c9 y3c47 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(10.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ca y3c47 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(12.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w138 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b4 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,049.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b5 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">995.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b6 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">907.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs470\">38. <span class=\"_ _33\"></span>Lease pay<span class=\"_ _0\"></span>ables<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls8 ws0 gs471\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s lease liabilities arise under <span class=\"_ _1\"></span>the leasing arrangements described in no<span class=\"_ _1\"></span>te 50. R<span class=\"_ _1\"></span>elated right of<span class=\"_ _1\"></span> use assets are sho<span class=\"_ _1\"></span>wn in note 27<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s w25a h10d\" id=\"_61897b2c-ca4a-4d03-927d-14e0fbaea77b\"><tr><td></td><td></td><td class=\"c n x950 y3c41 w25b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></div></td><td class=\"c n x951 y3c41 w25c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x952 y3c42 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x953 y3c42 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x954 y3c42 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x955 y3c42 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c61 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c61 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x956 y3c61 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c61 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d9c ff4a fs4 fc1 sc0 ls0 ws0\">Leasing liabilities falling due:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e w32 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">In more than five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x957 y3c4e w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x958 y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x959 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x95a y3c4e w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w25d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">In more than two but less than five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x95b y3c4f w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x95c y3c4f w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c4f w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c4f w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w25e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">In more than one year but less than tw<span class=\"_ _1\"></span>o years<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c45 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c45 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c45 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c45 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w25f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">In more than one year (not<span class=\"_ _1\"></span>e 37)<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c62 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c62 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c62 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c62 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w260 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">In less than one year (note 37)<span class=\"_ _393\"> </span></div></td><td class=\"c n x95e y3c65 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x95f y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x960 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x961 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x601 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x962 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x963 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x964 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr></table></div>50. <span class=\"_ _33\"></span>Leasing arr<span class=\"_ _1\"></span>angements<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>As <span class=\"_ _2\"></span>Lessor<span class=\"_ _393\"> </span>The Group<span class=\"_ _1\"></span>, thr<span class=\"_ _1\"></span>ough its motor<span class=\"_ _1\"></span> finance and asset <span class=\"_ _1\"></span>finance businesses, leases assets under bo<span class=\"_ _1\"></span>th finance and operating leases. In r<span class=\"_ _1\"></span>espect of certain o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these assets, the Gr<span class=\"_ _1\"></span>oup also pro<span class=\"_ _1\"></span>vides maintenance services t<span class=\"_ _1\"></span>o the lessee.<span class=\"_ _393\"> </span>It also leases green mo<span class=\"_ _1\"></span>tor <span class=\"_ _1\"></span>vehicles <span class=\"_ _1\"></span>to its employ<span class=\"_ _1\"></span>ees under a salary<span class=\"_ _1\"></span> sacrifice scheme.<span class=\"_ _393\"> </span>Disclosures in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> these balances ar<span class=\"_ _1\"></span>e set out in <span class=\"_ _1\"></span>these financial statements as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span><table class=\"s w2b9 h115\" id=\"_9ed0464a-bf29-43f7-8443-36d6e82db2f8\"><tr><td class=\"c n x1a7 y3d2f w2ba hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Disclosure<span class=\"_ _393\"> </span></div></td><td class=\"c n xb03 y3d2f w2bb hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w2bc hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment in finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n xb04 y3c98 w33 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">17<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w2bd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Finance income on net inv<span class=\"_ _1\"></span>estment in finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n xb05 y3c62 w16 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2be hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Assets leased under opera<span class=\"_ _1\"></span>ting leases<span class=\"_ _393\"> </span></div></td><td class=\"c n xb06 y3c65 w76 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wbb hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease inc<span class=\"_ _1\"></span>ome<span class=\"_ _393\"> </span></div></td><td class=\"c n xb07 y3c48 w16 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6<span class=\"_ _393\"> </span></div></td></tr></table>The undiscounted futur<span class=\"_ _1\"></span>e minimum lease payments r<span class=\"_ _1\"></span>eceivable b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group under<span class=\"_ _1\"></span> operating lease arrang<span class=\"_ _1\"></span>ements may<span class=\"_ _1\"></span> be analysed as follow<span class=\"_ _1\"></span>s:<span class=\"_ _393\"> </span><table class=\"s w2bf heb\" id=\"_a205a36a-2acc-43e9-83fa-6373f0a997a5\"><tr><td></td><td class=\"c n x3cb y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c97 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c97 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dd7 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w13a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xb08 y3c63 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w13b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xb09 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0a y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w13c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within two to three y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w13d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within three to f<span class=\"_ _1\"></span>our year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0b y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ba y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w13e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within four to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c62 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2c0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">After more than fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0c y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x778 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">43.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x779 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.5<span class=\"_ _393\"> </span></div></td></tr></table>(b)  <span class=\"_ _dd\"> </span>As  Lessee<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s use of<span class=\"_ _1\"></span> leases as a lessee relates <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>ental of<span class=\"_ _1\"></span> office buildings and company<span class=\"_ _1\"></span> cars, tog<span class=\"_ _1\"></span>ether <span class=\"_ _1\"></span>with the pr<span class=\"_ _1\"></span>ocur<span class=\"_ _1\"></span>ement of vehicles f<span class=\"_ _1\"></span>or leasing <span class=\"_ _1\"></span>to employ<span class=\"_ _1\"></span>ees under its gr<span class=\"_ _1\"></span>een car<span class=\"_ _1\"></span> scheme. Under IFRS 16 these ha<span class=\"_ _1\"></span>ve been accounted f<span class=\"_ _1\"></span>or as right<span class=\"_ _1\"></span> of use assets and corresponding lease liabilities.<span class=\"_ _393\"> </span>The av<span class=\"_ _1\"></span>erage <span class=\"_ _1\"></span>term of <span class=\"_ _1\"></span>the current<span class=\"_ _1\"></span> building leases fr<span class=\"_ _1\"></span>om inception or acquisition is 8 <span class=\"_ _1\"></span>years (202<span class=\"_ _1\"></span>4: 7 y<span class=\"_ _1\"></span>ears) <span class=\"_ _1\"></span>with rents subject <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>eview<span class=\"_ _1\"></span> ev<span class=\"_ _1\"></span>ery <span class=\"_ _1\"></span>five <span class=\"_ _1\"></span>years, <span class=\"_ _1\"></span>while the av<span class=\"_ _1\"></span>erage <span class=\"_ _1\"></span>term of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>vehicle leases is 4 <span class=\"_ _1\"></span>years (2024: 4 <span class=\"_ _1\"></span>years<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span>The Company\u2019<span class=\"_ _0\"></span>s use of leases as lessee is limit<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the rental of<span class=\"_ _1\"></span> an office building <span class=\"_ _1\"></span>from a subsidiary<span class=\"_ _1\"></span> entity<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>The lease term <span class=\"_ _1\"></span>from inception is 15 y<span class=\"_ _1\"></span>ears.<span class=\"_ _393\"> </span>Disclosures r<span class=\"_ _1\"></span>elating to <span class=\"_ _1\"></span>these leases are se<span class=\"_ _1\"></span>t out in these <span class=\"_ _1\"></span>financial statements as follo<span class=\"_ _1\"></span>ws.<span class=\"_ _393\"> </span><table class=\"s w2c1 h116\" id=\"_cb4c978d-519d-4eff-a5ac-e2f879728729\"><tr><td class=\"c n x1a7 y3dd8 w2ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Disclosure<span class=\"_ _393\"> </span></div></td><td class=\"c n xb03 y3dd8 w2bb hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2c2 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation on right of use asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0d y3c4e w33 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2c3 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est expense on lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0e y3c4f w16 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w2c4 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Expense relating t<span class=\"_ _1\"></span>o short-t<span class=\"_ _1\"></span>erm leases<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0f y3c45 w16 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w2c5 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Additions to right of use assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xb10 y3c50 w33 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w2c6 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount of right of use assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xb06 y3c47 w76 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w2c7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Maturity analysis of lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xb06 y3c48 w76 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">60<span class=\"_ _393\"> </span></div></td></tr></table>Salary sacrifice amounts of<span class=\"_ _0\"></span> \u00a30.5m in respect of<span class=\"_ _1\"></span> the gr<span class=\"_ _1\"></span>een car<span class=\"_ _1\"></span> scheme (2024: \u00a30.3m<span class=\"_ _1\"></span>) are included <span class=\"_ _1\"></span>within operating lease income (no<span class=\"_ _1\"></span>te 6). There <span class=\"_ _1\"></span>was no o<span class=\"_ _1\"></span>ther subleasing of<span class=\"_ _1\"></span> right of<span class=\"_ _1\"></span> use assets and the <span class=\"_ _1\"></span>total cash <span class=\"_ _1\"></span>flows r<span class=\"_ _1\"></span>elating to leasing as a lessee <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e \u00a33.<span class=\"_ _0\"></span>1m (2024: \u00a33.0m).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "6. <span class=\"_ _39\"> </span>Net operating lease income <table class=\"s wdb hdc\" id=\"_fb6011a8-f80a-4f10-8374-a5c02a129ec0\"><tr><td></td><td></td><td class=\"c n x24e y3c5f w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3c5f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c60 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c60 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cb7 ff49 fs4 fc1 sc0 ls0 ws0\">Income<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 wdc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease r<span class=\"_ _1\"></span>entals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e4 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">21.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 wdd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maintenance income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e6 y3c97 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c97 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 wde hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating lease income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e8 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cb8 ff49 fs4 fc1 sc0 ls0 ws0\">Costs<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e wdf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of lease assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ea y3c4e w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x3eb y3c4e w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ec y3c4e w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(11.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 we0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maintenance salaries<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ed y3cb2 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ee y3cb2 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ef y3cb2 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 we1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other maintenance cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x39e y3c98 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f0 y3c98 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 we2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating lease costs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3f1 y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(25.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x39f y3c62 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(24.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w26 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net opera<span class=\"_ _1\"></span>ting lease income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3cd y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td></tr></table>7<span class=\"_ _0\"></span>.  <span class=\"_ _b4\"> </span>Other <span class=\"_ _33\"></span>income<span class=\"_ _393\"> </span><table class=\"s wcc he0\" id=\"_25c08460-0c5e-4822-b516-d1458838c9ae\"><tr><td></td><td class=\"c n x3cb y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 we3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan account f<span class=\"_ _1\"></span>ee income<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f2 y3c45 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f3 y3c45 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 we4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Brok<span class=\"_ _1\"></span>er commissions<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c62 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c62 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w29 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other income<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c48 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f4 y3c48 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr></table>All loan account fee income arises <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>financial assets held at amortised cost.<span class=\"_ _393\"> </span>8. <span class=\"_ _39\"> </span>Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span><table class=\"s we5 he1\" id=\"_4d51affa-66c0-419e-a6a1-93d1b8f34453\"><tr><td></td><td></td><td class=\"c n x3b9 y3c42 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c61 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 we6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Employment cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f5 y3c63 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f6 y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">110.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f7 y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e we7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Auditor remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f8 y3c4e w16 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f9 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fa y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f we8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank of England Levy<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3fb y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 we9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation of intangible asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c45 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fe y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of oper<span class=\"_ _1\"></span>ational assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x400 y3c62 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x402 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 web hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other administra<span class=\"_ _1\"></span>tive cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x403 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x404 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">55.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">179.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">179.2<span class=\"_ _393\"> </span></div></td></tr></table>The Bank of<span class=\"_ _1\"></span> England Le<span class=\"_ _1\"></span>vy<span class=\"_ _1\"></span> was intr<span class=\"_ _1\"></span>oduced fr<span class=\"_ _1\"></span>om 1 March 202<span class=\"_ _1\"></span>4. <span class=\"_ _1\"></span>Accounting standards r<span class=\"_ _0\"></span>equire that the L<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>vy is accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> in full on the first da<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> each annual L<span class=\"_ _1\"></span>evy<span class=\"_ _1\"></span> period. The Group incurr<span class=\"_ _1\"></span>ed no costs in r<span class=\"_ _1\"></span>espect of short<span class=\"_ _1\"></span>-term operating leases in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear (2024: none<span class=\"_ _0\"></span>).<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-414": {
   "value": "7<span class=\"_ _0\"></span>.  <span class=\"_ _b4\"> </span>Other <span class=\"_ _33\"></span>income<span class=\"_ _393\"> </span><table class=\"s wcc he0\" id=\"_25c08460-0c5e-4822-b516-d1458838c9ae\"><tr><td></td><td class=\"c n x3cb y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 we3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan account f<span class=\"_ _1\"></span>ee income<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f2 y3c45 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f3 y3c45 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 we4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Brok<span class=\"_ _1\"></span>er commissions<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c62 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c62 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w29 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other income<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c48 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f4 y3c48 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr></table>All loan account fee income arises <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>financial assets held at amortised cost.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-351": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs75\">8. <span class=\"_ _39\"> </span>Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span></div><div class=\"gs70\"><table class=\"s we5 he1\" id=\"_4d51affa-66c0-419e-a6a1-93d1b8f34453\"><tr><td></td><td></td><td class=\"c n x3b9 y3c42 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c61 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 we6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Employment cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f5 y3c63 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f6 y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">110.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f7 y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e we7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Auditor remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f8 y3c4e w16 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f9 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fa y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f we8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank of England Levy<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3fb y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 we9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation of intangible asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c45 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fe y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of oper<span class=\"_ _1\"></span>ational assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x400 y3c62 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x402 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 web hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other administra<span class=\"_ _1\"></span>tive cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x403 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x404 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">55.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">179.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">179.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs76\">The Bank of<span class=\"_ _1\"></span> England Le<span class=\"_ _1\"></span>vy<span class=\"_ _1\"></span> was intr<span class=\"_ _1\"></span>oduced fr<span class=\"_ _1\"></span>om 1 March 202<span class=\"_ _1\"></span>4. <span class=\"_ _1\"></span>Accounting standards r<span class=\"_ _0\"></span>equire that the L<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>vy is accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> in full on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs77\">the first da<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> each annual L<span class=\"_ _1\"></span>evy<span class=\"_ _1\"></span> period. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs78\">The Group incurr<span class=\"_ _1\"></span>ed no costs in r<span class=\"_ _1\"></span>espect of short<span class=\"_ _1\"></span>-term operating leases in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear (2024: none<span class=\"_ _0\"></span>).<span class=\"_ _393\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-415": {
   "value": "8. <span class=\"_ _39\"> </span>Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span><table class=\"s we5 he1\" id=\"_4d51affa-66c0-419e-a6a1-93d1b8f34453\"><tr><td></td><td></td><td class=\"c n x3b9 y3c42 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c61 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 we6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Employment cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f5 y3c63 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f6 y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">110.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f7 y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e we7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Auditor remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f8 y3c4e w16 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f9 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fa y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f we8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank of England Levy<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3fb y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 we9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation of intangible asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c45 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fe y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of oper<span class=\"_ _1\"></span>ational assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x400 y3c62 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x402 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 web hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other administra<span class=\"_ _1\"></span>tive cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x403 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x404 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">55.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">179.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">179.2<span class=\"_ _393\"> </span></div></td></tr></table>The Bank of<span class=\"_ _1\"></span> England Le<span class=\"_ _1\"></span>vy<span class=\"_ _1\"></span> was intr<span class=\"_ _1\"></span>oduced fr<span class=\"_ _1\"></span>om 1 March 202<span class=\"_ _1\"></span>4. <span class=\"_ _1\"></span>Accounting standards r<span class=\"_ _0\"></span>equire that the L<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>vy is accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> in full on the first da<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> each annual L<span class=\"_ _1\"></span>evy<span class=\"_ _1\"></span> period. The Group incurr<span class=\"_ _1\"></span>ed no costs in r<span class=\"_ _1\"></span>espect of short<span class=\"_ _1\"></span>-term operating leases in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear (2024: none<span class=\"_ _0\"></span>).<span class=\"_ _393\"> </span>9<span class=\"_ _1\"></span>.  <span class=\"_ _c7\"> </span>Auditor <span class=\"_ _190\"> </span>remuneration<span class=\"_ _393\"> </span>The analysis of<span class=\"_ _0\"></span> fees payable <span class=\"_ _1\"></span>to the Compan<span class=\"_ _1\"></span>y\u2019<span class=\"_ _0\"></span>s auditors (KPMG LLP) and their associat<span class=\"_ _1\"></span>es, excluding irr<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>erable <span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>, required by<span class=\"_ _1\"></span> the Companies (Disclosure of<span class=\"_ _0\"></span> Auditor R<span class=\"_ _1\"></span>emuneration and Liability<span class=\"_ _1\"></span> Limitation Agr<span class=\"_ _1\"></span>eements) R<span class=\"_ _1\"></span>egulations 2008 is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. <table class=\"s wec he2\" id=\"_cf360b0b-9f89-4e2e-9d94-58687404deee\"><tr><td></td><td class=\"c n x407 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x408 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x409 y3cae w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x40a y3cae w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Audit fee of the compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td><td class=\"c n x40b y3c41 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x40c y3c41 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cb9 ff49 fs4 fc1 sc0 ls0 ws0\">Other services<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 wee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Audit of subsidiary undertakings pursuan<span class=\"_ _1\"></span>t to legislation<span class=\"_ _393\"> </span></div></td><td class=\"c n x40d y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x40e y3c43 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 wef hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal audit f<span class=\"_ _1\"></span>ees<span class=\"_ _393\"> </span></div></td><td class=\"c n x40f y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x410 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3cba ff4a fs4 fc1 sc0 ls0 ws0\">Audit relat<span class=\"_ _1\"></span>ed assurance services<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c4f wf0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Interim review<span class=\"_ _393\"> </span></div></td><td class=\"c n x40f y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x410 y3c4f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c45 wb3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n x411 y3c45 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x412 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wf1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal f<span class=\"_ _1\"></span>ees<span class=\"_ _393\"> </span></div></td><td class=\"c n x413 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x414 y3c50 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 wf2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Irrecov<span class=\"_ _1\"></span>erable V<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _393\"> </span></div></td><td class=\"c n x415 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x416 y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wf3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal cos<span class=\"_ _1\"></span>t to the Group (not<span class=\"_ _1\"></span>e 8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x417 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x418 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr></table>F<span class=\"_ _0\"></span>ees paid to the auditors and <span class=\"_ _1\"></span>their associat<span class=\"_ _1\"></span>es for<span class=\"_ _1\"></span> non-audit services <span class=\"_ _1\"></span>to the Company<span class=\"_ _1\"></span> ar<span class=\"_ _1\"></span>e not disclosed because the consolidated accounts of <span class=\"_ _1\"></span>the Group ar<span class=\"_ _0\"></span>e required t<span class=\"_ _1\"></span>o disclose such fees on a consolidated basis.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "8. <span class=\"_ _39\"> </span>Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span><table class=\"s we5 he1\" id=\"_4d51affa-66c0-419e-a6a1-93d1b8f34453\"><tr><td></td><td></td><td class=\"c n x3b9 y3c42 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c61 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 we6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Employment cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f5 y3c63 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f6 y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">110.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f7 y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e we7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Auditor remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f8 y3c4e w16 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f9 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fa y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f we8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank of England Levy<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3fb y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 we9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation of intangible asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c45 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fe y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of oper<span class=\"_ _1\"></span>ational assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x400 y3c62 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x402 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 web hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other administra<span class=\"_ _1\"></span>tive cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x403 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x404 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">55.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">179.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">179.2<span class=\"_ _393\"> </span></div></td></tr></table>The Bank of<span class=\"_ _1\"></span> England Le<span class=\"_ _1\"></span>vy<span class=\"_ _1\"></span> was intr<span class=\"_ _1\"></span>oduced fr<span class=\"_ _1\"></span>om 1 March 202<span class=\"_ _1\"></span>4. <span class=\"_ _1\"></span>Accounting standards r<span class=\"_ _0\"></span>equire that the L<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>vy is accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> in full on the first da<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> each annual L<span class=\"_ _1\"></span>evy<span class=\"_ _1\"></span> period. The Group incurr<span class=\"_ _1\"></span>ed no costs in r<span class=\"_ _1\"></span>espect of short<span class=\"_ _1\"></span>-term operating leases in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear (2024: none<span class=\"_ _0\"></span>).<span class=\"_ _393\"> </span>9<span class=\"_ _1\"></span>.  <span class=\"_ _c7\"> </span>Auditor <span class=\"_ _190\"> </span>remuneration<span class=\"_ _393\"> </span>The analysis of<span class=\"_ _0\"></span> fees payable <span class=\"_ _1\"></span>to the Compan<span class=\"_ _1\"></span>y\u2019<span class=\"_ _0\"></span>s auditors (KPMG LLP) and their associat<span class=\"_ _1\"></span>es, excluding irr<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>erable <span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>, required by<span class=\"_ _1\"></span> the Companies (Disclosure of<span class=\"_ _0\"></span> Auditor R<span class=\"_ _1\"></span>emuneration and Liability<span class=\"_ _1\"></span> Limitation Agr<span class=\"_ _1\"></span>eements) R<span class=\"_ _1\"></span>egulations 2008 is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. <table class=\"s wec he2\" id=\"_cf360b0b-9f89-4e2e-9d94-58687404deee\"><tr><td></td><td class=\"c n x407 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x408 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x409 y3cae w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x40a y3cae w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Audit fee of the compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td><td class=\"c n x40b y3c41 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x40c y3c41 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cb9 ff49 fs4 fc1 sc0 ls0 ws0\">Other services<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 wee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Audit of subsidiary undertakings pursuan<span class=\"_ _1\"></span>t to legislation<span class=\"_ _393\"> </span></div></td><td class=\"c n x40d y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x40e y3c43 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 wef hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal audit f<span class=\"_ _1\"></span>ees<span class=\"_ _393\"> </span></div></td><td class=\"c n x40f y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x410 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3cba ff4a fs4 fc1 sc0 ls0 ws0\">Audit relat<span class=\"_ _1\"></span>ed assurance services<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c4f wf0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Interim review<span class=\"_ _393\"> </span></div></td><td class=\"c n x40f y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x410 y3c4f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c45 wb3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n x411 y3c45 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x412 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wf1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal f<span class=\"_ _1\"></span>ees<span class=\"_ _393\"> </span></div></td><td class=\"c n x413 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x414 y3c50 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 wf2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Irrecov<span class=\"_ _1\"></span>erable V<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _393\"> </span></div></td><td class=\"c n x415 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x416 y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wf3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal cos<span class=\"_ _1\"></span>t to the Group (not<span class=\"_ _1\"></span>e 8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x417 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x418 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr></table>F<span class=\"_ _0\"></span>ees paid to the auditors and <span class=\"_ _1\"></span>their associat<span class=\"_ _1\"></span>es for<span class=\"_ _1\"></span> non-audit services <span class=\"_ _1\"></span>to the Company<span class=\"_ _1\"></span> ar<span class=\"_ _1\"></span>e not disclosed because the consolidated accounts of <span class=\"_ _1\"></span>the Group ar<span class=\"_ _0\"></span>e required t<span class=\"_ _1\"></span>o disclose such fees on a consolidated basis.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "8. <span class=\"_ _39\"> </span>Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span><table class=\"s we5 he1\" id=\"_4d51affa-66c0-419e-a6a1-93d1b8f34453\"><tr><td></td><td></td><td class=\"c n x3b9 y3c42 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c61 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 we6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Employment cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f5 y3c63 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f6 y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">110.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f7 y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e we7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Auditor remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f8 y3c4e w16 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f9 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fa y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f we8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank of England Levy<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3fb y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 we9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation of intangible asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c45 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fe y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of oper<span class=\"_ _1\"></span>ational assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x400 y3c62 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x402 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 web hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other administra<span class=\"_ _1\"></span>tive cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x403 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x404 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">55.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">179.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">179.2<span class=\"_ _393\"> </span></div></td></tr></table>The Bank of<span class=\"_ _1\"></span> England Le<span class=\"_ _1\"></span>vy<span class=\"_ _1\"></span> was intr<span class=\"_ _1\"></span>oduced fr<span class=\"_ _1\"></span>om 1 March 202<span class=\"_ _1\"></span>4. <span class=\"_ _1\"></span>Accounting standards r<span class=\"_ _0\"></span>equire that the L<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>vy is accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> in full on the first da<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> each annual L<span class=\"_ _1\"></span>evy<span class=\"_ _1\"></span> period. The Group incurr<span class=\"_ _1\"></span>ed no costs in r<span class=\"_ _1\"></span>espect of short<span class=\"_ _1\"></span>-term operating leases in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear (2024: none<span class=\"_ _0\"></span>).<span class=\"_ _393\"> </span>9<span class=\"_ _1\"></span>.  <span class=\"_ _c7\"> </span>Auditor <span class=\"_ _190\"> </span>remuneration<span class=\"_ _393\"> </span>The analysis of<span class=\"_ _0\"></span> fees payable <span class=\"_ _1\"></span>to the Compan<span class=\"_ _1\"></span>y\u2019<span class=\"_ _0\"></span>s auditors (KPMG LLP) and their associat<span class=\"_ _1\"></span>es, excluding irr<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>erable <span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>, required by<span class=\"_ _1\"></span> the Companies (Disclosure of<span class=\"_ _0\"></span> Auditor R<span class=\"_ _1\"></span>emuneration and Liability<span class=\"_ _1\"></span> Limitation Agr<span class=\"_ _1\"></span>eements) R<span class=\"_ _1\"></span>egulations 2008 is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. <table class=\"s wec he2\" id=\"_cf360b0b-9f89-4e2e-9d94-58687404deee\"><tr><td></td><td class=\"c n x407 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x408 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x409 y3cae w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x40a y3cae w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Audit fee of the compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td><td class=\"c n x40b y3c41 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x40c y3c41 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cb9 ff49 fs4 fc1 sc0 ls0 ws0\">Other services<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 wee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Audit of subsidiary undertakings pursuan<span class=\"_ _1\"></span>t to legislation<span class=\"_ _393\"> </span></div></td><td class=\"c n x40d y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x40e y3c43 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 wef hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal audit f<span class=\"_ _1\"></span>ees<span class=\"_ _393\"> </span></div></td><td class=\"c n x40f y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x410 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3cba ff4a fs4 fc1 sc0 ls0 ws0\">Audit relat<span class=\"_ _1\"></span>ed assurance services<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c4f wf0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Interim review<span class=\"_ _393\"> </span></div></td><td class=\"c n x40f y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x410 y3c4f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c45 wb3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n x411 y3c45 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x412 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wf1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal f<span class=\"_ _1\"></span>ees<span class=\"_ _393\"> </span></div></td><td class=\"c n x413 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x414 y3c50 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 wf2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Irrecov<span class=\"_ _1\"></span>erable V<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _393\"> </span></div></td><td class=\"c n x415 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x416 y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wf3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal cos<span class=\"_ _1\"></span>t to the Group (not<span class=\"_ _1\"></span>e 8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x417 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x418 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr></table>F<span class=\"_ _0\"></span>ees paid to the auditors and <span class=\"_ _1\"></span>their associat<span class=\"_ _1\"></span>es for<span class=\"_ _1\"></span> non-audit services <span class=\"_ _1\"></span>to the Company<span class=\"_ _1\"></span> ar<span class=\"_ _1\"></span>e not disclosed because the consolidated accounts of <span class=\"_ _1\"></span>the Group ar<span class=\"_ _0\"></span>e required t<span class=\"_ _1\"></span>o disclose such fees on a consolidated basis.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-352": {
   "value": "9<span class=\"_ _1\"></span>.  <span class=\"_ _c7\"> </span>Auditor <span class=\"_ _190\"> </span>remuneration<span class=\"_ _393\"> </span>The analysis of<span class=\"_ _0\"></span> fees payable <span class=\"_ _1\"></span>to the Compan<span class=\"_ _1\"></span>y\u2019<span class=\"_ _0\"></span>s auditors (KPMG LLP) and their associat<span class=\"_ _1\"></span>es, excluding irr<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>erable <span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>, required by<span class=\"_ _1\"></span> the Companies (Disclosure of<span class=\"_ _0\"></span> Auditor R<span class=\"_ _1\"></span>emuneration and Liability<span class=\"_ _1\"></span> Limitation Agr<span class=\"_ _1\"></span>eements) R<span class=\"_ _1\"></span>egulations 2008 is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. <table class=\"s wec he2\" id=\"_cf360b0b-9f89-4e2e-9d94-58687404deee\"><tr><td></td><td class=\"c n x407 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x408 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x409 y3cae w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x40a y3cae w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 wed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Audit fee of the compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td><td class=\"c n x40b y3c41 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x40c y3c41 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cb9 ff49 fs4 fc1 sc0 ls0 ws0\">Other services<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 wee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Audit of subsidiary undertakings pursuan<span class=\"_ _1\"></span>t to legislation<span class=\"_ _393\"> </span></div></td><td class=\"c n x40d y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x40e y3c43 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 wef hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal audit f<span class=\"_ _1\"></span>ees<span class=\"_ _393\"> </span></div></td><td class=\"c n x40f y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x410 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3cba ff4a fs4 fc1 sc0 ls0 ws0\">Audit relat<span class=\"_ _1\"></span>ed assurance services<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c4f wf0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Interim review<span class=\"_ _393\"> </span></div></td><td class=\"c n x40f y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x410 y3c4f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c45 wb3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n x411 y3c45 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x412 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 wf1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal f<span class=\"_ _1\"></span>ees<span class=\"_ _393\"> </span></div></td><td class=\"c n x413 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x414 y3c50 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 wf2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Irrecov<span class=\"_ _1\"></span>erable V<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>T<span class=\"_ _393\"> </span></div></td><td class=\"c n x415 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x416 y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wf3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal cos<span class=\"_ _1\"></span>t to the Group (not<span class=\"_ _1\"></span>e 8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x417 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x418 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td></tr></table>F<span class=\"_ _0\"></span>ees paid to the auditors and <span class=\"_ _1\"></span>their associat<span class=\"_ _1\"></span>es for<span class=\"_ _1\"></span> non-audit services <span class=\"_ _1\"></span>to the Company<span class=\"_ _1\"></span> ar<span class=\"_ _1\"></span>e not disclosed because the consolidated accounts of <span class=\"_ _1\"></span>the Group ar<span class=\"_ _0\"></span>e required t<span class=\"_ _1\"></span>o disclose such fees on a consolidated basis.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-353": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs7a\">10. <span class=\"_ _a\"> </span>Loan impairments pr<span class=\"_ _1\"></span>ovisions char<span class=\"_ _1\"></span>ged <span class=\"_ _1\"></span>to income<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7b\">The amounts charged <span class=\"_ _1\"></span>to the pr<span class=\"_ _1\"></span>ofit and loss account in <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> are analy<span class=\"_ _1\"></span>sed as follow<span class=\"_ _1\"></span>s.<span class=\"_ _393\"> </span></div><div class=\"gs7c\"><table class=\"s wf4 he3\" id=\"_7e7bb2cf-3b2a-4780-8e88-aa4f82299613\"><tr><td></td><td class=\"t m0 x419 h4e y3cbb ff49 fs4 fc1 sc0 ls0 ws0\">Mortgage </td><td class=\"t m0 x315 h4e y3cbb ff49 fs4 fc1 sc0 ls0 ws0\">Commercial </td><td class=\"t m0 x316 h4e y3cbb ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x318 h4e y3cbc ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x41a h4e y3cbc ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x1f0 y3cbd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3cbd w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x41b y3cbd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cbe ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cbf wf5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Provided in period (note 21)<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3cbf w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3cbf w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x41d y3cbf w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">42.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc0 wf6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Recov<span class=\"_ _1\"></span>ery of written of<span class=\"_ _1\"></span>f amounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x41e y3cc0 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x398 y3cc0 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x41f y3cc0 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x420 y3cc1 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x421 y3cc1 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x422 y3cc1 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3cc2 wf7 he4\"><div class=\"t m0 x19e h52 y3c6a ff4a fs4 fc1 sc0 ls0 ws0\">Of which<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x423 y3cc2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3cc2 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">33.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x425 y3cc2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">40.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc3 wc3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n x426 y3cc3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3cc3 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3cc3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x420 y3cc4 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x421 y3cc4 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x422 y3cc4 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cc5 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc6 wf5 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Provided in period (note 21)<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3cc6 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3cc6 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">20.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x42a y3cc6 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">26.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc7 wf6 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Recov<span class=\"_ _1\"></span>ery of written of<span class=\"_ _1\"></span>f amounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x41e y3cc7 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x42b y3cc7 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x42c y3cc7 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x420 y3cc8 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x42d y3cc8 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">18.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x42e y3cc8 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3cca wf7 he5\"><div class=\"t m0 x19e h52 y3cc9 ff4a fs4 fc1 sc0 ls0 ws0\">Of which<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loan accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x423 y3cca w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x42f y3cca w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">17.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x430 y3cca w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">23.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb wc3 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n x426 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3ccb w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x431 y3ccb w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x420 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x42d y3ccc w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">18.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x42e y3ccc w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">24.5</div></td></tr></table></div>",
   "dimensions": {
    "concept": "paragonbankingplc:DisclosureOfLoansImpairmentsProvisionsChargedCreditedToIncome",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-354": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs7e\">11. <span class=\"_ _b7\"> </span>F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alue net (losses<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs70\"><table class=\"s wf8 he6\" id=\"_3b8b2499-32c7-4b12-bf4d-4355d163b79e\"><tr><td></td><td class=\"c n x36b y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c40 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c40 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3ccd ff4a fs4 fc1 sc0 ls0 ws0\">Ineff<span class=\"_ _1\"></span>ectiveness of f<span class=\"_ _1\"></span>air value hedges (note 24)</td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3cce ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Portfolio hedges of int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ate risk<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x432 y3c61 wf9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Deposit <span class=\"_ _24c\"></span>hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x433 y3c61 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x432 y3c63 wfa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Loan <span class=\"_ _24c\"></span>hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x435 y3c63 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x437 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 wfb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Individual hedges of inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>ate risk<span class=\"_ _393\"> </span></div></td><td class=\"c n x438 y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x439 y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x437 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wfc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other hedging movements<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c62 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(27.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x371 y3c62 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(26.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wfd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net gain / (loss) on other deriv<span class=\"_ _1\"></span>atives<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43a y3c65 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wfe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal net (loss)<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c48 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(11.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x371 y3c48 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(38.9)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7f\">The fair<span class=\"_ _0\"></span> value net (loss<span class=\"_ _1\"></span>) repr<span class=\"_ _1\"></span>esents the accounting <span class=\"_ _1\"></span>volatility<span class=\"_ _1\"></span> on derivativ<span class=\"_ _1\"></span>e instruments which ar<span class=\"_ _1\"></span>e matching risk exposur<span class=\"_ _1\"></span>es on an </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs80\">economic basis, generated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 39<span class=\"_ _1\"></span>. Some accounting v<span class=\"_ _1\"></span>olatility arises on <span class=\"_ _1\"></span>these items due to accounting </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs81\">ineffectiveness on designat<span class=\"_ _1\"></span>ed hedges, or<span class=\"_ _1\"></span> because hedge accounting has not been adopt<span class=\"_ _1\"></span>ed or is not achie<span class=\"_ _1\"></span>vable on certain it<span class=\"_ _1\"></span>ems. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs82\">F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alue movements on deriv<span class=\"_ _1\"></span>atives <span class=\"_ _1\"></span>which are no<span class=\"_ _1\"></span>t part of<span class=\"_ _1\"></span> hedge f<span class=\"_ _1\"></span>or accounting purposes ar<span class=\"_ _1\"></span>e shown as \u2018net g<span class=\"_ _1\"></span>ain / (loss) on other<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs83\">derivativ<span class=\"_ _1\"></span>es\u2019 abov<span class=\"_ _1\"></span>e. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs84\">The losses and gains ar<span class=\"_ _1\"></span>e primarily due <span class=\"_ _1\"></span>to timing diff<span class=\"_ _1\"></span>erences in income r<span class=\"_ _1\"></span>ecognition between <span class=\"_ _1\"></span>the derivativ<span class=\"_ _1\"></span>e instruments and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs85\">economically hedg<span class=\"_ _1\"></span>ed assets and liabilities. Such differ<span class=\"_ _1\"></span>ences will r<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>se over<span class=\"_ _0\"></span> time and have no impact on <span class=\"_ _1\"></span>the cash flow<span class=\"_ _1\"></span>s of <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs86\">The impact of<span class=\"_ _1\"></span> hedging arrangements on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s balance sheet is summarised in note 24 <span class=\"_ _1\"></span>which also pro<span class=\"_ _1\"></span>vides a full description o<span class=\"_ _1\"></span>f </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs87\">the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s use of deriv<span class=\"_ _1\"></span>ative <span class=\"_ _1\"></span>financial instruments for<span class=\"_ _1\"></span> hedging purposes.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs32e\">24. <span class=\"_ _33\"></span>Derivative <span class=\"_ _1\"></span>financial instruments and hedg<span class=\"_ _1\"></span>e accounting<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs32f\">Introduction<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs330\">The Group uses deriv<span class=\"_ _1\"></span>ative <span class=\"_ _1\"></span>financial instruments such as interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>aps for<span class=\"_ _1\"></span> risk management<span class=\"_ _1\"></span> purposes only<span class=\"_ _1\"></span>. Each such derivativ<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs331\">contract is enter<span class=\"_ _1\"></span>ed into f<span class=\"_ _1\"></span>or economic hedging purposes <span class=\"_ _1\"></span>to manage a particular<span class=\"_ _1\"></span> identified risk (as described in no<span class=\"_ _1\"></span>tes 58 to 61) and an<span class=\"_ _1\"></span>y </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs332\">gains or<span class=\"_ _1\"></span> losses arising are incidental <span class=\"_ _1\"></span>to this objectiv<span class=\"_ _1\"></span>e. No trading in deriv<span class=\"_ _1\"></span>ative financial instruments is undertak<span class=\"_ _1\"></span>en.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs333\">Hedge accounting is applied wher<span class=\"_ _1\"></span>e appr<span class=\"_ _1\"></span>opriate, though some deriv<span class=\"_ _1\"></span>atives, <span class=\"_ _1\"></span>while forming part o<span class=\"_ _1\"></span>f an economic hedge r<span class=\"_ _1\"></span>elationship, do </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs334\">not qualify<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> this accounting <span class=\"_ _1\"></span>treatment under<span class=\"_ _0\"></span> the IAS 39 rules, particularly <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the hedged risk r<span class=\"_ _1\"></span>elates t<span class=\"_ _1\"></span>o an off balance shee<span class=\"_ _1\"></span>t </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs335\">item. In other<span class=\"_ _1\"></span> cases, hedge accounting has not been adopt<span class=\"_ _1\"></span>ed either because natural accounting o<span class=\"_ _1\"></span>ffsets are e<span class=\"_ _1\"></span>xpected or because </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs336\">complying with <span class=\"_ _1\"></span>the IAS 39 hedge accounting rules <span class=\"_ _1\"></span>would be particularly<span class=\"_ _1\"></span> onerous.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs337\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s hedging arrangements can be analy<span class=\"_ _1\"></span>sed for<span class=\"_ _1\"></span> accounting purposes between:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs338\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alue hedges of<span class=\"_ _1\"></span> portfolio inter<span class=\"_ _1\"></span>est rate risk, <span class=\"_ _1\"></span>which are used <span class=\"_ _1\"></span>to manage <span class=\"_ _1\"></span>the interest<span class=\"_ _1\"></span> rate risk inher<span class=\"_ _1\"></span>ent in fix<span class=\"_ _1\"></span>ed rate lending and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gs339\">deposit taking<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs33a\">\u2022 <span class=\"_ _6\"> </span>F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alue hedges of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk r<span class=\"_ _1\"></span>elating to individual <span class=\"_ _1\"></span>financial assets or<span class=\"_ _1\"></span> liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs33b\">An economic hedge of<span class=\"_ _1\"></span> the inter<span class=\"_ _1\"></span>est rate risk<span class=\"_ _1\"></span> in fixed r<span class=\"_ _1\"></span>ate lending must also addr<span class=\"_ _1\"></span>ess pipeline exposures, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>future lending at a giv<span class=\"_ _1\"></span>en </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs33c\">fixed rat<span class=\"_ _1\"></span>e is anticipated. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, such pre-hedging arrang<span class=\"_ _1\"></span>ements do not qualify<span class=\"_ _1\"></span> as hedges for<span class=\"_ _0\"></span> accounting purposes.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs33d\">In addition, the Gr<span class=\"_ _1\"></span>oup utilises currenc<span class=\"_ _1\"></span>y deriv<span class=\"_ _1\"></span>atives t<span class=\"_ _1\"></span>o hedge its exposur<span class=\"_ _1\"></span>e on the small amount of<span class=\"_ _0\"></span> its lending denominated in foreign </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs33e\">currencies. <span class=\"_ _1\"></span>These ar<span class=\"_ _1\"></span>e not tr<span class=\"_ _0\"></span>eated as hedges for<span class=\"_ _1\"></span> accounting purposes due to <span class=\"_ _1\"></span>the low le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f exposur<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs33f\">While the Gr<span class=\"_ _1\"></span>oup utilises economic hedging strategies t<span class=\"_ _1\"></span>o mitigate the impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the changes in mark<span class=\"_ _1\"></span>et inter<span class=\"_ _1\"></span>est rates on its capital </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs340\">base, these activities do not giv<span class=\"_ _1\"></span>e rise to accounting entries.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs341\">The analysis belo<span class=\"_ _1\"></span>w splits deriv<span class=\"_ _1\"></span>atives between <span class=\"_ _1\"></span>those accounted f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>within portfolio f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value hedg<span class=\"_ _1\"></span>es and those <span class=\"_ _1\"></span>which, despite </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs342\">repr<span class=\"_ _1\"></span>esenting an economic hedge, ar<span class=\"_ _1\"></span>e not accounted f<span class=\"_ _1\"></span>or as hedg<span class=\"_ _1\"></span>es. </div><div class=\"gs343\"><table class=\"s w14f hfe\" id=\"_42cd9ca8-a940-4b47-a359-944a1b190546\"><tr><td></td><td class=\"c n x4e2 y3d35 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3d35 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3d35 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3d35 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7a7 y3cb3 w1da hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a8 y3cb3 w1db hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a9 y3cb3 w1dc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x7aa y3cb3 w1dd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Liabilities<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c5d w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c5d w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c5d w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c5d w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d36 ff49 fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>es in hedge accounting r<span class=\"_ _1\"></span>elationships<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h94 y3d37 ff66 fs4 fc1 sc0 ls0 ws0\">Fair value portf<span class=\"_ _1\"></span>olio hedges<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3d38 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te swap<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c5f w1de hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fixed to floating<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ab y3c5f w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">101.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ac y3c5f w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(34.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ad y3c5f w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">216.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ae y3c5f w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(44.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c60 w1de hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Floating to fixed<span class=\"_ _393\"> </span></div></td><td class=\"c n x7af y3c60 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">92.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b0 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b1 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">123.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b2 y3c60 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w1df hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal deriv<span class=\"_ _1\"></span>atives in portf<span class=\"_ _1\"></span>olio fair value hedging r<span class=\"_ _1\"></span>elationships<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b3 y3c40 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">193.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b4 y3c40 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(36.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b5 y3c40 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">340.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b6 y3c40 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(46.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h94 y3d39 ff66 fs4 fc1 sc0 ls0 ws0\">Individual fair value hedges<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c61 w1de hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fixed to floating<span class=\"_ _393\"> </span></div></td><td class=\"c n x7af y3c61 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b7 y3c61 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b8 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b9 y3c61 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c63 w1de hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Floating to fixed<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ba y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7bb y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7bc y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x7bd y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w1e0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal deriv<span class=\"_ _1\"></span>atives in hedge accoun<span class=\"_ _1\"></span>ting relationships<span class=\"_ _393\"> </span></div></td><td class=\"c n x698 y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">234.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x7be y3c4e w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(36.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7bf y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">346.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c0 y3c4e w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(54.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d3a ff49 fs4 fc1 sc0 ls0 ws0\">Other derivativ<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w1e1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te swap<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c1 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c2 y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(31.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c3 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c4 y3c62 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(44.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w1e2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Currency futures<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c5 y3c65 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c6 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c7 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c8 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1e3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal r<span class=\"_ _1\"></span>ecognised derivativ<span class=\"_ _1\"></span>e assets / (liabilities)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c9 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ca y3c48 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(68.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7cb y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x7cc y3c48 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(99.7)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs344\">The credit<span class=\"_ _1\"></span> risk inherent in <span class=\"_ _1\"></span>the derivativ<span class=\"_ _1\"></span>e financial assets sho<span class=\"_ _1\"></span>wn above is discussed in no<span class=\"_ _1\"></span>te 59<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs346\">The balances held on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s balance sheet relating t<span class=\"_ _1\"></span>o the hedging of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk on its <span class=\"_ _1\"></span>fixed rate cust<span class=\"_ _1\"></span>omer loan and deposit </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs347\">balances are summarised belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs348\"><table class=\"s w139 hff\" id=\"_f71c72f0-0b21-40f1-ad90-60a38c362c12\"><tr><td></td><td></td><td class=\"c n x7cd y3c39 w1e4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _e1\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x7ce y3c39 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c3a w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c3a w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3b ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x260 y3c5e w1e5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x7cf y3c5e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c5e w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c3c w1e6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3eb y3c3c w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(68.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ec y3c3c w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(99.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3de y3c3d w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">207.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c3d w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">292.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3c ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue hedging adjustments<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c60 w1e7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">On loans to customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c2 y3c60 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d0 y3c60 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d1 y3c60 w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(75.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w1e8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">On inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c40 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d2 y3c40 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(26.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d3 y3c40 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w1e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">On retail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c41 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d4 y3c41 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d5 y3c41 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w1ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">On borrowings<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x7d6 y3c42 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d7 y3c42 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x7d8 y3c43 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(37.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d9 y3c43 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(84.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w1eb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net balance sheet position<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e0 y3c4e w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">169.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">207.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3d ff4a fs4 fc1 sc0 ls0 ws0\">Collater<span class=\"_ _1\"></span>al balances<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c50 w1ec hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Posted (in sundry assets)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7da y3c50 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n x558 y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7db y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c65 w1ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Received (in sundry liabilities)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7dc y3c65 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n x7dd y3c65 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(189.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7de y3c65 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(103.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x7df y3c48 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(189.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e0 y3c48 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(103.6)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs349\">(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>F<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alue macro hedges<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs34a\">Background and hedging objectives<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs34b\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges of<span class=\"_ _1\"></span> portfolios o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est rate risk (\u2018macr<span class=\"_ _0\"></span>o hedges\u2019) arise fr<span class=\"_ _1\"></span>om its management of<span class=\"_ _1\"></span> the inter<span class=\"_ _1\"></span>est rate risk<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs34c\">inherent in its <span class=\"_ _1\"></span>fixed rat<span class=\"_ _1\"></span>e lending and deposit-taking activities. <span class=\"_ _1\"></span>These activities w<span class=\"_ _1\"></span>ould expose the Gr<span class=\"_ _1\"></span>oup t<span class=\"_ _1\"></span>o movement in mark<span class=\"_ _0\"></span>et </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs34d\">interest r<span class=\"_ _1\"></span>ates if no<span class=\"_ _1\"></span>t hedged. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs34e\">This position arises naturally<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e fix<span class=\"_ _1\"></span>ed rate loans ar<span class=\"_ _1\"></span>e funded with <span class=\"_ _1\"></span>floating or <span class=\"_ _1\"></span>variable r<span class=\"_ _1\"></span>ate borro<span class=\"_ _1\"></span>wings, but may<span class=\"_ _1\"></span> also arise wher<span class=\"_ _1\"></span>e retail </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs34f\">deposit funding is used. <span class=\"_ _1\"></span>Where possible <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>takes adv<span class=\"_ _1\"></span>antage of<span class=\"_ _1\"></span> natural hedging betw<span class=\"_ _1\"></span>een fix<span class=\"_ _1\"></span>ed rate assets and deposits, but </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs350\">it is unlikely<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> a precise match <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and tenor<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the instruments could be achie<span class=\"_ _1\"></span>ved leaving unmatched items on bo<span class=\"_ _1\"></span>th sides. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs351\">This is re<span class=\"_ _1\"></span>ferred <span class=\"_ _1\"></span>to as r<span class=\"_ _1\"></span>epricing or duration risk<span class=\"_ _1\"></span> and is controlled <span class=\"_ _1\"></span>within limits under <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s interest r<span class=\"_ _1\"></span>ate risk management pr<span class=\"_ _1\"></span>ocess, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs352\">described in note 59<span class=\"_ _1\"></span>. In order<span class=\"_ _1\"></span> to manag<span class=\"_ _1\"></span>e these exposur<span class=\"_ _1\"></span>es, the<span class=\"_ _1\"></span>y ar<span class=\"_ _0\"></span>e hedged with financial derivativ<span class=\"_ _1\"></span>es and f<span class=\"_ _1\"></span>orm part of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs353\">portfolio hedging arrangements. Dur<span class=\"_ _1\"></span>ation risk is monitor<span class=\"_ _1\"></span>ed regularly<span class=\"_ _1\"></span> to ensur<span class=\"_ _1\"></span>e mismatches or<span class=\"_ _1\"></span> gaps remain <span class=\"_ _1\"></span>within limits set b<span class=\"_ _1\"></span>y policy<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs354\">Responsibility<span class=\"_ _1\"></span> to dir<span class=\"_ _1\"></span>ect and ov<span class=\"_ _1\"></span>ersee structural inter<span class=\"_ _1\"></span>est rate risk manag<span class=\"_ _1\"></span>ement has been delegated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Board <span class=\"_ _1\"></span>to the Ex<span class=\"_ _1\"></span>ecutive Risk </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs355\">Committee (\u2018ERC\u2019) and by<span class=\"_ _1\"></span> ERC to <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>Asset and Liability Committ<span class=\"_ _1\"></span>ee (\u2018<span class=\"_ _0\"></span>ALCO\u2019). <span class=\"_ _0\"></span>A hedging strategy<span class=\"_ _1\"></span> is dev<span class=\"_ _1\"></span>eloped for<span class=\"_ _1\"></span> each fix<span class=\"_ _1\"></span>ed product </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs356\">considering behavioural characteristics, such as <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> a customer<span class=\"_ _1\"></span> is likely<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>epay<span class=\"_ _1\"></span> befor<span class=\"_ _1\"></span>e contractual maturity<span class=\"_ _0\"></span>. This is re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gs357\">from time to time with any<span class=\"_ _1\"></span> changes agreed with AL<span class=\"_ _0\"></span>CO.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs358\">In order<span class=\"_ _1\"></span> to manag<span class=\"_ _1\"></span>e potential exposur<span class=\"_ _1\"></span>e to chang<span class=\"_ _1\"></span>es in interest r<span class=\"_ _1\"></span>ates between <span class=\"_ _1\"></span>the point at which <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate products ar<span class=\"_ _1\"></span>e priced and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs359\">advance date, it ma<span class=\"_ _1\"></span>y be necessary<span class=\"_ _1\"></span> to undertak<span class=\"_ _0\"></span>e pre-hedging of assets in <span class=\"_ _1\"></span>the pipeline. Interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>aps used to pr<span class=\"_ _1\"></span>e-hedge pipeline </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs35a\">loan exposures, <span class=\"_ _1\"></span>which are no<span class=\"_ _1\"></span>t y<span class=\"_ _1\"></span>et r<span class=\"_ _1\"></span>ecognised on the balance sheet, can cause unmatched <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value costs or<span class=\"_ _0\"></span> credits to arise until </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs35b\">both sides of<span class=\"_ _1\"></span> the hedge can be r<span class=\"_ _1\"></span>ecognised within <span class=\"_ _1\"></span>the inter<span class=\"_ _1\"></span>est rate portfolio hedging arr<span class=\"_ _1\"></span>angement, generally<span class=\"_ _1\"></span> a f<span class=\"_ _1\"></span>ew<span class=\"_ _1\"></span> months after <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs35c\">inception of<span class=\"_ _1\"></span> the deriv<span class=\"_ _1\"></span>ative contract.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs35d\">In managing interest r<span class=\"_ _1\"></span>ate exposur<span class=\"_ _1\"></span>e, T<span class=\"_ _e\"></span>reasury ma<span class=\"_ _1\"></span>y use inter<span class=\"_ _1\"></span>est rate s<span class=\"_ _1\"></span>waps, <span class=\"_ _1\"></span>forwar<span class=\"_ _1\"></span>d rate agr<span class=\"_ _1\"></span>eements, swap<span class=\"_ _1\"></span>tions or inter<span class=\"_ _1\"></span>est rate caps </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs35e\">and floors. How<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, interest rate s<span class=\"_ _1\"></span>waps ar<span class=\"_ _1\"></span>e the most gener<span class=\"_ _1\"></span>ally used instruments.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs35f\">This policy<span class=\"_ _1\"></span> creates <span class=\"_ _1\"></span>two macr<span class=\"_ _1\"></span>o hedges:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs360\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The \u2018loan hedge<span class=\"_ _1\"></span>\u2019 matching <span class=\"_ _1\"></span>fixed rate buy<span class=\"_ _1\"></span>-to-let mortg<span class=\"_ _1\"></span>age assets, or<span class=\"_ _1\"></span> other <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate assets, with inter<span class=\"_ _1\"></span>est rate s<span class=\"_ _1\"></span>waps <span class=\"_ _1\"></span>to convert<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs361\">interest r<span class=\"_ _0\"></span>eceivable to a floating r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs362\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The \u2018<span class=\"_ _1\"></span>deposit hedge<span class=\"_ _1\"></span>\u2019 matching fix<span class=\"_ _1\"></span>ed rate deposits <span class=\"_ _1\"></span>with interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>aps which operat<span class=\"_ _1\"></span>es in the opposite dir<span class=\"_ _1\"></span>ection, converting <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs363\">fixed rat<span class=\"_ _1\"></span>e interest pa<span class=\"_ _1\"></span>yable <span class=\"_ _1\"></span>to floating rate amounts<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs364\">During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup has continued to hedg<span class=\"_ _1\"></span>e interest r<span class=\"_ _1\"></span>ate risk on fix<span class=\"_ _1\"></span>ed rate CBILS and BBL<span class=\"_ _1\"></span>S exposures using SONIA-link<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs365\">balance guaranteed sw<span class=\"_ _1\"></span>aps, which ar<span class=\"_ _1\"></span>e included in the loan hedg<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs367\">The designation of<span class=\"_ _1\"></span> the macr<span class=\"_ _1\"></span>o hedges is updated, on a month-b<span class=\"_ _1\"></span>y-month basis, using softwar<span class=\"_ _1\"></span>e which compar<span class=\"_ _0\"></span>es the overall <span class=\"_ _1\"></span>tenor<span class=\"_ _0\"></span>, value </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs368\">and rate positions in or<span class=\"_ _1\"></span>der <span class=\"_ _1\"></span>that the expect<span class=\"_ _1\"></span>ed fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue movement<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the designated sw<span class=\"_ _1\"></span>aps matches the e<span class=\"_ _1\"></span>xpected interest<span class=\"_ _1\"></span> rate risk </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs369\">related mo<span class=\"_ _1\"></span>vement in <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant assets or<span class=\"_ _1\"></span> liabilities as closely as possible o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the designation period. <span class=\"_ _1\"></span>The softw<span class=\"_ _1\"></span>are </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs36a\">applies regr<span class=\"_ _1\"></span>ession analysis <span class=\"_ _1\"></span>techniques to <span class=\"_ _1\"></span>the potential impact of<span class=\"_ _0\"></span> changes in expected interest r<span class=\"_ _1\"></span>ates over<span class=\"_ _0\"></span> the designation period </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs36b\">to maximise expected hedge e<span class=\"_ _1\"></span>ffectiveness on a pr<span class=\"_ _1\"></span>ospective basis. <span class=\"_ _1\"></span>The <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the portf<span class=\"_ _1\"></span>olio of loans or<span class=\"_ _0\"></span> deposits selected is then </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs36c\">designated, as a monetary<span class=\"_ _1\"></span> amount of int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e risk, as the hedged it<span class=\"_ _1\"></span>em, while the portf<span class=\"_ _1\"></span>olio of<span class=\"_ _1\"></span> swaps selected ar<span class=\"_ _0\"></span>e designated as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs36d\">the hedging instruments.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs36e\">Any<span class=\"_ _1\"></span> swaps no<span class=\"_ _1\"></span>t selected in this pr<span class=\"_ _1\"></span>ocess are disclosed as deriv<span class=\"_ _1\"></span>atives not<span class=\"_ _1\"></span> in hedging relationships. <span class=\"_ _1\"></span>These will g<span class=\"_ _1\"></span>enerally<span class=\"_ _1\"></span> be swaps <span class=\"_ _1\"></span>taken </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs36f\">out to pr<span class=\"_ _1\"></span>e-hedge <span class=\"_ _1\"></span>the pipeline of <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate mortgage off<span class=\"_ _1\"></span>ers, which <span class=\"_ _1\"></span>will match with <span class=\"_ _1\"></span>the relat<span class=\"_ _1\"></span>ed loans when <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> complete.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs370\">At <span class=\"_ _1\"></span>the end of each designation period <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>will assess the e<span class=\"_ _1\"></span>ffectiveness of<span class=\"_ _0\"></span> each hedge retrospectiv<span class=\"_ _1\"></span>ely<span class=\"_ _0\"></span>, based on fair <span class=\"_ _1\"></span>value </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs371\">movements (<span class=\"_ _1\"></span>relating <span class=\"_ _1\"></span>to inter<span class=\"_ _1\"></span>est rate risk components only<span class=\"_ _1\"></span>) which ha<span class=\"_ _1\"></span>ve occurr<span class=\"_ _1\"></span>ed in the period. Mo<span class=\"_ _1\"></span>vements ar<span class=\"_ _1\"></span>e compared <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs372\">pre-determined <span class=\"_ _1\"></span>test <span class=\"_ _1\"></span>thresholds using r<span class=\"_ _1\"></span>egression <span class=\"_ _1\"></span>techniques t<span class=\"_ _1\"></span>o determine whether<span class=\"_ _0\"></span> the hedge w<span class=\"_ _1\"></span>as effective in <span class=\"_ _1\"></span>the period.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs373\">Potential sour<span class=\"_ _1\"></span>ces of<span class=\"_ _1\"></span> ineffectiveness<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs374\">The Group has identified <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>ollowing possible sources o<span class=\"_ _1\"></span>f hedg<span class=\"_ _1\"></span>e ineffectiveness in its portf<span class=\"_ _1\"></span>olio hedges of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate risk:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs375\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The maturity<span class=\"_ _1\"></span> profile o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging instruments may<span class=\"_ _1\"></span> not exactly<span class=\"_ _1\"></span> match that o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedged items, particularly<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e hedged items </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs376\">settle early<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs377\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The use of<span class=\"_ _1\"></span> derivativ<span class=\"_ _1\"></span>es as a hedge of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk additionally<span class=\"_ _1\"></span> exposes the Gr<span class=\"_ _0\"></span>oup to the derivativ<span class=\"_ _1\"></span>e counterparties\u2019 cr<span class=\"_ _1\"></span>edit risk, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs378\">which is not matched in <span class=\"_ _1\"></span>the hedged item. <span class=\"_ _1\"></span>This risk is minimised b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>transacting only <span class=\"_ _1\"></span>with high quality count<span class=\"_ _1\"></span>erparties and thr<span class=\"_ _1\"></span>ough </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs379\">collateralisation arrang<span class=\"_ _1\"></span>ements (as described in note 59<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs37a\">\u2022 <span class=\"_ _6\"> </span>The use of<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent discounting curves in measuring <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value chang<span class=\"_ _1\"></span>es in the hedged it<span class=\"_ _1\"></span>ems and hedging instruments<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs37b\">\u2022 <span class=\"_ _6\"> </span>Differ<span class=\"_ _1\"></span>ence in the <span class=\"_ _1\"></span>timing of int<span class=\"_ _1\"></span>erest pa<span class=\"_ _1\"></span>yments on the hedged items and se<span class=\"_ _1\"></span>ttlements on the hedging instruments<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs37c\">These sources o<span class=\"_ _1\"></span>f ineff<span class=\"_ _1\"></span>ectiveness ar<span class=\"_ _1\"></span>e minimised by<span class=\"_ _1\"></span> the portfolio matching pr<span class=\"_ _0\"></span>ocess, which seeks to match <span class=\"_ _1\"></span>the terms of<span class=\"_ _0\"></span> the items as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs37d\">closely as possible.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs37e\">In addition to <span class=\"_ _1\"></span>the hedging ineffectiv<span class=\"_ _1\"></span>eness described above, gr<span class=\"_ _1\"></span>oup pro<span class=\"_ _1\"></span>fit will also be aff<span class=\"_ _1\"></span>ected by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value mo<span class=\"_ _1\"></span>vements of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs37f\">rate sw<span class=\"_ _1\"></span>ap agreements <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ere enter<span class=\"_ _1\"></span>ed into as part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s interest rate risk<span class=\"_ _1\"></span> hedging strategy<span class=\"_ _1\"></span> but failed <span class=\"_ _1\"></span>to find a match in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs380\">the hedging portfolio, particularly<span class=\"_ _1\"></span> those r<span class=\"_ _1\"></span>elating to <span class=\"_ _1\"></span>the pre-hedging o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the lending pipeline.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs381\">Hedging Instruments<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs382\">The hedging portfolios at 30 Sept<span class=\"_ _1\"></span>ember 2025 and 30 Sept<span class=\"_ _1\"></span>ember 2024 consist o<span class=\"_ _1\"></span>f a lar<span class=\"_ _1\"></span>ge number o<span class=\"_ _1\"></span>f sterling denominat<span class=\"_ _1\"></span>ed swaps. In </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs383\">addition, ther<span class=\"_ _1\"></span>e are a small number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> Balance Guarantee Sw<span class=\"_ _1\"></span>aps (\u2018BGS\u2019) in place at both dates. Settlement on all s<span class=\"_ _1\"></span>waps is g<span class=\"_ _1\"></span>enerally </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs384\">quarterly (<span class=\"_ _1\"></span>monthly <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> BGS) wher<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs385\">\u2022 <span class=\"_ _6\"> </span>One payment is calculated based on a <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate of int<span class=\"_ _1\"></span>erest and <span class=\"_ _1\"></span>the nominal v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the sw<span class=\"_ _1\"></span>ap<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs386\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>An opposite payment is calculat<span class=\"_ _1\"></span>ed based on the same nominal <span class=\"_ _1\"></span>value but using a <span class=\"_ _1\"></span>floating interest r<span class=\"_ _1\"></span>ate set at a <span class=\"_ _1\"></span>fixed margin o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs387\">SONIA r<span class=\"_ _1\"></span>efer<span class=\"_ _1\"></span>ence rate<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs388\">On the BGS <span class=\"_ _1\"></span>the nominal v<span class=\"_ _1\"></span>alue of <span class=\"_ _1\"></span>the sw<span class=\"_ _1\"></span>ap is linked <span class=\"_ _1\"></span>to the principal <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f a pool of<span class=\"_ _1\"></span> assets and r<span class=\"_ _1\"></span>educes in line with r<span class=\"_ _1\"></span>edemptions and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs389\">repa<span class=\"_ _1\"></span>yments until maturity<span class=\"_ _1\"></span>. Other int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e swaps ha<span class=\"_ _1\"></span>ve a fix<span class=\"_ _1\"></span>ed nominal v<span class=\"_ _1\"></span>alue thr<span class=\"_ _1\"></span>oughout <span class=\"_ _1\"></span>their liv<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs38a\">The Group pa<span class=\"_ _1\"></span>ys <span class=\"_ _1\"></span>fixed rate and r<span class=\"_ _1\"></span>eceives <span class=\"_ _1\"></span>floating rate <span class=\"_ _1\"></span>when hedging exposures <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>fixed rate asse<span class=\"_ _1\"></span>ts (in the loan hedge<span class=\"_ _1\"></span>). Conv<span class=\"_ _1\"></span>ersely<span class=\"_ _1\"></span>, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs38b\">the Group pa<span class=\"_ _1\"></span>ys floating r<span class=\"_ _1\"></span>ate and receiv<span class=\"_ _1\"></span>es fixed r<span class=\"_ _1\"></span>ate when hedging <span class=\"_ _1\"></span>fixed rat<span class=\"_ _1\"></span>e deposits, in the deposit hedge.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs38d\">The principal terms o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging instruments are set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>, analysed betw<span class=\"_ _1\"></span>een the <span class=\"_ _1\"></span>two dir<span class=\"_ _1\"></span>ections of <span class=\"_ _1\"></span>the sw<span class=\"_ _1\"></span>ap.<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w1ee h100\" id=\"_d78ab7d8-a2ed-477f-9604-cafb7bf4f9ed\"><tr><td></td><td></td><td class=\"c n x7e1 y3c3a w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x7e2 y3c3a w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x19f y3c3b w1ef hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Deposit Hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e3 y3c3b w1f0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loan Hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e4 y3c3b w1f1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposit Hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e5 y3c3b w1f2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan Hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w1f3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age fix<span class=\"_ _1\"></span>ed notional inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e6 y3c5e w15a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.12%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e7 y3c5e w16c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.13%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e8 y3c5e w164 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.73%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e9 y3c5e w162 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.53%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w1f4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age notional mar<span class=\"_ _1\"></span>gin over SONIA<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ea y3c3c w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7eb y3c3c w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ec y3c3c w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ed y3c3c w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c3e w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3e ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c40 w1f5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">SONIA BGS<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ee y3c40 w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ef y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x562 y3c40 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f0 y3c40 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c41 w1f6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other SONIA swaps<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f1 y3c41 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,120.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f2 y3c41 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,402.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f3 y3c41 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,119.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f4 y3c41 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,081.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7f5 y3c42 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,120.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f6 y3c42 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,409.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f7 y3c42 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,119.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f8 y3c42 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,098.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3f ff4a fs4 fc1 sc0 ls0 ws0\">Maturing<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c63 w1f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f1 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,424.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f2 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,869.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f3 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,942.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f4 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,234.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w1f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between one and two years<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f9 y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">654.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fa y3c4e w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3,200.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fb y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,097.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fc y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,930.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w1f9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between two and five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fd y3c4f w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">42.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fe y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4,333.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x33d y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">80.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f4 y3c4f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,916.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 w1fa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">More than five years<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ff y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x423 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x800 y3c45 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7f5 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,120.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f6 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,409.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f7 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,119.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f8 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,098.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x801 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">90.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x802 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">66.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x803 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">122.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ce y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">171.6<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs38e\">The v<span class=\"_ _1\"></span>alues included abov<span class=\"_ _1\"></span>e for<span class=\"_ _0\"></span> BGS are analysed by<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> contractual maturity<span class=\"_ _1\"></span> dates although, due to <span class=\"_ _1\"></span>the terms o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the instruments, it is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs38f\">likely<span class=\"_ _1\"></span> that <span class=\"_ _1\"></span>the balance outstanding will r<span class=\"_ _1\"></span>educe more quickly<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs390\">The changes in <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of hedging sho<span class=\"_ _1\"></span>wn above arise <span class=\"_ _1\"></span>from chang<span class=\"_ _1\"></span>es in the size and seasoning o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s fixed r<span class=\"_ _1\"></span>ate loan book </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs391\">and fix<span class=\"_ _1\"></span>ed rate deposit book in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. These effects ar<span class=\"_ _1\"></span>e offset b<span class=\"_ _1\"></span>y adjustments <span class=\"_ _1\"></span>to ov<span class=\"_ _1\"></span>erall balance sheet hedging objectiv<span class=\"_ _1\"></span>es. T<span class=\"_ _1\"></span>he </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs392\">changes in fair<span class=\"_ _0\"></span> value ar<span class=\"_ _1\"></span>e a result of<span class=\"_ _1\"></span> mov<span class=\"_ _1\"></span>es in marke<span class=\"_ _1\"></span>t implied interest r<span class=\"_ _1\"></span>ates compared <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>ates on the <span class=\"_ _1\"></span>fixed legs of<span class=\"_ _1\"></span> the s<span class=\"_ _1\"></span>waps.<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gs394\">Accounting impacts<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs395\">Movements aff<span class=\"_ _1\"></span>ecting the portf<span class=\"_ _1\"></span>olio fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges during the <span class=\"_ _0\"></span>year are se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs396\"><table class=\"s w1fc h101\" id=\"_c9fde133-2dd4-4455-8965-d5eef0a3f015\"><tr><td></td><td class=\"c n x804 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x805 y3c60 w12 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x806 y3c40 w1fd hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Deposit hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x807 y3c40 w1fe hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loan hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x808 y3c40 w1ff hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposit hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x809 y3c40 w200 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x80a y3c41 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80b y3c41 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80c y3c41 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80d y3c41 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d40 ff49 fs4 fc1 sc0 ls0 ws0\">Hedging instruments<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h6f y3d41 ff67 fs4 fc1 sc0 ls0 ws0\">Interes<span class=\"_ _1\"></span>t rate swaps<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w201 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x80e y3c63 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">92.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x80f y3c63 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">101.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x810 y3c63 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">123.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x811 y3c63 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">216.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w202 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x812 y3c4e w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x813 y3c4e w37 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(34.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x814 y3c4e w46 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x815 y3c4e w71 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(44.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x816 y3c4f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">90.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x817 y3c4f w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">66.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x818 y3c4f w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">122.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x819 y3c4f w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">171.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w203 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></div></td><td class=\"c n x81a y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,120.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x35d y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,409.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x411 y3c50 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,119.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x81b y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,098.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w204 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Change in fair v<span class=\"_ _1\"></span>alue used in calculating hedge ine<span class=\"_ _1\"></span>ffectiv<span class=\"_ _1\"></span>eness<span class=\"_ _393\"> </span></div></td><td class=\"c n x81c y3c48 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x81d y3c48 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(79.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x81e y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">48.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x81f y3c48 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(339.6)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs397\"><table class=\"s w205 h102\" id=\"_2e3fd647-4994-4570-89c7-23b565ef236a\"><tr><td></td><td></td><td class=\"c n x820 y3d42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x821 y3d42 w12 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x806 y3d43 w1fd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Deposit hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x807 y3d43 w1fe hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loan hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x808 y3d43 w1ff hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposit hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x809 y3d43 w200 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x80a y3d44 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80b y3d44 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80c y3d44 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80d y3d44 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d45 ff49 fs4 fc1 sc0 ls0 ws0\">Hedged items<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h6f y3d46 ff67 fs4 fc1 sc0 ls0 ws0\">Fixed rate deposits<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d47 w206 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Monetary amount of risk r<span class=\"_ _1\"></span>elating to R<span class=\"_ _1\"></span>etail Deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x822 y3d47 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,839.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x823 y3d47 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x417 y3d47 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,568.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x824 y3d47 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h6f y3d48 ff67 fs4 fc1 sc0 ls0 ws0\">Fixed rate loans<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d49 w207 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Monetary amount of risk r<span class=\"_ _1\"></span>elating to Loans to Cus<span class=\"_ _1\"></span>tomers<span class=\"_ _393\"> </span></div></td><td class=\"c n x825 y3d49 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x826 y3d49 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,774.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x827 y3d49 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x45a y3d49 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,135.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d4a ff4a fs4 fc1 sc0 ls0 ws0\">Accumulated amount of f<span class=\"_ _1\"></span>air value hedg<span class=\"_ _1\"></span>e adjustments included on balance </td><td class=\"c n x828 y3d4b w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x829 y3d4b w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x82a y3d4b w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x82b y3d4b w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(75.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d4c ff4a fs4 fc1 sc0 ls0 ws0\">sheet (notes 31 and 16)*<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3d4d ff4a fs4 fc1 sc0 ls0 ws0\">Of which: amounts relat<span class=\"_ _1\"></span>ed to discontinued hedging r<span class=\"_ _1\"></span>elationships  </td><td class=\"c n x80a y3d4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x82c y3d4e w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">49.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x82d y3d4e w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x82e y3d4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d4f ff4a fs4 fc1 sc0 ls0 ws0\">being amortised<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 w208 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Change in fair v<span class=\"_ _1\"></span>alue used in recognising hedge ine<span class=\"_ _1\"></span>ff<span class=\"_ _1\"></span>ectiveness<span class=\"_ _393\"> </span></div></td><td class=\"c n x82f y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x830 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">86.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x831 y3c45 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(41.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x832 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">336.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d50 ff49 fs4 fc1 sc0 ls0 ws0\">Hedge ineff<span class=\"_ _1\"></span>ectiveness recognised<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c48 w209 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in fair v<span class=\"_ _1\"></span>alue gains / (losses) in the profit and loss accoun<span class=\"_ _1\"></span>t (note 11)<span class=\"_ _393\"> </span></div></td><td class=\"c n x833 y3c48 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x834 y3c48 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x835 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x836 y3c48 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs398\">* <span class=\"_ _9\"></span>Under the IAS 39 rules relating <span class=\"_ _1\"></span>to fair<span class=\"_ _1\"></span> value hedg<span class=\"_ _1\"></span>e accounting for<span class=\"_ _1\"></span> portfolios of<span class=\"_ _1\"></span> interest rate risk, <span class=\"_ _1\"></span>the change in the <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the hedged items attributable <span class=\"_ _1\"></span>to the hedged risk is </div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs399\">shown as \u2018fair <span class=\"_ _1\"></span>value adjustments <span class=\"_ _1\"></span>from portfolio hedging\u2019 next <span class=\"_ _1\"></span>to the carrying <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the hedged assets or<span class=\"_ _1\"></span> liabilities in the appropriat<span class=\"_ _1\"></span>e note.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs39a\">(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>F<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value micr<span class=\"_ _1\"></span>o hedges<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs39b\">Background and hedging objectives<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs39c\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s individual fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk (\u2018micr<span class=\"_ _1\"></span>o hedges<span class=\"_ _1\"></span>\u2019) relate <span class=\"_ _1\"></span>to its long-<span class=\"_ _1\"></span>term fix<span class=\"_ _1\"></span>ed interest<span class=\"_ _1\"></span> rate liabilities and its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs39d\">investments in <span class=\"_ _1\"></span>fixed-rat<span class=\"_ _1\"></span>e securities. The structur<span class=\"_ _0\"></span>e of these borr<span class=\"_ _1\"></span>owings and inv<span class=\"_ _1\"></span>estments exposes the Gr<span class=\"_ _1\"></span>oup to int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e risk, in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs39e\">ev<span class=\"_ _1\"></span>ent of<span class=\"_ _1\"></span> an adverse mov<span class=\"_ _1\"></span>ement in mark<span class=\"_ _1\"></span>et interest<span class=\"_ _1\"></span> rates, and it hedges ag<span class=\"_ _1\"></span>ainst such mov<span class=\"_ _1\"></span>ements. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs39f\">In each case the hedge <span class=\"_ _1\"></span>takes <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>orm of a single inter<span class=\"_ _0\"></span>est rate swap <span class=\"_ _1\"></span>which is intended to be in place <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the expected <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3a0\">period of <span class=\"_ _1\"></span>the relat<span class=\"_ _1\"></span>ed borrowing or<span class=\"_ _0\"></span> investment. T<span class=\"_ _1\"></span>he terms of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>fixed rat<span class=\"_ _1\"></span>e leg of <span class=\"_ _1\"></span>the derivativ<span class=\"_ _1\"></span>e match the <span class=\"_ _1\"></span>terms of<span class=\"_ _1\"></span> the borr<span class=\"_ _1\"></span>owing or<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3a1\">investment as <span class=\"_ _1\"></span>far<span class=\"_ _1\"></span> as possible and each hedging relationship <span class=\"_ _1\"></span>was designated at <span class=\"_ _1\"></span>the point at <span class=\"_ _1\"></span>which the sw<span class=\"_ _1\"></span>ap contract <span class=\"_ _1\"></span>was enter<span class=\"_ _1\"></span>ed into. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3a2\">Each hedging relationship is <span class=\"_ _1\"></span>tested f<span class=\"_ _1\"></span>or eff<span class=\"_ _1\"></span>ectiveness on a monthly<span class=\"_ _1\"></span> basis by<span class=\"_ _1\"></span> comparing the mo<span class=\"_ _1\"></span>vements in the calculated <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3a3\">the hedged item <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value mo<span class=\"_ _1\"></span>vement in <span class=\"_ _1\"></span>the derivativ<span class=\"_ _1\"></span>e hedge.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs3a5\">Potential sour<span class=\"_ _1\"></span>ces of<span class=\"_ _1\"></span> ineffectiveness<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3a6\">In its interest r<span class=\"_ _1\"></span>ate hedging f<span class=\"_ _1\"></span>or individual items <span class=\"_ _1\"></span>the Group seeks <span class=\"_ _1\"></span>to minimise hedge ineff<span class=\"_ _1\"></span>ectiveness b<span class=\"_ _1\"></span>y aligning <span class=\"_ _1\"></span>the terms of<span class=\"_ _1\"></span> the hedging </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3a7\">instrument as closely as possible <span class=\"_ _1\"></span>with those o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedged item. <span class=\"_ _1\"></span>The notional amount of<span class=\"_ _0\"></span> the derivative matches <span class=\"_ _1\"></span>that of<span class=\"_ _1\"></span> the hedged </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3a8\">item and settlements are due on <span class=\"_ _1\"></span>the same day<span class=\"_ _1\"></span>s and at the same interv<span class=\"_ _1\"></span>als.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3a9\">Nonetheless, the Gr<span class=\"_ _1\"></span>oup has identified the <span class=\"_ _1\"></span>following possible sour<span class=\"_ _1\"></span>ces of<span class=\"_ _1\"></span> hedge ineffectiv<span class=\"_ _1\"></span>eness in its hedges of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3aa\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The use of<span class=\"_ _1\"></span> derivativ<span class=\"_ _1\"></span>es as a hedge of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk additionally<span class=\"_ _1\"></span> exposes the Gr<span class=\"_ _0\"></span>oup to the derivativ<span class=\"_ _1\"></span>e counterparties\u2019 cr<span class=\"_ _1\"></span>edit risk, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ab\">which is not matched in <span class=\"_ _1\"></span>the hedged item. <span class=\"_ _1\"></span>This risk is minimised b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>transacting only <span class=\"_ _1\"></span>with high quality count<span class=\"_ _1\"></span>erparties and thr<span class=\"_ _1\"></span>ough </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ac\">collateralisation arrang<span class=\"_ _1\"></span>ements (as described in note 59<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ad\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The small differ<span class=\"_ _1\"></span>ence between <span class=\"_ _1\"></span>the fix<span class=\"_ _1\"></span>ed rate of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est charged on <span class=\"_ _1\"></span>the hedged item and <span class=\"_ _1\"></span>the fixed r<span class=\"_ _1\"></span>ate leg of<span class=\"_ _1\"></span> the deriv<span class=\"_ _1\"></span>ative, wher<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ae\">the impact of<span class=\"_ _1\"></span> discounting will mean <span class=\"_ _1\"></span>that movements in pr<span class=\"_ _0\"></span>esent values of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>two flo<span class=\"_ _1\"></span>ws ar<span class=\"_ _1\"></span>e not exactly<span class=\"_ _1\"></span> parallel </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3af\">\u2022 <span class=\"_ _6\"> </span>The use of<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent discounting curves in measuring <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value chang<span class=\"_ _1\"></span>es in the hedged it<span class=\"_ _1\"></span>ems and hedging instruments<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs3b0\">Hedging instruments<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3b1\">The financial deriv<span class=\"_ _1\"></span>atives used in <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s individual fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges are st<span class=\"_ _1\"></span>erling denominated interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>aps, with a single </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3b2\">derivativ<span class=\"_ _1\"></span>e used to hedge each individual asse<span class=\"_ _1\"></span>t or liability<span class=\"_ _0\"></span>. Settlement is twice <span class=\"_ _1\"></span>yearly<span class=\"_ _0\"></span>, on the same days as pa<span class=\"_ _1\"></span>yments for<span class=\"_ _1\"></span> the associat<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3b3\">hedged item f<span class=\"_ _1\"></span>all due. F<span class=\"_ _0\"></span>or derivatives hedging liabilities, pa<span class=\"_ _1\"></span>yments receiv<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup are calculated based on a <span class=\"_ _1\"></span>fixed rat<span class=\"_ _1\"></span>e of </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3b4\">interest, <span class=\"_ _1\"></span>while payments made ar<span class=\"_ _1\"></span>e calculated based on a floating inter<span class=\"_ _1\"></span>est rate se<span class=\"_ _1\"></span>t by<span class=\"_ _1\"></span> ref<span class=\"_ _1\"></span>erence <span class=\"_ _1\"></span>to the compound SONIA<span class=\"_ _1\"></span> ref<span class=\"_ _1\"></span>erence </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3b5\">rate. F<span class=\"_ _0\"></span>or derivativ<span class=\"_ _1\"></span>es hedging assets, the con<span class=\"_ _1\"></span>verse is <span class=\"_ _1\"></span>true.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3b6\">The principal terms o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging instruments are set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>, analysed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the tw<span class=\"_ _1\"></span>o directions of<span class=\"_ _1\"></span> the s<span class=\"_ _1\"></span>waps.<span class=\"_ _393\"> </span></div><div class=\"gs3b7\"><table class=\"s w20a h103\" id=\"_b0c6af02-32a0-4743-8889-3271d6461d01\"><tr><td></td><td></td><td class=\"c n x7e1 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x7e2 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x837 y3c5e w20b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x838 y3c5e w20c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x839 y3c5e w20d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x83a y3c5e w20e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w1f3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age fix<span class=\"_ _1\"></span>ed notional inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e6 y3c3c w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.48%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e7 y3c3c w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.99%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e8 y3c3c w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e9 y3c3c w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.99%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 w1f4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age notional mar<span class=\"_ _1\"></span>gin over SONIA<span class=\"_ _393\"> </span></div></td><td class=\"c n x83b y3c96 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x83c y3c96 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x83d y3c96 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x83e y3c96 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c60 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c60 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c60 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c60 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d51 ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c41 w20f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">SONIA swaps<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3c41 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x840 y3c41 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x841 y3c41 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c41 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c97 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c97 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c97 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c97 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d52 ff4a fs4 fc1 sc0 ls0 ws0\">Maturing<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c63 w1f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x847 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x848 y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x849 y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84a y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w1f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between one and two years<span class=\"_ _393\"> </span></div></td><td class=\"c n x84b y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x22c y3c4e w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x229 y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x22d y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cb2 w1f9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between two and five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84c y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84d y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84e y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c98 w1fa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">More than five years<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c98 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x57e y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84f y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x850 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c62 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c62 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x801 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x851 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x852 y3c48 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x853 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs3b9\">Accounting impacts<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ba\">Movements aff<span class=\"_ _1\"></span>ecting the micr<span class=\"_ _1\"></span>o fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs3bb\"><table class=\"s w210 h104\" id=\"_7865e65f-6050-416c-b484-b9e2b29d0f9b\"><tr><td></td><td></td><td class=\"c n x854 y3cb6 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x855 y3cb6 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x837 y3c97 w20b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x838 y3c97 w20c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x839 y3c97 w20d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x83a y3c97 w20e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c61 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c61 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c61 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c61 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d53 ff49 fs4 fc1 sc0 ls0 ws0\">Hedging instruments<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h94 y3d54 ff66 fs4 fc1 sc0 ls0 ws0\">Interes<span class=\"_ _1\"></span>t rate swaps<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb2 w201 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3cb2 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x856 y3cb2 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x857 y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x858 y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w202 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x859 y3c98 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x85a y3c98 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x85b y3c98 w46 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x85c y3c98 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x85d y3c62 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x85e y3c62 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x85f y3c62 w7f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x860 y3c62 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w203 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></div></td><td class=\"c n x861 y3c65 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x862 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x23b y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w204 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Change in fair v<span class=\"_ _1\"></span>alue used in calculating hedge ine<span class=\"_ _1\"></span>ffectiv<span class=\"_ _1\"></span>eness<span class=\"_ _393\"> </span></div></td><td class=\"c n x863 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">44.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x864 y3c48 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x865 y3c48 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(4.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x866 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs3bc\"><table class=\"s w211 h105\" id=\"_402ea8ee-99c2-4500-93b9-4baad11230fe\"><tr><td></td><td></td><td class=\"c n x854 y3d55 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x855 y3d55 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x837 y3d56 w20b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x838 y3d56 w20c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x839 y3d56 w20d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x83a y3d56 w20e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3d57 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3d57 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3d57 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3d57 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d58 ff49 fs4 fc1 sc0 ls0 ws0\">Hedged items<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h94 y3d59 ff66 fs4 fc1 sc0 ls0 ws0\">Fixed rat<span class=\"_ _1\"></span>e borrowings<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d5a w212 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3d5a w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x867 y3d5a w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(150.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x868 y3d5a w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x869 y3d5a w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(150.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h94 y3d5b ff66 fs4 fc1 sc0 ls0 ws0\">Fixed rat<span class=\"_ _1\"></span>e assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d5c w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n x86a y3d5c w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x86b y3d5c w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fc y3d5c w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3d5c w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3d5d w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x86c y3d5d w1a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(150.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x86d y3d5d w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x86e y3d5d w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(150.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3d5f w213 h106\"><div class=\"t m0 x19e h52 y3d5e ff4a fs4 fc1 sc0 ls0 ws0\">Accumulated amount of f<span class=\"_ _1\"></span>air value hedg<span class=\"_ _1\"></span>e adjustments included in<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x86f y3d60 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(44.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x870 y3d60 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x871 y3d60 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x872 y3d60 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(4.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d61 ff4a fs4 fc1 sc0 ls0 ws0\">Of which: amounts relat<span class=\"_ _1\"></span>ed to discontinued hedging r<span class=\"_ _1\"></span>elationships </td><td class=\"c n x873 y3d62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x874 y3d62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x875 y3d62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x876 y3d62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d63 ff4a fs4 fc1 sc0 ls0 ws0\">being amortised<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d64 w208 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Change in fair v<span class=\"_ _1\"></span>alue used in recognising hedge ine<span class=\"_ _1\"></span>ff<span class=\"_ _1\"></span>ectiveness<span class=\"_ _393\"> </span></div></td><td class=\"c n x877 y3d64 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(44.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x878 y3d64 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x879 y3d64 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x87a y3d64 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(4.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d65 ff49 fs4 fc1 sc0 ls0 ws0\">Hedge ineff<span class=\"_ _1\"></span>ectiveness recognised<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3d66 ff4a fs4 fc1 sc0 ls0 ws0\">Included in fair v<span class=\"_ _1\"></span>alue gains / (losses) in the profit and loss accoun<span class=\"_ _1\"></span>t </td><td class=\"c n x873 y3d67 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x874 y3d67 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x875 y3d67 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x876 y3d67 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d68 ff4a fs4 fc1 sc0 ls0 ws0\">(note 11)<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs3be\">(c<span class=\"_ _0\"></span>)  <span class=\"_ _b2\"> </span>Derivatives not in a hedg<span class=\"_ _1\"></span>e relationship<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3bf\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s other<span class=\"_ _1\"></span> derivatives comprise:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3c0\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Inter<span class=\"_ _1\"></span>est rate sw<span class=\"_ _1\"></span>aps which ar<span class=\"_ _1\"></span>e economically part<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s portfolio hedging arrang<span class=\"_ _1\"></span>ements but failed <span class=\"_ _1\"></span>to find a match in <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3c1\">hedge designation, particularly<span class=\"_ _1\"></span> including swaps pr<span class=\"_ _1\"></span>e-hedging inter<span class=\"_ _1\"></span>est rate risk on <span class=\"_ _1\"></span>the new<span class=\"_ _1\"></span> lending pipeline<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3c2\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Currenc<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>futures, economically<span class=\"_ _1\"></span> hedging exposur<span class=\"_ _1\"></span>es on lending denominated in currenc<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, wher<span class=\"_ _1\"></span>e hedge accounting has not<span class=\"_ _1\"></span> been </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3c3\">adopted due t<span class=\"_ _1\"></span>o the size of<span class=\"_ _0\"></span> the exposure<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3c4\">The principal terms o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these derivativ<span class=\"_ _1\"></span>es are set out<span class=\"_ _1\"></span> below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs3c5\">Interest rat<span class=\"_ _1\"></span>e swaps<span class=\"_ _393\"> </span></div><div class=\"gs3c6\"><table class=\"s w214 h107\" id=\"_4b94d2cf-438f-4ecc-b240-56d8a98f94e7\"><tr><td></td><td></td><td class=\"c n x87b y3c3b w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x87c y3c3b w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x87d y3d0d w215 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>y fixed<span class=\"_ _393\"> </span></div></td><td class=\"c n x87e y3d0d w216 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Pay floa<span class=\"_ _1\"></span>ting<span class=\"_ _393\"> </span></div></td><td class=\"c n x87f y3d0d w217 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pay fix<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n x880 y3d0d w218 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pay floa<span class=\"_ _1\"></span>ting<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w1f3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age fix<span class=\"_ _1\"></span>ed notional inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e6 y3c3c w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.36%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e7 y3c3c w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.73%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e8 y3c3c w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.22%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e9 y3c3c w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.58%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w1f4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age notional mar<span class=\"_ _1\"></span>gin over SONIA<span class=\"_ _393\"> </span></div></td><td class=\"c n x83b y3c3d w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x83c y3c3d w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x83d y3c3d w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x83e y3c3d w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c3f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c3f w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c3f w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c3f w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d69 ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c41 w20f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">SONIA swaps<span class=\"_ _393\"> </span></div></td><td class=\"c n x881 y3c41 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,677.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x882 y3c41 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,308.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x883 y3c41 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,058.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x884 y3c41 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,184.7<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7f5 y3c42 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,677.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f6 y3c42 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,308.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f7 y3c42 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,058.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f8 y3c42 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,184.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d6a ff4a fs4 fc1 sc0 ls0 ws0\">Maturing<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c44 w1f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x885 y3c44 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">414.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x886 y3c44 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">398.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dc y3c44 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">78.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dd y3c44 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">385.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w1f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between one and two years<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f9 y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">553.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x887 y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">313.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x888 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">218.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">209.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w1f9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between two and five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3c4f w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">709.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x840 y3c4f w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">596.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x841 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">761.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">590.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 w1fa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">More than five years<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ff y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x889 y3c45 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x88a y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7f5 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,677.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f6 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,308.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f7 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,058.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f8 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,184.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x801 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x88b y3c48 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(29.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c7 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">44.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x88c y3c48 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(43.6)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws1a gs6f\">Currency<span class=\"_ _1\"></span> futures<span class=\"_ _393\"> </span></div><div class=\"gs3c7\"><table class=\"s wd8 hdc\" id=\"_315a2c58-e434-4197-a057-b80cabf21b22\"><tr><td></td><td class=\"c n x36b y3c5f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c5f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h94 y3d6b ff66 fs4 fc1 sc0 ls0 ws0\">US dollar futures<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c40 w219 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age futur<span class=\"_ _1\"></span>e ex<span class=\"_ _1\"></span>change ra<span class=\"_ _1\"></span>te<span class=\"_ _393\"> </span></div></td><td class=\"c n x88d y3c40 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.35<span class=\"_ _393\"> </span></div></td><td class=\"c n x88e y3c40 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.34<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c97 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c97 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w203 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c61 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c61 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d6c ff4a fs4 fc1 sc0 ls0 ws0\">Maturing<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c4e w1f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x88f y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x890 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cb2 w1f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between one and two years<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x824 y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c98 w1f9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between two and five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x892 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x893 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x437 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x366 y3c48 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x894 y3c48 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "11. <span class=\"_ _b7\"> </span>F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alue net (losses<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s wf8 he6\" id=\"_3b8b2499-32c7-4b12-bf4d-4355d163b79e\"><tr><td></td><td class=\"c n x36b y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c40 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c40 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3ccd ff4a fs4 fc1 sc0 ls0 ws0\">Ineff<span class=\"_ _1\"></span>ectiveness of f<span class=\"_ _1\"></span>air value hedges (note 24)</td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3cce ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Portfolio hedges of int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ate risk<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x432 y3c61 wf9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Deposit <span class=\"_ _24c\"></span>hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x433 y3c61 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x432 y3c63 wfa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Loan <span class=\"_ _24c\"></span>hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x435 y3c63 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x437 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 wfb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Individual hedges of inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>ate risk<span class=\"_ _393\"> </span></div></td><td class=\"c n x438 y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x439 y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x437 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wfc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other hedging movements<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c62 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(27.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x371 y3c62 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(26.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wfd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net gain / (loss) on other deriv<span class=\"_ _1\"></span>atives<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43a y3c65 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wfe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal net (loss)<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c48 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(11.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x371 y3c48 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(38.9)<span class=\"_ _393\"> </span></div></td></tr></table>The fair<span class=\"_ _0\"></span> value net (loss<span class=\"_ _1\"></span>) repr<span class=\"_ _1\"></span>esents the accounting <span class=\"_ _1\"></span>volatility<span class=\"_ _1\"></span> on derivativ<span class=\"_ _1\"></span>e instruments which ar<span class=\"_ _1\"></span>e matching risk exposur<span class=\"_ _1\"></span>es on an economic basis, generated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 39<span class=\"_ _1\"></span>. Some accounting v<span class=\"_ _1\"></span>olatility arises on <span class=\"_ _1\"></span>these items due to accounting ineffectiveness on designat<span class=\"_ _1\"></span>ed hedges, or<span class=\"_ _1\"></span> because hedge accounting has not been adopt<span class=\"_ _1\"></span>ed or is not achie<span class=\"_ _1\"></span>vable on certain it<span class=\"_ _1\"></span>ems. F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alue movements on deriv<span class=\"_ _1\"></span>atives <span class=\"_ _1\"></span>which are no<span class=\"_ _1\"></span>t part of<span class=\"_ _1\"></span> hedge f<span class=\"_ _1\"></span>or accounting purposes ar<span class=\"_ _1\"></span>e shown as \u2018net g<span class=\"_ _1\"></span>ain / (loss) on other<span class=\"_ _1\"></span> derivativ<span class=\"_ _1\"></span>es\u2019 abov<span class=\"_ _1\"></span>e. The losses and gains ar<span class=\"_ _1\"></span>e primarily due <span class=\"_ _1\"></span>to timing diff<span class=\"_ _1\"></span>erences in income r<span class=\"_ _1\"></span>ecognition between <span class=\"_ _1\"></span>the derivativ<span class=\"_ _1\"></span>e instruments and the economically hedg<span class=\"_ _1\"></span>ed assets and liabilities. Such differ<span class=\"_ _1\"></span>ences will r<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>se over<span class=\"_ _0\"></span> time and have no impact on <span class=\"_ _1\"></span>the cash flow<span class=\"_ _1\"></span>s of <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. The impact of<span class=\"_ _1\"></span> hedging arrangements on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s balance sheet is summarised in note 24 <span class=\"_ _1\"></span>which also pro<span class=\"_ _1\"></span>vides a full description o<span class=\"_ _1\"></span>f the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s use of deriv<span class=\"_ _1\"></span>ative <span class=\"_ _1\"></span>financial instruments for<span class=\"_ _1\"></span> hedging purposes.<span class=\"_ _393\"> </span>67<span class=\"_ _0\"></span>. <span class=\"_ _190\"> </span>Financial assets and financial liabilities<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets and <span class=\"_ _1\"></span>financial liabilities are <span class=\"_ _1\"></span>valued on one of<span class=\"_ _1\"></span> tw<span class=\"_ _1\"></span>o bases, defined by<span class=\"_ _1\"></span> IFRS 9:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Financial assets and liabilities carried at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>through pr<span class=\"_ _1\"></span>ofit and loss (\u2018FVTPL<span class=\"_ _e\"></span>\u2019)<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Financial assets and liabilities carried at amortised cost<span class=\"_ _393\"> </span>IFRS 7 \u2013 \u2018Financial Instruments: Disclosures\u2019 r<span class=\"_ _1\"></span>equires <span class=\"_ _1\"></span>that wher<span class=\"_ _0\"></span>e assets are measured at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>these measurements should be classified using the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value hier<span class=\"_ _1\"></span>archy<span class=\"_ _1\"></span> set out in IFRS 13 \u2013 \u2018F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>alue Measurement\u2019<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>This hierar<span class=\"_ _1\"></span>chy<span class=\"_ _1\"></span> reflects <span class=\"_ _1\"></span>the inputs used and defines three lev<span class=\"_ _1\"></span>els:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 1 measur<span class=\"_ _1\"></span>ements are unadjust<span class=\"_ _1\"></span>ed market prices \u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 2 measur<span class=\"_ _1\"></span>ements are deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om directly<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> indirectly<span class=\"_ _1\"></span> observable data, such as mark<span class=\"_ _1\"></span>et prices or<span class=\"_ _1\"></span> rates \u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 3 measur<span class=\"_ _1\"></span>ements rely<span class=\"_ _0\"></span> on significant inputs which are not deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om observable data As quoted prices ar<span class=\"_ _1\"></span>e not av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>el 2 and 3 measurements, <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation is derived <span class=\"_ _1\"></span>from cash <span class=\"_ _1\"></span>flow models based, <span class=\"_ _1\"></span>where possible, on independently sour<span class=\"_ _1\"></span>ced parameters. <span class=\"_ _0\"></span>The accuracy of<span class=\"_ _0\"></span> the calculation would <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore be affect<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> unexpected marke<span class=\"_ _1\"></span>t movements or<span class=\"_ _0\"></span> other v<span class=\"_ _1\"></span>ariances in the operation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the models, or <span class=\"_ _1\"></span>the assumptions used.<span class=\"_ _393\"> </span>The Group had no <span class=\"_ _1\"></span>financial assets or<span class=\"_ _1\"></span> liabilities at 30 September<span class=\"_ _1\"></span> 2025 or 30 Sep<span class=\"_ _1\"></span>tember 2024 carried at<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and v<span class=\"_ _1\"></span>alued using lev<span class=\"_ _1\"></span>el 3 measurements.<span class=\"_ _393\"> </span>The Group has no<span class=\"_ _1\"></span>t reclassified an<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> its measur<span class=\"_ _1\"></span>ements during the <span class=\"_ _1\"></span>year<span class=\"_ _393\"> </span>The methods by<span class=\"_ _1\"></span> which <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue is established for<span class=\"_ _1\"></span> each class of<span class=\"_ _1\"></span> financial assets and liabilities ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Assets and liabilities carried at fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span>The f<span class=\"_ _1\"></span>ollowing table summarises <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets and liabilities <span class=\"_ _1\"></span>which are carried at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span><table class=\"s wba h127\" id=\"_47a31fa6-e669-4262-beb5-19f9be2c50ae\"><tr><td></td><td></td><td class=\"c n x24e y3c63 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e51 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w56 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x252 y3c98 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x258 y3c98 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3c98 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e52 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c48 w62 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xee2 y3c48 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n xee3 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">68.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">99.7<span class=\"_ _393\"> </span></div></td></tr></table>All these financial asse<span class=\"_ _1\"></span>ts and financial liabilities ar<span class=\"_ _1\"></span>e requir<span class=\"_ _1\"></span>ed to be carried at <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue by<span class=\"_ _1\"></span> IFRS 9.<span class=\"_ _393\"> </span>The Company<span class=\"_ _1\"></span> has no financial assets or<span class=\"_ _1\"></span> liabilities carried at f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span>Derivativ<span class=\"_ _1\"></span>e financial assets and liabilities<span class=\"_ _393\"> </span>Derivativ<span class=\"_ _1\"></span>e financial instruments are stat<span class=\"_ _1\"></span>ed at their<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>values in the accounts. <span class=\"_ _0\"></span>The Group uses a number o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>techniques to det<span class=\"_ _1\"></span>ermine the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> its derivativ<span class=\"_ _1\"></span>e assets and liabilities, for<span class=\"_ _1\"></span> which observ<span class=\"_ _1\"></span>able prices in active mark<span class=\"_ _1\"></span>ets ar<span class=\"_ _1\"></span>e not av<span class=\"_ _1\"></span>ailable. T<span class=\"_ _1\"></span>hese are principally<span class=\"_ _1\"></span> present <span class=\"_ _1\"></span>value calculations based on estimat<span class=\"_ _1\"></span>ed future cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span>s arising from <span class=\"_ _1\"></span>the instruments, discounted using a mark<span class=\"_ _1\"></span>et inter<span class=\"_ _1\"></span>est rate, adjusted for<span class=\"_ _0\"></span> risk as appropriate. <span class=\"_ _1\"></span>The principal inputs to <span class=\"_ _1\"></span>these v<span class=\"_ _1\"></span>aluation models are SONIA<span class=\"_ _1\"></span> sterling benchmark inter<span class=\"_ _1\"></span>est rates.<span class=\"_ _393\"> </span>In order<span class=\"_ _1\"></span> to de<span class=\"_ _1\"></span>termine the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>values, <span class=\"_ _1\"></span>the management applies <span class=\"_ _1\"></span>valuation adjustments <span class=\"_ _1\"></span>to observed data <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>that data w<span class=\"_ _1\"></span>ould not fully r<span class=\"_ _1\"></span>eflect <span class=\"_ _1\"></span>the attributes of <span class=\"_ _1\"></span>the instrument being <span class=\"_ _1\"></span>valued, such as particular<span class=\"_ _1\"></span> contractual f<span class=\"_ _1\"></span>eatures or<span class=\"_ _1\"></span> the identity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the counterparty<span class=\"_ _0\"></span>. The management r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>the models used on an ongoing basis t<span class=\"_ _1\"></span>o ensure <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>valuations pr<span class=\"_ _1\"></span>oduced are r<span class=\"_ _1\"></span>easonable and re<span class=\"_ _1\"></span>flect all rele<span class=\"_ _1\"></span>vant <span class=\"_ _1\"></span>factors. <span class=\"_ _1\"></span>These <span class=\"_ _1\"></span>valuations ar<span class=\"_ _1\"></span>e based on market inf<span class=\"_ _1\"></span>ormation, and the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e classified as lev<span class=\"_ _1\"></span>el 2 measurements. Details of <span class=\"_ _1\"></span>these assets and liabilities ar<span class=\"_ _1\"></span>e given in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Assets and liabilities carried at amortised cost<span class=\"_ _393\"> </span>The fair<span class=\"_ _0\"></span> values f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>financial assets and financial liabilities held at amortised cost, determined in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the methodologies set out in <span class=\"_ _1\"></span>this note are summarised belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w45d hdf\" id=\"_b731ef65-1b30-4af4-85d4-6f0275e037cc\"><tr><td></td><td></td><td class=\"c n xc41 y3cb3 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xc43 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc44 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc45 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xee4 y3c5d w45e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xee5 y3c5d w45f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n xee6 y3c5d w460 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xee7 y3c5d w461 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x31a y3c5e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c5e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 hbe y3e53 ff68 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h4e y3e54 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c5f w2b0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c5f w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf3 y3c5f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf4 y3c5f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f5 y3c5f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f6 y3c5f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n xee8 y3c60 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n xee9 y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xeea y3c60 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">611.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xeeb y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">422.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w53 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdc y3c40 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdd y3c40 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xcde y3c40 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,357.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeec y3c40 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeed y3c40 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,772.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w221 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c41 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xd37 y3c41 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x799 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xeee y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c42 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,373.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c42 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,375.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeef y3c42 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,674.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xef0 y3c42 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,735.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e55 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w60 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm bank borrowings<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x95d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x904 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w61 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c4e w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n xef2 y3c4e w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,265.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xef3 y3c4e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,260.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xef4 y3c4e w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,298.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xef5 y3c4e w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,334.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f wd2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c4f w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">34<span class=\"_ _393\"> </span></div></td><td class=\"c n xef6 y3c4f w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x351 y3c4f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xef7 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">145.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef8 y3c45 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">32<span class=\"_ _393\"> </span></div></td><td class=\"c n xef9 y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fa y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">501.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xefa y3c45 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xefb y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c62 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">36<span class=\"_ _393\"> </span></div></td><td class=\"c n xcee y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcef y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xefc y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xefd y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xefe y3c65 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xeff y3c65 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xf00 y3c65 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xf01 y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xf02 y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,428.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,424.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeef y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,946.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xef0 y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,978.2<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w462 he9\" id=\"_cd8e9383-3909-4223-8adc-85f69dc3007d\"><tr><td></td><td></td><td class=\"c n xf03 y3c3c w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xf04 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xf05 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xf06 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xf07 y3c3d w45e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xf08 y3c3d w45f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n xf09 y3c3d w460 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0a y3c3d w461 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4e6 y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c3e w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 hbe y3e56 ff68 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3e57 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w2b0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c41 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0b y3c41 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0c y3c41 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e4 y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x903 y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w3b3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup cash deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xce5 y3c42 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0d y3c42 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0e y3c42 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0f y3c42 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf10 y3c42 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w463 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xf11 y3c43 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c43 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f7 y3c43 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3c43 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x399 y3c43 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w221 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c44 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xf12 y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xf13 y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x32c y3c44 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c44 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x843 y3c4e w92 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c4e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c4e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c4e w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e58 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 wd2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c45 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">34<span class=\"_ _393\"> </span></div></td><td class=\"c n xef6 y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x351 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xef7 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">145.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w225 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xf14 y3c50 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xf15 y3c50 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x78c y3c50 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xa21 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf16 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xefe y3c65 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xf17 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xb20 y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x62b y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x62c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x843 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">175.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">174.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">198.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">194.5<span class=\"_ _393\"> </span></div></td></tr></table>The fair<span class=\"_ _0\"></span> values of<span class=\"_ _1\"></span> retail deposits, corpor<span class=\"_ _1\"></span>ate bonds and cov<span class=\"_ _1\"></span>ered bonds shown abo<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>will include amounts for<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated accrued interest.<span class=\"_ _393\"> </span>Cash, sale and repurchase agr<span class=\"_ _1\"></span>eements, and bank borro<span class=\"_ _1\"></span>wings<span class=\"_ _393\"> </span>The fair<span class=\"_ _0\"></span> values of<span class=\"_ _1\"></span> cash and cash equivalents, sale and r<span class=\"_ _1\"></span>epurchase agr<span class=\"_ _1\"></span>eements and bank borr<span class=\"_ _1\"></span>owings, which ar<span class=\"_ _1\"></span>e carried at amortised cost, are consider<span class=\"_ _1\"></span>ed to be no<span class=\"_ _1\"></span>t materially diff<span class=\"_ _1\"></span>erent <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>their book<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues. In arriving at that conclusion mark<span class=\"_ _1\"></span>et inputs hav<span class=\"_ _1\"></span>e been considered but because all <span class=\"_ _1\"></span>the assets and the sale and r<span class=\"_ _1\"></span>epur<span class=\"_ _1\"></span>chase agreements matur<span class=\"_ _1\"></span>e within <span class=\"_ _1\"></span>three months of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end and the interest r<span class=\"_ _1\"></span>ates charged on <span class=\"_ _1\"></span>financial liabilities reset<span class=\"_ _1\"></span> to mark<span class=\"_ _1\"></span>et rates on a quarterly<span class=\"_ _0\"></span> basis, little difference arises. T<span class=\"_ _1\"></span>his also applies to <span class=\"_ _1\"></span>the Company\u2019<span class=\"_ _0\"></span>s loans to its subsidiaries. As these <span class=\"_ _1\"></span>valuation ex<span class=\"_ _1\"></span>ercises ar<span class=\"_ _1\"></span>e not <span class=\"_ _1\"></span>wholly mark<span class=\"_ _1\"></span>et-based, <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are consider<span class=\"_ _1\"></span>ed to be le<span class=\"_ _1\"></span>vel 2 measur<span class=\"_ _1\"></span>ements.<span class=\"_ _393\"> </span>Investmen<span class=\"_ _1\"></span>t securities<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment<span class=\"_ _1\"></span> securities are of<span class=\"_ _1\"></span> types <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> which a liquid mark<span class=\"_ _1\"></span>et exists, and <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>which quoted prices ar<span class=\"_ _1\"></span>e av<span class=\"_ _1\"></span>ailable. It is theref<span class=\"_ _1\"></span>ore appr<span class=\"_ _1\"></span>opriate to consider<span class=\"_ _0\"></span> that the mark<span class=\"_ _1\"></span>et price of<span class=\"_ _1\"></span> these assets constitutes a <span class=\"_ _1\"></span>fair <span class=\"_ _0\"></span>value. As <span class=\"_ _1\"></span>this v<span class=\"_ _1\"></span>aluation is based on a market price it is considered <span class=\"_ _1\"></span>to be a lev<span class=\"_ _1\"></span>el 1 measurement.<span class=\"_ _393\"> </span>L<span class=\"_ _1\"></span>oans to customers<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o assess <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loan assets in the absence of a liquid mark<span class=\"_ _1\"></span>et, <span class=\"_ _1\"></span>the directors ha<span class=\"_ _1\"></span>ve consider<span class=\"_ _1\"></span>ed the estimated cash flow<span class=\"_ _1\"></span>s expected <span class=\"_ _1\"></span>to arise fr<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s inv<span class=\"_ _1\"></span>estments in its loans to customers based on a mixtur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> market<span class=\"_ _1\"></span>-based inputs, such as rates and pricing and non-mark<span class=\"_ _1\"></span>et based inputs such as redemp<span class=\"_ _1\"></span>tion rates. Given <span class=\"_ _1\"></span>the mixture o<span class=\"_ _1\"></span>f observ<span class=\"_ _1\"></span>able and non-observable inputs these ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be lev<span class=\"_ _1\"></span>el 3 measurements.<span class=\"_ _393\"> </span>Corporate debt<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s corporate bonds and cov<span class=\"_ _1\"></span>ered bonds ar<span class=\"_ _1\"></span>e listed on <span class=\"_ _1\"></span>the London Stock<span class=\"_ _1\"></span> Exchange and <span class=\"_ _1\"></span>there is pr<span class=\"_ _1\"></span>esently<span class=\"_ _1\"></span> a reasonably<span class=\"_ _1\"></span> liquid market in <span class=\"_ _1\"></span>the instruments. It is <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore appr<span class=\"_ _1\"></span>opriate to consider<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> the mark<span class=\"_ _1\"></span>et price of<span class=\"_ _1\"></span> these borr<span class=\"_ _1\"></span>owings constitutes a f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value. <span class=\"_ _0\"></span>As this v<span class=\"_ _1\"></span>aluation is based on a market<span class=\"_ _1\"></span> price, it is considered <span class=\"_ _1\"></span>to be a lev<span class=\"_ _1\"></span>el 1 measurement.<span class=\"_ _393\"> </span>Retail deposits<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o assess <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s retail deposit liabilities, the dir<span class=\"_ _1\"></span>ectors hav<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>the estimated cash flo<span class=\"_ _1\"></span>ws expected to arise based on a mixture o<span class=\"_ _1\"></span>f mark<span class=\"_ _1\"></span>et based inputs, such as rates and pricing and non-mark<span class=\"_ _1\"></span>et based inputs such as <span class=\"_ _1\"></span>withdrawal r<span class=\"_ _1\"></span>ates. Given <span class=\"_ _1\"></span>the mixture of<span class=\"_ _1\"></span> observable and non-observ<span class=\"_ _1\"></span>able inputs, these ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be le<span class=\"_ _1\"></span>vel 3 measurements.<span class=\"_ _393\"> </span>Sundry assets and liabilities<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alues of <span class=\"_ _1\"></span>financial assets and liabilities disclosed as sundry<span class=\"_ _1\"></span> assets and sundry liabilities ar<span class=\"_ _1\"></span>e not consider<span class=\"_ _1\"></span>ed to be materially<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent to their carrying v<span class=\"_ _1\"></span>alues.<span class=\"_ _393\"> </span>These assets and liabilities ar<span class=\"_ _1\"></span>e of r<span class=\"_ _1\"></span>elatively<span class=\"_ _1\"></span> low<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and may<span class=\"_ _1\"></span> be settled at their<span class=\"_ _1\"></span> carrying <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the balance sheet date or<span class=\"_ _1\"></span> shortly ther<span class=\"_ _1\"></span>eafter<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "11. <span class=\"_ _b7\"> </span>F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alue net (losses<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s wf8 he6\" id=\"_3b8b2499-32c7-4b12-bf4d-4355d163b79e\"><tr><td></td><td class=\"c n x36b y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c40 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c40 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3ccd ff4a fs4 fc1 sc0 ls0 ws0\">Ineff<span class=\"_ _1\"></span>ectiveness of f<span class=\"_ _1\"></span>air value hedges (note 24)</td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3cce ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Portfolio hedges of int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ate risk<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x432 y3c61 wf9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Deposit <span class=\"_ _24c\"></span>hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x433 y3c61 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x432 y3c63 wfa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Loan <span class=\"_ _24c\"></span>hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x435 y3c63 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x437 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 wfb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Individual hedges of inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>ate risk<span class=\"_ _393\"> </span></div></td><td class=\"c n x438 y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x439 y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x437 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 wfc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other hedging movements<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c62 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(27.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x371 y3c62 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(26.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wfd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net gain / (loss) on other deriv<span class=\"_ _1\"></span>atives<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43a y3c65 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wfe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal net (loss)<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c48 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(11.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x371 y3c48 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(38.9)<span class=\"_ _393\"> </span></div></td></tr></table>The fair<span class=\"_ _0\"></span> value net (loss<span class=\"_ _1\"></span>) repr<span class=\"_ _1\"></span>esents the accounting <span class=\"_ _1\"></span>volatility<span class=\"_ _1\"></span> on derivativ<span class=\"_ _1\"></span>e instruments which ar<span class=\"_ _1\"></span>e matching risk exposur<span class=\"_ _1\"></span>es on an economic basis, generated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 39<span class=\"_ _1\"></span>. Some accounting v<span class=\"_ _1\"></span>olatility arises on <span class=\"_ _1\"></span>these items due to accounting ineffectiveness on designat<span class=\"_ _1\"></span>ed hedges, or<span class=\"_ _1\"></span> because hedge accounting has not been adopt<span class=\"_ _1\"></span>ed or is not achie<span class=\"_ _1\"></span>vable on certain it<span class=\"_ _1\"></span>ems. F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alue movements on deriv<span class=\"_ _1\"></span>atives <span class=\"_ _1\"></span>which are no<span class=\"_ _1\"></span>t part of<span class=\"_ _1\"></span> hedge f<span class=\"_ _1\"></span>or accounting purposes ar<span class=\"_ _1\"></span>e shown as \u2018net g<span class=\"_ _1\"></span>ain / (loss) on other<span class=\"_ _1\"></span> derivativ<span class=\"_ _1\"></span>es\u2019 abov<span class=\"_ _1\"></span>e. The losses and gains ar<span class=\"_ _1\"></span>e primarily due <span class=\"_ _1\"></span>to timing diff<span class=\"_ _1\"></span>erences in income r<span class=\"_ _1\"></span>ecognition between <span class=\"_ _1\"></span>the derivativ<span class=\"_ _1\"></span>e instruments and the economically hedg<span class=\"_ _1\"></span>ed assets and liabilities. Such differ<span class=\"_ _1\"></span>ences will r<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>se over<span class=\"_ _0\"></span> time and have no impact on <span class=\"_ _1\"></span>the cash flow<span class=\"_ _1\"></span>s of <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. The impact of<span class=\"_ _1\"></span> hedging arrangements on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s balance sheet is summarised in note 24 <span class=\"_ _1\"></span>which also pro<span class=\"_ _1\"></span>vides a full description o<span class=\"_ _1\"></span>f the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s use of deriv<span class=\"_ _1\"></span>ative <span class=\"_ _1\"></span>financial instruments for<span class=\"_ _1\"></span> hedging purposes.<span class=\"_ _393\"> </span>24. <span class=\"_ _33\"></span>Derivative <span class=\"_ _1\"></span>financial instruments and hedg<span class=\"_ _1\"></span>e accounting<span class=\"_ _393\"> </span>Introduction<span class=\"_ _393\"> </span>The Group uses deriv<span class=\"_ _1\"></span>ative <span class=\"_ _1\"></span>financial instruments such as interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>aps for<span class=\"_ _1\"></span> risk management<span class=\"_ _1\"></span> purposes only<span class=\"_ _1\"></span>. Each such derivativ<span class=\"_ _1\"></span>e contract is enter<span class=\"_ _1\"></span>ed into f<span class=\"_ _1\"></span>or economic hedging purposes <span class=\"_ _1\"></span>to manage a particular<span class=\"_ _1\"></span> identified risk (as described in no<span class=\"_ _1\"></span>tes 58 to 61) and an<span class=\"_ _1\"></span>y gains or<span class=\"_ _1\"></span> losses arising are incidental <span class=\"_ _1\"></span>to this objectiv<span class=\"_ _1\"></span>e. No trading in deriv<span class=\"_ _1\"></span>ative financial instruments is undertak<span class=\"_ _1\"></span>en.<span class=\"_ _393\"> </span>Hedge accounting is applied wher<span class=\"_ _1\"></span>e appr<span class=\"_ _1\"></span>opriate, though some deriv<span class=\"_ _1\"></span>atives, <span class=\"_ _1\"></span>while forming part o<span class=\"_ _1\"></span>f an economic hedge r<span class=\"_ _1\"></span>elationship, do not qualify<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> this accounting <span class=\"_ _1\"></span>treatment under<span class=\"_ _0\"></span> the IAS 39 rules, particularly <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the hedged risk r<span class=\"_ _1\"></span>elates t<span class=\"_ _1\"></span>o an off balance shee<span class=\"_ _1\"></span>t item. In other<span class=\"_ _1\"></span> cases, hedge accounting has not been adopt<span class=\"_ _1\"></span>ed either because natural accounting o<span class=\"_ _1\"></span>ffsets are e<span class=\"_ _1\"></span>xpected or because complying with <span class=\"_ _1\"></span>the IAS 39 hedge accounting rules <span class=\"_ _1\"></span>would be particularly<span class=\"_ _1\"></span> onerous.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s hedging arrangements can be analy<span class=\"_ _1\"></span>sed for<span class=\"_ _1\"></span> accounting purposes between:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alue hedges of<span class=\"_ _1\"></span> portfolio inter<span class=\"_ _1\"></span>est rate risk, <span class=\"_ _1\"></span>which are used <span class=\"_ _1\"></span>to manage <span class=\"_ _1\"></span>the interest<span class=\"_ _1\"></span> rate risk inher<span class=\"_ _1\"></span>ent in fix<span class=\"_ _1\"></span>ed rate lending and deposit taking<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alue hedges of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk r<span class=\"_ _1\"></span>elating to individual <span class=\"_ _1\"></span>financial assets or<span class=\"_ _1\"></span> liabilities<span class=\"_ _393\"> </span>An economic hedge of<span class=\"_ _1\"></span> the inter<span class=\"_ _1\"></span>est rate risk<span class=\"_ _1\"></span> in fixed r<span class=\"_ _1\"></span>ate lending must also addr<span class=\"_ _1\"></span>ess pipeline exposures, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>future lending at a giv<span class=\"_ _1\"></span>en fixed rat<span class=\"_ _1\"></span>e is anticipated. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, such pre-hedging arrang<span class=\"_ _1\"></span>ements do not qualify<span class=\"_ _1\"></span> as hedges for<span class=\"_ _0\"></span> accounting purposes.<span class=\"_ _393\"> </span>In addition, the Gr<span class=\"_ _1\"></span>oup utilises currenc<span class=\"_ _1\"></span>y deriv<span class=\"_ _1\"></span>atives t<span class=\"_ _1\"></span>o hedge its exposur<span class=\"_ _1\"></span>e on the small amount of<span class=\"_ _0\"></span> its lending denominated in foreign currencies. <span class=\"_ _1\"></span>These ar<span class=\"_ _1\"></span>e not tr<span class=\"_ _0\"></span>eated as hedges for<span class=\"_ _1\"></span> accounting purposes due to <span class=\"_ _1\"></span>the low le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f exposur<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span>While the Gr<span class=\"_ _1\"></span>oup utilises economic hedging strategies t<span class=\"_ _1\"></span>o mitigate the impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the changes in mark<span class=\"_ _1\"></span>et inter<span class=\"_ _1\"></span>est rates on its capital base, these activities do not giv<span class=\"_ _1\"></span>e rise to accounting entries.<span class=\"_ _393\"> </span>The analysis belo<span class=\"_ _1\"></span>w splits deriv<span class=\"_ _1\"></span>atives between <span class=\"_ _1\"></span>those accounted f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>within portfolio f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value hedg<span class=\"_ _1\"></span>es and those <span class=\"_ _1\"></span>which, despite repr<span class=\"_ _1\"></span>esenting an economic hedge, ar<span class=\"_ _1\"></span>e not accounted f<span class=\"_ _1\"></span>or as hedg<span class=\"_ _1\"></span>es. <table class=\"s w14f hfe\" id=\"_42cd9ca8-a940-4b47-a359-944a1b190546\"><tr><td></td><td class=\"c n x4e2 y3d35 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3d35 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3d35 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3d35 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7a7 y3cb3 w1da hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a8 y3cb3 w1db hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a9 y3cb3 w1dc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x7aa y3cb3 w1dd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Liabilities<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c5d w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c5d w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c5d w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c5d w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d36 ff49 fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>es in hedge accounting r<span class=\"_ _1\"></span>elationships<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h94 y3d37 ff66 fs4 fc1 sc0 ls0 ws0\">Fair value portf<span class=\"_ _1\"></span>olio hedges<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3d38 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te swap<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c5f w1de hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fixed to floating<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ab y3c5f w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">101.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ac y3c5f w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(34.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ad y3c5f w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">216.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ae y3c5f w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(44.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c60 w1de hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Floating to fixed<span class=\"_ _393\"> </span></div></td><td class=\"c n x7af y3c60 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">92.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b0 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b1 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">123.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b2 y3c60 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w1df hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal deriv<span class=\"_ _1\"></span>atives in portf<span class=\"_ _1\"></span>olio fair value hedging r<span class=\"_ _1\"></span>elationships<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b3 y3c40 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">193.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b4 y3c40 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(36.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b5 y3c40 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">340.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b6 y3c40 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(46.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h94 y3d39 ff66 fs4 fc1 sc0 ls0 ws0\">Individual fair value hedges<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c61 w1de hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fixed to floating<span class=\"_ _393\"> </span></div></td><td class=\"c n x7af y3c61 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b7 y3c61 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b8 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x7b9 y3c61 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c63 w1de hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Floating to fixed<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ba y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7bb y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7bc y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x7bd y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w1e0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal deriv<span class=\"_ _1\"></span>atives in hedge accoun<span class=\"_ _1\"></span>ting relationships<span class=\"_ _393\"> </span></div></td><td class=\"c n x698 y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">234.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x7be y3c4e w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(36.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7bf y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">346.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c0 y3c4e w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(54.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d3a ff49 fs4 fc1 sc0 ls0 ws0\">Other derivativ<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w1e1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te swap<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c1 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c2 y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(31.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c3 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c4 y3c62 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(44.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w1e2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Currency futures<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c5 y3c65 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c6 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c7 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c8 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1e3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal r<span class=\"_ _1\"></span>ecognised derivativ<span class=\"_ _1\"></span>e assets / (liabilities)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7c9 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ca y3c48 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(68.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7cb y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x7cc y3c48 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(99.7)<span class=\"_ _393\"> </span></div></td></tr></table>The credit<span class=\"_ _1\"></span> risk inherent in <span class=\"_ _1\"></span>the derivativ<span class=\"_ _1\"></span>e financial assets sho<span class=\"_ _1\"></span>wn above is discussed in no<span class=\"_ _1\"></span>te 59<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>The balances held on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s balance sheet relating t<span class=\"_ _1\"></span>o the hedging of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk on its <span class=\"_ _1\"></span>fixed rate cust<span class=\"_ _1\"></span>omer loan and deposit balances are summarised belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w139 hff\" id=\"_f71c72f0-0b21-40f1-ad90-60a38c362c12\"><tr><td></td><td></td><td class=\"c n x7cd y3c39 w1e4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _e1\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x7ce y3c39 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c3a w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c3a w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3b ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial instruments<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x260 y3c5e w1e5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x7cf y3c5e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c5e w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c3c w1e6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">Liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3eb y3c3c w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(68.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ec y3c3c w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(99.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3de y3c3d w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">207.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c3d w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">292.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3c ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue hedging adjustments<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c60 w1e7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">On loans to customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c2 y3c60 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d0 y3c60 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d1 y3c60 w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(75.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w1e8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">On inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c40 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d2 y3c40 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(26.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d3 y3c40 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w1e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">On retail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c41 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d4 y3c41 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d5 y3c41 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w1ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">On borrowings<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x7d6 y3c42 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d7 y3c42 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x7d8 y3c43 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(37.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7d9 y3c43 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(84.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w1eb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net balance sheet position<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e0 y3c4e w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">169.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">207.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3d ff4a fs4 fc1 sc0 ls0 ws0\">Collater<span class=\"_ _1\"></span>al balances<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c50 w1ec hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Posted (in sundry assets)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7da y3c50 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n x558 y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7db y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c65 w1ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Received (in sundry liabilities)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7dc y3c65 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n x7dd y3c65 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(189.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7de y3c65 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(103.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x7df y3c48 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(189.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e0 y3c48 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(103.6)<span class=\"_ _393\"> </span></div></td></tr></table>(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>F<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>alue macro hedges<span class=\"_ _393\"> </span>Background and hedging objectives<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges of<span class=\"_ _1\"></span> portfolios o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est rate risk (\u2018macr<span class=\"_ _0\"></span>o hedges\u2019) arise fr<span class=\"_ _1\"></span>om its management of<span class=\"_ _1\"></span> the inter<span class=\"_ _1\"></span>est rate risk<span class=\"_ _1\"></span> inherent in its <span class=\"_ _1\"></span>fixed rat<span class=\"_ _1\"></span>e lending and deposit-taking activities. <span class=\"_ _1\"></span>These activities w<span class=\"_ _1\"></span>ould expose the Gr<span class=\"_ _1\"></span>oup t<span class=\"_ _1\"></span>o movement in mark<span class=\"_ _0\"></span>et interest r<span class=\"_ _1\"></span>ates if no<span class=\"_ _1\"></span>t hedged. This position arises naturally<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e fix<span class=\"_ _1\"></span>ed rate loans ar<span class=\"_ _1\"></span>e funded with <span class=\"_ _1\"></span>floating or <span class=\"_ _1\"></span>variable r<span class=\"_ _1\"></span>ate borro<span class=\"_ _1\"></span>wings, but may<span class=\"_ _1\"></span> also arise wher<span class=\"_ _1\"></span>e retail deposit funding is used. <span class=\"_ _1\"></span>Where possible <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>takes adv<span class=\"_ _1\"></span>antage of<span class=\"_ _1\"></span> natural hedging betw<span class=\"_ _1\"></span>een fix<span class=\"_ _1\"></span>ed rate assets and deposits, but it is unlikely<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> a precise match <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and tenor<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the instruments could be achie<span class=\"_ _1\"></span>ved leaving unmatched items on bo<span class=\"_ _1\"></span>th sides. This is re<span class=\"_ _1\"></span>ferred <span class=\"_ _1\"></span>to as r<span class=\"_ _1\"></span>epricing or duration risk<span class=\"_ _1\"></span> and is controlled <span class=\"_ _1\"></span>within limits under <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s interest r<span class=\"_ _1\"></span>ate risk management pr<span class=\"_ _1\"></span>ocess, described in note 59<span class=\"_ _1\"></span>. In order<span class=\"_ _1\"></span> to manag<span class=\"_ _1\"></span>e these exposur<span class=\"_ _1\"></span>es, the<span class=\"_ _1\"></span>y ar<span class=\"_ _0\"></span>e hedged with financial derivativ<span class=\"_ _1\"></span>es and f<span class=\"_ _1\"></span>orm part of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s portfolio hedging arrangements. Dur<span class=\"_ _1\"></span>ation risk is monitor<span class=\"_ _1\"></span>ed regularly<span class=\"_ _1\"></span> to ensur<span class=\"_ _1\"></span>e mismatches or<span class=\"_ _1\"></span> gaps remain <span class=\"_ _1\"></span>within limits set b<span class=\"_ _1\"></span>y policy<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Responsibility<span class=\"_ _1\"></span> to dir<span class=\"_ _1\"></span>ect and ov<span class=\"_ _1\"></span>ersee structural inter<span class=\"_ _1\"></span>est rate risk manag<span class=\"_ _1\"></span>ement has been delegated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Board <span class=\"_ _1\"></span>to the Ex<span class=\"_ _1\"></span>ecutive Risk Committee (\u2018ERC\u2019) and by<span class=\"_ _1\"></span> ERC to <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>Asset and Liability Committ<span class=\"_ _1\"></span>ee (\u2018<span class=\"_ _0\"></span>ALCO\u2019). <span class=\"_ _0\"></span>A hedging strategy<span class=\"_ _1\"></span> is dev<span class=\"_ _1\"></span>eloped for<span class=\"_ _1\"></span> each fix<span class=\"_ _1\"></span>ed product considering behavioural characteristics, such as <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> a customer<span class=\"_ _1\"></span> is likely<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>epay<span class=\"_ _1\"></span> befor<span class=\"_ _1\"></span>e contractual maturity<span class=\"_ _0\"></span>. This is re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed from time to time with any<span class=\"_ _1\"></span> changes agreed with AL<span class=\"_ _0\"></span>CO.<span class=\"_ _393\"> </span>In order<span class=\"_ _1\"></span> to manag<span class=\"_ _1\"></span>e potential exposur<span class=\"_ _1\"></span>e to chang<span class=\"_ _1\"></span>es in interest r<span class=\"_ _1\"></span>ates between <span class=\"_ _1\"></span>the point at which <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate products ar<span class=\"_ _1\"></span>e priced and the advance date, it ma<span class=\"_ _1\"></span>y be necessary<span class=\"_ _1\"></span> to undertak<span class=\"_ _0\"></span>e pre-hedging of assets in <span class=\"_ _1\"></span>the pipeline. Interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>aps used to pr<span class=\"_ _1\"></span>e-hedge pipeline loan exposures, <span class=\"_ _1\"></span>which are no<span class=\"_ _1\"></span>t y<span class=\"_ _1\"></span>et r<span class=\"_ _1\"></span>ecognised on the balance sheet, can cause unmatched <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value costs or<span class=\"_ _0\"></span> credits to arise until both sides of<span class=\"_ _1\"></span> the hedge can be r<span class=\"_ _1\"></span>ecognised within <span class=\"_ _1\"></span>the inter<span class=\"_ _1\"></span>est rate portfolio hedging arr<span class=\"_ _1\"></span>angement, generally<span class=\"_ _1\"></span> a f<span class=\"_ _1\"></span>ew<span class=\"_ _1\"></span> months after <span class=\"_ _1\"></span>the inception of<span class=\"_ _1\"></span> the deriv<span class=\"_ _1\"></span>ative contract.<span class=\"_ _393\"> </span>In managing interest r<span class=\"_ _1\"></span>ate exposur<span class=\"_ _1\"></span>e, T<span class=\"_ _e\"></span>reasury ma<span class=\"_ _1\"></span>y use inter<span class=\"_ _1\"></span>est rate s<span class=\"_ _1\"></span>waps, <span class=\"_ _1\"></span>forwar<span class=\"_ _1\"></span>d rate agr<span class=\"_ _1\"></span>eements, swap<span class=\"_ _1\"></span>tions or inter<span class=\"_ _1\"></span>est rate caps and floors. How<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, interest rate s<span class=\"_ _1\"></span>waps ar<span class=\"_ _1\"></span>e the most gener<span class=\"_ _1\"></span>ally used instruments.<span class=\"_ _393\"> </span>This policy<span class=\"_ _1\"></span> creates <span class=\"_ _1\"></span>two macr<span class=\"_ _1\"></span>o hedges:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The \u2018loan hedge<span class=\"_ _1\"></span>\u2019 matching <span class=\"_ _1\"></span>fixed rate buy<span class=\"_ _1\"></span>-to-let mortg<span class=\"_ _1\"></span>age assets, or<span class=\"_ _1\"></span> other <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate assets, with inter<span class=\"_ _1\"></span>est rate s<span class=\"_ _1\"></span>waps <span class=\"_ _1\"></span>to convert<span class=\"_ _1\"></span> the interest r<span class=\"_ _0\"></span>eceivable to a floating r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The \u2018<span class=\"_ _1\"></span>deposit hedge<span class=\"_ _1\"></span>\u2019 matching fix<span class=\"_ _1\"></span>ed rate deposits <span class=\"_ _1\"></span>with interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>aps which operat<span class=\"_ _1\"></span>es in the opposite dir<span class=\"_ _1\"></span>ection, converting <span class=\"_ _1\"></span>the fixed rat<span class=\"_ _1\"></span>e interest pa<span class=\"_ _1\"></span>yable <span class=\"_ _1\"></span>to floating rate amounts<span class=\"_ _393\"> </span>During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup has continued to hedg<span class=\"_ _1\"></span>e interest r<span class=\"_ _1\"></span>ate risk on fix<span class=\"_ _1\"></span>ed rate CBILS and BBL<span class=\"_ _1\"></span>S exposures using SONIA-link<span class=\"_ _1\"></span>ed balance guaranteed sw<span class=\"_ _1\"></span>aps, which ar<span class=\"_ _1\"></span>e included in the loan hedg<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span>The designation of<span class=\"_ _1\"></span> the macr<span class=\"_ _1\"></span>o hedges is updated, on a month-b<span class=\"_ _1\"></span>y-month basis, using softwar<span class=\"_ _1\"></span>e which compar<span class=\"_ _0\"></span>es the overall <span class=\"_ _1\"></span>tenor<span class=\"_ _0\"></span>, value and rate positions in or<span class=\"_ _1\"></span>der <span class=\"_ _1\"></span>that the expect<span class=\"_ _1\"></span>ed fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue movement<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the designated sw<span class=\"_ _1\"></span>aps matches the e<span class=\"_ _1\"></span>xpected interest<span class=\"_ _1\"></span> rate risk related mo<span class=\"_ _1\"></span>vement in <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant assets or<span class=\"_ _1\"></span> liabilities as closely as possible o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the designation period. <span class=\"_ _1\"></span>The softw<span class=\"_ _1\"></span>are applies regr<span class=\"_ _1\"></span>ession analysis <span class=\"_ _1\"></span>techniques to <span class=\"_ _1\"></span>the potential impact of<span class=\"_ _0\"></span> changes in expected interest r<span class=\"_ _1\"></span>ates over<span class=\"_ _0\"></span> the designation period to maximise expected hedge e<span class=\"_ _1\"></span>ffectiveness on a pr<span class=\"_ _1\"></span>ospective basis. <span class=\"_ _1\"></span>The <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the portf<span class=\"_ _1\"></span>olio of loans or<span class=\"_ _0\"></span> deposits selected is then designated, as a monetary<span class=\"_ _1\"></span> amount of int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e risk, as the hedged it<span class=\"_ _1\"></span>em, while the portf<span class=\"_ _1\"></span>olio of<span class=\"_ _1\"></span> swaps selected ar<span class=\"_ _0\"></span>e designated as the hedging instruments.<span class=\"_ _393\"> </span>Any<span class=\"_ _1\"></span> swaps no<span class=\"_ _1\"></span>t selected in this pr<span class=\"_ _1\"></span>ocess are disclosed as deriv<span class=\"_ _1\"></span>atives not<span class=\"_ _1\"></span> in hedging relationships. <span class=\"_ _1\"></span>These will g<span class=\"_ _1\"></span>enerally<span class=\"_ _1\"></span> be swaps <span class=\"_ _1\"></span>taken out to pr<span class=\"_ _1\"></span>e-hedge <span class=\"_ _1\"></span>the pipeline of <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate mortgage off<span class=\"_ _1\"></span>ers, which <span class=\"_ _1\"></span>will match with <span class=\"_ _1\"></span>the relat<span class=\"_ _1\"></span>ed loans when <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> complete.<span class=\"_ _393\"> </span>At <span class=\"_ _1\"></span>the end of each designation period <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>will assess the e<span class=\"_ _1\"></span>ffectiveness of<span class=\"_ _0\"></span> each hedge retrospectiv<span class=\"_ _1\"></span>ely<span class=\"_ _0\"></span>, based on fair <span class=\"_ _1\"></span>value movements (<span class=\"_ _1\"></span>relating <span class=\"_ _1\"></span>to inter<span class=\"_ _1\"></span>est rate risk components only<span class=\"_ _1\"></span>) which ha<span class=\"_ _1\"></span>ve occurr<span class=\"_ _1\"></span>ed in the period. Mo<span class=\"_ _1\"></span>vements ar<span class=\"_ _1\"></span>e compared <span class=\"_ _1\"></span>to pre-determined <span class=\"_ _1\"></span>test <span class=\"_ _1\"></span>thresholds using r<span class=\"_ _1\"></span>egression <span class=\"_ _1\"></span>techniques t<span class=\"_ _1\"></span>o determine whether<span class=\"_ _0\"></span> the hedge w<span class=\"_ _1\"></span>as effective in <span class=\"_ _1\"></span>the period.<span class=\"_ _393\"> </span>Potential sour<span class=\"_ _1\"></span>ces of<span class=\"_ _1\"></span> ineffectiveness<span class=\"_ _393\"> </span>The Group has identified <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>ollowing possible sources o<span class=\"_ _1\"></span>f hedg<span class=\"_ _1\"></span>e ineffectiveness in its portf<span class=\"_ _1\"></span>olio hedges of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate risk:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The maturity<span class=\"_ _1\"></span> profile o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging instruments may<span class=\"_ _1\"></span> not exactly<span class=\"_ _1\"></span> match that o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedged items, particularly<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e hedged items settle early<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The use of<span class=\"_ _1\"></span> derivativ<span class=\"_ _1\"></span>es as a hedge of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk additionally<span class=\"_ _1\"></span> exposes the Gr<span class=\"_ _0\"></span>oup to the derivativ<span class=\"_ _1\"></span>e counterparties\u2019 cr<span class=\"_ _1\"></span>edit risk, which is not matched in <span class=\"_ _1\"></span>the hedged item. <span class=\"_ _1\"></span>This risk is minimised b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>transacting only <span class=\"_ _1\"></span>with high quality count<span class=\"_ _1\"></span>erparties and thr<span class=\"_ _1\"></span>ough collateralisation arrang<span class=\"_ _1\"></span>ements (as described in note 59<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>The use of<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent discounting curves in measuring <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value chang<span class=\"_ _1\"></span>es in the hedged it<span class=\"_ _1\"></span>ems and hedging instruments<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Differ<span class=\"_ _1\"></span>ence in the <span class=\"_ _1\"></span>timing of int<span class=\"_ _1\"></span>erest pa<span class=\"_ _1\"></span>yments on the hedged items and se<span class=\"_ _1\"></span>ttlements on the hedging instruments<span class=\"_ _393\"> </span>These sources o<span class=\"_ _1\"></span>f ineff<span class=\"_ _1\"></span>ectiveness ar<span class=\"_ _1\"></span>e minimised by<span class=\"_ _1\"></span> the portfolio matching pr<span class=\"_ _0\"></span>ocess, which seeks to match <span class=\"_ _1\"></span>the terms of<span class=\"_ _0\"></span> the items as closely as possible.<span class=\"_ _393\"> </span>In addition to <span class=\"_ _1\"></span>the hedging ineffectiv<span class=\"_ _1\"></span>eness described above, gr<span class=\"_ _1\"></span>oup pro<span class=\"_ _1\"></span>fit will also be aff<span class=\"_ _1\"></span>ected by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value mo<span class=\"_ _1\"></span>vements of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate sw<span class=\"_ _1\"></span>ap agreements <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ere enter<span class=\"_ _1\"></span>ed into as part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s interest rate risk<span class=\"_ _1\"></span> hedging strategy<span class=\"_ _1\"></span> but failed <span class=\"_ _1\"></span>to find a match in the hedging portfolio, particularly<span class=\"_ _1\"></span> those r<span class=\"_ _1\"></span>elating to <span class=\"_ _1\"></span>the pre-hedging o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the lending pipeline.<span class=\"_ _393\"> </span>Hedging Instruments<span class=\"_ _393\"> </span>The hedging portfolios at 30 Sept<span class=\"_ _1\"></span>ember 2025 and 30 Sept<span class=\"_ _1\"></span>ember 2024 consist o<span class=\"_ _1\"></span>f a lar<span class=\"_ _1\"></span>ge number o<span class=\"_ _1\"></span>f sterling denominat<span class=\"_ _1\"></span>ed swaps. In addition, ther<span class=\"_ _1\"></span>e are a small number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> Balance Guarantee Sw<span class=\"_ _1\"></span>aps (\u2018BGS\u2019) in place at both dates. Settlement on all s<span class=\"_ _1\"></span>waps is g<span class=\"_ _1\"></span>enerally quarterly (<span class=\"_ _1\"></span>monthly <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> BGS) wher<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>One payment is calculated based on a <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate of int<span class=\"_ _1\"></span>erest and <span class=\"_ _1\"></span>the nominal v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the sw<span class=\"_ _1\"></span>ap<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>An opposite payment is calculat<span class=\"_ _1\"></span>ed based on the same nominal <span class=\"_ _1\"></span>value but using a <span class=\"_ _1\"></span>floating interest r<span class=\"_ _1\"></span>ate set at a <span class=\"_ _1\"></span>fixed margin o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the SONIA r<span class=\"_ _1\"></span>efer<span class=\"_ _1\"></span>ence rate<span class=\"_ _393\"> </span>On the BGS <span class=\"_ _1\"></span>the nominal v<span class=\"_ _1\"></span>alue of <span class=\"_ _1\"></span>the sw<span class=\"_ _1\"></span>ap is linked <span class=\"_ _1\"></span>to the principal <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f a pool of<span class=\"_ _1\"></span> assets and r<span class=\"_ _1\"></span>educes in line with r<span class=\"_ _1\"></span>edemptions and repa<span class=\"_ _1\"></span>yments until maturity<span class=\"_ _1\"></span>. Other int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e swaps ha<span class=\"_ _1\"></span>ve a fix<span class=\"_ _1\"></span>ed nominal v<span class=\"_ _1\"></span>alue thr<span class=\"_ _1\"></span>oughout <span class=\"_ _1\"></span>their liv<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span>The Group pa<span class=\"_ _1\"></span>ys <span class=\"_ _1\"></span>fixed rate and r<span class=\"_ _1\"></span>eceives <span class=\"_ _1\"></span>floating rate <span class=\"_ _1\"></span>when hedging exposures <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>fixed rate asse<span class=\"_ _1\"></span>ts (in the loan hedge<span class=\"_ _1\"></span>). Conv<span class=\"_ _1\"></span>ersely<span class=\"_ _1\"></span>, the Group pa<span class=\"_ _1\"></span>ys floating r<span class=\"_ _1\"></span>ate and receiv<span class=\"_ _1\"></span>es fixed r<span class=\"_ _1\"></span>ate when hedging <span class=\"_ _1\"></span>fixed rat<span class=\"_ _1\"></span>e deposits, in the deposit hedge.<span class=\"_ _393\"> </span>The principal terms o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging instruments are set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>, analysed betw<span class=\"_ _1\"></span>een the <span class=\"_ _1\"></span>two dir<span class=\"_ _1\"></span>ections of <span class=\"_ _1\"></span>the sw<span class=\"_ _1\"></span>ap.<span class=\"_ _393\"> </span><table class=\"s w1ee h100\" id=\"_d78ab7d8-a2ed-477f-9604-cafb7bf4f9ed\"><tr><td></td><td></td><td class=\"c n x7e1 y3c3a w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x7e2 y3c3a w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x19f y3c3b w1ef hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Deposit Hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e3 y3c3b w1f0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loan Hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e4 y3c3b w1f1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposit Hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e5 y3c3b w1f2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan Hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w1f3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age fix<span class=\"_ _1\"></span>ed notional inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e6 y3c5e w15a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.12%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e7 y3c5e w16c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.13%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e8 y3c5e w164 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.73%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e9 y3c5e w162 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.53%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w1f4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age notional mar<span class=\"_ _1\"></span>gin over SONIA<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ea y3c3c w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7eb y3c3c w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ec y3c3c w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ed y3c3c w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c3e w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3e ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c40 w1f5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">SONIA BGS<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ee y3c40 w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ef y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x562 y3c40 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f0 y3c40 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c41 w1f6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other SONIA swaps<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f1 y3c41 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,120.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f2 y3c41 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,402.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f3 y3c41 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,119.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f4 y3c41 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,081.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7f5 y3c42 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,120.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f6 y3c42 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,409.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f7 y3c42 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,119.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f8 y3c42 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,098.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d3f ff4a fs4 fc1 sc0 ls0 ws0\">Maturing<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c63 w1f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f1 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,424.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f2 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,869.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f3 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,942.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f4 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,234.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w1f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between one and two years<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f9 y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">654.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fa y3c4e w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3,200.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fb y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,097.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fc y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,930.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w1f9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between two and five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fd y3c4f w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">42.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fe y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4,333.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x33d y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">80.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f4 y3c4f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,916.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 w1fa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">More than five years<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ff y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x423 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x800 y3c45 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7f5 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,120.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f6 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,409.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f7 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,119.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7f8 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,098.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x801 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">90.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x802 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">66.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x803 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">122.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ce y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">171.6<span class=\"_ _393\"> </span></div></td></tr></table>The v<span class=\"_ _1\"></span>alues included abov<span class=\"_ _1\"></span>e for<span class=\"_ _0\"></span> BGS are analysed by<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> contractual maturity<span class=\"_ _1\"></span> dates although, due to <span class=\"_ _1\"></span>the terms o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the instruments, it is likely<span class=\"_ _1\"></span> that <span class=\"_ _1\"></span>the balance outstanding will r<span class=\"_ _1\"></span>educe more quickly<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The changes in <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of hedging sho<span class=\"_ _1\"></span>wn above arise <span class=\"_ _1\"></span>from chang<span class=\"_ _1\"></span>es in the size and seasoning o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s fixed r<span class=\"_ _1\"></span>ate loan book and fix<span class=\"_ _1\"></span>ed rate deposit book in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. These effects ar<span class=\"_ _1\"></span>e offset b<span class=\"_ _1\"></span>y adjustments <span class=\"_ _1\"></span>to ov<span class=\"_ _1\"></span>erall balance sheet hedging objectiv<span class=\"_ _1\"></span>es. T<span class=\"_ _1\"></span>he changes in fair<span class=\"_ _0\"></span> value ar<span class=\"_ _1\"></span>e a result of<span class=\"_ _1\"></span> mov<span class=\"_ _1\"></span>es in marke<span class=\"_ _1\"></span>t implied interest r<span class=\"_ _1\"></span>ates compared <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>ates on the <span class=\"_ _1\"></span>fixed legs of<span class=\"_ _1\"></span> the s<span class=\"_ _1\"></span>waps.<span class=\"_ _393\"> </span>Accounting impacts<span class=\"_ _393\"> </span>Movements aff<span class=\"_ _1\"></span>ecting the portf<span class=\"_ _1\"></span>olio fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges during the <span class=\"_ _0\"></span>year are se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w1fc h101\" id=\"_c9fde133-2dd4-4455-8965-d5eef0a3f015\"><tr><td></td><td class=\"c n x804 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x805 y3c60 w12 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x806 y3c40 w1fd hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Deposit hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x807 y3c40 w1fe hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loan hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x808 y3c40 w1ff hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposit hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x809 y3c40 w200 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x80a y3c41 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80b y3c41 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80c y3c41 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80d y3c41 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d40 ff49 fs4 fc1 sc0 ls0 ws0\">Hedging instruments<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h6f y3d41 ff67 fs4 fc1 sc0 ls0 ws0\">Interes<span class=\"_ _1\"></span>t rate swaps<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w201 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x80e y3c63 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">92.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x80f y3c63 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">101.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x810 y3c63 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">123.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x811 y3c63 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">216.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w202 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x812 y3c4e w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x813 y3c4e w37 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(34.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x814 y3c4e w46 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x815 y3c4e w71 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(44.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x816 y3c4f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">90.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x817 y3c4f w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">66.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x818 y3c4f w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">122.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x819 y3c4f w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">171.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w203 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></div></td><td class=\"c n x81a y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,120.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x35d y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,409.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x411 y3c50 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,119.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x81b y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,098.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w204 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Change in fair v<span class=\"_ _1\"></span>alue used in calculating hedge ine<span class=\"_ _1\"></span>ffectiv<span class=\"_ _1\"></span>eness<span class=\"_ _393\"> </span></div></td><td class=\"c n x81c y3c48 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x81d y3c48 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(79.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x81e y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">48.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x81f y3c48 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(339.6)<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w205 h102\" id=\"_2e3fd647-4994-4570-89c7-23b565ef236a\"><tr><td></td><td></td><td class=\"c n x820 y3d42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x821 y3d42 w12 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x806 y3d43 w1fd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Deposit hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x807 y3d43 w1fe hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loan hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x808 y3d43 w1ff hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposit hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x809 y3d43 w200 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loan hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x80a y3d44 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80b y3d44 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80c y3d44 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x80d y3d44 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d45 ff49 fs4 fc1 sc0 ls0 ws0\">Hedged items<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h6f y3d46 ff67 fs4 fc1 sc0 ls0 ws0\">Fixed rate deposits<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d47 w206 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Monetary amount of risk r<span class=\"_ _1\"></span>elating to R<span class=\"_ _1\"></span>etail Deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x822 y3d47 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,839.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x823 y3d47 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x417 y3d47 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,568.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x824 y3d47 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h6f y3d48 ff67 fs4 fc1 sc0 ls0 ws0\">Fixed rate loans<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d49 w207 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Monetary amount of risk r<span class=\"_ _1\"></span>elating to Loans to Cus<span class=\"_ _1\"></span>tomers<span class=\"_ _393\"> </span></div></td><td class=\"c n x825 y3d49 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x826 y3d49 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,774.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x827 y3d49 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x45a y3d49 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,135.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d4a ff4a fs4 fc1 sc0 ls0 ws0\">Accumulated amount of f<span class=\"_ _1\"></span>air value hedg<span class=\"_ _1\"></span>e adjustments included on balance </td><td class=\"c n x828 y3d4b w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x829 y3d4b w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x82a y3d4b w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x82b y3d4b w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(75.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d4c ff4a fs4 fc1 sc0 ls0 ws0\">sheet (notes 31 and 16)*<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3d4d ff4a fs4 fc1 sc0 ls0 ws0\">Of which: amounts relat<span class=\"_ _1\"></span>ed to discontinued hedging r<span class=\"_ _1\"></span>elationships  </td><td class=\"c n x80a y3d4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x82c y3d4e w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">49.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x82d y3d4e w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x82e y3d4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d4f ff4a fs4 fc1 sc0 ls0 ws0\">being amortised<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 w208 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Change in fair v<span class=\"_ _1\"></span>alue used in recognising hedge ine<span class=\"_ _1\"></span>ff<span class=\"_ _1\"></span>ectiveness<span class=\"_ _393\"> </span></div></td><td class=\"c n x82f y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x830 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">86.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x831 y3c45 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(41.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x832 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">336.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d50 ff49 fs4 fc1 sc0 ls0 ws0\">Hedge ineff<span class=\"_ _1\"></span>ectiveness recognised<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c48 w209 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in fair v<span class=\"_ _1\"></span>alue gains / (losses) in the profit and loss accoun<span class=\"_ _1\"></span>t (note 11)<span class=\"_ _393\"> </span></div></td><td class=\"c n x833 y3c48 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x834 y3c48 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x835 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x836 y3c48 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr></table>* <span class=\"_ _9\"></span>Under the IAS 39 rules relating <span class=\"_ _1\"></span>to fair<span class=\"_ _1\"></span> value hedg<span class=\"_ _1\"></span>e accounting for<span class=\"_ _1\"></span> portfolios of<span class=\"_ _1\"></span> interest rate risk, <span class=\"_ _1\"></span>the change in the <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the hedged items attributable <span class=\"_ _1\"></span>to the hedged risk is shown as \u2018fair <span class=\"_ _1\"></span>value adjustments <span class=\"_ _1\"></span>from portfolio hedging\u2019 next <span class=\"_ _1\"></span>to the carrying <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the hedged assets or<span class=\"_ _1\"></span> liabilities in the appropriat<span class=\"_ _1\"></span>e note.<span class=\"_ _393\"> </span>(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>F<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value micr<span class=\"_ _1\"></span>o hedges<span class=\"_ _393\"> </span>Background and hedging objectives<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s individual fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk (\u2018micr<span class=\"_ _1\"></span>o hedges<span class=\"_ _1\"></span>\u2019) relate <span class=\"_ _1\"></span>to its long-<span class=\"_ _1\"></span>term fix<span class=\"_ _1\"></span>ed interest<span class=\"_ _1\"></span> rate liabilities and its investments in <span class=\"_ _1\"></span>fixed-rat<span class=\"_ _1\"></span>e securities. The structur<span class=\"_ _0\"></span>e of these borr<span class=\"_ _1\"></span>owings and inv<span class=\"_ _1\"></span>estments exposes the Gr<span class=\"_ _1\"></span>oup to int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e risk, in the ev<span class=\"_ _1\"></span>ent of<span class=\"_ _1\"></span> an adverse mov<span class=\"_ _1\"></span>ement in mark<span class=\"_ _1\"></span>et interest<span class=\"_ _1\"></span> rates, and it hedges ag<span class=\"_ _1\"></span>ainst such mov<span class=\"_ _1\"></span>ements. In each case the hedge <span class=\"_ _1\"></span>takes <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>orm of a single inter<span class=\"_ _0\"></span>est rate swap <span class=\"_ _1\"></span>which is intended to be in place <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the expected <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate period of <span class=\"_ _1\"></span>the relat<span class=\"_ _1\"></span>ed borrowing or<span class=\"_ _0\"></span> investment. T<span class=\"_ _1\"></span>he terms of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>fixed rat<span class=\"_ _1\"></span>e leg of <span class=\"_ _1\"></span>the derivativ<span class=\"_ _1\"></span>e match the <span class=\"_ _1\"></span>terms of<span class=\"_ _1\"></span> the borr<span class=\"_ _1\"></span>owing or<span class=\"_ _1\"></span> investment as <span class=\"_ _1\"></span>far<span class=\"_ _1\"></span> as possible and each hedging relationship <span class=\"_ _1\"></span>was designated at <span class=\"_ _1\"></span>the point at <span class=\"_ _1\"></span>which the sw<span class=\"_ _1\"></span>ap contract <span class=\"_ _1\"></span>was enter<span class=\"_ _1\"></span>ed into. Each hedging relationship is <span class=\"_ _1\"></span>tested f<span class=\"_ _1\"></span>or eff<span class=\"_ _1\"></span>ectiveness on a monthly<span class=\"_ _1\"></span> basis by<span class=\"_ _1\"></span> comparing the mo<span class=\"_ _1\"></span>vements in the calculated <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of the hedged item <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value mo<span class=\"_ _1\"></span>vement in <span class=\"_ _1\"></span>the derivativ<span class=\"_ _1\"></span>e hedge.<span class=\"_ _393\"> </span>Potential sour<span class=\"_ _1\"></span>ces of<span class=\"_ _1\"></span> ineffectiveness<span class=\"_ _393\"> </span>In its interest r<span class=\"_ _1\"></span>ate hedging f<span class=\"_ _1\"></span>or individual items <span class=\"_ _1\"></span>the Group seeks <span class=\"_ _1\"></span>to minimise hedge ineff<span class=\"_ _1\"></span>ectiveness b<span class=\"_ _1\"></span>y aligning <span class=\"_ _1\"></span>the terms of<span class=\"_ _1\"></span> the hedging instrument as closely as possible <span class=\"_ _1\"></span>with those o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedged item. <span class=\"_ _1\"></span>The notional amount of<span class=\"_ _0\"></span> the derivative matches <span class=\"_ _1\"></span>that of<span class=\"_ _1\"></span> the hedged item and settlements are due on <span class=\"_ _1\"></span>the same day<span class=\"_ _1\"></span>s and at the same interv<span class=\"_ _1\"></span>als.<span class=\"_ _393\"> </span>Nonetheless, the Gr<span class=\"_ _1\"></span>oup has identified the <span class=\"_ _1\"></span>following possible sour<span class=\"_ _1\"></span>ces of<span class=\"_ _1\"></span> hedge ineffectiv<span class=\"_ _1\"></span>eness in its hedges of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The use of<span class=\"_ _1\"></span> derivativ<span class=\"_ _1\"></span>es as a hedge of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est rate risk additionally<span class=\"_ _1\"></span> exposes the Gr<span class=\"_ _0\"></span>oup to the derivativ<span class=\"_ _1\"></span>e counterparties\u2019 cr<span class=\"_ _1\"></span>edit risk, which is not matched in <span class=\"_ _1\"></span>the hedged item. <span class=\"_ _1\"></span>This risk is minimised b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>transacting only <span class=\"_ _1\"></span>with high quality count<span class=\"_ _1\"></span>erparties and thr<span class=\"_ _1\"></span>ough collateralisation arrang<span class=\"_ _1\"></span>ements (as described in note 59<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The small differ<span class=\"_ _1\"></span>ence between <span class=\"_ _1\"></span>the fix<span class=\"_ _1\"></span>ed rate of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est charged on <span class=\"_ _1\"></span>the hedged item and <span class=\"_ _1\"></span>the fixed r<span class=\"_ _1\"></span>ate leg of<span class=\"_ _1\"></span> the deriv<span class=\"_ _1\"></span>ative, wher<span class=\"_ _1\"></span>e the impact of<span class=\"_ _1\"></span> discounting will mean <span class=\"_ _1\"></span>that movements in pr<span class=\"_ _0\"></span>esent values of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>two flo<span class=\"_ _1\"></span>ws ar<span class=\"_ _1\"></span>e not exactly<span class=\"_ _1\"></span> parallel \u2022 <span class=\"_ _6\"> </span>The use of<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent discounting curves in measuring <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value chang<span class=\"_ _1\"></span>es in the hedged it<span class=\"_ _1\"></span>ems and hedging instruments<span class=\"_ _393\"> </span>Hedging instruments<span class=\"_ _393\"> </span>The financial deriv<span class=\"_ _1\"></span>atives used in <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s individual fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges are st<span class=\"_ _1\"></span>erling denominated interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>aps, with a single derivativ<span class=\"_ _1\"></span>e used to hedge each individual asse<span class=\"_ _1\"></span>t or liability<span class=\"_ _0\"></span>. Settlement is twice <span class=\"_ _1\"></span>yearly<span class=\"_ _0\"></span>, on the same days as pa<span class=\"_ _1\"></span>yments for<span class=\"_ _1\"></span> the associat<span class=\"_ _1\"></span>ed hedged item f<span class=\"_ _1\"></span>all due. F<span class=\"_ _0\"></span>or derivatives hedging liabilities, pa<span class=\"_ _1\"></span>yments receiv<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup are calculated based on a <span class=\"_ _1\"></span>fixed rat<span class=\"_ _1\"></span>e of interest, <span class=\"_ _1\"></span>while payments made ar<span class=\"_ _1\"></span>e calculated based on a floating inter<span class=\"_ _1\"></span>est rate se<span class=\"_ _1\"></span>t by<span class=\"_ _1\"></span> ref<span class=\"_ _1\"></span>erence <span class=\"_ _1\"></span>to the compound SONIA<span class=\"_ _1\"></span> ref<span class=\"_ _1\"></span>erence rate. F<span class=\"_ _0\"></span>or derivativ<span class=\"_ _1\"></span>es hedging assets, the con<span class=\"_ _1\"></span>verse is <span class=\"_ _1\"></span>true.<span class=\"_ _393\"> </span>The principal terms o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging instruments are set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>, analysed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the tw<span class=\"_ _1\"></span>o directions of<span class=\"_ _1\"></span> the s<span class=\"_ _1\"></span>waps.<span class=\"_ _393\"> </span><table class=\"s w20a h103\" id=\"_b0c6af02-32a0-4743-8889-3271d6461d01\"><tr><td></td><td></td><td class=\"c n x7e1 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x7e2 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x837 y3c5e w20b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x838 y3c5e w20c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x839 y3c5e w20d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x83a y3c5e w20e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w1f3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age fix<span class=\"_ _1\"></span>ed notional inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e6 y3c3c w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.48%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e7 y3c3c w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.99%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e8 y3c3c w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e9 y3c3c w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.99%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 w1f4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age notional mar<span class=\"_ _1\"></span>gin over SONIA<span class=\"_ _393\"> </span></div></td><td class=\"c n x83b y3c96 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x83c y3c96 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x83d y3c96 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x83e y3c96 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c60 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c60 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c60 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c60 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d51 ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c41 w20f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">SONIA swaps<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3c41 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x840 y3c41 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x841 y3c41 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c41 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c97 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c97 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c97 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c97 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d52 ff4a fs4 fc1 sc0 ls0 ws0\">Maturing<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c63 w1f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x847 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x848 y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x849 y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84a y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w1f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between one and two years<span class=\"_ _393\"> </span></div></td><td class=\"c n x84b y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x22c y3c4e w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x229 y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x22d y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cb2 w1f9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Between two and five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84c y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84d y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84e y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c98 w1fa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">More than five years<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c98 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x57e y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84f y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x850 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c62 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c62 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x801 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x851 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x852 y3c48 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x853 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr></table>Accounting impacts<span class=\"_ _393\"> </span>Movements aff<span class=\"_ _1\"></span>ecting the micr<span class=\"_ _1\"></span>o fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w210 h104\" id=\"_7865e65f-6050-416c-b484-b9e2b29d0f9b\"><tr><td></td><td></td><td class=\"c n x854 y3cb6 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x855 y3cb6 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x837 y3c97 w20b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x838 y3c97 w20c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x839 y3c97 w20d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x83a y3c97 w20e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c61 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c61 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c61 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c61 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d53 ff49 fs4 fc1 sc0 ls0 ws0\">Hedging instruments<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h94 y3d54 ff66 fs4 fc1 sc0 ls0 ws0\">Interes<span class=\"_ _1\"></span>t rate swaps<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb2 w201 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3cb2 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x856 y3cb2 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x857 y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x858 y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w202 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x859 y3c98 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x85a y3c98 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x85b y3c98 w46 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x85c y3c98 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x85d y3c62 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x85e y3c62 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x85f y3c62 w7f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x860 y3c62 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w203 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Notional principal value<span class=\"_ _393\"> </span></div></td><td class=\"c n x861 y3c65 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x862 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x23b y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w204 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Change in fair v<span class=\"_ _1\"></span>alue used in calculating hedge ine<span class=\"_ _1\"></span>ffectiv<span class=\"_ _1\"></span>eness<span class=\"_ _393\"> </span></div></td><td class=\"c n x863 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">44.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x864 y3c48 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x865 y3c48 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(4.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x866 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w211 h105\" id=\"_402ea8ee-99c2-4500-93b9-4baad11230fe\"><tr><td></td><td></td><td class=\"c n x854 y3d55 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x855 y3d55 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x837 y3d56 w20b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x838 y3d56 w20c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td><td class=\"c n x839 y3d56 w20d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset hedges<span class=\"_ _393\"> </span></div></td><td class=\"c n x83a y3d56 w20e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Liability hedge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3d57 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3d57 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3d57 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3d57 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d58 ff49 fs4 fc1 sc0 ls0 ws0\">Hedged items<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h94 y3d59 ff66 fs4 fc1 sc0 ls0 ws0\">Fixed rat<span class=\"_ _1\"></span>e borrowings<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d5a w212 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3d5a w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x867 y3d5a w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(150.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x868 y3d5a w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x869 y3d5a w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(150.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h94 y3d5b ff66 fs4 fc1 sc0 ls0 ws0\">Fixed rat<span class=\"_ _1\"></span>e assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d5c w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n x86a y3d5c w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x86b y3d5c w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fc y3d5c w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3d5c w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3d5d w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x86c y3d5d w1a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(150.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x86d y3d5d w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x86e y3d5d w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(150.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3d5f w213 h106\"><div class=\"t m0 x19e h52 y3d5e ff4a fs4 fc1 sc0 ls0 ws0\">Accumulated amount of f<span class=\"_ _1\"></span>air value hedg<span class=\"_ _1\"></span>e adjustments included in<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x86f y3d60 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(44.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x870 y3d60 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x871 y3d60 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x872 y3d60 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(4.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d61 ff4a fs4 fc1 sc0 ls0 ws0\">Of which: amounts relat<span class=\"_ _1\"></span>ed to discontinued hedging r<span class=\"_ _1\"></span>elationships </td><td class=\"c n x873 y3d62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x874 y3d62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x875 y3d62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x876 y3d62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d63 ff4a fs4 fc1 sc0 ls0 ws0\">being amortised<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d64 w208 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Change in fair v<span class=\"_ _1\"></span>alue used in recognising hedge ine<span class=\"_ _1\"></span>ff<span class=\"_ _1\"></span>ectiveness<span class=\"_ _393\"> </span></div></td><td class=\"c n x877 y3d64 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(44.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x878 y3d64 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x879 y3d64 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x87a y3d64 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(4.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d65 ff49 fs4 fc1 sc0 ls0 ws0\">Hedge ineff<span class=\"_ _1\"></span>ectiveness recognised<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3d66 ff4a fs4 fc1 sc0 ls0 ws0\">Included in fair v<span class=\"_ _1\"></span>alue gains / (losses) in the profit and loss accoun<span class=\"_ _1\"></span>t </td><td class=\"c n x873 y3d67 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x874 y3d67 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x875 y3d67 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x876 y3d67 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d68 ff4a fs4 fc1 sc0 ls0 ws0\">(note 11)<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-355": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs89\">12. <span class=\"_ _ce\"> </span>T<span class=\"_ _0\"></span>ax charg<span class=\"_ _1\"></span>e on pro<span class=\"_ _1\"></span>fit on ordinary<span class=\"_ _1\"></span> activities<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs8a\">(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Analysis of<span class=\"_ _1\"></span> charge in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s wf8 he7\" id=\"_f76523a9-1b36-4f2c-b6f3-8dd663030e48\"><tr><td></td><td class=\"c n x3cb y3c43 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c43 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c44 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c44 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ccf ff49 fs4 fc1 sc0 ls0 ws0\">Current ta<span class=\"_ _1\"></span>x<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f wff hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">UK Corporation T<span class=\"_ _e\"></span>ax on profits of the period<span class=\"_ _393\"> </span></div></td><td class=\"c n x43b y3c4f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">77.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">75.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w100 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Adjustment in r<span class=\"_ _1\"></span>espect of prior periods<span class=\"_ _393\"> </span></div></td><td class=\"c n x39e y3c45 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f0 y3c45 w46 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w101 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal curr<span class=\"_ _1\"></span>ent tax<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c50 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">75.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c50 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">70.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w102 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred ta<span class=\"_ _1\"></span>x (note 40)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c47 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x43d y3c47 w7f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w39 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax charge on pr<span class=\"_ _1\"></span>ofit on ordinary activities<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c48 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">76.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x43e y3c48 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">67.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b\">The standard r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> corporation tax in <span class=\"_ _1\"></span>the UK applicable t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as 25.0% (2024: 25.<span class=\"_ _1\"></span>0%), based on legislation </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8c\">enacted at the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8d\">The Bank Corporation <span class=\"_ _1\"></span>T<span class=\"_ _e\"></span>ax Surcharge subjects any<span class=\"_ _1\"></span> taxable pr<span class=\"_ _1\"></span>ofits arising in the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s banking subsidiary, P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C (and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e\">no other gr<span class=\"_ _0\"></span>oup entity), to an additional rate o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>tax to <span class=\"_ _1\"></span>the extent <span class=\"_ _1\"></span>these profits e<span class=\"_ _1\"></span>xceed a <span class=\"_ _1\"></span>threshold. <span class=\"_ _1\"></span>The sur<span class=\"_ _1\"></span>charge applying <span class=\"_ _1\"></span>to Paragon </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f\">Bank in the curr<span class=\"_ _1\"></span>ent <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as 3.0% on pr<span class=\"_ _1\"></span>ofits ov<span class=\"_ _1\"></span>er \u00a3100<span class=\"_ _1\"></span>.0m (202<span class=\"_ _1\"></span>4: 3.0% on pr<span class=\"_ _1\"></span>ofits ov<span class=\"_ _1\"></span>er \u00a3100<span class=\"_ _1\"></span>.0m<span class=\"_ _1\"></span>). <span class=\"_ _1\"></span>The effect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the surcharg<span class=\"_ _1\"></span>e is shown </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs90\">in note (b<span class=\"_ _1\"></span>) below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs91\">The combination of<span class=\"_ _1\"></span> the standar<span class=\"_ _1\"></span>d rate of<span class=\"_ _1\"></span> tax and <span class=\"_ _1\"></span>the surcharg<span class=\"_ _1\"></span>e results in <span class=\"_ _1\"></span>taxable pro<span class=\"_ _1\"></span>fits in excess of<span class=\"_ _0\"></span> the annual threshold arising in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs92\">Paragon Bank<span class=\"_ _1\"></span> being tax<span class=\"_ _1\"></span>ed at 28.0% in <span class=\"_ _1\"></span>the current <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span> (2024: 28.0%).<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws92 gs93\">(b) <span class=\"_ _e\"></span> <span class=\"_ _34\"> </span>F<span class=\"_ _1\"></span>actors affecting tax charge for the <span class=\"_ _1\"></span>year<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs94\">Accounting standards r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>e companies to explain <span class=\"_ _1\"></span>the relationship betw<span class=\"_ _1\"></span>een tax expense and accounting pr<span class=\"_ _1\"></span>ofit. <span class=\"_ _1\"></span>This may<span class=\"_ _1\"></span> be </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs95\">demonstrated by<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>econciling the tax char<span class=\"_ _1\"></span>ge t<span class=\"_ _1\"></span>o the pr<span class=\"_ _1\"></span>oduct of<span class=\"_ _1\"></span> the accounting pr<span class=\"_ _1\"></span>ofit and the \u2018<span class=\"_ _1\"></span>applicable rate<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>, generally <span class=\"_ _1\"></span>the domestic </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs96\">rate of<span class=\"_ _1\"></span> tax le<span class=\"_ _1\"></span>vied on corporate income in <span class=\"_ _1\"></span>the jurisdiction in which <span class=\"_ _1\"></span>the entity operates.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs97\">The Group oper<span class=\"_ _1\"></span>ates wholly<span class=\"_ _1\"></span> in the UK<span class=\"_ _1\"></span> and all the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s income arises in UK r<span class=\"_ _1\"></span>esident companies. Consequently<span class=\"_ _0\"></span>, it is appropriate to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs98\">use the pr<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>ailing UK corporation <span class=\"_ _1\"></span>tax rate as the compar<span class=\"_ _1\"></span>ator <span class=\"_ _1\"></span>to the e<span class=\"_ _1\"></span>ffective <span class=\"_ _1\"></span>tax rate. <span class=\"_ _1\"></span>As noted in (<span class=\"_ _1\"></span>a) abov<span class=\"_ _1\"></span>e, the UK<span class=\"_ _1\"></span> corporation tax </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs99\">rate applicable t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as 25.0% (202<span class=\"_ _1\"></span>4: 25.0%).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9a\">The impact of<span class=\"_ _1\"></span> the Banking Sur<span class=\"_ _1\"></span>charge is sho<span class=\"_ _1\"></span>wn as a differ<span class=\"_ _1\"></span>ence between tax at<span class=\"_ _1\"></span> this rate and <span class=\"_ _1\"></span>the actual tax charg<span class=\"_ _1\"></span>e in the <span class=\"_ _1\"></span>table below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs9b\"><table class=\"s w103 he8\" id=\"_21176db4-d7f1-4a25-9138-76e4ea98049a\"><tr><td></td><td class=\"c n x3cb y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c3f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w104 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Profit on ordinary activities be<span class=\"_ _1\"></span>fore t<span class=\"_ _1\"></span>axa<span class=\"_ _1\"></span>tion<span class=\"_ _393\"> </span></div></td><td class=\"c n x43f y3c40 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">256.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x440 y3c40 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">253.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w105 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Profit on ordinary activities multiplied by the UK s<span class=\"_ _1\"></span>tandard r<span class=\"_ _1\"></span>ate of c<span class=\"_ _1\"></span>orporation t<span class=\"_ _1\"></span>ax<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">64.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">63.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3caf ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fects of:</td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3cd0 ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Permanent diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x441 y3c44 w106 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Recurring disallowable expenditur<span class=\"_ _1\"></span>e and similar items<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c4e w107 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Non-recurring disallowable costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x442 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x443 y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w108 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mismatch in timing differ<span class=\"_ _1\"></span>ences<span class=\"_ _393\"> </span></div></td><td class=\"c n x444 y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 w109 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Change in rate of ta<span class=\"_ _1\"></span>xation on curr<span class=\"_ _1\"></span>ent and def<span class=\"_ _1\"></span>erred t<span class=\"_ _1\"></span>ax (ex<span class=\"_ _1\"></span>cluding Bank Surchar<span class=\"_ _1\"></span>ge)<span class=\"_ _393\"> </span></div></td><td class=\"c n x445 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x446 y3c45 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c50 w10a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Impact of Bank Surcharge on current and de<span class=\"_ _1\"></span>ferr<span class=\"_ _1\"></span>ed tax<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c50 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c47 w10b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prior year current and def<span class=\"_ _1\"></span>erred ta<span class=\"_ _1\"></span>x charge<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w10c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x447 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">76.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x448 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">67.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t mc ha ff6 fs4 fc1 sc0 ls0 ws0 gs9c\">The timing diff<span class=\"_ _1\"></span>erence mismatch arises because <span class=\"_ _1\"></span>tax relief<span class=\"_ _0\"></span> for shar<span class=\"_ _1\"></span>e-based payments is given on a diff<span class=\"_ _1\"></span>erent basis <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>that on which <span class=\"_ _1\"></span>the </div><div class=\"t mc ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d\">accounting charge <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the pro<span class=\"_ _1\"></span>vision of<span class=\"_ _1\"></span> these aw<span class=\"_ _1\"></span>ards is r<span class=\"_ _1\"></span>ecognised under IFRS 2. <span class=\"_ _1\"></span>This relie<span class=\"_ _1\"></span>f also giv<span class=\"_ _1\"></span>es rise to curr<span class=\"_ _1\"></span>ent and deferr<span class=\"_ _1\"></span>ed tax </div><div class=\"t mc ha ff6 fs4 fc1 sc0 ls0 ws0 gs9e\">impacts in equity<span class=\"_ _1\"></span>. </div><div class=\"t mc ha ff6 fs4 fc1 sc0 ls0 ws0 gs9f\">Non-recurring disallo<span class=\"_ _1\"></span>wable costs r<span class=\"_ _1\"></span>elates principally <span class=\"_ _1\"></span>to pro<span class=\"_ _1\"></span>visions for<span class=\"_ _0\"></span> historical motor finance commission r<span class=\"_ _1\"></span>elated compensation (no<span class=\"_ _1\"></span>te 39)</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa0\">Change in rate o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>taxation includes the effect<span class=\"_ _1\"></span> of pr<span class=\"_ _1\"></span>oviding <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> deferr<span class=\"_ _1\"></span>ed tax balances at rat<span class=\"_ _1\"></span>es other <span class=\"_ _1\"></span>than the comparat<span class=\"_ _1\"></span>or rat<span class=\"_ _1\"></span>e. T<span class=\"_ _1\"></span>his </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa1\">includes deferr<span class=\"_ _1\"></span>ed tax pr<span class=\"_ _1\"></span>ovision on f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value mo<span class=\"_ _1\"></span>vements in <span class=\"_ _1\"></span>the year<span class=\"_ _0\"></span>, which <span class=\"_ _1\"></span>form the lar<span class=\"_ _1\"></span>gest part of<span class=\"_ _1\"></span> this balance.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa2\">With effect <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the current accounting period, <span class=\"_ _1\"></span>the Group is subject <span class=\"_ _1\"></span>to additional pr<span class=\"_ _1\"></span>ovisions in the UK<span class=\"_ _1\"></span> tax legislation, <span class=\"_ _1\"></span>which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa3\">implement the Org<span class=\"_ _1\"></span>anisation for<span class=\"_ _1\"></span> Economic Cooper<span class=\"_ _1\"></span>ation and Dev<span class=\"_ _1\"></span>elopment (\u2018OECD\u2019) Pillar<span class=\"_ _1\"></span> 2 rules, known as <span class=\"_ _1\"></span>the Global Base Erosion </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa4\">(\u2018GloBE\u2019) rules. T<span class=\"_ _1\"></span>hese rules requir<span class=\"_ _1\"></span>e the payment<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>top-up tax<span class=\"_ _1\"></span>es if<span class=\"_ _1\"></span> the rate o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>tax payable in an<span class=\"_ _1\"></span>y qualifying jurisdiction f<span class=\"_ _1\"></span>alls below 15%. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa5\">The Group has no liability<span class=\"_ _0\"></span> under these rules in r<span class=\"_ _1\"></span>espect of <span class=\"_ _1\"></span>the current<span class=\"_ _1\"></span> period. </div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsa7\">(c<span class=\"_ _0\"></span>)  <span class=\"_ _b2\"> </span>F<span class=\"_ _1\"></span>actors affecting future <span class=\"_ _1\"></span>tax charges<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa8\">No legislation which <span class=\"_ _1\"></span>will have <span class=\"_ _1\"></span>the effect o<span class=\"_ _1\"></span>f changing <span class=\"_ _1\"></span>the rates of<span class=\"_ _1\"></span> tax applicable <span class=\"_ _1\"></span>to the Gr<span class=\"_ _1\"></span>oup fr<span class=\"_ _1\"></span>om those shown abo<span class=\"_ _1\"></span>ve has curr<span class=\"_ _1\"></span>ently been </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa9\">enacted. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the <span class=\"_ _1\"></span>future dir<span class=\"_ _1\"></span>ection of UK<span class=\"_ _1\"></span> tax polic<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>will significantly affect<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>tax payable b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group, and <span class=\"_ _1\"></span>this remains uncertain.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s ov<span class=\"_ _1\"></span>erall futur<span class=\"_ _1\"></span>e effective <span class=\"_ _1\"></span>tax rate <span class=\"_ _1\"></span>will also be impacted by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>future le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> the Sur<span class=\"_ _1\"></span>charge and b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the proportion o<span class=\"_ _1\"></span>f its </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab\">taxable profit<span class=\"_ _1\"></span> subject to it.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsac\">V<span class=\"_ _0\"></span>arious asset leasing businesses are included within <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s Commercial L<span class=\"_ _1\"></span>ending division. Whilst such businesses do no<span class=\"_ _1\"></span>t, in </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsad\">general, hav<span class=\"_ _1\"></span>e significant permanent differ<span class=\"_ _1\"></span>ences, the <span class=\"_ _1\"></span>taxable pro<span class=\"_ _1\"></span>fits in a given accounting period ar<span class=\"_ _1\"></span>e usually significantly<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent fr<span class=\"_ _1\"></span>om </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae\">the accounting profits due <span class=\"_ _1\"></span>to t<span class=\"_ _1\"></span>emporary diff<span class=\"_ _1\"></span>erences. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf\">At <span class=\"_ _1\"></span>the balance sheet date <span class=\"_ _1\"></span>there <span class=\"_ _1\"></span>were no mat<span class=\"_ _1\"></span>erial tax uncertainties and no significant open matters <span class=\"_ _1\"></span>with the UK<span class=\"_ _1\"></span> tax authorities. <span class=\"_ _1\"></span>The </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb0\">Group has no material e<span class=\"_ _1\"></span>xposure <span class=\"_ _1\"></span>to any<span class=\"_ _1\"></span> other <span class=\"_ _1\"></span>tax jurisdiction.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs3df\">26. <span class=\"_ _33\"></span>Current tax asse<span class=\"_ _1\"></span>ts / liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3e0\">Current <span class=\"_ _1\"></span>tax in the Gr<span class=\"_ _1\"></span>oup and the Compan<span class=\"_ _1\"></span>y r<span class=\"_ _1\"></span>epresents UK<span class=\"_ _1\"></span> corporation tax o<span class=\"_ _1\"></span>wed or<span class=\"_ _1\"></span> recov<span class=\"_ _1\"></span>erable.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws32 gs4a0\">40. <span class=\"_ _33\"></span>Deferr<span class=\"_ _1\"></span>ed tax<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs4a1\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4a2\">The net def<span class=\"_ _1\"></span>erred <span class=\"_ _1\"></span>tax liability <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>which pr<span class=\"_ _1\"></span>ovision has been made and the mo<span class=\"_ _1\"></span>vements in <span class=\"_ _1\"></span>that balance are analy<span class=\"_ _1\"></span>sed as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _393\"> </span></div><div class=\"gs4a3\"><table class=\"s w266 h10e\" id=\"_3b24a922-5d06-4a1b-a939-1113bb6da0ef\"><tr><td></td><td class=\"t m0 x96b h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Opening<span class=\"_ _393\"> </span></td><td class=\"t m0 x96c h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Profit and loss<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x8f1 h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Charge / (cr<span class=\"_ _1\"></span>edit) </td><td class=\"t m0 x96d h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Closing<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x96e h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td><td class=\"t m0 x96f h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">charge / (cr<span class=\"_ _1\"></span>edit)<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x970 h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">to equity<span class=\"_ _393\"> </span></td><td class=\"t m0 x971 h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x972 y3d9f w267 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Current<span class=\"_ _393\"> </span></div></td><td class=\"c n x973 y3d9f w268 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Prior<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3da1 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3da2 w269 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x974 y3da2 w9d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x975 y3da2 w9d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x976 y3da2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x977 y3da2 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x978 y3da2 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da3 w59 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Retir<span class=\"_ _1\"></span>ement benefit oblig<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></div></td><td class=\"c n x979 y3da3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x754 y3da3 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x97a y3da3 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x97b y3da3 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e6 y3da3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da4 w26a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x97c y3da4 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x97d y3da4 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x97e y3da4 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x97f y3da4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x980 y3da4 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w26b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and other derivativ<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x981 y3c9b w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x22c y3c9b w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x229 y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x337 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da5 w26c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share-based paymen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x982 y3da5 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x983 y3da5 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x984 y3da5 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x985 y3da5 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x986 y3da5 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da6 w26d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x988 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x989 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf2 w26e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x98a y3cf2 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x98b y3cf2 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x98c y3cf2 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x97f y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x986 y3cf2 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w14c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x98d y3ca3 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x98e y3ca3 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x878 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x98f y3ca3 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x33b y3ca3 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3da7 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c61 w269 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x974 y3c61 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(8.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x990 y3c61 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x991 y3c61 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x89d y3c61 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x588 y3c61 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w59 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Retir<span class=\"_ _1\"></span>ement benefit oblig<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></div></td><td class=\"c n x979 y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x992 y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x94a y3c63 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x994 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w26a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x97c y3c4e w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">32.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x995 y3c4e w95 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(13.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x996 y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65e y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65f y3c4e w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">19.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w26b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and other derivativ<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3cb2 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x997 y3cb2 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x998 y3cb2 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x999 y3cb2 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3cb2 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w26c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Share-based paymen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x982 y3c98 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(7.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x99a y3c98 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x99b y3c98 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x99c y3c98 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x71e y3c98 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w26d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses<span class=\"_ _393\"> </span></div></td><td class=\"c n x99d y3c62 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(3.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x99e y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x99f y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a0 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a1 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w26e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x98a y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a2 y3c65 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a3 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x531 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a4 y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w14c hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x98d y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a5 y3c48 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(9.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x925 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x356 y3c48 w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a6 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13.4<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4a4\">Balances in respect o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est rate hedging in <span class=\"_ _1\"></span>the table abo<span class=\"_ _1\"></span>ve r<span class=\"_ _1\"></span>elate to deriv<span class=\"_ _1\"></span>atives hedging inter<span class=\"_ _1\"></span>est rate risk<span class=\"_ _1\"></span> in the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s loan and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4a5\">deposit books and relat<span class=\"_ _1\"></span>ed pipelines, and fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue accounting adjustments.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4a6\">The tempor<span class=\"_ _1\"></span>ary diff<span class=\"_ _1\"></span>erences shown abo<span class=\"_ _1\"></span>ve ha<span class=\"_ _1\"></span>ve been pro<span class=\"_ _1\"></span>vided at the r<span class=\"_ _1\"></span>ate pre<span class=\"_ _1\"></span>vailing <span class=\"_ _1\"></span>when the Gr<span class=\"_ _1\"></span>oup anticipates these <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4a7\">differ<span class=\"_ _1\"></span>ences to r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>erse. In the e<span class=\"_ _1\"></span>vent <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differences actually<span class=\"_ _0\"></span> reverse in diff<span class=\"_ _1\"></span>erent periods a cr<span class=\"_ _1\"></span>edit or<span class=\"_ _1\"></span> charge <span class=\"_ _1\"></span>will arise in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4a8\">a futur<span class=\"_ _1\"></span>e period to r<span class=\"_ _1\"></span>eflect the diff<span class=\"_ _1\"></span>erence. <span class=\"_ _1\"></span>The <span class=\"_ _1\"></span>timing of r<span class=\"_ _0\"></span>eversal of<span class=\"_ _1\"></span> temporary<span class=\"_ _0\"></span> differences will be aff<span class=\"_ _1\"></span>ected by<span class=\"_ _1\"></span> both matters <span class=\"_ _1\"></span>within the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4a9\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s control (<span class=\"_ _1\"></span>such as the timing and natur<span class=\"_ _0\"></span>e of the r<span class=\"_ _1\"></span>efinancing of<span class=\"_ _1\"></span> certain portfolios) and matt<span class=\"_ _1\"></span>ers outside the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s control (for </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4aa\">example, the <span class=\"_ _1\"></span>timing of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s contributions to its de<span class=\"_ _1\"></span>fined benefit pension scheme). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4ab\">If <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differences r<span class=\"_ _0\"></span>everse within P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C in a period in which it is subject t<span class=\"_ _1\"></span>o the banking sur<span class=\"_ _1\"></span>charge, <span class=\"_ _1\"></span>then the impact </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4ac\">of <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>sal will be at an eff<span class=\"_ _1\"></span>ective tax r<span class=\"_ _1\"></span>ate that includes <span class=\"_ _1\"></span>the banking surchar<span class=\"_ _1\"></span>ge to some e<span class=\"_ _1\"></span>xtent.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs4ae\">(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4af\">The net def<span class=\"_ _1\"></span>erred <span class=\"_ _1\"></span>tax liability / (<span class=\"_ _1\"></span>asset) for<span class=\"_ _0\"></span> which provision has been made, and <span class=\"_ _1\"></span>the mov<span class=\"_ _1\"></span>ements in that balance ar<span class=\"_ _1\"></span>e analysed as <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span>s:<span class=\"_ _393\"> </span></div><div class=\"gs4b0\"><table class=\"s w26f h10f\" id=\"_3cae89d9-79b0-4766-81ae-b79050f0f52d\"><tr><td></td><td class=\"t m0 x9a7 h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Opening<span class=\"_ _393\"> </span></td><td class=\"t m0 x9a8 h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Profit and loss<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x9a9 h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Charge / (cr<span class=\"_ _1\"></span>edit) </td><td class=\"t m0 x9aa h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Closing<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x9ab h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td><td class=\"t m0 x9ac h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">charge / (cr<span class=\"_ _1\"></span>edit)<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x9ad h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">to equity<span class=\"_ _393\"> </span></td><td class=\"t m0 x9ae h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x9af y3daa w267 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Current<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b0 y3daa w268 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Prior<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dac ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc3 w269 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b1 y3cc3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b2 y3cc3 w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b3 y3cc3 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x999 y3cc3 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3cc3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dad w270 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses carried f<span class=\"_ _1\"></span>orward<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b4 y3dad w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b5 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b6 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x366 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x894 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dae w26e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x988 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x989 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3daf w14c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b7 y3daf w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b8 y3daf w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5df y3daf w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3daf w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3daf w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3db0 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3db1 w269 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b1 y3db1 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x873 y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b9 y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x875 y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ba y3db1 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db2 w270 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses carried f<span class=\"_ _1\"></span>orward<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bb y3db2 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x95b y3db2 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bc y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x82a y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bd y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb w26e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x988 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x989 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w14c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x9be y3ccc wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x754 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bf y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c0 y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b6 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-356": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gsb2\">13. <span class=\"_ _ce\"> </span>Earnings per share<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb3\">Earnings per or<span class=\"_ _1\"></span>dinary shar<span class=\"_ _1\"></span>e is calculated as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span></div><div class=\"gsb4\"><table class=\"s w10d he1\" id=\"_e4ee1290-feb3-481e-85fd-9449c58ca112\"><tr><td></td><td class=\"c n x449 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x44a y3c42 w12 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w10e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Profit f<span class=\"_ _1\"></span>or the year (\u00a3m)<span class=\"_ _393\"> </span></div></td><td class=\"c n x44b y3c61 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">180.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c61 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">186.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w10f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Basic weighted a<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>age number of ordinary shares r<span class=\"_ _0\"></span>anking for dividend during the year (m)<span class=\"_ _393\"> </span></div></td><td class=\"c n x44d y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">197.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x44e y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">210.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w110 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Dilutive eff<span class=\"_ _0\"></span>ect of the weighted aver<span class=\"_ _1\"></span>age number of share op<span class=\"_ _1\"></span>tions and incentive plans in issue during the year (m)<span class=\"_ _393\"> </span></div></td><td class=\"c n x44f y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x450 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w111 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Diluted weight<span class=\"_ _1\"></span>ed aver<span class=\"_ _1\"></span>age number of or<span class=\"_ _1\"></span>dinary shares ranking f<span class=\"_ _1\"></span>or dividend during the year (m)<span class=\"_ _393\"> </span></div></td><td class=\"c n x451 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">205.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x452 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">218.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3cd1 ff4a fs4 fc1 sc0 ls0 ws0\">Earnings per ordinary shar<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c65 w112 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">- basic<span class=\"_ _393\"> </span></div></td><td class=\"c n x453 y3c65 w3d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">91.2p<span class=\"_ _393\"> </span></div></td><td class=\"c n x454 y3c65 w3e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">88.5p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c48 w3f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">- diluted<span class=\"_ _393\"> </span></div></td><td class=\"c n x453 y3c48 w3d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">87.9p<span class=\"_ _393\"> </span></div></td><td class=\"c n x454 y3c48 w3e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">85.2p</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-357": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gsb6\">14. <span class=\"_ _ce\"> </span>Cash balances<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb7\">\u2018Cash balances\u2019 includes curr<span class=\"_ _1\"></span>ent bank balances, mone<span class=\"_ _1\"></span>y mark<span class=\"_ _1\"></span>et placements and fix<span class=\"_ _1\"></span>ed rate sterling <span class=\"_ _1\"></span>term deposits with L<span class=\"_ _1\"></span>ondon banks, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb8\">and balances with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England. It is analysed as set out<span class=\"_ _1\"></span> below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gsb9\"><table class=\"s w113 he1\" id=\"_5e39e466-923c-48ae-bb4f-bc7d55572dca\"><tr><td></td><td class=\"c n x455 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x456 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x457 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x1f0 y3c43 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f2 y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w114 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposits with the Bank of England<span class=\"_ _393\"> </span></div></td><td class=\"c n x458 y3c44 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,175.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x459 y3c44 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,315.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45a y3c44 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,783.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd2 w115 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Balances with central bank<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x45b y3cd2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,175.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x45c y3cd2 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,315.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45d y3cd2 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,783.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w116 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposits with other banks<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c45 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">213.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">209.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">211.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w117 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Balances with other banks<span class=\"_ _393\"> </span></div></td><td class=\"c n x360 y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">213.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x461 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">209.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x462 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">211.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w118 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash balances<span class=\"_ _393\"> </span></div></td><td class=\"c n x45b y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45c y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x45d y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,994.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsba\">Not all of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s cash is immediately av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> its general purposes, including liquidity<span class=\"_ _1\"></span> management. Cash r<span class=\"_ _1\"></span>eceived in r<span class=\"_ _1\"></span>espect </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsbb\">of loan asse<span class=\"_ _1\"></span>ts funded thr<span class=\"_ _1\"></span>ough w<span class=\"_ _1\"></span>arehouse <span class=\"_ _1\"></span>facilities and securitisations, or<span class=\"_ _1\"></span> forming part o<span class=\"_ _1\"></span>f a security<span class=\"_ _1\"></span> pool for<span class=\"_ _0\"></span> covered bonds (<span class=\"_ _1\"></span>note 32) is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsbc\">not immediately<span class=\"_ _1\"></span> available, due <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>terms of<span class=\"_ _1\"></span> those arr<span class=\"_ _1\"></span>angements. <span class=\"_ _1\"></span>This cash is shown as \u2018securitisation cash<span class=\"_ _1\"></span>\u2019 below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsbd\">Cash held by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s employee shar<span class=\"_ _1\"></span>e ownership plan (\u2018ESOP\u2019) ma<span class=\"_ _1\"></span>y only<span class=\"_ _1\"></span> be used to in<span class=\"_ _1\"></span>vest in <span class=\"_ _1\"></span>the shares of<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsbe\">Company<span class=\"_ _0\"></span>, pursuant to the aims o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>that plan. T<span class=\"_ _1\"></span>his is shown as \u2018ESOP<span class=\"_ _1\"></span> cash\u2019 below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsc0\">The to<span class=\"_ _1\"></span>tal \u2018Cash balances\u2019 may<span class=\"_ _1\"></span> be analysed as sho<span class=\"_ _1\"></span>wn below:<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w119 hdd\" id=\"_583635a8-15d2-46d0-a193-93c4b740db21\"><tr><td></td><td class=\"c n x463 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd3 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c40 w11a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x467 y3c40 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,269.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x468 y3c40 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,417.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x469 y3c40 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,907.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w11b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Securitisation cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x46a y3c41 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">119.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x46b y3c41 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x46c y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">86.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w11c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">ESOP cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x21b y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x21c y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x46d y3c61 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x46e y3c61 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x46f y3c61 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,994.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x463 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd4 ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w11a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x470 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w11c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">ESOP cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x21b y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x21c y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">28.1<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsc1\">Cash balances are classified as Stag<span class=\"_ _1\"></span>e 1 exposures (<span class=\"_ _1\"></span>see note 20<span class=\"_ _1\"></span>) for<span class=\"_ _1\"></span> the purposes of<span class=\"_ _0\"></span> impairment provisioning. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>obabilities of </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsc2\">default hav<span class=\"_ _1\"></span>e been assessed to be so lo<span class=\"_ _1\"></span>w as <span class=\"_ _1\"></span>to requir<span class=\"_ _1\"></span>e no significant impairment pr<span class=\"_ _1\"></span>ovision.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-416": {
   "value": "14. <span class=\"_ _ce\"> </span>Cash balances<span class=\"_ _393\"> </span>\u2018Cash balances\u2019 includes curr<span class=\"_ _1\"></span>ent bank balances, mone<span class=\"_ _1\"></span>y mark<span class=\"_ _1\"></span>et placements and fix<span class=\"_ _1\"></span>ed rate sterling <span class=\"_ _1\"></span>term deposits with L<span class=\"_ _1\"></span>ondon banks, and balances with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England. It is analysed as set out<span class=\"_ _1\"></span> below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w113 he1\" id=\"_5e39e466-923c-48ae-bb4f-bc7d55572dca\"><tr><td></td><td class=\"c n x455 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x456 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x457 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x1f0 y3c43 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f2 y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w114 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposits with the Bank of England<span class=\"_ _393\"> </span></div></td><td class=\"c n x458 y3c44 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,175.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x459 y3c44 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,315.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45a y3c44 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,783.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd2 w115 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Balances with central bank<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x45b y3cd2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,175.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x45c y3cd2 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,315.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45d y3cd2 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,783.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w116 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Deposits with other banks<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c45 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">213.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">209.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">211.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w117 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Balances with other banks<span class=\"_ _393\"> </span></div></td><td class=\"c n x360 y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">213.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x461 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">209.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x462 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">211.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w118 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash balances<span class=\"_ _393\"> </span></div></td><td class=\"c n x45b y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45c y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x45d y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,994.3<span class=\"_ _393\"> </span></div></td></tr></table>Not all of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s cash is immediately av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> its general purposes, including liquidity<span class=\"_ _1\"></span> management. Cash r<span class=\"_ _1\"></span>eceived in r<span class=\"_ _1\"></span>espect of loan asse<span class=\"_ _1\"></span>ts funded thr<span class=\"_ _1\"></span>ough w<span class=\"_ _1\"></span>arehouse <span class=\"_ _1\"></span>facilities and securitisations, or<span class=\"_ _1\"></span> forming part o<span class=\"_ _1\"></span>f a security<span class=\"_ _1\"></span> pool for<span class=\"_ _0\"></span> covered bonds (<span class=\"_ _1\"></span>note 32) is not immediately<span class=\"_ _1\"></span> available, due <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>terms of<span class=\"_ _1\"></span> those arr<span class=\"_ _1\"></span>angements. <span class=\"_ _1\"></span>This cash is shown as \u2018securitisation cash<span class=\"_ _1\"></span>\u2019 below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Cash held by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s employee shar<span class=\"_ _1\"></span>e ownership plan (\u2018ESOP\u2019) ma<span class=\"_ _1\"></span>y only<span class=\"_ _1\"></span> be used to in<span class=\"_ _1\"></span>vest in <span class=\"_ _1\"></span>the shares of<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span>, pursuant to the aims o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>that plan. T<span class=\"_ _1\"></span>his is shown as \u2018ESOP<span class=\"_ _1\"></span> cash\u2019 below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The to<span class=\"_ _1\"></span>tal \u2018Cash balances\u2019 may<span class=\"_ _1\"></span> be analysed as sho<span class=\"_ _1\"></span>wn below:<span class=\"_ _393\"> </span><table class=\"s w119 hdd\" id=\"_583635a8-15d2-46d0-a193-93c4b740db21\"><tr><td></td><td class=\"c n x463 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd3 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c40 w11a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x467 y3c40 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,269.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x468 y3c40 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,417.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x469 y3c40 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,907.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w11b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Securitisation cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x46a y3c41 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">119.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x46b y3c41 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x46c y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">86.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w11c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">ESOP cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x21b y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x21c y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x46d y3c61 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x46e y3c61 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x46f y3c61 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,994.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x463 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd4 ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w11a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x470 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w11c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">ESOP cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x21b y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x21c y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">28.1<span class=\"_ _393\"> </span></div></td></tr></table>Cash balances are classified as Stag<span class=\"_ _1\"></span>e 1 exposures (<span class=\"_ _1\"></span>see note 20<span class=\"_ _1\"></span>) for<span class=\"_ _1\"></span> the purposes of<span class=\"_ _0\"></span> impairment provisioning. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>obabilities of default hav<span class=\"_ _1\"></span>e been assessed to be so lo<span class=\"_ _1\"></span>w as <span class=\"_ _1\"></span>to requir<span class=\"_ _1\"></span>e no significant impairment pr<span class=\"_ _1\"></span>ovision.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "Not all of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s cash is immediately av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> its general purposes, including liquidity<span class=\"_ _1\"></span> management. Cash r<span class=\"_ _1\"></span>eceived in r<span class=\"_ _1\"></span>espect of loan asse<span class=\"_ _1\"></span>ts funded thr<span class=\"_ _1\"></span>ough w<span class=\"_ _1\"></span>arehouse <span class=\"_ _1\"></span>facilities and securitisations, or<span class=\"_ _1\"></span> forming part o<span class=\"_ _1\"></span>f a security<span class=\"_ _1\"></span> pool for<span class=\"_ _0\"></span> covered bonds (<span class=\"_ _1\"></span>note 32) is not immediately<span class=\"_ _1\"></span> available, due <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>terms of<span class=\"_ _1\"></span> those arr<span class=\"_ _1\"></span>angements. <span class=\"_ _1\"></span>This cash is shown as \u2018securitisation cash<span class=\"_ _1\"></span>\u2019 below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Cash held by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s employee shar<span class=\"_ _1\"></span>e ownership plan (\u2018ESOP\u2019) ma<span class=\"_ _1\"></span>y only<span class=\"_ _1\"></span> be used to in<span class=\"_ _1\"></span>vest in <span class=\"_ _1\"></span>the shares of<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span>, pursuant to the aims o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>that plan. T<span class=\"_ _1\"></span>his is shown as \u2018ESOP<span class=\"_ _1\"></span> cash\u2019 below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The to<span class=\"_ _1\"></span>tal \u2018Cash balances\u2019 may<span class=\"_ _1\"></span> be analysed as sho<span class=\"_ _1\"></span>wn below:<span class=\"_ _393\"> </span><table class=\"s w119 hdd\" id=\"_583635a8-15d2-46d0-a193-93c4b740db21\"><tr><td></td><td class=\"c n x463 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c3e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd3 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c40 w11a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x467 y3c40 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,269.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x468 y3c40 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,417.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x469 y3c40 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,907.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w11b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Securitisation cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x46a y3c41 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">119.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x46b y3c41 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x46c y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">86.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w11c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">ESOP cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x21b y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x21c y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x46d y3c61 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x46e y3c61 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x46f y3c61 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,994.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x463 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd4 ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w11a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x470 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w11c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">ESOP cash<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x21b y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x21c y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">28.1<span class=\"_ _393\"> </span></div></td></tr></table>Cash balances are classified as Stag<span class=\"_ _1\"></span>e 1 exposures (<span class=\"_ _1\"></span>see note 20<span class=\"_ _1\"></span>) for<span class=\"_ _1\"></span> the purposes of<span class=\"_ _0\"></span> impairment provisioning. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>obabilities of default hav<span class=\"_ _1\"></span>e been assessed to be so lo<span class=\"_ _1\"></span>w as <span class=\"_ _1\"></span>to requir<span class=\"_ _1\"></span>e no significant impairment pr<span class=\"_ _1\"></span>ovision.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-358": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gsc4\">15. <span class=\"_ _135\"> </span>Inv<span class=\"_ _1\"></span>estment securities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsc5\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment<span class=\"_ _1\"></span> securities, which ar<span class=\"_ _1\"></span>e held as part of<span class=\"_ _1\"></span> Paragon Bank\u2019<span class=\"_ _0\"></span>s liquidity buff<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, are analysed as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span></div><div class=\"gsb4\"><table class=\"s w11d hd6\" id=\"_53ff1fe5-838e-4d30-803b-ccbb8a3a09f3\"><tr><td></td><td></td><td class=\"c n x475 y3c4e w11e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal amount<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x476 y3c4e w11f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x477 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x478 y3cb2 w12 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x479 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x47a y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x475 y3c98 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x47b y3c98 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x47c y3c98 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x47d y3c98 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w120 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">UK Government securities<span class=\"_ _393\"> </span></div></td><td class=\"c n x47e y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x47f y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x480 y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x481 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">404.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x482 y3c65 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x483 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x484 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x485 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x486 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">666.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x487 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">423.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x488 y3c48 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x489 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsc6\">The UK Go<span class=\"_ _1\"></span>vernment securities (\u2018<span class=\"_ _1\"></span>gilts\u2019) bear<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> at a fix<span class=\"_ _1\"></span>ed rate, the a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e maturity of<span class=\"_ _1\"></span> the gilts is 19<span class=\"_ _0\"></span>.3 years (2024: 20<span class=\"_ _1\"></span>.5 y<span class=\"_ _1\"></span>ears), and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsc7\">the aver<span class=\"_ _1\"></span>age fix<span class=\"_ _1\"></span>ed rate coupon is 4.5% (202<span class=\"_ _1\"></span>4: 4.5%). Hedging arrangements in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> these securities ar<span class=\"_ _1\"></span>e described in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsc8\">The cov<span class=\"_ _1\"></span>ered bonds ar<span class=\"_ _1\"></span>e issued by<span class=\"_ _1\"></span> UK financial institutions, ar<span class=\"_ _0\"></span>e denominated in sterling and bear interest<span class=\"_ _1\"></span> at a v<span class=\"_ _1\"></span>ariable rate of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsc9\">based on SONIA. The av<span class=\"_ _1\"></span>erage maturity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ed bonds is 4.0 <span class=\"_ _0\"></span>years (2024: 5.0 <span class=\"_ _1\"></span>years<span class=\"_ _1\"></span>) and the av<span class=\"_ _1\"></span>erage inter<span class=\"_ _1\"></span>est margin abo<span class=\"_ _1\"></span>ve </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsca\">SONIA is 0<span class=\"_ _1\"></span>.53% (2024: 0.51%). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gscb\">All the inv<span class=\"_ _1\"></span>estment securities bear<span class=\"_ _1\"></span> credit risk and ar<span class=\"_ _0\"></span>e classified as Stage 1 exposures (<span class=\"_ _1\"></span>see note 20) <span class=\"_ _1\"></span>for IFRS 9 impairment purposes. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gscc\">As the securities ar<span class=\"_ _1\"></span>e UK sov<span class=\"_ _1\"></span>ereign e<span class=\"_ _1\"></span>xposures, or<span class=\"_ _1\"></span> highly-rated secur<span class=\"_ _1\"></span>ed exposur<span class=\"_ _1\"></span>es to UK<span class=\"_ _1\"></span> financial institutions, the pr<span class=\"_ _1\"></span>obability<span class=\"_ _1\"></span> of def<span class=\"_ _1\"></span>ault </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gscd\">has been assessed to be so lo<span class=\"_ _1\"></span>w <span class=\"_ _1\"></span>that no significant impairment pro<span class=\"_ _1\"></span>vision is requir<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsce\">These securities are a<span class=\"_ _1\"></span>vailable <span class=\"_ _1\"></span>to use as security ag<span class=\"_ _1\"></span>ainst funding arrang<span class=\"_ _1\"></span>ements, such as sale and repur<span class=\"_ _1\"></span>chase transactions, and <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gscf\">similar purposes. <span class=\"_ _0\"></span>At 30 September 2025, \u00a3140<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0 million of <span class=\"_ _1\"></span>this balance, at principal v<span class=\"_ _1\"></span>alue, had been pledged in <span class=\"_ _1\"></span>this w<span class=\"_ _1\"></span>ay (202<span class=\"_ _1\"></span>4: \u00a3nil).</div>",
   "dimensions": {
    "concept": "paragonbankingplc:DisclosureOfInvestmentSecurities",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-417": {
   "value": "15. <span class=\"_ _135\"> </span>Inv<span class=\"_ _1\"></span>estment securities<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment<span class=\"_ _1\"></span> securities, which ar<span class=\"_ _1\"></span>e held as part of<span class=\"_ _1\"></span> Paragon Bank\u2019<span class=\"_ _0\"></span>s liquidity buff<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, are analysed as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span><table class=\"s w11d hd6\" id=\"_53ff1fe5-838e-4d30-803b-ccbb8a3a09f3\"><tr><td></td><td></td><td class=\"c n x475 y3c4e w11e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal amount<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x476 y3c4e w11f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x477 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x478 y3cb2 w12 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x479 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x47a y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x475 y3c98 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x47b y3c98 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x47c y3c98 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x47d y3c98 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w120 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">UK Government securities<span class=\"_ _393\"> </span></div></td><td class=\"c n x47e y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">550.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x47f y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x480 y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x481 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">404.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x482 y3c65 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x483 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x484 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x485 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x486 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">666.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x487 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">423.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x488 y3c48 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x489 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td></tr></table>The UK Go<span class=\"_ _1\"></span>vernment securities (\u2018<span class=\"_ _1\"></span>gilts\u2019) bear<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> at a fix<span class=\"_ _1\"></span>ed rate, the a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e maturity of<span class=\"_ _1\"></span> the gilts is 19<span class=\"_ _0\"></span>.3 years (2024: 20<span class=\"_ _1\"></span>.5 y<span class=\"_ _1\"></span>ears), and the aver<span class=\"_ _1\"></span>age fix<span class=\"_ _1\"></span>ed rate coupon is 4.5% (202<span class=\"_ _1\"></span>4: 4.5%). Hedging arrangements in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> these securities ar<span class=\"_ _1\"></span>e described in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>The cov<span class=\"_ _1\"></span>ered bonds ar<span class=\"_ _1\"></span>e issued by<span class=\"_ _1\"></span> UK financial institutions, ar<span class=\"_ _0\"></span>e denominated in sterling and bear interest<span class=\"_ _1\"></span> at a v<span class=\"_ _1\"></span>ariable rate of<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est based on SONIA. The av<span class=\"_ _1\"></span>erage maturity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ed bonds is 4.0 <span class=\"_ _0\"></span>years (2024: 5.0 <span class=\"_ _1\"></span>years<span class=\"_ _1\"></span>) and the av<span class=\"_ _1\"></span>erage inter<span class=\"_ _1\"></span>est margin abo<span class=\"_ _1\"></span>ve SONIA is 0<span class=\"_ _1\"></span>.53% (2024: 0.51%). All the inv<span class=\"_ _1\"></span>estment securities bear<span class=\"_ _1\"></span> credit risk and ar<span class=\"_ _0\"></span>e classified as Stage 1 exposures (<span class=\"_ _1\"></span>see note 20) <span class=\"_ _1\"></span>for IFRS 9 impairment purposes. As the securities ar<span class=\"_ _1\"></span>e UK sov<span class=\"_ _1\"></span>ereign e<span class=\"_ _1\"></span>xposures, or<span class=\"_ _1\"></span> highly-rated secur<span class=\"_ _1\"></span>ed exposur<span class=\"_ _1\"></span>es to UK<span class=\"_ _1\"></span> financial institutions, the pr<span class=\"_ _1\"></span>obability<span class=\"_ _1\"></span> of def<span class=\"_ _1\"></span>ault has been assessed to be so lo<span class=\"_ _1\"></span>w <span class=\"_ _1\"></span>that no significant impairment pro<span class=\"_ _1\"></span>vision is requir<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span>These securities are a<span class=\"_ _1\"></span>vailable <span class=\"_ _1\"></span>to use as security ag<span class=\"_ _1\"></span>ainst funding arrang<span class=\"_ _1\"></span>ements, such as sale and repur<span class=\"_ _1\"></span>chase transactions, and <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> similar purposes. <span class=\"_ _0\"></span>At 30 September 2025, \u00a3140<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0 million of <span class=\"_ _1\"></span>this balance, at principal v<span class=\"_ _1\"></span>alue, had been pledged in <span class=\"_ _1\"></span>this w<span class=\"_ _1\"></span>ay (202<span class=\"_ _1\"></span>4: \u00a3nil).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-359": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws32 gsd1\">16. <span class=\"_ _ce\"> </span>Loans to customers<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsd2\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s loans to customer<span class=\"_ _1\"></span>s at 30 September<span class=\"_ _1\"></span> 2025, analysed betw<span class=\"_ _1\"></span>een the segments described in note 2 ar<span class=\"_ _1\"></span>e as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s w121 he9\" id=\"_6c7c8f28-9b60-4ff9-ab91-eb41ae5ab85b\"><tr><td></td><td></td><td class=\"c n x1ed y3c3c w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x1ee y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x1ef y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x1f0 y3c3d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3c3d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f2 y3c3d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w122 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">First mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x48a y3c5f w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,791.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x48b y3c5f w55 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,299.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x48c y3c5f w55 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12,747.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w123 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Second charge mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x470 y3c60 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">85.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c60 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">116.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c60 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">154.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w124 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal Mortg<span class=\"_ _1\"></span>age Lending<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x48d y3c40 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,876.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x48e y3c40 w5f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,415.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x48f y3c40 w5f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12,902.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w125 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Finance lease receivables<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c42 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">17<span class=\"_ _393\"> </span></div></td><td class=\"c n x490 y3c42 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,049.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x491 y3c42 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">995.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x492 y3c42 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">907.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w126 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Development finance<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x46a y3c61 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">960.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x46b y3c61 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">884.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x493 y3c61 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">747.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w127 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other secured commer<span class=\"_ _1\"></span>cial lending<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x45e y3c63 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">339.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">320.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">227.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w128 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other commercial loans<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x46a y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">114.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x494 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">89.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">89.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w129 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal Commercial Lending<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x248 y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,464.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x249 y3c4f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,289.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x24a y3c4f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,972.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w53 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x496 y3c62 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x497 y3c62 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x498 y3c62 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,874.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w12a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue adjustments fr<span class=\"_ _1\"></span>om portfolio hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x227 y3c65 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x499 y3c65 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x49a y3c65 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(75.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x49b y3c65 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(379.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x49c y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,335.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x49d y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,630.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x49e y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,495.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsd3\">Other secur<span class=\"_ _1\"></span>ed commercial lending includes structur<span class=\"_ _1\"></span>ed lending, aviation mortg<span class=\"_ _1\"></span>ages and inv<span class=\"_ _1\"></span>oice finance.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsd4\">Other commer<span class=\"_ _1\"></span>cial loans includes principally pr<span class=\"_ _1\"></span>of<span class=\"_ _1\"></span>essions finance, discounted r<span class=\"_ _1\"></span>eceivables, <span class=\"_ _1\"></span>term loans issued under schemes </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsd5\">sponsored b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the British Business Bank (\u2018BBB\u2019) and other<span class=\"_ _1\"></span> short term commer<span class=\"_ _1\"></span>cial balances.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsd6\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s purchased loan portf<span class=\"_ _1\"></span>olios are analy<span class=\"_ _1\"></span>sed below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gsd7\"><table class=\"s wd8 hea\" id=\"_3d42c1b0-98f3-4883-9f3c-43d084c863f6\"><tr><td></td><td class=\"c n x36b y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c98 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c98 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w12b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">First mortg<span class=\"_ _1\"></span>age loans<span class=\"_ _393\"> </span></div></td><td class=\"c n x49f y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a0 y3c62 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w12c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Consumer loans<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">36.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4a1 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a2 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.1<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsd8\">Information on the Estimat<span class=\"_ _1\"></span>ed Remaining Collections (\u2018ERCs\u2019), <span class=\"_ _1\"></span>the undiscounted f<span class=\"_ _1\"></span>orecast collectible amounts, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> first mortg<span class=\"_ _1\"></span>ages and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsd9\">consumer loans is giv<span class=\"_ _1\"></span>en in note 60<span class=\"_ _1\"></span>. All o<span class=\"_ _1\"></span>ther loans abo<span class=\"_ _1\"></span>ve ar<span class=\"_ _1\"></span>e internally g<span class=\"_ _1\"></span>enerated or<span class=\"_ _1\"></span> arise from acquir<span class=\"_ _0\"></span>ed operations.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsda\">The amounts of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s first mortgage assets pledg<span class=\"_ _1\"></span>ed as collateral under<span class=\"_ _1\"></span> the central bank <span class=\"_ _1\"></span>facilities described in note 35, <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsdb\">cover<span class=\"_ _0\"></span>ed bonds described in note 32 or under <span class=\"_ _1\"></span>the securitisation funding arrang<span class=\"_ _1\"></span>ements described in note 60 ar<span class=\"_ _1\"></span>e shown below<span class=\"_ _0\"></span>. These </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsdc\">include notes r<span class=\"_ _1\"></span>etained by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup. <span class=\"_ _1\"></span>The table also sho<span class=\"_ _1\"></span>ws assets pr<span class=\"_ _1\"></span>epositioned with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England for<span class=\"_ _1\"></span> use in futur<span class=\"_ _1\"></span>e drawings.<span class=\"_ _393\"> </span></div><div class=\"gsdd\"><table class=\"s w113 heb\" id=\"_2a10a9c2-85fe-49e1-bbcc-b6c6b14c7ef4\"><tr><td></td><td class=\"c n x455 y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x456 y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x457 y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x1f0 y3c42 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3c42 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f2 y3c42 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c63 w12d hec\"><div class=\"t m0 x19e h52 y3cd5 ff4a fs4 fc1 sc0 ls0 ws0\">Pledged as collat<span class=\"_ _1\"></span>eral in r<span class=\"_ _1\"></span>espect of<span class=\"_ _393\"> </span></div><div class=\"t m0 x4a3 h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset backed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a4 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,913.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c0 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,108.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a5 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,529.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w12e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered Bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a6 y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">891.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a7 y3c4e w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a8 y3c4e w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w12f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank facilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x45b y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,109.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x45c y3c4f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,097.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x45d y3c4f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,109.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w130 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal pledged as c<span class=\"_ _1\"></span>ollater<span class=\"_ _1\"></span>al<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a9 y3c45 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4,914.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c45 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3,206.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x4aa y3c45 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,638.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w131 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prepositioned with Bank of England<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ab y3c62 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,909.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ac y3c62 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,571.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x235 y3c62 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,568.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w132 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other first mortg<span class=\"_ _1\"></span>age assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ad y3c65 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,967.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ae y3c65 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3,521.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4af y3c65 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,540.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w133 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal fir<span class=\"_ _1\"></span>st mortgag<span class=\"_ _1\"></span>e assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b0 y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,791.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ad y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,299.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b1 y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12,747.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsde\">No assets of<span class=\"_ _1\"></span> other classes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e pledged as collateral at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2025, 30 September<span class=\"_ _1\"></span> 2024 or 30 Sept<span class=\"_ _1\"></span>ember 2023.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "17<span class=\"_ _0\"></span>. <span class=\"_ _5\"> </span>Finance lease receiv<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s finance leases can be analy<span class=\"_ _1\"></span>sed as shown below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w134 he0\" id=\"_faab6723-61f9-4b6e-91b3-7b389ea96bbf\"><tr><td></td><td class=\"c n x463 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w135 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Motor finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c98 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">360.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c98 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">331.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c98 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">297.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b2 y3c62 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">671.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b3 y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">633.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3dd y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">559.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w137 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">BBB sponsored schemes<span class=\"_ _393\"> </span></div></td><td class=\"c n x470 y3c65 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c65 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c65 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w138 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b4 y3c48 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,049.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b5 y3c48 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">995.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b6 y3c48 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">907.3<span class=\"_ _393\"> </span></div></td></tr></table>The minimum lease payments due under<span class=\"_ _1\"></span> these loan agr<span class=\"_ _1\"></span>eements are:<span class=\"_ _393\"> </span><table class=\"s w139 he2\" id=\"_a0ead625-5ecf-4f7f-90b1-4e66ee172b9b\"><tr><td></td><td class=\"c n x463 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c3f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c40 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c40 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c40 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd6 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c42 w13a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c42 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">380.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c42 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">279.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c42 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">318.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w13b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c43 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">321.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c43 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">285.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c43 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">269.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w13c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within two to three y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b7 y3c44 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">246.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b8 y3c44 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">255.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x1e2 y3c44 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">218.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w13d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within three to f<span class=\"_ _1\"></span>our year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b9 y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">159.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ba y3c4e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">190.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x1c9 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">143.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w13e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within four to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bb y3c4f w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">74.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f9 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">104.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bc y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">67.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w13f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">After five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bd y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">68.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4be y3c45 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">104.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x390 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">60.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x46d y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,251.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x46e y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,219.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x46f y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,077.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w140 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less: future finance income<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bf y3c65 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(193.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c0 y3c65 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(213.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c1 y3c65 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(158.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w141 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Present v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c2 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,058.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c3 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,006.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c4 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">919.8<span class=\"_ _393\"> </span></div></td></tr></table>The present<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of <span class=\"_ _1\"></span>those payments, net o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ovisions <span class=\"_ _1\"></span>for impairment, carried in <span class=\"_ _1\"></span>the accounts are:<span class=\"_ _393\"> </span><table class=\"s w142 he1\" id=\"_f97fe802-d91e-4de6-b3a0-2e26884afe9b\"><tr><td></td><td class=\"c n x463 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c43 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd7 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts receiv<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e w13a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c4e w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">323.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">230.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">272.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w143 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within two to five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c5 y3c4f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">678.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c6 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">690.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">597.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w13f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">After five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bd y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c7 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">85.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x355 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w141 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Present v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c2 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,058.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c3 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,006.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c4 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">919.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w144 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Allowance f<span class=\"_ _1\"></span>or uncollectible amounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c8 y3c47 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c9 y3c47 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(10.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ca y3c47 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(12.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w138 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b4 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,049.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b5 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">995.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b6 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">907.3<span class=\"_ _393\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-360": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gse7\">18. <span class=\"_ _a\"> </span>Impairment provisions on loans <span class=\"_ _0\"></span>to customers<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gse8\">The f<span class=\"_ _1\"></span>ollowing notes set out<span class=\"_ _1\"></span> information on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s impairment provisioning under<span class=\"_ _1\"></span> IFRS 9 for<span class=\"_ _1\"></span> the loans <span class=\"_ _1\"></span>to customers balances set </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gse9\">out in note 16, including both <span class=\"_ _1\"></span>finance leases, accounted for<span class=\"_ _0\"></span> under IFRS 16, and loans held at amortised cost, accounted for<span class=\"_ _1\"></span> under IFRS 9<span class=\"_ _1\"></span>, </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsea\">as both groups o<span class=\"_ _1\"></span>f assets ar<span class=\"_ _1\"></span>e subject t<span class=\"_ _1\"></span>o the IFRS 9 impairment requir<span class=\"_ _1\"></span>ements. </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gseb\">The disclosures ar<span class=\"_ _1\"></span>e set out <span class=\"_ _1\"></span>within the <span class=\"_ _1\"></span>following not<span class=\"_ _1\"></span>es:<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsec\">\u2022 <span class=\"_ _6\"> </span>19  Loan impairments \u2013 Basis of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsed\">\u2022 <span class=\"_ _6\"> </span>20 <span class=\"_ _2\"></span>Loan impairments b<span class=\"_ _1\"></span>y stag<span class=\"_ _1\"></span>e and division<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsee\">\u2022 <span class=\"_ _6\"> </span>21 <span class=\"_ _190\"> </span>Loan impairments \u2013 Pr<span class=\"_ _1\"></span>ovision mo<span class=\"_ _1\"></span>vements in the <span class=\"_ _0\"></span>year<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsef\">\u2022 <span class=\"_ _6\"> </span>22 <span class=\"_ _33\"></span>Loan impairments \u2013 E<span class=\"_ _1\"></span>conomic inputs to calculations<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsf0\">\u2022 <span class=\"_ _6\"> </span>23 <span class=\"_ _33\"></span>L<span class=\"_ _1\"></span>oan impairments \u2013 Sensitivity analy<span class=\"_ _1\"></span>sis<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsf1\">The impact on the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s profit and loss account <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> is set out in note 10<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gsf3\">19<span class=\"_ _1\"></span>. <span class=\"_ _135\"> </span>Loan impairment \u2013 basis of<span class=\"_ _0\"></span> provisions<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsf4\">IFRS 9 requires <span class=\"_ _1\"></span>that impairment is e<span class=\"_ _1\"></span>valuated on an expect<span class=\"_ _1\"></span>ed credit loss (\u2018E<span class=\"_ _1\"></span>CL<span class=\"_ _e\"></span>\u2019) basis. ECLs are based on an assessment<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsf5\">probability<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> default (\u2018PD\u2019) and loss given de<span class=\"_ _1\"></span>fault (\u2018L<span class=\"_ _1\"></span>GD\u2019), discounted t<span class=\"_ _1\"></span>o give a net pr<span class=\"_ _1\"></span>esent <span class=\"_ _1\"></span>value. <span class=\"_ _1\"></span>The estimation of<span class=\"_ _1\"></span> ECL<span class=\"_ _1\"></span> should be </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsf6\">unbiased and probability<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>eighted, considering all reasonable and supportable inf<span class=\"_ _1\"></span>ormation, including forw<span class=\"_ _1\"></span>ard-looking economic </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsf7\">assumptions and a range o<span class=\"_ _1\"></span>f possible outcomes. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>ovision may<span class=\"_ _0\"></span> be based on either twelv<span class=\"_ _1\"></span>e month or lif<span class=\"_ _1\"></span>etime ECL, dependent on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsf8\">whether an account<span class=\"_ _1\"></span> has experienced a significant increase in cr<span class=\"_ _1\"></span>edit risk (\u2018SICR\u2019). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsf9\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s process <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> determining its pro<span class=\"_ _1\"></span>visions for<span class=\"_ _0\"></span> impairments is summarised below. <span class=\"_ _1\"></span>This includes:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsfa\">i. <span class=\"_ _11\"> </span> <span class=\"_ _b2\"> </span>The methods used for <span class=\"_ _1\"></span>the calculation of<span class=\"_ _1\"></span> ECL<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsfb\">ii. <span class=\"_ _ce\"> </span> <span class=\"_ _34\"> </span>How it de<span class=\"_ _1\"></span>fines SICR<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsfc\">iii.   <span class=\"_ _b4\"> </span>How it defines default </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsfd\">iv<span class=\"_ _1\"></span>.   <span class=\"_ _b4\"> </span>How it identifies <span class=\"_ _1\"></span>which loans are cr<span class=\"_ _1\"></span>edit impaired, as de<span class=\"_ _1\"></span>fined by IFRS 9<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsfe\">v<span class=\"_ _1\"></span>. <span class=\"_ _ce\"> </span> <span class=\"_ _34\"> </span>How <span class=\"_ _1\"></span>the E<span class=\"_ _1\"></span>CL estimation pr<span class=\"_ _1\"></span>ocess is monitored and contr<span class=\"_ _1\"></span>olled<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsff\">vi. <span class=\"_ _b6\"> </span> <span class=\"_ _b4\"> </span>How the Gr<span class=\"_ _1\"></span>oup dev<span class=\"_ _1\"></span>elops and enhances the models it uses in <span class=\"_ _1\"></span>the ECL<span class=\"_ _0\"></span> estimation process<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs100\">vii. <span class=\"_ _0\"></span> <span class=\"_ _b2\"> </span>How the Gr<span class=\"_ _1\"></span>oup uses judgemental adjustments t<span class=\"_ _1\"></span>o ensure all elements of<span class=\"_ _1\"></span> credit<span class=\"_ _1\"></span> risk are <span class=\"_ _1\"></span>fully addr<span class=\"_ _1\"></span>essed<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs101\">viii. <span class=\"_ _b4\"> </span>How<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup assesses the po<span class=\"_ _1\"></span>tential for<span class=\"_ _1\"></span> climate change <span class=\"_ _1\"></span>to impact on its impairment analy<span class=\"_ _1\"></span>sis<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs102\">i) <span class=\"_ _d6\"> </span> <span class=\"_ _b2\"> </span>Calculation of e<span class=\"_ _1\"></span>xpected credit loss (\u2018ECL<span class=\"_ _14\"></span>\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs103\">F<span class=\"_ _0\"></span>or the majority<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s loan assets, the E<span class=\"_ _1\"></span>CL<span class=\"_ _1\"></span> is generated using statistical models applied <span class=\"_ _1\"></span>to account data t<span class=\"_ _1\"></span>o generate PD </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs104\">and L<span class=\"_ _1\"></span>GD components. In determining f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>which portfolios a statistically<span class=\"_ _1\"></span> modelled approach is appr<span class=\"_ _1\"></span>opriate, the Gr<span class=\"_ _1\"></span>oup considers <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs105\">volume of<span class=\"_ _1\"></span> av<span class=\"_ _1\"></span>ailable data and the le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> similarity o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the credit char<span class=\"_ _1\"></span>acteristics of <span class=\"_ _1\"></span>the underlying accounts.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs106\">PD on both a tw<span class=\"_ _1\"></span>elve month and lifetime basis is estimat<span class=\"_ _1\"></span>ed based on statistical models for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s most significant asset classes. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs107\">The PD calculation is a function of<span class=\"_ _0\"></span> current asset performance, customer<span class=\"_ _1\"></span> information and <span class=\"_ _1\"></span>future economic assumptions. <span class=\"_ _1\"></span>The models </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs108\">wer<span class=\"_ _1\"></span>e developed <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>the analysis o<span class=\"_ _1\"></span>f corr<span class=\"_ _1\"></span>elation in historic data, which identified <span class=\"_ _1\"></span>which current and hist<span class=\"_ _1\"></span>orical customer attribut<span class=\"_ _1\"></span>es </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs109\">and external economic <span class=\"_ _1\"></span>variables <span class=\"_ _1\"></span>were pr<span class=\"_ _1\"></span>edictive o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>future loss. PD measur<span class=\"_ _1\"></span>es are calculated <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the full contr<span class=\"_ _1\"></span>actual lives of<span class=\"_ _1\"></span> loans with </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs10a\">the models deriving probabilities <span class=\"_ _1\"></span>that, at a given <span class=\"_ _1\"></span>future date, a loan <span class=\"_ _1\"></span>will be in default, performing or<span class=\"_ _1\"></span> closed. <span class=\"_ _1\"></span>The Group utilised all </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs10b\">reasonably<span class=\"_ _1\"></span> av<span class=\"_ _1\"></span>ailable information in its possession f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>this exer<span class=\"_ _1\"></span>cise.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs10c\">L<span class=\"_ _1\"></span>GD for<span class=\"_ _0\"></span> each account is derived by calculating a <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> exposure at<span class=\"_ _1\"></span> the point of<span class=\"_ _1\"></span> default (<span class=\"_ _1\"></span>which will include consider<span class=\"_ _1\"></span>ation of <span class=\"_ _1\"></span>future </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs10d\">interest, account char<span class=\"_ _1\"></span>ges and r<span class=\"_ _1\"></span>eceipts) and r<span class=\"_ _1\"></span>educing this <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> security <span class=\"_ _1\"></span>values, net o<span class=\"_ _1\"></span>f lik<span class=\"_ _1\"></span>ely costs o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>ery<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>hese calculations allow<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs10e\">for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s potential case manag<span class=\"_ _1\"></span>ement activities, including the use of<span class=\"_ _1\"></span> receiv<span class=\"_ _1\"></span>ers of<span class=\"_ _1\"></span> rent in buy<span class=\"_ _1\"></span>-to-let cases. <span class=\"_ _0\"></span>This evaluation </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs10f\">includes the potential impact<span class=\"_ _1\"></span> of economic conditions at<span class=\"_ _1\"></span> the time o<span class=\"_ _1\"></span>f any<span class=\"_ _0\"></span> future default or<span class=\"_ _1\"></span> enfor<span class=\"_ _1\"></span>cement. T<span class=\"_ _1\"></span>he derivation of<span class=\"_ _1\"></span> the significant </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs110\">assumptions used in these calculations is discussed belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs111\">In certain asset classes a fully<span class=\"_ _1\"></span> modelled approach is no<span class=\"_ _1\"></span>t possible. T<span class=\"_ _1\"></span>his is generally<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>e are <span class=\"_ _1\"></span>few<span class=\"_ _1\"></span> assets in <span class=\"_ _1\"></span>the class, wher<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs112\">is insufficient historical data on which <span class=\"_ _1\"></span>to base an analysis or<span class=\"_ _0\"></span> where certain measures, such as da<span class=\"_ _1\"></span>ys past due ar<span class=\"_ _1\"></span>e not useful (including </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs113\">cases wher<span class=\"_ _1\"></span>e the loan agr<span class=\"_ _1\"></span>eement does not r<span class=\"_ _1\"></span>equire r<span class=\"_ _1\"></span>egular pa<span class=\"_ _1\"></span>yments of<span class=\"_ _1\"></span> pre-determined amounts<span class=\"_ _1\"></span>). In these cases, <span class=\"_ _1\"></span>which repr<span class=\"_ _1\"></span>esent </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs114\">a small proportion of<span class=\"_ _0\"></span> the total portfolio<span class=\"_ _1\"></span>, alternative appr<span class=\"_ _1\"></span>oaches are adopt<span class=\"_ _1\"></span>ed. These r<span class=\"_ _1\"></span>ely<span class=\"_ _1\"></span> on internal cost monitoring practices and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs115\">prof<span class=\"_ _1\"></span>essional credit judg<span class=\"_ _1\"></span>ement. F<span class=\"_ _0\"></span>or each of <span class=\"_ _1\"></span>these portfolios, minimum pr<span class=\"_ _1\"></span>ovision le<span class=\"_ _1\"></span>vels ar<span class=\"_ _1\"></span>e set based on ov<span class=\"_ _1\"></span>erall performance <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs116\">asset class and the risk<span class=\"_ _1\"></span> appetites informing underwriting pr<span class=\"_ _1\"></span>ocesses.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs117\">The largest<span class=\"_ _1\"></span> portfolio wher<span class=\"_ _1\"></span>e a fully<span class=\"_ _1\"></span> modelled approach is no<span class=\"_ _1\"></span>t tak<span class=\"_ _1\"></span>en is the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s development finance book, <span class=\"_ _1\"></span>which has a relativ<span class=\"_ _1\"></span>ely </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs118\">low number<span class=\"_ _0\"></span> of cases (ar<span class=\"_ _1\"></span>ound 250) and a low<span class=\"_ _1\"></span> incidence of<span class=\"_ _1\"></span> historical losses on which <span class=\"_ _1\"></span>to base a model. F<span class=\"_ _0\"></span>or this portf<span class=\"_ _1\"></span>olio the impairment </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs119\">pro<span class=\"_ _1\"></span>vision is based on the output of<span class=\"_ _1\"></span> internal case-b<span class=\"_ _1\"></span>y-case monitoring, performed <span class=\"_ _1\"></span>within the business and subject<span class=\"_ _1\"></span> to a pr<span class=\"_ _1\"></span>ocess of </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs11a\">challenge by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>finance and credit risk<span class=\"_ _1\"></span> functions.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs11b\">Notwithstanding the mechanical pr<span class=\"_ _1\"></span>ocedures discussed abo<span class=\"_ _1\"></span>ve, <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>will alway<span class=\"_ _1\"></span>s consider <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>ocess generates </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs11c\">sufficient pro<span class=\"_ _1\"></span>vision for<span class=\"_ _0\"></span> particular loans, especially larg<span class=\"_ _1\"></span>e exposures, and <span class=\"_ _1\"></span>will pro<span class=\"_ _1\"></span>vide additional amounts as appropriate.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs11d\">In extreme or<span class=\"_ _0\"></span> unprecedented economic conditions, it is likely<span class=\"_ _1\"></span> that mechanical models <span class=\"_ _1\"></span>will be less predictiv<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> outcomes as the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs11e\">historical data used for<span class=\"_ _0\"></span> modelling will be insufficiently r<span class=\"_ _1\"></span>epresentativ<span class=\"_ _1\"></span>e of conditions at <span class=\"_ _1\"></span>the balance sheet date. <span class=\"_ _1\"></span>This may<span class=\"_ _0\"></span> be the case </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs11f\">where economic indicators at<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>eporting date and futur<span class=\"_ _1\"></span>e expectations f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>those indicators lie outside the r<span class=\"_ _1\"></span>ange of<span class=\"_ _1\"></span> the observ<span class=\"_ _1\"></span>ations </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs120\">used to construct <span class=\"_ _1\"></span>the models. In such circumstances, manag<span class=\"_ _1\"></span>ement care<span class=\"_ _1\"></span>fully r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>w all outputs <span class=\"_ _1\"></span>to ensure pr<span class=\"_ _1\"></span>ovision is adequate.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs121\">During the financial <span class=\"_ _0\"></span>year the economic en<span class=\"_ _1\"></span>vironment in <span class=\"_ _1\"></span>the UK r<span class=\"_ _1\"></span>emained relativ<span class=\"_ _1\"></span>ely stable, albeit <span class=\"_ _1\"></span>with inter<span class=\"_ _1\"></span>est rates at <span class=\"_ _1\"></span>far higher<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs122\">than had been seen for<span class=\"_ _1\"></span> much of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>ten y<span class=\"_ _1\"></span>ears up t<span class=\"_ _1\"></span>o June 2023. <span class=\"_ _1\"></span>This <span class=\"_ _1\"></span>type of higher<span class=\"_ _0\"></span> rate environment is not<span class=\"_ _1\"></span> significantly r<span class=\"_ _1\"></span>epresented </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs123\">in the historic data sets used <span class=\"_ _1\"></span>to construct <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s impairment models, and the Gr<span class=\"_ _1\"></span>oup has carefully<span class=\"_ _1\"></span> considered <span class=\"_ _1\"></span>their lik<span class=\"_ _0\"></span>ely </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs124\">performance under<span class=\"_ _1\"></span> these conditions and <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ement for<span class=\"_ _0\"></span> additional judgemental adjustments at the period end to compensate </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs125\">for<span class=\"_ _1\"></span> any <span class=\"_ _1\"></span>weaknesses. Ho<span class=\"_ _1\"></span>wev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s monitoring of model perf<span class=\"_ _1\"></span>ormance ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the period served t<span class=\"_ _1\"></span>o mitigate these concerns, <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs126\">some extent, and the le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f such adjustments r<span class=\"_ _1\"></span>educed in the period.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs128\">The methodologies used t<span class=\"_ _1\"></span>o derive the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s ECL<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>visions at 30 September<span class=\"_ _1\"></span> 2025 are analy<span class=\"_ _1\"></span>sed below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w145 he7\" id=\"_c5398313-09ea-4209-90fd-cc1274c70565\"><tr><td></td><td class=\"c n x4cb y3c43 w146 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gross<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cc y3c43 w147 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cd y3c43 w148 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls16 ws8d\">Net<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c44 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c44 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3c44 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd8 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w149 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Modelled portfolios<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ce y3c4f w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,920.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cf y3c4f w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(38.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d0 y3c4f w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,882.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w14a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Judgemental adjus<span class=\"_ _1\"></span>tments thereon<span class=\"_ _393\"> </span></div></td><td class=\"c n x224 y3c45 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d1 y3c45 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d2 y3c45 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x387 y3c50 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,920.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d3 y3c50 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(40.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d4 y3c50 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,880.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w14b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Non-modelled portfolios<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d5 y3c65 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,508.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d6 y3c65 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(47.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x34c y3c65 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,460.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w14c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x24b y3c48 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,429.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d7 y3c48 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(87.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d8 y3c48 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs129\"><table class=\"s w14d hed\" id=\"_6c3a152c-8fa1-4939-a46a-3e8a26f63aec\"><tr><td></td><td class=\"c n x4cb y3cd9 w146 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gross<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cc y3cd9 w147 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cd y3cd9 w148 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls16 ws8d\">Net<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3cda w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3cda w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3cda w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cdb ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w149 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Modelled portfolios<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ce y3c4f w55 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,418.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d9 y3c4f w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(41.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x48f y3c4f w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,377.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w14a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Judgemental adjus<span class=\"_ _1\"></span>tments thereon<span class=\"_ _393\"> </span></div></td><td class=\"c n x224 y3c45 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d1 y3c45 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(5.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4da y3c45 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(5.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x387 y3c62 w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,418.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4db y3c62 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(46.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4dc y3c62 w55 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,372.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w14e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-modelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x4dd y3c65 w18 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1,363.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x4de y3c65 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(30.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4df y3c65 w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1,333.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w14c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x24b y3c48 w55 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e0 y3c48 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(76.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e1 y3c48 w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs12a\">In addition to <span class=\"_ _1\"></span>the judgemental adjustments t<span class=\"_ _1\"></span>o model outputs shown abov<span class=\"_ _1\"></span>e, at 30 September<span class=\"_ _1\"></span> 2024 management applied a \u00a31.5m </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs12b\">uplift to pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>floors in the de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance operation, re<span class=\"_ _1\"></span>flecting specific economic risks to <span class=\"_ _1\"></span>that business. <span class=\"_ _1\"></span>The monitoring of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs12c\">the portfolio in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span> has indicated that this gener<span class=\"_ _1\"></span>al uplift w<span class=\"_ _1\"></span>as no longer<span class=\"_ _1\"></span> requir<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> portfolio at 30 September<span class=\"_ _1\"></span> 2025. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs12d\">Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the concerns in r<span class=\"_ _1\"></span>elation to <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment finance portfolio ha<span class=\"_ _1\"></span>ve become f<span class=\"_ _1\"></span>ocussed on a cohort of<span class=\"_ _1\"></span> accounts written </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs12e\">in 2022 and earlier <span class=\"_ _1\"></span>which have e<span class=\"_ _1\"></span>xhibited poor perf<span class=\"_ _1\"></span>ormance in the curr<span class=\"_ _1\"></span>ent economic envir<span class=\"_ _1\"></span>onment and are still being <span class=\"_ _1\"></span>work<span class=\"_ _1\"></span>ed out. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs12f\">F<span class=\"_ _0\"></span>ocussed stress testing on <span class=\"_ _1\"></span>these accounts resulted in an uplift <span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>ovision of<span class=\"_ _1\"></span> \u00a31.5m at 30 September<span class=\"_ _1\"></span> 2025.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs130\">T<span class=\"_ _0\"></span>otal uplifts acr<span class=\"_ _1\"></span>oss the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loan portfolio as a whole w<span class=\"_ _1\"></span>ere <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore \u00a33.<span class=\"_ _1\"></span>0m (2024: \u00a36.5m). <span class=\"_ _0\"></span>The derivation of <span class=\"_ _1\"></span>these adjustments is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws1b gs131\">discussed further below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs132\">ii) <span class=\"_ _8\"> </span> <span class=\"_ _34\"> </span>Significant Increase in Credit Risk<span class=\"_ _1\"></span> (\u2018SICR\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs133\">Under IFRS 9<span class=\"_ _1\"></span>, SICR is not defined solely<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> account performance, but on <span class=\"_ _1\"></span>the basis of <span class=\"_ _1\"></span>the customer\u2019<span class=\"_ _0\"></span>s over<span class=\"_ _1\"></span>all credit position, and <span class=\"_ _1\"></span>this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs134\">ev<span class=\"_ _1\"></span>aluation should include consideration of<span class=\"_ _1\"></span> external data. <span class=\"_ _1\"></span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s aim is to define SICR <span class=\"_ _1\"></span>to corr<span class=\"_ _1\"></span>espond, as closely as possible, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs135\">to that population o<span class=\"_ _1\"></span>f accounts <span class=\"_ _1\"></span>which are subject <span class=\"_ _1\"></span>to enhanced administrativ<span class=\"_ _1\"></span>e and monitoring procedur<span class=\"_ _1\"></span>es operationally<span class=\"_ _0\"></span>. The Gr<span class=\"_ _1\"></span>oup </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs136\">assesses SICR in its modelled portfolios primarily<span class=\"_ _1\"></span> on the basis of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elative diff<span class=\"_ _1\"></span>erence in an account\u2019<span class=\"_ _0\"></span>s lifetime PD between </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs137\">origination and the r<span class=\"_ _1\"></span>eporting date. <span class=\"_ _1\"></span>The lev<span class=\"_ _1\"></span>els of diff<span class=\"_ _1\"></span>erence r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to qualify<span class=\"_ _1\"></span> as an SICR may diff<span class=\"_ _1\"></span>er be<span class=\"_ _1\"></span>tween portfolios and <span class=\"_ _1\"></span>will </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs138\">depend, to some ext<span class=\"_ _1\"></span>ent, on the le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> risk originally<span class=\"_ _1\"></span> perceived and ar<span class=\"_ _0\"></span>e monitored on an ongoing basis to ensur<span class=\"_ _1\"></span>e that<span class=\"_ _1\"></span> this calibrates </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs139\">with actual experience.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs13a\">It should be noted <span class=\"_ _1\"></span>that the use of<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent PD<span class=\"_ _1\"></span>, which includes ext<span class=\"_ _1\"></span>ernal factors such as cr<span class=\"_ _1\"></span>edit bur<span class=\"_ _1\"></span>eau data, means that all r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs13b\">information in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s hands concerning the customers\u2019 pr<span class=\"_ _0\"></span>esent credit position is included in the e<span class=\"_ _1\"></span>valuation, as <span class=\"_ _1\"></span>well as the impact<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs13c\">of <span class=\"_ _1\"></span>future economic e<span class=\"_ _1\"></span>xpectations. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs13d\">F<span class=\"_ _0\"></span>or non-modelled portfolios, the SICR assessment<span class=\"_ _1\"></span> is based on the cr<span class=\"_ _1\"></span>edit monitoring position of<span class=\"_ _1\"></span> the account in question and <span class=\"_ _1\"></span>for all </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs13e\">portfolios a number<span class=\"_ _1\"></span> of qualitativ<span class=\"_ _1\"></span>e indicators <span class=\"_ _1\"></span>which pro<span class=\"_ _1\"></span>vide evidence of<span class=\"_ _1\"></span> SICR have been consider<span class=\"_ _0\"></span>ed. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs13f\">Loans <span class=\"_ _1\"></span>will generally<span class=\"_ _1\"></span> be considered <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>etain significantly incr<span class=\"_ _1\"></span>eased credit risk<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> a period after<span class=\"_ _1\"></span> the SICR <span class=\"_ _1\"></span>trigger<span class=\"_ _1\"></span> no longer<span class=\"_ _1\"></span> remains.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs140\">As part of<span class=\"_ _1\"></span> its determination of<span class=\"_ _1\"></span> whether<span class=\"_ _1\"></span> model outputs f<span class=\"_ _1\"></span>orm a reliable basis <span class=\"_ _1\"></span>for impairment<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>visioning, the Gr<span class=\"_ _1\"></span>oup considered </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs141\">whether it<span class=\"_ _1\"></span> had any e<span class=\"_ _1\"></span>vidence of<span class=\"_ _1\"></span> groups o<span class=\"_ _1\"></span>f accounts demonstrating <span class=\"_ _1\"></span>factors indicating a higher<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>el of cr<span class=\"_ _1\"></span>edit risk <span class=\"_ _1\"></span>than other<span class=\"_ _1\"></span> accounts </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs142\">in the same portfolios, either<span class=\"_ _0\"></span> from operational experience or<span class=\"_ _1\"></span> its regular<span class=\"_ _0\"></span> credit risk monitoring activities. No such evidence <span class=\"_ _1\"></span>was no<span class=\"_ _1\"></span>ted </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs143\">at 30 September<span class=\"_ _1\"></span> 2025 or 30 Sep<span class=\"_ _1\"></span>tember 2024<span class=\"_ _1\"></span>, and hence no additional accounts w<span class=\"_ _1\"></span>ere identified as having an SICR, outside <span class=\"_ _1\"></span>those </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs144\">identified by<span class=\"_ _1\"></span> standard, portfolio-<span class=\"_ _1\"></span>wide, procedur<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs146\">iii) <span class=\"_ _33\"></span> <span class=\"_ _b2\"> </span>Definitions of de<span class=\"_ _1\"></span>fault<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs147\">As the IFRS 9 definition of<span class=\"_ _1\"></span> ECL<span class=\"_ _1\"></span> is based on PD<span class=\"_ _1\"></span>, default must be defined <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> this purpose. <span class=\"_ _1\"></span>The analysis o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these default cases </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs148\">pro<span class=\"_ _1\"></span>vides the f<span class=\"_ _1\"></span>oundation for<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s PD modelling. IFRS 9 provides a r<span class=\"_ _1\"></span>ebuttable presumption <span class=\"_ _1\"></span>that an account is in default <span class=\"_ _1\"></span>when it </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs149\">is 90 days o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>due and this <span class=\"_ _1\"></span>was used as the basis o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s definition, combined with qualitativ<span class=\"_ _1\"></span>e and quantitative f<span class=\"_ _1\"></span>actors specific </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs14a\">to each portfolio. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs14b\">The most influential quantitative <span class=\"_ _1\"></span>factor<span class=\"_ _1\"></span> in the majority<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> portfolios is the arr<span class=\"_ _1\"></span>ears lev<span class=\"_ _1\"></span>el, while <span class=\"_ _1\"></span>the principal qualitative <span class=\"_ _1\"></span>factors r<span class=\"_ _1\"></span>elate </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs14c\">to internal account management statuses. In particular<span class=\"_ _0\"></span> the decision to commence a pr<span class=\"_ _1\"></span>ocess of enf<span class=\"_ _1\"></span>orcement <span class=\"_ _1\"></span>will be considered as a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs14d\">default in all portfolios. In <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s buy-to-le<span class=\"_ _1\"></span>t mortgage portfolio <span class=\"_ _1\"></span>the appointment of<span class=\"_ _1\"></span> a receiv<span class=\"_ _1\"></span>er o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>ent t<span class=\"_ _1\"></span>o manage the pr<span class=\"_ _1\"></span>operty on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs14e\">the customer\u2019<span class=\"_ _0\"></span>s behalf is considered a de<span class=\"_ _1\"></span>fault, while <span class=\"_ _1\"></span>for portf<span class=\"_ _1\"></span>olios assessed on a case-by-case basis, such as <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s dev<span class=\"_ _1\"></span>elopment </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs14f\">finance loans, the mo<span class=\"_ _1\"></span>vement of<span class=\"_ _1\"></span> an account t<span class=\"_ _1\"></span>o the highest risk cat<span class=\"_ _1\"></span>egory used <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> internal monitoring is consider<span class=\"_ _1\"></span>ed as a default. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs150\">This ensures <span class=\"_ _1\"></span>that the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s definitions of default <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> its v<span class=\"_ _1\"></span>arious portfolios ar<span class=\"_ _1\"></span>e materially aligned <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> definitions of<span class=\"_ _1\"></span> default </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs151\">used internally<span class=\"_ _0\"></span>, and are broadly<span class=\"_ _1\"></span> aligned to its internal oper<span class=\"_ _1\"></span>ational procedur<span class=\"_ _1\"></span>es, allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the arbitrary natur<span class=\"_ _0\"></span>e of the 90-day<span class=\"_ _1\"></span> cut-off<span class=\"_ _1\"></span>, </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs152\">which is a regulatory<span class=\"_ _1\"></span> rather<span class=\"_ _1\"></span> than an operational r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ement. In particular <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s receiver<span class=\"_ _0\"></span> of rent cases ar<span class=\"_ _1\"></span>e defined as default<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs153\">modelling purposes as the behaviour<span class=\"_ _0\"></span> of the case after<span class=\"_ _1\"></span> that point<span class=\"_ _1\"></span> is significantly influenced b<span class=\"_ _1\"></span>y internal manag<span class=\"_ _1\"></span>ement decisions.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs154\">iv) <span class=\"_ _2\"></span> <span class=\"_ _b2\"> </span>Credit impaired loans<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs155\">IFRS 9 defines a credit impair<span class=\"_ _1\"></span>ed account as one wher<span class=\"_ _1\"></span>e an account has suffer<span class=\"_ _1\"></span>ed one or mor<span class=\"_ _1\"></span>e e<span class=\"_ _1\"></span>vents which ha<span class=\"_ _1\"></span>ve had a detrimental </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs156\">effect on <span class=\"_ _1\"></span>future cash <span class=\"_ _1\"></span>flows. It is <span class=\"_ _1\"></span>thus a backwar<span class=\"_ _1\"></span>d-looking definition, rather<span class=\"_ _1\"></span> than one based on <span class=\"_ _1\"></span>future expectations.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs157\">Credit impair<span class=\"_ _1\"></span>ed assets ar<span class=\"_ _1\"></span>e identified either <span class=\"_ _1\"></span>through quantitativ<span class=\"_ _1\"></span>e measures or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> operational status. Designations of<span class=\"_ _1\"></span> accounts </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs158\">for<span class=\"_ _1\"></span> regulatory<span class=\"_ _1\"></span> capital purposes are also <span class=\"_ _1\"></span>taken int<span class=\"_ _1\"></span>o account. Assets ma<span class=\"_ _1\"></span>y also be assigned <span class=\"_ _1\"></span>to Stage 3 if<span class=\"_ _1\"></span> the<span class=\"_ _1\"></span>y ar<span class=\"_ _0\"></span>e identified as credit </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs159\">impaired as a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> management r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>w pr<span class=\"_ _1\"></span>ocesses.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs15a\">All loans which ar<span class=\"_ _1\"></span>e in the pr<span class=\"_ _1\"></span>ocess of<span class=\"_ _1\"></span> enforcement, <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the point wher<span class=\"_ _1\"></span>e this becomes <span class=\"_ _1\"></span>the administration strategy<span class=\"_ _0\"></span>, are classified as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs15b\">credit impair<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs15c\">Loans ar<span class=\"_ _1\"></span>e retained in S<span class=\"_ _1\"></span>tage 3 f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>three months after<span class=\"_ _1\"></span> the point<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e the<span class=\"_ _1\"></span>y cease <span class=\"_ _1\"></span>to exhibit the char<span class=\"_ _1\"></span>acteristics of<span class=\"_ _1\"></span> default. <span class=\"_ _1\"></span>After<span class=\"_ _1\"></span> this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs15d\">point, the<span class=\"_ _1\"></span>y may<span class=\"_ _0\"></span> move to Stag<span class=\"_ _1\"></span>e 2 or Stag<span class=\"_ _1\"></span>e 1 depending on whether<span class=\"_ _1\"></span> an SICR trigg<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>emains.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs15e\">All default cases ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be credit impair<span class=\"_ _0\"></span>ed, including all receiver o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>ent cases and all cases with at<span class=\"_ _1\"></span> least one payment mor<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs15f\">than 90 days o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>due, ev<span class=\"_ _1\"></span>en wher<span class=\"_ _1\"></span>e such cases are being managed in <span class=\"_ _1\"></span>the expectation of<span class=\"_ _1\"></span> realising <span class=\"_ _1\"></span>the whole carrying balance. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs160\">In order<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>ovide bett<span class=\"_ _1\"></span>er inf<span class=\"_ _1\"></span>ormation for<span class=\"_ _1\"></span> users, additional analysis o<span class=\"_ _1\"></span>f cr<span class=\"_ _1\"></span>edit impaired accounts has been pr<span class=\"_ _1\"></span>esented in note 20<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs161\">distinguishing between pr<span class=\"_ _1\"></span>obationary accounts, r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent accounts, accounts subject<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>ealisation / enfor<span class=\"_ _1\"></span>cement procedur<span class=\"_ _1\"></span>es </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs162\">and long-term manag<span class=\"_ _1\"></span>ed accounts, all of<span class=\"_ _1\"></span> which ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>eated as credit impair<span class=\"_ _1\"></span>ed. <span class=\"_ _1\"></span>While other indicat<span class=\"_ _1\"></span>ors of<span class=\"_ _1\"></span> default are in use, <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs163\">categories shown account<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the o<span class=\"_ _1\"></span>verwhelming majority<span class=\"_ _1\"></span> of S<span class=\"_ _1\"></span>tage 3 cases.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs164\">v) <span class=\"_ _190\"> </span> <span class=\"_ _34\"> </span>Monitoring of<span class=\"_ _1\"></span> ECL<span class=\"_ _1\"></span> estimation pr<span class=\"_ _1\"></span>ocesses </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs165\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s ECL<span class=\"_ _1\"></span> models ar<span class=\"_ _1\"></span>e compiled on the basis of<span class=\"_ _1\"></span> the analy<span class=\"_ _1\"></span>sis of r<span class=\"_ _1\"></span>ele<span class=\"_ _1\"></span>vant historical data. Bef<span class=\"_ _1\"></span>ore a model is adopt<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> use </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs166\">its operations and outputs are e<span class=\"_ _1\"></span>xamined to ensur<span class=\"_ _1\"></span>e that it is e<span class=\"_ _1\"></span>xpected to be appr<span class=\"_ _1\"></span>opriately<span class=\"_ _1\"></span> predictiv<span class=\"_ _1\"></span>e and, if it is an updated model, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs167\">expected t<span class=\"_ _1\"></span>o be more pr<span class=\"_ _1\"></span>edictive <span class=\"_ _1\"></span>than any e<span class=\"_ _1\"></span>xisting model. Befor<span class=\"_ _1\"></span>e a new<span class=\"_ _1\"></span> model is adopted the chang<span class=\"_ _1\"></span>es and impacts will be consider<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs168\">by<span class=\"_ _1\"></span> the CF<span class=\"_ _1\"></span>O<span class=\"_ _1\"></span>, alongside any advice <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s independent model re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> functions. <span class=\"_ _1\"></span>The performance o<span class=\"_ _1\"></span>f all models is r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs169\">an ongoing basis, by<span class=\"_ _1\"></span> senior<span class=\"_ _1\"></span> finance and risk management, including <span class=\"_ _1\"></span>the CF<span class=\"_ _1\"></span>O. Monit<span class=\"_ _1\"></span>oring packs comparing actual and predicted loss </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs16a\">lev<span class=\"_ _1\"></span>els are pr<span class=\"_ _1\"></span>oduced at regular<span class=\"_ _0\"></span> intervals, set on the basis of<span class=\"_ _1\"></span> the mat<span class=\"_ _1\"></span>eriality of<span class=\"_ _1\"></span> each model. <span class=\"_ _1\"></span>The continuing appropriat<span class=\"_ _1\"></span>eness of model </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs16b\">assumptions is also re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed as part of<span class=\"_ _1\"></span> this pr<span class=\"_ _1\"></span>ocess. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs16c\">Models are r<span class=\"_ _1\"></span>evisited on a r<span class=\"_ _1\"></span>egular<span class=\"_ _1\"></span> basis to ensur<span class=\"_ _1\"></span>e that <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> continue to r<span class=\"_ _1\"></span>eflect <span class=\"_ _1\"></span>the most recent<span class=\"_ _1\"></span> data as the av<span class=\"_ _1\"></span>ailable information </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gs16d\">increases ov<span class=\"_ _1\"></span>er time.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs16e\">On a monthly basis all model outputs, model o<span class=\"_ _1\"></span>verlay<span class=\"_ _1\"></span>s and pro<span class=\"_ _1\"></span>visions calculated f<span class=\"_ _1\"></span>or non-modelled books ar<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> senior </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs16f\">finance management including <span class=\"_ _1\"></span>the CFO in conjunction <span class=\"_ _1\"></span>with the latest<span class=\"_ _1\"></span> credit risk oper<span class=\"_ _1\"></span>ational and economic metrics to ensur<span class=\"_ _1\"></span>e that<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs170\">impairment pro<span class=\"_ _1\"></span>vision by<span class=\"_ _1\"></span> asset type r<span class=\"_ _0\"></span>emains appropriate. This e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cise will be <span class=\"_ _1\"></span>the subject of<span class=\"_ _1\"></span> particular <span class=\"_ _1\"></span>focus at the <span class=\"_ _0\"></span>year end and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws13 gs171\">half y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs172\">This information is summarised <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>Audit Committee on a biannual basis, and the<span class=\"_ _1\"></span>y ha<span class=\"_ _1\"></span>ve r<span class=\"_ _1\"></span>egard <span class=\"_ _1\"></span>to this data in <span class=\"_ _1\"></span>forming <span class=\"_ _1\"></span>their </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs173\">conclusions on the appr<span class=\"_ _1\"></span>opriateness of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>visioning levels.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs175\">vi) <span class=\"_ _2\"></span> <span class=\"_ _b2\"> </span>Model development<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs176\">The models used by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup are updat<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om time t<span class=\"_ _1\"></span>o time t<span class=\"_ _1\"></span>o allow <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> changes in the business, de<span class=\"_ _1\"></span>velopments in best pr<span class=\"_ _1\"></span>actice and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs177\">the availability<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> additional data with <span class=\"_ _1\"></span>the passing of<span class=\"_ _1\"></span> time. During the <span class=\"_ _0\"></span>year ended 30 September<span class=\"_ _1\"></span> 2025 a major updat<span class=\"_ _1\"></span>e to <span class=\"_ _1\"></span>the Second </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs178\">Charge Mortgag<span class=\"_ _1\"></span>e PD model took place, meaning <span class=\"_ _1\"></span>that all <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s four<span class=\"_ _1\"></span> principal PD models have been updated since IFRS 9 <span class=\"_ _1\"></span>was </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs179\">first implemented in <span class=\"_ _1\"></span>the 2019 financial y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs17a\">The new<span class=\"_ _1\"></span> Second Charge Mortg<span class=\"_ _1\"></span>age model adopts a mor<span class=\"_ _1\"></span>e simplified approach <span class=\"_ _1\"></span>than the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s other<span class=\"_ _1\"></span> PD models, reflecting <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs17b\">continuing reduction in <span class=\"_ _1\"></span>the size of<span class=\"_ _1\"></span> the portfolio<span class=\"_ _1\"></span>, with no ne<span class=\"_ _1\"></span>w lending having <span class=\"_ _1\"></span>taken place since 2021. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs17c\">The impact of<span class=\"_ _1\"></span> the adoption o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the new<span class=\"_ _1\"></span> model in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025, on a like-<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>-like basis, <span class=\"_ _1\"></span>was <span class=\"_ _1\"></span>to leave <span class=\"_ _1\"></span>the pr<span class=\"_ _1\"></span>ovision </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs17d\">unchanged and tr<span class=\"_ _1\"></span>ansfer<span class=\"_ _1\"></span> \u00a30.<span class=\"_ _1\"></span>6m of gr<span class=\"_ _1\"></span>oss balances fr<span class=\"_ _1\"></span>om Stage 1 <span class=\"_ _1\"></span>to Stage 2.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs17e\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s progr<span class=\"_ _1\"></span>amme of model de<span class=\"_ _1\"></span>velopment continued during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>with a particular<span class=\"_ _1\"></span> focus on analy<span class=\"_ _1\"></span>sing how de<span class=\"_ _1\"></span>fault and loss </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs17f\">data recor<span class=\"_ _1\"></span>ded ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the period of <span class=\"_ _1\"></span>the Covid pandemic should be r<span class=\"_ _1\"></span>eflected in <span class=\"_ _1\"></span>the next generation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>forwar<span class=\"_ _1\"></span>d-looking models, given <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs180\">unprecedented natur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> the pandemic and <span class=\"_ _1\"></span>the national and international response <span class=\"_ _1\"></span>to it.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs181\">All re<span class=\"_ _1\"></span>vised models and model enhancements are car<span class=\"_ _1\"></span>efully<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>viewed and <span class=\"_ _1\"></span>tested bef<span class=\"_ _1\"></span>ore adoption, and ar<span class=\"_ _1\"></span>e subject t<span class=\"_ _1\"></span>o a gov<span class=\"_ _1\"></span>ernance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gs182\">process for<span class=\"_ _0\"></span> their approv<span class=\"_ _1\"></span>al. </div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 wsd1 gs183\">vii)  <span class=\"_ _c7\"> </span>Judgemental <span class=\"_ _b6\"> </span>adjustments<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs184\">T<span class=\"_ _0\"></span>o ensur<span class=\"_ _1\"></span>e that <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s loan portfolios are pr<span class=\"_ _1\"></span>operly<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>visioned, the Gr<span class=\"_ _1\"></span>oup considers factors <span class=\"_ _1\"></span>that might impact on customer<span class=\"_ _1\"></span>s, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs185\">but which ma<span class=\"_ _1\"></span>y either<span class=\"_ _1\"></span> not be r<span class=\"_ _1\"></span>eflected by<span class=\"_ _1\"></span> its pro<span class=\"_ _1\"></span>vision processes, be only<span class=\"_ _0\"></span> partially reflected or<span class=\"_ _1\"></span> not be r<span class=\"_ _1\"></span>eflected sufficiently<span class=\"_ _1\"></span> quickly<span class=\"_ _1\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs186\">These may<span class=\"_ _1\"></span> include consideration of<span class=\"_ _1\"></span> the lik<span class=\"_ _1\"></span>ely impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the broad economic en<span class=\"_ _1\"></span>vironment, customer<span class=\"_ _1\"></span> and marke<span class=\"_ _1\"></span>t sentiment and expert </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs187\">knowledge <span class=\"_ _1\"></span>within the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s businesses. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs188\">Where manag<span class=\"_ _1\"></span>ement has identified a requir<span class=\"_ _1\"></span>ement to amend <span class=\"_ _1\"></span>the calculated pr<span class=\"_ _1\"></span>ovision as a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> either model deficiencies or<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs189\">idiosyncratic beha<span class=\"_ _1\"></span>viour in part o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the portfolio, judgemental adjustments ar<span class=\"_ _1\"></span>e applied t<span class=\"_ _1\"></span>o the modelled outputs so that<span class=\"_ _1\"></span> the E<span class=\"_ _1\"></span>CL </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs18a\">recognised corr<span class=\"_ _1\"></span>esponds to e<span class=\"_ _1\"></span>xpert judgement, taking int<span class=\"_ _1\"></span>o account the <span class=\"_ _1\"></span>widest possible range of<span class=\"_ _0\"></span> current information, which might no<span class=\"_ _1\"></span>t </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs18b\">be factor<span class=\"_ _1\"></span>ed into the modelling pr<span class=\"_ _1\"></span>ocess. Similarly<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e non-modelled books come under str<span class=\"_ _1\"></span>ess, methodologies may<span class=\"_ _1\"></span> be adjusted <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs18c\">ensure co<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e is sufficient.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs18d\">Evidence consider<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> management in or<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span> to assess <span class=\"_ _1\"></span>the need for<span class=\"_ _1\"></span> adjustments and the siz<span class=\"_ _1\"></span>e of an<span class=\"_ _1\"></span>y adjustments r<span class=\"_ _1\"></span>equired included </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs18e\">internal performance data, customer<span class=\"_ _1\"></span> and brok<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span> feedback, insight surv<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span>s, industry intellig<span class=\"_ _1\"></span>ence, evidence on <span class=\"_ _1\"></span>the wider<span class=\"_ _1\"></span> economy<span class=\"_ _1\"></span> and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs18f\">quantitative and qualitative data and stat<span class=\"_ _1\"></span>ements fr<span class=\"_ _1\"></span>om industry<span class=\"_ _1\"></span>, gov<span class=\"_ _1\"></span>ernment and r<span class=\"_ _1\"></span>egulatory bodies. <span class=\"_ _1\"></span>These <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e combined with <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs190\">expert knowledg<span class=\"_ _1\"></span>e within <span class=\"_ _1\"></span>the business to f<span class=\"_ _1\"></span>orm a broad estimate o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>el of pr<span class=\"_ _1\"></span>ovision r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed across <span class=\"_ _1\"></span>the Group.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs191\">A similar<span class=\"_ _0\"></span> process was undertak<span class=\"_ _1\"></span>en in respect<span class=\"_ _1\"></span> of non-modelled book<span class=\"_ _1\"></span>s to ensur<span class=\"_ _1\"></span>e that specific issues and impacts <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e being identified, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs192\">and the minimum pr<span class=\"_ _1\"></span>ovisions set <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> each portfolio r<span class=\"_ _1\"></span>emained sufficient.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs193\">The requir<span class=\"_ _1\"></span>ement <span class=\"_ _1\"></span>for judg<span class=\"_ _1\"></span>emental adjustments is considered on a portf<span class=\"_ _1\"></span>olio-by-portf<span class=\"_ _1\"></span>olio basis, and the potential <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the existence o<span class=\"_ _1\"></span>f </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs194\">significant groups o<span class=\"_ _1\"></span>f assets being particularly<span class=\"_ _1\"></span> exposed <span class=\"_ _1\"></span>to credit risk<span class=\"_ _1\"></span> in the expected economic scenarios is also consider<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs195\">The to<span class=\"_ _1\"></span>tal amounts of judg<span class=\"_ _1\"></span>emental adjustments pro<span class=\"_ _1\"></span>vided across <span class=\"_ _1\"></span>the Group ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w by<span class=\"_ _0\"></span> segment.<span class=\"_ _393\"> </span></div><div class=\"gs196\"><table class=\"s w14f hde\" id=\"_2ff9060e-380e-4a7d-bf04-45cbe186c8e1\"><tr><td></td><td class=\"c n x4e2 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c4e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c4e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c4e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w150 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending \u2013 modelled<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4ea y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4eb y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w151 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending \u2013 modelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ec y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e6 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w152 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending \u2013 non-modelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3f2 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4ed y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4ed y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs197\">The adjustment in the Mortg<span class=\"_ _1\"></span>age L<span class=\"_ _1\"></span>ending book at the pr<span class=\"_ _1\"></span>evious <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span> end had represented <span class=\"_ _1\"></span>the level <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>which the cr<span class=\"_ _1\"></span>edit metrics and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs198\">other model inputs did no<span class=\"_ _1\"></span>t produce a r<span class=\"_ _1\"></span>esult f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the buy-t<span class=\"_ _1\"></span>o-let portfolio <span class=\"_ _1\"></span>which accorded <span class=\"_ _1\"></span>with the cr<span class=\"_ _1\"></span>edit expectations of<span class=\"_ _1\"></span> management, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs199\">brok<span class=\"_ _1\"></span>ers and customers, particularly<span class=\"_ _1\"></span> in respect o<span class=\"_ _1\"></span>f legac<span class=\"_ _1\"></span>y asse<span class=\"_ _1\"></span>ts. While <span class=\"_ _1\"></span>there has been some upw<span class=\"_ _1\"></span>ard mo<span class=\"_ _1\"></span>vement in arr<span class=\"_ _1\"></span>ears metrics, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs19a\">both f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group and <span class=\"_ _1\"></span>the buy-to-let<span class=\"_ _1\"></span> market mor<span class=\"_ _1\"></span>e generally<span class=\"_ _0\"></span>, the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> has seen the r<span class=\"_ _1\"></span>esolution of a number<span class=\"_ _0\"></span> of significant long-standing </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs19b\">cases. In response <span class=\"_ _1\"></span>to these <span class=\"_ _1\"></span>factors, it <span class=\"_ _1\"></span>was decided <span class=\"_ _1\"></span>that it w<span class=\"_ _1\"></span>as appropriate <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>educe the lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> overla<span class=\"_ _1\"></span>y at<span class=\"_ _1\"></span> 30 September 2025.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs19c\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s SME lending portfolio performed generally<span class=\"_ _1\"></span> str<span class=\"_ _1\"></span>ongly in <span class=\"_ _1\"></span>the period, with a consequent impact on <span class=\"_ _1\"></span>the calculated pr<span class=\"_ _1\"></span>ovision, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs19d\">and while a le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> caution remains as <span class=\"_ _1\"></span>to the br<span class=\"_ _1\"></span>oader<span class=\"_ _1\"></span> outlook f<span class=\"_ _1\"></span>or UK SMEs in <span class=\"_ _1\"></span>the current economic climate, perf<span class=\"_ _1\"></span>ormance of <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs19e\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s provisioning model has been satisf<span class=\"_ _1\"></span>actory in <span class=\"_ _1\"></span>the current high int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ate environment. On <span class=\"_ _1\"></span>this basis the judg<span class=\"_ _1\"></span>emental </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs19f\">adjustment has been released in <span class=\"_ _1\"></span>the current<span class=\"_ _1\"></span> year<span class=\"_ _0\"></span> (2024: \u00a31.0m).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1a0\">F<span class=\"_ _0\"></span>or the motor<span class=\"_ _0\"></span> finance portfolio, the o<span class=\"_ _1\"></span>verlay<span class=\"_ _1\"></span> to <span class=\"_ _1\"></span>the modelled pro<span class=\"_ _1\"></span>vision has also been released (202<span class=\"_ _1\"></span>4: \u00a31.0m<span class=\"_ _1\"></span>). Indications to date </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1a1\">continue to sho<span class=\"_ _1\"></span>w <span class=\"_ _1\"></span>the second generation motor<span class=\"_ _1\"></span> finance PD model intr<span class=\"_ _1\"></span>oduced last <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> to be eff<span class=\"_ _1\"></span>ective at identifying cr<span class=\"_ _1\"></span>edit risk cases. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws65 gs1a2\">Additionally<span class=\"_ _0\"></span>, while values in <span class=\"_ _1\"></span>the second-hand car<span class=\"_ _1\"></span> market in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ha<span class=\"_ _1\"></span>ve been low<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>than f<span class=\"_ _1\"></span>or some <span class=\"_ _1\"></span>time, with a consequential incr<span class=\"_ _1\"></span>ease </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1a3\">in the le<span class=\"_ _1\"></span>vels of<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>oluntary <span class=\"_ _1\"></span>terminations, this did no<span class=\"_ _1\"></span>t significantly impact on <span class=\"_ _1\"></span>the assessment of<span class=\"_ _1\"></span> model performance. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1a5\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s analysis <span class=\"_ _1\"></span>found no evidence o<span class=\"_ _1\"></span>f particular<span class=\"_ _1\"></span> concentrations of<span class=\"_ _1\"></span> credit risk<span class=\"_ _1\"></span> below portf<span class=\"_ _1\"></span>olio lev<span class=\"_ _1\"></span>el. Given <span class=\"_ _1\"></span>this, and the high lev<span class=\"_ _1\"></span>el </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1a6\">nature of<span class=\"_ _0\"></span> the exer<span class=\"_ _1\"></span>cise undertaken, <span class=\"_ _1\"></span>the judgemental adjustments on modelled balances hav<span class=\"_ _1\"></span>e been apportioned across <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1a7\">buy-to-le<span class=\"_ _1\"></span>t mortgage, SME lending and motor<span class=\"_ _1\"></span> finance portfolios, as appr<span class=\"_ _1\"></span>opriate, <span class=\"_ _1\"></span>to individual Stage 1 cases. <span class=\"_ _1\"></span>As such the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e included </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1a8\">in the cr<span class=\"_ _1\"></span>edit risk disclosur<span class=\"_ _1\"></span>es requir<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> IFRS 7<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1a9\">While ther<span class=\"_ _1\"></span>e w<span class=\"_ _1\"></span>as some further<span class=\"_ _1\"></span> deterioration <span class=\"_ _1\"></span>within the de<span class=\"_ _1\"></span>velopment finance book<span class=\"_ _1\"></span> in the period, <span class=\"_ _1\"></span>the cases involv<span class=\"_ _1\"></span>ed shared similarities </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1aa\">with those identified at 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he majority of<span class=\"_ _1\"></span> such cases had been originally<span class=\"_ _1\"></span> ev<span class=\"_ _1\"></span>aluated in 2022 and befor<span class=\"_ _1\"></span>e, and had been </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ab\">impacted by<span class=\"_ _1\"></span> increased materials and labour<span class=\"_ _0\"></span> costs and higher interest r<span class=\"_ _1\"></span>ates, since the point at <span class=\"_ _1\"></span>which the<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e agreed. <span class=\"_ _0\"></span>As the cases </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ac\">with identified issues have been consider<span class=\"_ _1\"></span>ed f<span class=\"_ _1\"></span>or pr<span class=\"_ _1\"></span>ovisioning individually<span class=\"_ _1\"></span> at 30 September<span class=\"_ _1\"></span> 2025, and fe<span class=\"_ _1\"></span>w o<span class=\"_ _1\"></span>ther cases of<span class=\"_ _0\"></span> this vintage </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ad\">remain, <span class=\"_ _1\"></span>the Group det<span class=\"_ _1\"></span>ermined that <span class=\"_ _1\"></span>the uplift to minimum pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> all cases applied at 30 September<span class=\"_ _1\"></span> 2024 w<span class=\"_ _1\"></span>as no longer<span class=\"_ _1\"></span> necessary<span class=\"_ _1\"></span>. </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ae\">Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, for<span class=\"_ _1\"></span> those cases in <span class=\"_ _1\"></span>that cohort <span class=\"_ _1\"></span>with identified issues an additional exer<span class=\"_ _1\"></span>cise w<span class=\"_ _1\"></span>as carried out to e<span class=\"_ _1\"></span>xamine their<span class=\"_ _1\"></span> behaviour<span class=\"_ _1\"></span> under </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1af\">further str<span class=\"_ _1\"></span>ess. <span class=\"_ _1\"></span>This resulted in an additional pr<span class=\"_ _1\"></span>ovision r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ement of \u00a31.5m and hence <span class=\"_ _1\"></span>the t<span class=\"_ _1\"></span>otal impact at 30 September<span class=\"_ _1\"></span> 2025 remained </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1b0\">at \u00a31.5m (2024: \u00a31.5m). <span class=\"_ _0\"></span>The majority of <span class=\"_ _1\"></span>these cases w<span class=\"_ _1\"></span>ere in Stag<span class=\"_ _1\"></span>e 3. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1b1\">The Group <span class=\"_ _1\"></span>will continue t<span class=\"_ _1\"></span>o monitor <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ement f<span class=\"_ _1\"></span>or all <span class=\"_ _1\"></span>these adjustments as the economic situation de<span class=\"_ _1\"></span>velops and its impacts </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1b2\">are mor<span class=\"_ _1\"></span>e fully<span class=\"_ _1\"></span> reflect<span class=\"_ _1\"></span>ed in model outputs. It is anticipated that a mor<span class=\"_ _1\"></span>e normal economic situation w<span class=\"_ _1\"></span>ould requir<span class=\"_ _1\"></span>e a low<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>value of<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1b3\">adjustments, but the <span class=\"_ _1\"></span>timescale in which such a scenario might be r<span class=\"_ _1\"></span>eached appears uncertain.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs1b4\">viii)  <span class=\"_ _6\"> </span>Climate change<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws60 gs1b5\">As part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s consideration of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>equirement<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> judgemental adjustments, described abo<span class=\"_ _1\"></span>ve, the po<span class=\"_ _1\"></span>tential for<span class=\"_ _0\"></span> climate-related </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1b6\">issues to impact on cust<span class=\"_ _1\"></span>omer business models or<span class=\"_ _1\"></span> security <span class=\"_ _1\"></span>values o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>timescales for<span class=\"_ _0\"></span> ECL calculation r<span class=\"_ _1\"></span>equired b<span class=\"_ _1\"></span>y IFRS 9 w<span class=\"_ _1\"></span>as </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1b7\">ev<span class=\"_ _1\"></span>aluated. T<span class=\"_ _1\"></span>his w<span class=\"_ _1\"></span>as based on the ongoing internal monit<span class=\"_ _1\"></span>oring of climat<span class=\"_ _1\"></span>e change risk exposur<span class=\"_ _1\"></span>es and the scenario analy<span class=\"_ _1\"></span>sis carried out as </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1b8\">part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s ICAAP<span class=\"_ _1\"></span> during the 2024 <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. Focussing on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s mortgage lending and mot<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>finance operations, this </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1b9\">analysis le<span class=\"_ _1\"></span>veraged mat<span class=\"_ _1\"></span>erial published by<span class=\"_ _1\"></span> the Netw<span class=\"_ _1\"></span>ork for<span class=\"_ _0\"></span> Greening the Financial Sy<span class=\"_ _1\"></span>stem (\u2018NGFS\u2019) and proposed UK<span class=\"_ _1\"></span> Gov<span class=\"_ _1\"></span>ernment policy<span class=\"_ _0\"></span>. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ba\">F<span class=\"_ _0\"></span>or the purposes of<span class=\"_ _1\"></span> the 2025 ICAAP<span class=\"_ _e\"></span>, this analysis <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>econsidered, and it <span class=\"_ _1\"></span>was concluded <span class=\"_ _1\"></span>that the r<span class=\"_ _1\"></span>esults w<span class=\"_ _1\"></span>ere still applicable and <span class=\"_ _1\"></span>that </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1bb\">there <span class=\"_ _1\"></span>was no need <span class=\"_ _1\"></span>to repeat <span class=\"_ _1\"></span>the analysis at <span class=\"_ _1\"></span>this time. F<span class=\"_ _0\"></span>urther detail of<span class=\"_ _1\"></span> this analy<span class=\"_ _1\"></span>sis is set out in Section <span class=\"_ _1\"></span>A6.4 (b<span class=\"_ _1\"></span>) of <span class=\"_ _1\"></span>this <span class=\"_ _1\"></span>Annual Report </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws7b gs1bc\">and Accounts.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1bd\">No specific requir<span class=\"_ _1\"></span>ement f<span class=\"_ _1\"></span>or additional impairment pr<span class=\"_ _1\"></span>ovisions in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> climate change r<span class=\"_ _1\"></span>elated fact<span class=\"_ _1\"></span>ors over<span class=\"_ _0\"></span> the amounts already<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws30 gs1be\">determined was identified.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs1c0\">20. <span class=\"_ _33\"></span>Loan impairments b<span class=\"_ _0\"></span>y stag<span class=\"_ _1\"></span>e and division<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1c1\">IFRS 9 calculations and related disclosur<span class=\"_ _1\"></span>es requir<span class=\"_ _1\"></span>e loan assets to be divided int<span class=\"_ _1\"></span>o thr<span class=\"_ _1\"></span>ee stages, with accounts <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ere cr<span class=\"_ _1\"></span>edit </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1c2\">impaired on initial r<span class=\"_ _1\"></span>ecognition repr<span class=\"_ _1\"></span>esenting a f<span class=\"_ _1\"></span>ourth class.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1c3\">The thr<span class=\"_ _1\"></span>ee classes comprise: those <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>there has been no SICR since adv<span class=\"_ _1\"></span>ance or<span class=\"_ _1\"></span> acquisition (Stage 1); those <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>there has been </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1c4\">an SICR (Stage 2); and loans <span class=\"_ _1\"></span>which are cr<span class=\"_ _1\"></span>edit impaired (S<span class=\"_ _1\"></span>tage 3).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1c5\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>On initial recognition, and <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> assets wher<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>e has not been an SICR, pr<span class=\"_ _1\"></span>ovisions <span class=\"_ _1\"></span>will be made in respect o<span class=\"_ _1\"></span>f losses r<span class=\"_ _1\"></span>esulting fr<span class=\"_ _1\"></span>om </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1c6\">the lev<span class=\"_ _1\"></span>el of cr<span class=\"_ _1\"></span>edit default e<span class=\"_ _1\"></span>vents e<span class=\"_ _1\"></span>xpected in the <span class=\"_ _1\"></span>twelve months <span class=\"_ _1\"></span>following <span class=\"_ _1\"></span>the balance sheet date<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1c7\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Where a loan has e<span class=\"_ _1\"></span>xperienced an SICR, whether<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> not the loan is consider<span class=\"_ _1\"></span>ed to be cr<span class=\"_ _1\"></span>edit impair<span class=\"_ _1\"></span>ed, pro<span class=\"_ _1\"></span>visions will be made based </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1c8\">on the E<span class=\"_ _1\"></span>CLs over<span class=\"_ _0\"></span> the full life of<span class=\"_ _1\"></span> the loan </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1c9\">\u2022 <span class=\"_ _6\"> </span>F<span class=\"_ _0\"></span>or credit<span class=\"_ _1\"></span> impaired assets, pr<span class=\"_ _1\"></span>ovisions <span class=\"_ _1\"></span>will also be made on the basis of<span class=\"_ _1\"></span> lifetime E<span class=\"_ _1\"></span>CLs<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ca\">F<span class=\"_ _0\"></span>or assets which <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e \u2018Purchased or<span class=\"_ _1\"></span> Originated as Cr<span class=\"_ _1\"></span>edit Impaired\u2019 (\u2018POCI\u2019) accounts (those consider<span class=\"_ _1\"></span>ed as cr<span class=\"_ _1\"></span>edit impaired at <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1cb\">point of<span class=\"_ _1\"></span> first r<span class=\"_ _1\"></span>ecognition), such as certain of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s acquired assets in Mortgage L<span class=\"_ _1\"></span>ending, <span class=\"_ _1\"></span>the carrying v<span class=\"_ _1\"></span>aluation is based on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1cc\">expected cash flo<span class=\"_ _1\"></span>ws discounted b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the EIR determined at the point of<span class=\"_ _1\"></span> acquisition. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1cd\">The recommendations o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the taskfor<span class=\"_ _1\"></span>ce on Disclosur<span class=\"_ _1\"></span>es about Expected Credit<span class=\"_ _1\"></span> Loss (\u2018DE<span class=\"_ _1\"></span>CL<span class=\"_ _e\"></span>\u2019) suggest standard categories <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> analysis </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ce\">of <span class=\"_ _1\"></span>firm\u2019<span class=\"_ _0\"></span>s loan books. In the cont<span class=\"_ _1\"></span>ext of<span class=\"_ _1\"></span> the DE<span class=\"_ _1\"></span>CL categ<span class=\"_ _1\"></span>orisation the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Mortgage Lending balances ar<span class=\"_ _1\"></span>e classified as \u2018UK r<span class=\"_ _1\"></span>etail </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1cf\">mortgage<span class=\"_ _1\"></span>\u2019 business while its Commer<span class=\"_ _1\"></span>cial Lending balances, being adv<span class=\"_ _1\"></span>anced primarily <span class=\"_ _1\"></span>to SME entities correspond <span class=\"_ _1\"></span>with the \u2018UK o<span class=\"_ _1\"></span>ther </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1d0\">retail\u2019 business classification.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1d1\">The Group de<span class=\"_ _1\"></span>fines cover<span class=\"_ _1\"></span>age as the <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the ECL<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision divided by<span class=\"_ _1\"></span> the gr<span class=\"_ _1\"></span>oss carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated loans.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1d2\">An analysis of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loan portfolios between the stag<span class=\"_ _1\"></span>es defined abov<span class=\"_ _1\"></span>e is set out below<span class=\"_ _0\"></span>. </div><div class=\"gs1d3\"><table class=\"s w153 hee\" id=\"_5b43048f-4528-4bea-be52-1791d0525cfa\"><tr><td></td><td class=\"c n x4ee y3cdc w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ef y3cdc w155 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2*<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f0 y3cdc w156 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3*<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f1 y3cdc w157 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f2 y3cdc w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cde ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3cdf ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3a wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f8 y3c3a w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,152.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f9 y3c3a w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">570.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fa y3c3a w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">176.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fb y3c3a w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fc y3c3a w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,908.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fd y3c5d w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,216.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fe y3c5d w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ff y3c5d w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">154.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x500 y3c5d w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x501 y3c5d w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,521.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x502 y3c5e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,368.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x503 y3c5e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">719.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x504 y3c5e w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">330.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c5e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x505 y3c5e w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,429.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce0 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c5f wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x506 y3c5f w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x507 y3c5f w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x508 y3c5f w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(28.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x509 y3c5f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x50a y3c5f w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(31.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x50b y3c60 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(10.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50c y3c60 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50d y3c60 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(42.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50e y3c60 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x50f y3c60 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(56.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x510 y3c40 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x507 y3c40 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x508 y3c40 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(70.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x509 y3c40 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x50a y3c40 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(87.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce1 ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c61 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f8 y3c61 w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,150.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f9 y3c61 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">568.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fa y3c61 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">147.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fb y3c61 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fc y3c61 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,876.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fd y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,206.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fe y3c63 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">146.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ff y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">112.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x500 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x501 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,464.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x502 y3c4e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,356.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x503 y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">715.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x504 y3c4e w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">259.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x505 y3c4e w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce2 ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x511 y3c62 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.01%<span class=\"_ _393\"> </span></div></td><td class=\"c n x512 y3c62 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.23%<span class=\"_ _393\"> </span></div></td><td class=\"c n x513 y3c62 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.18%<span class=\"_ _393\"> </span></div></td><td class=\"c n x514 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x515 y3c62 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.23%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x516 y3c65 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.48%<span class=\"_ _393\"> </span></div></td><td class=\"c n x517 y3c65 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.14%<span class=\"_ _393\"> </span></div></td><td class=\"c n x518 y3c65 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.41%<span class=\"_ _393\"> </span></div></td><td class=\"c n x386 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x519 y3c65 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.23%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x51a y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.08%<span class=\"_ _393\"> </span></div></td><td class=\"c n x51b y3c48 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.63%<span class=\"_ _393\"> </span></div></td><td class=\"c n x51c y3c48 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.43%<span class=\"_ _393\"> </span></div></td><td class=\"c n x51d y3c48 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x51e y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.53%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs1d4\">*Stage 2 and 3 balances are analy<span class=\"_ _1\"></span>sed in more detail below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs1d6\"><table class=\"s w15e hee\" id=\"_ef3b1da1-0c8a-496a-aa71-7512afd4edf5\"><tr><td></td><td class=\"c n x51f y3cdc w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x520 y3cdc w155 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2*<span class=\"_ _393\"> </span></div></td><td class=\"c n x521 y3cdc w156 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3*<span class=\"_ _393\"> </span></div></td><td class=\"c n x522 y3cdc w157 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x523 y3cdc w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3ce3 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h4e y3ce4 ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3ce5 wbd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x524 y3ce5 w15f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12,670.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x525 y3ce5 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">598.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x526 y3ce5 w4b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">171.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x527 y3ce5 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">10.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x528 y3ce5 w5f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13,451.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ce6 wbe hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fd y3ce6 w4f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,034.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x529 y3ce6 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">177.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x52a y3ce6 w4b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">112.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x52b y3ce6 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x52c y3ce6 w4f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,331.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x502 y3c5e w15f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,705.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x52d y3c5e w96 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x52e y3c5e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c5e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x48c y3c5e w55 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3ce7 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3ce8 wbd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x506 y3ce8 wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x52f y3ce8 wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x530 y3ce8 w71 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(29.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x531 y3ce8 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x532 y3ce8 w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(35.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ce9 wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x50b y3ce9 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(12.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x533 y3ce9 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(5.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x534 y3ce9 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(21.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x535 y3ce9 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x536 y3ce9 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(41.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x510 y3c40 w95 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x52f y3c40 wa1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x530 y3c40 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(50.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x537 y3c40 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x538 y3c40 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(76.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cea ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3ceb wbd hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x524 y3ceb w15f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12,666.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x525 y3ceb w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">596.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x526 y3ceb w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">141.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x527 y3ceb w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">10.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x528 y3ceb w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13,415.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cec wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fd y3cec w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,022.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x529 y3cec w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">172.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x539 y3cec w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">91.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x53a y3cec w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x53b y3cec w18 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,289.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x502 y3c4e w15f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,689.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x52d y3c4e w96 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">768.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x52e y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">232.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x48c y3c4e w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3ced ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cee wbd hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x511 y3cee w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.03%<span class=\"_ _393\"> </span></div></td><td class=\"c n x53c y3cee w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.37%<span class=\"_ _393\"> </span></div></td><td class=\"c n x518 y3cee w161 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">17.36%<span class=\"_ _393\"> </span></div></td><td class=\"c n x53d y3cee w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x53e y3cee w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.26%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x516 y3cef w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.62%<span class=\"_ _393\"> </span></div></td><td class=\"c n x53f y3cef w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.82%<span class=\"_ _393\"> </span></div></td><td class=\"c n x540 y3cef w161 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">18.76%<span class=\"_ _393\"> </span></div></td><td class=\"c n x541 y3cef w163 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">39.06%<span class=\"_ _393\"> </span></div></td><td class=\"c n x542 y3cef w164 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.77%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x51a y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.11%<span class=\"_ _393\"> </span></div></td><td class=\"c n x543 y3c48 w160 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.93%<span class=\"_ _393\"> </span></div></td><td class=\"c n x544 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.91%<span class=\"_ _393\"> </span></div></td><td class=\"c n x545 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.62%<span class=\"_ _393\"> </span></div></td><td class=\"c n x546 y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.48%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs1d7\">*Stage 2 and 3 balances are analy<span class=\"_ _1\"></span>sed in more detail below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1d8\">Finance leases included above, analy<span class=\"_ _1\"></span>sed by<span class=\"_ _1\"></span> staging, <span class=\"_ _1\"></span>were:<span class=\"_ _393\"> </span></div><div class=\"gs1d9\"><table class=\"s w165 hef\" id=\"_56a4c1ca-2a58-4e10-b0bc-a631c5e43da4\"><tr><td></td><td class=\"c n x51f y3c9b w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x547 y3c9b w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x548 y3c9b w166 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x549 y3c9b w157 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x54a y3c9b w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cf1 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cf2 w167 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></div></td><td class=\"c n x54b y3cf2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,024.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x54c y3cf2 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x54d y3cf2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x54e y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x54f y3cf2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,058.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w168 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></div></td><td class=\"c n x550 y3ca3 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x551 y3ca3 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x552 y3ca3 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x553 y3ca3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x554 y3ca3 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf3 w169 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></div></td><td class=\"c n x555 y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,020.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x556 y3cf3 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x557 y3cf3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x558 y3cf3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x559 y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,049.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd9 w16a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age Ratio<span class=\"_ _393\"> </span></div></td><td class=\"c n x55a y3cd9 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.38%<span class=\"_ _393\"> </span></div></td><td class=\"c n x55b y3cd9 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.52%<span class=\"_ _393\"> </span></div></td><td class=\"c n x55c y3cd9 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">40.91%<span class=\"_ _393\"> </span></div></td><td class=\"c n x55d y3cd9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x55e y3cd9 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.79%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cf4 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w167 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></div></td><td class=\"c n x55f y3c4f w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">958.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x560 y3c4f w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">40.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x561 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x562 y3c4f w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x563 y3c4f w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,006.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w168 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></div></td><td class=\"c n x550 y3c45 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(4.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x507 y3c45 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x564 y3c45 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(3.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3c45 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x566 y3c45 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(10.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w169 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></div></td><td class=\"c n x567 y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">953.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x568 y3c62 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">37.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x569 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x39b y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x56a y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">995.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w16a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age Ratio<span class=\"_ _393\"> </span></div></td><td class=\"c n x55a y3c48 w160 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.51%<span class=\"_ _393\"> </span></div></td><td class=\"c n x56b y3c48 w160 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.88%<span class=\"_ _393\"> </span></div></td><td class=\"c n x248 y3c48 w161 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">41.56%<span class=\"_ _393\"> </span></div></td><td class=\"c n x56c y3c48 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x56d y3c48 w162 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.08%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1da\">In terms of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s credit management pr<span class=\"_ _1\"></span>ocesses, Stage 1 cases <span class=\"_ _1\"></span>will fall <span class=\"_ _1\"></span>within the appr<span class=\"_ _1\"></span>opriate customer<span class=\"_ _1\"></span> servicing functions and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1db\">Stage 2 cases <span class=\"_ _1\"></span>will be subject to account manag<span class=\"_ _1\"></span>ement arrangements. Stag<span class=\"_ _1\"></span>e 3 cases will include both <span class=\"_ _1\"></span>those subject t<span class=\"_ _1\"></span>o reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> or </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1dc\">similar pr<span class=\"_ _1\"></span>ocesses and those <span class=\"_ _1\"></span>which, though being manag<span class=\"_ _1\"></span>ed on a long-term basis, ar<span class=\"_ _1\"></span>e included with de<span class=\"_ _1\"></span>faulted accounts for<span class=\"_ _0\"></span> regulatory </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1dd\">purposes. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, these br<span class=\"_ _1\"></span>oad categorisations may<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>ary<span class=\"_ _1\"></span> between differ<span class=\"_ _1\"></span>ent pr<span class=\"_ _1\"></span>oduct types.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1de\">POCI balances included in the Commer<span class=\"_ _1\"></span>cial Lending segment ar<span class=\"_ _1\"></span>ose principally<span class=\"_ _1\"></span> from acquir<span class=\"_ _1\"></span>ed businesses, wher<span class=\"_ _0\"></span>e those assets wer<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1df\">identified as credit impair<span class=\"_ _1\"></span>ed at <span class=\"_ _1\"></span>the point of acquisition <span class=\"_ _1\"></span>when the acquir<span class=\"_ _1\"></span>ed portfolios as a <span class=\"_ _1\"></span>whole w<span class=\"_ _1\"></span>ere e<span class=\"_ _1\"></span>valuated. <span class=\"_ _1\"></span>Additional pr<span class=\"_ _1\"></span>ovision </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1e0\">arising on these assets post-<span class=\"_ _1\"></span>acquisition was sho<span class=\"_ _1\"></span>wn as \u2018Impairment Pro<span class=\"_ _1\"></span>vision\u2019 abo<span class=\"_ _1\"></span>ve.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1e1\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s acquired secur<span class=\"_ _1\"></span>ed consumer loans ar<span class=\"_ _0\"></span>e included in the Mortgage Lending segment, <span class=\"_ _1\"></span>together<span class=\"_ _0\"></span> with its closed second charge </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1e2\">mortgage portfolios. <span class=\"_ _0\"></span>Acquired loans which <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e performing on acquisition ar<span class=\"_ _1\"></span>e included in the staging analysis abo<span class=\"_ _1\"></span>ve.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1e4\">Acquired portf<span class=\"_ _1\"></span>olios of<span class=\"_ _1\"></span> second charge mortgag<span class=\"_ _1\"></span>e assets which <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e largely<span class=\"_ _1\"></span> non-performing at acquisition, and <span class=\"_ _1\"></span>which wer<span class=\"_ _1\"></span>e purchased </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1e5\">at a deep discount t<span class=\"_ _1\"></span>o face <span class=\"_ _1\"></span>value, ar<span class=\"_ _1\"></span>e shown as POCI assets abov<span class=\"_ _1\"></span>e. <span class=\"_ _1\"></span>Although no pro<span class=\"_ _1\"></span>vision is shown abov<span class=\"_ _1\"></span>e for<span class=\"_ _0\"></span> such assets, the effect of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1e6\">the discount on purchase is included in <span class=\"_ _1\"></span>the gross <span class=\"_ _1\"></span>value ensuring <span class=\"_ _1\"></span>that the carrying <span class=\"_ _1\"></span>value is substantially<span class=\"_ _0\"></span> less than the current<span class=\"_ _1\"></span> balances </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1e7\">due fr<span class=\"_ _1\"></span>om customers and the le<span class=\"_ _1\"></span>vel of<span class=\"_ _0\"></span> cover is considerable. <span class=\"_ _0\"></span>These balances continue to reduce as cust<span class=\"_ _1\"></span>omers make r<span class=\"_ _1\"></span>epayments.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs1e8\">Analysis of<span class=\"_ _1\"></span> Stage 2 loans </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1e9\">The table belo<span class=\"_ _1\"></span>w analy<span class=\"_ _1\"></span>ses the accounts in Stage 2 be<span class=\"_ _1\"></span>tween those no<span class=\"_ _1\"></span>t more <span class=\"_ _1\"></span>than one month in arrears <span class=\"_ _1\"></span>where an SICR has none<span class=\"_ _1\"></span>theless </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ea\">been identified fr<span class=\"_ _1\"></span>om other inf<span class=\"_ _1\"></span>ormation and accounts more <span class=\"_ _1\"></span>than one month in arrears.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1eb\">Cases which hav<span class=\"_ _1\"></span>e been great<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>than one month in arrears in <span class=\"_ _1\"></span>the last thr<span class=\"_ _1\"></span>ee months, but <span class=\"_ _1\"></span>which are not at<span class=\"_ _1\"></span> the balance sheet date ar<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ec\">shown as \u2018r<span class=\"_ _1\"></span>ecent arrears<span class=\"_ _1\"></span>\u2019 in the <span class=\"_ _1\"></span>tables below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ed\">In all cases accounts which ar<span class=\"_ _1\"></span>e more <span class=\"_ _1\"></span>than one month in arrears, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>this is a meaningful measure, ar<span class=\"_ _0\"></span>e considered to hav<span class=\"_ _1\"></span>e an </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ee\">SICR. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, in certain loan portfolios, regular<span class=\"_ _0\"></span> monthly payments of<span class=\"_ _1\"></span> pre-set amounts ar<span class=\"_ _1\"></span>e not r<span class=\"_ _1\"></span>equired and hence <span class=\"_ _1\"></span>this criterion </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ef\">cannot be used.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f0\">The Group uses arr<span class=\"_ _1\"></span>ears multiples as a pr<span class=\"_ _1\"></span>oxy<span class=\"_ _1\"></span> for<span class=\"_ _0\"></span> days past due, as this measur<span class=\"_ _1\"></span>e is commonly used in its arr<span class=\"_ _1\"></span>ears r<span class=\"_ _1\"></span>eporting. <span class=\"_ _1\"></span>A loan <span class=\"_ _1\"></span>will </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f1\">generally<span class=\"_ _1\"></span> be one month in arrears <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the point at <span class=\"_ _1\"></span>which a payment is one day<span class=\"_ _1\"></span> past due until it is <span class=\"_ _1\"></span>thirty day<span class=\"_ _1\"></span>s past due.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f2\">The v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> Stage 2 loans in <span class=\"_ _1\"></span>the mortgage segment has declined a little in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>with economic conditions stable but somewhat<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f3\">adverse. <span class=\"_ _1\"></span>The number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> cases incurring arrears incr<span class=\"_ _1\"></span>eased, particularly in <span class=\"_ _1\"></span>the second half o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>, meaning that both the number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f4\">Stage 2 arr<span class=\"_ _1\"></span>ears accounts and that o<span class=\"_ _1\"></span>f accounts curing <span class=\"_ _1\"></span>from Stag<span class=\"_ _1\"></span>e 2 arrears <span class=\"_ _1\"></span>was heightened. <span class=\"_ _1\"></span>The most significant part<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Stage 2 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f5\">balance remains cases identified <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>their PD scor<span class=\"_ _1\"></span>es, although the siz<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>this balance reduced in <span class=\"_ _1\"></span>the period, as accounts mov<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f6\">to arrears. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f7\">Both pro<span class=\"_ _1\"></span>vision cov<span class=\"_ _1\"></span>erage le<span class=\"_ _1\"></span>vels f<span class=\"_ _1\"></span>or Stag<span class=\"_ _1\"></span>e 2 Mortgage L<span class=\"_ _1\"></span>ending cases, and the absolute le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ovision hav<span class=\"_ _1\"></span>e reduced in <span class=\"_ _1\"></span>the period. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f8\">This is principally r<span class=\"_ _0\"></span>elated to cases identified thr<span class=\"_ _1\"></span>ough their<span class=\"_ _1\"></span> PD, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the effect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the slow<span class=\"_ _1\"></span>, but continuing gr<span class=\"_ _1\"></span>owth in house prices, and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1f9\">theref<span class=\"_ _1\"></span>ore security<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues, has reduced e<span class=\"_ _1\"></span>xposure in <span class=\"_ _1\"></span>the period. T<span class=\"_ _1\"></span>he cover<span class=\"_ _1\"></span>age lev<span class=\"_ _1\"></span>els have also been r<span class=\"_ _1\"></span>educed as a result<span class=\"_ _1\"></span> of some long </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1fa\">standing, high pro<span class=\"_ _1\"></span>vision cases having mo<span class=\"_ _1\"></span>ved thr<span class=\"_ _1\"></span>ough t<span class=\"_ _1\"></span>o Stage 3, and in some cases realisation, in <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1fb\">F<span class=\"_ _0\"></span>or Commercial L<span class=\"_ _1\"></span>ending cases, v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> Stage 2 accounts hav<span class=\"_ _1\"></span>e reduced significantly<span class=\"_ _0\"></span>, with the most mark<span class=\"_ _1\"></span>ed mov<span class=\"_ _1\"></span>ement in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1fc\">non-arrear<span class=\"_ _1\"></span>s cases. This principally<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>elates to <span class=\"_ _1\"></span>the Stage 2 element o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the development<span class=\"_ _1\"></span> finance book, wher<span class=\"_ _1\"></span>e a number<span class=\"_ _1\"></span> of cases <span class=\"_ _1\"></span>with </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1fd\">identified issues have mo<span class=\"_ _1\"></span>ved <span class=\"_ _1\"></span>to Stage 3 in <span class=\"_ _1\"></span>the period. T<span class=\"_ _1\"></span>he tr<span class=\"_ _1\"></span>end for<span class=\"_ _1\"></span> Stage 2 arr<span class=\"_ _1\"></span>ears cases in the period <span class=\"_ _1\"></span>was mildly<span class=\"_ _1\"></span> positive, r<span class=\"_ _1\"></span>eflecting </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1fe\">the more stable economic envir<span class=\"_ _0\"></span>onment.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs1ff\">Stage 2 cov<span class=\"_ _1\"></span>erage has r<span class=\"_ _1\"></span>educed in the Commer<span class=\"_ _1\"></span>cial L<span class=\"_ _1\"></span>ending segment. This is lar<span class=\"_ _1\"></span>gely<span class=\"_ _1\"></span> a result of<span class=\"_ _1\"></span> the mo<span class=\"_ _1\"></span>vement o<span class=\"_ _1\"></span>f de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs200\">cases, some with significant co<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e, fr<span class=\"_ _1\"></span>om Stage 2 t<span class=\"_ _1\"></span>o Stage 3 in the period. <span class=\"_ _0\"></span>This has caused a reduction in cover<span class=\"_ _1\"></span>age on non-arr<span class=\"_ _1\"></span>ears </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs201\">accounts. Cover<span class=\"_ _1\"></span>age on the r<span class=\"_ _1\"></span>elatively<span class=\"_ _1\"></span> low<span class=\"_ _1\"></span> number o<span class=\"_ _1\"></span>f Stag<span class=\"_ _1\"></span>e 2 arrears cases in <span class=\"_ _1\"></span>the segment tends <span class=\"_ _1\"></span>to be idios<span class=\"_ _1\"></span>yncratic, based on the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs202\">nature of<span class=\"_ _0\"></span> security available on each of<span class=\"_ _1\"></span> the cases included.<span class=\"_ _393\"> </span></div><div class=\"gs203\"><table class=\"s w16b hf0\" id=\"_dbdc184a-6d0b-4d51-a908-6fdee2de202c\"><tr><td></td><td class=\"t m0 x56e h4e y3cf5 ff49 fs4 fc1 sc0 ls0 ws0\">&lt; 1 month </td><td class=\"t m0 x56f h4e y3cf5 ff49 fs4 fc1 sc0 ls0 ws0\">Recent </td><td class=\"t m0 x570 h4e y3cf5 ff49 fs4 fc1 sc0 ls0 ws0\">&gt; 1 &lt;= 3 months </td><td class=\"t m0 x376 h4e y3cf5 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 x571 h4e y3cf6 ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td class=\"t m0 x572 h4e y3cf6 ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td class=\"t m0 x573 h4e y3cf6 ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x4e6 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3cdd w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x574 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x575 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cf7 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3cf8 ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3a wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x576 y3c3a w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">475.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x577 y3c3a w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x527 y3c3a w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">73.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x578 y3c3a w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">570.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3b wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3c3b w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">145.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x336 y3c3b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x579 y3c3b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3c3b w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c5e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">620.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x57c y3c5e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c5e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x329 y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">719.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cf9 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3e wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x57d y3c3e w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x57e y3c3e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x57f y3c3e w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x580 y3c3e w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x581 y3c60 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x582 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x583 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x584 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x585 y3c40 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x586 y3c40 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x587 y3c40 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x588 y3c40 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cfa ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x576 y3c43 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">474.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x577 y3c43 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x527 y3c43 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">73.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x578 y3c43 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">568.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3c63 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x336 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x579 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">146.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">617.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x57c y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">75.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x329 y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">715.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cfb ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x589 y3c50 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.17%<span class=\"_ _393\"> </span></div></td><td class=\"c n x58a y3c50 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x58b y3c50 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.68%<span class=\"_ _393\"> </span></div></td><td class=\"c n x58c y3c50 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.23%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x58d y3c65 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.78%<span class=\"_ _393\"> </span></div></td><td class=\"c n x58e y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.38%<span class=\"_ _393\"> </span></div></td><td class=\"c n x58f y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.81%<span class=\"_ _393\"> </span></div></td><td class=\"c n x590 y3c65 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.14%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x591 y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.55%<span class=\"_ _393\"> </span></div></td><td class=\"c n x592 y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.89%<span class=\"_ _393\"> </span></div></td><td class=\"c n x593 y3c48 w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.18%<span class=\"_ _393\"> </span></div></td><td class=\"c n x594 y3c48 w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.63%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs1d6\"><table class=\"s w16d hf0\" id=\"_7a045646-ccff-47fd-a807-e5a532d0df29\"><tr><td></td><td class=\"t m0 x595 h4e y3cfc ff49 fs4 fc1 sc0 ls0 ws0\">&lt; 1 month </td><td class=\"t m0 x596 h4e y3cfc ff49 fs4 fc1 sc0 ls0 ws0\">Recent </td><td class=\"t m0 x597 h4e y3cfc ff49 fs4 fc1 sc0 ls0 ws0\">&gt; 1 &lt;= 3 months </td><td class=\"t m0 x316 h4e y3cfc ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 x598 h4e y3cfd ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td class=\"t m0 x599 h4e y3cfd ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td class=\"t m0 x59a h4e y3cfd ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x31a y3c37 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c37 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31c y3c37 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31d y3c37 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cfe ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h4e y3cff ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d00 wbd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x576 y3d00 w96 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">521.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x59b y3d00 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3d00 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">63.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x59c y3d00 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">598.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d01 wbe hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3d01 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">171.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x35a y3d01 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x444 y3d01 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x452 y3d01 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">177.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c5e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">693.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x59d y3c5e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c5e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">66.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x353 y3c5e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d02 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d03 wbd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x57d y3d03 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x57e y3d03 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x59e y3d03 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x59f y3d03 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d04 wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x581 y3d04 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a0 y3d04 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a1 y3d04 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a2 y3d04 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(5.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x585 y3c40 wa1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(6.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a3 y3c40 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a4 y3c40 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x554 y3c40 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d05 ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d06 wbd hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x576 y3d06 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">520.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x59b y3d06 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3d06 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">63.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x59c y3d06 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">596.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d07 wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3d07 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">167.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x35a y3d07 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x444 y3d07 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x452 y3d07 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">172.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">687.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x59d y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x353 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">768.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d08 ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d09 wbd hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x589 y3d09 w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.33%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a5 y3d09 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a6 y3d09 w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.79%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a7 y3d09 w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.37%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x58d y3cef w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.62%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a8 y3cef w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.70%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a9 y3cef w163 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.38%<span class=\"_ _393\"> </span></div></td><td class=\"c n x519 y3cef w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.82%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x591 y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.89%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5aa y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.62%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ab y3c48 w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.36%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ac y3c48 w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.93%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs205\">Analysis of<span class=\"_ _1\"></span> Stage 3 loans<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs206\">The table belo<span class=\"_ _1\"></span>w analy<span class=\"_ _1\"></span>ses the accounts in Stage 3 be<span class=\"_ _1\"></span>tween those:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs207\">\u2022 <span class=\"_ _6\"> </span>In the pr<span class=\"_ _1\"></span>ocess of<span class=\"_ _1\"></span> sale or o<span class=\"_ _1\"></span>ther enfor<span class=\"_ _1\"></span>cement pr<span class=\"_ _1\"></span>ocedures (\u2018R<span class=\"_ _1\"></span>ealisations\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs208\">\u2022 <span class=\"_ _6\"> </span>Where a r<span class=\"_ _1\"></span>eceiver<span class=\"_ _0\"></span> of rent (\u2018R<span class=\"_ _1\"></span>oR\u2019) has been appointed by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup to manag<span class=\"_ _1\"></span>e the pr<span class=\"_ _1\"></span>operty on <span class=\"_ _1\"></span>the customers<span class=\"_ _1\"></span>\u2019 behalf<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs209\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Which are being manag<span class=\"_ _1\"></span>ed on a long-t<span class=\"_ _1\"></span>erm basis and wher<span class=\"_ _1\"></span>e full r<span class=\"_ _1\"></span>ecovery<span class=\"_ _1\"></span> is possible, but <span class=\"_ _1\"></span>which are consider<span class=\"_ _1\"></span>ed to meet r<span class=\"_ _0\"></span>egulatory </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs20a\">default criteria at <span class=\"_ _1\"></span>the balance sheet date (\u2018&gt;3 month arr<span class=\"_ _1\"></span>ears\u2019). <span class=\"_ _0\"></span>This category includes accounts identified as defaults using </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs20b\">non-arrear<span class=\"_ _1\"></span>s based unlikeliness <span class=\"_ _1\"></span>to pay<span class=\"_ _1\"></span> (\u2018UTP\u2019) indicators<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs20c\">\u2022 <span class=\"_ _6\"> </span>Which no longer<span class=\"_ _1\"></span> meet r<span class=\"_ _1\"></span>egulatory def<span class=\"_ _1\"></span>ault criteria, but <span class=\"_ _1\"></span>which are being r<span class=\"_ _1\"></span>etained in Stage 3 <span class=\"_ _1\"></span>for a pr<span class=\"_ _0\"></span>obationary period (\u2018Probation\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs20d\">Where an account meets <span class=\"_ _1\"></span>two o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the criteria, it will be assigned <span class=\"_ _1\"></span>to the categ<span class=\"_ _1\"></span>ory sho<span class=\"_ _1\"></span>wn first in <span class=\"_ _1\"></span>the list abov<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs20e\">RoR accounts in Stage 3 ma<span class=\"_ _1\"></span>y be <span class=\"_ _1\"></span>fully up-<span class=\"_ _1\"></span>to-date with <span class=\"_ _1\"></span>full reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> possible. T<span class=\"_ _1\"></span>hese accounts are included in Stag<span class=\"_ _1\"></span>e 3 as the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs20f\">classified as defaulted f<span class=\"_ _1\"></span>or r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> purposes.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs210\">The v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> Stage 3 cases in <span class=\"_ _1\"></span>the Mortgage L<span class=\"_ _1\"></span>ending segment has remained stable in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>, as cases impacted by <span class=\"_ _1\"></span>the economic </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs211\">issues of r<span class=\"_ _0\"></span>ecent years continue <span class=\"_ _1\"></span>to make <span class=\"_ _1\"></span>their <span class=\"_ _1\"></span>wa<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>the syst<span class=\"_ _1\"></span>em. While <span class=\"_ _1\"></span>the number o<span class=\"_ _1\"></span>f live arr<span class=\"_ _0\"></span>ears cases has grown, the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs212\">of r<span class=\"_ _0\"></span>ent book continues to reduce as older<span class=\"_ _1\"></span> cases ar<span class=\"_ _1\"></span>e work<span class=\"_ _1\"></span>ed out.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs213\">While new<span class=\"_ _1\"></span> receiv<span class=\"_ _1\"></span>ership arrangements continued <span class=\"_ _1\"></span>to be put in place in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, these hav<span class=\"_ _1\"></span>e generally<span class=\"_ _1\"></span> mov<span class=\"_ _1\"></span>ed to sale mor<span class=\"_ _1\"></span>e quickly<span class=\"_ _0\"></span>, based </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs214\">on the positiv<span class=\"_ _1\"></span>e property<span class=\"_ _1\"></span> market. Ho<span class=\"_ _1\"></span>we<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the Group continues <span class=\"_ _1\"></span>to use the r<span class=\"_ _1\"></span>eceivership pr<span class=\"_ _1\"></span>ocess t<span class=\"_ _1\"></span>o ensure good out<span class=\"_ _1\"></span>comes for<span class=\"_ _1\"></span> its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs215\">landlord customers, <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> tenants and itself<span class=\"_ _1\"></span> and, wher<span class=\"_ _1\"></span>e appropriate, <span class=\"_ _1\"></span>will manage <span class=\"_ _1\"></span>these accounts on a longer<span class=\"_ _1\"></span>-term basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs216\">Stage 3 cov<span class=\"_ _1\"></span>erage le<span class=\"_ _1\"></span>vels in <span class=\"_ _1\"></span>the Mortgage L<span class=\"_ _1\"></span>ending segment ar<span class=\"_ _1\"></span>e a little reduced, a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> increasing pr<span class=\"_ _1\"></span>operty <span class=\"_ _1\"></span>values in <span class=\"_ _1\"></span>the period </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs217\">pro<span class=\"_ _1\"></span>viding enhanced security and also of<span class=\"_ _1\"></span> the cry<span class=\"_ _1\"></span>stallisation of<span class=\"_ _1\"></span> losses on some older<span class=\"_ _0\"></span>, heavily pro<span class=\"_ _1\"></span>vided, receiv<span class=\"_ _1\"></span>ership cases.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs218\">The gro<span class=\"_ _1\"></span>wth in Stage 3 cases in <span class=\"_ _1\"></span>the Commercial L<span class=\"_ _1\"></span>ending division is attributable largely<span class=\"_ _1\"></span> to a number<span class=\"_ _0\"></span> of cases in the de<span class=\"_ _1\"></span>velopment </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs219\">finance business impacted by<span class=\"_ _1\"></span> issues in the UK<span class=\"_ _1\"></span> building sector o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> recent periods. <span class=\"_ _0\"></span>These appear in the \u2018&gt;3 month arr<span class=\"_ _1\"></span>ears\u2019 and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs21a\">\u2018realisations<span class=\"_ _1\"></span>\u2019 columns. While such cases enjo<span class=\"_ _1\"></span>y security<span class=\"_ _1\"></span> ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment funded, <span class=\"_ _1\"></span>the Group has <span class=\"_ _1\"></span>taken a car<span class=\"_ _1\"></span>eful appr<span class=\"_ _1\"></span>oach to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs21b\">estimating reco<span class=\"_ _1\"></span>verable <span class=\"_ _1\"></span>values, especially<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e the security<span class=\"_ _1\"></span> may<span class=\"_ _1\"></span> comprise an unfinished structure. F<span class=\"_ _0\"></span>or <span class=\"_ _1\"></span>the most at-risk cohort, <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs21c\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s normal provisioning pr<span class=\"_ _0\"></span>ocess has been enhanced with focussed str<span class=\"_ _1\"></span>ess testing. <span class=\"_ _0\"></span>The performance of <span class=\"_ _1\"></span>this cohort has been the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs21d\">main driver<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the gr<span class=\"_ _0\"></span>owth in provision co<span class=\"_ _1\"></span>verage in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the segment and o<span class=\"_ _1\"></span>verall. </div><div class=\"gs21f\"><table class=\"s w97 hee\" id=\"_d0de7a7b-84a9-482a-b803-8bffdfdaa7b0\"><tr><td></td><td class=\"c n x5ad y3cdc w16e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Probation<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ae y3cdc w16f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">&gt; 3 mon<span class=\"_ _1\"></span>th arrears<span class=\"_ _393\"> </span></div></td><td class=\"c n x5af y3cdc w170 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>oR managed<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b0 y3cdc w171 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>ealisations<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b1 y3cdc w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce3 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce4 ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb3 wbd hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b2 y3cb3 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3cb3 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b4 y3cb3 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3cb3 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">69.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b5 y3cb3 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">176.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d wbe hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b6 y3c5d w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b7 y3c5d w92 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">134.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b8 y3c5d w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b9 y3c5d w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ba y3c5d w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">154.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bb y3c5e w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bc y3c5e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">190.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c5e w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b9 y3c5e w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">89.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ba y3c5e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">330.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce7 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c5f wbd hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3c5f w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x533 y3c5f w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bf y3c5f w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(8.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c0 y3c5f w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(19.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x345 y3c5f w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(28.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c1 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c2 y3c60 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(38.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c3 y3c60 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c4 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c5 y3c60 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(42.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c6 y3c40 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c7 y3c40 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(38.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c8 y3c40 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(8.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c9 y3c40 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(23.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ca y3c40 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(70.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cea ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c61 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b2 y3c61 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b4 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3c61 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">49.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b5 y3c61 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">147.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b6 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cb y3c63 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">95.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cc y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cd y3c63 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ce y3c63 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">112.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bb y3c4e w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bc y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">151.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c4e w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b9 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">66.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ba y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">259.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ced ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cf y3c62 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.18%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d0 y3c62 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.14%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d1 y3c62 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.59%<span class=\"_ _393\"> </span></div></td><td class=\"c n x1aa y3c62 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.18%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d2 y3c65 w172 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d3 y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.87%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d4 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d5 y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.59%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d6 y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.41%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x51a y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.83%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d7 y3c48 w172 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">20.39%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d8 y3c48 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.14%<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c48 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.15%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d9 y3c48 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.43%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs220\"><table class=\"s w173 hf1\" id=\"_d7c8359f-9106-48e2-a234-ab007924d822\"><tr><td></td><td class=\"c n x5ad y3d0a w16e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Probation<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ae y3d0a w16f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">&gt; 3 mon<span class=\"_ _1\"></span>th arrears<span class=\"_ _393\"> </span></div></td><td class=\"c n x5af y3d0a w170 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>oR managed<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b0 y3d0a w171 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>ealisations<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b1 y3d0a w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d0b ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3d0c ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d00 wbd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b2 y3d00 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5da y3d00 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5db y3d00 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">45.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dc y3d00 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">71.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dd y3d00 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">171.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d01 wbe hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b6 y3d01 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5de y3d01 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">105.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5df y3d01 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e0 y3d01 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e1 y3d01 w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">112.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d0d w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bb y3d0d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3d0d w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x59d y3d0d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3d0d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">78.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x353 y3d0d w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d0e ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d03 wbd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3d03 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x533 y3d03 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x534 y3d03 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(11.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x49a y3d03 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(17.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e2 y3d03 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(29.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d04 wbe hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c1 y3d04 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e3 y3d04 w95 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(17.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e4 y3d04 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e5 y3d04 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(3.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e6 y3d04 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(21.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c6 y3c40 wa1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e7 y3c40 w95 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(18.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e8 y3c40 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(11.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e9 y3c40 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(21.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ea y3c40 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(50.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d0f ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d06 wbd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b2 y3d06 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5da y3d06 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">43.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5db y3d06 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">34.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dc y3d06 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">53.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dd y3d06 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">141.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d07 wbe hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b6 y3d07 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5eb y3d07 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">87.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ec y3d07 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ed y3d07 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ee y3d07 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">91.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bb y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">131.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x59d y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">34.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">57.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x353 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">232.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d10 ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d09 wbd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3d09 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cf y3d09 w160 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.57%<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d5 y3d09 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">24.78%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d1 y3d09 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">25.07%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ef y3d09 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">17.36%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d11 wbe hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d2 y3d11 w174 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">25.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f0 y3d11 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">16.86%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f1 y3d11 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f2 y3d11 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">46.48%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f3 y3d11 w161 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">18.76%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x51a y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.93%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f4 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f5 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.78%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f6 y3c48 w161 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.02%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f7 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.91%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs222\">The security <span class=\"_ _0\"></span>values available <span class=\"_ _1\"></span>to reduce exposur<span class=\"_ _1\"></span>e at default in <span class=\"_ _1\"></span>the calculation shown abo<span class=\"_ _1\"></span>ve f<span class=\"_ _1\"></span>or S<span class=\"_ _1\"></span>tage 3 accounts are set<span class=\"_ _1\"></span> out below<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs223\">The estimated <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the security<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esents, f<span class=\"_ _1\"></span>or each account, <span class=\"_ _1\"></span>the lesser o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation estimate and the exposur<span class=\"_ _0\"></span>e at default </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs224\">in the central scenario<span class=\"_ _1\"></span>. Security <span class=\"_ _1\"></span>values ar<span class=\"_ _1\"></span>e based on the most r<span class=\"_ _1\"></span>ecent <span class=\"_ _1\"></span>valuation of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant asset held b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group, inde<span class=\"_ _1\"></span>xed or<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs225\">depreciated as appr<span class=\"_ _1\"></span>opriate.<span class=\"_ _393\"> </span></div><div class=\"gs226\"><table class=\"s wd8 hf2\" id=\"_da4d7343-9a37-4cce-8004-65b1aaf47d5d\"><tr><td></td><td class=\"c n x36b y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f8 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w122 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">First mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f9 y3c4f w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">129.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fa y3c4f w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">119.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w175 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Second mortgag<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fb y3c45 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fc y3c45 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x49f y3c50 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a0 y3c50 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w135 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Motor finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fd y3c65 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fe y3c65 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">139.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">130.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs227\">The RoR manag<span class=\"_ _1\"></span>ed accounts are being managed <span class=\"_ _1\"></span>to ensur<span class=\"_ _1\"></span>e the optimal r<span class=\"_ _1\"></span>esolution for<span class=\"_ _0\"></span> landlords, tenants and lenders and hav<span class=\"_ _1\"></span>e largely<span class=\"_ _1\"></span> </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs228\">reached a long<span class=\"_ _1\"></span>-term, stable position, but <span class=\"_ _1\"></span>the existence of<span class=\"_ _1\"></span> the R<span class=\"_ _1\"></span>oR arrangement causes <span class=\"_ _1\"></span>the accounts to be <span class=\"_ _1\"></span>treated as de<span class=\"_ _1\"></span>faulted for<span class=\"_ _0\"></span> </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs229\">regulatory<span class=\"_ _1\"></span> purposes. <span class=\"_ _1\"></span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s RoR arrang<span class=\"_ _1\"></span>ements are described in mor<span class=\"_ _1\"></span>e detail below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs22a\">Mortgage L<span class=\"_ _1\"></span>ending balances with o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee months arrears include second char<span class=\"_ _1\"></span>ge mortgage accounts originated o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>en year<span class=\"_ _1\"></span>s </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs22b\">ago which ha<span class=\"_ _1\"></span>ve been o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee months in arrears <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> some time. <span class=\"_ _1\"></span>These accounts are g<span class=\"_ _1\"></span>enerally<span class=\"_ _1\"></span> making regular<span class=\"_ _1\"></span> payments and hav<span class=\"_ _1\"></span>e </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs22c\">significant lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> equity in <span class=\"_ _1\"></span>the underlying property<span class=\"_ _1\"></span> which r<span class=\"_ _1\"></span>educes the r<span class=\"_ _1\"></span>equired pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>value sho<span class=\"_ _1\"></span>wn above. It<span class=\"_ _1\"></span> is expected </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs22d\">that a high proportion o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these accounts will e<span class=\"_ _1\"></span>ventually<span class=\"_ _1\"></span> redeem naturally<span class=\"_ _0\"></span>, either on <span class=\"_ _1\"></span>the sale of <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> the satisfaction of<span class=\"_ _1\"></span> the </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs22e\">amount due thr<span class=\"_ _1\"></span>ough instalment payments.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs22f\">Buy-to-le<span class=\"_ _1\"></span>t receiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent cases (Stag<span class=\"_ _1\"></span>e 3)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs230\">Where a buy<span class=\"_ _1\"></span>-to-let mortgag<span class=\"_ _1\"></span>e customer in England or<span class=\"_ _0\"></span> W<span class=\"_ _1\"></span>ales falls into arr<span class=\"_ _1\"></span>ears on their<span class=\"_ _0\"></span> account the Group has the po<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> to appoint a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs231\">receiv<span class=\"_ _1\"></span>er of<span class=\"_ _0\"></span> rent (\u2018RoR\u2019) under<span class=\"_ _1\"></span> the Law<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> Property<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>ct. T<span class=\"_ _1\"></span>he receiver<span class=\"_ _0\"></span> will then manage <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> on behalf o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the customer<span class=\"_ _0\"></span>, collecting </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs232\">rents and r<span class=\"_ _1\"></span>emitting them <span class=\"_ _1\"></span>to make pa<span class=\"_ _1\"></span>yments on the account. <span class=\"_ _1\"></span>While the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> has the po<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> to sell <span class=\"_ _1\"></span>the property<span class=\"_ _0\"></span>, in many cases <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs233\">will operate it as a buy-<span class=\"_ _1\"></span>to-let on at least a short<span class=\"_ _1\"></span> to medium <span class=\"_ _1\"></span>term basis, potentially<span class=\"_ _1\"></span> longer<span class=\"_ _0\"></span>, depending on the individual circumstances </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs234\">of <span class=\"_ _1\"></span>the case. <span class=\"_ _1\"></span>This causes less disruption t<span class=\"_ _1\"></span>o the <span class=\"_ _1\"></span>tenants and may<span class=\"_ _1\"></span> result in <span class=\"_ _1\"></span>the mortgage account r<span class=\"_ _1\"></span>eturning t<span class=\"_ _1\"></span>o performing status and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs235\">property<span class=\"_ _1\"></span> being handed back t<span class=\"_ _1\"></span>o the customer<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs236\">While legacy<span class=\"_ _1\"></span> cases continued to be r<span class=\"_ _1\"></span>esolved in <span class=\"_ _1\"></span>the period, with <span class=\"_ _1\"></span>the number o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>e-<span class=\"_ _1\"></span>2020 appointments still in place reduced b<span class=\"_ _1\"></span>y 39%, ne<span class=\"_ _1\"></span>w </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs237\">RoR appointments continued <span class=\"_ _1\"></span>to be made in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, including on some larger<span class=\"_ _1\"></span> portfolio cases. <span class=\"_ _1\"></span>These ov<span class=\"_ _1\"></span>erwhelmingly r<span class=\"_ _1\"></span>elate to leg<span class=\"_ _1\"></span>acy<span class=\"_ _1\"></span> </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs238\">cases advanced bef<span class=\"_ _1\"></span>ore 2009 and <span class=\"_ _1\"></span>will ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e have a long r<span class=\"_ _1\"></span>ental history<span class=\"_ _0\"></span>, with tenants in place in many<span class=\"_ _1\"></span> cases. Over<span class=\"_ _1\"></span>all the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs239\">portfolio has r<span class=\"_ _1\"></span>educed, with the pr<span class=\"_ _1\"></span>oportion in the cour<span class=\"_ _1\"></span>se of sale r<span class=\"_ _1\"></span>elatively<span class=\"_ _1\"></span> high, re<span class=\"_ _1\"></span>flecting a largely<span class=\"_ _1\"></span> positive pr<span class=\"_ _1\"></span>operty mark<span class=\"_ _1\"></span>et. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws60 gs23a\">The f<span class=\"_ _1\"></span>ollowing table analy<span class=\"_ _1\"></span>ses the number<span class=\"_ _1\"></span> and gross carrying <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f R<span class=\"_ _1\"></span>oR managed accounts shown abo<span class=\"_ _1\"></span>ve by<span class=\"_ _0\"></span> the date of <span class=\"_ _1\"></span>the receiv<span class=\"_ _1\"></span>ers\u2019 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs23b\">appointment, illustrating this position.<span class=\"_ _393\"> </span></div><div class=\"gs23c\"><table class=\"s w74 hdb\" id=\"_566ba200-564e-4eb8-bbc7-f80a63e4f3f4\"><tr><td></td><td></td><td class=\"c n x5ff y3c40 w176 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x600 y3c40 w177 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x601 y3c41 w178 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">No.<span class=\"_ _393\"> </span></div></td><td class=\"c n x602 y3c41 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x603 y3c41 w179 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">No.<span class=\"_ _393\"> </span></div></td><td class=\"c n x604 y3c41 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d12 ff49 fs4 fc1 sc0 ls0 ws0\">Managed accounts<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h6f y3d13 ff67 fs4 fc1 sc0 ls0 ws0\">Appointment date<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w17a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2010 and earlier<span class=\"_ _393\"> </span></div></td><td class=\"c n x605 y3c63 w30 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">63<span class=\"_ _393\"> </span></div></td><td class=\"c n x606 y3c63 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x607 y3c63 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">94<span class=\"_ _393\"> </span></div></td><td class=\"c n x608 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w17b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2011 to 2015<span class=\"_ _393\"> </span></div></td><td class=\"c n x609 y3c4e w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8<span class=\"_ _393\"> </span></div></td><td class=\"c n x60a y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x60b y3c4e w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n x60c y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w17b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2016 to 2020<span class=\"_ _393\"> </span></div></td><td class=\"c n x60d y3cb2 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x60e y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x60f y3cb2 w17c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6<span class=\"_ _393\"> </span></div></td><td class=\"c n x610 y3cb2 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w17d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2021 and later<span class=\"_ _393\"> </span></div></td><td class=\"c n x611 y3c98 w17e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">131<span class=\"_ _393\"> </span></div></td><td class=\"c n x612 y3c98 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x613 y3c98 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">167<span class=\"_ _393\"> </span></div></td><td class=\"c n x614 y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w180 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal managed accoun<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x615 y3c62 w17e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">202<span class=\"_ _393\"> </span></div></td><td class=\"c n x616 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x617 y3c62 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">283<span class=\"_ _393\"> </span></div></td><td class=\"c n x618 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w181 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accounts in the pr<span class=\"_ _1\"></span>ocess of realisation<span class=\"_ _393\"> </span></div></td><td class=\"c n x619 y3c65 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">370<span class=\"_ _393\"> </span></div></td><td class=\"c n x61a y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">68.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x61b y3c65 w182 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">356<span class=\"_ _393\"> </span></div></td><td class=\"c n x61c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">57.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x601 y3c48 w17e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">572<span class=\"_ _393\"> </span></div></td><td class=\"c n x61d y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">106.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x61e y3c48 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">639<span class=\"_ _393\"> </span></div></td><td class=\"c n x61f y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">102.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs23d\">RoR accounts in <span class=\"_ _1\"></span>the process of<span class=\"_ _1\"></span> realisation at<span class=\"_ _1\"></span> the period end ar<span class=\"_ _1\"></span>e included under <span class=\"_ _1\"></span>that heading in the Stag<span class=\"_ _1\"></span>e 3 tables abo<span class=\"_ _1\"></span>ve. In addition </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs23e\">to the cases analy<span class=\"_ _1\"></span>sed above <span class=\"_ _1\"></span>there <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e no other<span class=\"_ _1\"></span> RoR cases in acquir<span class=\"_ _1\"></span>ed mortgage books classified as POCI (2024: <span class=\"_ _1\"></span>four), meaning <span class=\"_ _1\"></span>that </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs23f\">the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s total number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> RoR cases at 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>was 572 (2024: 643).<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs241\">21. <span class=\"_ _ce\"> </span>Loan impairments \u2013 pro<span class=\"_ _1\"></span>vision mov<span class=\"_ _0\"></span>ements in the y<span class=\"_ _0\"></span>ear<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs242\">The mov<span class=\"_ _1\"></span>ements in the impairment pr<span class=\"_ _1\"></span>ovision calculated under<span class=\"_ _1\"></span> IFRS 9, analy<span class=\"_ _1\"></span>sed by<span class=\"_ _1\"></span> business segments, are set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs7c\"><table class=\"s w183 hf3\" id=\"_a0a7eb0b-a400-404e-beff-5eaab8709ba9\"><tr><td></td><td class=\"t m0 x620 h4e y3d14 ff49 fs4 fc1 sc0 ls0 ws0\">Mortgage </td><td class=\"t m0 x375 h4e y3d14 ff49 fs4 fc1 sc0 ls0 ws0\">Commercial </td><td class=\"t m0 x376 h4e y3d14 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x377 h4e y3d15 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x378 h4e y3d15 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x37a y3c41 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c41 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3c41 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w184 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x621 y3c42 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x622 y3c42 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x623 y3c42 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d06 wf5 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Provided in period (note 10)<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3d06 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3d06 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x42a y3d06 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">42.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cec w185 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts writt<span class=\"_ _1\"></span>en off<span class=\"_ _393\"> </span></div></td><td class=\"c n x624 y3cec w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(10.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x625 y3cec w71 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(20.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x626 y3cec w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(30.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w186 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025 (note 20)<span class=\"_ _393\"> </span></div></td><td class=\"c n x627 y3c4e w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c4e w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c4e w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">87.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d16 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x628 y3d16 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">42.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x629 y3d16 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">31.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x62a y3d16 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">73.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d09 wf5 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Provided in period (note 10)<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3d09 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3d09 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">20.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x42a y3d09 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">26.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef w185 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts writt<span class=\"_ _1\"></span>en off<span class=\"_ _393\"> </span></div></td><td class=\"c n x624 y3cef w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(13.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x625 y3cef w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(10.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x626 y3cef w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w186 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2024 (note 20)<span class=\"_ _393\"> </span></div></td><td class=\"c n x627 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x62b y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x62c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs243\">Accounts are consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o be written off<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or accounting purposes if<span class=\"_ _1\"></span> a balance remains once standar<span class=\"_ _1\"></span>d enfor<span class=\"_ _1\"></span>cement pr<span class=\"_ _1\"></span>ocesses have </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs244\">been completed, subject <span class=\"_ _1\"></span>to any<span class=\"_ _1\"></span> amount retained in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> expected salv<span class=\"_ _1\"></span>age receip<span class=\"_ _1\"></span>ts. T<span class=\"_ _1\"></span>his has no effect on <span class=\"_ _1\"></span>the net carrying v<span class=\"_ _1\"></span>alue, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs245\">only on <span class=\"_ _1\"></span>the amounts reported as gr<span class=\"_ _1\"></span>oss loan balances and accumulated impairment pr<span class=\"_ _1\"></span>ovisions.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs246\">At 30 Sept<span class=\"_ _1\"></span>ember 2025, enfor<span class=\"_ _1\"></span>ceable contractual balances of<span class=\"_ _0\"></span> \u00a313.2m (2024: \u00a315.3m) wer<span class=\"_ _1\"></span>e outstanding on non-POCI assets writt<span class=\"_ _1\"></span>en off </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs247\">in the period. <span class=\"_ _1\"></span>This ex<span class=\"_ _1\"></span>cludes those accounts <span class=\"_ _1\"></span>where a <span class=\"_ _1\"></span>full and final settlement <span class=\"_ _1\"></span>was agr<span class=\"_ _1\"></span>eed and those <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the contractual terms do </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs248\">not permit any<span class=\"_ _1\"></span> further<span class=\"_ _1\"></span> action. Enfor<span class=\"_ _1\"></span>ceable balances are k<span class=\"_ _1\"></span>ept under<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or operational purposes, but<span class=\"_ _1\"></span> no amounts are r<span class=\"_ _1\"></span>ecognised in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs249\">respect o<span class=\"_ _1\"></span>f such accounts unless <span class=\"_ _1\"></span>further cash is r<span class=\"_ _1\"></span>eceived or<span class=\"_ _1\"></span> ther<span class=\"_ _1\"></span>e is a strong e<span class=\"_ _1\"></span>xpectation that it <span class=\"_ _1\"></span>will be.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs24a\">A mor<span class=\"_ _1\"></span>e detailed analy<span class=\"_ _1\"></span>sis of <span class=\"_ _1\"></span>these mov<span class=\"_ _1\"></span>ements by<span class=\"_ _1\"></span> IFRS 9 stage on a consolidated basis for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>years ended 30 Sep<span class=\"_ _1\"></span>tember 2025 and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs24b\">30 September<span class=\"_ _1\"></span> 2024 is set out below<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs24c\">These tables, and <span class=\"_ _1\"></span>the matching tables analy<span class=\"_ _1\"></span>sing mov<span class=\"_ _1\"></span>ements in gross balances, hav<span class=\"_ _1\"></span>e been compiled by<span class=\"_ _1\"></span> comparing opening and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs24d\">closing balances on each account and analysing <span class=\"_ _1\"></span>the movements be<span class=\"_ _1\"></span>tween them.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs24e\">Changes due t<span class=\"_ _1\"></span>o credit risk includes all chang<span class=\"_ _1\"></span>es in model parameters <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> related <span class=\"_ _1\"></span>to account performance, e<span class=\"_ _1\"></span>xternal credit data or<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs24f\">model assumptions, including economic scenarios and w<span class=\"_ _1\"></span>eightings.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs250\">The changes in models intr<span class=\"_ _1\"></span>oduced during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> did not cr<span class=\"_ _1\"></span>eate significant mov<span class=\"_ _1\"></span>ements in balances.<span class=\"_ _393\"> </span></div><div class=\"gs1d6\"><table class=\"s wdb hf4\" id=\"_38fc2244-05ac-477f-b675-99ee0eada663\"><tr><td></td><td class=\"c n x62d y3d17 w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x62e y3d17 w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x62f y3d17 w166 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x630 y3d17 w157 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x631 y3d17 w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x632 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x633 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x634 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x635 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x636 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d19 w188 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Loss allowance at 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x637 y3d19 w22 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">16.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3d19 w28 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x639 y3d19 w22 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">50.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f2 y3d19 w28 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3d19 w22 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d1a w189 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">New assets originated<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3d1a wa0 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x63c y3d1a w84 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63d y3d1a w66 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63e y3d1a w66 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63f y3d1a w49 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d1b ff4a fs4 fc1 sc0 ls0 ws0\">Changes in loss allowance<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3ce5 w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x640 y3ce5 wa0 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x641 y3ce5 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x642 y3ce5 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x643 y3ce5 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x644 y3ce5 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3ce6 w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x645 y3ce6 wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x646 y3ce6 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x647 y3ce6 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d4 y3ce6 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x648 y3ce6 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d1c w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x645 y3d1c wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50c y3d1c wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x649 y3d1c w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x64a y3d1c w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x64b y3d1c w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d1d w18b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Changes on stage trans<span class=\"_ _1\"></span>fer<span class=\"_ _393\"> </span></div></td><td class=\"c n x64c y3d1d wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x64d y3d1d wa0 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x64e y3d1d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x64f y3d1d w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3d1d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d1e w18c hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Changes due to credit risk<span class=\"_ _393\"> </span></div></td><td class=\"c n x651 y3d1e wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(9.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x652 y3d1e wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x397 y3d1e w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">39.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x653 y3d1e w7f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x654 y3d1e w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">26.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3ce8 w18d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Write off<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x655 y3ce8 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3ce8 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x657 y3ce8 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(29.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x658 y3ce8 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x659 y3ce8 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(30.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w18e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loss allowance at 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x65a y3c60 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x65b y3c60 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x65c y3c60 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">70.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x514 y3c60 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65d y3c60 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">87.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d1f w188 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loss allowance at 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x637 y3d1f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">19.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3d1f w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x639 y3d1f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">39.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f2 y3d1f w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3d1f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">73.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d20 w189 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">New assets originated<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3d20 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x63c y3d20 w84 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63d y3d20 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63e y3d20 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63f y3d20 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d21 ff4a fs4 fc1 sc0 ls0 ws0\">Changes in loss allowance<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3cec w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x640 y3cec wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x641 y3cec w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x642 y3cec w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x643 y3cec w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x644 y3cec w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d22 w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x645 y3d22 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x646 y3d22 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x647 y3d22 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d4 y3d22 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x648 y3d22 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d23 w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x645 y3d23 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50c y3d23 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x649 y3d23 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x64a y3d23 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x64b y3d23 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d24 w18b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Changes on stage trans<span class=\"_ _1\"></span>fer<span class=\"_ _393\"> </span></div></td><td class=\"c n x64c y3d24 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x64d y3d24 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b4 y3d24 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">26.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x65e y3d24 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65f y3d24 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">27.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cee w18c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Changes due to credit risk<span class=\"_ _393\"> </span></div></td><td class=\"c n x651 y3cee wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(8.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x652 y3cee wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x660 y3cee w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x661 y3cee w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ef y3cee w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(7.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cef w18d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Write off<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x655 y3cef w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3cef w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x657 y3cef w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x55d y3cef w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x536 y3cef w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w18e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loss allowance at 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x65a y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x662 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x663 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x664 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x399 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs252\">During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025, pro<span class=\"_ _1\"></span>vision lev<span class=\"_ _1\"></span>els increased o<span class=\"_ _1\"></span>verall, although <span class=\"_ _1\"></span>the generally<span class=\"_ _1\"></span> stable economic situation in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs253\">UK, coupled with gently<span class=\"_ _0\"></span> rising house prices saw provision in S<span class=\"_ _1\"></span>tages 1 and 2 falling<span class=\"_ _1\"></span>. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, this positive mo<span class=\"_ _1\"></span>vement <span class=\"_ _1\"></span>was outw<span class=\"_ _1\"></span>eighed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs254\">by<span class=\"_ _1\"></span> an increase in Stag<span class=\"_ _1\"></span>e 3 pro<span class=\"_ _1\"></span>vision, as problem cases, particularly<span class=\"_ _1\"></span> in our de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance operation, mov<span class=\"_ _1\"></span>ed thr<span class=\"_ _1\"></span>ough the cr<span class=\"_ _1\"></span>edit </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs255\">cycle, but<span class=\"_ _1\"></span> wer<span class=\"_ _1\"></span>e not g<span class=\"_ _1\"></span>enerally r<span class=\"_ _1\"></span>eplaced by<span class=\"_ _1\"></span> additional distressed accounts. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs256\">Pro<span class=\"_ _1\"></span>vision lev<span class=\"_ _1\"></span>els on secured lending <span class=\"_ _1\"></span>tended to decline, especially<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or loans secur<span class=\"_ _1\"></span>ed on property<span class=\"_ _0\"></span>, with house prices continuing to gr<span class=\"_ _1\"></span>ow<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs257\">in the period, and a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> long-standing cases moving <span class=\"_ _1\"></span>to resolution in <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. Howev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, in the dev<span class=\"_ _1\"></span>elopment finance portfolio<span class=\"_ _1\"></span>, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs258\">the cohort of<span class=\"_ _1\"></span> lending which had been noted as pr<span class=\"_ _1\"></span>oblematic at <span class=\"_ _1\"></span>the pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ear end g<span class=\"_ _1\"></span>enerated additional pro<span class=\"_ _1\"></span>vision, with cases </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs259\">moving fr<span class=\"_ _1\"></span>om Stage 2 <span class=\"_ _1\"></span>to Stage 3 and <span class=\"_ _1\"></span>further issues being encount<span class=\"_ _1\"></span>ered, causing expected losses <span class=\"_ _1\"></span>to incr<span class=\"_ _1\"></span>ease, particularly in Stag<span class=\"_ _1\"></span>e 3. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs25a\">Write o<span class=\"_ _1\"></span>ffs increased in <span class=\"_ _1\"></span>the period, with a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> legacy<span class=\"_ _1\"></span> buy-to-le<span class=\"_ _1\"></span>t cases resolv<span class=\"_ _1\"></span>ed along with a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> development<span class=\"_ _1\"></span> finance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs25b\">cases, including a case classified as POCI. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs25c\">During the pr<span class=\"_ _1\"></span>evious <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, ended 30 September 202<span class=\"_ _1\"></span>4, pr<span class=\"_ _1\"></span>ovision lev<span class=\"_ _1\"></span>els remained br<span class=\"_ _1\"></span>oadly<span class=\"_ _1\"></span> stable over<span class=\"_ _1\"></span>all, although the generally<span class=\"_ _0\"></span> more </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs25d\">benign economic climate and increased confidence in <span class=\"_ _1\"></span>the UK saw<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision in Stages 1 and 2 <span class=\"_ _1\"></span>falling, compensated by<span class=\"_ _1\"></span> an incr<span class=\"_ _1\"></span>ease in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs25e\">Stage 3 pr<span class=\"_ _1\"></span>ovision as pr<span class=\"_ _1\"></span>oblem cases moved <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>the credit<span class=\"_ _1\"></span> cycle, but <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e not gener<span class=\"_ _1\"></span>ally r<span class=\"_ _1\"></span>eplaced by<span class=\"_ _1\"></span> new<span class=\"_ _1\"></span> arrears accounts at<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs25f\">same rate. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs260\">Pro<span class=\"_ _1\"></span>vision lev<span class=\"_ _1\"></span>els on secured lending <span class=\"_ _1\"></span>tended to decline in <span class=\"_ _1\"></span>that y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>, especially for<span class=\"_ _0\"></span> loans secured on property<span class=\"_ _0\"></span>, with house prices </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs261\">increasing in most ar<span class=\"_ _1\"></span>eas. How<span class=\"_ _1\"></span>ever<span class=\"_ _0\"></span>, a number o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>oblem cases in dev<span class=\"_ _1\"></span>elopment finance saw<span class=\"_ _1\"></span> an increased le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ovision being </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs262\">booked, as issues <span class=\"_ _1\"></span>with project pr<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>ess and financing emerged, <span class=\"_ _1\"></span>with these chang<span class=\"_ _1\"></span>es being recognised in <span class=\"_ _1\"></span>the Stage 3 mov<span class=\"_ _1\"></span>ements.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs263\">The lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> write-offs in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ended 30 Sep<span class=\"_ _1\"></span>tember 202<span class=\"_ _1\"></span>4 was higher<span class=\"_ _0\"></span> than in the pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span> as some long-term cases <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e finally<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs264\">resolv<span class=\"_ _1\"></span>ed and the r<span class=\"_ _1\"></span>elated pro<span class=\"_ _1\"></span>vision applied.<span class=\"_ _393\"> </span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs266\">The mov<span class=\"_ _1\"></span>ements in the L<span class=\"_ _1\"></span>oans to Customer<span class=\"_ _1\"></span>s balances in respect of<span class=\"_ _0\"></span> which these loss allow<span class=\"_ _1\"></span>ances have been made ar<span class=\"_ _1\"></span>e set out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w18f hc7\" id=\"_3e336d20-e7c0-4417-b35e-e0ceaaa79edb\"><tr><td></td><td class=\"c n x665 y3c32 w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x666 y3c32 w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x667 y3c32 w166 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x668 y3c32 w157 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x669 y3c32 w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x66a y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x66b y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x66c y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x66d y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x66e y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d25 w190 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Balance at 30 September 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x66f y3d25 w15f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,705.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x670 y3d25 w96 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x671 y3d25 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x672 y3d25 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">17.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x673 y3d25 w5f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d26 w189 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">New assets originated<span class=\"_ _393\"> </span></div></td><td class=\"c n x674 y3d26 w4f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,867.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x675 y3d26 w84 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x676 y3d26 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x677 y3d26 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x678 y3d26 w4f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,867.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d27 ff4a fs4 fc1 sc0 ls0 ws0\">Changes in staging<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3d28 w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x679 y3d28 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">269.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x67a y3d28 w1b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(267.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67b y3d28 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67c y3d28 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x67d y3d28 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d19 w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x67e y3d19 w1b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(385.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67f y3d19 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">399.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x680 y3d19 w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(13.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x681 y3d19 w66 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x682 y3d19 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d1a w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x683 y3d1a w95 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(42.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x684 y3d1a w1b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(121.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x685 y3d1a w4b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">163.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x686 y3d1a w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x687 y3d1a w66 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d29 w191 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Redemptions and r<span class=\"_ _1\"></span>epayments<span class=\"_ _393\"> </span></div></td><td class=\"c n x688 y3d29 w79 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2,914.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x689 y3d29 w1b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(114.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68a y3d29 w71 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(94.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68b y3d29 w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(12.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68c y3d29 w79 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3,136.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d00 w18d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Writ<span class=\"_ _1\"></span>e offs<span class=\"_ _393\"> </span></div></td><td class=\"c n x68d y3d00 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x68e y3d00 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x68f y3d00 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(29.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x690 y3d00 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x691 y3d00 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(30.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d01 w192 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Other changes<span class=\"_ _393\"> </span></div></td><td class=\"c n x692 y3d01 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">868.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x693 y3d01 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">47.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x694 y3d01 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">24.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x695 y3d01 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x696 y3d01 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">946.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w193 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Balance at 30 September 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x697 y3c5e w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,368.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x698 y3c5e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">719.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x699 y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">330.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x69a y3c5e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x69b y3c5e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,429.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d1d w194 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loss allowance<span class=\"_ _393\"> </span></div></td><td class=\"c n x69c y3d1d w95 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(12.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69d y3d1d wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69e y3d1d w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(70.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69f y3d1d w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a0 y3d1d w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(87.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w11f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a1 y3c3d w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,356.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a2 y3c3d w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">715.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a3 y3c3d w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">259.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a4 y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a5 y3c3d w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d04 w190 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Balance at 30 September 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x66f y3d04 w15f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13,972.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x670 y3d04 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">744.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x671 y3d04 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">206.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x672 y3d04 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x673 y3d04 w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,947.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d2a w189 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">New assets originated<span class=\"_ _393\"> </span></div></td><td class=\"c n x674 y3d2a w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,757.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x675 y3d2a w84 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x676 y3d2a w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x677 y3d2a w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x678 y3d2a w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,757.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d2b ff4a fs4 fc1 sc0 ls0 ws0\">Changes in staging<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3d2c w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x679 y3d2c w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">329.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x67a y3d2c w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(325.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67b y3d2c w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67c y3d2c w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x67d y3d2c w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d06 w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x67e y3d06 w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(566.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67f y3d06 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">585.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x680 y3d06 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(18.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x681 y3d06 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x682 y3d06 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cec w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x683 y3cec w95 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(38.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x684 y3cec w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(137.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x685 y3cec w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">175.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x686 y3cec w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x687 y3cec w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d22 w191 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Redemptions and r<span class=\"_ _1\"></span>epayments<span class=\"_ _393\"> </span></div></td><td class=\"c n x688 y3d22 w79 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2,558.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x689 y3d22 w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(137.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68a y3d22 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(76.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68b y3d22 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(11.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68c y3d22 w79 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2,782.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d2d w18d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Writ<span class=\"_ _1\"></span>e offs<span class=\"_ _393\"> </span></div></td><td class=\"c n x68d y3d2d w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x68e y3d2d w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x68f y3d2d w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a6 y3d2d w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a7 y3d2d w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d16 w192 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Other changes<span class=\"_ _393\"> </span></div></td><td class=\"c n x692 y3d16 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">808.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x693 y3d16 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">46.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x694 y3d16 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">23.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x695 y3d16 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x696 y3d16 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">882.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w193 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Balance at 30 September 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x697 y3c50 w15f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,705.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a8 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a9 y3c50 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6aa y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ab y3c50 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef w194 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Loss allowance<span class=\"_ _393\"> </span></div></td><td class=\"c n x69c y3cef w95 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(16.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69d y3cef wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69e y3cef w71 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(50.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ac y3cef w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ad y3cef w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(76.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w11f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a1 y3c48 w15f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,689.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ae y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">768.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x6af y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">232.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b0 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b1 y3c48 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs267\">Other chang<span class=\"_ _1\"></span>es includes interest and similar<span class=\"_ _0\"></span> charges.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs268\">22. <span class=\"_ _29\"></span>Loan impairments \u2013 economic inputs t<span class=\"_ _1\"></span>o calculations<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs269\">Impairment pro<span class=\"_ _1\"></span>vision under IFRS 9 is calculated on a <span class=\"_ _1\"></span>forwar<span class=\"_ _1\"></span>d-looking ECL<span class=\"_ _1\"></span> basis, based on expected economic conditions in multiple </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs26a\">internally coher<span class=\"_ _1\"></span>ent scenarios. <span class=\"_ _1\"></span>While the pr<span class=\"_ _1\"></span>ovision calculation is intended <span class=\"_ _1\"></span>to address all possible <span class=\"_ _1\"></span>future economic outcomes, <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs26b\">in common with most other<span class=\"_ _0\"></span> lenders, uses a small number of diff<span class=\"_ _1\"></span>ering scenarios as repr<span class=\"_ _1\"></span>esentatives o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>this universe of<span class=\"_ _1\"></span> potential outturns.</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs26c\"> T<span class=\"_ _1\"></span>he Group uses <span class=\"_ _1\"></span>four distinct<span class=\"_ _1\"></span> economic scenarios chosen to r<span class=\"_ _1\"></span>epresent <span class=\"_ _1\"></span>the range o<span class=\"_ _1\"></span>f possible outcomes and allo<span class=\"_ _1\"></span>w f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs26d\">economic asymmetry<span class=\"_ _1\"></span> in the calculations. Each scenario comprises a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> economic parameters and <span class=\"_ _1\"></span>while models for<span class=\"_ _0\"></span> different </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs26e\">portfolios may<span class=\"_ _1\"></span> not use all <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>ariables, the set, as a <span class=\"_ _1\"></span>whole, is defined f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group and must be internally<span class=\"_ _1\"></span> consistent.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs26f\">As the Gr<span class=\"_ _1\"></span>oup does not hav<span class=\"_ _1\"></span>e an internal economics function, in de<span class=\"_ _1\"></span>veloping its economic scenarios it considers analy<span class=\"_ _1\"></span>sis fr<span class=\"_ _1\"></span>om reputable </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs270\">external sour<span class=\"_ _1\"></span>ces to <span class=\"_ _1\"></span>form a general mark<span class=\"_ _1\"></span>et consensus <span class=\"_ _1\"></span>which informs its central scenario. <span class=\"_ _1\"></span>These sour<span class=\"_ _1\"></span>ces include data and for<span class=\"_ _1\"></span>ecasts </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs271\">produced b<span class=\"_ _1\"></span>y HM <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>reasury<span class=\"_ _0\"></span>, the Office of<span class=\"_ _1\"></span> Budget R<span class=\"_ _1\"></span>esponsibility (\u2018OBR\u2019) and <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> as w<span class=\"_ _1\"></span>ell as private sector<span class=\"_ _1\"></span> economic resear<span class=\"_ _0\"></span>ch bodies<span class=\"_ _2\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs272\">and industry sour<span class=\"_ _1\"></span>ces. <span class=\"_ _1\"></span>The Group also <span class=\"_ _1\"></span>takes account o<span class=\"_ _1\"></span>f public statements <span class=\"_ _1\"></span>from bodies such as <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England and the<span class=\"ls0\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs273\">UK Gov<span class=\"_ _1\"></span>ernment t<span class=\"_ _1\"></span>o inform its final position.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs274\">The central scenario used f<span class=\"_ _1\"></span>or IFRS 9 impairment purposes is consistent <span class=\"_ _1\"></span>with the scenario <span class=\"_ _1\"></span>which forms <span class=\"_ _1\"></span>the basis of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s business<span class=\"_ _2\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs275\">planning and for<span class=\"_ _1\"></span>ecasting and will <span class=\"_ _1\"></span>there<span class=\"_ _1\"></span>fore g<span class=\"_ _1\"></span>enerally carry<span class=\"_ _0\"></span> the highest probability<span class=\"_ _1\"></span> weighting<span class=\"_ _1\"></span>. In its September<span class=\"_ _1\"></span> 2025 for<span class=\"_ _1\"></span>ecasting cy<span class=\"_ _1\"></span>cle (the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs276\">\u2018October <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast\u2019), the Gr<span class=\"_ _1\"></span>oup has adopted a central economic scenario deriv<span class=\"_ _1\"></span>ed using a broadly<span class=\"_ _1\"></span> equivalent appr<span class=\"_ _1\"></span>oach t<span class=\"_ _1\"></span>o that used in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs277\">September<span class=\"_ _1\"></span> 2024, <span class=\"_ _1\"></span>with the starting point of<span class=\"_ _1\"></span> the scenario updat<span class=\"_ _1\"></span>ed to r<span class=\"_ _1\"></span>eflect the actual mo<span class=\"_ _1\"></span>vements of<span class=\"_ _1\"></span> economic <span class=\"_ _1\"></span>variables in the <span class=\"_ _0\"></span>year<span class=\"_ _1\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs278\">The general <span class=\"_ _1\"></span>trend o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s centr<span class=\"_ _1\"></span>al for<span class=\"_ _1\"></span>ecast f<span class=\"_ _1\"></span>ollows <span class=\"_ _1\"></span>that published by<span class=\"_ _1\"></span> the Bank<span class=\"_ _1\"></span> of England in <span class=\"_ _0\"></span>August 2025. This r<span class=\"_ _1\"></span>eflects a pattern </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs279\">of solid but<span class=\"_ _1\"></span> unimpressiv<span class=\"_ _1\"></span>e growth <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> economy<span class=\"_ _0\"></span>, with inflation rising in the short term, although r<span class=\"_ _0\"></span>eturning to targ<span class=\"_ _1\"></span>et lev<span class=\"_ _1\"></span>els to<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>ds </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs27a\">the end of <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>orecast period. Bank base r<span class=\"_ _1\"></span>ates continue to <span class=\"_ _1\"></span>fall, although w<span class=\"_ _1\"></span>e expect <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England to mo<span class=\"_ _1\"></span>ve cautiously in light<span class=\"_ _1\"></span> of </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs27b\">concerns over<span class=\"_ _0\"></span> inflation. House prices, which have been mor<span class=\"_ _1\"></span>e resilient <span class=\"_ _1\"></span>than many<span class=\"_ _1\"></span> had for<span class=\"_ _1\"></span>ecast, continue to incr<span class=\"_ _1\"></span>ease modestly<span class=\"_ _1\"></span> in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws17 gs27c\">short term, strengthening tow<span class=\"_ _1\"></span>ard the end of the f<span class=\"_ _1\"></span>orecast. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs27e\">Compared <span class=\"_ _1\"></span>with the central <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast adopted at 30 September<span class=\"_ _0\"></span> 2024, this is a little more op<span class=\"_ _1\"></span>timistic, with unemplo<span class=\"_ _1\"></span>yment and interest r<span class=\"_ _1\"></span>ates </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs27f\">at lower<span class=\"_ _0\"></span> levels and a more positiv<span class=\"_ _1\"></span>e outlook f<span class=\"_ _1\"></span>or house prices in <span class=\"_ _1\"></span>the short term. Ho<span class=\"_ _1\"></span>we<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, GDP and inflation r<span class=\"_ _1\"></span>emain on a similar <span class=\"_ _1\"></span>trajectory<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws65 gs280\">The scenario also begins fr<span class=\"_ _1\"></span>om the actual Sept<span class=\"_ _1\"></span>ember 2025 position, so <span class=\"_ _1\"></span>that v<span class=\"_ _1\"></span>ariances against <span class=\"_ _1\"></span>the 2024 scenarios in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> are r<span class=\"_ _1\"></span>eflected, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs281\">with house prices at 30 September<span class=\"_ _1\"></span> 2025, especially<span class=\"_ _1\"></span>, starting the <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast period at a higher<span class=\"_ _1\"></span> level <span class=\"_ _1\"></span>than pr<span class=\"_ _1\"></span>eviously<span class=\"_ _1\"></span> modelled.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs282\">The upside and downside scenarios ar<span class=\"_ _1\"></span>e derived <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the central for<span class=\"_ _1\"></span>ecast, as the<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> have been in pr<span class=\"_ _1\"></span>evious periods. <span class=\"_ _1\"></span>The shape of<span class=\"_ _1\"></span> the curv<span class=\"_ _1\"></span>es </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs283\">repr<span class=\"_ _1\"></span>esenting all thr<span class=\"_ _1\"></span>ee scenarios are similar<span class=\"_ _1\"></span> acr<span class=\"_ _1\"></span>oss the f<span class=\"_ _1\"></span>orecast period, but <span class=\"_ _1\"></span>the upside scenario assumes inflation r<span class=\"_ _1\"></span>emaining lower<span class=\"_ _1\"></span> than </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs284\">generally<span class=\"_ _1\"></span> expected, driving f<span class=\"_ _1\"></span>aster gr<span class=\"_ _1\"></span>owth and higher<span class=\"_ _1\"></span> employment and enabling <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England to cut<span class=\"_ _1\"></span> the base rate <span class=\"_ _1\"></span>further and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs285\">faster<span class=\"_ _1\"></span> than in the base case, <span class=\"_ _1\"></span>while house prices r<span class=\"_ _1\"></span>ecover<span class=\"_ _1\"></span> mor<span class=\"_ _1\"></span>e strongly<span class=\"_ _0\"></span>. Conversely<span class=\"_ _0\"></span>, the downside case repr<span class=\"_ _1\"></span>esents increased pr<span class=\"_ _1\"></span>essur<span class=\"_ _1\"></span>e on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs286\">CPI, leading to incr<span class=\"_ _0\"></span>eases of base rates in the short<span class=\"_ _1\"></span> term, <span class=\"_ _1\"></span>with reduced economic confidence leading <span class=\"_ _1\"></span>to stagnant gr<span class=\"_ _1\"></span>owth, declining house </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs287\">prices and a pick-up in unemplo<span class=\"_ _1\"></span>yment le<span class=\"_ _1\"></span>vels. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs288\">The sev<span class=\"_ _1\"></span>ere scenario has been deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om the most r<span class=\"_ _1\"></span>ecent <span class=\"_ _1\"></span>Annual Cyclical Scenario (\u2018<span class=\"_ _0\"></span>ACS\u2019) published b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England, as in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs289\">recent periods. <span class=\"_ _0\"></span>The ACS published in Mar<span class=\"_ _1\"></span>ch 2025 f<span class=\"_ _1\"></span>orms the basis f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s scenario and includes persistently high int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ates, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs28a\">causing a pronounced r<span class=\"_ _1\"></span>ecession impacting on gro<span class=\"_ _1\"></span>wth and employment le<span class=\"_ _1\"></span>vels, <span class=\"_ _1\"></span>with a significant fall in house prices.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs28b\">The ov<span class=\"_ _1\"></span>erall shape of<span class=\"_ _1\"></span> the scenarios adopted, and <span class=\"_ _1\"></span>the change in <span class=\"_ _1\"></span>the for<span class=\"_ _1\"></span>ecasts y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span>-on-y<span class=\"_ _1\"></span>ear is illustrat<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the f<span class=\"_ _1\"></span>orecasts of<span class=\"_ _1\"></span> the UK\u2019<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs28c\">unemployment rat<span class=\"_ _1\"></span>e set out in the charts belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he unemployment rat<span class=\"_ _1\"></span>e has been presented as it is <span class=\"_ _1\"></span>the principal indicator<span class=\"_ _1\"></span> of g<span class=\"_ _1\"></span>eneral </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs28d\">economic activity used in modelling losses in <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s buy-to-let<span class=\"_ _1\"></span> mortgage portfolio<span class=\"_ _1\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs28e\">The f<span class=\"_ _1\"></span>orecast le<span class=\"_ _1\"></span>vels of<span class=\"_ _1\"></span> house price inflation, the economic <span class=\"_ _1\"></span>variable <span class=\"_ _1\"></span>which has the most significant<span class=\"_ _1\"></span> impact on the size o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs28f\">impairment pro<span class=\"_ _1\"></span>vision, are also sho<span class=\"_ _1\"></span>wn. </div><div class=\"t m0 h47 ff84 fs25 fc1 sc0 ls0 ws0 gs290\">Historical and for<span class=\"_ _1\"></span>ecast unemplo<span class=\"_ _1\"></span>yment rates (<span class=\"_ _1\"></span>end point measure<span class=\"_ _1\"></span>) </div><div class=\"t m0 h50 ff85 fs27 fc1 sc0 ls0 ws0 gs291\">As at September 2025<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 lsd ws80 gs292\">0.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 ls0 ws0 gs293\">FY 2024-<span class=\"_ _1\"></span>2025<span class=\"_ _6e\"> </span>FY<span class=\"_ _1\"></span> 2025-2026<span class=\"_ _91\"> </span>FY 2026-2027<span class=\"_ _6e\"> </span>FY 2027<span class=\"_ _1\"></span>-2028<span class=\"_ _91\"> </span>FY 2028-2029<span class=\"_ _e9\"> </span>FY 2029-2030<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 ls0 ws0 gs294\">5.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 lsd ws80 gs295\">4.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 ls0 ws0 gs296\">3.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 ls0 ws0 gs297\">2.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 ls0 ws0 gs298\">1.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 ls0 ws0 gs299\">6.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 ls32 wsd2 gs29a\">7.<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 ls0 ws0 gs29b\">8.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 lsd ws80 gs29c\">10.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff86 fs9 fc1 sc0 ls33 wsd3 gs29d\">9.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff85 fs9 fc1 sc0 ls0 ws0 gs29e\">Severe<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff85 fs9 fc1 sc0 ls0 ws0 gs29f\">Upside<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff85 fs9 fc1 sc0 ls0 ws0 gs2a0\">Central<span class=\"_ _149\"></span><span class=\"_ _393\"> </span>Downside<span class=\"_ _393\"> </span></div><div class=\"t m0 h47 ff87 fs25 fc1 sc0 ls0 ws0 gs2a1\">Historical and for<span class=\"_ _1\"></span>ecast unemplo<span class=\"_ _1\"></span>yment rates (<span class=\"_ _1\"></span>end point measure<span class=\"_ _1\"></span>) </div><div class=\"t m0 h50 ff88 fs27 fc1 sc0 ls0 ws0 gs2a2\">As at September 202<span class=\"_ _1\"></span>4<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 lsd ws80 gs2a3\">0.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 ls0 ws0 gs2a4\">FY 2024-<span class=\"_ _1\"></span>2025<span class=\"_ _28f\"></span><span class=\"_ _393\"> </span>FY 2023-<span class=\"_ _1\"></span>2024<span class=\"_ _290\"> </span>FY 2025-<span class=\"_ _1\"></span>2026<span class=\"_ _6e\"> </span>FY 2026-<span class=\"_ _1\"></span>2027<span class=\"_ _6e\"> </span>FY 2027<span class=\"_ _1\"></span>-2028<span class=\"_ _91\"> </span>FY 2028-2029<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 ls0 ws0 gs2a5\">5.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 lsd ws80 gs2a6\">4.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 ls0 ws0 gs2a7\">3.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 ls0 ws0 gs2a8\">2.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 ls0 ws0 gs2a9\">1.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 ls0 ws0 gs2aa\">6.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 ls32 wsd2 gs2ab\">7.<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 ls0 ws0 gs2ac\">8.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 lsd ws80 gs2ad\">10.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 h48 ff89 fs9 fc1 sc0 ls33 wsd3 gs2ae\">9.0%<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff88 fs9 fc1 sc0 ls0 ws0 gs2af\">Severe<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff88 fs9 fc1 sc0 ls0 ws0 gs2b0\">Upside<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff88 fs9 fc1 sc0 ls0 ws0 gs2b1\">Central<span class=\"_ _149\"></span><span class=\"_ _393\"> </span>Downside<span class=\"_ _393\"> </span></div><div class=\"t m0 h47 ff8a fs25 fc1 sc0 ls0 ws0 gs2b3\">Historical and for<span class=\"_ _1\"></span>ecast HPI rates (<span class=\"_ _1\"></span>annual change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"t m0 h50 ff8b fs27 fc1 sc0 ls0 ws0 gs2b4\">As at September 2025<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8c fs9 fc1 sc0 ls0 ws0 gs2b5\">-0.20<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8c fs9 fc1 sc0 ls0 ws0 gs2b6\">FY 2024-<span class=\"_ _1\"></span>2025<span class=\"_ _6e\"> </span>FY<span class=\"_ _1\"></span> 2025-2026<span class=\"_ _91\"> </span>FY 2026-2027<span class=\"_ _6e\"> </span>FY 2027<span class=\"_ _1\"></span>-2028<span class=\"_ _91\"> </span>FY 2028-2029<span class=\"_ _e9\"> </span>FY 2029-2030<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8c fs9 fc1 sc0 ls0 ws0 gs2b7\">-0.<span class=\"_ _1\"></span>15<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8c fs9 fc1 sc0 ls0 ws0 gs2b8\">-0.<span class=\"_ _1\"></span>10<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8c fs9 fc1 sc0 lsd ws80 gs2b9\">-0.05<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8c fs9 fc1 sc0 ls0 ws0 gs2ba\">-<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8c fs9 fc1 sc0 ls34 wsd4 gs2bb\">0.1<span class=\"_ _2\"></span>0<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8c fs9 fc1 sc0 lsd ws80 gs2bc\">0.05<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8b fs9 fc1 sc0 ls0 ws0 gs2bd\">Severe<span class=\"_ _291\"> </span>Upside<span class=\"_ _292\"></span><span class=\"_ _393\"> </span>Central<span class=\"_ _149\"></span><span class=\"_ _393\"> </span>Downside<span class=\"_ _393\"> </span></div><div class=\"t m0 h47 ff8d fs25 fc1 sc0 ls0 ws0 gs2be\">Historical and for<span class=\"_ _1\"></span>ecast HPI rates (<span class=\"_ _1\"></span>annual change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"t m0 h50 ff8e fs27 fc1 sc0 ls0 ws0 gs2bf\">As at September 202<span class=\"_ _1\"></span>4<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8f fs9 fc1 sc0 ls0 ws0 gs2c0\">-0.20<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8f fs9 fc1 sc0 ls0 ws0 gs2c1\">FY 2024-<span class=\"_ _1\"></span>2025<span class=\"_ _28f\"></span><span class=\"_ _393\"> </span>FY 2023-<span class=\"_ _1\"></span>2024<span class=\"_ _290\"> </span>FY 2025-<span class=\"_ _1\"></span>2026<span class=\"_ _6e\"> </span>FY 2026-<span class=\"_ _1\"></span>2027<span class=\"_ _6e\"> </span>FY 2027<span class=\"_ _1\"></span>-2028<span class=\"_ _91\"> </span>FY 2028-2029<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8f fs9 fc1 sc0 ls0 ws0 gs2c2\">-0.<span class=\"_ _1\"></span>15<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8f fs9 fc1 sc0 ls0 ws0 gs2c3\">-0.<span class=\"_ _1\"></span>10<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8f fs9 fc1 sc0 lsd ws80 gs2c4\">-0.05<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8f fs9 fc1 sc0 ls0 ws0 gs2c5\">-<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8f fs9 fc1 sc0 ls34 wsd4 gs2c6\">0.1<span class=\"_ _2\"></span>0<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8f fs9 fc1 sc0 lsd ws80 gs2c7\">0.05<span class=\"_ _393\"> </span></div><div class=\"t m0 hd ff8e fs9 fc1 sc0 ls0 ws0 gs2c8\">Severe<span class=\"_ _291\"> </span>Upside<span class=\"_ _292\"></span><span class=\"_ _393\"> </span>Central<span class=\"_ _149\"></span><span class=\"_ _393\"> </span>Downside<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2c9\">F<span class=\"_ _0\"></span>ollowing a revie<span class=\"_ _1\"></span>w o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the weightings o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the different<span class=\"_ _1\"></span> scenarios, set against <span class=\"_ _1\"></span>the over<span class=\"_ _1\"></span>all potential f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>variability<span class=\"_ _1\"></span> in the <span class=\"_ _1\"></span>future economic </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2ca\">outlook, the Gr<span class=\"_ _1\"></span>oup decided to adjust <span class=\"_ _1\"></span>the scenario w<span class=\"_ _1\"></span>eightings which had been used at 30 Sept<span class=\"_ _1\"></span>ember 2024 <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2cb\">The central consensus <span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> economic outlook is a little more se<span class=\"_ _1\"></span>ttled and more benign <span class=\"_ _1\"></span>than it w<span class=\"_ _1\"></span>as at 30 September<span class=\"_ _1\"></span> 2024, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2cc\">howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the potential <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> significant downside impacts fr<span class=\"_ _0\"></span>om geopolitical factors, including conflicts in Eastern Eur<span class=\"_ _1\"></span>ope and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2cd\">Middle East, remains. <span class=\"_ _1\"></span>The impact on <span class=\"_ _1\"></span>the UK economy<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the policies of<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> Gov<span class=\"_ _1\"></span>ernment elected in 2024 are <span class=\"_ _0\"></span>yet to become clear<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2ce\">and the long-<span class=\"_ _1\"></span>term impact on <span class=\"_ _1\"></span>the global situation of <span class=\"_ _1\"></span>the new<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>dministration in the United S<span class=\"_ _1\"></span>tates is also uncertain. T<span class=\"_ _1\"></span>his has led to a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2cf\">wide range of<span class=\"_ _1\"></span> potential paths <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the UK econom<span class=\"_ _1\"></span>y being sugg<span class=\"_ _1\"></span>ested, with an emphasis on <span class=\"_ _1\"></span>the potential downsides. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2d0\">Balancing these f<span class=\"_ _1\"></span>actors the Gr<span class=\"_ _1\"></span>oup determined <span class=\"_ _1\"></span>that it w<span class=\"_ _1\"></span>as still appropriate <span class=\"_ _1\"></span>to continue <span class=\"_ _1\"></span>to move back<span class=\"_ _1\"></span> to<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>ds a more normal set o<span class=\"_ _1\"></span>f </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2d1\">economic weightings, closer<span class=\"_ _0\"></span> to those seen in the early<span class=\"_ _0\"></span> years of<span class=\"_ _1\"></span> IFRS 9, bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the impacts of Br<span class=\"_ _1\"></span>exit and Co<span class=\"_ _1\"></span>vid. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the analysis </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2d2\">also suggested a cautious appr<span class=\"_ _1\"></span>oach, with a continued <span class=\"_ _1\"></span>focus on the do<span class=\"_ _1\"></span>wnside scenarios. Ther<span class=\"_ _0\"></span>efore, the <span class=\"_ _1\"></span>weighting of<span class=\"_ _1\"></span> the se<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2d3\">scenario has been reduced, <span class=\"_ _1\"></span>with the <span class=\"_ _1\"></span>weightings of<span class=\"_ _1\"></span> the upside and do<span class=\"_ _1\"></span>wnside held steady<span class=\"_ _1\"></span>, as set out in <span class=\"_ _1\"></span>the table belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2d4\">Sensitivities comparing the eff<span class=\"_ _1\"></span>ect of <span class=\"_ _1\"></span>these w<span class=\"_ _1\"></span>eightings with <span class=\"_ _1\"></span>those adopted in the pr<span class=\"_ _0\"></span>evious year<span class=\"_ _1\"></span> and those <span class=\"_ _1\"></span>which might be seen in a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2d5\">more normal economic envir<span class=\"_ _0\"></span>onment are set out in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs2d6\"><table class=\"s w195 hd6\" id=\"_193b7c06-01c1-43ba-a030-e7365a5e934d\"><tr><td></td><td class=\"c n x3cb y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b2 y3c4f w197 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e3 y3c4f w198 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b3 y3c45 w197 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x213 y3c45 w198 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c50 w197 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x654 y3c50 w198 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c47 w19c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x3aa y3c47 w198 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15%<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w19d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b4 y3c48 w19e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2d8\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s economic scenarios comprise sev<span class=\"_ _1\"></span>en v<span class=\"_ _1\"></span>ariables based on standard publicly<span class=\"_ _1\"></span> av<span class=\"_ _1\"></span>ailable metrics for<span class=\"_ _1\"></span> the UK. <span class=\"_ _0\"></span>These </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2d9\">variables ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2da\">\u2022 <span class=\"_ _6\"> </span>Y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-on-year chang<span class=\"_ _1\"></span>e in Gross Domestic Pr<span class=\"_ _1\"></span>oduct (\u2018GDP\u2019) as measured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Office of<span class=\"_ _1\"></span> National Statistics (\u2018ONS\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2db\">\u2022 <span class=\"_ _6\"> </span>Y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-on-year chang<span class=\"_ _1\"></span>e in the House Price Index (\u2018HPI\u2019) as measured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Nationwide Building Society<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2dc\">\u2022 <span class=\"_ _6\"> </span>Bank Base Rate (\u2018BBR\u2019), as set b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2dd\">\u2022 <span class=\"_ _6\"> </span>Consumer<span class=\"_ _1\"></span> Price Inflation (\u2018CPI\u2019) rate, as measured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the ONS<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2de\">\u2022 <span class=\"_ _6\"> </span>Unemployment r<span class=\"_ _1\"></span>ate, as measured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the ONS<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2df\">\u2022 <span class=\"_ _6\"> </span>Annual change in secur<span class=\"_ _1\"></span>ed lending, as measur<span class=\"_ _1\"></span>ed by <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England \u2018mortgage adv<span class=\"_ _1\"></span>ances\u2019 data series<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2e0\">\u2022 <span class=\"_ _6\"> </span>Annual change in consumer<span class=\"_ _1\"></span> credit, as measur<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Bank<span class=\"_ _1\"></span> of England \u2018unsecur<span class=\"_ _1\"></span>ed advances<span class=\"_ _1\"></span>\u2019 data series<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2e1\">The project<span class=\"_ _1\"></span>ed averag<span class=\"_ _1\"></span>e annual v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> each of <span class=\"_ _1\"></span>these v<span class=\"_ _1\"></span>ariables in each of<span class=\"_ _1\"></span> the fir<span class=\"_ _1\"></span>st fiv<span class=\"_ _1\"></span>e financial y<span class=\"_ _1\"></span>ears of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>forecast<span class=\"_ _1\"></span> period are set </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2e2\">out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs2e3\">30 September<span class=\"_ _1\"></span> 2025<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2e4\">GDP (y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span>-on-year<span class=\"_ _0\"></span> change)<span class=\"_ _393\"> </span></div><div class=\"gs2e5\"><table class=\"s w19f hf6\" id=\"_6fa1cc19-3720-4fed-9605-c80b64521f9c\"><tr><td></td><td class=\"c n x6b5 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.8)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ca y3c48 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.4)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cb y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cc y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cd y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2e6\">HPI (year<span class=\"_ _1\"></span>-on-year<span class=\"_ _1\"></span> change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs2e7\"><table class=\"s w19f hea\" id=\"_aea12933-b352-4ae9-86c3-c107cf58910e\"><tr><td></td><td class=\"c n x6b5 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ce y3c65 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.2)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cf y3c65 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.7)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d0 y3c65 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d2 y3c65 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.6)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d3 y3c48 w1a4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.3)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d4 y3c48 w1a5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(11.3)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d5 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d6 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2e8\">BBR (rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs2e9\"><table class=\"s w19f hea\" id=\"_2c5996d2-54a9-4f65-927b-9ebedbe27fda\"><tr><td></td><td class=\"c n x6b5 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d8 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d9 y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6da y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6db y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2ea\">CPI (rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs2eb\"><table class=\"s w19f hf6\" id=\"_dc09ae40-bd02-46c6-a7d4-6c9d90d008cb\"><tr><td></td><td class=\"c n x6b5 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c45 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c45 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c45 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c45 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c50 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c50 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c50 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c50 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c50 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c47 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c47 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c47 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c47 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c47 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d8 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d9 y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6da y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6db y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2ed\">Unemployment (<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w19f hf7\" id=\"_c0a8298d-b3e9-4ad9-94d2-c7c40d98942f\"><tr><td></td><td class=\"c n x6dc y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c45 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c45 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c45 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c45 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d8 y3c48 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d9 y3c48 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6da y3c48 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6db y3c48 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2ee\">Secured lending (<span class=\"_ _1\"></span>annual change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs2ef\"><table class=\"s w19f hf7\" id=\"_aea72aa5-bd72-4943-95e7-605d56b08e37\"><tr><td></td><td class=\"c n x6dc y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d8 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d9 y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6da y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6db y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2f0\">Consumer cr<span class=\"_ _1\"></span>edit (<span class=\"_ _1\"></span>annual change)<span class=\"_ _393\"> </span></div><div class=\"gs2f1\"><table class=\"s w19f hf6\" id=\"_92d72255-eb88-48a2-a9bb-dca09f0e3ca4\"><tr><td></td><td class=\"c n x6dc y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x525 y3c48 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.0)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e1 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e2 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e3 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs2f2\">30 September<span class=\"_ _1\"></span> 2024<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2f3\">GDP (y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span>-on-year<span class=\"_ _0\"></span> change)<span class=\"_ _393\"> </span></div><div class=\"gs2f4\"><table class=\"s w1a6 hf8\" id=\"_dbf15ed2-4d9f-4545-8591-ddf37a7e920a\"><tr><td></td><td class=\"c n x6dc y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w199 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w19a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c47 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c47 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c47 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c47 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c47 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1aa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.5)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ee y3c48 w1ab hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ef y3c48 w1aa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f0 y3c48 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f1 y3c48 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.8%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2f5\">HPI (year<span class=\"_ _1\"></span>-on-year<span class=\"_ _1\"></span> change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs2f6\"><table class=\"s w1ac hf8\" id=\"_2c66d79f-9d9c-4f4a-8594-758da25c2e02\"><tr><td></td><td class=\"c n x6dc y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f2 y3c45 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f3 y3c45 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d2 y3c45 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w199 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ce y3c65 w1aa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.4)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f4 y3c65 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f5 y3c65 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f6 y3c65 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f7 y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1aa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1.9)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f8 y3c48 w1ad hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(11.0)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f9 y3c48 w1ae hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(14.6)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fa y3c48 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fb y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.5%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2f7\">BBR (rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs2f8\"><table class=\"s w1a6 hf8\" id=\"_925ca029-bd26-4856-9067-4ee103e38a1f\"><tr><td></td><td class=\"c n x6dc y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w199 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c65 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c48 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fc y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fd y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fe y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2fa\">CPI (rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w1af hf9\" id=\"_55cd9f5e-e010-46fa-8eef-80d1d4a4bba0\"><tr><td></td><td class=\"c n x6b5 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a7 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">2.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c45 w1a7 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c45 w1a8 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c45 w1a8 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c45 w1a8 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c62 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c62 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c62 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c62 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c65 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c65 w1a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c65 w1a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ff y3c48 w160 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">11.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x700 y3c48 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x701 y3c48 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x702 y3c48 w1a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2fb\">Unemployment (<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs2ef\"><table class=\"s w1a6 hf9\" id=\"_adf78ef4-9832-45ad-af1b-a166fb7fadfc\"><tr><td></td><td class=\"c n x6b5 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c98 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c62 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c65 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c65 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c65 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c48 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fc y3c48 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">8.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fd y3c48 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fe y3c48 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.1%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2fc\">Secured lending (<span class=\"_ _1\"></span>annual change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span></div><div class=\"gs2f1\"><table class=\"s w1a6 hfa\" id=\"_4a21ccc2-e14d-49c6-ae4c-cdb35713c66f\"><tr><td></td><td class=\"c n x6b5 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c98 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c62 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ce y3c65 w1aa hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.5)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f4 y3c65 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f5 y3c65 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f6 y3c65 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f7 y3c65 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1aa hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ee y3c48 w1ab hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c48 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f3 y3c48 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d2 y3c48 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2fd\">Consumer cr<span class=\"_ _1\"></span>edit (<span class=\"_ _1\"></span>annual change)<span class=\"_ _393\"> </span></div><div class=\"gs2fe\"><table class=\"s w1a6 hfb\" id=\"_e9058e36-dbc3-466f-a5bb-f61963aaf62e\"><tr><td></td><td class=\"c n x6b5 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c98 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c98 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c98 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c98 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c62 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c62 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c62 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c62 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c65 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c48 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fc y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fd y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fe y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs2ff\">After<span class=\"_ _1\"></span> the end of<span class=\"_ _0\"></span> the initial five <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> period, the <span class=\"_ _1\"></span>final rate or<span class=\"_ _1\"></span> rate of<span class=\"_ _1\"></span> change (as appr<span class=\"_ _1\"></span>opriate<span class=\"_ _1\"></span>) is assumed to continue into <span class=\"_ _1\"></span>the futur<span class=\"_ _1\"></span>e in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs300\">each scenario<span class=\"_ _393\"> </span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs302\">T<span class=\"_ _0\"></span>o illustrate <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> non-linearity in <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>arious scenarios, the maximum and minimum quarterly<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els for<span class=\"_ _0\"></span> each variable ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs303\">five <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> period commencing on the balance sheet dat<span class=\"_ _1\"></span>e are set out<span class=\"_ _1\"></span> below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs304\">30 September<span class=\"_ _1\"></span> 2025<span class=\"_ _393\"> </span></div><div class=\"gs305\"><table class=\"s w1b0 hfc\" id=\"_ed43452d-3cff-4b1d-9a3f-f238fddccf8d\"><tr><td></td><td></td><td class=\"c n x703 y3c40 w1b1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x704 y3c40 w1b2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x705 y3c40 w1b3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x706 y3c40 w1b4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x707 y3c41 w1b5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x708 y3c41 w1b6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x709 y3c41 w1b5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70a y3c41 w1b6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x70b y3c41 w1b5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70c y3c41 w1b7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x70d y3c41 w1b5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70e y3c41 w1b7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x70f y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x710 y3c42 w1b9 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x711 y3c42 w1b9 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x712 y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x713 y3c42 w1ba hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x714 y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x715 y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x716 y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d30 ff49 fs4 fc1 sc0 ls0 ws0\">Economic driver<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c44 w1bb hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">GDP<span class=\"_ _393\"> </span></div></td><td class=\"c n x717 y3c44 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x718 y3c44 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x719 y3c44 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x71a y3c44 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x71b y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x71c y3c44 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x71d y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x71e y3c44 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w1bc hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">HPI<span class=\"_ _393\"> </span></div></td><td class=\"c n x71f y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x720 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x721 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x722 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x723 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x724 y3c4e w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x725 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x726 y3c4e w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w1bd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">BBR<span class=\"_ _393\"> </span></div></td><td class=\"c n x727 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x728 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x729 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x72a y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x72b y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x72c y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x72d y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x72e y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w1be hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CPI<span class=\"_ _393\"> </span></div></td><td class=\"c n x72f y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x730 y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x731 y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x732 y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x733 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x734 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x735 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x736 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w1bf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Unemployment<span class=\"_ _393\"> </span></div></td><td class=\"c n x737 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x738 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x739 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x73a y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x73b y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x73c y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x73d y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w1c0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Secured lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x73e y3c47 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x73f y3c47 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x740 y3c47 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x741 y3c47 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x742 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x743 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x744 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63f y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1c1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Consumer credit<span class=\"_ _393\"> </span></div></td><td class=\"c n x745 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x746 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x747 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x748 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x749 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x74a y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x74b y3c48 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.0)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs306\">30 September<span class=\"_ _1\"></span> 2024<span class=\"_ _393\"> </span></div><div class=\"gs307\"><table class=\"s w1c2 hfd\" id=\"_38eaa753-b68d-40cb-9430-e437fd4c7bb4\"><tr><td></td><td></td><td class=\"c n x703 y3ca3 w1b1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x704 y3ca3 w1b2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x705 y3ca3 w1b3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x706 y3ca3 w1b4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x707 y3cf3 w1b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x708 y3cf3 w1b6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x709 y3cf3 w1b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70a y3cf3 w1b6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x70b y3cf3 w1b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70c y3cf3 w1b7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x70d y3cf3 w1b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70e y3cf3 w1b7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x70f y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x710 y3d31 w1b9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x711 y3d31 w1b9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x712 y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x713 y3d31 w1ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x714 y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x715 y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x716 y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d32 ff49 fs4 fc1 sc0 ls0 ws0\">Economic driver<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w1bb hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">GDP<span class=\"_ _393\"> </span></div></td><td class=\"c n x717 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x74c y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x74d y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x65b y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x74e y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x74f y3c63 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x750 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x751 y3c63 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w1bc hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">HPI<span class=\"_ _393\"> </span></div></td><td class=\"c n x71f y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x752 y3c4e wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x753 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x754 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x755 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x756 y3c4e w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(4.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x757 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x50a y3c4e w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(15.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w1bd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">BBR<span class=\"_ _393\"> </span></div></td><td class=\"c n x727 y3c4f wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x758 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x759 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x75a y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x75b y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x75c y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x75d y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">9.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c4f w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w1be hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">CPI<span class=\"_ _393\"> </span></div></td><td class=\"c n x72f y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x75f y3c45 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x760 y3c45 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x761 y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x762 y3c45 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x763 y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x764 y3c45 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w1bf hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Unemployment<span class=\"_ _393\"> </span></div></td><td class=\"c n x737 y3c62 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x765 y3c62 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x766 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x767 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x733 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x768 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x769 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w1c0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Secured lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x73e y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x76b y3c65 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x76c y3c65 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x76d y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x76e y3c65 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x76f y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x770 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x771 y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1c1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Consumer credit<span class=\"_ _393\"> </span></div></td><td class=\"c n x745 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x73f y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x772 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x773 y3c48 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x774 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x775 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x776 y3c48 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x777 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs308\">The asymmetry<span class=\"_ _0\"></span> in the models is demonstrated by<span class=\"_ _1\"></span> comparing the calculated impairment pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>with that <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ould have been </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs309\">produced using <span class=\"_ _1\"></span>the central scenario alone, 100% w<span class=\"_ _1\"></span>eighted.<span class=\"_ _393\"> </span></div><div class=\"gs30a\"><table class=\"s w1c3 he1\" id=\"_6027d88d-e499-4d11-b7e3-e2e465a574c1\"><tr><td></td><td class=\"c n x3cb y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c43 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d33 ff4a fs4 fc1 sc0 ls0 ws0\">Provision using centr<span class=\"_ _1\"></span>al scenario 100% weight<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">54.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">39.7<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x778 y3c50 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">83.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x779 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w1c4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Calculated impairment pr<span class=\"_ _1\"></span>ovision<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3c47 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">87.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1c5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of multiple ec<span class=\"_ _1\"></span>onomic scenarios<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3c48 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs30c\">23. <span class=\"_ _29\"></span>Loan impairments \u2013 sensitivity<span class=\"_ _1\"></span> analysis<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs30d\">The calculation of<span class=\"_ _1\"></span> impairment pro<span class=\"_ _1\"></span>visions under IFRS 9 is subject <span class=\"_ _1\"></span>to a v<span class=\"_ _1\"></span>ariety o<span class=\"_ _1\"></span>f uncertainties arising <span class=\"_ _1\"></span>from assumptions, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecasts and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs30e\">expectations about futur<span class=\"_ _1\"></span>e ev<span class=\"_ _1\"></span>ents and conditions. <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>o illustrate <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> these uncertainties, sensitivity<span class=\"_ _1\"></span> calculations have been </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs30f\">performed f<span class=\"_ _1\"></span>or some of<span class=\"_ _0\"></span> the most significant.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs310\">These sensitivities are int<span class=\"_ _1\"></span>ended as mathematical illustrations of<span class=\"_ _1\"></span> the impacts of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>various assump<span class=\"_ _1\"></span>tions on the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s modelling. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs311\">They<span class=\"_ _1\"></span> do not necessarily<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esent alternativ<span class=\"_ _1\"></span>e potential impairment <span class=\"_ _1\"></span>values as other<span class=\"_ _1\"></span> fact<span class=\"_ _1\"></span>ors might also need to be consider<span class=\"_ _1\"></span>ed in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs312\">arriving at a final pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>figure if<span class=\"_ _1\"></span> circumstances diff<span class=\"_ _1\"></span>ered fr<span class=\"_ _1\"></span>om those at<span class=\"_ _1\"></span> the balance sheet date.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs313\">Economic conditions<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs314\">T<span class=\"_ _0\"></span>o illustrate <span class=\"_ _1\"></span>the potential impact o<span class=\"_ _1\"></span>f differing <span class=\"_ _1\"></span>future economic scenarios on <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal impairment, the pr<span class=\"_ _1\"></span>ovisions <span class=\"_ _1\"></span>which would be </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs315\">calculated if each o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the economic scenarios wer<span class=\"_ _0\"></span>e 100% weighted are sho<span class=\"_ _1\"></span>wn below:<span class=\"_ _393\"> </span></div><div class=\"gs316\"><table class=\"s w1c6 hde\" id=\"_5bc495c9-f440-4c3e-b67c-5a78a1568b6b\"><tr><td></td><td></td><td class=\"c n x1a7 y3c63 w1c7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Scenario<span class=\"_ _29c\"> </span>2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x77a y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x77b y3c4e w1c8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Provision<span class=\"_ _393\"> </span></div></td><td class=\"c n x77c y3c4e w1c9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Difference<span class=\"_ _393\"> </span></div></td><td class=\"c n x77d y3c4e w1ca hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pro<span class=\"_ _1\"></span>vision<span class=\"_ _393\"> </span></div></td><td class=\"c n x77e y3c4e w1cb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Dif<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ence<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c4f w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c4f w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c4f w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w1cc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central<span class=\"_ _393\"> </span></div></td><td class=\"c n x781 y3c45 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">83.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x782 y3c45 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x783 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x784 y3c45 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(5.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w1cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c62 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">80.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x786 y3c62 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x787 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">68.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x788 y3c62 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w1ce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">89.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x78a y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe<span class=\"_ _393\"> </span></div></td><td class=\"c n x78b y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">112.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x78c y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x78d y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.9<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs317\">The w<span class=\"_ _1\"></span>eighted av<span class=\"_ _1\"></span>erage of<span class=\"_ _1\"></span> these 100% <span class=\"_ _1\"></span>weighted pr<span class=\"_ _1\"></span>ovisions need not equal <span class=\"_ _1\"></span>the w<span class=\"_ _1\"></span>eighted av<span class=\"_ _1\"></span>erage E<span class=\"_ _1\"></span>CL due <span class=\"_ _1\"></span>to the impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the differing </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs318\">PDs on staging. </div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws49 gs319\">Scenario weightings<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs31a\">In order<span class=\"_ _1\"></span> to illustr<span class=\"_ _1\"></span>ate the impact o<span class=\"_ _1\"></span>f scenario <span class=\"_ _1\"></span>weightings on the out<span class=\"_ _1\"></span>comes, the impairment pr<span class=\"_ _1\"></span>ovision r<span class=\"_ _1\"></span>equirements <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e sensitised </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs31b\">using alternative <span class=\"_ _1\"></span>weightings. Sensitivity<span class=\"_ _1\"></span> A<span class=\"_ _0\"></span> is based on the weightings used at IFRS 9 tr<span class=\"_ _1\"></span>ansition on 1 October 2018. <span class=\"_ _0\"></span>The use of the 2018 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs31c\">weighting is intended <span class=\"_ _1\"></span>to repr<span class=\"_ _1\"></span>esent a mor<span class=\"_ _1\"></span>e settled outlook than has been e<span class=\"_ _1\"></span>vident at any<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the most r<span class=\"_ _1\"></span>ecent <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ends. Sensitivity B is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs31d\">based on the <span class=\"_ _1\"></span>weightings used at <span class=\"_ _1\"></span>the pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ear end, <span class=\"_ _1\"></span>to demonstrate <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> the adoption of<span class=\"_ _1\"></span> the ne<span class=\"_ _1\"></span>w <span class=\"_ _1\"></span>weightings.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs31e\">The w<span class=\"_ _1\"></span>eightings used, and the r<span class=\"_ _1\"></span>esults of<span class=\"_ _1\"></span> applying these sensitivities t<span class=\"_ _1\"></span>o the 30 September<span class=\"_ _1\"></span> 2025 scenarios ar<span class=\"_ _1\"></span>e set out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs31f\"><table class=\"s w1d0 hf8\" id=\"_e33367ad-5fc7-4c99-989f-19d411e5f7ba\"><tr><td></td><td></td><td class=\"c n x632 y3d2e w1d1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>eighting<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x78e y3d2e w1d2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n x78f y3d2e w1c9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Difference<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x790 y3d34 w1d3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Central<span class=\"_ _393\"> </span></div></td><td class=\"c n x791 y3d34 w1d4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Upside<span class=\"_ _393\"> </span></div></td><td class=\"c n x792 y3d34 w1d5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Downside<span class=\"_ _393\"> </span></div></td><td class=\"c n x793 y3d34 w1cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Severe<span class=\"_ _393\"> </span></div></td><td class=\"c n x794 y3d34 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x795 y3d34 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w1d6 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">As reported<span class=\"_ _393\"> </span></div></td><td class=\"c n x796 y3c62 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x797 y3c62 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x798 y3c62 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x799 y3c62 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x79a y3c62 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">87.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x79b y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w1d7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Sensitivity A<span class=\"_ _393\"> </span></div></td><td class=\"c n x79c y3c65 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">40%<span class=\"_ _393\"> </span></div></td><td class=\"c n x79d y3c65 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x79e y3c65 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">25%<span class=\"_ _393\"> </span></div></td><td class=\"c n x79f y3c65 w1d8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a0 y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">85.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x404 y3c65 w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1d9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Sensitivity B<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a1 y3c48 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">45%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a2 y3c48 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a3 y3c48 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a4 y3c48 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a5 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">89.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a6 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs320\">Significant increase in credit risk<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs321\">The most important driv<span class=\"_ _1\"></span>er of<span class=\"_ _1\"></span> SICR is r<span class=\"_ _1\"></span>elative PD<span class=\"_ _1\"></span>. If all PDs acr<span class=\"_ _1\"></span>oss the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s principal buy-to-let mortgag<span class=\"_ _1\"></span>e book w<span class=\"_ _1\"></span>ere incr<span class=\"_ _1\"></span>eased by<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs322\">10%, loans with a gr<span class=\"_ _1\"></span>oss v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> \u00a322.3m would <span class=\"_ _1\"></span>transfer<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om Stage 1 <span class=\"_ _1\"></span>to Stage 2 (2024: \u00a344<span class=\"_ _1\"></span>.4m), and <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal pro<span class=\"_ _1\"></span>vision would incr<span class=\"_ _1\"></span>ease </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs323\">by<span class=\"_ _1\"></span> \u00a30.2m <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the combined effects of<span class=\"_ _1\"></span> higher PDs on e<span class=\"_ _1\"></span>xpected losses and the impact o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>oviding f<span class=\"_ _1\"></span>or e<span class=\"_ _1\"></span>xpected lifetime losses, rather<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs324\">than 12-month losses on <span class=\"_ _1\"></span>the additional Stage 2 cases (2024: \u00a30<span class=\"_ _1\"></span>.3m).<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs325\">V<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> security<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs326\">The principal assumptions impacting on L<span class=\"_ _0\"></span>GD are the estimated security<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues. If <span class=\"_ _1\"></span>the rate of<span class=\"_ _1\"></span> gro<span class=\"_ _1\"></span>wth in house prices assumed by<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs327\">model after <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>orecast minimum <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e halved, ignoring any<span class=\"_ _1\"></span> PD effects, <span class=\"_ _1\"></span>then the pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s first and second mortg<span class=\"_ _1\"></span>age </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs328\">assets under <span class=\"_ _1\"></span>the central scenario <span class=\"_ _1\"></span>would increase b<span class=\"_ _1\"></span>y \u00a30<span class=\"_ _0\"></span>.8m (2024: \u00a30.5m).<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs329\">Receiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs32a\">The majority o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent cases, <span class=\"_ _1\"></span>which are included in S<span class=\"_ _1\"></span>tage 3, are manag<span class=\"_ _1\"></span>ed long-term and <span class=\"_ _1\"></span>there<span class=\"_ _1\"></span>fore <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> assumed realisation </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs32b\">date has an important impact on <span class=\"_ _1\"></span>the provision calculation. If<span class=\"_ _0\"></span> the assumed rate of r<span class=\"_ _0\"></span>ealisations was increased b<span class=\"_ _1\"></span>y 20%, <span class=\"_ _1\"></span>the impairment </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs32c\">pro<span class=\"_ _1\"></span>vision in the central scenario <span class=\"_ _1\"></span>would incr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a30.3m (2024: \u00a30<span class=\"_ _1\"></span>.4m<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span></div>29<span class=\"_ _1\"></span>. Goodwill<span class=\"_ _393\"> </span>The goodwill carried in <span class=\"_ _1\"></span>the accounts is attributable to <span class=\"_ _1\"></span>two cash gener<span class=\"_ _1\"></span>ating units (\u2018CGU\u2019<span class=\"_ _0\"></span>s), which hav<span class=\"_ _1\"></span>e not changed in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. These balances are r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed f<span class=\"_ _1\"></span>or impairment<span class=\"_ _1\"></span> annually<span class=\"_ _1\"></span>, in accordance <span class=\"_ _1\"></span>with the r<span class=\"_ _1\"></span>equirements o<span class=\"_ _1\"></span>f IAS 36 \u2013 \u2018Impairment<span class=\"_ _1\"></span> of <span class=\"_ _0\"></span>Assets\u2019<span class=\"_ _e\"></span>. The balance is as analysed below:<span class=\"_ _393\"> </span><table class=\"s we5 he0\" id=\"_fdb42f61-c063-4b93-ba30-e7408de2cb90\"><tr><td></td><td class=\"c n x3cb y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d94 ff49 fs4 fc1 sc0 ls16 ws8d\">CGU<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 w233 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">SME lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c50 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">113.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c50 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">113.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w126 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Development finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c47 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">49.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c47 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td></tr></table>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>SME <span class=\"_ _33\"></span>lending<span class=\"_ _393\"> </span>The goodwill carried in <span class=\"_ _1\"></span>the accounts relating <span class=\"_ _1\"></span>to the SME lending CGU w<span class=\"_ _1\"></span>as recognised on acquisitions in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ears ended 30 September<span class=\"_ _1\"></span> 2016 and 30 September<span class=\"_ _1\"></span> 2018.<span class=\"_ _393\"> </span>An impairment re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> undertaken at 30 Sep<span class=\"_ _1\"></span>tember 2025 indicat<span class=\"_ _1\"></span>ed that no <span class=\"_ _1\"></span>write down <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>equired.<span class=\"_ _393\"> </span>The reco<span class=\"_ _1\"></span>verable amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the SME lending CGU used in this impairment t<span class=\"_ _1\"></span>esting is determined on a v<span class=\"_ _1\"></span>alue in use basis using pre-<span class=\"_ _1\"></span>tax cash flow<span class=\"_ _1\"></span> projections based on <span class=\"_ _1\"></span>financial budgets appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Boar<span class=\"_ _1\"></span>d in November<span class=\"_ _1\"></span> 2025 cov<span class=\"_ _1\"></span>ering a fiv<span class=\"_ _1\"></span>e-year<span class=\"_ _1\"></span> period. The ke<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> assumptions underlying the <span class=\"_ _1\"></span>value in use calculation <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the SME lending CGU are:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f business activity<span class=\"_ _0\"></span>, based on management expectations. <span class=\"_ _1\"></span>The for<span class=\"_ _1\"></span>ecast assumes a compound annual gr<span class=\"_ _1\"></span>owth rate (\u2018CA<span class=\"_ _1\"></span>GR\u2019) f<span class=\"_ _1\"></span>or new<span class=\"_ _1\"></span> lending over<span class=\"_ _0\"></span> the five-y<span class=\"_ _1\"></span>ear period o<span class=\"_ _1\"></span>f 13.<span class=\"_ _1\"></span>6%, compared <span class=\"_ _1\"></span>with 11.7% used in the calculation at 30 Sep<span class=\"_ _1\"></span>tember 202<span class=\"_ _1\"></span>4. <span class=\"_ _1\"></span>The new<span class=\"_ _1\"></span> lending for<span class=\"_ _1\"></span>ecasts are <span class=\"_ _1\"></span>the ke<span class=\"_ _1\"></span>y driv<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the pr<span class=\"_ _1\"></span>ofit and cashflow<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span>ecasts. Cash flo<span class=\"_ _1\"></span>ws bey<span class=\"_ _1\"></span>ond the <span class=\"_ _1\"></span>five-y<span class=\"_ _1\"></span>ear budg<span class=\"_ _1\"></span>et ar<span class=\"_ _1\"></span>e extrapolated using a constant gro<span class=\"_ _1\"></span>wth rate of<span class=\"_ _1\"></span> 1.3% (2024: 1.2%) which does no<span class=\"_ _1\"></span>t exceed <span class=\"_ _1\"></span>the long-<span class=\"_ _1\"></span>term aver<span class=\"_ _1\"></span>age gro<span class=\"_ _1\"></span>wth rates f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the marke<span class=\"_ _1\"></span>ts in which the business is active <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>Management concluded that <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of activity<span class=\"_ _0\"></span> assumed for <span class=\"_ _1\"></span>the purpose of <span class=\"_ _1\"></span>this f<span class=\"_ _1\"></span>orecast ar<span class=\"_ _1\"></span>e reasonable, based on past experience and the curr<span class=\"_ _1\"></span>ent economic envir<span class=\"_ _1\"></span>onment<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Discount rate, <span class=\"_ _1\"></span>which is based on thir<span class=\"_ _1\"></span>d-party estimat<span class=\"_ _1\"></span>es of <span class=\"_ _1\"></span>the implied industry cost o<span class=\"_ _1\"></span>f capital. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>e-tax discount rat<span class=\"_ _1\"></span>e applied to the cash flow<span class=\"_ _1\"></span> projection is 15.<span class=\"_ _1\"></span>9% (2024: 16.5%)<span class=\"_ _393\"> </span>As an illustration of<span class=\"_ _1\"></span> the sensitivity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> this impairment <span class=\"_ _1\"></span>test to mo<span class=\"_ _1\"></span>vements in k<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span> assumptions, the Gr<span class=\"_ _0\"></span>oup has calculated that a 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined with an 18.5% r<span class=\"_ _1\"></span>eduction in pro<span class=\"_ _1\"></span>fit lev<span class=\"_ _1\"></span>els w<span class=\"_ _1\"></span>ould eliminate the pr<span class=\"_ _1\"></span>ojected headroom o<span class=\"_ _1\"></span>f \u00a3112.8m. Such mov<span class=\"_ _1\"></span>ements are not<span class=\"_ _1\"></span> expected by<span class=\"_ _1\"></span> management. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined <span class=\"_ _1\"></span>with an 20.<span class=\"_ _1\"></span>7% reduction in pr<span class=\"_ _1\"></span>ofit le<span class=\"_ _1\"></span>vels w<span class=\"_ _1\"></span>ould generate a <span class=\"_ _1\"></span>write down of \u00a310<span class=\"_ _0\"></span>.0m.<span class=\"_ _393\"> </span>In the <span class=\"_ _1\"></span>testing carried out at 30 September<span class=\"_ _1\"></span> 2024, a 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0% growth r<span class=\"_ _1\"></span>ate combined with an 19<span class=\"_ _1\"></span>.8% r<span class=\"_ _1\"></span>eduction in profit le<span class=\"_ _1\"></span>vels, <span class=\"_ _1\"></span>would hav<span class=\"_ _1\"></span>e eliminated the pr<span class=\"_ _1\"></span>ojected headr<span class=\"_ _1\"></span>oom at that date o<span class=\"_ _1\"></span>f \u00a391.<span class=\"_ _1\"></span>7m. A<span class=\"_ _0\"></span> 0.0% gr<span class=\"_ _1\"></span>owth rate combined <span class=\"_ _1\"></span>with a 22.6% r<span class=\"_ _1\"></span>eduction in pro<span class=\"_ _1\"></span>fit lev<span class=\"_ _1\"></span>els would have g<span class=\"_ _1\"></span>enerated a writ<span class=\"_ _1\"></span>e down of<span class=\"_ _1\"></span> \u00a310.<span class=\"_ _1\"></span>0m.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>Development <span class=\"_ _33\"></span>finance<span class=\"_ _393\"> </span>The goodwill carried in <span class=\"_ _1\"></span>the accounts relating <span class=\"_ _1\"></span>to the de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance CGU w<span class=\"_ _1\"></span>as first r<span class=\"_ _1\"></span>ecognised on a business acquisition in the year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2018. An impairment re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> undertaken at 30 Sep<span class=\"_ _1\"></span>tember 2025 indicat<span class=\"_ _1\"></span>ed that no <span class=\"_ _1\"></span>write down <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>equired.<span class=\"_ _393\"> </span>The reco<span class=\"_ _1\"></span>verable amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment finance CGU used in <span class=\"_ _1\"></span>this impairment testing is de<span class=\"_ _1\"></span>termined on a v<span class=\"_ _1\"></span>alue in use basis using pre-<span class=\"_ _1\"></span>tax cash flow<span class=\"_ _1\"></span> projections based on <span class=\"_ _1\"></span>financial budgets appr<span class=\"_ _1\"></span>oved b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Board in No<span class=\"_ _1\"></span>vember<span class=\"_ _1\"></span> 2025 cov<span class=\"_ _1\"></span>ering a five-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> period. The ke<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> assumptions underlying the <span class=\"_ _1\"></span>value in use calculation <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment finance CGU ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f business activity<span class=\"_ _0\"></span>, based on management expectations. <span class=\"_ _1\"></span>The for<span class=\"_ _1\"></span>ecast assumes a CA<span class=\"_ _1\"></span>GR for<span class=\"_ _1\"></span> draw<span class=\"_ _1\"></span>downs ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the fiv<span class=\"_ _1\"></span>e-year<span class=\"_ _0\"></span> period of 12.5%, compar<span class=\"_ _0\"></span>ed with 15.6% used in the calculation at 30 Sep<span class=\"_ _1\"></span>tember 2024<span class=\"_ _1\"></span>. Cash flo<span class=\"_ _1\"></span>ws bey<span class=\"_ _1\"></span>ond the <span class=\"_ _1\"></span>five-y<span class=\"_ _1\"></span>ear budg<span class=\"_ _1\"></span>et ar<span class=\"_ _1\"></span>e extrapolated using a constant gr<span class=\"_ _1\"></span>owth rat<span class=\"_ _1\"></span>e of 1.3% (2024: 1.2%) <span class=\"_ _1\"></span>which does not ex<span class=\"_ _1\"></span>ceed the long<span class=\"_ _1\"></span>-term a<span class=\"_ _1\"></span>verage gr<span class=\"_ _1\"></span>owth rat<span class=\"_ _1\"></span>e for<span class=\"_ _1\"></span> the UK economy <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>Management concluded that <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of activity<span class=\"_ _0\"></span> assumed for <span class=\"_ _1\"></span>the purpose of <span class=\"_ _1\"></span>this f<span class=\"_ _1\"></span>orecast ar<span class=\"_ _1\"></span>e reasonable, based on past experience and the curr<span class=\"_ _1\"></span>ent economic envir<span class=\"_ _1\"></span>onment<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Discount rate, <span class=\"_ _1\"></span>which is based on thir<span class=\"_ _1\"></span>d party estimat<span class=\"_ _1\"></span>es of <span class=\"_ _1\"></span>the implied industry cost o<span class=\"_ _1\"></span>f capital. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>e-tax discount rat<span class=\"_ _1\"></span>e applied to the cash flow<span class=\"_ _1\"></span> projection is 15.<span class=\"_ _1\"></span>9% (2024: 16.4%)<span class=\"_ _393\"> </span>As an illustration of<span class=\"_ _1\"></span> the sensitivity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> this impairment <span class=\"_ _1\"></span>test to mo<span class=\"_ _1\"></span>vements in k<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span> assumptions, the Gr<span class=\"_ _0\"></span>oup has calculated that a 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined with a 13.3% r<span class=\"_ _1\"></span>eduction in pro<span class=\"_ _1\"></span>fit lev<span class=\"_ _1\"></span>els w<span class=\"_ _1\"></span>ould eliminate the pr<span class=\"_ _1\"></span>ojected headroom o<span class=\"_ _1\"></span>f \u00a368.4m. Such mo<span class=\"_ _1\"></span>vements ar<span class=\"_ _1\"></span>e not expected b<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement. A<span class=\"_ _0\"></span> 0.0% gr<span class=\"_ _1\"></span>owth rate combined <span class=\"_ _1\"></span>with a 16.3% reduction in pr<span class=\"_ _1\"></span>ofit le<span class=\"_ _1\"></span>vels <span class=\"_ _1\"></span>would generat<span class=\"_ _1\"></span>e a write do<span class=\"_ _1\"></span>wn of \u00a310<span class=\"_ _0\"></span>.0m.<span class=\"_ _393\"> </span>In the <span class=\"_ _1\"></span>testing carried out at 30 September<span class=\"_ _1\"></span> 2024 a 0<span class=\"_ _1\"></span>.0% gr<span class=\"_ _1\"></span>owth rate combined <span class=\"_ _1\"></span>with a 9<span class=\"_ _1\"></span>.5% reduction in pr<span class=\"_ _1\"></span>ofit le<span class=\"_ _1\"></span>vels w<span class=\"_ _1\"></span>ould have eliminated the pr<span class=\"_ _1\"></span>ojected headr<span class=\"_ _1\"></span>oom at that date o<span class=\"_ _1\"></span>f \u00a353.2m. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined <span class=\"_ _1\"></span>with a 12.<span class=\"_ _1\"></span>1% reduction in pr<span class=\"_ _1\"></span>ofit <span class=\"_ _1\"></span>would hav<span class=\"_ _1\"></span>e generated a <span class=\"_ _1\"></span>write down of<span class=\"_ _0\"></span> \u00a310.0m.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-418": {
   "value": "18. <span class=\"_ _a\"> </span>Impairment provisions on loans <span class=\"_ _0\"></span>to customers<span class=\"_ _393\"> </span>The f<span class=\"_ _1\"></span>ollowing notes set out<span class=\"_ _1\"></span> information on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s impairment provisioning under<span class=\"_ _1\"></span> IFRS 9 for<span class=\"_ _1\"></span> the loans <span class=\"_ _1\"></span>to customers balances set out in note 16, including both <span class=\"_ _1\"></span>finance leases, accounted for<span class=\"_ _0\"></span> under IFRS 16, and loans held at amortised cost, accounted for<span class=\"_ _1\"></span> under IFRS 9<span class=\"_ _1\"></span>, as both groups o<span class=\"_ _1\"></span>f assets ar<span class=\"_ _1\"></span>e subject t<span class=\"_ _1\"></span>o the IFRS 9 impairment requir<span class=\"_ _1\"></span>ements. The disclosures ar<span class=\"_ _1\"></span>e set out <span class=\"_ _1\"></span>within the <span class=\"_ _1\"></span>following not<span class=\"_ _1\"></span>es:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>19  Loan impairments \u2013 Basis of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>20 <span class=\"_ _2\"></span>Loan impairments b<span class=\"_ _1\"></span>y stag<span class=\"_ _1\"></span>e and division<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>21 <span class=\"_ _190\"> </span>Loan impairments \u2013 Pr<span class=\"_ _1\"></span>ovision mo<span class=\"_ _1\"></span>vements in the <span class=\"_ _0\"></span>year<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>22 <span class=\"_ _33\"></span>Loan impairments \u2013 E<span class=\"_ _1\"></span>conomic inputs to calculations<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>23 <span class=\"_ _33\"></span>L<span class=\"_ _1\"></span>oan impairments \u2013 Sensitivity analy<span class=\"_ _1\"></span>sis<span class=\"_ _393\"> </span>The impact on the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s profit and loss account <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> is set out in note 10<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>19<span class=\"_ _1\"></span>. <span class=\"_ _135\"> </span>Loan impairment \u2013 basis of<span class=\"_ _0\"></span> provisions<span class=\"_ _393\"> </span>IFRS 9 requires <span class=\"_ _1\"></span>that impairment is e<span class=\"_ _1\"></span>valuated on an expect<span class=\"_ _1\"></span>ed credit loss (\u2018E<span class=\"_ _1\"></span>CL<span class=\"_ _e\"></span>\u2019) basis. ECLs are based on an assessment<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the probability<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> default (\u2018PD\u2019) and loss given de<span class=\"_ _1\"></span>fault (\u2018L<span class=\"_ _1\"></span>GD\u2019), discounted t<span class=\"_ _1\"></span>o give a net pr<span class=\"_ _1\"></span>esent <span class=\"_ _1\"></span>value. <span class=\"_ _1\"></span>The estimation of<span class=\"_ _1\"></span> ECL<span class=\"_ _1\"></span> should be unbiased and probability<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>eighted, considering all reasonable and supportable inf<span class=\"_ _1\"></span>ormation, including forw<span class=\"_ _1\"></span>ard-looking economic assumptions and a range o<span class=\"_ _1\"></span>f possible outcomes. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>ovision may<span class=\"_ _0\"></span> be based on either twelv<span class=\"_ _1\"></span>e month or lif<span class=\"_ _1\"></span>etime ECL, dependent on whether an account<span class=\"_ _1\"></span> has experienced a significant increase in cr<span class=\"_ _1\"></span>edit risk (\u2018SICR\u2019). The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s process <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> determining its pro<span class=\"_ _1\"></span>visions for<span class=\"_ _0\"></span> impairments is summarised below. <span class=\"_ _1\"></span>This includes:<span class=\"_ _393\"> </span>i. <span class=\"_ _11\"> </span> <span class=\"_ _b2\"> </span>The methods used for <span class=\"_ _1\"></span>the calculation of<span class=\"_ _1\"></span> ECL<span class=\"_ _393\"> </span>ii. <span class=\"_ _ce\"> </span> <span class=\"_ _34\"> </span>How it de<span class=\"_ _1\"></span>fines SICR<span class=\"_ _393\"> </span>iii.   <span class=\"_ _b4\"> </span>How it defines default iv<span class=\"_ _1\"></span>.   <span class=\"_ _b4\"> </span>How it identifies <span class=\"_ _1\"></span>which loans are cr<span class=\"_ _1\"></span>edit impaired, as de<span class=\"_ _1\"></span>fined by IFRS 9<span class=\"_ _393\"> </span>v<span class=\"_ _1\"></span>. <span class=\"_ _ce\"> </span> <span class=\"_ _34\"> </span>How <span class=\"_ _1\"></span>the E<span class=\"_ _1\"></span>CL estimation pr<span class=\"_ _1\"></span>ocess is monitored and contr<span class=\"_ _1\"></span>olled<span class=\"_ _393\"> </span>vi. <span class=\"_ _b6\"> </span> <span class=\"_ _b4\"> </span>How the Gr<span class=\"_ _1\"></span>oup dev<span class=\"_ _1\"></span>elops and enhances the models it uses in <span class=\"_ _1\"></span>the ECL<span class=\"_ _0\"></span> estimation process<span class=\"_ _393\"> </span>vii. <span class=\"_ _0\"></span> <span class=\"_ _b2\"> </span>How the Gr<span class=\"_ _1\"></span>oup uses judgemental adjustments t<span class=\"_ _1\"></span>o ensure all elements of<span class=\"_ _1\"></span> credit<span class=\"_ _1\"></span> risk are <span class=\"_ _1\"></span>fully addr<span class=\"_ _1\"></span>essed<span class=\"_ _393\"> </span>viii. <span class=\"_ _b4\"> </span>How<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup assesses the po<span class=\"_ _1\"></span>tential for<span class=\"_ _1\"></span> climate change <span class=\"_ _1\"></span>to impact on its impairment analy<span class=\"_ _1\"></span>sis<span class=\"_ _393\"> </span>i) <span class=\"_ _d6\"> </span> <span class=\"_ _b2\"> </span>Calculation of e<span class=\"_ _1\"></span>xpected credit loss (\u2018ECL<span class=\"_ _14\"></span>\u2019)<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or the majority<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s loan assets, the E<span class=\"_ _1\"></span>CL<span class=\"_ _1\"></span> is generated using statistical models applied <span class=\"_ _1\"></span>to account data t<span class=\"_ _1\"></span>o generate PD and L<span class=\"_ _1\"></span>GD components. In determining f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>which portfolios a statistically<span class=\"_ _1\"></span> modelled approach is appr<span class=\"_ _1\"></span>opriate, the Gr<span class=\"_ _1\"></span>oup considers <span class=\"_ _1\"></span>the volume of<span class=\"_ _1\"></span> av<span class=\"_ _1\"></span>ailable data and the le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> similarity o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the credit char<span class=\"_ _1\"></span>acteristics of <span class=\"_ _1\"></span>the underlying accounts.<span class=\"_ _393\"> </span>PD on both a tw<span class=\"_ _1\"></span>elve month and lifetime basis is estimat<span class=\"_ _1\"></span>ed based on statistical models for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s most significant asset classes. The PD calculation is a function of<span class=\"_ _0\"></span> current asset performance, customer<span class=\"_ _1\"></span> information and <span class=\"_ _1\"></span>future economic assumptions. <span class=\"_ _1\"></span>The models wer<span class=\"_ _1\"></span>e developed <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>the analysis o<span class=\"_ _1\"></span>f corr<span class=\"_ _1\"></span>elation in historic data, which identified <span class=\"_ _1\"></span>which current and hist<span class=\"_ _1\"></span>orical customer attribut<span class=\"_ _1\"></span>es and external economic <span class=\"_ _1\"></span>variables <span class=\"_ _1\"></span>were pr<span class=\"_ _1\"></span>edictive o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>future loss. PD measur<span class=\"_ _1\"></span>es are calculated <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the full contr<span class=\"_ _1\"></span>actual lives of<span class=\"_ _1\"></span> loans with the models deriving probabilities <span class=\"_ _1\"></span>that, at a given <span class=\"_ _1\"></span>future date, a loan <span class=\"_ _1\"></span>will be in default, performing or<span class=\"_ _1\"></span> closed. <span class=\"_ _1\"></span>The Group utilised all reasonably<span class=\"_ _1\"></span> av<span class=\"_ _1\"></span>ailable information in its possession f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>this exer<span class=\"_ _1\"></span>cise.<span class=\"_ _393\"> </span>L<span class=\"_ _1\"></span>GD for<span class=\"_ _0\"></span> each account is derived by calculating a <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> exposure at<span class=\"_ _1\"></span> the point of<span class=\"_ _1\"></span> default (<span class=\"_ _1\"></span>which will include consider<span class=\"_ _1\"></span>ation of <span class=\"_ _1\"></span>future interest, account char<span class=\"_ _1\"></span>ges and r<span class=\"_ _1\"></span>eceipts) and r<span class=\"_ _1\"></span>educing this <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> security <span class=\"_ _1\"></span>values, net o<span class=\"_ _1\"></span>f lik<span class=\"_ _1\"></span>ely costs o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>ery<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>hese calculations allow<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s potential case manag<span class=\"_ _1\"></span>ement activities, including the use of<span class=\"_ _1\"></span> receiv<span class=\"_ _1\"></span>ers of<span class=\"_ _1\"></span> rent in buy<span class=\"_ _1\"></span>-to-let cases. <span class=\"_ _0\"></span>This evaluation includes the potential impact<span class=\"_ _1\"></span> of economic conditions at<span class=\"_ _1\"></span> the time o<span class=\"_ _1\"></span>f any<span class=\"_ _0\"></span> future default or<span class=\"_ _1\"></span> enfor<span class=\"_ _1\"></span>cement. T<span class=\"_ _1\"></span>he derivation of<span class=\"_ _1\"></span> the significant assumptions used in these calculations is discussed belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>In certain asset classes a fully<span class=\"_ _1\"></span> modelled approach is no<span class=\"_ _1\"></span>t possible. T<span class=\"_ _1\"></span>his is generally<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>e are <span class=\"_ _1\"></span>few<span class=\"_ _1\"></span> assets in <span class=\"_ _1\"></span>the class, wher<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>e is insufficient historical data on which <span class=\"_ _1\"></span>to base an analysis or<span class=\"_ _0\"></span> where certain measures, such as da<span class=\"_ _1\"></span>ys past due ar<span class=\"_ _1\"></span>e not useful (including cases wher<span class=\"_ _1\"></span>e the loan agr<span class=\"_ _1\"></span>eement does not r<span class=\"_ _1\"></span>equire r<span class=\"_ _1\"></span>egular pa<span class=\"_ _1\"></span>yments of<span class=\"_ _1\"></span> pre-determined amounts<span class=\"_ _1\"></span>). In these cases, <span class=\"_ _1\"></span>which repr<span class=\"_ _1\"></span>esent a small proportion of<span class=\"_ _0\"></span> the total portfolio<span class=\"_ _1\"></span>, alternative appr<span class=\"_ _1\"></span>oaches are adopt<span class=\"_ _1\"></span>ed. These r<span class=\"_ _1\"></span>ely<span class=\"_ _1\"></span> on internal cost monitoring practices and prof<span class=\"_ _1\"></span>essional credit judg<span class=\"_ _1\"></span>ement. F<span class=\"_ _0\"></span>or each of <span class=\"_ _1\"></span>these portfolios, minimum pr<span class=\"_ _1\"></span>ovision le<span class=\"_ _1\"></span>vels ar<span class=\"_ _1\"></span>e set based on ov<span class=\"_ _1\"></span>erall performance <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the asset class and the risk<span class=\"_ _1\"></span> appetites informing underwriting pr<span class=\"_ _1\"></span>ocesses.<span class=\"_ _393\"> </span>The largest<span class=\"_ _1\"></span> portfolio wher<span class=\"_ _1\"></span>e a fully<span class=\"_ _1\"></span> modelled approach is no<span class=\"_ _1\"></span>t tak<span class=\"_ _1\"></span>en is the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s development finance book, <span class=\"_ _1\"></span>which has a relativ<span class=\"_ _1\"></span>ely low number<span class=\"_ _0\"></span> of cases (ar<span class=\"_ _1\"></span>ound 250) and a low<span class=\"_ _1\"></span> incidence of<span class=\"_ _1\"></span> historical losses on which <span class=\"_ _1\"></span>to base a model. F<span class=\"_ _0\"></span>or this portf<span class=\"_ _1\"></span>olio the impairment pro<span class=\"_ _1\"></span>vision is based on the output of<span class=\"_ _1\"></span> internal case-b<span class=\"_ _1\"></span>y-case monitoring, performed <span class=\"_ _1\"></span>within the business and subject<span class=\"_ _1\"></span> to a pr<span class=\"_ _1\"></span>ocess of challenge by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>finance and credit risk<span class=\"_ _1\"></span> functions.<span class=\"_ _393\"> </span>Notwithstanding the mechanical pr<span class=\"_ _1\"></span>ocedures discussed abo<span class=\"_ _1\"></span>ve, <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>will alway<span class=\"_ _1\"></span>s consider <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>ocess generates sufficient pro<span class=\"_ _1\"></span>vision for<span class=\"_ _0\"></span> particular loans, especially larg<span class=\"_ _1\"></span>e exposures, and <span class=\"_ _1\"></span>will pro<span class=\"_ _1\"></span>vide additional amounts as appropriate.<span class=\"_ _393\"> </span>In extreme or<span class=\"_ _0\"></span> unprecedented economic conditions, it is likely<span class=\"_ _1\"></span> that mechanical models <span class=\"_ _1\"></span>will be less predictiv<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> outcomes as the historical data used for<span class=\"_ _0\"></span> modelling will be insufficiently r<span class=\"_ _1\"></span>epresentativ<span class=\"_ _1\"></span>e of conditions at <span class=\"_ _1\"></span>the balance sheet date. <span class=\"_ _1\"></span>This may<span class=\"_ _0\"></span> be the case where economic indicators at<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>eporting date and futur<span class=\"_ _1\"></span>e expectations f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>those indicators lie outside the r<span class=\"_ _1\"></span>ange of<span class=\"_ _1\"></span> the observ<span class=\"_ _1\"></span>ations used to construct <span class=\"_ _1\"></span>the models. In such circumstances, manag<span class=\"_ _1\"></span>ement care<span class=\"_ _1\"></span>fully r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>w all outputs <span class=\"_ _1\"></span>to ensure pr<span class=\"_ _1\"></span>ovision is adequate.<span class=\"_ _393\"> </span>During the financial <span class=\"_ _0\"></span>year the economic en<span class=\"_ _1\"></span>vironment in <span class=\"_ _1\"></span>the UK r<span class=\"_ _1\"></span>emained relativ<span class=\"_ _1\"></span>ely stable, albeit <span class=\"_ _1\"></span>with inter<span class=\"_ _1\"></span>est rates at <span class=\"_ _1\"></span>far higher<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els than had been seen for<span class=\"_ _1\"></span> much of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>ten y<span class=\"_ _1\"></span>ears up t<span class=\"_ _1\"></span>o June 2023. <span class=\"_ _1\"></span>This <span class=\"_ _1\"></span>type of higher<span class=\"_ _0\"></span> rate environment is not<span class=\"_ _1\"></span> significantly r<span class=\"_ _1\"></span>epresented in the historic data sets used <span class=\"_ _1\"></span>to construct <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s impairment models, and the Gr<span class=\"_ _1\"></span>oup has carefully<span class=\"_ _1\"></span> considered <span class=\"_ _1\"></span>their lik<span class=\"_ _0\"></span>ely performance under<span class=\"_ _1\"></span> these conditions and <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ement for<span class=\"_ _0\"></span> additional judgemental adjustments at the period end to compensate for<span class=\"_ _1\"></span> any <span class=\"_ _1\"></span>weaknesses. Ho<span class=\"_ _1\"></span>wev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s monitoring of model perf<span class=\"_ _1\"></span>ormance ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the period served t<span class=\"_ _1\"></span>o mitigate these concerns, <span class=\"_ _1\"></span>to some extent, and the le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f such adjustments r<span class=\"_ _1\"></span>educed in the period.<span class=\"_ _393\"> </span>The methodologies used t<span class=\"_ _1\"></span>o derive the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s ECL<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>visions at 30 September<span class=\"_ _1\"></span> 2025 are analy<span class=\"_ _1\"></span>sed below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w145 he7\" id=\"_c5398313-09ea-4209-90fd-cc1274c70565\"><tr><td></td><td class=\"c n x4cb y3c43 w146 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gross<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cc y3c43 w147 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cd y3c43 w148 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls16 ws8d\">Net<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c44 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c44 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3c44 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cd8 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w149 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Modelled portfolios<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ce y3c4f w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,920.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cf y3c4f w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(38.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d0 y3c4f w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,882.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w14a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Judgemental adjus<span class=\"_ _1\"></span>tments thereon<span class=\"_ _393\"> </span></div></td><td class=\"c n x224 y3c45 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d1 y3c45 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d2 y3c45 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x387 y3c50 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,920.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d3 y3c50 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(40.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d4 y3c50 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,880.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w14b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Non-modelled portfolios<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d5 y3c65 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,508.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d6 y3c65 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(47.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x34c y3c65 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,460.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w14c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x24b y3c48 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,429.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d7 y3c48 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(87.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d8 y3c48 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w14d hed\" id=\"_6c3a152c-8fa1-4939-a46a-3e8a26f63aec\"><tr><td></td><td class=\"c n x4cb y3cd9 w146 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gross<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cc y3cd9 w147 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cd y3cd9 w148 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls16 ws8d\">Net<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3cda w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3cda w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3cda w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cdb ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w149 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Modelled portfolios<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ce y3c4f w55 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,418.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d9 y3c4f w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(41.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x48f y3c4f w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,377.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w14a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Judgemental adjus<span class=\"_ _1\"></span>tments thereon<span class=\"_ _393\"> </span></div></td><td class=\"c n x224 y3c45 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d1 y3c45 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(5.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4da y3c45 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(5.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x387 y3c62 w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,418.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4db y3c62 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(46.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4dc y3c62 w55 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,372.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w14e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-modelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x4dd y3c65 w18 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1,363.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x4de y3c65 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(30.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4df y3c65 w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1,333.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w14c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x24b y3c48 w55 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e0 y3c48 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(76.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e1 y3c48 w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td></tr></table>In addition to <span class=\"_ _1\"></span>the judgemental adjustments t<span class=\"_ _1\"></span>o model outputs shown abov<span class=\"_ _1\"></span>e, at 30 September<span class=\"_ _1\"></span> 2024 management applied a \u00a31.5m uplift to pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>floors in the de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance operation, re<span class=\"_ _1\"></span>flecting specific economic risks to <span class=\"_ _1\"></span>that business. <span class=\"_ _1\"></span>The monitoring of<span class=\"_ _1\"></span> the portfolio in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span> has indicated that this gener<span class=\"_ _1\"></span>al uplift w<span class=\"_ _1\"></span>as no longer<span class=\"_ _1\"></span> requir<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> portfolio at 30 September<span class=\"_ _1\"></span> 2025. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the concerns in r<span class=\"_ _1\"></span>elation to <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment finance portfolio ha<span class=\"_ _1\"></span>ve become f<span class=\"_ _1\"></span>ocussed on a cohort of<span class=\"_ _1\"></span> accounts written in 2022 and earlier <span class=\"_ _1\"></span>which have e<span class=\"_ _1\"></span>xhibited poor perf<span class=\"_ _1\"></span>ormance in the curr<span class=\"_ _1\"></span>ent economic envir<span class=\"_ _1\"></span>onment and are still being <span class=\"_ _1\"></span>work<span class=\"_ _1\"></span>ed out. F<span class=\"_ _0\"></span>ocussed stress testing on <span class=\"_ _1\"></span>these accounts resulted in an uplift <span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>ovision of<span class=\"_ _1\"></span> \u00a31.5m at 30 September<span class=\"_ _1\"></span> 2025.<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>otal uplifts acr<span class=\"_ _1\"></span>oss the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loan portfolio as a whole w<span class=\"_ _1\"></span>ere <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore \u00a33.<span class=\"_ _1\"></span>0m (2024: \u00a36.5m). <span class=\"_ _0\"></span>The derivation of <span class=\"_ _1\"></span>these adjustments is discussed further below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>ii) <span class=\"_ _8\"> </span> <span class=\"_ _34\"> </span>Significant Increase in Credit Risk<span class=\"_ _1\"></span> (\u2018SICR\u2019)<span class=\"_ _393\"> </span>Under IFRS 9<span class=\"_ _1\"></span>, SICR is not defined solely<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> account performance, but on <span class=\"_ _1\"></span>the basis of <span class=\"_ _1\"></span>the customer\u2019<span class=\"_ _0\"></span>s over<span class=\"_ _1\"></span>all credit position, and <span class=\"_ _1\"></span>this ev<span class=\"_ _1\"></span>aluation should include consideration of<span class=\"_ _1\"></span> external data. <span class=\"_ _1\"></span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s aim is to define SICR <span class=\"_ _1\"></span>to corr<span class=\"_ _1\"></span>espond, as closely as possible, to that population o<span class=\"_ _1\"></span>f accounts <span class=\"_ _1\"></span>which are subject <span class=\"_ _1\"></span>to enhanced administrativ<span class=\"_ _1\"></span>e and monitoring procedur<span class=\"_ _1\"></span>es operationally<span class=\"_ _0\"></span>. The Gr<span class=\"_ _1\"></span>oup assesses SICR in its modelled portfolios primarily<span class=\"_ _1\"></span> on the basis of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elative diff<span class=\"_ _1\"></span>erence in an account\u2019<span class=\"_ _0\"></span>s lifetime PD between origination and the r<span class=\"_ _1\"></span>eporting date. <span class=\"_ _1\"></span>The lev<span class=\"_ _1\"></span>els of diff<span class=\"_ _1\"></span>erence r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to qualify<span class=\"_ _1\"></span> as an SICR may diff<span class=\"_ _1\"></span>er be<span class=\"_ _1\"></span>tween portfolios and <span class=\"_ _1\"></span>will depend, to some ext<span class=\"_ _1\"></span>ent, on the le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> risk originally<span class=\"_ _1\"></span> perceived and ar<span class=\"_ _0\"></span>e monitored on an ongoing basis to ensur<span class=\"_ _1\"></span>e that<span class=\"_ _1\"></span> this calibrates with actual experience.<span class=\"_ _393\"> </span>It should be noted <span class=\"_ _1\"></span>that the use of<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent PD<span class=\"_ _1\"></span>, which includes ext<span class=\"_ _1\"></span>ernal factors such as cr<span class=\"_ _1\"></span>edit bur<span class=\"_ _1\"></span>eau data, means that all r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant information in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s hands concerning the customers\u2019 pr<span class=\"_ _0\"></span>esent credit position is included in the e<span class=\"_ _1\"></span>valuation, as <span class=\"_ _1\"></span>well as the impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>future economic e<span class=\"_ _1\"></span>xpectations. F<span class=\"_ _0\"></span>or non-modelled portfolios, the SICR assessment<span class=\"_ _1\"></span> is based on the cr<span class=\"_ _1\"></span>edit monitoring position of<span class=\"_ _1\"></span> the account in question and <span class=\"_ _1\"></span>for all portfolios a number<span class=\"_ _1\"></span> of qualitativ<span class=\"_ _1\"></span>e indicators <span class=\"_ _1\"></span>which pro<span class=\"_ _1\"></span>vide evidence of<span class=\"_ _1\"></span> SICR have been consider<span class=\"_ _0\"></span>ed. Loans <span class=\"_ _1\"></span>will generally<span class=\"_ _1\"></span> be considered <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>etain significantly incr<span class=\"_ _1\"></span>eased credit risk<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> a period after<span class=\"_ _1\"></span> the SICR <span class=\"_ _1\"></span>trigger<span class=\"_ _1\"></span> no longer<span class=\"_ _1\"></span> remains.<span class=\"_ _393\"> </span>As part of<span class=\"_ _1\"></span> its determination of<span class=\"_ _1\"></span> whether<span class=\"_ _1\"></span> model outputs f<span class=\"_ _1\"></span>orm a reliable basis <span class=\"_ _1\"></span>for impairment<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>visioning, the Gr<span class=\"_ _1\"></span>oup considered whether it<span class=\"_ _1\"></span> had any e<span class=\"_ _1\"></span>vidence of<span class=\"_ _1\"></span> groups o<span class=\"_ _1\"></span>f accounts demonstrating <span class=\"_ _1\"></span>factors indicating a higher<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>el of cr<span class=\"_ _1\"></span>edit risk <span class=\"_ _1\"></span>than other<span class=\"_ _1\"></span> accounts in the same portfolios, either<span class=\"_ _0\"></span> from operational experience or<span class=\"_ _1\"></span> its regular<span class=\"_ _0\"></span> credit risk monitoring activities. No such evidence <span class=\"_ _1\"></span>was no<span class=\"_ _1\"></span>ted at 30 September<span class=\"_ _1\"></span> 2025 or 30 Sep<span class=\"_ _1\"></span>tember 2024<span class=\"_ _1\"></span>, and hence no additional accounts w<span class=\"_ _1\"></span>ere identified as having an SICR, outside <span class=\"_ _1\"></span>those identified by<span class=\"_ _1\"></span> standard, portfolio-<span class=\"_ _1\"></span>wide, procedur<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span>iii) <span class=\"_ _33\"></span> <span class=\"_ _b2\"> </span>Definitions of de<span class=\"_ _1\"></span>fault<span class=\"_ _393\"> </span>As the IFRS 9 definition of<span class=\"_ _1\"></span> ECL<span class=\"_ _1\"></span> is based on PD<span class=\"_ _1\"></span>, default must be defined <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> this purpose. <span class=\"_ _1\"></span>The analysis o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these default cases pro<span class=\"_ _1\"></span>vides the f<span class=\"_ _1\"></span>oundation for<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s PD modelling. IFRS 9 provides a r<span class=\"_ _1\"></span>ebuttable presumption <span class=\"_ _1\"></span>that an account is in default <span class=\"_ _1\"></span>when it is 90 days o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>due and this <span class=\"_ _1\"></span>was used as the basis o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s definition, combined with qualitativ<span class=\"_ _1\"></span>e and quantitative f<span class=\"_ _1\"></span>actors specific to each portfolio. The most influential quantitative <span class=\"_ _1\"></span>factor<span class=\"_ _1\"></span> in the majority<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> portfolios is the arr<span class=\"_ _1\"></span>ears lev<span class=\"_ _1\"></span>el, while <span class=\"_ _1\"></span>the principal qualitative <span class=\"_ _1\"></span>factors r<span class=\"_ _1\"></span>elate to internal account management statuses. In particular<span class=\"_ _0\"></span> the decision to commence a pr<span class=\"_ _1\"></span>ocess of enf<span class=\"_ _1\"></span>orcement <span class=\"_ _1\"></span>will be considered as a default in all portfolios. In <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s buy-to-le<span class=\"_ _1\"></span>t mortgage portfolio <span class=\"_ _1\"></span>the appointment of<span class=\"_ _1\"></span> a receiv<span class=\"_ _1\"></span>er o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>ent t<span class=\"_ _1\"></span>o manage the pr<span class=\"_ _1\"></span>operty on the customer\u2019<span class=\"_ _0\"></span>s behalf is considered a de<span class=\"_ _1\"></span>fault, while <span class=\"_ _1\"></span>for portf<span class=\"_ _1\"></span>olios assessed on a case-by-case basis, such as <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s dev<span class=\"_ _1\"></span>elopment finance loans, the mo<span class=\"_ _1\"></span>vement of<span class=\"_ _1\"></span> an account t<span class=\"_ _1\"></span>o the highest risk cat<span class=\"_ _1\"></span>egory used <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> internal monitoring is consider<span class=\"_ _1\"></span>ed as a default. This ensures <span class=\"_ _1\"></span>that the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s definitions of default <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> its v<span class=\"_ _1\"></span>arious portfolios ar<span class=\"_ _1\"></span>e materially aligned <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> definitions of<span class=\"_ _1\"></span> default used internally<span class=\"_ _0\"></span>, and are broadly<span class=\"_ _1\"></span> aligned to its internal oper<span class=\"_ _1\"></span>ational procedur<span class=\"_ _1\"></span>es, allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the arbitrary natur<span class=\"_ _0\"></span>e of the 90-day<span class=\"_ _1\"></span> cut-off<span class=\"_ _1\"></span>, which is a regulatory<span class=\"_ _1\"></span> rather<span class=\"_ _1\"></span> than an operational r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ement. In particular <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s receiver<span class=\"_ _0\"></span> of rent cases ar<span class=\"_ _1\"></span>e defined as default<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> modelling purposes as the behaviour<span class=\"_ _0\"></span> of the case after<span class=\"_ _1\"></span> that point<span class=\"_ _1\"></span> is significantly influenced b<span class=\"_ _1\"></span>y internal manag<span class=\"_ _1\"></span>ement decisions.<span class=\"_ _393\"> </span>iv) <span class=\"_ _2\"></span> <span class=\"_ _b2\"> </span>Credit impaired loans<span class=\"_ _393\"> </span>IFRS 9 defines a credit impair<span class=\"_ _1\"></span>ed account as one wher<span class=\"_ _1\"></span>e an account has suffer<span class=\"_ _1\"></span>ed one or mor<span class=\"_ _1\"></span>e e<span class=\"_ _1\"></span>vents which ha<span class=\"_ _1\"></span>ve had a detrimental effect on <span class=\"_ _1\"></span>future cash <span class=\"_ _1\"></span>flows. It is <span class=\"_ _1\"></span>thus a backwar<span class=\"_ _1\"></span>d-looking definition, rather<span class=\"_ _1\"></span> than one based on <span class=\"_ _1\"></span>future expectations.<span class=\"_ _393\"> </span>Credit impair<span class=\"_ _1\"></span>ed assets ar<span class=\"_ _1\"></span>e identified either <span class=\"_ _1\"></span>through quantitativ<span class=\"_ _1\"></span>e measures or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> operational status. Designations of<span class=\"_ _1\"></span> accounts for<span class=\"_ _1\"></span> regulatory<span class=\"_ _1\"></span> capital purposes are also <span class=\"_ _1\"></span>taken int<span class=\"_ _1\"></span>o account. Assets ma<span class=\"_ _1\"></span>y also be assigned <span class=\"_ _1\"></span>to Stage 3 if<span class=\"_ _1\"></span> the<span class=\"_ _1\"></span>y ar<span class=\"_ _0\"></span>e identified as credit impaired as a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> management r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>w pr<span class=\"_ _1\"></span>ocesses.<span class=\"_ _393\"> </span>All loans which ar<span class=\"_ _1\"></span>e in the pr<span class=\"_ _1\"></span>ocess of<span class=\"_ _1\"></span> enforcement, <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the point wher<span class=\"_ _1\"></span>e this becomes <span class=\"_ _1\"></span>the administration strategy<span class=\"_ _0\"></span>, are classified as credit impair<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span>Loans ar<span class=\"_ _1\"></span>e retained in S<span class=\"_ _1\"></span>tage 3 f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>three months after<span class=\"_ _1\"></span> the point<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e the<span class=\"_ _1\"></span>y cease <span class=\"_ _1\"></span>to exhibit the char<span class=\"_ _1\"></span>acteristics of<span class=\"_ _1\"></span> default. <span class=\"_ _1\"></span>After<span class=\"_ _1\"></span> this point, the<span class=\"_ _1\"></span>y may<span class=\"_ _0\"></span> move to Stag<span class=\"_ _1\"></span>e 2 or Stag<span class=\"_ _1\"></span>e 1 depending on whether<span class=\"_ _1\"></span> an SICR trigg<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>emains.<span class=\"_ _393\"> </span>All default cases ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be credit impair<span class=\"_ _0\"></span>ed, including all receiver o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>ent cases and all cases with at<span class=\"_ _1\"></span> least one payment mor<span class=\"_ _1\"></span>e than 90 days o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>due, ev<span class=\"_ _1\"></span>en wher<span class=\"_ _1\"></span>e such cases are being managed in <span class=\"_ _1\"></span>the expectation of<span class=\"_ _1\"></span> realising <span class=\"_ _1\"></span>the whole carrying balance. In order<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>ovide bett<span class=\"_ _1\"></span>er inf<span class=\"_ _1\"></span>ormation for<span class=\"_ _1\"></span> users, additional analysis o<span class=\"_ _1\"></span>f cr<span class=\"_ _1\"></span>edit impaired accounts has been pr<span class=\"_ _1\"></span>esented in note 20<span class=\"_ _0\"></span>, distinguishing between pr<span class=\"_ _1\"></span>obationary accounts, r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent accounts, accounts subject<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>ealisation / enfor<span class=\"_ _1\"></span>cement procedur<span class=\"_ _1\"></span>es and long-term manag<span class=\"_ _1\"></span>ed accounts, all of<span class=\"_ _1\"></span> which ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>eated as credit impair<span class=\"_ _1\"></span>ed. <span class=\"_ _1\"></span>While other indicat<span class=\"_ _1\"></span>ors of<span class=\"_ _1\"></span> default are in use, <span class=\"_ _1\"></span>the categories shown account<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the o<span class=\"_ _1\"></span>verwhelming majority<span class=\"_ _1\"></span> of S<span class=\"_ _1\"></span>tage 3 cases.<span class=\"_ _393\"> </span>v) <span class=\"_ _190\"> </span> <span class=\"_ _34\"> </span>Monitoring of<span class=\"_ _1\"></span> ECL<span class=\"_ _1\"></span> estimation pr<span class=\"_ _1\"></span>ocesses The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s ECL<span class=\"_ _1\"></span> models ar<span class=\"_ _1\"></span>e compiled on the basis of<span class=\"_ _1\"></span> the analy<span class=\"_ _1\"></span>sis of r<span class=\"_ _1\"></span>ele<span class=\"_ _1\"></span>vant historical data. Bef<span class=\"_ _1\"></span>ore a model is adopt<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> use its operations and outputs are e<span class=\"_ _1\"></span>xamined to ensur<span class=\"_ _1\"></span>e that it is e<span class=\"_ _1\"></span>xpected to be appr<span class=\"_ _1\"></span>opriately<span class=\"_ _1\"></span> predictiv<span class=\"_ _1\"></span>e and, if it is an updated model, expected t<span class=\"_ _1\"></span>o be more pr<span class=\"_ _1\"></span>edictive <span class=\"_ _1\"></span>than any e<span class=\"_ _1\"></span>xisting model. Befor<span class=\"_ _1\"></span>e a new<span class=\"_ _1\"></span> model is adopted the chang<span class=\"_ _1\"></span>es and impacts will be consider<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the CF<span class=\"_ _1\"></span>O<span class=\"_ _1\"></span>, alongside any advice <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s independent model re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> functions. <span class=\"_ _1\"></span>The performance o<span class=\"_ _1\"></span>f all models is r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed on an ongoing basis, by<span class=\"_ _1\"></span> senior<span class=\"_ _1\"></span> finance and risk management, including <span class=\"_ _1\"></span>the CF<span class=\"_ _1\"></span>O. Monit<span class=\"_ _1\"></span>oring packs comparing actual and predicted loss lev<span class=\"_ _1\"></span>els are pr<span class=\"_ _1\"></span>oduced at regular<span class=\"_ _0\"></span> intervals, set on the basis of<span class=\"_ _1\"></span> the mat<span class=\"_ _1\"></span>eriality of<span class=\"_ _1\"></span> each model. <span class=\"_ _1\"></span>The continuing appropriat<span class=\"_ _1\"></span>eness of model assumptions is also re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed as part of<span class=\"_ _1\"></span> this pr<span class=\"_ _1\"></span>ocess. Models are r<span class=\"_ _1\"></span>evisited on a r<span class=\"_ _1\"></span>egular<span class=\"_ _1\"></span> basis to ensur<span class=\"_ _1\"></span>e that <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> continue to r<span class=\"_ _1\"></span>eflect <span class=\"_ _1\"></span>the most recent<span class=\"_ _1\"></span> data as the av<span class=\"_ _1\"></span>ailable information increases ov<span class=\"_ _1\"></span>er time.<span class=\"_ _393\"> </span>On a monthly basis all model outputs, model o<span class=\"_ _1\"></span>verlay<span class=\"_ _1\"></span>s and pro<span class=\"_ _1\"></span>visions calculated f<span class=\"_ _1\"></span>or non-modelled books ar<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> senior finance management including <span class=\"_ _1\"></span>the CFO in conjunction <span class=\"_ _1\"></span>with the latest<span class=\"_ _1\"></span> credit risk oper<span class=\"_ _1\"></span>ational and economic metrics to ensur<span class=\"_ _1\"></span>e that<span class=\"_ _1\"></span> the impairment pro<span class=\"_ _1\"></span>vision by<span class=\"_ _1\"></span> asset type r<span class=\"_ _0\"></span>emains appropriate. This e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cise will be <span class=\"_ _1\"></span>the subject of<span class=\"_ _1\"></span> particular <span class=\"_ _1\"></span>focus at the <span class=\"_ _0\"></span>year end and the half y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>This information is summarised <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>Audit Committee on a biannual basis, and the<span class=\"_ _1\"></span>y ha<span class=\"_ _1\"></span>ve r<span class=\"_ _1\"></span>egard <span class=\"_ _1\"></span>to this data in <span class=\"_ _1\"></span>forming <span class=\"_ _1\"></span>their conclusions on the appr<span class=\"_ _1\"></span>opriateness of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>visioning levels.<span class=\"_ _393\"> </span>vi) <span class=\"_ _2\"></span> <span class=\"_ _b2\"> </span>Model development<span class=\"_ _393\"> </span>The models used by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup are updat<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om time t<span class=\"_ _1\"></span>o time t<span class=\"_ _1\"></span>o allow <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> changes in the business, de<span class=\"_ _1\"></span>velopments in best pr<span class=\"_ _1\"></span>actice and the availability<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> additional data with <span class=\"_ _1\"></span>the passing of<span class=\"_ _1\"></span> time. During the <span class=\"_ _0\"></span>year ended 30 September<span class=\"_ _1\"></span> 2025 a major updat<span class=\"_ _1\"></span>e to <span class=\"_ _1\"></span>the Second Charge Mortgag<span class=\"_ _1\"></span>e PD model took place, meaning <span class=\"_ _1\"></span>that all <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s four<span class=\"_ _1\"></span> principal PD models have been updated since IFRS 9 <span class=\"_ _1\"></span>was first implemented in <span class=\"_ _1\"></span>the 2019 financial y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. The new<span class=\"_ _1\"></span> Second Charge Mortg<span class=\"_ _1\"></span>age model adopts a mor<span class=\"_ _1\"></span>e simplified approach <span class=\"_ _1\"></span>than the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s other<span class=\"_ _1\"></span> PD models, reflecting <span class=\"_ _1\"></span>the continuing reduction in <span class=\"_ _1\"></span>the size of<span class=\"_ _1\"></span> the portfolio<span class=\"_ _1\"></span>, with no ne<span class=\"_ _1\"></span>w lending having <span class=\"_ _1\"></span>taken place since 2021. The impact of<span class=\"_ _1\"></span> the adoption o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the new<span class=\"_ _1\"></span> model in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025, on a like-<span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>-like basis, <span class=\"_ _1\"></span>was <span class=\"_ _1\"></span>to leave <span class=\"_ _1\"></span>the pr<span class=\"_ _1\"></span>ovision unchanged and tr<span class=\"_ _1\"></span>ansfer<span class=\"_ _1\"></span> \u00a30.<span class=\"_ _1\"></span>6m of gr<span class=\"_ _1\"></span>oss balances fr<span class=\"_ _1\"></span>om Stage 1 <span class=\"_ _1\"></span>to Stage 2.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s progr<span class=\"_ _1\"></span>amme of model de<span class=\"_ _1\"></span>velopment continued during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>with a particular<span class=\"_ _1\"></span> focus on analy<span class=\"_ _1\"></span>sing how de<span class=\"_ _1\"></span>fault and loss data recor<span class=\"_ _1\"></span>ded ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the period of <span class=\"_ _1\"></span>the Covid pandemic should be r<span class=\"_ _1\"></span>eflected in <span class=\"_ _1\"></span>the next generation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>forwar<span class=\"_ _1\"></span>d-looking models, given <span class=\"_ _1\"></span>the unprecedented natur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> the pandemic and <span class=\"_ _1\"></span>the national and international response <span class=\"_ _1\"></span>to it.<span class=\"_ _393\"> </span>All re<span class=\"_ _1\"></span>vised models and model enhancements are car<span class=\"_ _1\"></span>efully<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>viewed and <span class=\"_ _1\"></span>tested bef<span class=\"_ _1\"></span>ore adoption, and ar<span class=\"_ _1\"></span>e subject t<span class=\"_ _1\"></span>o a gov<span class=\"_ _1\"></span>ernance process for<span class=\"_ _0\"></span> their approv<span class=\"_ _1\"></span>al. vii)  <span class=\"_ _c7\"> </span>Judgemental <span class=\"_ _b6\"> </span>adjustments<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o ensur<span class=\"_ _1\"></span>e that <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s loan portfolios are pr<span class=\"_ _1\"></span>operly<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>visioned, the Gr<span class=\"_ _1\"></span>oup considers factors <span class=\"_ _1\"></span>that might impact on customer<span class=\"_ _1\"></span>s, but which ma<span class=\"_ _1\"></span>y either<span class=\"_ _1\"></span> not be r<span class=\"_ _1\"></span>eflected by<span class=\"_ _1\"></span> its pro<span class=\"_ _1\"></span>vision processes, be only<span class=\"_ _0\"></span> partially reflected or<span class=\"_ _1\"></span> not be r<span class=\"_ _1\"></span>eflected sufficiently<span class=\"_ _1\"></span> quickly<span class=\"_ _1\"></span>. These may<span class=\"_ _1\"></span> include consideration of<span class=\"_ _1\"></span> the lik<span class=\"_ _1\"></span>ely impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the broad economic en<span class=\"_ _1\"></span>vironment, customer<span class=\"_ _1\"></span> and marke<span class=\"_ _1\"></span>t sentiment and expert knowledge <span class=\"_ _1\"></span>within the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s businesses. Where manag<span class=\"_ _1\"></span>ement has identified a requir<span class=\"_ _1\"></span>ement to amend <span class=\"_ _1\"></span>the calculated pr<span class=\"_ _1\"></span>ovision as a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> either model deficiencies or<span class=\"_ _1\"></span> idiosyncratic beha<span class=\"_ _1\"></span>viour in part o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the portfolio, judgemental adjustments ar<span class=\"_ _1\"></span>e applied t<span class=\"_ _1\"></span>o the modelled outputs so that<span class=\"_ _1\"></span> the E<span class=\"_ _1\"></span>CL recognised corr<span class=\"_ _1\"></span>esponds to e<span class=\"_ _1\"></span>xpert judgement, taking int<span class=\"_ _1\"></span>o account the <span class=\"_ _1\"></span>widest possible range of<span class=\"_ _0\"></span> current information, which might no<span class=\"_ _1\"></span>t be factor<span class=\"_ _1\"></span>ed into the modelling pr<span class=\"_ _1\"></span>ocess. Similarly<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e non-modelled books come under str<span class=\"_ _1\"></span>ess, methodologies may<span class=\"_ _1\"></span> be adjusted <span class=\"_ _1\"></span>to ensure co<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e is sufficient.<span class=\"_ _393\"> </span>Evidence consider<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> management in or<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span> to assess <span class=\"_ _1\"></span>the need for<span class=\"_ _1\"></span> adjustments and the siz<span class=\"_ _1\"></span>e of an<span class=\"_ _1\"></span>y adjustments r<span class=\"_ _1\"></span>equired included internal performance data, customer<span class=\"_ _1\"></span> and brok<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span> feedback, insight surv<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span>s, industry intellig<span class=\"_ _1\"></span>ence, evidence on <span class=\"_ _1\"></span>the wider<span class=\"_ _1\"></span> economy<span class=\"_ _1\"></span> and quantitative and qualitative data and stat<span class=\"_ _1\"></span>ements fr<span class=\"_ _1\"></span>om industry<span class=\"_ _1\"></span>, gov<span class=\"_ _1\"></span>ernment and r<span class=\"_ _1\"></span>egulatory bodies. <span class=\"_ _1\"></span>These <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e combined with <span class=\"_ _1\"></span>the expert knowledg<span class=\"_ _1\"></span>e within <span class=\"_ _1\"></span>the business to f<span class=\"_ _1\"></span>orm a broad estimate o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>el of pr<span class=\"_ _1\"></span>ovision r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed across <span class=\"_ _1\"></span>the Group.<span class=\"_ _393\"> </span>A similar<span class=\"_ _0\"></span> process was undertak<span class=\"_ _1\"></span>en in respect<span class=\"_ _1\"></span> of non-modelled book<span class=\"_ _1\"></span>s to ensur<span class=\"_ _1\"></span>e that specific issues and impacts <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e being identified, and the minimum pr<span class=\"_ _1\"></span>ovisions set <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> each portfolio r<span class=\"_ _1\"></span>emained sufficient.<span class=\"_ _393\"> </span>The requir<span class=\"_ _1\"></span>ement <span class=\"_ _1\"></span>for judg<span class=\"_ _1\"></span>emental adjustments is considered on a portf<span class=\"_ _1\"></span>olio-by-portf<span class=\"_ _1\"></span>olio basis, and the potential <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the existence o<span class=\"_ _1\"></span>f significant groups o<span class=\"_ _1\"></span>f assets being particularly<span class=\"_ _1\"></span> exposed <span class=\"_ _1\"></span>to credit risk<span class=\"_ _1\"></span> in the expected economic scenarios is also consider<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span>The to<span class=\"_ _1\"></span>tal amounts of judg<span class=\"_ _1\"></span>emental adjustments pro<span class=\"_ _1\"></span>vided across <span class=\"_ _1\"></span>the Group ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w by<span class=\"_ _0\"></span> segment.<span class=\"_ _393\"> </span><table class=\"s w14f hde\" id=\"_2ff9060e-380e-4a7d-bf04-45cbe186c8e1\"><tr><td></td><td class=\"c n x4e2 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c4e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c4e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c4e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w150 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending \u2013 modelled<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4ea y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4eb y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w151 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending \u2013 modelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ec y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e6 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w152 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending \u2013 non-modelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3f2 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4ed y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4ed y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td></tr></table>The adjustment in the Mortg<span class=\"_ _1\"></span>age L<span class=\"_ _1\"></span>ending book at the pr<span class=\"_ _1\"></span>evious <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span> end had represented <span class=\"_ _1\"></span>the level <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>which the cr<span class=\"_ _1\"></span>edit metrics and other model inputs did no<span class=\"_ _1\"></span>t produce a r<span class=\"_ _1\"></span>esult f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the buy-t<span class=\"_ _1\"></span>o-let portfolio <span class=\"_ _1\"></span>which accorded <span class=\"_ _1\"></span>with the cr<span class=\"_ _1\"></span>edit expectations of<span class=\"_ _1\"></span> management, brok<span class=\"_ _1\"></span>ers and customers, particularly<span class=\"_ _1\"></span> in respect o<span class=\"_ _1\"></span>f legac<span class=\"_ _1\"></span>y asse<span class=\"_ _1\"></span>ts. While <span class=\"_ _1\"></span>there has been some upw<span class=\"_ _1\"></span>ard mo<span class=\"_ _1\"></span>vement in arr<span class=\"_ _1\"></span>ears metrics, both f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group and <span class=\"_ _1\"></span>the buy-to-let<span class=\"_ _1\"></span> market mor<span class=\"_ _1\"></span>e generally<span class=\"_ _0\"></span>, the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> has seen the r<span class=\"_ _1\"></span>esolution of a number<span class=\"_ _0\"></span> of significant long-standing cases. In response <span class=\"_ _1\"></span>to these <span class=\"_ _1\"></span>factors, it <span class=\"_ _1\"></span>was decided <span class=\"_ _1\"></span>that it w<span class=\"_ _1\"></span>as appropriate <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>educe the lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> overla<span class=\"_ _1\"></span>y at<span class=\"_ _1\"></span> 30 September 2025.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s SME lending portfolio performed generally<span class=\"_ _1\"></span> str<span class=\"_ _1\"></span>ongly in <span class=\"_ _1\"></span>the period, with a consequent impact on <span class=\"_ _1\"></span>the calculated pr<span class=\"_ _1\"></span>ovision, and while a le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> caution remains as <span class=\"_ _1\"></span>to the br<span class=\"_ _1\"></span>oader<span class=\"_ _1\"></span> outlook f<span class=\"_ _1\"></span>or UK SMEs in <span class=\"_ _1\"></span>the current economic climate, perf<span class=\"_ _1\"></span>ormance of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s provisioning model has been satisf<span class=\"_ _1\"></span>actory in <span class=\"_ _1\"></span>the current high int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ate environment. On <span class=\"_ _1\"></span>this basis the judg<span class=\"_ _1\"></span>emental adjustment has been released in <span class=\"_ _1\"></span>the current<span class=\"_ _1\"></span> year<span class=\"_ _0\"></span> (2024: \u00a31.0m).<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or the motor<span class=\"_ _0\"></span> finance portfolio, the o<span class=\"_ _1\"></span>verlay<span class=\"_ _1\"></span> to <span class=\"_ _1\"></span>the modelled pro<span class=\"_ _1\"></span>vision has also been released (202<span class=\"_ _1\"></span>4: \u00a31.0m<span class=\"_ _1\"></span>). Indications to date continue to sho<span class=\"_ _1\"></span>w <span class=\"_ _1\"></span>the second generation motor<span class=\"_ _1\"></span> finance PD model intr<span class=\"_ _1\"></span>oduced last <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> to be eff<span class=\"_ _1\"></span>ective at identifying cr<span class=\"_ _1\"></span>edit risk cases. Additionally<span class=\"_ _0\"></span>, while values in <span class=\"_ _1\"></span>the second-hand car<span class=\"_ _1\"></span> market in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ha<span class=\"_ _1\"></span>ve been low<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>than f<span class=\"_ _1\"></span>or some <span class=\"_ _1\"></span>time, with a consequential incr<span class=\"_ _1\"></span>ease in the le<span class=\"_ _1\"></span>vels of<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>oluntary <span class=\"_ _1\"></span>terminations, this did no<span class=\"_ _1\"></span>t significantly impact on <span class=\"_ _1\"></span>the assessment of<span class=\"_ _1\"></span> model performance. The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s analysis <span class=\"_ _1\"></span>found no evidence o<span class=\"_ _1\"></span>f particular<span class=\"_ _1\"></span> concentrations of<span class=\"_ _1\"></span> credit risk<span class=\"_ _1\"></span> below portf<span class=\"_ _1\"></span>olio lev<span class=\"_ _1\"></span>el. Given <span class=\"_ _1\"></span>this, and the high lev<span class=\"_ _1\"></span>el nature of<span class=\"_ _0\"></span> the exer<span class=\"_ _1\"></span>cise undertaken, <span class=\"_ _1\"></span>the judgemental adjustments on modelled balances hav<span class=\"_ _1\"></span>e been apportioned across <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s buy-to-le<span class=\"_ _1\"></span>t mortgage, SME lending and motor<span class=\"_ _1\"></span> finance portfolios, as appr<span class=\"_ _1\"></span>opriate, <span class=\"_ _1\"></span>to individual Stage 1 cases. <span class=\"_ _1\"></span>As such the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e included in the cr<span class=\"_ _1\"></span>edit risk disclosur<span class=\"_ _1\"></span>es requir<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> IFRS 7<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>While ther<span class=\"_ _1\"></span>e w<span class=\"_ _1\"></span>as some further<span class=\"_ _1\"></span> deterioration <span class=\"_ _1\"></span>within the de<span class=\"_ _1\"></span>velopment finance book<span class=\"_ _1\"></span> in the period, <span class=\"_ _1\"></span>the cases involv<span class=\"_ _1\"></span>ed shared similarities with those identified at 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he majority of<span class=\"_ _1\"></span> such cases had been originally<span class=\"_ _1\"></span> ev<span class=\"_ _1\"></span>aluated in 2022 and befor<span class=\"_ _1\"></span>e, and had been impacted by<span class=\"_ _1\"></span> increased materials and labour<span class=\"_ _0\"></span> costs and higher interest r<span class=\"_ _1\"></span>ates, since the point at <span class=\"_ _1\"></span>which the<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e agreed. <span class=\"_ _0\"></span>As the cases with identified issues have been consider<span class=\"_ _1\"></span>ed f<span class=\"_ _1\"></span>or pr<span class=\"_ _1\"></span>ovisioning individually<span class=\"_ _1\"></span> at 30 September<span class=\"_ _1\"></span> 2025, and fe<span class=\"_ _1\"></span>w o<span class=\"_ _1\"></span>ther cases of<span class=\"_ _0\"></span> this vintage remain, <span class=\"_ _1\"></span>the Group det<span class=\"_ _1\"></span>ermined that <span class=\"_ _1\"></span>the uplift to minimum pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> all cases applied at 30 September<span class=\"_ _1\"></span> 2024 w<span class=\"_ _1\"></span>as no longer<span class=\"_ _1\"></span> necessary<span class=\"_ _1\"></span>. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, for<span class=\"_ _1\"></span> those cases in <span class=\"_ _1\"></span>that cohort <span class=\"_ _1\"></span>with identified issues an additional exer<span class=\"_ _1\"></span>cise w<span class=\"_ _1\"></span>as carried out to e<span class=\"_ _1\"></span>xamine their<span class=\"_ _1\"></span> behaviour<span class=\"_ _1\"></span> under further str<span class=\"_ _1\"></span>ess. <span class=\"_ _1\"></span>This resulted in an additional pr<span class=\"_ _1\"></span>ovision r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ement of \u00a31.5m and hence <span class=\"_ _1\"></span>the t<span class=\"_ _1\"></span>otal impact at 30 September<span class=\"_ _1\"></span> 2025 remained at \u00a31.5m (2024: \u00a31.5m). <span class=\"_ _0\"></span>The majority of <span class=\"_ _1\"></span>these cases w<span class=\"_ _1\"></span>ere in Stag<span class=\"_ _1\"></span>e 3. The Group <span class=\"_ _1\"></span>will continue t<span class=\"_ _1\"></span>o monitor <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ement f<span class=\"_ _1\"></span>or all <span class=\"_ _1\"></span>these adjustments as the economic situation de<span class=\"_ _1\"></span>velops and its impacts are mor<span class=\"_ _1\"></span>e fully<span class=\"_ _1\"></span> reflect<span class=\"_ _1\"></span>ed in model outputs. It is anticipated that a mor<span class=\"_ _1\"></span>e normal economic situation w<span class=\"_ _1\"></span>ould requir<span class=\"_ _1\"></span>e a low<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>value of<span class=\"_ _0\"></span> adjustments, but the <span class=\"_ _1\"></span>timescale in which such a scenario might be r<span class=\"_ _1\"></span>eached appears uncertain.<span class=\"_ _393\"> </span>viii)  <span class=\"_ _6\"> </span>Climate change<span class=\"_ _393\"> </span>As part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s consideration of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>equirement<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> judgemental adjustments, described abo<span class=\"_ _1\"></span>ve, the po<span class=\"_ _1\"></span>tential for<span class=\"_ _0\"></span> climate-related issues to impact on cust<span class=\"_ _1\"></span>omer business models or<span class=\"_ _1\"></span> security <span class=\"_ _1\"></span>values o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>timescales for<span class=\"_ _0\"></span> ECL calculation r<span class=\"_ _1\"></span>equired b<span class=\"_ _1\"></span>y IFRS 9 w<span class=\"_ _1\"></span>as ev<span class=\"_ _1\"></span>aluated. T<span class=\"_ _1\"></span>his w<span class=\"_ _1\"></span>as based on the ongoing internal monit<span class=\"_ _1\"></span>oring of climat<span class=\"_ _1\"></span>e change risk exposur<span class=\"_ _1\"></span>es and the scenario analy<span class=\"_ _1\"></span>sis carried out as part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s ICAAP<span class=\"_ _1\"></span> during the 2024 <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. Focussing on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s mortgage lending and mot<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>finance operations, this analysis le<span class=\"_ _1\"></span>veraged mat<span class=\"_ _1\"></span>erial published by<span class=\"_ _1\"></span> the Netw<span class=\"_ _1\"></span>ork for<span class=\"_ _0\"></span> Greening the Financial Sy<span class=\"_ _1\"></span>stem (\u2018NGFS\u2019) and proposed UK<span class=\"_ _1\"></span> Gov<span class=\"_ _1\"></span>ernment policy<span class=\"_ _0\"></span>. F<span class=\"_ _0\"></span>or the purposes of<span class=\"_ _1\"></span> the 2025 ICAAP<span class=\"_ _e\"></span>, this analysis <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>econsidered, and it <span class=\"_ _1\"></span>was concluded <span class=\"_ _1\"></span>that the r<span class=\"_ _1\"></span>esults w<span class=\"_ _1\"></span>ere still applicable and <span class=\"_ _1\"></span>that there <span class=\"_ _1\"></span>was no need <span class=\"_ _1\"></span>to repeat <span class=\"_ _1\"></span>the analysis at <span class=\"_ _1\"></span>this time. F<span class=\"_ _0\"></span>urther detail of<span class=\"_ _1\"></span> this analy<span class=\"_ _1\"></span>sis is set out in Section <span class=\"_ _1\"></span>A6.4 (b<span class=\"_ _1\"></span>) of <span class=\"_ _1\"></span>this <span class=\"_ _1\"></span>Annual Report and Accounts.<span class=\"_ _393\"> </span>No specific requir<span class=\"_ _1\"></span>ement f<span class=\"_ _1\"></span>or additional impairment pr<span class=\"_ _1\"></span>ovisions in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> climate change r<span class=\"_ _1\"></span>elated fact<span class=\"_ _1\"></span>ors over<span class=\"_ _0\"></span> the amounts already<span class=\"_ _1\"></span> determined was identified.<span class=\"_ _393\"> </span>20. <span class=\"_ _33\"></span>Loan impairments b<span class=\"_ _0\"></span>y stag<span class=\"_ _1\"></span>e and division<span class=\"_ _393\"> </span>IFRS 9 calculations and related disclosur<span class=\"_ _1\"></span>es requir<span class=\"_ _1\"></span>e loan assets to be divided int<span class=\"_ _1\"></span>o thr<span class=\"_ _1\"></span>ee stages, with accounts <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ere cr<span class=\"_ _1\"></span>edit impaired on initial r<span class=\"_ _1\"></span>ecognition repr<span class=\"_ _1\"></span>esenting a f<span class=\"_ _1\"></span>ourth class.<span class=\"_ _393\"> </span>The thr<span class=\"_ _1\"></span>ee classes comprise: those <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>there has been no SICR since adv<span class=\"_ _1\"></span>ance or<span class=\"_ _1\"></span> acquisition (Stage 1); those <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>there has been an SICR (Stage 2); and loans <span class=\"_ _1\"></span>which are cr<span class=\"_ _1\"></span>edit impaired (S<span class=\"_ _1\"></span>tage 3).<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>On initial recognition, and <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> assets wher<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>e has not been an SICR, pr<span class=\"_ _1\"></span>ovisions <span class=\"_ _1\"></span>will be made in respect o<span class=\"_ _1\"></span>f losses r<span class=\"_ _1\"></span>esulting fr<span class=\"_ _1\"></span>om the lev<span class=\"_ _1\"></span>el of cr<span class=\"_ _1\"></span>edit default e<span class=\"_ _1\"></span>vents e<span class=\"_ _1\"></span>xpected in the <span class=\"_ _1\"></span>twelve months <span class=\"_ _1\"></span>following <span class=\"_ _1\"></span>the balance sheet date<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Where a loan has e<span class=\"_ _1\"></span>xperienced an SICR, whether<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> not the loan is consider<span class=\"_ _1\"></span>ed to be cr<span class=\"_ _1\"></span>edit impair<span class=\"_ _1\"></span>ed, pro<span class=\"_ _1\"></span>visions will be made based on the E<span class=\"_ _1\"></span>CLs over<span class=\"_ _0\"></span> the full life of<span class=\"_ _1\"></span> the loan \u2022 <span class=\"_ _6\"> </span>F<span class=\"_ _0\"></span>or credit<span class=\"_ _1\"></span> impaired assets, pr<span class=\"_ _1\"></span>ovisions <span class=\"_ _1\"></span>will also be made on the basis of<span class=\"_ _1\"></span> lifetime E<span class=\"_ _1\"></span>CLs<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or assets which <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e \u2018Purchased or<span class=\"_ _1\"></span> Originated as Cr<span class=\"_ _1\"></span>edit Impaired\u2019 (\u2018POCI\u2019) accounts (those consider<span class=\"_ _1\"></span>ed as cr<span class=\"_ _1\"></span>edit impaired at <span class=\"_ _1\"></span>the point of<span class=\"_ _1\"></span> first r<span class=\"_ _1\"></span>ecognition), such as certain of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s acquired assets in Mortgage L<span class=\"_ _1\"></span>ending, <span class=\"_ _1\"></span>the carrying v<span class=\"_ _1\"></span>aluation is based on expected cash flo<span class=\"_ _1\"></span>ws discounted b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the EIR determined at the point of<span class=\"_ _1\"></span> acquisition. The recommendations o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the taskfor<span class=\"_ _1\"></span>ce on Disclosur<span class=\"_ _1\"></span>es about Expected Credit<span class=\"_ _1\"></span> Loss (\u2018DE<span class=\"_ _1\"></span>CL<span class=\"_ _e\"></span>\u2019) suggest standard categories <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> analysis of <span class=\"_ _1\"></span>firm\u2019<span class=\"_ _0\"></span>s loan books. In the cont<span class=\"_ _1\"></span>ext of<span class=\"_ _1\"></span> the DE<span class=\"_ _1\"></span>CL categ<span class=\"_ _1\"></span>orisation the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Mortgage Lending balances ar<span class=\"_ _1\"></span>e classified as \u2018UK r<span class=\"_ _1\"></span>etail mortgage<span class=\"_ _1\"></span>\u2019 business while its Commer<span class=\"_ _1\"></span>cial Lending balances, being adv<span class=\"_ _1\"></span>anced primarily <span class=\"_ _1\"></span>to SME entities correspond <span class=\"_ _1\"></span>with the \u2018UK o<span class=\"_ _1\"></span>ther retail\u2019 business classification.<span class=\"_ _393\"> </span>The Group de<span class=\"_ _1\"></span>fines cover<span class=\"_ _1\"></span>age as the <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the ECL<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision divided by<span class=\"_ _1\"></span> the gr<span class=\"_ _1\"></span>oss carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated loans.<span class=\"_ _393\"> </span>An analysis of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loan portfolios between the stag<span class=\"_ _1\"></span>es defined abov<span class=\"_ _1\"></span>e is set out below<span class=\"_ _0\"></span>. <table class=\"s w153 hee\" id=\"_5b43048f-4528-4bea-be52-1791d0525cfa\"><tr><td></td><td class=\"c n x4ee y3cdc w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ef y3cdc w155 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2*<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f0 y3cdc w156 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3*<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f1 y3cdc w157 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f2 y3cdc w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cde ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3cdf ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3a wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f8 y3c3a w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,152.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f9 y3c3a w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">570.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fa y3c3a w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">176.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fb y3c3a w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fc y3c3a w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,908.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fd y3c5d w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,216.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fe y3c5d w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ff y3c5d w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">154.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x500 y3c5d w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x501 y3c5d w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,521.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x502 y3c5e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,368.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x503 y3c5e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">719.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x504 y3c5e w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">330.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c5e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x505 y3c5e w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,429.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce0 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c5f wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x506 y3c5f w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x507 y3c5f w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x508 y3c5f w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(28.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x509 y3c5f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x50a y3c5f w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(31.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x50b y3c60 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(10.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50c y3c60 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50d y3c60 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(42.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50e y3c60 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x50f y3c60 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(56.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x510 y3c40 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x507 y3c40 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x508 y3c40 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(70.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x509 y3c40 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x50a y3c40 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(87.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce1 ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c61 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f8 y3c61 w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,150.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f9 y3c61 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">568.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fa y3c61 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">147.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fb y3c61 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fc y3c61 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,876.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fd y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,206.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fe y3c63 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">146.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ff y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">112.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x500 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x501 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,464.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x502 y3c4e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,356.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x503 y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">715.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x504 y3c4e w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">259.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x505 y3c4e w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce2 ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x511 y3c62 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.01%<span class=\"_ _393\"> </span></div></td><td class=\"c n x512 y3c62 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.23%<span class=\"_ _393\"> </span></div></td><td class=\"c n x513 y3c62 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.18%<span class=\"_ _393\"> </span></div></td><td class=\"c n x514 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x515 y3c62 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.23%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x516 y3c65 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.48%<span class=\"_ _393\"> </span></div></td><td class=\"c n x517 y3c65 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.14%<span class=\"_ _393\"> </span></div></td><td class=\"c n x518 y3c65 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.41%<span class=\"_ _393\"> </span></div></td><td class=\"c n x386 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x519 y3c65 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.23%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x51a y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.08%<span class=\"_ _393\"> </span></div></td><td class=\"c n x51b y3c48 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.63%<span class=\"_ _393\"> </span></div></td><td class=\"c n x51c y3c48 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.43%<span class=\"_ _393\"> </span></div></td><td class=\"c n x51d y3c48 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x51e y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.53%<span class=\"_ _393\"> </span></div></td></tr></table>*Stage 2 and 3 balances are analy<span class=\"_ _1\"></span>sed in more detail below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w15e hee\" id=\"_ef3b1da1-0c8a-496a-aa71-7512afd4edf5\"><tr><td></td><td class=\"c n x51f y3cdc w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x520 y3cdc w155 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2*<span class=\"_ _393\"> </span></div></td><td class=\"c n x521 y3cdc w156 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3*<span class=\"_ _393\"> </span></div></td><td class=\"c n x522 y3cdc w157 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x523 y3cdc w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3ce3 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h4e y3ce4 ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3ce5 wbd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x524 y3ce5 w15f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12,670.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x525 y3ce5 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">598.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x526 y3ce5 w4b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">171.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x527 y3ce5 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">10.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x528 y3ce5 w5f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13,451.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ce6 wbe hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fd y3ce6 w4f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,034.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x529 y3ce6 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">177.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x52a y3ce6 w4b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">112.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x52b y3ce6 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x52c y3ce6 w4f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,331.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x502 y3c5e w15f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,705.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x52d y3c5e w96 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x52e y3c5e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c5e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x48c y3c5e w55 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3ce7 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3ce8 wbd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x506 y3ce8 wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x52f y3ce8 wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x530 y3ce8 w71 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(29.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x531 y3ce8 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x532 y3ce8 w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(35.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ce9 wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x50b y3ce9 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(12.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x533 y3ce9 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(5.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x534 y3ce9 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(21.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x535 y3ce9 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x536 y3ce9 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(41.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x510 y3c40 w95 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x52f y3c40 wa1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x530 y3c40 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(50.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x537 y3c40 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x538 y3c40 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(76.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cea ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3ceb wbd hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x524 y3ceb w15f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12,666.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x525 y3ceb w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">596.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x526 y3ceb w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">141.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x527 y3ceb w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">10.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x528 y3ceb w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13,415.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cec wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fd y3cec w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,022.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x529 y3cec w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">172.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x539 y3cec w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">91.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x53a y3cec w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x53b y3cec w18 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,289.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x502 y3c4e w15f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,689.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x52d y3c4e w96 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">768.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x52e y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">232.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x48c y3c4e w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3ced ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cee wbd hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x511 y3cee w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.03%<span class=\"_ _393\"> </span></div></td><td class=\"c n x53c y3cee w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.37%<span class=\"_ _393\"> </span></div></td><td class=\"c n x518 y3cee w161 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">17.36%<span class=\"_ _393\"> </span></div></td><td class=\"c n x53d y3cee w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x53e y3cee w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.26%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x516 y3cef w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.62%<span class=\"_ _393\"> </span></div></td><td class=\"c n x53f y3cef w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.82%<span class=\"_ _393\"> </span></div></td><td class=\"c n x540 y3cef w161 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">18.76%<span class=\"_ _393\"> </span></div></td><td class=\"c n x541 y3cef w163 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">39.06%<span class=\"_ _393\"> </span></div></td><td class=\"c n x542 y3cef w164 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.77%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x51a y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.11%<span class=\"_ _393\"> </span></div></td><td class=\"c n x543 y3c48 w160 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.93%<span class=\"_ _393\"> </span></div></td><td class=\"c n x544 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.91%<span class=\"_ _393\"> </span></div></td><td class=\"c n x545 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.62%<span class=\"_ _393\"> </span></div></td><td class=\"c n x546 y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.48%<span class=\"_ _393\"> </span></div></td></tr></table>*Stage 2 and 3 balances are analy<span class=\"_ _1\"></span>sed in more detail below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Finance leases included above, analy<span class=\"_ _1\"></span>sed by<span class=\"_ _1\"></span> staging, <span class=\"_ _1\"></span>were:<span class=\"_ _393\"> </span><table class=\"s w165 hef\" id=\"_56a4c1ca-2a58-4e10-b0bc-a631c5e43da4\"><tr><td></td><td class=\"c n x51f y3c9b w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x547 y3c9b w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x548 y3c9b w166 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x549 y3c9b w157 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x54a y3c9b w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cf1 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cf2 w167 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></div></td><td class=\"c n x54b y3cf2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,024.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x54c y3cf2 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x54d y3cf2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x54e y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x54f y3cf2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,058.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w168 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></div></td><td class=\"c n x550 y3ca3 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x551 y3ca3 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x552 y3ca3 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x553 y3ca3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x554 y3ca3 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf3 w169 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></div></td><td class=\"c n x555 y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,020.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x556 y3cf3 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x557 y3cf3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x558 y3cf3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x559 y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,049.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd9 w16a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age Ratio<span class=\"_ _393\"> </span></div></td><td class=\"c n x55a y3cd9 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.38%<span class=\"_ _393\"> </span></div></td><td class=\"c n x55b y3cd9 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.52%<span class=\"_ _393\"> </span></div></td><td class=\"c n x55c y3cd9 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">40.91%<span class=\"_ _393\"> </span></div></td><td class=\"c n x55d y3cd9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x55e y3cd9 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.79%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cf4 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w167 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></div></td><td class=\"c n x55f y3c4f w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">958.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x560 y3c4f w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">40.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x561 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x562 y3c4f w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x563 y3c4f w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,006.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w168 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></div></td><td class=\"c n x550 y3c45 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(4.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x507 y3c45 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x564 y3c45 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(3.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3c45 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x566 y3c45 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(10.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w169 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></div></td><td class=\"c n x567 y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">953.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x568 y3c62 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">37.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x569 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x39b y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x56a y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">995.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w16a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age Ratio<span class=\"_ _393\"> </span></div></td><td class=\"c n x55a y3c48 w160 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.51%<span class=\"_ _393\"> </span></div></td><td class=\"c n x56b y3c48 w160 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.88%<span class=\"_ _393\"> </span></div></td><td class=\"c n x248 y3c48 w161 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">41.56%<span class=\"_ _393\"> </span></div></td><td class=\"c n x56c y3c48 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x56d y3c48 w162 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.08%<span class=\"_ _393\"> </span></div></td></tr></table>In terms of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s credit management pr<span class=\"_ _1\"></span>ocesses, Stage 1 cases <span class=\"_ _1\"></span>will fall <span class=\"_ _1\"></span>within the appr<span class=\"_ _1\"></span>opriate customer<span class=\"_ _1\"></span> servicing functions and Stage 2 cases <span class=\"_ _1\"></span>will be subject to account manag<span class=\"_ _1\"></span>ement arrangements. Stag<span class=\"_ _1\"></span>e 3 cases will include both <span class=\"_ _1\"></span>those subject t<span class=\"_ _1\"></span>o reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> or similar pr<span class=\"_ _1\"></span>ocesses and those <span class=\"_ _1\"></span>which, though being manag<span class=\"_ _1\"></span>ed on a long-term basis, ar<span class=\"_ _1\"></span>e included with de<span class=\"_ _1\"></span>faulted accounts for<span class=\"_ _0\"></span> regulatory purposes. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, these br<span class=\"_ _1\"></span>oad categorisations may<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>ary<span class=\"_ _1\"></span> between differ<span class=\"_ _1\"></span>ent pr<span class=\"_ _1\"></span>oduct types.<span class=\"_ _393\"> </span>POCI balances included in the Commer<span class=\"_ _1\"></span>cial Lending segment ar<span class=\"_ _1\"></span>ose principally<span class=\"_ _1\"></span> from acquir<span class=\"_ _1\"></span>ed businesses, wher<span class=\"_ _0\"></span>e those assets wer<span class=\"_ _1\"></span>e identified as credit impair<span class=\"_ _1\"></span>ed at <span class=\"_ _1\"></span>the point of acquisition <span class=\"_ _1\"></span>when the acquir<span class=\"_ _1\"></span>ed portfolios as a <span class=\"_ _1\"></span>whole w<span class=\"_ _1\"></span>ere e<span class=\"_ _1\"></span>valuated. <span class=\"_ _1\"></span>Additional pr<span class=\"_ _1\"></span>ovision arising on these assets post-<span class=\"_ _1\"></span>acquisition was sho<span class=\"_ _1\"></span>wn as \u2018Impairment Pro<span class=\"_ _1\"></span>vision\u2019 abo<span class=\"_ _1\"></span>ve.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s acquired secur<span class=\"_ _1\"></span>ed consumer loans ar<span class=\"_ _0\"></span>e included in the Mortgage Lending segment, <span class=\"_ _1\"></span>together<span class=\"_ _0\"></span> with its closed second charge mortgage portfolios. <span class=\"_ _0\"></span>Acquired loans which <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e performing on acquisition ar<span class=\"_ _1\"></span>e included in the staging analysis abo<span class=\"_ _1\"></span>ve.<span class=\"_ _393\"> </span>Acquired portf<span class=\"_ _1\"></span>olios of<span class=\"_ _1\"></span> second charge mortgag<span class=\"_ _1\"></span>e assets which <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e largely<span class=\"_ _1\"></span> non-performing at acquisition, and <span class=\"_ _1\"></span>which wer<span class=\"_ _1\"></span>e purchased at a deep discount t<span class=\"_ _1\"></span>o face <span class=\"_ _1\"></span>value, ar<span class=\"_ _1\"></span>e shown as POCI assets abov<span class=\"_ _1\"></span>e. <span class=\"_ _1\"></span>Although no pro<span class=\"_ _1\"></span>vision is shown abov<span class=\"_ _1\"></span>e for<span class=\"_ _0\"></span> such assets, the effect of<span class=\"_ _1\"></span> the discount on purchase is included in <span class=\"_ _1\"></span>the gross <span class=\"_ _1\"></span>value ensuring <span class=\"_ _1\"></span>that the carrying <span class=\"_ _1\"></span>value is substantially<span class=\"_ _0\"></span> less than the current<span class=\"_ _1\"></span> balances due fr<span class=\"_ _1\"></span>om customers and the le<span class=\"_ _1\"></span>vel of<span class=\"_ _0\"></span> cover is considerable. <span class=\"_ _0\"></span>These balances continue to reduce as cust<span class=\"_ _1\"></span>omers make r<span class=\"_ _1\"></span>epayments.<span class=\"_ _393\"> </span>Analysis of<span class=\"_ _1\"></span> Stage 2 loans The table belo<span class=\"_ _1\"></span>w analy<span class=\"_ _1\"></span>ses the accounts in Stage 2 be<span class=\"_ _1\"></span>tween those no<span class=\"_ _1\"></span>t more <span class=\"_ _1\"></span>than one month in arrears <span class=\"_ _1\"></span>where an SICR has none<span class=\"_ _1\"></span>theless been identified fr<span class=\"_ _1\"></span>om other inf<span class=\"_ _1\"></span>ormation and accounts more <span class=\"_ _1\"></span>than one month in arrears.<span class=\"_ _393\"> </span>Cases which hav<span class=\"_ _1\"></span>e been great<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>than one month in arrears in <span class=\"_ _1\"></span>the last thr<span class=\"_ _1\"></span>ee months, but <span class=\"_ _1\"></span>which are not at<span class=\"_ _1\"></span> the balance sheet date ar<span class=\"_ _1\"></span>e shown as \u2018r<span class=\"_ _1\"></span>ecent arrears<span class=\"_ _1\"></span>\u2019 in the <span class=\"_ _1\"></span>tables below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>In all cases accounts which ar<span class=\"_ _1\"></span>e more <span class=\"_ _1\"></span>than one month in arrears, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>this is a meaningful measure, ar<span class=\"_ _0\"></span>e considered to hav<span class=\"_ _1\"></span>e an SICR. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, in certain loan portfolios, regular<span class=\"_ _0\"></span> monthly payments of<span class=\"_ _1\"></span> pre-set amounts ar<span class=\"_ _1\"></span>e not r<span class=\"_ _1\"></span>equired and hence <span class=\"_ _1\"></span>this criterion cannot be used.<span class=\"_ _393\"> </span>The Group uses arr<span class=\"_ _1\"></span>ears multiples as a pr<span class=\"_ _1\"></span>oxy<span class=\"_ _1\"></span> for<span class=\"_ _0\"></span> days past due, as this measur<span class=\"_ _1\"></span>e is commonly used in its arr<span class=\"_ _1\"></span>ears r<span class=\"_ _1\"></span>eporting. <span class=\"_ _1\"></span>A loan <span class=\"_ _1\"></span>will generally<span class=\"_ _1\"></span> be one month in arrears <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the point at <span class=\"_ _1\"></span>which a payment is one day<span class=\"_ _1\"></span> past due until it is <span class=\"_ _1\"></span>thirty day<span class=\"_ _1\"></span>s past due.<span class=\"_ _393\"> </span>The v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> Stage 2 loans in <span class=\"_ _1\"></span>the mortgage segment has declined a little in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>with economic conditions stable but somewhat<span class=\"_ _1\"></span> adverse. <span class=\"_ _1\"></span>The number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> cases incurring arrears incr<span class=\"_ _1\"></span>eased, particularly in <span class=\"_ _1\"></span>the second half o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>, meaning that both the number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> Stage 2 arr<span class=\"_ _1\"></span>ears accounts and that o<span class=\"_ _1\"></span>f accounts curing <span class=\"_ _1\"></span>from Stag<span class=\"_ _1\"></span>e 2 arrears <span class=\"_ _1\"></span>was heightened. <span class=\"_ _1\"></span>The most significant part<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Stage 2 balance remains cases identified <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>their PD scor<span class=\"_ _1\"></span>es, although the siz<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>this balance reduced in <span class=\"_ _1\"></span>the period, as accounts mov<span class=\"_ _1\"></span>ed to arrears. Both pro<span class=\"_ _1\"></span>vision cov<span class=\"_ _1\"></span>erage le<span class=\"_ _1\"></span>vels f<span class=\"_ _1\"></span>or Stag<span class=\"_ _1\"></span>e 2 Mortgage L<span class=\"_ _1\"></span>ending cases, and the absolute le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ovision hav<span class=\"_ _1\"></span>e reduced in <span class=\"_ _1\"></span>the period. This is principally r<span class=\"_ _0\"></span>elated to cases identified thr<span class=\"_ _1\"></span>ough their<span class=\"_ _1\"></span> PD, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the effect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the slow<span class=\"_ _1\"></span>, but continuing gr<span class=\"_ _1\"></span>owth in house prices, and theref<span class=\"_ _1\"></span>ore security<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues, has reduced e<span class=\"_ _1\"></span>xposure in <span class=\"_ _1\"></span>the period. T<span class=\"_ _1\"></span>he cover<span class=\"_ _1\"></span>age lev<span class=\"_ _1\"></span>els have also been r<span class=\"_ _1\"></span>educed as a result<span class=\"_ _1\"></span> of some long standing, high pro<span class=\"_ _1\"></span>vision cases having mo<span class=\"_ _1\"></span>ved thr<span class=\"_ _1\"></span>ough t<span class=\"_ _1\"></span>o Stage 3, and in some cases realisation, in <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or Commercial L<span class=\"_ _1\"></span>ending cases, v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> Stage 2 accounts hav<span class=\"_ _1\"></span>e reduced significantly<span class=\"_ _0\"></span>, with the most mark<span class=\"_ _1\"></span>ed mov<span class=\"_ _1\"></span>ement in non-arrear<span class=\"_ _1\"></span>s cases. This principally<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>elates to <span class=\"_ _1\"></span>the Stage 2 element o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the development<span class=\"_ _1\"></span> finance book, wher<span class=\"_ _1\"></span>e a number<span class=\"_ _1\"></span> of cases <span class=\"_ _1\"></span>with identified issues have mo<span class=\"_ _1\"></span>ved <span class=\"_ _1\"></span>to Stage 3 in <span class=\"_ _1\"></span>the period. T<span class=\"_ _1\"></span>he tr<span class=\"_ _1\"></span>end for<span class=\"_ _1\"></span> Stage 2 arr<span class=\"_ _1\"></span>ears cases in the period <span class=\"_ _1\"></span>was mildly<span class=\"_ _1\"></span> positive, r<span class=\"_ _1\"></span>eflecting the more stable economic envir<span class=\"_ _0\"></span>onment.<span class=\"_ _393\"> </span>Stage 2 cov<span class=\"_ _1\"></span>erage has r<span class=\"_ _1\"></span>educed in the Commer<span class=\"_ _1\"></span>cial L<span class=\"_ _1\"></span>ending segment. This is lar<span class=\"_ _1\"></span>gely<span class=\"_ _1\"></span> a result of<span class=\"_ _1\"></span> the mo<span class=\"_ _1\"></span>vement o<span class=\"_ _1\"></span>f de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance cases, some with significant co<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e, fr<span class=\"_ _1\"></span>om Stage 2 t<span class=\"_ _1\"></span>o Stage 3 in the period. <span class=\"_ _0\"></span>This has caused a reduction in cover<span class=\"_ _1\"></span>age on non-arr<span class=\"_ _1\"></span>ears accounts. Cover<span class=\"_ _1\"></span>age on the r<span class=\"_ _1\"></span>elatively<span class=\"_ _1\"></span> low<span class=\"_ _1\"></span> number o<span class=\"_ _1\"></span>f Stag<span class=\"_ _1\"></span>e 2 arrears cases in <span class=\"_ _1\"></span>the segment tends <span class=\"_ _1\"></span>to be idios<span class=\"_ _1\"></span>yncratic, based on the nature of<span class=\"_ _0\"></span> security available on each of<span class=\"_ _1\"></span> the cases included.<span class=\"_ _393\"> </span><table class=\"s w16b hf0\" id=\"_dbdc184a-6d0b-4d51-a908-6fdee2de202c\"><tr><td></td><td class=\"t m0 x56e h4e y3cf5 ff49 fs4 fc1 sc0 ls0 ws0\">&lt; 1 month </td><td class=\"t m0 x56f h4e y3cf5 ff49 fs4 fc1 sc0 ls0 ws0\">Recent </td><td class=\"t m0 x570 h4e y3cf5 ff49 fs4 fc1 sc0 ls0 ws0\">&gt; 1 &lt;= 3 months </td><td class=\"t m0 x376 h4e y3cf5 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 x571 h4e y3cf6 ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td class=\"t m0 x572 h4e y3cf6 ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td class=\"t m0 x573 h4e y3cf6 ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x4e6 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3cdd w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x574 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x575 y3cdd w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cf7 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3cf8 ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3a wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x576 y3c3a w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">475.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x577 y3c3a w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x527 y3c3a w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">73.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x578 y3c3a w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">570.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3b wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3c3b w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">145.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x336 y3c3b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x579 y3c3b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3c3b w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c5e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">620.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x57c y3c5e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c5e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x329 y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">719.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cf9 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3e wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x57d y3c3e w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x57e y3c3e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x57f y3c3e w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x580 y3c3e w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x581 y3c60 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x582 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x583 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x584 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x585 y3c40 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x586 y3c40 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x587 y3c40 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x588 y3c40 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cfa ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x576 y3c43 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">474.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x577 y3c43 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x527 y3c43 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">73.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x578 y3c43 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">568.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3c63 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x336 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x579 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">146.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">617.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x57c y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">75.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x329 y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">715.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cfb ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x589 y3c50 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.17%<span class=\"_ _393\"> </span></div></td><td class=\"c n x58a y3c50 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x58b y3c50 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.68%<span class=\"_ _393\"> </span></div></td><td class=\"c n x58c y3c50 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.23%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x58d y3c65 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.78%<span class=\"_ _393\"> </span></div></td><td class=\"c n x58e y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.38%<span class=\"_ _393\"> </span></div></td><td class=\"c n x58f y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.81%<span class=\"_ _393\"> </span></div></td><td class=\"c n x590 y3c65 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.14%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x591 y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.55%<span class=\"_ _393\"> </span></div></td><td class=\"c n x592 y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.89%<span class=\"_ _393\"> </span></div></td><td class=\"c n x593 y3c48 w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.18%<span class=\"_ _393\"> </span></div></td><td class=\"c n x594 y3c48 w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.63%<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w16d hf0\" id=\"_7a045646-ccff-47fd-a807-e5a532d0df29\"><tr><td></td><td class=\"t m0 x595 h4e y3cfc ff49 fs4 fc1 sc0 ls0 ws0\">&lt; 1 month </td><td class=\"t m0 x596 h4e y3cfc ff49 fs4 fc1 sc0 ls0 ws0\">Recent </td><td class=\"t m0 x597 h4e y3cfc ff49 fs4 fc1 sc0 ls0 ws0\">&gt; 1 &lt;= 3 months </td><td class=\"t m0 x316 h4e y3cfc ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 x598 h4e y3cfd ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td class=\"t m0 x599 h4e y3cfd ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td class=\"t m0 x59a h4e y3cfd ff49 fs4 fc1 sc0 ls0 ws0\">arrears<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x31a y3c37 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c37 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31c y3c37 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31d y3c37 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3cfe ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h4e y3cff ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d00 wbd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x576 y3d00 w96 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">521.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x59b y3d00 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3d00 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">63.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x59c y3d00 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">598.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d01 wbe hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3d01 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">171.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x35a y3d01 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x444 y3d01 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x452 y3d01 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">177.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c5e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">693.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x59d y3c5e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c5e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">66.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x353 y3c5e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d02 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d03 wbd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x57d y3d03 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x57e y3d03 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x59e y3d03 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x59f y3d03 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d04 wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x581 y3d04 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a0 y3d04 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a1 y3d04 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a2 y3d04 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(5.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x585 y3c40 wa1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(6.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a3 y3c40 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a4 y3c40 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x554 y3c40 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d05 ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d06 wbd hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x576 y3d06 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">520.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x59b y3d06 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3d06 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">63.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x59c y3d06 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">596.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d07 wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x33c y3d07 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">167.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x35a y3d07 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x444 y3d07 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x452 y3d07 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">172.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">687.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x59d y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x353 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">768.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d08 ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d09 wbd hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x589 y3d09 w160 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.33%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a5 y3d09 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a6 y3d09 w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.79%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a7 y3d09 w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.37%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef wbe hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x58d y3cef w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.62%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a8 y3cef w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.70%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a9 y3cef w163 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.38%<span class=\"_ _393\"> </span></div></td><td class=\"c n x519 y3cef w162 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.82%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x591 y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.89%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5aa y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.62%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ab y3c48 w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.36%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ac y3c48 w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.93%<span class=\"_ _393\"> </span></div></td></tr></table>Analysis of<span class=\"_ _1\"></span> Stage 3 loans<span class=\"_ _393\"> </span>The table belo<span class=\"_ _1\"></span>w analy<span class=\"_ _1\"></span>ses the accounts in Stage 3 be<span class=\"_ _1\"></span>tween those:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>In the pr<span class=\"_ _1\"></span>ocess of<span class=\"_ _1\"></span> sale or o<span class=\"_ _1\"></span>ther enfor<span class=\"_ _1\"></span>cement pr<span class=\"_ _1\"></span>ocedures (\u2018R<span class=\"_ _1\"></span>ealisations\u2019)<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Where a r<span class=\"_ _1\"></span>eceiver<span class=\"_ _0\"></span> of rent (\u2018R<span class=\"_ _1\"></span>oR\u2019) has been appointed by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup to manag<span class=\"_ _1\"></span>e the pr<span class=\"_ _1\"></span>operty on <span class=\"_ _1\"></span>the customers<span class=\"_ _1\"></span>\u2019 behalf<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Which are being manag<span class=\"_ _1\"></span>ed on a long-t<span class=\"_ _1\"></span>erm basis and wher<span class=\"_ _1\"></span>e full r<span class=\"_ _1\"></span>ecovery<span class=\"_ _1\"></span> is possible, but <span class=\"_ _1\"></span>which are consider<span class=\"_ _1\"></span>ed to meet r<span class=\"_ _0\"></span>egulatory default criteria at <span class=\"_ _1\"></span>the balance sheet date (\u2018&gt;3 month arr<span class=\"_ _1\"></span>ears\u2019). <span class=\"_ _0\"></span>This category includes accounts identified as defaults using non-arrear<span class=\"_ _1\"></span>s based unlikeliness <span class=\"_ _1\"></span>to pay<span class=\"_ _1\"></span> (\u2018UTP\u2019) indicators<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Which no longer<span class=\"_ _1\"></span> meet r<span class=\"_ _1\"></span>egulatory def<span class=\"_ _1\"></span>ault criteria, but <span class=\"_ _1\"></span>which are being r<span class=\"_ _1\"></span>etained in Stage 3 <span class=\"_ _1\"></span>for a pr<span class=\"_ _0\"></span>obationary period (\u2018Probation\u2019)<span class=\"_ _393\"> </span>Where an account meets <span class=\"_ _1\"></span>two o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the criteria, it will be assigned <span class=\"_ _1\"></span>to the categ<span class=\"_ _1\"></span>ory sho<span class=\"_ _1\"></span>wn first in <span class=\"_ _1\"></span>the list abov<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span>RoR accounts in Stage 3 ma<span class=\"_ _1\"></span>y be <span class=\"_ _1\"></span>fully up-<span class=\"_ _1\"></span>to-date with <span class=\"_ _1\"></span>full reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> possible. T<span class=\"_ _1\"></span>hese accounts are included in Stag<span class=\"_ _1\"></span>e 3 as the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e classified as defaulted f<span class=\"_ _1\"></span>or r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> purposes.<span class=\"_ _393\"> </span>The v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> Stage 3 cases in <span class=\"_ _1\"></span>the Mortgage L<span class=\"_ _1\"></span>ending segment has remained stable in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>, as cases impacted by <span class=\"_ _1\"></span>the economic issues of r<span class=\"_ _0\"></span>ecent years continue <span class=\"_ _1\"></span>to make <span class=\"_ _1\"></span>their <span class=\"_ _1\"></span>wa<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>the syst<span class=\"_ _1\"></span>em. While <span class=\"_ _1\"></span>the number o<span class=\"_ _1\"></span>f live arr<span class=\"_ _0\"></span>ears cases has grown, the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of r<span class=\"_ _0\"></span>ent book continues to reduce as older<span class=\"_ _1\"></span> cases ar<span class=\"_ _1\"></span>e work<span class=\"_ _1\"></span>ed out.<span class=\"_ _393\"> </span>While new<span class=\"_ _1\"></span> receiv<span class=\"_ _1\"></span>ership arrangements continued <span class=\"_ _1\"></span>to be put in place in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, these hav<span class=\"_ _1\"></span>e generally<span class=\"_ _1\"></span> mov<span class=\"_ _1\"></span>ed to sale mor<span class=\"_ _1\"></span>e quickly<span class=\"_ _0\"></span>, based on the positiv<span class=\"_ _1\"></span>e property<span class=\"_ _1\"></span> market. Ho<span class=\"_ _1\"></span>we<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the Group continues <span class=\"_ _1\"></span>to use the r<span class=\"_ _1\"></span>eceivership pr<span class=\"_ _1\"></span>ocess t<span class=\"_ _1\"></span>o ensure good out<span class=\"_ _1\"></span>comes for<span class=\"_ _1\"></span> its landlord customers, <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> tenants and itself<span class=\"_ _1\"></span> and, wher<span class=\"_ _1\"></span>e appropriate, <span class=\"_ _1\"></span>will manage <span class=\"_ _1\"></span>these accounts on a longer<span class=\"_ _1\"></span>-term basis.<span class=\"_ _393\"> </span>Stage 3 cov<span class=\"_ _1\"></span>erage le<span class=\"_ _1\"></span>vels in <span class=\"_ _1\"></span>the Mortgage L<span class=\"_ _1\"></span>ending segment ar<span class=\"_ _1\"></span>e a little reduced, a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> increasing pr<span class=\"_ _1\"></span>operty <span class=\"_ _1\"></span>values in <span class=\"_ _1\"></span>the period pro<span class=\"_ _1\"></span>viding enhanced security and also of<span class=\"_ _1\"></span> the cry<span class=\"_ _1\"></span>stallisation of<span class=\"_ _1\"></span> losses on some older<span class=\"_ _0\"></span>, heavily pro<span class=\"_ _1\"></span>vided, receiv<span class=\"_ _1\"></span>ership cases.<span class=\"_ _393\"> </span>The gro<span class=\"_ _1\"></span>wth in Stage 3 cases in <span class=\"_ _1\"></span>the Commercial L<span class=\"_ _1\"></span>ending division is attributable largely<span class=\"_ _1\"></span> to a number<span class=\"_ _0\"></span> of cases in the de<span class=\"_ _1\"></span>velopment finance business impacted by<span class=\"_ _1\"></span> issues in the UK<span class=\"_ _1\"></span> building sector o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> recent periods. <span class=\"_ _0\"></span>These appear in the \u2018&gt;3 month arr<span class=\"_ _1\"></span>ears\u2019 and \u2018realisations<span class=\"_ _1\"></span>\u2019 columns. While such cases enjo<span class=\"_ _1\"></span>y security<span class=\"_ _1\"></span> ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment funded, <span class=\"_ _1\"></span>the Group has <span class=\"_ _1\"></span>taken a car<span class=\"_ _1\"></span>eful appr<span class=\"_ _1\"></span>oach to estimating reco<span class=\"_ _1\"></span>verable <span class=\"_ _1\"></span>values, especially<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e the security<span class=\"_ _1\"></span> may<span class=\"_ _1\"></span> comprise an unfinished structure. F<span class=\"_ _0\"></span>or <span class=\"_ _1\"></span>the most at-risk cohort, <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s normal provisioning pr<span class=\"_ _0\"></span>ocess has been enhanced with focussed str<span class=\"_ _1\"></span>ess testing. <span class=\"_ _0\"></span>The performance of <span class=\"_ _1\"></span>this cohort has been the main driver<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the gr<span class=\"_ _0\"></span>owth in provision co<span class=\"_ _1\"></span>verage in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the segment and o<span class=\"_ _1\"></span>verall.<table class=\"s w97 hee\" id=\"_d0de7a7b-84a9-482a-b803-8bffdfdaa7b0\"><tr><td></td><td class=\"c n x5ad y3cdc w16e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Probation<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ae y3cdc w16f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">&gt; 3 mon<span class=\"_ _1\"></span>th arrears<span class=\"_ _393\"> </span></div></td><td class=\"c n x5af y3cdc w170 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>oR managed<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b0 y3cdc w171 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>ealisations<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b1 y3cdc w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cdd w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce3 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce4 ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb3 wbd hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b2 y3cb3 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3cb3 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b4 y3cb3 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3cb3 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">69.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b5 y3cb3 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">176.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d wbe hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b6 y3c5d w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b7 y3c5d w92 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">134.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b8 y3c5d w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b9 y3c5d w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ba y3c5d w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">154.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bb y3c5e w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bc y3c5e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">190.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c5e w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b9 y3c5e w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">89.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ba y3c5e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">330.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ce7 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c5f wbd hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3c5f w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x533 y3c5f w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bf y3c5f w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(8.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c0 y3c5f w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(19.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x345 y3c5f w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(28.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c1 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c2 y3c60 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(38.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c3 y3c60 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c4 y3c60 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c5 y3c60 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(42.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c6 y3c40 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c7 y3c40 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(38.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c8 y3c40 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(8.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c9 y3c40 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(23.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ca y3c40 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(70.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3cea ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c61 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b2 y3c61 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b4 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3c61 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">49.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b5 y3c61 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">147.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b6 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cb y3c63 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">95.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cc y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cd y3c63 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ce y3c63 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">112.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bb y3c4e w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bc y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">151.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c4e w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b9 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">66.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ba y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">259.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3ced ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cf y3c62 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.18%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d0 y3c62 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.14%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d1 y3c62 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.59%<span class=\"_ _393\"> </span></div></td><td class=\"c n x1aa y3c62 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.18%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d2 y3c65 w172 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d3 y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.87%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d4 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d5 y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.59%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d6 y3c65 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.41%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x51a y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.83%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d7 y3c48 w172 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">20.39%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d8 y3c48 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.14%<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c48 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.15%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d9 y3c48 w15d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.43%<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w173 hf1\" id=\"_d7c8359f-9106-48e2-a234-ab007924d822\"><tr><td></td><td class=\"c n x5ad y3d0a w16e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Probation<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ae y3d0a w16f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">&gt; 3 mon<span class=\"_ _1\"></span>th arrears<span class=\"_ _393\"> </span></div></td><td class=\"c n x5af y3d0a w170 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>oR managed<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b0 y3d0a w171 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>ealisations<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b1 y3d0a w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3c37 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d0b ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3d0c ff49 fs4 fc1 sc0 ls0 ws0\">Gross loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d00 wbd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b2 y3d00 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5da y3d00 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5db y3d00 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">45.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dc y3d00 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">71.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dd y3d00 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">171.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d01 wbe hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b6 y3d01 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5de y3d01 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">105.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5df y3d01 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e0 y3d01 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e1 y3d01 w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">112.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d0d w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bb y3d0d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3d0d w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x59d y3d0d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3d0d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">78.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x353 y3d0d w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d0e ff49 fs4 fc1 sc0 ls0 ws0\">Impairment provision<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d03 wbd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3d03 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x533 y3d03 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x534 y3d03 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(11.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x49a y3d03 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(17.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e2 y3d03 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(29.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d04 wbe hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c1 y3d04 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e3 y3d04 w95 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(17.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e4 y3d04 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e5 y3d04 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(3.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e6 y3d04 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(21.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c6 y3c40 wa1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e7 y3c40 w95 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(18.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e8 y3c40 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(11.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e9 y3c40 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(21.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ea y3c40 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(50.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d0f ff49 fs4 fc1 sc0 ls0 ws0\">Net loan book<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d06 wbd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b2 y3d06 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5da y3d06 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">43.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5db y3d06 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">34.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dc y3d06 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">53.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x5dd y3d06 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">141.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d07 wbe hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b6 y3d07 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5eb y3d07 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">87.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ec y3d07 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ed y3d07 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ee y3d07 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">91.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bb y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">131.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x59d y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">34.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">57.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x353 y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">232.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d10 ff49 fs4 fc1 sc0 ls0 ws0\">Cover<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d09 wbd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3d09 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5cf y3d09 w160 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.57%<span class=\"_ _393\"> </span></div></td><td class=\"c n x4d5 y3d09 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">24.78%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d1 y3d09 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">25.07%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ef y3d09 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">17.36%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d11 wbe hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x5d2 y3d11 w174 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">25.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f0 y3d11 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">16.86%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f1 y3d11 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f2 y3d11 w163 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">46.48%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f3 y3d11 w161 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">18.76%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x51a y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.93%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f4 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f5 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.78%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f6 y3c48 w161 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.02%<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f7 y3c48 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.91%<span class=\"_ _393\"> </span></div></td></tr></table>The security <span class=\"_ _0\"></span>values available <span class=\"_ _1\"></span>to reduce exposur<span class=\"_ _1\"></span>e at default in <span class=\"_ _1\"></span>the calculation shown abo<span class=\"_ _1\"></span>ve f<span class=\"_ _1\"></span>or S<span class=\"_ _1\"></span>tage 3 accounts are set<span class=\"_ _1\"></span> out below<span class=\"_ _0\"></span>. The estimated <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the security<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esents, f<span class=\"_ _1\"></span>or each account, <span class=\"_ _1\"></span>the lesser o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation estimate and the exposur<span class=\"_ _0\"></span>e at default in the central scenario<span class=\"_ _1\"></span>. Security <span class=\"_ _1\"></span>values ar<span class=\"_ _1\"></span>e based on the most r<span class=\"_ _1\"></span>ecent <span class=\"_ _1\"></span>valuation of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant asset held b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group, inde<span class=\"_ _1\"></span>xed or<span class=\"_ _1\"></span> depreciated as appr<span class=\"_ _1\"></span>opriate.<span class=\"_ _393\"> </span><table class=\"s wd8 hf2\" id=\"_da4d7343-9a37-4cce-8004-65b1aaf47d5d\"><tr><td></td><td class=\"c n x36b y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x436 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f8 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w122 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">First mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td><td class=\"c n x5f9 y3c4f w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">129.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fa y3c4f w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">119.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w175 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Second mortgag<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fb y3c45 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fc y3c45 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x49f y3c50 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a0 y3c50 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w135 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Motor finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fd y3c65 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fe y3c65 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">139.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">130.2<span class=\"_ _393\"> </span></div></td></tr></table>The RoR manag<span class=\"_ _1\"></span>ed accounts are being managed <span class=\"_ _1\"></span>to ensur<span class=\"_ _1\"></span>e the optimal r<span class=\"_ _1\"></span>esolution for<span class=\"_ _0\"></span> landlords, tenants and lenders and hav<span class=\"_ _1\"></span>e largely<span class=\"_ _1\"></span> reached a long<span class=\"_ _1\"></span>-term, stable position, but <span class=\"_ _1\"></span>the existence of<span class=\"_ _1\"></span> the R<span class=\"_ _1\"></span>oR arrangement causes <span class=\"_ _1\"></span>the accounts to be <span class=\"_ _1\"></span>treated as de<span class=\"_ _1\"></span>faulted for<span class=\"_ _0\"></span> regulatory<span class=\"_ _1\"></span> purposes. <span class=\"_ _1\"></span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s RoR arrang<span class=\"_ _1\"></span>ements are described in mor<span class=\"_ _1\"></span>e detail below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Mortgage L<span class=\"_ _1\"></span>ending balances with o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee months arrears include second char<span class=\"_ _1\"></span>ge mortgage accounts originated o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>en year<span class=\"_ _1\"></span>s ago which ha<span class=\"_ _1\"></span>ve been o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee months in arrears <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> some time. <span class=\"_ _1\"></span>These accounts are g<span class=\"_ _1\"></span>enerally<span class=\"_ _1\"></span> making regular<span class=\"_ _1\"></span> payments and hav<span class=\"_ _1\"></span>e significant lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> equity in <span class=\"_ _1\"></span>the underlying property<span class=\"_ _1\"></span> which r<span class=\"_ _1\"></span>educes the r<span class=\"_ _1\"></span>equired pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>value sho<span class=\"_ _1\"></span>wn above. It<span class=\"_ _1\"></span> is expected that a high proportion o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these accounts will e<span class=\"_ _1\"></span>ventually<span class=\"_ _1\"></span> redeem naturally<span class=\"_ _0\"></span>, either on <span class=\"_ _1\"></span>the sale of <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> the satisfaction of<span class=\"_ _1\"></span> the amount due thr<span class=\"_ _1\"></span>ough instalment payments.<span class=\"_ _393\"> </span>Buy-to-le<span class=\"_ _1\"></span>t receiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent cases (Stag<span class=\"_ _1\"></span>e 3)<span class=\"_ _393\"> </span>Where a buy<span class=\"_ _1\"></span>-to-let mortgag<span class=\"_ _1\"></span>e customer in England or<span class=\"_ _0\"></span> W<span class=\"_ _1\"></span>ales falls into arr<span class=\"_ _1\"></span>ears on their<span class=\"_ _0\"></span> account the Group has the po<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> to appoint a receiv<span class=\"_ _1\"></span>er of<span class=\"_ _0\"></span> rent (\u2018RoR\u2019) under<span class=\"_ _1\"></span> the Law<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> Property<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>ct. T<span class=\"_ _1\"></span>he receiver<span class=\"_ _0\"></span> will then manage <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> on behalf o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the customer<span class=\"_ _0\"></span>, collecting rents and r<span class=\"_ _1\"></span>emitting them <span class=\"_ _1\"></span>to make pa<span class=\"_ _1\"></span>yments on the account. <span class=\"_ _1\"></span>While the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> has the po<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> to sell <span class=\"_ _1\"></span>the property<span class=\"_ _0\"></span>, in many cases <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> will operate it as a buy-<span class=\"_ _1\"></span>to-let on at least a short<span class=\"_ _1\"></span> to medium <span class=\"_ _1\"></span>term basis, potentially<span class=\"_ _1\"></span> longer<span class=\"_ _0\"></span>, depending on the individual circumstances of <span class=\"_ _1\"></span>the case. <span class=\"_ _1\"></span>This causes less disruption t<span class=\"_ _1\"></span>o the <span class=\"_ _1\"></span>tenants and may<span class=\"_ _1\"></span> result in <span class=\"_ _1\"></span>the mortgage account r<span class=\"_ _1\"></span>eturning t<span class=\"_ _1\"></span>o performing status and the property<span class=\"_ _1\"></span> being handed back t<span class=\"_ _1\"></span>o the customer<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>While legacy<span class=\"_ _1\"></span> cases continued to be r<span class=\"_ _1\"></span>esolved in <span class=\"_ _1\"></span>the period, with <span class=\"_ _1\"></span>the number o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>e-<span class=\"_ _1\"></span>2020 appointments still in place reduced b<span class=\"_ _1\"></span>y 39%, ne<span class=\"_ _1\"></span>w RoR appointments continued <span class=\"_ _1\"></span>to be made in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, including on some larger<span class=\"_ _1\"></span> portfolio cases. <span class=\"_ _1\"></span>These ov<span class=\"_ _1\"></span>erwhelmingly r<span class=\"_ _1\"></span>elate to leg<span class=\"_ _1\"></span>acy<span class=\"_ _1\"></span> cases advanced bef<span class=\"_ _1\"></span>ore 2009 and <span class=\"_ _1\"></span>will ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e have a long r<span class=\"_ _1\"></span>ental history<span class=\"_ _0\"></span>, with tenants in place in many<span class=\"_ _1\"></span> cases. Over<span class=\"_ _1\"></span>all the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent portfolio has r<span class=\"_ _1\"></span>educed, with the pr<span class=\"_ _1\"></span>oportion in the cour<span class=\"_ _1\"></span>se of sale r<span class=\"_ _1\"></span>elatively<span class=\"_ _1\"></span> high, re<span class=\"_ _1\"></span>flecting a largely<span class=\"_ _1\"></span> positive pr<span class=\"_ _1\"></span>operty mark<span class=\"_ _1\"></span>et. The f<span class=\"_ _1\"></span>ollowing table analy<span class=\"_ _1\"></span>ses the number<span class=\"_ _1\"></span> and gross carrying <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f R<span class=\"_ _1\"></span>oR managed accounts shown abo<span class=\"_ _1\"></span>ve by<span class=\"_ _0\"></span> the date of <span class=\"_ _1\"></span>the receiv<span class=\"_ _1\"></span>ers\u2019 appointment, illustrating this position.<span class=\"_ _393\"> </span><table class=\"s w74 hdb\" id=\"_566ba200-564e-4eb8-bbc7-f80a63e4f3f4\"><tr><td></td><td></td><td class=\"c n x5ff y3c40 w176 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x600 y3c40 w177 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x601 y3c41 w178 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">No.<span class=\"_ _393\"> </span></div></td><td class=\"c n x602 y3c41 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x603 y3c41 w179 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">No.<span class=\"_ _393\"> </span></div></td><td class=\"c n x604 y3c41 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d12 ff49 fs4 fc1 sc0 ls0 ws0\">Managed accounts<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h6f y3d13 ff67 fs4 fc1 sc0 ls0 ws0\">Appointment date<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w17a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2010 and earlier<span class=\"_ _393\"> </span></div></td><td class=\"c n x605 y3c63 w30 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">63<span class=\"_ _393\"> </span></div></td><td class=\"c n x606 y3c63 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x607 y3c63 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">94<span class=\"_ _393\"> </span></div></td><td class=\"c n x608 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w17b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2011 to 2015<span class=\"_ _393\"> </span></div></td><td class=\"c n x609 y3c4e w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8<span class=\"_ _393\"> </span></div></td><td class=\"c n x60a y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x60b y3c4e w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n x60c y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w17b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2016 to 2020<span class=\"_ _393\"> </span></div></td><td class=\"c n x60d y3cb2 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x60e y3cb2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x60f y3cb2 w17c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6<span class=\"_ _393\"> </span></div></td><td class=\"c n x610 y3cb2 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w17d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2021 and later<span class=\"_ _393\"> </span></div></td><td class=\"c n x611 y3c98 w17e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">131<span class=\"_ _393\"> </span></div></td><td class=\"c n x612 y3c98 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x613 y3c98 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">167<span class=\"_ _393\"> </span></div></td><td class=\"c n x614 y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w180 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal managed accoun<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x615 y3c62 w17e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">202<span class=\"_ _393\"> </span></div></td><td class=\"c n x616 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x617 y3c62 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">283<span class=\"_ _393\"> </span></div></td><td class=\"c n x618 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w181 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accounts in the pr<span class=\"_ _1\"></span>ocess of realisation<span class=\"_ _393\"> </span></div></td><td class=\"c n x619 y3c65 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">370<span class=\"_ _393\"> </span></div></td><td class=\"c n x61a y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">68.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x61b y3c65 w182 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">356<span class=\"_ _393\"> </span></div></td><td class=\"c n x61c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">57.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x601 y3c48 w17e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">572<span class=\"_ _393\"> </span></div></td><td class=\"c n x61d y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">106.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x61e y3c48 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">639<span class=\"_ _393\"> </span></div></td><td class=\"c n x61f y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">102.8<span class=\"_ _393\"> </span></div></td></tr></table>RoR accounts in <span class=\"_ _1\"></span>the process of<span class=\"_ _1\"></span> realisation at<span class=\"_ _1\"></span> the period end ar<span class=\"_ _1\"></span>e included under <span class=\"_ _1\"></span>that heading in the Stag<span class=\"_ _1\"></span>e 3 tables abo<span class=\"_ _1\"></span>ve. In addition to the cases analy<span class=\"_ _1\"></span>sed above <span class=\"_ _1\"></span>there <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e no other<span class=\"_ _1\"></span> RoR cases in acquir<span class=\"_ _1\"></span>ed mortgage books classified as POCI (2024: <span class=\"_ _1\"></span>four), meaning <span class=\"_ _1\"></span>that the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s total number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> RoR cases at 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>was 572 (2024: 643).<span class=\"_ _393\"> </span>21. <span class=\"_ _ce\"> </span>Loan impairments \u2013 pro<span class=\"_ _1\"></span>vision mov<span class=\"_ _0\"></span>ements in the y<span class=\"_ _0\"></span>ear<span class=\"_ _393\"> </span>The mov<span class=\"_ _1\"></span>ements in the impairment pr<span class=\"_ _1\"></span>ovision calculated under<span class=\"_ _1\"></span> IFRS 9, analy<span class=\"_ _1\"></span>sed by<span class=\"_ _1\"></span> business segments, are set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w183 hf3\" id=\"_a0a7eb0b-a400-404e-beff-5eaab8709ba9\"><tr><td></td><td class=\"t m0 x620 h4e y3d14 ff49 fs4 fc1 sc0 ls0 ws0\">Mortgage </td><td class=\"t m0 x375 h4e y3d14 ff49 fs4 fc1 sc0 ls0 ws0\">Commercial </td><td class=\"t m0 x376 h4e y3d14 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x377 h4e y3d15 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td class=\"t m0 x378 h4e y3d15 ff49 fs4 fc1 sc0 ls0 ws0\">Lending<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x37a y3c41 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c41 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3c41 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w184 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x621 y3c42 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x622 y3c42 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x623 y3c42 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d06 wf5 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Provided in period (note 10)<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3d06 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3d06 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x42a y3d06 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">42.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cec w185 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts writt<span class=\"_ _1\"></span>en off<span class=\"_ _393\"> </span></div></td><td class=\"c n x624 y3cec w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(10.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x625 y3cec w71 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(20.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x626 y3cec w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(30.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w186 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025 (note 20)<span class=\"_ _393\"> </span></div></td><td class=\"c n x627 y3c4e w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c4e w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">56.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c4e w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">87.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d16 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x628 y3d16 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">42.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x629 y3d16 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">31.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x62a y3d16 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">73.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d09 wf5 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Provided in period (note 10)<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3d09 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3d09 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">20.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x42a y3d09 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">26.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef w185 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts writt<span class=\"_ _1\"></span>en off<span class=\"_ _393\"> </span></div></td><td class=\"c n x624 y3cef w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(13.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x625 y3cef w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(10.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x626 y3cef w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w186 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2024 (note 20)<span class=\"_ _393\"> </span></div></td><td class=\"c n x627 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x62b y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x62c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr></table>Accounts are consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o be written off<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or accounting purposes if<span class=\"_ _1\"></span> a balance remains once standar<span class=\"_ _1\"></span>d enfor<span class=\"_ _1\"></span>cement pr<span class=\"_ _1\"></span>ocesses have been completed, subject <span class=\"_ _1\"></span>to any<span class=\"_ _1\"></span> amount retained in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> expected salv<span class=\"_ _1\"></span>age receip<span class=\"_ _1\"></span>ts. T<span class=\"_ _1\"></span>his has no effect on <span class=\"_ _1\"></span>the net carrying v<span class=\"_ _1\"></span>alue, only on <span class=\"_ _1\"></span>the amounts reported as gr<span class=\"_ _1\"></span>oss loan balances and accumulated impairment pr<span class=\"_ _1\"></span>ovisions.<span class=\"_ _393\"> </span>At 30 Sept<span class=\"_ _1\"></span>ember 2025, enfor<span class=\"_ _1\"></span>ceable contractual balances of<span class=\"_ _0\"></span> \u00a313.2m (2024: \u00a315.3m) wer<span class=\"_ _1\"></span>e outstanding on non-POCI assets writt<span class=\"_ _1\"></span>en off in the period. <span class=\"_ _1\"></span>This ex<span class=\"_ _1\"></span>cludes those accounts <span class=\"_ _1\"></span>where a <span class=\"_ _1\"></span>full and final settlement <span class=\"_ _1\"></span>was agr<span class=\"_ _1\"></span>eed and those <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the contractual terms do not permit any<span class=\"_ _1\"></span> further<span class=\"_ _1\"></span> action. Enfor<span class=\"_ _1\"></span>ceable balances are k<span class=\"_ _1\"></span>ept under<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or operational purposes, but<span class=\"_ _1\"></span> no amounts are r<span class=\"_ _1\"></span>ecognised in respect o<span class=\"_ _1\"></span>f such accounts unless <span class=\"_ _1\"></span>further cash is r<span class=\"_ _1\"></span>eceived or<span class=\"_ _1\"></span> ther<span class=\"_ _1\"></span>e is a strong e<span class=\"_ _1\"></span>xpectation that it <span class=\"_ _1\"></span>will be.<span class=\"_ _393\"> </span>A mor<span class=\"_ _1\"></span>e detailed analy<span class=\"_ _1\"></span>sis of <span class=\"_ _1\"></span>these mov<span class=\"_ _1\"></span>ements by<span class=\"_ _1\"></span> IFRS 9 stage on a consolidated basis for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>years ended 30 Sep<span class=\"_ _1\"></span>tember 2025 and 30 September<span class=\"_ _1\"></span> 2024 is set out below<span class=\"_ _0\"></span>. These tables, and <span class=\"_ _1\"></span>the matching tables analy<span class=\"_ _1\"></span>sing mov<span class=\"_ _1\"></span>ements in gross balances, hav<span class=\"_ _1\"></span>e been compiled by<span class=\"_ _1\"></span> comparing opening and closing balances on each account and analysing <span class=\"_ _1\"></span>the movements be<span class=\"_ _1\"></span>tween them.<span class=\"_ _393\"> </span>Changes due t<span class=\"_ _1\"></span>o credit risk includes all chang<span class=\"_ _1\"></span>es in model parameters <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> related <span class=\"_ _1\"></span>to account performance, e<span class=\"_ _1\"></span>xternal credit data or<span class=\"_ _1\"></span> model assumptions, including economic scenarios and w<span class=\"_ _1\"></span>eightings.<span class=\"_ _393\"> </span>The changes in models intr<span class=\"_ _1\"></span>oduced during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> did not cr<span class=\"_ _1\"></span>eate significant mov<span class=\"_ _1\"></span>ements in balances.<span class=\"_ _393\"> </span><table class=\"s wdb hf4\" id=\"_38fc2244-05ac-477f-b675-99ee0eada663\"><tr><td></td><td class=\"c n x62d y3d17 w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x62e y3d17 w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x62f y3d17 w166 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x630 y3d17 w157 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x631 y3d17 w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x632 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x633 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x634 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x635 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x636 y3cdc w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d19 w188 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Loss allowance at 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x637 y3d19 w22 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">16.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3d19 w28 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x639 y3d19 w22 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">50.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f2 y3d19 w28 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3d19 w22 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d1a w189 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">New assets originated<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3d1a wa0 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x63c y3d1a w84 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63d y3d1a w66 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63e y3d1a w66 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63f y3d1a w49 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d1b ff4a fs4 fc1 sc0 ls0 ws0\">Changes in loss allowance<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3ce5 w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x640 y3ce5 wa0 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x641 y3ce5 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x642 y3ce5 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x643 y3ce5 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x644 y3ce5 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3ce6 w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x645 y3ce6 wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x646 y3ce6 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x647 y3ce6 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d4 y3ce6 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x648 y3ce6 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d1c w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x645 y3d1c wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50c y3d1c wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x649 y3d1c w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x64a y3d1c w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x64b y3d1c w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d1d w18b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Changes on stage trans<span class=\"_ _1\"></span>fer<span class=\"_ _393\"> </span></div></td><td class=\"c n x64c y3d1d wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x64d y3d1d wa0 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x64e y3d1d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x64f y3d1d w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3d1d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d1e w18c hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Changes due to credit risk<span class=\"_ _393\"> </span></div></td><td class=\"c n x651 y3d1e wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(9.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x652 y3d1e wa1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x397 y3d1e w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">39.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x653 y3d1e w7f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x654 y3d1e w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">26.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3ce8 w18d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Write off<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x655 y3ce8 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3ce8 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x657 y3ce8 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(29.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x658 y3ce8 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x659 y3ce8 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(30.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w18e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loss allowance at 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x65a y3c60 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x65b y3c60 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x65c y3c60 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">70.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x514 y3c60 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65d y3c60 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">87.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d1f w188 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loss allowance at 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x637 y3d1f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">19.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3d1f w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x639 y3d1f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">39.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f2 y3d1f w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3d1f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">73.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d20 w189 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">New assets originated<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3d20 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x63c y3d20 w84 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63d y3d20 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63e y3d20 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x63f y3d20 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3d21 ff4a fs4 fc1 sc0 ls0 ws0\">Changes in loss allowance<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3cec w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x640 y3cec wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x641 y3cec w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x642 y3cec w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x643 y3cec w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x644 y3cec w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d22 w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x645 y3d22 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x646 y3d22 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x647 y3d22 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d4 y3d22 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x648 y3d22 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d23 w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x645 y3d23 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x50c y3d23 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x649 y3d23 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x64a y3d23 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x64b y3d23 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d24 w18b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Changes on stage trans<span class=\"_ _1\"></span>fer<span class=\"_ _393\"> </span></div></td><td class=\"c n x64c y3d24 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x64d y3d24 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b4 y3d24 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">26.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x65e y3d24 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65f y3d24 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">27.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cee w18c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Changes due to credit risk<span class=\"_ _393\"> </span></div></td><td class=\"c n x651 y3cee wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(8.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x652 y3cee wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x660 y3cee w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x661 y3cee w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ef y3cee w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(7.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cef w18d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Write off<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x655 y3cef w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3cef w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x657 y3cef w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x55d y3cef w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x536 y3cef w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w18e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loss allowance at 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x65a y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x662 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x663 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x664 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x399 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr></table>During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025, pro<span class=\"_ _1\"></span>vision lev<span class=\"_ _1\"></span>els increased o<span class=\"_ _1\"></span>verall, although <span class=\"_ _1\"></span>the generally<span class=\"_ _1\"></span> stable economic situation in the UK, coupled with gently<span class=\"_ _0\"></span> rising house prices saw provision in S<span class=\"_ _1\"></span>tages 1 and 2 falling<span class=\"_ _1\"></span>. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, this positive mo<span class=\"_ _1\"></span>vement <span class=\"_ _1\"></span>was outw<span class=\"_ _1\"></span>eighed by<span class=\"_ _1\"></span> an increase in Stag<span class=\"_ _1\"></span>e 3 pro<span class=\"_ _1\"></span>vision, as problem cases, particularly<span class=\"_ _1\"></span> in our de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance operation, mov<span class=\"_ _1\"></span>ed thr<span class=\"_ _1\"></span>ough the cr<span class=\"_ _1\"></span>edit cycle, but<span class=\"_ _1\"></span> wer<span class=\"_ _1\"></span>e not g<span class=\"_ _1\"></span>enerally r<span class=\"_ _1\"></span>eplaced by<span class=\"_ _1\"></span> additional distressed accounts. Pro<span class=\"_ _1\"></span>vision lev<span class=\"_ _1\"></span>els on secured lending <span class=\"_ _1\"></span>tended to decline, especially<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or loans secur<span class=\"_ _1\"></span>ed on property<span class=\"_ _0\"></span>, with house prices continuing to gr<span class=\"_ _1\"></span>ow<span class=\"_ _1\"></span> in the period, and a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> long-standing cases moving <span class=\"_ _1\"></span>to resolution in <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. Howev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, in the dev<span class=\"_ _1\"></span>elopment finance portfolio<span class=\"_ _1\"></span>, the cohort of<span class=\"_ _1\"></span> lending which had been noted as pr<span class=\"_ _1\"></span>oblematic at <span class=\"_ _1\"></span>the pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ear end g<span class=\"_ _1\"></span>enerated additional pro<span class=\"_ _1\"></span>vision, with cases moving fr<span class=\"_ _1\"></span>om Stage 2 <span class=\"_ _1\"></span>to Stage 3 and <span class=\"_ _1\"></span>further issues being encount<span class=\"_ _1\"></span>ered, causing expected losses <span class=\"_ _1\"></span>to incr<span class=\"_ _1\"></span>ease, particularly in Stag<span class=\"_ _1\"></span>e 3. Write o<span class=\"_ _1\"></span>ffs increased in <span class=\"_ _1\"></span>the period, with a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> legacy<span class=\"_ _1\"></span> buy-to-le<span class=\"_ _1\"></span>t cases resolv<span class=\"_ _1\"></span>ed along with a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> development<span class=\"_ _1\"></span> finance cases, including a case classified as POCI. During the pr<span class=\"_ _1\"></span>evious <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, ended 30 September 202<span class=\"_ _1\"></span>4, pr<span class=\"_ _1\"></span>ovision lev<span class=\"_ _1\"></span>els remained br<span class=\"_ _1\"></span>oadly<span class=\"_ _1\"></span> stable over<span class=\"_ _1\"></span>all, although the generally<span class=\"_ _0\"></span> more benign economic climate and increased confidence in <span class=\"_ _1\"></span>the UK saw<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision in Stages 1 and 2 <span class=\"_ _1\"></span>falling, compensated by<span class=\"_ _1\"></span> an incr<span class=\"_ _1\"></span>ease in Stage 3 pr<span class=\"_ _1\"></span>ovision as pr<span class=\"_ _1\"></span>oblem cases moved <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>the credit<span class=\"_ _1\"></span> cycle, but <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e not gener<span class=\"_ _1\"></span>ally r<span class=\"_ _1\"></span>eplaced by<span class=\"_ _1\"></span> new<span class=\"_ _1\"></span> arrears accounts at<span class=\"_ _1\"></span> the same rate. Pro<span class=\"_ _1\"></span>vision lev<span class=\"_ _1\"></span>els on secured lending <span class=\"_ _1\"></span>tended to decline in <span class=\"_ _1\"></span>that y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>, especially for<span class=\"_ _0\"></span> loans secured on property<span class=\"_ _0\"></span>, with house prices increasing in most ar<span class=\"_ _1\"></span>eas. How<span class=\"_ _1\"></span>ever<span class=\"_ _0\"></span>, a number o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>oblem cases in dev<span class=\"_ _1\"></span>elopment finance saw<span class=\"_ _1\"></span> an increased le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ovision being booked, as issues <span class=\"_ _1\"></span>with project pr<span class=\"_ _1\"></span>ogr<span class=\"_ _1\"></span>ess and financing emerged, <span class=\"_ _1\"></span>with these chang<span class=\"_ _1\"></span>es being recognised in <span class=\"_ _1\"></span>the Stage 3 mov<span class=\"_ _1\"></span>ements.<span class=\"_ _393\"> </span>The lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> write-offs in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ended 30 Sep<span class=\"_ _1\"></span>tember 202<span class=\"_ _1\"></span>4 was higher<span class=\"_ _0\"></span> than in the pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span> as some long-term cases <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e finally<span class=\"_ _1\"></span> resolv<span class=\"_ _1\"></span>ed and the r<span class=\"_ _1\"></span>elated pro<span class=\"_ _1\"></span>vision applied.<span class=\"_ _393\"> </span>The mov<span class=\"_ _1\"></span>ements in the L<span class=\"_ _1\"></span>oans to Customer<span class=\"_ _1\"></span>s balances in respect of<span class=\"_ _0\"></span> which these loss allow<span class=\"_ _1\"></span>ances have been made ar<span class=\"_ _1\"></span>e set out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w18f hc7\" id=\"_3e336d20-e7c0-4417-b35e-e0ceaaa79edb\"><tr><td></td><td class=\"c n x665 y3c32 w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x666 y3c32 w154 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x667 y3c32 w166 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x668 y3c32 w157 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x669 y3c32 w158 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x66a y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x66b y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x66c y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x66d y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x66e y3c33 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d25 w190 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Balance at 30 September 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x66f y3d25 w15f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,705.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x670 y3d25 w96 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x671 y3d25 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x672 y3d25 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">17.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x673 y3d25 w5f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d26 w189 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">New assets originated<span class=\"_ _393\"> </span></div></td><td class=\"c n x674 y3d26 w4f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,867.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x675 y3d26 w84 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x676 y3d26 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x677 y3d26 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x678 y3d26 w4f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,867.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d27 ff4a fs4 fc1 sc0 ls0 ws0\">Changes in staging<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3d28 w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x679 y3d28 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">269.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x67a y3d28 w1b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(267.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67b y3d28 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67c y3d28 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x67d y3d28 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d19 w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x67e y3d19 w1b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(385.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67f y3d19 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">399.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x680 y3d19 w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(13.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x681 y3d19 w66 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x682 y3d19 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d1a w18a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x683 y3d1a w95 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(42.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x684 y3d1a w1b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(121.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x685 y3d1a w4b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">163.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x686 y3d1a w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x687 y3d1a w66 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d29 w191 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Redemptions and r<span class=\"_ _1\"></span>epayments<span class=\"_ _393\"> </span></div></td><td class=\"c n x688 y3d29 w79 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2,914.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x689 y3d29 w1b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(114.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68a y3d29 w71 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(94.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68b y3d29 w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(12.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68c y3d29 w79 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3,136.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d00 w18d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Writ<span class=\"_ _1\"></span>e offs<span class=\"_ _393\"> </span></div></td><td class=\"c n x68d y3d00 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x68e y3d00 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x68f y3d00 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(29.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x690 y3d00 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x691 y3d00 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(30.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d01 w192 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Other changes<span class=\"_ _393\"> </span></div></td><td class=\"c n x692 y3d01 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">868.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x693 y3d01 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">47.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x694 y3d01 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">24.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x695 y3d01 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x696 y3d01 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">946.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w193 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Balance at 30 September 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x697 y3c5e w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,368.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x698 y3c5e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">719.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x699 y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">330.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x69a y3c5e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x69b y3c5e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,429.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d1d w194 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loss allowance<span class=\"_ _393\"> </span></div></td><td class=\"c n x69c y3d1d w95 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(12.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69d y3d1d wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69e y3d1d w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(70.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69f y3d1d w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a0 y3d1d w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(87.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w11f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a1 y3c3d w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,356.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a2 y3c3d w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">715.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a3 y3c3d w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">259.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a4 y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a5 y3c3d w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d04 w190 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Balance at 30 September 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x66f y3d04 w15f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13,972.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x670 y3d04 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">744.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x671 y3d04 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">206.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x672 y3d04 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x673 y3d04 w5f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14,947.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d2a w189 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">New assets originated<span class=\"_ _393\"> </span></div></td><td class=\"c n x674 y3d2a w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,757.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x675 y3d2a w84 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x676 y3d2a w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x677 y3d2a w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x678 y3d2a w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2,757.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d2b ff4a fs4 fc1 sc0 ls0 ws0\">Changes in staging<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3d2c w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x679 y3d2c w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">329.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x67a y3d2c w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(325.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67b y3d2c w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67c y3d2c w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x67d y3d2c w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3d06 w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x67e y3d06 w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(566.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x67f y3d06 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">585.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x680 y3d06 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(18.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x681 y3d06 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x682 y3d06 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cec w18a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>er to St<span class=\"_ _1\"></span>age 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x683 y3cec w95 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(38.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x684 y3cec w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(137.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x685 y3cec w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">175.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x686 y3cec w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x687 y3cec w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d22 w191 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Redemptions and r<span class=\"_ _1\"></span>epayments<span class=\"_ _393\"> </span></div></td><td class=\"c n x688 y3d22 w79 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2,558.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x689 y3d22 w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(137.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68a y3d22 w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(76.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68b y3d22 w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(11.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x68c y3d22 w79 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2,782.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d2d w18d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Writ<span class=\"_ _1\"></span>e offs<span class=\"_ _393\"> </span></div></td><td class=\"c n x68d y3d2d w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x68e y3d2d w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x68f y3d2d w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a6 y3d2d w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a7 y3d2d w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d16 w192 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Other changes<span class=\"_ _393\"> </span></div></td><td class=\"c n x692 y3d16 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">808.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x693 y3d16 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">46.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x694 y3d16 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">23.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x695 y3d16 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x696 y3d16 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">882.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w193 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Balance at 30 September 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x697 y3c50 w15f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,705.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a8 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a9 y3c50 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6aa y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ab y3c50 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef w194 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Loss allowance<span class=\"_ _393\"> </span></div></td><td class=\"c n x69c y3cef w95 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(16.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69d y3cef wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x69e y3cef w71 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(50.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ac y3cef w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ad y3cef w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(76.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w11f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x6a1 y3c48 w15f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,689.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ae y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">768.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x6af y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">232.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b0 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b1 y3c48 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td></tr></table>Other chang<span class=\"_ _1\"></span>es includes interest and similar<span class=\"_ _0\"></span> charges.<span class=\"_ _393\"> </span>22. <span class=\"_ _29\"></span>Loan impairments \u2013 economic inputs t<span class=\"_ _1\"></span>o calculations<span class=\"_ _393\"> </span>Impairment pro<span class=\"_ _1\"></span>vision under IFRS 9 is calculated on a <span class=\"_ _1\"></span>forwar<span class=\"_ _1\"></span>d-looking ECL<span class=\"_ _1\"></span> basis, based on expected economic conditions in multiple internally coher<span class=\"_ _1\"></span>ent scenarios. <span class=\"_ _1\"></span>While the pr<span class=\"_ _1\"></span>ovision calculation is intended <span class=\"_ _1\"></span>to address all possible <span class=\"_ _1\"></span>future economic outcomes, <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>, in common with most other<span class=\"_ _0\"></span> lenders, uses a small number of diff<span class=\"_ _1\"></span>ering scenarios as repr<span class=\"_ _1\"></span>esentatives o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>this universe of<span class=\"_ _1\"></span> potential outturns. T<span class=\"_ _1\"></span>he Group uses <span class=\"_ _1\"></span>four distinct<span class=\"_ _1\"></span> economic scenarios chosen to r<span class=\"_ _1\"></span>epresent <span class=\"_ _1\"></span>the range o<span class=\"_ _1\"></span>f possible outcomes and allo<span class=\"_ _1\"></span>w f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> economic asymmetry<span class=\"_ _1\"></span> in the calculations. Each scenario comprises a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> economic parameters and <span class=\"_ _1\"></span>while models for<span class=\"_ _0\"></span> different portfolios may<span class=\"_ _1\"></span> not use all <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>ariables, the set, as a <span class=\"_ _1\"></span>whole, is defined f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group and must be internally<span class=\"_ _1\"></span> consistent.<span class=\"_ _393\"> </span>As the Gr<span class=\"_ _1\"></span>oup does not hav<span class=\"_ _1\"></span>e an internal economics function, in de<span class=\"_ _1\"></span>veloping its economic scenarios it considers analy<span class=\"_ _1\"></span>sis fr<span class=\"_ _1\"></span>om reputable external sour<span class=\"_ _1\"></span>ces to <span class=\"_ _1\"></span>form a general mark<span class=\"_ _1\"></span>et consensus <span class=\"_ _1\"></span>which informs its central scenario. <span class=\"_ _1\"></span>These sour<span class=\"_ _1\"></span>ces include data and for<span class=\"_ _1\"></span>ecasts produced b<span class=\"_ _1\"></span>y HM <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>reasury<span class=\"_ _0\"></span>, the Office of<span class=\"_ _1\"></span> Budget R<span class=\"_ _1\"></span>esponsibility (\u2018OBR\u2019) and <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> as w<span class=\"_ _1\"></span>ell as private sector<span class=\"_ _1\"></span> economic resear<span class=\"_ _0\"></span>ch bodies<span class=\"_ _2\"></span> and industry sour<span class=\"_ _1\"></span>ces. <span class=\"_ _1\"></span>The Group also <span class=\"_ _1\"></span>takes account o<span class=\"_ _1\"></span>f public statements <span class=\"_ _1\"></span>from bodies such as <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England and the<span class=\"ls0\"> </span>UK Gov<span class=\"_ _1\"></span>ernment t<span class=\"_ _1\"></span>o inform its final position.<span class=\"_ _393\"> </span>The central scenario used f<span class=\"_ _1\"></span>or IFRS 9 impairment purposes is consistent <span class=\"_ _1\"></span>with the scenario <span class=\"_ _1\"></span>which forms <span class=\"_ _1\"></span>the basis of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s business<span class=\"_ _2\"></span> planning and for<span class=\"_ _1\"></span>ecasting and will <span class=\"_ _1\"></span>there<span class=\"_ _1\"></span>fore g<span class=\"_ _1\"></span>enerally carry<span class=\"_ _0\"></span> the highest probability<span class=\"_ _1\"></span> weighting<span class=\"_ _1\"></span>. In its September<span class=\"_ _1\"></span> 2025 for<span class=\"_ _1\"></span>ecasting cy<span class=\"_ _1\"></span>cle (the \u2018October <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast\u2019), the Gr<span class=\"_ _1\"></span>oup has adopted a central economic scenario deriv<span class=\"_ _1\"></span>ed using a broadly<span class=\"_ _1\"></span> equivalent appr<span class=\"_ _1\"></span>oach t<span class=\"_ _1\"></span>o that used in September<span class=\"_ _1\"></span> 2024, <span class=\"_ _1\"></span>with the starting point of<span class=\"_ _1\"></span> the scenario updat<span class=\"_ _1\"></span>ed to r<span class=\"_ _1\"></span>eflect the actual mo<span class=\"_ _1\"></span>vements of<span class=\"_ _1\"></span> economic <span class=\"_ _1\"></span>variables in the <span class=\"_ _0\"></span>year<span class=\"_ _1\"></span>. The general <span class=\"_ _1\"></span>trend o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s centr<span class=\"_ _1\"></span>al for<span class=\"_ _1\"></span>ecast f<span class=\"_ _1\"></span>ollows <span class=\"_ _1\"></span>that published by<span class=\"_ _1\"></span> the Bank<span class=\"_ _1\"></span> of England in <span class=\"_ _0\"></span>August 2025. This r<span class=\"_ _1\"></span>eflects a pattern of solid but<span class=\"_ _1\"></span> unimpressiv<span class=\"_ _1\"></span>e growth <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> economy<span class=\"_ _0\"></span>, with inflation rising in the short term, although r<span class=\"_ _0\"></span>eturning to targ<span class=\"_ _1\"></span>et lev<span class=\"_ _1\"></span>els to<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>ds the end of <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>orecast period. Bank base r<span class=\"_ _1\"></span>ates continue to <span class=\"_ _1\"></span>fall, although w<span class=\"_ _1\"></span>e expect <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England to mo<span class=\"_ _1\"></span>ve cautiously in light<span class=\"_ _1\"></span> of concerns over<span class=\"_ _0\"></span> inflation. House prices, which have been mor<span class=\"_ _1\"></span>e resilient <span class=\"_ _1\"></span>than many<span class=\"_ _1\"></span> had for<span class=\"_ _1\"></span>ecast, continue to incr<span class=\"_ _1\"></span>ease modestly<span class=\"_ _1\"></span> in the short term, strengthening tow<span class=\"_ _1\"></span>ard the end of the f<span class=\"_ _1\"></span>orecast. Compared <span class=\"_ _1\"></span>with the central <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast adopted at 30 September<span class=\"_ _0\"></span> 2024, this is a little more op<span class=\"_ _1\"></span>timistic, with unemplo<span class=\"_ _1\"></span>yment and interest r<span class=\"_ _1\"></span>ates at lower<span class=\"_ _0\"></span> levels and a more positiv<span class=\"_ _1\"></span>e outlook f<span class=\"_ _1\"></span>or house prices in <span class=\"_ _1\"></span>the short term. Ho<span class=\"_ _1\"></span>we<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, GDP and inflation r<span class=\"_ _1\"></span>emain on a similar <span class=\"_ _1\"></span>trajectory<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span> The scenario also begins fr<span class=\"_ _1\"></span>om the actual Sept<span class=\"_ _1\"></span>ember 2025 position, so <span class=\"_ _1\"></span>that v<span class=\"_ _1\"></span>ariances against <span class=\"_ _1\"></span>the 2024 scenarios in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> are r<span class=\"_ _1\"></span>eflected, with house prices at 30 September<span class=\"_ _1\"></span> 2025, especially<span class=\"_ _1\"></span>, starting the <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast period at a higher<span class=\"_ _1\"></span> level <span class=\"_ _1\"></span>than pr<span class=\"_ _1\"></span>eviously<span class=\"_ _1\"></span> modelled.<span class=\"_ _393\"> </span>The upside and downside scenarios ar<span class=\"_ _1\"></span>e derived <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the central for<span class=\"_ _1\"></span>ecast, as the<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> have been in pr<span class=\"_ _1\"></span>evious periods. <span class=\"_ _1\"></span>The shape of<span class=\"_ _1\"></span> the curv<span class=\"_ _1\"></span>es repr<span class=\"_ _1\"></span>esenting all thr<span class=\"_ _1\"></span>ee scenarios are similar<span class=\"_ _1\"></span> acr<span class=\"_ _1\"></span>oss the f<span class=\"_ _1\"></span>orecast period, but <span class=\"_ _1\"></span>the upside scenario assumes inflation r<span class=\"_ _1\"></span>emaining lower<span class=\"_ _1\"></span> than generally<span class=\"_ _1\"></span> expected, driving f<span class=\"_ _1\"></span>aster gr<span class=\"_ _1\"></span>owth and higher<span class=\"_ _1\"></span> employment and enabling <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England to cut<span class=\"_ _1\"></span> the base rate <span class=\"_ _1\"></span>further and faster<span class=\"_ _1\"></span> than in the base case, <span class=\"_ _1\"></span>while house prices r<span class=\"_ _1\"></span>ecover<span class=\"_ _1\"></span> mor<span class=\"_ _1\"></span>e strongly<span class=\"_ _0\"></span>. Conversely<span class=\"_ _0\"></span>, the downside case repr<span class=\"_ _1\"></span>esents increased pr<span class=\"_ _1\"></span>essur<span class=\"_ _1\"></span>e on CPI, leading to incr<span class=\"_ _0\"></span>eases of base rates in the short<span class=\"_ _1\"></span> term, <span class=\"_ _1\"></span>with reduced economic confidence leading <span class=\"_ _1\"></span>to stagnant gr<span class=\"_ _1\"></span>owth, declining house prices and a pick-up in unemplo<span class=\"_ _1\"></span>yment le<span class=\"_ _1\"></span>vels. The sev<span class=\"_ _1\"></span>ere scenario has been deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om the most r<span class=\"_ _1\"></span>ecent <span class=\"_ _1\"></span>Annual Cyclical Scenario (\u2018<span class=\"_ _0\"></span>ACS\u2019) published b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England, as in recent periods. <span class=\"_ _0\"></span>The ACS published in Mar<span class=\"_ _1\"></span>ch 2025 f<span class=\"_ _1\"></span>orms the basis f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s scenario and includes persistently high int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ates, causing a pronounced r<span class=\"_ _1\"></span>ecession impacting on gro<span class=\"_ _1\"></span>wth and employment le<span class=\"_ _1\"></span>vels, <span class=\"_ _1\"></span>with a significant fall in house prices.<span class=\"_ _393\"> </span>The ov<span class=\"_ _1\"></span>erall shape of<span class=\"_ _1\"></span> the scenarios adopted, and <span class=\"_ _1\"></span>the change in <span class=\"_ _1\"></span>the for<span class=\"_ _1\"></span>ecasts y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span>-on-y<span class=\"_ _1\"></span>ear is illustrat<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the f<span class=\"_ _1\"></span>orecasts of<span class=\"_ _1\"></span> the UK\u2019<span class=\"_ _0\"></span>s unemployment rat<span class=\"_ _1\"></span>e set out in the charts belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he unemployment rat<span class=\"_ _1\"></span>e has been presented as it is <span class=\"_ _1\"></span>the principal indicator<span class=\"_ _1\"></span> of g<span class=\"_ _1\"></span>eneral economic activity used in modelling losses in <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s buy-to-let<span class=\"_ _1\"></span> mortgage portfolio<span class=\"_ _1\"></span>. The f<span class=\"_ _1\"></span>orecast le<span class=\"_ _1\"></span>vels of<span class=\"_ _1\"></span> house price inflation, the economic <span class=\"_ _1\"></span>variable <span class=\"_ _1\"></span>which has the most significant<span class=\"_ _1\"></span> impact on the size o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s impairment pro<span class=\"_ _1\"></span>vision, are also sho<span class=\"_ _1\"></span>wn. Historical and for<span class=\"_ _1\"></span>ecast unemplo<span class=\"_ _1\"></span>yment rates (<span class=\"_ _1\"></span>end point measure<span class=\"_ _1\"></span>) As at September 2025<span class=\"_ _393\"> </span>0.0%<span class=\"_ _393\"> </span>FY 2024-<span class=\"_ _1\"></span>2025<span class=\"_ _6e\"> </span>FY<span class=\"_ _1\"></span> 2025-2026<span class=\"_ _91\"> </span>FY 2026-2027<span class=\"_ _6e\"> </span>FY 2027<span class=\"_ _1\"></span>-2028<span class=\"_ _91\"> </span>FY 2028-2029<span class=\"_ _e9\"> </span>FY 2029-2030<span class=\"_ _393\"> </span>5.0%<span class=\"_ _393\"> </span>4.0%<span class=\"_ _393\"> </span>3.0%<span class=\"_ _393\"> </span>2.0%<span class=\"_ _393\"> </span>1.0%<span class=\"_ _393\"> </span>6.0%<span class=\"_ _393\"> </span>7.<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>%<span class=\"_ _393\"> </span>8.0%<span class=\"_ _393\"> </span>10.0%<span class=\"_ _393\"> </span>9.0%<span class=\"_ _393\"> </span>Severe<span class=\"_ _393\"> </span>Upside<span class=\"_ _393\"> </span>Central<span class=\"_ _149\"></span><span class=\"_ _393\"> </span>Downside<span class=\"_ _393\"> </span>Historical and for<span class=\"_ _1\"></span>ecast unemplo<span class=\"_ _1\"></span>yment rates (<span class=\"_ _1\"></span>end point measure<span class=\"_ _1\"></span>) As at September 202<span class=\"_ _1\"></span>4<span class=\"_ _393\"> </span>0.0%<span class=\"_ _393\"> </span>FY 2024-<span class=\"_ _1\"></span>2025<span class=\"_ _28f\"></span><span class=\"_ _393\"> </span>FY 2023-<span class=\"_ _1\"></span>2024<span class=\"_ _290\"> </span>FY 2025-<span class=\"_ _1\"></span>2026<span class=\"_ _6e\"> </span>FY 2026-<span class=\"_ _1\"></span>2027<span class=\"_ _6e\"> </span>FY 2027<span class=\"_ _1\"></span>-2028<span class=\"_ _91\"> </span>FY 2028-2029<span class=\"_ _393\"> </span>5.0%<span class=\"_ _393\"> </span>4.0%<span class=\"_ _393\"> </span>3.0%<span class=\"_ _393\"> </span>2.0%<span class=\"_ _393\"> </span>1.0%<span class=\"_ _393\"> </span>6.0%<span class=\"_ _393\"> </span>7.<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>%<span class=\"_ _393\"> </span>8.0%<span class=\"_ _393\"> </span>10.0%<span class=\"_ _393\"> </span>9.0%<span class=\"_ _393\"> </span>Severe<span class=\"_ _393\"> </span>Upside<span class=\"_ _393\"> </span>Central<span class=\"_ _149\"></span><span class=\"_ _393\"> </span>Downside<span class=\"_ _393\"> </span>Historical and for<span class=\"_ _1\"></span>ecast HPI rates (<span class=\"_ _1\"></span>annual change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span>As at September 2025<span class=\"_ _393\"> </span>-0.20<span class=\"_ _393\"> </span>FY 2024-<span class=\"_ _1\"></span>2025<span class=\"_ _6e\"> </span>FY<span class=\"_ _1\"></span> 2025-2026<span class=\"_ _91\"> </span>FY 2026-2027<span class=\"_ _6e\"> </span>FY 2027<span class=\"_ _1\"></span>-2028<span class=\"_ _91\"> </span>FY 2028-2029<span class=\"_ _e9\"> </span>FY 2029-2030<span class=\"_ _393\"> </span>-0.<span class=\"_ _1\"></span>15<span class=\"_ _393\"> </span>-0.<span class=\"_ _1\"></span>10<span class=\"_ _393\"> </span>-0.05<span class=\"_ _393\"> </span>-<span class=\"_ _393\"> </span>0.1<span class=\"_ _2\"></span>0<span class=\"_ _393\"> </span>0.05<span class=\"_ _393\"> </span>Severe<span class=\"_ _291\"> </span>Upside<span class=\"_ _292\"></span><span class=\"_ _393\"> </span>Central<span class=\"_ _149\"></span><span class=\"_ _393\"> </span>Downside<span class=\"_ _393\"> </span>Historical and for<span class=\"_ _1\"></span>ecast HPI rates (<span class=\"_ _1\"></span>annual change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span>As at September 202<span class=\"_ _1\"></span>4<span class=\"_ _393\"> </span>-0.20<span class=\"_ _393\"> </span>FY 2024-<span class=\"_ _1\"></span>2025<span class=\"_ _28f\"></span><span class=\"_ _393\"> </span>FY 2023-<span class=\"_ _1\"></span>2024<span class=\"_ _290\"> </span>FY 2025-<span class=\"_ _1\"></span>2026<span class=\"_ _6e\"> </span>FY 2026-<span class=\"_ _1\"></span>2027<span class=\"_ _6e\"> </span>FY 2027<span class=\"_ _1\"></span>-2028<span class=\"_ _91\"> </span>FY 2028-2029<span class=\"_ _393\"> </span>-0.<span class=\"_ _1\"></span>15<span class=\"_ _393\"> </span>-0.<span class=\"_ _1\"></span>10<span class=\"_ _393\"> </span>-0.05<span class=\"_ _393\"> </span>-<span class=\"_ _393\"> </span>0.1<span class=\"_ _2\"></span>0<span class=\"_ _393\"> </span>0.05<span class=\"_ _393\"> </span>Severe<span class=\"_ _291\"> </span>Upside<span class=\"_ _292\"></span><span class=\"_ _393\"> </span>Central<span class=\"_ _149\"></span><span class=\"_ _393\"> </span>Downside<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>ollowing a revie<span class=\"_ _1\"></span>w o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the weightings o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the different<span class=\"_ _1\"></span> scenarios, set against <span class=\"_ _1\"></span>the over<span class=\"_ _1\"></span>all potential f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>variability<span class=\"_ _1\"></span> in the <span class=\"_ _1\"></span>future economic outlook, the Gr<span class=\"_ _1\"></span>oup decided to adjust <span class=\"_ _1\"></span>the scenario w<span class=\"_ _1\"></span>eightings which had been used at 30 Sept<span class=\"_ _1\"></span>ember 2024 <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The central consensus <span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> economic outlook is a little more se<span class=\"_ _1\"></span>ttled and more benign <span class=\"_ _1\"></span>than it w<span class=\"_ _1\"></span>as at 30 September<span class=\"_ _1\"></span> 2024, howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the potential <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> significant downside impacts fr<span class=\"_ _0\"></span>om geopolitical factors, including conflicts in Eastern Eur<span class=\"_ _1\"></span>ope and the Middle East, remains. <span class=\"_ _1\"></span>The impact on <span class=\"_ _1\"></span>the UK economy<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the policies of<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> Gov<span class=\"_ _1\"></span>ernment elected in 2024 are <span class=\"_ _0\"></span>yet to become clear<span class=\"_ _0\"></span>, and the long-<span class=\"_ _1\"></span>term impact on <span class=\"_ _1\"></span>the global situation of <span class=\"_ _1\"></span>the new<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>dministration in the United S<span class=\"_ _1\"></span>tates is also uncertain. T<span class=\"_ _1\"></span>his has led to a wide range of<span class=\"_ _1\"></span> potential paths <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the UK econom<span class=\"_ _1\"></span>y being sugg<span class=\"_ _1\"></span>ested, with an emphasis on <span class=\"_ _1\"></span>the potential downsides. Balancing these f<span class=\"_ _1\"></span>actors the Gr<span class=\"_ _1\"></span>oup determined <span class=\"_ _1\"></span>that it w<span class=\"_ _1\"></span>as still appropriate <span class=\"_ _1\"></span>to continue <span class=\"_ _1\"></span>to move back<span class=\"_ _1\"></span> to<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>ds a more normal set o<span class=\"_ _1\"></span>f economic weightings, closer<span class=\"_ _0\"></span> to those seen in the early<span class=\"_ _0\"></span> years of<span class=\"_ _1\"></span> IFRS 9, bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the impacts of Br<span class=\"_ _1\"></span>exit and Co<span class=\"_ _1\"></span>vid. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the analysis also suggested a cautious appr<span class=\"_ _1\"></span>oach, with a continued <span class=\"_ _1\"></span>focus on the do<span class=\"_ _1\"></span>wnside scenarios. Ther<span class=\"_ _0\"></span>efore, the <span class=\"_ _1\"></span>weighting of<span class=\"_ _1\"></span> the se<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>e scenario has been reduced, <span class=\"_ _1\"></span>with the <span class=\"_ _1\"></span>weightings of<span class=\"_ _1\"></span> the upside and do<span class=\"_ _1\"></span>wnside held steady<span class=\"_ _1\"></span>, as set out in <span class=\"_ _1\"></span>the table belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. Sensitivities comparing the eff<span class=\"_ _1\"></span>ect of <span class=\"_ _1\"></span>these w<span class=\"_ _1\"></span>eightings with <span class=\"_ _1\"></span>those adopted in the pr<span class=\"_ _0\"></span>evious year<span class=\"_ _1\"></span> and those <span class=\"_ _1\"></span>which might be seen in a more normal economic envir<span class=\"_ _0\"></span>onment are set out in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w195 hd6\" id=\"_193b7c06-01c1-43ba-a030-e7365a5e934d\"><tr><td></td><td class=\"c n x3cb y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b2 y3c4f w197 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e3 y3c4f w198 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b3 y3c45 w197 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x213 y3c45 w198 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c50 w197 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x654 y3c50 w198 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c47 w19c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x3aa y3c47 w198 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15%<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w19d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b4 y3c48 w19e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td></tr></table>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s economic scenarios comprise sev<span class=\"_ _1\"></span>en v<span class=\"_ _1\"></span>ariables based on standard publicly<span class=\"_ _1\"></span> av<span class=\"_ _1\"></span>ailable metrics for<span class=\"_ _1\"></span> the UK. <span class=\"_ _0\"></span>These variables ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-on-year chang<span class=\"_ _1\"></span>e in Gross Domestic Pr<span class=\"_ _1\"></span>oduct (\u2018GDP\u2019) as measured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Office of<span class=\"_ _1\"></span> National Statistics (\u2018ONS\u2019)<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>-on-year chang<span class=\"_ _1\"></span>e in the House Price Index (\u2018HPI\u2019) as measured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Nationwide Building Society<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Bank Base Rate (\u2018BBR\u2019), as set b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Consumer<span class=\"_ _1\"></span> Price Inflation (\u2018CPI\u2019) rate, as measured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the ONS<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Unemployment r<span class=\"_ _1\"></span>ate, as measured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the ONS<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Annual change in secur<span class=\"_ _1\"></span>ed lending, as measur<span class=\"_ _1\"></span>ed by <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England \u2018mortgage adv<span class=\"_ _1\"></span>ances\u2019 data series<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Annual change in consumer<span class=\"_ _1\"></span> credit, as measur<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Bank<span class=\"_ _1\"></span> of England \u2018unsecur<span class=\"_ _1\"></span>ed advances<span class=\"_ _1\"></span>\u2019 data series<span class=\"_ _393\"> </span>The project<span class=\"_ _1\"></span>ed averag<span class=\"_ _1\"></span>e annual v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> each of <span class=\"_ _1\"></span>these v<span class=\"_ _1\"></span>ariables in each of<span class=\"_ _1\"></span> the fir<span class=\"_ _1\"></span>st fiv<span class=\"_ _1\"></span>e financial y<span class=\"_ _1\"></span>ears of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>forecast<span class=\"_ _1\"></span> period are set out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>30 September<span class=\"_ _1\"></span> 2025<span class=\"_ _393\"> </span>GDP (y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span>-on-year<span class=\"_ _0\"></span> change)<span class=\"_ _393\"> </span><table class=\"s w19f hf6\" id=\"_6fa1cc19-3720-4fed-9605-c80b64521f9c\"><tr><td></td><td class=\"c n x6b5 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.8)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ca y3c48 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.4)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cb y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cc y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cd y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td></tr></table>HPI (year<span class=\"_ _1\"></span>-on-year<span class=\"_ _1\"></span> change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w19f hea\" id=\"_aea12933-b352-4ae9-86c3-c107cf58910e\"><tr><td></td><td class=\"c n x6b5 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ce y3c65 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.2)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cf y3c65 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.7)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d0 y3c65 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d2 y3c65 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.6)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d3 y3c48 w1a4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.3)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d4 y3c48 w1a5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(11.3)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d5 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d6 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1%<span class=\"_ _393\"> </span></div></td></tr></table>BBR (rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w19f hea\" id=\"_2c5996d2-54a9-4f65-927b-9ebedbe27fda\"><tr><td></td><td class=\"c n x6b5 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d8 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d9 y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6da y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6db y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr></table>CPI (rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w19f hf6\" id=\"_dc09ae40-bd02-46c6-a7d4-6c9d90d008cb\"><tr><td></td><td class=\"c n x6b5 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c45 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c45 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c45 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c45 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c50 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c50 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c50 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c50 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c50 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c47 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c47 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c47 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c47 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c47 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d8 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d9 y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6da y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6db y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr></table>Unemployment (<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w19f hf7\" id=\"_c0a8298d-b3e9-4ad9-94d2-c7c40d98942f\"><tr><td></td><td class=\"c n x6dc y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c45 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c45 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c45 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c45 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d8 y3c48 w1a0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d9 y3c48 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6da y3c48 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6db y3c48 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8%<span class=\"_ _393\"> </span></div></td></tr></table>Secured lending (<span class=\"_ _1\"></span>annual change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w19f hf7\" id=\"_aea72aa5-bd72-4943-95e7-605d56b08e37\"><tr><td></td><td class=\"c n x6dc y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d8 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d9 y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6da y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6db y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td></tr></table>Consumer cr<span class=\"_ _1\"></span>edit (<span class=\"_ _1\"></span>annual change)<span class=\"_ _393\"> </span><table class=\"s w19f hf6\" id=\"_92d72255-eb88-48a2-a9bb-dca09f0e3ca4\"><tr><td></td><td class=\"c n x6dc y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c98 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bd y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6be y3c98 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c62 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c1 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c2 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c65 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c7 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c8 y3c65 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x525 y3c48 w1a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.0)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e1 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e2 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e3 y3c48 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td></tr></table>30 September<span class=\"_ _1\"></span> 2024<span class=\"_ _393\"> </span>GDP (y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span>-on-year<span class=\"_ _0\"></span> change)<span class=\"_ _393\"> </span><table class=\"s w1a6 hf8\" id=\"_dbf15ed2-4d9f-4545-8591-ddf37a7e920a\"><tr><td></td><td class=\"c n x6dc y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w199 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w19a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c47 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c47 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c47 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c47 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c47 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1aa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.5)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ee y3c48 w1ab hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ef y3c48 w1aa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f0 y3c48 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f1 y3c48 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.8%<span class=\"_ _393\"> </span></div></td></tr></table>HPI (year<span class=\"_ _1\"></span>-on-year<span class=\"_ _1\"></span> change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w1ac hf8\" id=\"_2c66d79f-9d9c-4f4a-8594-758da25c2e02\"><tr><td></td><td class=\"c n x6dc y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f2 y3c45 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c5 y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f3 y3c45 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d2 y3c45 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w199 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ce y3c65 w1aa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.4)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f4 y3c65 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f5 y3c65 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f6 y3c65 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f7 y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1aa hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1.9)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f8 y3c48 w1ad hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(11.0)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f9 y3c48 w1ae hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(14.6)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fa y3c48 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fb y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.5%<span class=\"_ _393\"> </span></div></td></tr></table>BBR (rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w1a6 hf8\" id=\"_925ca029-bd26-4856-9067-4ee103e38a1f\"><tr><td></td><td class=\"c n x6dc y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6dd y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6de y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6df y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e0 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c45 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c45 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w199 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c50 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c50 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c65 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c48 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fc y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fd y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fe y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5%<span class=\"_ _393\"> </span></div></td></tr></table>CPI (rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w1af hf9\" id=\"_55cd9f5e-e010-46fa-8eef-80d1d4a4bba0\"><tr><td></td><td class=\"c n x6b5 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w196 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c45 w1a7 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">2.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c45 w1a7 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c45 w1a8 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">1.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c45 w1a8 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c45 w1a8 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c62 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c62 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c62 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c62 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c65 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c65 w1a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c65 w1a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ff y3c48 w160 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">11.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x700 y3c48 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x701 y3c48 w1a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x702 y3c48 w1a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0%<span class=\"_ _393\"> </span></div></td></tr></table>Unemployment (<span class=\"_ _1\"></span>rate<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w1a6 hf9\" id=\"_adf78ef4-9832-45ad-af1b-a166fb7fadfc\"><tr><td></td><td class=\"c n x6b5 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3d2e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c98 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c62 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c65 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c65 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c65 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.5%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c48 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fc y3c48 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">8.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fd y3c48 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fe y3c48 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.1%<span class=\"_ _393\"> </span></div></td></tr></table>Secured lending (<span class=\"_ _1\"></span>annual change<span class=\"_ _1\"></span>)<span class=\"_ _393\"> </span><table class=\"s w1a6 hfa\" id=\"_4a21ccc2-e14d-49c6-ae4c-cdb35713c66f\"><tr><td></td><td class=\"c n x6b5 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3d2e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c98 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c98 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c62 w1a7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c62 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ce y3c65 w1aa hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.5)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f4 y3c65 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f5 y3c65 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f6 y3c65 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f7 y3c65 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c9 y3c48 w1aa hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ee y3c48 w1ab hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c48 w1a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f3 y3c48 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d2 y3c48 w1a9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0%<span class=\"_ _393\"> </span></div></td></tr></table>Consumer cr<span class=\"_ _1\"></span>edit (<span class=\"_ _1\"></span>annual change)<span class=\"_ _393\"> </span><table class=\"s w1a6 hfb\" id=\"_e9058e36-dbc3-466f-a5bb-f61963aaf62e\"><tr><td></td><td class=\"c n x6b5 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b6 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2026<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b7 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2027<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b8 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2028<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b9 y3d2f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2029<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w196 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ba y3c98 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e4 y3c98 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e5 y3c98 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e6 y3c98 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e7 y3c98 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w199 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bf y3c62 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e8 y3c62 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e9 y3c62 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c62 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6eb y3c62 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w19a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c4 y3c65 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bb y3c65 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ec y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d1 y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ed y3c65 w1a9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w19b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d7 y3c48 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c0 y3c48 w1a7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fc y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fd y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6fe y3c48 w1a8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0%<span class=\"_ _393\"> </span></div></td></tr></table>After<span class=\"_ _1\"></span> the end of<span class=\"_ _0\"></span> the initial five <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> period, the <span class=\"_ _1\"></span>final rate or<span class=\"_ _1\"></span> rate of<span class=\"_ _1\"></span> change (as appr<span class=\"_ _1\"></span>opriate<span class=\"_ _1\"></span>) is assumed to continue into <span class=\"_ _1\"></span>the futur<span class=\"_ _1\"></span>e in each scenario<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o illustrate <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> non-linearity in <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>arious scenarios, the maximum and minimum quarterly<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els for<span class=\"_ _0\"></span> each variable ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the five <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> period commencing on the balance sheet dat<span class=\"_ _1\"></span>e are set out<span class=\"_ _1\"></span> below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>30 September<span class=\"_ _1\"></span> 2025<span class=\"_ _393\"> </span><table class=\"s w1b0 hfc\" id=\"_ed43452d-3cff-4b1d-9a3f-f238fddccf8d\"><tr><td></td><td></td><td class=\"c n x703 y3c40 w1b1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x704 y3c40 w1b2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x705 y3c40 w1b3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x706 y3c40 w1b4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x707 y3c41 w1b5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x708 y3c41 w1b6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x709 y3c41 w1b5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70a y3c41 w1b6 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x70b y3c41 w1b5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70c y3c41 w1b7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x70d y3c41 w1b5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70e y3c41 w1b7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x70f y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x710 y3c42 w1b9 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x711 y3c42 w1b9 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x712 y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x713 y3c42 w1ba hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x714 y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x715 y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x716 y3c42 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d30 ff49 fs4 fc1 sc0 ls0 ws0\">Economic driver<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c44 w1bb hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">GDP<span class=\"_ _393\"> </span></div></td><td class=\"c n x717 y3c44 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x718 y3c44 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x719 y3c44 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x71a y3c44 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x71b y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x71c y3c44 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x71d y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x71e y3c44 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w1bc hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">HPI<span class=\"_ _393\"> </span></div></td><td class=\"c n x71f y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x720 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x721 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x722 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x723 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x724 y3c4e w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x725 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x726 y3c4e w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w1bd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">BBR<span class=\"_ _393\"> </span></div></td><td class=\"c n x727 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x728 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x729 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x72a y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x72b y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x72c y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x72d y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x72e y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w1be hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CPI<span class=\"_ _393\"> </span></div></td><td class=\"c n x72f y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x730 y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x731 y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x732 y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x733 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x734 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x735 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x736 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w1bf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Unemployment<span class=\"_ _393\"> </span></div></td><td class=\"c n x737 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x738 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x739 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x73a y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x73b y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x73c y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x73d y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w1c0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Secured lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x73e y3c47 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x73f y3c47 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x740 y3c47 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x741 y3c47 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x742 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x743 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x744 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63f y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1c1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Consumer credit<span class=\"_ _393\"> </span></div></td><td class=\"c n x745 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x746 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x747 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x748 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x749 y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x74a y3c48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x74b y3c48 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.0)<span class=\"_ _393\"> </span></div></td></tr></table>30 September<span class=\"_ _1\"></span> 2024<span class=\"_ _393\"> </span><table class=\"s w1c2 hfd\" id=\"_38eaa753-b68d-40cb-9430-e437fd4c7bb4\"><tr><td></td><td></td><td class=\"c n x703 y3ca3 w1b1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Central scenario<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x704 y3ca3 w1b2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Upside scenario<span class=\"_ _393\"> </span></div></td><td class=\"c n x705 y3ca3 w1b3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Downside scenario<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x706 y3ca3 w1b4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Severe scenario<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x707 y3cf3 w1b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x708 y3cf3 w1b6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x709 y3cf3 w1b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70a y3cf3 w1b6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x70b y3cf3 w1b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70c y3cf3 w1b7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td><td class=\"c n x70d y3cf3 w1b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls17 ws11\">Max<span class=\"_ _393\"> </span></div></td><td class=\"c n x70e y3cf3 w1b7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Min<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x70f y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x710 y3d31 w1b9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x711 y3d31 w1b9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x712 y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x713 y3d31 w1ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x714 y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x715 y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x716 y3d31 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d32 ff49 fs4 fc1 sc0 ls0 ws0\">Economic driver<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w1bb hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">GDP<span class=\"_ _393\"> </span></div></td><td class=\"c n x717 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x74c y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x74d y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x65b y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x74e y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x74f y3c63 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x750 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x751 y3c63 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w1bc hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">HPI<span class=\"_ _393\"> </span></div></td><td class=\"c n x71f y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x752 y3c4e wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x753 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x754 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x755 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x756 y3c4e w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(4.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x757 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x50a y3c4e w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(15.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w1bd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">BBR<span class=\"_ _393\"> </span></div></td><td class=\"c n x727 y3c4f wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x758 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x759 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x75a y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x75b y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x75c y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x75d y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">9.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c4f w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w1be hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">CPI<span class=\"_ _393\"> </span></div></td><td class=\"c n x72f y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x75f y3c45 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x760 y3c45 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x761 y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x762 y3c45 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x763 y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x764 y3c45 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w1bf hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Unemployment<span class=\"_ _393\"> </span></div></td><td class=\"c n x737 y3c62 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x765 y3c62 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x766 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x767 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x733 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x768 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x769 y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w1c0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Secured lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x73e y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x76b y3c65 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x76c y3c65 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x76d y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x76e y3c65 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x76f y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x770 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x771 y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1c1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Consumer credit<span class=\"_ _393\"> </span></div></td><td class=\"c n x745 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x73f y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x772 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x773 y3c48 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x774 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x775 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x776 y3c48 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x777 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td></tr></table>The asymmetry<span class=\"_ _0\"></span> in the models is demonstrated by<span class=\"_ _1\"></span> comparing the calculated impairment pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>with that <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ould have been produced using <span class=\"_ _1\"></span>the central scenario alone, 100% w<span class=\"_ _1\"></span>eighted.<span class=\"_ _393\"> </span><table class=\"s w1c3 he1\" id=\"_6027d88d-e499-4d11-b7e3-e2e465a574c1\"><tr><td></td><td class=\"c n x3cb y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c43 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c43 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d33 ff4a fs4 fc1 sc0 ls0 ws0\">Provision using centr<span class=\"_ _1\"></span>al scenario 100% weight<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f wbd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 wbe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial Lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">54.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">39.7<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x778 y3c50 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">83.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x779 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w1c4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Calculated impairment pr<span class=\"_ _1\"></span>ovision<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3c47 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">87.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1c5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ef<span class=\"_ _1\"></span>fect of multiple ec<span class=\"_ _1\"></span>onomic scenarios<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3c48 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td></tr></table>23. <span class=\"_ _29\"></span>Loan impairments \u2013 sensitivity<span class=\"_ _1\"></span> analysis<span class=\"_ _393\"> </span>The calculation of<span class=\"_ _1\"></span> impairment pro<span class=\"_ _1\"></span>visions under IFRS 9 is subject <span class=\"_ _1\"></span>to a v<span class=\"_ _1\"></span>ariety o<span class=\"_ _1\"></span>f uncertainties arising <span class=\"_ _1\"></span>from assumptions, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecasts and expectations about futur<span class=\"_ _1\"></span>e ev<span class=\"_ _1\"></span>ents and conditions. <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>o illustrate <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> these uncertainties, sensitivity<span class=\"_ _1\"></span> calculations have been performed f<span class=\"_ _1\"></span>or some of<span class=\"_ _0\"></span> the most significant.<span class=\"_ _393\"> </span>These sensitivities are int<span class=\"_ _1\"></span>ended as mathematical illustrations of<span class=\"_ _1\"></span> the impacts of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>various assump<span class=\"_ _1\"></span>tions on the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s modelling. They<span class=\"_ _1\"></span> do not necessarily<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esent alternativ<span class=\"_ _1\"></span>e potential impairment <span class=\"_ _1\"></span>values as other<span class=\"_ _1\"></span> fact<span class=\"_ _1\"></span>ors might also need to be consider<span class=\"_ _1\"></span>ed in arriving at a final pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>figure if<span class=\"_ _1\"></span> circumstances diff<span class=\"_ _1\"></span>ered fr<span class=\"_ _1\"></span>om those at<span class=\"_ _1\"></span> the balance sheet date.<span class=\"_ _393\"> </span>Economic conditions<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o illustrate <span class=\"_ _1\"></span>the potential impact o<span class=\"_ _1\"></span>f differing <span class=\"_ _1\"></span>future economic scenarios on <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal impairment, the pr<span class=\"_ _1\"></span>ovisions <span class=\"_ _1\"></span>which would be calculated if each o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the economic scenarios wer<span class=\"_ _0\"></span>e 100% weighted are sho<span class=\"_ _1\"></span>wn below:<span class=\"_ _393\"> </span><table class=\"s w1c6 hde\" id=\"_5bc495c9-f440-4c3e-b67c-5a78a1568b6b\"><tr><td></td><td></td><td class=\"c n x1a7 y3c63 w1c7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Scenario<span class=\"_ _29c\"> </span>2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x77a y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x77b y3c4e w1c8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Provision<span class=\"_ _393\"> </span></div></td><td class=\"c n x77c y3c4e w1c9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Difference<span class=\"_ _393\"> </span></div></td><td class=\"c n x77d y3c4e w1ca hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pro<span class=\"_ _1\"></span>vision<span class=\"_ _393\"> </span></div></td><td class=\"c n x77e y3c4e w1cb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Dif<span class=\"_ _1\"></span>fer<span class=\"_ _1\"></span>ence<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c4f w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c4f w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c4f w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w1cc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central<span class=\"_ _393\"> </span></div></td><td class=\"c n x781 y3c45 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">83.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x782 y3c45 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x783 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x784 y3c45 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(5.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w1cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Upside<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c62 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">80.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x786 y3c62 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x787 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">68.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x788 y3c62 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w1ce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Downside<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">89.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x78a y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">76.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Severe<span class=\"_ _393\"> </span></div></td><td class=\"c n x78b y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">112.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x78c y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x78d y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.9<span class=\"_ _393\"> </span></div></td></tr></table>The w<span class=\"_ _1\"></span>eighted av<span class=\"_ _1\"></span>erage of<span class=\"_ _1\"></span> these 100% <span class=\"_ _1\"></span>weighted pr<span class=\"_ _1\"></span>ovisions need not equal <span class=\"_ _1\"></span>the w<span class=\"_ _1\"></span>eighted av<span class=\"_ _1\"></span>erage E<span class=\"_ _1\"></span>CL due <span class=\"_ _1\"></span>to the impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the differing PDs on staging. Scenario weightings<span class=\"_ _393\"> </span>In order<span class=\"_ _1\"></span> to illustr<span class=\"_ _1\"></span>ate the impact o<span class=\"_ _1\"></span>f scenario <span class=\"_ _1\"></span>weightings on the out<span class=\"_ _1\"></span>comes, the impairment pr<span class=\"_ _1\"></span>ovision r<span class=\"_ _1\"></span>equirements <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e sensitised using alternative <span class=\"_ _1\"></span>weightings. Sensitivity<span class=\"_ _1\"></span> A<span class=\"_ _0\"></span> is based on the weightings used at IFRS 9 tr<span class=\"_ _1\"></span>ansition on 1 October 2018. <span class=\"_ _0\"></span>The use of the 2018 weighting is intended <span class=\"_ _1\"></span>to repr<span class=\"_ _1\"></span>esent a mor<span class=\"_ _1\"></span>e settled outlook than has been e<span class=\"_ _1\"></span>vident at any<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the most r<span class=\"_ _1\"></span>ecent <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ends. Sensitivity B is based on the <span class=\"_ _1\"></span>weightings used at <span class=\"_ _1\"></span>the pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ear end, <span class=\"_ _1\"></span>to demonstrate <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> the adoption of<span class=\"_ _1\"></span> the ne<span class=\"_ _1\"></span>w <span class=\"_ _1\"></span>weightings.<span class=\"_ _393\"> </span>The w<span class=\"_ _1\"></span>eightings used, and the r<span class=\"_ _1\"></span>esults of<span class=\"_ _1\"></span> applying these sensitivities t<span class=\"_ _1\"></span>o the 30 September<span class=\"_ _1\"></span> 2025 scenarios ar<span class=\"_ _1\"></span>e set out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w1d0 hf8\" id=\"_e33367ad-5fc7-4c99-989f-19d411e5f7ba\"><tr><td></td><td></td><td class=\"c n x632 y3d2e w1d1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>eighting<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x78e y3d2e w1d2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n x78f y3d2e w1c9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Difference<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x790 y3d34 w1d3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Central<span class=\"_ _393\"> </span></div></td><td class=\"c n x791 y3d34 w1d4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Upside<span class=\"_ _393\"> </span></div></td><td class=\"c n x792 y3d34 w1d5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Downside<span class=\"_ _393\"> </span></div></td><td class=\"c n x793 y3d34 w1cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Severe<span class=\"_ _393\"> </span></div></td><td class=\"c n x794 y3d34 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x795 y3d34 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w1d6 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">As reported<span class=\"_ _393\"> </span></div></td><td class=\"c n x796 y3c62 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x797 y3c62 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x798 y3c62 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x799 y3c62 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x79a y3c62 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">87.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x79b y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w1d7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Sensitivity A<span class=\"_ _393\"> </span></div></td><td class=\"c n x79c y3c65 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">40%<span class=\"_ _393\"> </span></div></td><td class=\"c n x79d y3c65 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x79e y3c65 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">25%<span class=\"_ _393\"> </span></div></td><td class=\"c n x79f y3c65 w1d8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a0 y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">85.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x404 y3c65 w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w1d9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Sensitivity B<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a1 y3c48 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">45%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a2 y3c48 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a3 y3c48 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">30%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a4 y3c48 w198 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15%<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a5 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">89.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a6 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr></table>Significant increase in credit risk<span class=\"_ _393\"> </span>The most important driv<span class=\"_ _1\"></span>er of<span class=\"_ _1\"></span> SICR is r<span class=\"_ _1\"></span>elative PD<span class=\"_ _1\"></span>. If all PDs acr<span class=\"_ _1\"></span>oss the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s principal buy-to-let mortgag<span class=\"_ _1\"></span>e book w<span class=\"_ _1\"></span>ere incr<span class=\"_ _1\"></span>eased by<span class=\"_ _1\"></span> 10%, loans with a gr<span class=\"_ _1\"></span>oss v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> \u00a322.3m would <span class=\"_ _1\"></span>transfer<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om Stage 1 <span class=\"_ _1\"></span>to Stage 2 (2024: \u00a344<span class=\"_ _1\"></span>.4m), and <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal pro<span class=\"_ _1\"></span>vision would incr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a30.2m <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the combined effects of<span class=\"_ _1\"></span> higher PDs on e<span class=\"_ _1\"></span>xpected losses and the impact o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>oviding f<span class=\"_ _1\"></span>or e<span class=\"_ _1\"></span>xpected lifetime losses, rather<span class=\"_ _0\"></span> than 12-month losses on <span class=\"_ _1\"></span>the additional Stage 2 cases (2024: \u00a30<span class=\"_ _1\"></span>.3m).<span class=\"_ _393\"> </span>V<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> security<span class=\"_ _393\"> </span>The principal assumptions impacting on L<span class=\"_ _0\"></span>GD are the estimated security<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues. If <span class=\"_ _1\"></span>the rate of<span class=\"_ _1\"></span> gro<span class=\"_ _1\"></span>wth in house prices assumed by<span class=\"_ _1\"></span> the model after <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>orecast minimum <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e halved, ignoring any<span class=\"_ _1\"></span> PD effects, <span class=\"_ _1\"></span>then the pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s first and second mortg<span class=\"_ _1\"></span>age assets under <span class=\"_ _1\"></span>the central scenario <span class=\"_ _1\"></span>would increase b<span class=\"_ _1\"></span>y \u00a30<span class=\"_ _0\"></span>.8m (2024: \u00a30.5m).<span class=\"_ _393\"> </span>Receiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent<span class=\"_ _393\"> </span>The majority o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> rent cases, <span class=\"_ _1\"></span>which are included in S<span class=\"_ _1\"></span>tage 3, are manag<span class=\"_ _1\"></span>ed long-term and <span class=\"_ _1\"></span>there<span class=\"_ _1\"></span>fore <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> assumed realisation date has an important impact on <span class=\"_ _1\"></span>the provision calculation. If<span class=\"_ _0\"></span> the assumed rate of r<span class=\"_ _0\"></span>ealisations was increased b<span class=\"_ _1\"></span>y 20%, <span class=\"_ _1\"></span>the impairment pro<span class=\"_ _1\"></span>vision in the central scenario <span class=\"_ _1\"></span>would incr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a30.3m (2024: \u00a30<span class=\"_ _1\"></span>.4m<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-361": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs3c9\">25. <span class=\"_ _29\"></span>Sundry assets<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs3ca\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s w21a h101\" id=\"_86dd94d4-c7ce-4cbf-ab4f-c85c51753b91\"><tr><td></td><td></td><td class=\"c n x85d y3c60 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c40 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d6d ff49 fs4 fc1 sc0 ls0 ws0\">Receivable in less than one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c97 w21b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x897 y3c97 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c97 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c6 y3c97 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w21c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x899 y3c61 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x89a y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89b y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w21d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x89c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x64e y3c63 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89d y3c63 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x89e y3c63 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w21e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CRDs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x89f y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x553 y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a0 y3c4e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w21f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sovereign r<span class=\"_ _1\"></span>eceivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a1 y3cb2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a2 y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x72e y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w220 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x332 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w221 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c62 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">67<span class=\"_ _393\"> </span></div></td><td class=\"c n x206 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">46.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w222 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prepa<span class=\"_ _1\"></span>yments<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a4 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a5 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">51.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3cb\">Sundry <span class=\"_ _1\"></span>financial assets are r<span class=\"_ _1\"></span>eceivable in less <span class=\"_ _1\"></span>than one y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. \u00a31.0m of pr<span class=\"_ _0\"></span>epayments related to periods mor<span class=\"_ _1\"></span>e than one <span class=\"_ _0\"></span>year after<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3cc\">balance sheet date, <span class=\"_ _1\"></span>the remainder<span class=\"_ _1\"></span> to <span class=\"_ _1\"></span>the financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3cd\">Cash ratio deposits (\u2018CRDs\u2019) <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e non-interest<span class=\"_ _1\"></span>-bearing deposits lodged with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England, based on the <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Bank\u2019<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ce\">eligible liabilities. T<span class=\"_ _1\"></span>hese deposits wer<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to comply <span class=\"_ _1\"></span>with regulatory<span class=\"_ _1\"></span> rules, but <span class=\"_ _1\"></span>the scheme was <span class=\"_ _1\"></span>terminated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3cf\">England during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3d0\">CSA<span class=\"_ _1\"></span> assets are deposits placed <span class=\"_ _1\"></span>with highly<span class=\"_ _1\"></span> rated banks t<span class=\"_ _1\"></span>o act as security <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s derivativ<span class=\"_ _1\"></span>e financial liabilities.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3d1\">Neither o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these balances is accessible by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup at the balance sheet dat<span class=\"_ _1\"></span>e. Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e, the<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> are included in sundry<span class=\"_ _1\"></span> assets rather<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3d2\">than cash balances.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3d3\">Sover<span class=\"_ _0\"></span>eign receivables includes amounts receiv<span class=\"_ _1\"></span>able fr<span class=\"_ _1\"></span>om the UK<span class=\"_ _1\"></span> Government<span class=\"_ _1\"></span> under BBB sponsor<span class=\"_ _1\"></span>ed loan guarantee schemes.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3d4\">CRDs, CSA<span class=\"_ _1\"></span> assets, sov<span class=\"_ _1\"></span>ereign r<span class=\"_ _1\"></span>eceivables and accrued inter<span class=\"_ _1\"></span>est ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be Stage 1 assets <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> IFRS 9 impairment purposes. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3d5\">The probabilities o<span class=\"_ _1\"></span>f def<span class=\"_ _1\"></span>ault of <span class=\"_ _1\"></span>the obligor<span class=\"_ _1\"></span> institutions (the UK Go<span class=\"_ _1\"></span>vernment, Bank o<span class=\"_ _1\"></span>f England and major<span class=\"_ _1\"></span> banks) ha<span class=\"_ _1\"></span>ve been assessed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3d6\">and are consider<span class=\"_ _1\"></span>ed to be so lo<span class=\"_ _1\"></span>w as <span class=\"_ _1\"></span>to requir<span class=\"_ _1\"></span>e no significant impairment pr<span class=\"_ _1\"></span>ovision.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs3d7\">(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span></div><div class=\"gs3d8\"><table class=\"s w223 hde\" id=\"_cfa9770a-caf9-4f19-a704-fd3b4c97738b\"><tr><td></td><td class=\"c n x463 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d6e ff49 fs4 fc1 sc0 ls0 ws0\">Receivable in less than one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w224 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup treasury deposit<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a6 y3c98 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a7 y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a8 y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">193.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w225 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a9 y3c62 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w21b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ac y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">128.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ad y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">228.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3d9\">The intra-gr<span class=\"_ _1\"></span>oup tr<span class=\"_ _1\"></span>easury balances comprise a 100-da<span class=\"_ _1\"></span>y notice balance and a curr<span class=\"_ _1\"></span>ent balance, both <span class=\"_ _1\"></span>with the Company\u2019<span class=\"_ _0\"></span>s subsidiary<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3da\">Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C, which in<span class=\"_ _1\"></span>vests cash <span class=\"_ _1\"></span>with the Bank of<span class=\"_ _0\"></span> England on a centralised basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3db\">The amounts ow<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the Company b<span class=\"_ _1\"></span>y o<span class=\"_ _1\"></span>ther gr<span class=\"_ _1\"></span>oup entities are consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o be Stage 1 balances f<span class=\"_ _1\"></span>or IFRS 9 impairment purposes. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3dc\">The PD of<span class=\"_ _1\"></span> the subsidiaries has been assessed in <span class=\"_ _1\"></span>the context of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s overall <span class=\"_ _1\"></span>funding and asset position, and is considered <span class=\"_ _1\"></span>to be </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3dd\">so low as <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>equire no significant impairment pr<span class=\"_ _1\"></span>ovision.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "25. <span class=\"_ _29\"></span>Sundry assets<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w21a h101\" id=\"_86dd94d4-c7ce-4cbf-ab4f-c85c51753b91\"><tr><td></td><td></td><td class=\"c n x85d y3c60 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c40 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d6d ff49 fs4 fc1 sc0 ls0 ws0\">Receivable in less than one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c97 w21b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x897 y3c97 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c97 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c6 y3c97 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w21c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x899 y3c61 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x89a y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89b y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w21d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x89c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x64e y3c63 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89d y3c63 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x89e y3c63 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w21e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CRDs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x89f y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x553 y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a0 y3c4e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w21f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sovereign r<span class=\"_ _1\"></span>eceivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a1 y3cb2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a2 y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x72e y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w220 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x332 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w221 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c62 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">67<span class=\"_ _393\"> </span></div></td><td class=\"c n x206 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">46.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w222 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prepa<span class=\"_ _1\"></span>yments<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a4 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a5 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">51.0<span class=\"_ _393\"> </span></div></td></tr></table>Sundry <span class=\"_ _1\"></span>financial assets are r<span class=\"_ _1\"></span>eceivable in less <span class=\"_ _1\"></span>than one y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. \u00a31.0m of pr<span class=\"_ _0\"></span>epayments related to periods mor<span class=\"_ _1\"></span>e than one <span class=\"_ _0\"></span>year after<span class=\"_ _1\"></span> the balance sheet date, <span class=\"_ _1\"></span>the remainder<span class=\"_ _1\"></span> to <span class=\"_ _1\"></span>the financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026.<span class=\"_ _393\"> </span>Cash ratio deposits (\u2018CRDs\u2019) <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e non-interest<span class=\"_ _1\"></span>-bearing deposits lodged with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England, based on the <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Bank\u2019<span class=\"_ _0\"></span>s eligible liabilities. T<span class=\"_ _1\"></span>hese deposits wer<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to comply <span class=\"_ _1\"></span>with regulatory<span class=\"_ _1\"></span> rules, but <span class=\"_ _1\"></span>the scheme was <span class=\"_ _1\"></span>terminated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024.<span class=\"_ _393\"> </span>CSA<span class=\"_ _1\"></span> assets are deposits placed <span class=\"_ _1\"></span>with highly<span class=\"_ _1\"></span> rated banks t<span class=\"_ _1\"></span>o act as security <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s derivativ<span class=\"_ _1\"></span>e financial liabilities.<span class=\"_ _393\"> </span>Neither o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these balances is accessible by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup at the balance sheet dat<span class=\"_ _1\"></span>e. Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e, the<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> are included in sundry<span class=\"_ _1\"></span> assets rather<span class=\"_ _1\"></span> than cash balances.<span class=\"_ _393\"> </span>Sover<span class=\"_ _0\"></span>eign receivables includes amounts receiv<span class=\"_ _1\"></span>able fr<span class=\"_ _1\"></span>om the UK<span class=\"_ _1\"></span> Government<span class=\"_ _1\"></span> under BBB sponsor<span class=\"_ _1\"></span>ed loan guarantee schemes.<span class=\"_ _393\"> </span>CRDs, CSA<span class=\"_ _1\"></span> assets, sov<span class=\"_ _1\"></span>ereign r<span class=\"_ _1\"></span>eceivables and accrued inter<span class=\"_ _1\"></span>est ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be Stage 1 assets <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> IFRS 9 impairment purposes. The probabilities o<span class=\"_ _1\"></span>f def<span class=\"_ _1\"></span>ault of <span class=\"_ _1\"></span>the obligor<span class=\"_ _1\"></span> institutions (the UK Go<span class=\"_ _1\"></span>vernment, Bank o<span class=\"_ _1\"></span>f England and major<span class=\"_ _1\"></span> banks) ha<span class=\"_ _1\"></span>ve been assessed and are consider<span class=\"_ _1\"></span>ed to be so lo<span class=\"_ _1\"></span>w as <span class=\"_ _1\"></span>to requir<span class=\"_ _1\"></span>e no significant impairment pr<span class=\"_ _1\"></span>ovision.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span><table class=\"s w223 hde\" id=\"_cfa9770a-caf9-4f19-a704-fd3b4c97738b\"><tr><td></td><td class=\"c n x463 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d6e ff49 fs4 fc1 sc0 ls0 ws0\">Receivable in less than one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w224 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup treasury deposit<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a6 y3c98 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a7 y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a8 y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">193.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w225 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a9 y3c62 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w21b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ac y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">128.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ad y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">228.7<span class=\"_ _393\"> </span></div></td></tr></table>The intra-gr<span class=\"_ _1\"></span>oup tr<span class=\"_ _1\"></span>easury balances comprise a 100-da<span class=\"_ _1\"></span>y notice balance and a curr<span class=\"_ _1\"></span>ent balance, both <span class=\"_ _1\"></span>with the Company\u2019<span class=\"_ _0\"></span>s subsidiary<span class=\"_ _0\"></span>, Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C, which in<span class=\"_ _1\"></span>vests cash <span class=\"_ _1\"></span>with the Bank of<span class=\"_ _0\"></span> England on a centralised basis.<span class=\"_ _393\"> </span>The amounts ow<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the Company b<span class=\"_ _1\"></span>y o<span class=\"_ _1\"></span>ther gr<span class=\"_ _1\"></span>oup entities are consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o be Stage 1 balances f<span class=\"_ _1\"></span>or IFRS 9 impairment purposes. The PD of<span class=\"_ _1\"></span> the subsidiaries has been assessed in <span class=\"_ _1\"></span>the context of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s overall <span class=\"_ _1\"></span>funding and asset position, and is considered <span class=\"_ _1\"></span>to be so low as <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>equire no significant impairment pr<span class=\"_ _1\"></span>ovision.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "25. <span class=\"_ _29\"></span>Sundry assets<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w21a h101\" id=\"_86dd94d4-c7ce-4cbf-ab4f-c85c51753b91\"><tr><td></td><td></td><td class=\"c n x85d y3c60 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c40 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d6d ff49 fs4 fc1 sc0 ls0 ws0\">Receivable in less than one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c97 w21b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x897 y3c97 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c97 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c6 y3c97 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w21c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x899 y3c61 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x89a y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89b y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w21d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x89c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x64e y3c63 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89d y3c63 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x89e y3c63 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w21e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CRDs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x89f y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x553 y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a0 y3c4e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w21f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sovereign r<span class=\"_ _1\"></span>eceivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a1 y3cb2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a2 y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x72e y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w220 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x332 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w221 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c62 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">67<span class=\"_ _393\"> </span></div></td><td class=\"c n x206 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">46.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w222 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prepa<span class=\"_ _1\"></span>yments<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a4 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a5 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">51.0<span class=\"_ _393\"> </span></div></td></tr></table>Sundry <span class=\"_ _1\"></span>financial assets are r<span class=\"_ _1\"></span>eceivable in less <span class=\"_ _1\"></span>than one y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. \u00a31.0m of pr<span class=\"_ _0\"></span>epayments related to periods mor<span class=\"_ _1\"></span>e than one <span class=\"_ _0\"></span>year after<span class=\"_ _1\"></span> the balance sheet date, <span class=\"_ _1\"></span>the remainder<span class=\"_ _1\"></span> to <span class=\"_ _1\"></span>the financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026.<span class=\"_ _393\"> </span>Cash ratio deposits (\u2018CRDs\u2019) <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e non-interest<span class=\"_ _1\"></span>-bearing deposits lodged with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England, based on the <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Bank\u2019<span class=\"_ _0\"></span>s eligible liabilities. T<span class=\"_ _1\"></span>hese deposits wer<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to comply <span class=\"_ _1\"></span>with regulatory<span class=\"_ _1\"></span> rules, but <span class=\"_ _1\"></span>the scheme was <span class=\"_ _1\"></span>terminated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024.<span class=\"_ _393\"> </span>CSA<span class=\"_ _1\"></span> assets are deposits placed <span class=\"_ _1\"></span>with highly<span class=\"_ _1\"></span> rated banks t<span class=\"_ _1\"></span>o act as security <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s derivativ<span class=\"_ _1\"></span>e financial liabilities.<span class=\"_ _393\"> </span>Neither o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these balances is accessible by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup at the balance sheet dat<span class=\"_ _1\"></span>e. Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e, the<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> are included in sundry<span class=\"_ _1\"></span> assets rather<span class=\"_ _1\"></span> than cash balances.<span class=\"_ _393\"> </span>Sover<span class=\"_ _0\"></span>eign receivables includes amounts receiv<span class=\"_ _1\"></span>able fr<span class=\"_ _1\"></span>om the UK<span class=\"_ _1\"></span> Government<span class=\"_ _1\"></span> under BBB sponsor<span class=\"_ _1\"></span>ed loan guarantee schemes.<span class=\"_ _393\"> </span>CRDs, CSA<span class=\"_ _1\"></span> assets, sov<span class=\"_ _1\"></span>ereign r<span class=\"_ _1\"></span>eceivables and accrued inter<span class=\"_ _1\"></span>est ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be Stage 1 assets <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> IFRS 9 impairment purposes. The probabilities o<span class=\"_ _1\"></span>f def<span class=\"_ _1\"></span>ault of <span class=\"_ _1\"></span>the obligor<span class=\"_ _1\"></span> institutions (the UK Go<span class=\"_ _1\"></span>vernment, Bank o<span class=\"_ _1\"></span>f England and major<span class=\"_ _1\"></span> banks) ha<span class=\"_ _1\"></span>ve been assessed and are consider<span class=\"_ _1\"></span>ed to be so lo<span class=\"_ _1\"></span>w as <span class=\"_ _1\"></span>to requir<span class=\"_ _1\"></span>e no significant impairment pr<span class=\"_ _1\"></span>ovision.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "25. <span class=\"_ _29\"></span>Sundry assets<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w21a h101\" id=\"_86dd94d4-c7ce-4cbf-ab4f-c85c51753b91\"><tr><td></td><td></td><td class=\"c n x85d y3c60 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c40 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d6d ff49 fs4 fc1 sc0 ls0 ws0\">Receivable in less than one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c97 w21b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x897 y3c97 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c97 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c6 y3c97 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w21c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x899 y3c61 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x89a y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89b y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w21d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x89c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x64e y3c63 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89d y3c63 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x89e y3c63 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w21e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CRDs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x89f y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x553 y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a0 y3c4e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w21f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sovereign r<span class=\"_ _1\"></span>eceivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a1 y3cb2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a2 y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x72e y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w220 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x332 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w221 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c62 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">67<span class=\"_ _393\"> </span></div></td><td class=\"c n x206 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">46.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w222 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prepa<span class=\"_ _1\"></span>yments<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a4 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a5 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">51.0<span class=\"_ _393\"> </span></div></td></tr></table>Sundry <span class=\"_ _1\"></span>financial assets are r<span class=\"_ _1\"></span>eceivable in less <span class=\"_ _1\"></span>than one y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. \u00a31.0m of pr<span class=\"_ _0\"></span>epayments related to periods mor<span class=\"_ _1\"></span>e than one <span class=\"_ _0\"></span>year after<span class=\"_ _1\"></span> the balance sheet date, <span class=\"_ _1\"></span>the remainder<span class=\"_ _1\"></span> to <span class=\"_ _1\"></span>the financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026.<span class=\"_ _393\"> </span>Cash ratio deposits (\u2018CRDs\u2019) <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e non-interest<span class=\"_ _1\"></span>-bearing deposits lodged with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England, based on the <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Bank\u2019<span class=\"_ _0\"></span>s eligible liabilities. T<span class=\"_ _1\"></span>hese deposits wer<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to comply <span class=\"_ _1\"></span>with regulatory<span class=\"_ _1\"></span> rules, but <span class=\"_ _1\"></span>the scheme was <span class=\"_ _1\"></span>terminated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024.<span class=\"_ _393\"> </span>CSA<span class=\"_ _1\"></span> assets are deposits placed <span class=\"_ _1\"></span>with highly<span class=\"_ _1\"></span> rated banks t<span class=\"_ _1\"></span>o act as security <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s derivativ<span class=\"_ _1\"></span>e financial liabilities.<span class=\"_ _393\"> </span>Neither o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these balances is accessible by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup at the balance sheet dat<span class=\"_ _1\"></span>e. Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e, the<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> are included in sundry<span class=\"_ _1\"></span> assets rather<span class=\"_ _1\"></span> than cash balances.<span class=\"_ _393\"> </span>Sover<span class=\"_ _0\"></span>eign receivables includes amounts receiv<span class=\"_ _1\"></span>able fr<span class=\"_ _1\"></span>om the UK<span class=\"_ _1\"></span> Government<span class=\"_ _1\"></span> under BBB sponsor<span class=\"_ _1\"></span>ed loan guarantee schemes.<span class=\"_ _393\"> </span>CRDs, CSA<span class=\"_ _1\"></span> assets, sov<span class=\"_ _1\"></span>ereign r<span class=\"_ _1\"></span>eceivables and accrued inter<span class=\"_ _1\"></span>est ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be Stage 1 assets <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> IFRS 9 impairment purposes. The probabilities o<span class=\"_ _1\"></span>f def<span class=\"_ _1\"></span>ault of <span class=\"_ _1\"></span>the obligor<span class=\"_ _1\"></span> institutions (the UK Go<span class=\"_ _1\"></span>vernment, Bank o<span class=\"_ _1\"></span>f England and major<span class=\"_ _1\"></span> banks) ha<span class=\"_ _1\"></span>ve been assessed and are consider<span class=\"_ _1\"></span>ed to be so lo<span class=\"_ _1\"></span>w as <span class=\"_ _1\"></span>to requir<span class=\"_ _1\"></span>e no significant impairment pr<span class=\"_ _1\"></span>ovision.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span><table class=\"s w223 hde\" id=\"_cfa9770a-caf9-4f19-a704-fd3b4c97738b\"><tr><td></td><td class=\"c n x463 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d6e ff49 fs4 fc1 sc0 ls0 ws0\">Receivable in less than one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w224 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup treasury deposit<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a6 y3c98 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a7 y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a8 y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">193.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w225 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a9 y3c62 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w21b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ac y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">128.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ad y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">228.7<span class=\"_ _393\"> </span></div></td></tr></table>The intra-gr<span class=\"_ _1\"></span>oup tr<span class=\"_ _1\"></span>easury balances comprise a 100-da<span class=\"_ _1\"></span>y notice balance and a curr<span class=\"_ _1\"></span>ent balance, both <span class=\"_ _1\"></span>with the Company\u2019<span class=\"_ _0\"></span>s subsidiary<span class=\"_ _0\"></span>, Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C, which in<span class=\"_ _1\"></span>vests cash <span class=\"_ _1\"></span>with the Bank of<span class=\"_ _0\"></span> England on a centralised basis.<span class=\"_ _393\"> </span>The amounts ow<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the Company b<span class=\"_ _1\"></span>y o<span class=\"_ _1\"></span>ther gr<span class=\"_ _1\"></span>oup entities are consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o be Stage 1 balances f<span class=\"_ _1\"></span>or IFRS 9 impairment purposes. The PD of<span class=\"_ _1\"></span> the subsidiaries has been assessed in <span class=\"_ _1\"></span>the context of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s overall <span class=\"_ _1\"></span>funding and asset position, and is considered <span class=\"_ _1\"></span>to be so low as <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>equire no significant impairment pr<span class=\"_ _1\"></span>ovision.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-419": {
   "value": "25. <span class=\"_ _29\"></span>Sundry assets<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w21a h101\" id=\"_86dd94d4-c7ce-4cbf-ab4f-c85c51753b91\"><tr><td></td><td></td><td class=\"c n x85d y3c60 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c60 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c40 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c40 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d6d ff49 fs4 fc1 sc0 ls0 ws0\">Receivable in less than one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c97 w21b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x897 y3c97 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c97 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c6 y3c97 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w21c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x899 y3c61 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x89a y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89b y3c61 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w21d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x89c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x64e y3c63 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x89d y3c63 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x89e y3c63 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w21e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CRDs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x89f y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x553 y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a0 y3c4e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w21f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sovereign r<span class=\"_ _1\"></span>eceivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a1 y3cb2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a2 y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x72e y3cb2 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w220 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other receivables<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x332 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w221 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c62 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">67<span class=\"_ _393\"> </span></div></td><td class=\"c n x206 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">46.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w222 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prepa<span class=\"_ _1\"></span>yments<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8a4 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a5 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fc y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">51.0<span class=\"_ _393\"> </span></div></td></tr></table>Sundry <span class=\"_ _1\"></span>financial assets are r<span class=\"_ _1\"></span>eceivable in less <span class=\"_ _1\"></span>than one y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. \u00a31.0m of pr<span class=\"_ _0\"></span>epayments related to periods mor<span class=\"_ _1\"></span>e than one <span class=\"_ _0\"></span>year after<span class=\"_ _1\"></span> the balance sheet date, <span class=\"_ _1\"></span>the remainder<span class=\"_ _1\"></span> to <span class=\"_ _1\"></span>the financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026.<span class=\"_ _393\"> </span>Cash ratio deposits (\u2018CRDs\u2019) <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e non-interest<span class=\"_ _1\"></span>-bearing deposits lodged with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England, based on the <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Bank\u2019<span class=\"_ _0\"></span>s eligible liabilities. T<span class=\"_ _1\"></span>hese deposits wer<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to comply <span class=\"_ _1\"></span>with regulatory<span class=\"_ _1\"></span> rules, but <span class=\"_ _1\"></span>the scheme was <span class=\"_ _1\"></span>terminated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024.<span class=\"_ _393\"> </span>CSA<span class=\"_ _1\"></span> assets are deposits placed <span class=\"_ _1\"></span>with highly<span class=\"_ _1\"></span> rated banks t<span class=\"_ _1\"></span>o act as security <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s derivativ<span class=\"_ _1\"></span>e financial liabilities.<span class=\"_ _393\"> </span>Neither o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these balances is accessible by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup at the balance sheet dat<span class=\"_ _1\"></span>e. Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e, the<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> are included in sundry<span class=\"_ _1\"></span> assets rather<span class=\"_ _1\"></span> than cash balances.<span class=\"_ _393\"> </span>Sover<span class=\"_ _0\"></span>eign receivables includes amounts receiv<span class=\"_ _1\"></span>able fr<span class=\"_ _1\"></span>om the UK<span class=\"_ _1\"></span> Government<span class=\"_ _1\"></span> under BBB sponsor<span class=\"_ _1\"></span>ed loan guarantee schemes.<span class=\"_ _393\"> </span>CRDs, CSA<span class=\"_ _1\"></span> assets, sov<span class=\"_ _1\"></span>ereign r<span class=\"_ _1\"></span>eceivables and accrued inter<span class=\"_ _1\"></span>est ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be Stage 1 assets <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> IFRS 9 impairment purposes. The probabilities o<span class=\"_ _1\"></span>f def<span class=\"_ _1\"></span>ault of <span class=\"_ _1\"></span>the obligor<span class=\"_ _1\"></span> institutions (the UK Go<span class=\"_ _1\"></span>vernment, Bank o<span class=\"_ _1\"></span>f England and major<span class=\"_ _1\"></span> banks) ha<span class=\"_ _1\"></span>ve been assessed and are consider<span class=\"_ _1\"></span>ed to be so lo<span class=\"_ _1\"></span>w as <span class=\"_ _1\"></span>to requir<span class=\"_ _1\"></span>e no significant impairment pr<span class=\"_ _1\"></span>ovision.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span><table class=\"s w223 hde\" id=\"_cfa9770a-caf9-4f19-a704-fd3b4c97738b\"><tr><td></td><td class=\"c n x463 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d6e ff49 fs4 fc1 sc0 ls0 ws0\">Receivable in less than one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w224 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup treasury deposit<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a6 y3c98 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a7 y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a8 y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">193.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w225 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a9 y3c62 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w21b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x472 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ac y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">128.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ad y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">228.7<span class=\"_ _393\"> </span></div></td></tr></table>The intra-gr<span class=\"_ _1\"></span>oup tr<span class=\"_ _1\"></span>easury balances comprise a 100-da<span class=\"_ _1\"></span>y notice balance and a curr<span class=\"_ _1\"></span>ent balance, both <span class=\"_ _1\"></span>with the Company\u2019<span class=\"_ _0\"></span>s subsidiary<span class=\"_ _0\"></span>, Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C, which in<span class=\"_ _1\"></span>vests cash <span class=\"_ _1\"></span>with the Bank of<span class=\"_ _0\"></span> England on a centralised basis.<span class=\"_ _393\"> </span>The amounts ow<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the Company b<span class=\"_ _1\"></span>y o<span class=\"_ _1\"></span>ther gr<span class=\"_ _1\"></span>oup entities are consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o be Stage 1 balances f<span class=\"_ _1\"></span>or IFRS 9 impairment purposes. The PD of<span class=\"_ _1\"></span> the subsidiaries has been assessed in <span class=\"_ _1\"></span>the context of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s overall <span class=\"_ _1\"></span>funding and asset position, and is considered <span class=\"_ _1\"></span>to be so low as <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>equire no significant impairment pr<span class=\"_ _1\"></span>ovision.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-420": {
   "value": "26. <span class=\"_ _33\"></span>Current tax asse<span class=\"_ _1\"></span>ts / liabilities<span class=\"_ _393\"> </span>Current <span class=\"_ _1\"></span>tax in the Gr<span class=\"_ _1\"></span>oup and the Compan<span class=\"_ _1\"></span>y r<span class=\"_ _1\"></span>epresents UK<span class=\"_ _1\"></span> corporation tax o<span class=\"_ _1\"></span>wed or<span class=\"_ _1\"></span> recov<span class=\"_ _1\"></span>erable.<span class=\"_ _393\"> </span>40. <span class=\"_ _33\"></span>Deferr<span class=\"_ _1\"></span>ed tax<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span>The net def<span class=\"_ _1\"></span>erred <span class=\"_ _1\"></span>tax liability <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>which pr<span class=\"_ _1\"></span>ovision has been made and the mo<span class=\"_ _1\"></span>vements in <span class=\"_ _1\"></span>that balance are analy<span class=\"_ _1\"></span>sed as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _393\"> </span><table class=\"s w266 h10e\" id=\"_3b24a922-5d06-4a1b-a939-1113bb6da0ef\"><tr><td></td><td class=\"t m0 x96b h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Opening<span class=\"_ _393\"> </span></td><td class=\"t m0 x96c h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Profit and loss<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x8f1 h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Charge / (cr<span class=\"_ _1\"></span>edit) </td><td class=\"t m0 x96d h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Closing<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x96e h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td><td class=\"t m0 x96f h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">charge / (cr<span class=\"_ _1\"></span>edit)<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x970 h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">to equity<span class=\"_ _393\"> </span></td><td class=\"t m0 x971 h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x972 y3d9f w267 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Current<span class=\"_ _393\"> </span></div></td><td class=\"c n x973 y3d9f w268 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Prior<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3da1 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3da2 w269 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x974 y3da2 w9d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x975 y3da2 w9d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x976 y3da2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x977 y3da2 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x978 y3da2 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da3 w59 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Retir<span class=\"_ _1\"></span>ement benefit oblig<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></div></td><td class=\"c n x979 y3da3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x754 y3da3 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x97a y3da3 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x97b y3da3 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e6 y3da3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da4 w26a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x97c y3da4 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x97d y3da4 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x97e y3da4 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x97f y3da4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x980 y3da4 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w26b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and other derivativ<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x981 y3c9b w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x22c y3c9b w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x229 y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x337 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da5 w26c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share-based paymen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x982 y3da5 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x983 y3da5 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x984 y3da5 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x985 y3da5 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x986 y3da5 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da6 w26d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x988 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x989 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf2 w26e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x98a y3cf2 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x98b y3cf2 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x98c y3cf2 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x97f y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x986 y3cf2 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w14c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x98d y3ca3 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x98e y3ca3 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x878 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x98f y3ca3 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x33b y3ca3 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3da7 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c61 w269 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x974 y3c61 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(8.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x990 y3c61 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x991 y3c61 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x89d y3c61 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x588 y3c61 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w59 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Retir<span class=\"_ _1\"></span>ement benefit oblig<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></div></td><td class=\"c n x979 y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x992 y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x94a y3c63 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x994 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w26a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x97c y3c4e w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">32.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x995 y3c4e w95 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(13.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x996 y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65e y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65f y3c4e w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">19.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w26b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and other derivativ<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3cb2 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x997 y3cb2 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x998 y3cb2 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x999 y3cb2 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3cb2 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w26c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Share-based paymen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x982 y3c98 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(7.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x99a y3c98 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x99b y3c98 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x99c y3c98 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x71e y3c98 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w26d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses<span class=\"_ _393\"> </span></div></td><td class=\"c n x99d y3c62 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(3.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x99e y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x99f y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a0 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a1 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w26e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x98a y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a2 y3c65 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a3 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x531 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a4 y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w14c hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x98d y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a5 y3c48 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(9.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x925 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x356 y3c48 w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a6 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13.4<span class=\"_ _393\"> </span></div></td></tr></table>Balances in respect o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est rate hedging in <span class=\"_ _1\"></span>the table abo<span class=\"_ _1\"></span>ve r<span class=\"_ _1\"></span>elate to deriv<span class=\"_ _1\"></span>atives hedging inter<span class=\"_ _1\"></span>est rate risk<span class=\"_ _1\"></span> in the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s loan and deposit books and relat<span class=\"_ _1\"></span>ed pipelines, and fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue accounting adjustments.<span class=\"_ _393\"> </span>The tempor<span class=\"_ _1\"></span>ary diff<span class=\"_ _1\"></span>erences shown abo<span class=\"_ _1\"></span>ve ha<span class=\"_ _1\"></span>ve been pro<span class=\"_ _1\"></span>vided at the r<span class=\"_ _1\"></span>ate pre<span class=\"_ _1\"></span>vailing <span class=\"_ _1\"></span>when the Gr<span class=\"_ _1\"></span>oup anticipates these <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ences to r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>erse. In the e<span class=\"_ _1\"></span>vent <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differences actually<span class=\"_ _0\"></span> reverse in diff<span class=\"_ _1\"></span>erent periods a cr<span class=\"_ _1\"></span>edit or<span class=\"_ _1\"></span> charge <span class=\"_ _1\"></span>will arise in a futur<span class=\"_ _1\"></span>e period to r<span class=\"_ _1\"></span>eflect the diff<span class=\"_ _1\"></span>erence. <span class=\"_ _1\"></span>The <span class=\"_ _1\"></span>timing of r<span class=\"_ _0\"></span>eversal of<span class=\"_ _1\"></span> temporary<span class=\"_ _0\"></span> differences will be aff<span class=\"_ _1\"></span>ected by<span class=\"_ _1\"></span> both matters <span class=\"_ _1\"></span>within the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s control (<span class=\"_ _1\"></span>such as the timing and natur<span class=\"_ _0\"></span>e of the r<span class=\"_ _1\"></span>efinancing of<span class=\"_ _1\"></span> certain portfolios) and matt<span class=\"_ _1\"></span>ers outside the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s control (for example, the <span class=\"_ _1\"></span>timing of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s contributions to its de<span class=\"_ _1\"></span>fined benefit pension scheme). If <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differences r<span class=\"_ _0\"></span>everse within P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C in a period in which it is subject t<span class=\"_ _1\"></span>o the banking sur<span class=\"_ _1\"></span>charge, <span class=\"_ _1\"></span>then the impact of <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>sal will be at an eff<span class=\"_ _1\"></span>ective tax r<span class=\"_ _1\"></span>ate that includes <span class=\"_ _1\"></span>the banking surchar<span class=\"_ _1\"></span>ge to some e<span class=\"_ _1\"></span>xtent.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span>The net def<span class=\"_ _1\"></span>erred <span class=\"_ _1\"></span>tax liability / (<span class=\"_ _1\"></span>asset) for<span class=\"_ _0\"></span> which provision has been made, and <span class=\"_ _1\"></span>the mov<span class=\"_ _1\"></span>ements in that balance ar<span class=\"_ _1\"></span>e analysed as <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span>s:<span class=\"_ _393\"> </span><table class=\"s w26f h10f\" id=\"_3cae89d9-79b0-4766-81ae-b79050f0f52d\"><tr><td></td><td class=\"t m0 x9a7 h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Opening<span class=\"_ _393\"> </span></td><td class=\"t m0 x9a8 h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Profit and loss<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x9a9 h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Charge / (cr<span class=\"_ _1\"></span>edit) </td><td class=\"t m0 x9aa h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Closing<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x9ab h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td><td class=\"t m0 x9ac h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">charge / (cr<span class=\"_ _1\"></span>edit)<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x9ad h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">to equity<span class=\"_ _393\"> </span></td><td class=\"t m0 x9ae h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x9af y3daa w267 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Current<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b0 y3daa w268 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Prior<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dac ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc3 w269 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b1 y3cc3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b2 y3cc3 w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b3 y3cc3 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x999 y3cc3 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3cc3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dad w270 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses carried f<span class=\"_ _1\"></span>orward<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b4 y3dad w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b5 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b6 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x366 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x894 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dae w26e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x988 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x989 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3daf w14c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b7 y3daf w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b8 y3daf w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5df y3daf w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3daf w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3daf w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3db0 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3db1 w269 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b1 y3db1 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x873 y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b9 y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x875 y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ba y3db1 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db2 w270 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses carried f<span class=\"_ _1\"></span>orward<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bb y3db2 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x95b y3db2 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bc y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x82a y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bd y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb w26e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x988 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x989 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w14c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x9be y3ccc wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x754 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bf y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c0 y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b6 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-362": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs3e2\">27<span class=\"_ _0\"></span>. <span class=\"_ _8\"> </span>Property<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs3e3\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span></div><div class=\"gs7c\"><table class=\"s w142 h108\" id=\"_8fa9e845-bd73-491b-a40f-822aad1357f3\"><tr><td></td><td class=\"t m0 x598 h4e y3d6f ff49 fs4 fc1 sc0 ls0 ws0\">Leased<span class=\"_ _393\"> </span></td><td class=\"t m0 x8ae h4e y3d6f ff49 fs4 fc1 sc0 ls0 ws0\">Land and </td><td class=\"t m0 x8af h4e y3d6f ff49 fs4 fc1 sc0 ls0 ws0\">Plant and </td><td class=\"t m0 x316 h4e y3d6f ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8b0 h4e y3d70 ff49 fs4 fc1 sc0 ls0 ws0\">assets<span class=\"_ _393\"> </span></td><td class=\"t m0 x8ae h4e y3d70 ff49 fs4 fc1 sc0 ls0 ws0\">buildings<span class=\"_ _393\"> </span></td><td class=\"t m0 x8b1 h4e y3d70 ff49 fs4 fc1 sc0 ls0 ws0\">machinery<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x31a y3d71 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3d71 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31c y3d71 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31d y3d71 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d72 ff49 fs4 fc1 sc0 ls0 ws0\">Cost </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c37 w226 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c37 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">81.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x65c y3c37 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">37.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c37 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">14.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c37 w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">133.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w1c8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b3 y3c38 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x826 y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b4 y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b5 y3c38 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w227 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b6 y3c39 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(7.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b7 y3c39 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b8 y3c39 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x4ca y3c39 w25 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(10.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w187 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c3a w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">88.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c3a w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">36.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b9 y3c3a w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x231 y3c3a w1e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">139.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3b w1c8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b3 y3c3b w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">21.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x826 y3c3b w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b4 y3c3b w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b5 y3c3b w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d0d w227 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ba y3d0d w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(10.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bb y3d0d w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bc y3d0d w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x815 y3d0d w71 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(12.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bd y3c9b w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">99.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8be y3c9b w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x33d y3c9b w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c9b w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">151.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d73 ff49 fs4 fc1 sc0 ls0 ws0\">Accumulated depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3f w226 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">36.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x65c y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">10.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">10.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">58.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cae w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bf y3cae w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">11.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c0 y3cae w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c1 y3cae w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3cae w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">17.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c2 y3c41 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(4.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c3 y3c41 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c4 y3c41 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x435 y3c41 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(7.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c42 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">43.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c42 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b9 y3c42 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">11.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x33b y3c42 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">68.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bf y3c43 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c0 y3c43 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c1 y3c43 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c43 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c2 y3c44 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(8.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c3 y3c44 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c4 y3c44 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x435 y3c44 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d74 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bd y3d74 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">47.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8be y3d74 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x33d y3d74 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x430 y3d74 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">74.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d75 ff49 fs4 fc1 sc0 ls0 ws0\">Net book value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d76 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8bd y3d76 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">51.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8be y3d76 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c5 y3d76 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c6 y3d76 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">77.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c47 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c47 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">22.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c47 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3c47 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">71.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b3 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">26.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">74.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3e4\">Land and buildings and plant and machinery sho<span class=\"_ _1\"></span>wn abov<span class=\"_ _1\"></span>e are used <span class=\"_ _1\"></span>within the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s business. Leased asse<span class=\"_ _1\"></span>ts includes \u00a337<span class=\"_ _0\"></span>.7m in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3e5\">respect o<span class=\"_ _1\"></span>f assets leased <span class=\"_ _1\"></span>to customers under<span class=\"_ _1\"></span> operating leases (2024: \u00a330<span class=\"_ _1\"></span>.4m), \u00a30<span class=\"_ _1\"></span>.8m of<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>ehicles leased to emplo<span class=\"_ _1\"></span>yees under<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3e6\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s green car<span class=\"_ _1\"></span> salary sacrifice scheme (2024: \u00a30<span class=\"_ _1\"></span>.7m<span class=\"_ _1\"></span>) and \u00a312.8m of<span class=\"_ _1\"></span> assets av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> hire (202<span class=\"_ _1\"></span>4: \u00a313.5m).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3e8\">The carrying v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> right of<span class=\"_ _1\"></span> use of asse<span class=\"_ _1\"></span>ts, in respect of<span class=\"_ _0\"></span> leases where the Gr<span class=\"_ _1\"></span>oup is the lessee, included in pr<span class=\"_ _1\"></span>operty<span class=\"_ _0\"></span>, plant and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3e9\">equipment are set<span class=\"_ _1\"></span> out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs52\"><table class=\"s w22a h109\" id=\"_b6a4671a-b6f9-4146-aa99-daf2a2f901ec\"><tr><td></td><td class=\"t m0 x8c9 h4e y3d77 ff49 fs4 fc1 sc0 ls0 ws0\">Leased  </td><td class=\"t m0 x8ca h4e y3d77 ff49 fs4 fc1 sc0 ls0 ws0\">Land and </td><td class=\"t m0 x8cb h4e y3d77 ff49 fs4 fc1 sc0 ls0 ws0\">Plant and </td><td class=\"t m0 x376 h4e y3d77 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8cc h4e y3d78 ff49 fs4 fc1 sc0 ls0 ws0\">assets<span class=\"_ _393\"> </span></td><td class=\"t m0 x8ca h4e y3d78 ff49 fs4 fc1 sc0 ls0 ws0\">buildings<span class=\"_ _393\"> </span></td><td class=\"t m0 x8cd h4e y3d78 ff49 fs4 fc1 sc0 ls0 ws0\">machinery<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x4e6 y3d79 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3d79 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x574 y3d79 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x575 y3d79 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d7a ff49 fs4 fc1 sc0 ls0 ws0\">Cost </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cdd w226 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x722 y3cdd w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ce y3cdd w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8cf y3cdd w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d0 y3cdd w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w1c8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x71a y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d1 y3c38 w49 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c38 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d35 w227 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d2 y3d35 w34 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d3 y3d35 w7f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d4 y3d35 w7f hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d5 y3d35 w46 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb3 w187 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3cb3 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3cb3 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3cb3 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3cb3 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w1c8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x71a y3c5d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d1 y3c5d w49 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x333 y3c5d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c5d w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w227 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b6 y3c5e w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b7 y3c5e w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b8 y3c5e w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d7 y3c5e w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3c9b w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x32c y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x32d y3c9b w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d7b ff49 fs4 fc1 sc0 ls0 ws0\">Accumulated depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c60 w226 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x722 y3c60 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d8 y3c60 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d9 y3c60 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c60 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8da y3c40 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8db y3c40 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x664 y3c40 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c40 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8dc y3cb6 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8dd y3cb6 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8de y3cb6 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x87a y3cb6 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c97 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c97 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c97 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e1 y3c97 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8da y3c61 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8db y3c61 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x664 y3c61 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c61 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c2 y3c63 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c3 y3c63 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c4 y3c63 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x435 y3c63 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d7c w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x336 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x579 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3d7c w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d7d ff49 fs4 fc1 sc0 ls0 ws0\">Net book value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d7e w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3d7e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x336 y3d7e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x579 y3d7e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e2 y3d7e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e1 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e1 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ea\">During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2018, the Gr<span class=\"_ _1\"></span>oup entered int<span class=\"_ _1\"></span>o a transaction <span class=\"_ _1\"></span>with the Par<span class=\"_ _1\"></span>agon Pension Plan, eff<span class=\"_ _1\"></span>ectively<span class=\"_ _1\"></span> granting a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3eb\">first charge o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> its fr<span class=\"_ _1\"></span>eehold head office building as security<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> its agreed contributions under<span class=\"_ _0\"></span> the recov<span class=\"_ _1\"></span>ery plan. <span class=\"_ _0\"></span>The carrying value of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ec\">the assets subject t<span class=\"_ _1\"></span>o this charge <span class=\"_ _1\"></span>was \u00a316.<span class=\"_ _0\"></span>1m (2024: \u00a316.4m).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ed\">Depreciation on pr<span class=\"_ _1\"></span>operty<span class=\"_ _0\"></span>, plant and equipment is included in the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s profit and loss account as se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs3ee\"><table class=\"s w22b hf6\" id=\"_452aa61e-145b-43d2-baa3-7c5f7dd28df7\"><tr><td></td><td></td><td class=\"c n x463 y3c4f w22c hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _ad\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x8e3 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c98 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c98 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w2d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e4 y3c62 w17c hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e5 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e6 y3c62 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w22d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Leasing costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e7 y3c65 w16 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">6<span class=\"_ _393\"> </span></div></td><td class=\"c n x898 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x222 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w22e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal deprecia<span class=\"_ _1\"></span>tion<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e8 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ef\">Depreciation of<span class=\"_ _0\"></span> \u00a31<span class=\"_ _2\"></span>1.9m included in leasing costs (2024: \u00a311.4m) is attributable <span class=\"_ _1\"></span>to the Commer<span class=\"_ _1\"></span>cial Lending segment<span class=\"_ _1\"></span> described in note 2. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3f0\">No other depr<span class=\"_ _0\"></span>eciation is allocated to a segment.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs3f2\">(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3f3\">The property<span class=\"_ _0\"></span>, plant and equipment balance of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esents a right of<span class=\"_ _1\"></span> use asset in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> a building leased fr<span class=\"_ _1\"></span>om a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3f4\">fellow<span class=\"_ _1\"></span> group entity<span class=\"_ _0\"></span>. The carrying <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>this asset is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs3f5\"><table class=\"s w22f he3\" id=\"_b359875e-95ec-4305-a556-f29740fcb939\"><tr><td></td><td class=\"t m0 x8e8 h4e y3d7f ff49 fs4 fc1 sc0 ls0 ws0\">Land and  </td></tr><tr><td></td><td class=\"t m0 x8e8 h4e y3d80 ff49 fs4 fc1 sc0 ls0 ws0\">buildings<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8e9 h4e y3d81 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></td></tr><tr><td class=\"t m0 x1d4 h4e y3d82 ff49 fs4 fc1 sc0 ls0 ws0\">Cost </td><td></td></tr><tr><td class=\"c n x1a7 y3d83 w230 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023, 30 September 2024 and 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x726 y3d83 w22 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d84 ff49 fs4 fc1 sc0 ls0 ws0\">Accumulated depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></td><td></td></tr><tr><td class=\"c n x1a7 y3d85 w187 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ea y3d85 w28 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d86 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8eb y3d86 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d87 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ec y3d87 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d88 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ea y3d88 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d89 w228 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Charge f<span class=\"_ _1\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x8eb y3d89 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc6 w229 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">On disposals<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ec y3cc6 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d8a w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ed y3d8a w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d8b ff49 fs4 fc1 sc0 ls0 ws0\">Net book value<span class=\"_ _393\"> </span></td><td></td></tr><tr><td class=\"c n x1a7 y3d8c w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ee y3d8c w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ef y3ccb w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">11.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ef y3ccc w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.2<span class=\"_ _393\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-363": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs3f7\">28. <span class=\"_ _33\"></span>Intangible assets<span class=\"_ _393\"> </span></div><div class=\"gs3f8\"><table class=\"s w231 h10a\" id=\"_31f01637-6cbf-49bc-8b35-60f0a48cf361\"><tr><td></td><td class=\"t m0 x8f0 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">Goodwill  </td><td class=\"t m0 x419 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">Computer </td><td class=\"t m0 x8f1 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">Other intangible </td><td class=\"t m0 x316 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8f2 h4e y3d8e ff49 fs4 fc1 sc0 ls0 ws0\">(note 29)<span class=\"_ _393\"> </span></td><td class=\"t m0 x8ae h4e y3d8e ff49 fs4 fc1 sc0 ls0 ws0\">software<span class=\"_ _393\"> </span></td><td class=\"t m0 x8f3 h4e y3d8e ff49 fs4 fc1 sc0 ls0 ws0\">assets<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x31a y3d8f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3d8f w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31c y3d8f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31d y3d8f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d90 ff49 fs4 fc1 sc0 ls0 ws0\">Cost </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3b w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c3b w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c3b w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">18.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c3b w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c3b w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">183.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w1c8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c5e w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c5e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3c5e w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f6 y3c5e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c3c w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c3c w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">22.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c3c w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c3c w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">187.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w1c8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c3d w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c3d w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3c3d w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f6 y3c3d w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d91 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3d91 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f7 y3d91 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ed y3d91 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f8 y3d91 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">190.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d92 ff49 fs4 fc1 sc0 ls0 ws0\">Accumulated amortisa<span class=\"_ _1\"></span>tion and impairment<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f9 y3c41 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fa y3c41 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c41 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fc y3c41 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w232 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation charge f<span class=\"_ _0\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3c42 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fd y3c42 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fe y3c42 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3c42 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f9 y3c43 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fa y3c43 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c43 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fc y3c43 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w232 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation charge f<span class=\"_ _0\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3c63 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fd y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fe y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d7c w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3d7c w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x901 y3d7c w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x903 y3d7c w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d93 ff49 fs4 fc1 sc0 ls0 ws0\">Net book value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d76 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3d76 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3d76 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x904 y3d76 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x905 y3d76 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">172.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c65 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">171.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c48 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">168.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3f9\">Other intangible assets comprise br<span class=\"_ _1\"></span>ands and the benefit o<span class=\"_ _1\"></span>f business netw<span class=\"_ _1\"></span>orks recognised on <span class=\"_ _1\"></span>the acquisition of<span class=\"_ _1\"></span> businesses. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3fa\">Amortisation charges in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> intangible assets are included in oper<span class=\"_ _1\"></span>ating expenses (note 8).<span class=\"_ _393\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "28. <span class=\"_ _33\"></span>Intangible assets<span class=\"_ _393\"> </span><table class=\"s w231 h10a\" id=\"_31f01637-6cbf-49bc-8b35-60f0a48cf361\"><tr><td></td><td class=\"t m0 x8f0 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">Goodwill  </td><td class=\"t m0 x419 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">Computer </td><td class=\"t m0 x8f1 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">Other intangible </td><td class=\"t m0 x316 h4e y3d8d ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8f2 h4e y3d8e ff49 fs4 fc1 sc0 ls0 ws0\">(note 29)<span class=\"_ _393\"> </span></td><td class=\"t m0 x8ae h4e y3d8e ff49 fs4 fc1 sc0 ls0 ws0\">software<span class=\"_ _393\"> </span></td><td class=\"t m0 x8f3 h4e y3d8e ff49 fs4 fc1 sc0 ls0 ws0\">assets<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x31a y3d8f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3d8f w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31c y3d8f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31d y3d8f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d90 ff49 fs4 fc1 sc0 ls0 ws0\">Cost </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3b w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c3b w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c3b w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">18.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c3b w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c3b w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">183.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w1c8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c5e w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c5e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3c5e w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f6 y3c5e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c3c w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x5bd y3c3c w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">22.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c7 y3c3c w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c3c w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">187.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w1c8 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Additions<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c3d w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c3d w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3c3d w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f6 y3c3d w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d91 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3d91 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f7 y3d91 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x5ed y3d91 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f8 y3d91 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">190.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d92 ff49 fs4 fc1 sc0 ls0 ws0\">Accumulated amortisa<span class=\"_ _1\"></span>tion and impairment<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f9 y3c41 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fa y3c41 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c41 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fc y3c41 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w232 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation charge f<span class=\"_ _0\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3c42 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fd y3c42 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fe y3c42 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3c42 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f9 y3c43 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fa y3c43 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c43 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fc y3c43 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w232 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation charge f<span class=\"_ _0\"></span>or the year<span class=\"_ _393\"> </span></div></td><td class=\"c n x656 y3c63 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fd y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fe y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3c63 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d7c w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3d7c w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x901 y3d7c w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x903 y3d7c w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3d93 ff49 fs4 fc1 sc0 ls0 ws0\">Net book value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d76 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3d76 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3d76 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x904 y3d76 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x905 y3d76 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">172.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c65 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">171.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f4 y3c48 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e0 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">168.2<span class=\"_ _393\"> </span></div></td></tr></table>Other intangible assets comprise br<span class=\"_ _1\"></span>ands and the benefit o<span class=\"_ _1\"></span>f business netw<span class=\"_ _1\"></span>orks recognised on <span class=\"_ _1\"></span>the acquisition of<span class=\"_ _1\"></span> businesses. Amortisation charges in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> intangible assets are included in oper<span class=\"_ _1\"></span>ating expenses (note 8).<span class=\"_ _393\"> </span><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 wsd7 gs3fc\">29<span class=\"_ _1\"></span>. Goodwill<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3fd\">The goodwill carried in <span class=\"_ _1\"></span>the accounts is attributable to <span class=\"_ _1\"></span>two cash gener<span class=\"_ _1\"></span>ating units (\u2018CGU\u2019<span class=\"_ _0\"></span>s), which hav<span class=\"_ _1\"></span>e not changed in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. These </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3fe\">balances are r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed f<span class=\"_ _1\"></span>or impairment<span class=\"_ _1\"></span> annually<span class=\"_ _1\"></span>, in accordance <span class=\"_ _1\"></span>with the r<span class=\"_ _1\"></span>equirements o<span class=\"_ _1\"></span>f IAS 36 \u2013 \u2018Impairment<span class=\"_ _1\"></span> of <span class=\"_ _0\"></span>Assets\u2019<span class=\"_ _e\"></span>. The balance is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3ff\">as analysed below:<span class=\"_ _393\"> </span></div><div class=\"gs400\"><table class=\"s we5 he0\" id=\"_fdb42f61-c063-4b93-ba30-e7408de2cb90\"><tr><td></td><td class=\"c n x3cb y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d94 ff49 fs4 fc1 sc0 ls16 ws8d\">CGU<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 w233 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">SME lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c50 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">113.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c50 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">113.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w126 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Development finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c47 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">49.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c47 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs401\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>SME <span class=\"_ _33\"></span>lending<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs402\">The goodwill carried in <span class=\"_ _1\"></span>the accounts relating <span class=\"_ _1\"></span>to the SME lending CGU w<span class=\"_ _1\"></span>as recognised on acquisitions in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ears ended </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs403\">30 September<span class=\"_ _1\"></span> 2016 and 30 September<span class=\"_ _1\"></span> 2018.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs404\">An impairment re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> undertaken at 30 Sep<span class=\"_ _1\"></span>tember 2025 indicat<span class=\"_ _1\"></span>ed that no <span class=\"_ _1\"></span>write down <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>equired.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs405\">The reco<span class=\"_ _1\"></span>verable amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the SME lending CGU used in this impairment t<span class=\"_ _1\"></span>esting is determined on a v<span class=\"_ _1\"></span>alue in use basis using pre-<span class=\"_ _1\"></span>tax </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs406\">cash flow<span class=\"_ _1\"></span> projections based on <span class=\"_ _1\"></span>financial budgets appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Boar<span class=\"_ _1\"></span>d in November<span class=\"_ _1\"></span> 2025 cov<span class=\"_ _1\"></span>ering a fiv<span class=\"_ _1\"></span>e-year<span class=\"_ _1\"></span> period. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs407\">The ke<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> assumptions underlying the <span class=\"_ _1\"></span>value in use calculation <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the SME lending CGU are:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs408\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f business activity<span class=\"_ _0\"></span>, based on management expectations. <span class=\"_ _1\"></span>The for<span class=\"_ _1\"></span>ecast assumes a compound annual gr<span class=\"_ _1\"></span>owth rate (\u2018CA<span class=\"_ _1\"></span>GR\u2019) f<span class=\"_ _1\"></span>or </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs409\">new<span class=\"_ _1\"></span> lending over<span class=\"_ _0\"></span> the five-y<span class=\"_ _1\"></span>ear period o<span class=\"_ _1\"></span>f 13.<span class=\"_ _1\"></span>6%, compared <span class=\"_ _1\"></span>with 11.7% used in the calculation at 30 Sep<span class=\"_ _1\"></span>tember 202<span class=\"_ _1\"></span>4. <span class=\"_ _1\"></span>The new<span class=\"_ _1\"></span> lending </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs40a\">for<span class=\"_ _1\"></span>ecasts are <span class=\"_ _1\"></span>the ke<span class=\"_ _1\"></span>y driv<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the pr<span class=\"_ _1\"></span>ofit and cashflow<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span>ecasts. Cash flo<span class=\"_ _1\"></span>ws bey<span class=\"_ _1\"></span>ond the <span class=\"_ _1\"></span>five-y<span class=\"_ _1\"></span>ear budg<span class=\"_ _1\"></span>et ar<span class=\"_ _1\"></span>e extrapolated using a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs40b\">constant gro<span class=\"_ _1\"></span>wth rate of<span class=\"_ _1\"></span> 1.3% (2024: 1.2%) which does no<span class=\"_ _1\"></span>t exceed <span class=\"_ _1\"></span>the long-<span class=\"_ _1\"></span>term aver<span class=\"_ _1\"></span>age gro<span class=\"_ _1\"></span>wth rates f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the marke<span class=\"_ _1\"></span>ts in which the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs40c\">business is active</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs40d\"> <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>Management concluded that <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of activity<span class=\"_ _0\"></span> assumed for <span class=\"_ _1\"></span>the purpose of <span class=\"_ _1\"></span>this f<span class=\"_ _1\"></span>orecast ar<span class=\"_ _1\"></span>e reasonable, based on past </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs40e\">experience and the curr<span class=\"_ _1\"></span>ent economic envir<span class=\"_ _1\"></span>onment<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs40f\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Discount rate, <span class=\"_ _1\"></span>which is based on thir<span class=\"_ _1\"></span>d-party estimat<span class=\"_ _1\"></span>es of <span class=\"_ _1\"></span>the implied industry cost o<span class=\"_ _1\"></span>f capital. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>e-tax discount rat<span class=\"_ _1\"></span>e applied to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs410\">the cash flow<span class=\"_ _1\"></span> projection is 15.<span class=\"_ _1\"></span>9% (2024: 16.5%)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs411\">As an illustration of<span class=\"_ _1\"></span> the sensitivity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> this impairment <span class=\"_ _1\"></span>test to mo<span class=\"_ _1\"></span>vements in k<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span> assumptions, the Gr<span class=\"_ _0\"></span>oup has calculated that a 0.<span class=\"_ _1\"></span>0% </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs412\">gro<span class=\"_ _1\"></span>wth rate combined with an 18.5% r<span class=\"_ _1\"></span>eduction in pro<span class=\"_ _1\"></span>fit lev<span class=\"_ _1\"></span>els w<span class=\"_ _1\"></span>ould eliminate the pr<span class=\"_ _1\"></span>ojected headroom o<span class=\"_ _1\"></span>f \u00a3112.8m. Such mov<span class=\"_ _1\"></span>ements </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs413\">are not<span class=\"_ _1\"></span> expected by<span class=\"_ _1\"></span> management. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined <span class=\"_ _1\"></span>with an 20.<span class=\"_ _1\"></span>7% reduction in pr<span class=\"_ _1\"></span>ofit le<span class=\"_ _1\"></span>vels w<span class=\"_ _1\"></span>ould generate a <span class=\"_ _1\"></span>write down </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs414\">of \u00a310<span class=\"_ _0\"></span>.0m.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs415\">In the <span class=\"_ _1\"></span>testing carried out at 30 September<span class=\"_ _1\"></span> 2024, a 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0% growth r<span class=\"_ _1\"></span>ate combined with an 19<span class=\"_ _1\"></span>.8% r<span class=\"_ _1\"></span>eduction in profit le<span class=\"_ _1\"></span>vels, <span class=\"_ _1\"></span>would hav<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs416\">eliminated the pr<span class=\"_ _1\"></span>ojected headr<span class=\"_ _1\"></span>oom at that date o<span class=\"_ _1\"></span>f \u00a391.<span class=\"_ _1\"></span>7m. A<span class=\"_ _0\"></span> 0.0% gr<span class=\"_ _1\"></span>owth rate combined <span class=\"_ _1\"></span>with a 22.6% r<span class=\"_ _1\"></span>eduction in pro<span class=\"_ _1\"></span>fit lev<span class=\"_ _1\"></span>els would </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs417\">have g<span class=\"_ _1\"></span>enerated a writ<span class=\"_ _1\"></span>e down of<span class=\"_ _1\"></span> \u00a310.<span class=\"_ _1\"></span>0m.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs418\">(b)  <span class=\"_ _dd\"> </span>Development <span class=\"_ _33\"></span>finance<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs419\">The goodwill carried in <span class=\"_ _1\"></span>the accounts relating <span class=\"_ _1\"></span>to the de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance CGU w<span class=\"_ _1\"></span>as first r<span class=\"_ _1\"></span>ecognised on a business acquisition in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs41a\">year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2018. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs41b\">An impairment re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> undertaken at 30 Sep<span class=\"_ _1\"></span>tember 2025 indicat<span class=\"_ _1\"></span>ed that no <span class=\"_ _1\"></span>write down <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>equired.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs41c\">The reco<span class=\"_ _1\"></span>verable amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment finance CGU used in <span class=\"_ _1\"></span>this impairment testing is de<span class=\"_ _1\"></span>termined on a v<span class=\"_ _1\"></span>alue in use basis using </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs41d\">pre-<span class=\"_ _1\"></span>tax cash flow<span class=\"_ _1\"></span> projections based on <span class=\"_ _1\"></span>financial budgets appr<span class=\"_ _1\"></span>oved b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Board in No<span class=\"_ _1\"></span>vember<span class=\"_ _1\"></span> 2025 cov<span class=\"_ _1\"></span>ering a five-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> period. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs41e\">The ke<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> assumptions underlying the <span class=\"_ _1\"></span>value in use calculation <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment finance CGU ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs41f\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f business activity<span class=\"_ _0\"></span>, based on management expectations. <span class=\"_ _1\"></span>The for<span class=\"_ _1\"></span>ecast assumes a CA<span class=\"_ _1\"></span>GR for<span class=\"_ _1\"></span> draw<span class=\"_ _1\"></span>downs ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the fiv<span class=\"_ _1\"></span>e-year<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs420\">period of 12.5%, compar<span class=\"_ _0\"></span>ed with 15.6% used in the calculation at 30 Sep<span class=\"_ _1\"></span>tember 2024<span class=\"_ _1\"></span>. Cash flo<span class=\"_ _1\"></span>ws bey<span class=\"_ _1\"></span>ond the <span class=\"_ _1\"></span>five-y<span class=\"_ _1\"></span>ear budg<span class=\"_ _1\"></span>et ar<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs421\">extrapolated using a constant gr<span class=\"_ _1\"></span>owth rat<span class=\"_ _1\"></span>e of 1.3% (2024: 1.2%) <span class=\"_ _1\"></span>which does not ex<span class=\"_ _1\"></span>ceed the long<span class=\"_ _1\"></span>-term a<span class=\"_ _1\"></span>verage gr<span class=\"_ _1\"></span>owth rat<span class=\"_ _1\"></span>e for<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs422\">UK economy</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs423\"> <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>Management concluded that <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of activity<span class=\"_ _0\"></span> assumed for <span class=\"_ _1\"></span>the purpose of <span class=\"_ _1\"></span>this f<span class=\"_ _1\"></span>orecast ar<span class=\"_ _1\"></span>e reasonable, based on past </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs424\">experience and the curr<span class=\"_ _1\"></span>ent economic envir<span class=\"_ _1\"></span>onment<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs425\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Discount rate, <span class=\"_ _1\"></span>which is based on thir<span class=\"_ _1\"></span>d party estimat<span class=\"_ _1\"></span>es of <span class=\"_ _1\"></span>the implied industry cost o<span class=\"_ _1\"></span>f capital. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>e-tax discount rat<span class=\"_ _1\"></span>e applied to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs426\">the cash flow<span class=\"_ _1\"></span> projection is 15.<span class=\"_ _1\"></span>9% (2024: 16.4%)<span class=\"_ _393\"> </span></div>As an illustration of<span class=\"_ _1\"></span> the sensitivity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> this impairment <span class=\"_ _1\"></span>test to mo<span class=\"_ _1\"></span>vements in k<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span> assumptions, the Gr<span class=\"_ _0\"></span>oup has calculated that a 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined with a 13.3% r<span class=\"_ _1\"></span>eduction in pro<span class=\"_ _1\"></span>fit lev<span class=\"_ _1\"></span>els w<span class=\"_ _1\"></span>ould eliminate the pr<span class=\"_ _1\"></span>ojected headroom o<span class=\"_ _1\"></span>f \u00a368.4m. Such mo<span class=\"_ _1\"></span>vements ar<span class=\"_ _1\"></span>e not expected b<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement. A<span class=\"_ _0\"></span> 0.0% gr<span class=\"_ _1\"></span>owth rate combined <span class=\"_ _1\"></span>with a 16.3% reduction in pr<span class=\"_ _1\"></span>ofit le<span class=\"_ _1\"></span>vels <span class=\"_ _1\"></span>would generat<span class=\"_ _1\"></span>e a write do<span class=\"_ _1\"></span>wn of \u00a310<span class=\"_ _0\"></span>.0m.<span class=\"_ _393\"> </span>In the <span class=\"_ _1\"></span>testing carried out at 30 September<span class=\"_ _1\"></span> 2024 a 0<span class=\"_ _1\"></span>.0% gr<span class=\"_ _1\"></span>owth rate combined <span class=\"_ _1\"></span>with a 9<span class=\"_ _1\"></span>.5% reduction in pr<span class=\"_ _1\"></span>ofit le<span class=\"_ _1\"></span>vels w<span class=\"_ _1\"></span>ould have eliminated the pr<span class=\"_ _1\"></span>ojected headr<span class=\"_ _1\"></span>oom at that date o<span class=\"_ _1\"></span>f \u00a353.2m. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined <span class=\"_ _1\"></span>with a 12.<span class=\"_ _1\"></span>1% reduction in pr<span class=\"_ _1\"></span>ofit <span class=\"_ _1\"></span>would hav<span class=\"_ _1\"></span>e generated a <span class=\"_ _1\"></span>write down of<span class=\"_ _0\"></span> \u00a310.0m.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-421": {
   "value": "29<span class=\"_ _1\"></span>. Goodwill<span class=\"_ _393\"> </span>The goodwill carried in <span class=\"_ _1\"></span>the accounts is attributable to <span class=\"_ _1\"></span>two cash gener<span class=\"_ _1\"></span>ating units (\u2018CGU\u2019<span class=\"_ _0\"></span>s), which hav<span class=\"_ _1\"></span>e not changed in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. These balances are r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed f<span class=\"_ _1\"></span>or impairment<span class=\"_ _1\"></span> annually<span class=\"_ _1\"></span>, in accordance <span class=\"_ _1\"></span>with the r<span class=\"_ _1\"></span>equirements o<span class=\"_ _1\"></span>f IAS 36 \u2013 \u2018Impairment<span class=\"_ _1\"></span> of <span class=\"_ _0\"></span>Assets\u2019<span class=\"_ _e\"></span>. The balance is as analysed below:<span class=\"_ _393\"> </span><table class=\"s we5 he0\" id=\"_fdb42f61-c063-4b93-ba30-e7408de2cb90\"><tr><td></td><td class=\"c n x3cb y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c4f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d94 ff49 fs4 fc1 sc0 ls16 ws8d\">CGU<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 w233 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">SME lending<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c50 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">113.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c50 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">113.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w126 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Development finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c47 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">49.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c47 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">162.8<span class=\"_ _393\"> </span></div></td></tr></table>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>SME <span class=\"_ _33\"></span>lending<span class=\"_ _393\"> </span>The goodwill carried in <span class=\"_ _1\"></span>the accounts relating <span class=\"_ _1\"></span>to the SME lending CGU w<span class=\"_ _1\"></span>as recognised on acquisitions in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ears ended 30 September<span class=\"_ _1\"></span> 2016 and 30 September<span class=\"_ _1\"></span> 2018.<span class=\"_ _393\"> </span>An impairment re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> undertaken at 30 Sep<span class=\"_ _1\"></span>tember 2025 indicat<span class=\"_ _1\"></span>ed that no <span class=\"_ _1\"></span>write down <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>equired.<span class=\"_ _393\"> </span>The reco<span class=\"_ _1\"></span>verable amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the SME lending CGU used in this impairment t<span class=\"_ _1\"></span>esting is determined on a v<span class=\"_ _1\"></span>alue in use basis using pre-<span class=\"_ _1\"></span>tax cash flow<span class=\"_ _1\"></span> projections based on <span class=\"_ _1\"></span>financial budgets appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Boar<span class=\"_ _1\"></span>d in November<span class=\"_ _1\"></span> 2025 cov<span class=\"_ _1\"></span>ering a fiv<span class=\"_ _1\"></span>e-year<span class=\"_ _1\"></span> period. The ke<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> assumptions underlying the <span class=\"_ _1\"></span>value in use calculation <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the SME lending CGU are:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f business activity<span class=\"_ _0\"></span>, based on management expectations. <span class=\"_ _1\"></span>The for<span class=\"_ _1\"></span>ecast assumes a compound annual gr<span class=\"_ _1\"></span>owth rate (\u2018CA<span class=\"_ _1\"></span>GR\u2019) f<span class=\"_ _1\"></span>or new<span class=\"_ _1\"></span> lending over<span class=\"_ _0\"></span> the five-y<span class=\"_ _1\"></span>ear period o<span class=\"_ _1\"></span>f 13.<span class=\"_ _1\"></span>6%, compared <span class=\"_ _1\"></span>with 11.7% used in the calculation at 30 Sep<span class=\"_ _1\"></span>tember 202<span class=\"_ _1\"></span>4. <span class=\"_ _1\"></span>The new<span class=\"_ _1\"></span> lending for<span class=\"_ _1\"></span>ecasts are <span class=\"_ _1\"></span>the ke<span class=\"_ _1\"></span>y driv<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the pr<span class=\"_ _1\"></span>ofit and cashflow<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span>ecasts. Cash flo<span class=\"_ _1\"></span>ws bey<span class=\"_ _1\"></span>ond the <span class=\"_ _1\"></span>five-y<span class=\"_ _1\"></span>ear budg<span class=\"_ _1\"></span>et ar<span class=\"_ _1\"></span>e extrapolated using a constant gro<span class=\"_ _1\"></span>wth rate of<span class=\"_ _1\"></span> 1.3% (2024: 1.2%) which does no<span class=\"_ _1\"></span>t exceed <span class=\"_ _1\"></span>the long-<span class=\"_ _1\"></span>term aver<span class=\"_ _1\"></span>age gro<span class=\"_ _1\"></span>wth rates f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the marke<span class=\"_ _1\"></span>ts in which the business is active <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>Management concluded that <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of activity<span class=\"_ _0\"></span> assumed for <span class=\"_ _1\"></span>the purpose of <span class=\"_ _1\"></span>this f<span class=\"_ _1\"></span>orecast ar<span class=\"_ _1\"></span>e reasonable, based on past experience and the curr<span class=\"_ _1\"></span>ent economic envir<span class=\"_ _1\"></span>onment<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Discount rate, <span class=\"_ _1\"></span>which is based on thir<span class=\"_ _1\"></span>d-party estimat<span class=\"_ _1\"></span>es of <span class=\"_ _1\"></span>the implied industry cost o<span class=\"_ _1\"></span>f capital. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>e-tax discount rat<span class=\"_ _1\"></span>e applied to the cash flow<span class=\"_ _1\"></span> projection is 15.<span class=\"_ _1\"></span>9% (2024: 16.5%)<span class=\"_ _393\"> </span>As an illustration of<span class=\"_ _1\"></span> the sensitivity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> this impairment <span class=\"_ _1\"></span>test to mo<span class=\"_ _1\"></span>vements in k<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span> assumptions, the Gr<span class=\"_ _0\"></span>oup has calculated that a 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined with an 18.5% r<span class=\"_ _1\"></span>eduction in pro<span class=\"_ _1\"></span>fit lev<span class=\"_ _1\"></span>els w<span class=\"_ _1\"></span>ould eliminate the pr<span class=\"_ _1\"></span>ojected headroom o<span class=\"_ _1\"></span>f \u00a3112.8m. Such mov<span class=\"_ _1\"></span>ements are not<span class=\"_ _1\"></span> expected by<span class=\"_ _1\"></span> management. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined <span class=\"_ _1\"></span>with an 20.<span class=\"_ _1\"></span>7% reduction in pr<span class=\"_ _1\"></span>ofit le<span class=\"_ _1\"></span>vels w<span class=\"_ _1\"></span>ould generate a <span class=\"_ _1\"></span>write down of \u00a310<span class=\"_ _0\"></span>.0m.<span class=\"_ _393\"> </span>In the <span class=\"_ _1\"></span>testing carried out at 30 September<span class=\"_ _1\"></span> 2024, a 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0% growth r<span class=\"_ _1\"></span>ate combined with an 19<span class=\"_ _1\"></span>.8% r<span class=\"_ _1\"></span>eduction in profit le<span class=\"_ _1\"></span>vels, <span class=\"_ _1\"></span>would hav<span class=\"_ _1\"></span>e eliminated the pr<span class=\"_ _1\"></span>ojected headr<span class=\"_ _1\"></span>oom at that date o<span class=\"_ _1\"></span>f \u00a391.<span class=\"_ _1\"></span>7m. A<span class=\"_ _0\"></span> 0.0% gr<span class=\"_ _1\"></span>owth rate combined <span class=\"_ _1\"></span>with a 22.6% r<span class=\"_ _1\"></span>eduction in pro<span class=\"_ _1\"></span>fit lev<span class=\"_ _1\"></span>els would have g<span class=\"_ _1\"></span>enerated a writ<span class=\"_ _1\"></span>e down of<span class=\"_ _1\"></span> \u00a310.<span class=\"_ _1\"></span>0m.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>Development <span class=\"_ _33\"></span>finance<span class=\"_ _393\"> </span>The goodwill carried in <span class=\"_ _1\"></span>the accounts relating <span class=\"_ _1\"></span>to the de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance CGU w<span class=\"_ _1\"></span>as first r<span class=\"_ _1\"></span>ecognised on a business acquisition in the year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2018. An impairment re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> undertaken at 30 Sep<span class=\"_ _1\"></span>tember 2025 indicat<span class=\"_ _1\"></span>ed that no <span class=\"_ _1\"></span>write down <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>equired.<span class=\"_ _393\"> </span>The reco<span class=\"_ _1\"></span>verable amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment finance CGU used in <span class=\"_ _1\"></span>this impairment testing is de<span class=\"_ _1\"></span>termined on a v<span class=\"_ _1\"></span>alue in use basis using pre-<span class=\"_ _1\"></span>tax cash flow<span class=\"_ _1\"></span> projections based on <span class=\"_ _1\"></span>financial budgets appr<span class=\"_ _1\"></span>oved b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Board in No<span class=\"_ _1\"></span>vember<span class=\"_ _1\"></span> 2025 cov<span class=\"_ _1\"></span>ering a five-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> period. The ke<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> assumptions underlying the <span class=\"_ _1\"></span>value in use calculation <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment finance CGU ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f business activity<span class=\"_ _0\"></span>, based on management expectations. <span class=\"_ _1\"></span>The for<span class=\"_ _1\"></span>ecast assumes a CA<span class=\"_ _1\"></span>GR for<span class=\"_ _1\"></span> draw<span class=\"_ _1\"></span>downs ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the fiv<span class=\"_ _1\"></span>e-year<span class=\"_ _0\"></span> period of 12.5%, compar<span class=\"_ _0\"></span>ed with 15.6% used in the calculation at 30 Sep<span class=\"_ _1\"></span>tember 2024<span class=\"_ _1\"></span>. Cash flo<span class=\"_ _1\"></span>ws bey<span class=\"_ _1\"></span>ond the <span class=\"_ _1\"></span>five-y<span class=\"_ _1\"></span>ear budg<span class=\"_ _1\"></span>et ar<span class=\"_ _1\"></span>e extrapolated using a constant gr<span class=\"_ _1\"></span>owth rat<span class=\"_ _1\"></span>e of 1.3% (2024: 1.2%) <span class=\"_ _1\"></span>which does not ex<span class=\"_ _1\"></span>ceed the long<span class=\"_ _1\"></span>-term a<span class=\"_ _1\"></span>verage gr<span class=\"_ _1\"></span>owth rat<span class=\"_ _1\"></span>e for<span class=\"_ _1\"></span> the UK economy <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>Management concluded that <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of activity<span class=\"_ _0\"></span> assumed for <span class=\"_ _1\"></span>the purpose of <span class=\"_ _1\"></span>this f<span class=\"_ _1\"></span>orecast ar<span class=\"_ _1\"></span>e reasonable, based on past experience and the curr<span class=\"_ _1\"></span>ent economic envir<span class=\"_ _1\"></span>onment<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Discount rate, <span class=\"_ _1\"></span>which is based on thir<span class=\"_ _1\"></span>d party estimat<span class=\"_ _1\"></span>es of <span class=\"_ _1\"></span>the implied industry cost o<span class=\"_ _1\"></span>f capital. <span class=\"_ _1\"></span>The pr<span class=\"_ _1\"></span>e-tax discount rat<span class=\"_ _1\"></span>e applied to the cash flow<span class=\"_ _1\"></span> projection is 15.<span class=\"_ _1\"></span>9% (2024: 16.4%)<span class=\"_ _393\"> </span><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs428\">As an illustration of<span class=\"_ _1\"></span> the sensitivity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> this impairment <span class=\"_ _1\"></span>test to mo<span class=\"_ _1\"></span>vements in k<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span> assumptions, the Gr<span class=\"_ _0\"></span>oup has calculated that a 0.<span class=\"_ _1\"></span>0% </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs429\">gro<span class=\"_ _1\"></span>wth rate combined with a 13.3% r<span class=\"_ _1\"></span>eduction in pro<span class=\"_ _1\"></span>fit lev<span class=\"_ _1\"></span>els w<span class=\"_ _1\"></span>ould eliminate the pr<span class=\"_ _1\"></span>ojected headroom o<span class=\"_ _1\"></span>f \u00a368.4m. Such mo<span class=\"_ _1\"></span>vements ar<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs42a\">not expected b<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement. A<span class=\"_ _0\"></span> 0.0% gr<span class=\"_ _1\"></span>owth rate combined <span class=\"_ _1\"></span>with a 16.3% reduction in pr<span class=\"_ _1\"></span>ofit le<span class=\"_ _1\"></span>vels <span class=\"_ _1\"></span>would generat<span class=\"_ _1\"></span>e a write do<span class=\"_ _1\"></span>wn </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs42b\">of \u00a310<span class=\"_ _0\"></span>.0m.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs42c\">In the <span class=\"_ _1\"></span>testing carried out at 30 September<span class=\"_ _1\"></span> 2024 a 0<span class=\"_ _1\"></span>.0% gr<span class=\"_ _1\"></span>owth rate combined <span class=\"_ _1\"></span>with a 9<span class=\"_ _1\"></span>.5% reduction in pr<span class=\"_ _1\"></span>ofit le<span class=\"_ _1\"></span>vels w<span class=\"_ _1\"></span>ould have </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs42d\">eliminated the pr<span class=\"_ _1\"></span>ojected headr<span class=\"_ _1\"></span>oom at that date o<span class=\"_ _1\"></span>f \u00a353.2m. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> 0.<span class=\"_ _1\"></span>0% gro<span class=\"_ _1\"></span>wth rate combined <span class=\"_ _1\"></span>with a 12.<span class=\"_ _1\"></span>1% reduction in pr<span class=\"_ _1\"></span>ofit <span class=\"_ _1\"></span>would hav<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs42e\">generated a <span class=\"_ _1\"></span>write down of<span class=\"_ _0\"></span> \u00a310.0m.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-364": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs430\">30. <span class=\"_ _33\"></span>Inv<span class=\"_ _0\"></span>estment in subsidiary undertakings<span class=\"_ _393\"> </span></div><div class=\"gs431\"><table class=\"s w234 h10b\" id=\"_96f4c713-d6f2-4b26-bcec-28a173acb617\"><tr><td></td><td class=\"t m0 x906 h4e y3d95 ff49 fs4 fc1 sc0 ls0 ws0\">Shares in group </td><td class=\"t m0 x907 h4e y3d95 ff49 fs4 fc1 sc0 ls0 ws0\">Loans to group </td><td class=\"t m0 x316 h4e y3d95 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x908 h4e y3d96 ff49 fs4 fc1 sc0 ls0 ws0\">companies<span class=\"_ _393\"> </span></td><td class=\"t m0 x8b1 h4e y3d96 ff49 fs4 fc1 sc0 ls0 ws0\">companies<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x1f0 y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3c61 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x41b y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cec w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x909 y3cec w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">637.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x23b y3cec w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3cec w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">787.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d22 w235 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loans repaid<span class=\"_ _393\"> </span></div></td><td class=\"c n x426 y3d22 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90a y3d22 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90b y3d22 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d23 w236 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Provision mov<span class=\"_ _1\"></span>ements<span class=\"_ _393\"> </span></div></td><td class=\"c n x90c y3d23 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x64f y3d23 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90d y3d23 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d24 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x909 y3d24 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">636.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x23b y3d24 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3d24 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">786.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cee w235 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loans repaid<span class=\"_ _393\"> </span></div></td><td class=\"c n x426 y3cee w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90a y3cee w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90b y3cee w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef w236 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Provision mov<span class=\"_ _1\"></span>ements<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3cef w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3cef w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f6 y3cef w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x909 y3c48 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">639.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7cf y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">789.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs432\">Loans <span class=\"_ _1\"></span>to group companies includes principally<span class=\"_ _1\"></span> inv<span class=\"_ _1\"></span>estments in the <span class=\"_ _1\"></span>tier 2 equity<span class=\"_ _1\"></span> instruments issued by<span class=\"_ _1\"></span> the Company\u2019<span class=\"_ _0\"></span>s banking </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs433\">subsidiary<span class=\"_ _1\"></span>, Parag<span class=\"_ _1\"></span>on Bank PL<span class=\"_ _1\"></span>C.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs434\">During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 the Company<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>eceived \u00a3158.<span class=\"_ _1\"></span>0m in dividend income from its subsidiaries (202<span class=\"_ _1\"></span>4: \u00a3161.9m) </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs435\">and \u00a311.3m of inter<span class=\"_ _1\"></span>est on loans to gr<span class=\"_ _0\"></span>oup companies (2024: \u00a319.4m). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs436\">The Company\u2019<span class=\"_ _0\"></span>s subsidiaries, and the natur<span class=\"_ _1\"></span>e of its int<span class=\"_ _1\"></span>erest in <span class=\"_ _1\"></span>them, are sho<span class=\"_ _1\"></span>wn in note 68.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gsb87\">68. <span class=\"_ _2\"></span>Details of subsidiary<span class=\"_ _0\"></span> undertakings<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb88\">Subsidiary undertakings of<span class=\"_ _0\"></span> the Group at 30 September<span class=\"_ _1\"></span> 2025, wher<span class=\"_ _1\"></span>e the shar<span class=\"_ _0\"></span>e capital is held within the Group ar<span class=\"_ _1\"></span>e shown belo<span class=\"_ _1\"></span>w. <span class=\"_ _0\"></span>The </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb89\">holdings shown ar<span class=\"_ _1\"></span>e those held within <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he shareholdings of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y in <span class=\"_ _1\"></span>the direct subsidiaries list<span class=\"_ _1\"></span>ed below ar<span class=\"_ _1\"></span>e the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb8a\">same as those held b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group, ex<span class=\"_ _1\"></span>cept <span class=\"_ _1\"></span>that f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the shareholding mark<span class=\"_ _1\"></span>ed * the Company<span class=\"_ _0\"></span> holds only 7<span class=\"_ _1\"></span>4% of<span class=\"_ _1\"></span> the shar<span class=\"_ _1\"></span>e capital. In this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb8b\">case, the r<span class=\"_ _1\"></span>emainder is held b<span class=\"_ _1\"></span>y other<span class=\"_ _0\"></span> group companies.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb8c\">The issued share capital o<span class=\"_ _1\"></span>f all subsidiaries consists of<span class=\"_ _0\"></span> ordinary shar<span class=\"_ _1\"></span>e capital. </div><div class=\"gs537\"><table class=\"s w464 h136\" id=\"_b2d18619-e8db-4b99-a8e0-c9f3ba2a08ca\"><tr><td class=\"c n x1a7 y3e59 w465 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e59 w466 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Holding<span class=\"_ _393\"> </span></div></td><td class=\"c n xf19 y3e59 w467 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e5a ff49 fs4 fc1 sc0 ls0 ws0\">Direct subsidiaries of P<span class=\"_ _1\"></span>aragon Banking Gr<span class=\"_ _1\"></span>oup PLC<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c34 w468 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Bank PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1a y3c34 w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1b y3c34 w469 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Deposit taking, residential mortgages and loan and vehicle finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c35 w46a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Car Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1c y3c35 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1d y3c35 w46c hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ehicle Finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c36 w46d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Idem Capital Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1e y3c36 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1f y3c36 w2c5 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Intermedia<span class=\"_ _1\"></span>te holding company<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cdc w46e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Redbrick Survey and V<span class=\"_ _0\"></span>aluation Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf20 y3cdc w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf21 y3cdc w46f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Sur<span class=\"_ _2\"></span>vey<span class=\"_ _1\"></span>ors and property c<span class=\"_ _1\"></span>onsulting<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cdd w442 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 12) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf22 y3cdd w470 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100% *<span class=\"_ _393\"> </span></div></td><td class=\"c n xf23 y3cdd w471 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w472 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Colonial Finance (UK) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf24 y3c38 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf25 y3c38 w473 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w474 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Earlswood Finance Limit<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n xf26 y3c39 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf27 y3c39 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (1) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c3a w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c3a w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (2) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c5d w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c5d w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (4) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c5e w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c5e w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (5) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c3c w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c3c w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (6) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c3d w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c3d w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (7) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c5f w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c5f w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (8) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c60 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c60 w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (9) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c40 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c40 w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w478 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (10) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2a y3c41 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2b y3c41 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w479 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Moorg<span class=\"_ _1\"></span>ate Asset Administr<span class=\"_ _0\"></span>ation Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2c y3c42 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2d y3c42 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w47a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Car Finance (1) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2e y3c61 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2f y3c61 w473 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w47b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 5) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf30 y3c63 w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf31 y3c63 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w47c hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon P<span class=\"_ _1\"></span>ension Investmen<span class=\"_ _1\"></span>ts GP Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf32 y3c4e w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf33 y3c4e w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w47d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon P<span class=\"_ _1\"></span>ension Plan T<span class=\"_ _0\"></span>rustees Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf34 y3c4f w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf35 y3c4f w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w47e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon P<span class=\"_ _1\"></span>ersonal Finance (1) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf36 y3c45 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2f y3c45 w473 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w47f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Universal Cr<span class=\"_ _1\"></span>edit Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3c62 w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf37 y3c62 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w480 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>orkshire Freeholds Limit<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n xf38 y3c65 w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf39 y3c65 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w481 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>orkshire Leaseholds Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf32 y3c48 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf33 y3c48 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs1d6\"><table class=\"s w482 h137\" id=\"_b586331c-8b93-4247-87dc-a65834ca3069\"><tr><td class=\"c n x1a7 y3e5b w465 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e5b w466 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Holding<span class=\"_ _393\"> </span></div></td><td class=\"c n xf19 y3e5b w467 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e5c ff49 fs4 fc1 sc0 ls0 ws0\">Direct and indirect subsidiaries of P<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agon Bank PLC<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3e5d w483 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Finance PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3e5d w46b hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3e5d w484 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages and asset administr<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e5e w485 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage T<span class=\"_ _0\"></span>rust Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3e5e w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3e5e w471 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>esidential mortgages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e5f w486 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3e5f w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3e5f w487 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e60 w488 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (2010) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3e60 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3e60 w487 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e61 wf5 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage T<span class=\"_ _0\"></span>rust Services PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1e y3e61 w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1f y3e61 w489 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages and asset administr<span class=\"_ _0\"></span>ation<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e62 w48a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Asset Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3c y3e62 w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf23 y3e62 wf2 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding company<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e63 w48b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Business Finance PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2c y3e63 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2d y3e63 w136 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e64 w48c hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Developmen<span class=\"_ _1\"></span>t Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3d y3e64 w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3e y3e64 w48d hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Development Finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e65 w48e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Developmen<span class=\"_ _1\"></span>t Finance Services Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf26 y3e65 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3f y3e65 w48f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Developmen<span class=\"_ _1\"></span>t Finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e66 w490 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">PBAF Acquisitions Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e66 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf37 y3e66 w491 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages and loan finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e67 w492 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Premier Asset Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf40 y3e67 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf27 y3e67 w493 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance brok<span class=\"_ _0\"></span>er<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e68 w494 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Specialist Fleet Services Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf24 y3e68 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf25 y3e68 w495 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance and contract hir<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e69 w496 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Collett T<span class=\"_ _0\"></span>ransport Services Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf24 y3e69 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf25 y3e69 w473 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6a w497 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Homer Management Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf41 y3e6a w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf42 y3e6a w498 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6b w499 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Lease Portf<span class=\"_ _1\"></span>olio Management Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf43 y3e6b w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf44 y3e6b w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6c w49a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Commercial Finance Limit<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e6c w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf37 y3e6c w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6d w49b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Options PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf45 y3e6d w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf46 y3e6d w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6e w49c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon T<span class=\"_ _0\"></span>echnology Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf47 y3e6e w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf48 y3e6e w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e6f ff49 fs4 fc1 sc0 ls0 ws0\">Other indirect subsidiary undertakings<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 w49d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Moorg<span class=\"_ _1\"></span>ate Loan Servicing Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3c50 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3c50 w49e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Asset administra<span class=\"_ _1\"></span>tion<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w49f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Idem Capital Securities Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf49 y3c47 w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf44 y3c47 w4a0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Asset inv<span class=\"_ _1\"></span>estment<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w4a1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon P<span class=\"_ _1\"></span>ersonal Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4a y3c48 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4b y3c48 w4a2 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Consumer loan finance<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb8e\">The financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end of<span class=\"_ _1\"></span> all the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s subsidiary companies is 30 September<span class=\"_ _0\"></span>. The<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e all register<span class=\"_ _1\"></span>ed in England and <span class=\"_ _1\"></span>W<span class=\"_ _1\"></span>ales and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb8f\">operate in the UK<span class=\"_ _1\"></span> excep<span class=\"_ _1\"></span>t Parag<span class=\"_ _1\"></span>on Pension Inv<span class=\"_ _1\"></span>estments GP Limited, <span class=\"_ _1\"></span>which is r<span class=\"_ _1\"></span>egistered in Scotland and oper<span class=\"_ _1\"></span>ates in the UK.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb90\">As part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s financing arrang<span class=\"_ _1\"></span>ements certain mortgage and consumer<span class=\"_ _1\"></span> loans originated by<span class=\"_ _0\"></span> Paragon Mortgages (2010) Limit<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb91\">and Mortgage <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rust Limit<span class=\"_ _1\"></span>ed have been sold <span class=\"_ _1\"></span>to special purpose entity companies, r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as orphan SPEs, <span class=\"_ _1\"></span>which had raised </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs49b\">non-recourse <span class=\"_ _1\"></span>finance to <span class=\"_ _1\"></span>fund these pur<span class=\"_ _1\"></span>chases. T<span class=\"_ _1\"></span>he shares of<span class=\"_ _1\"></span> these companies ar<span class=\"_ _1\"></span>e ultimately<span class=\"_ _1\"></span> beneficially o<span class=\"_ _1\"></span>wned thr<span class=\"_ _1\"></span>ough independent </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb92\">trusts, but the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be contr<span class=\"_ _1\"></span>olled by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, as defined by<span class=\"_ _1\"></span> IFRS 10, due t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s exposur<span class=\"_ _1\"></span>es to <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>ariable </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb93\">returns <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the assets of<span class=\"_ _1\"></span> each entity and its ability<span class=\"_ _1\"></span> to dir<span class=\"_ _1\"></span>ect <span class=\"_ _1\"></span>their activities, <span class=\"_ _1\"></span>within the constraints imposed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the lending documents. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs49e\">Hence, the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be subsidiaries of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup.<span class=\"_ _393\"> </span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb95\">The principal companies party <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>these arrangements at 30 September<span class=\"_ _0\"></span> 2025 comprise:<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w4a3 h138\" id=\"_dd3ba315-3da0-4fae-8ec0-867f20a49e9a\"><tr><td class=\"c n x1a7 y3e70 w465 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4c y3e70 w467 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e71 w4a4 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Cover<span class=\"_ _1\"></span>ed Bonds Finance Limited *<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4d y3e71 w4a5 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Holding compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e72 w4a6 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Cover<span class=\"_ _1\"></span>ed Bonds (Holdings) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4e y3e72 w4a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding company<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d83 w4a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 27) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4f y3d83 w4a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e73 w442 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 27) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf50 y3e73 w471 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e74 w4a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 28) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4f y3e74 w4a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d85 w442 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 28) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf50 y3d85 w471 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d86 w4a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 29) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4f y3d86 w4a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d87 w442 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 29) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf50 y3d87 w471 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e75 w4aa hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Arianty Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf51 y3e75 w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc6 w4ab hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Arianty No. 1 PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf52 y3cc6 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc7 w4ac hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Fifth Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf53 y3cc7 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc8 w4ad hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Seven<span class=\"_ _1\"></span>th Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf54 y3cc8 w473 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db1 w4ae hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Sixth Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf55 y3db1 w4af hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db2 w4a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 25) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4f y3db2 w4af hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb w442 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 25) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf50 y3ccb w498 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w4a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 26) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf56 y3ccc w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gsb96\">*The Group has a 20% equity<span class=\"_ _1\"></span> interest in <span class=\"_ _1\"></span>this entity<span class=\"_ _1\"></span>, with the r<span class=\"_ _1\"></span>emaining interest held <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>the orphan structure. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb97\">All these companies ar<span class=\"_ _1\"></span>e register<span class=\"_ _1\"></span>ed and operate in <span class=\"_ _1\"></span>the UK.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb98\">Paragon Co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ed Bonds LLP is a limit<span class=\"_ _1\"></span>ed liability partnership r<span class=\"_ _1\"></span>egister<span class=\"_ _1\"></span>ed in England and W<span class=\"_ _0\"></span>ales, in which control is <span class=\"_ _1\"></span>vested in certain </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb99\">other gr<span class=\"_ _0\"></span>oup entities. It is therefor<span class=\"_ _1\"></span>e consider<span class=\"_ _1\"></span>ed to be a subsidiary<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup. T<span class=\"_ _1\"></span>his entity operat<span class=\"_ _1\"></span>es in the UK.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb9a\">Earlswood Finance (No<span class=\"_ _1\"></span>. 3) Limited, a company<span class=\"_ _1\"></span> limited by<span class=\"_ _1\"></span> guarantee, is r<span class=\"_ _1\"></span>egistered in England and <span class=\"_ _1\"></span>W<span class=\"_ _1\"></span>ales and operates in <span class=\"_ _1\"></span>the UK. It is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb9b\">included in the consolidation as it is ultimately<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>olled by<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb9c\">The Parag<span class=\"_ _1\"></span>on Pension Partnership LP<span class=\"_ _0\"></span> is a limited partnership established under Scots law<span class=\"_ _0\"></span>, in which control is <span class=\"_ _1\"></span>vested in members </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb9d\">which are gr<span class=\"_ _1\"></span>oup companies. It is ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be a subsidiary<span class=\"_ _1\"></span> entity<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>The outside member is <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s Pension Plan and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb9e\">the Plan\u2019<span class=\"_ _0\"></span>s rights to income <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the partnership are set<span class=\"_ _1\"></span> out in the partnership agr<span class=\"_ _1\"></span>eement. <span class=\"_ _1\"></span>Theref<span class=\"_ _1\"></span>ore, no minority<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est arises. T<span class=\"_ _1\"></span>he </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb9f\">partnership is register<span class=\"_ _0\"></span>ed in Scotland and operates in the UK.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsba0\">The regist<span class=\"_ _1\"></span>ered office o<span class=\"_ _1\"></span>f each of<span class=\"_ _1\"></span> the entities list<span class=\"_ _1\"></span>ed in this note is <span class=\"_ _1\"></span>the same as that o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company (<span class=\"_ _1\"></span>note 1), ex<span class=\"_ _1\"></span>cept <span class=\"_ _1\"></span>that the r<span class=\"_ _1\"></span>egistered </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsba1\">office of<span class=\"_ _1\"></span> the Scottish entities is Citypoint, 65 Ha<span class=\"_ _1\"></span>ymarket <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>errace, Edinburgh, EH12 5HD<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsba2\">All the entities listed abo<span class=\"_ _1\"></span>ve ar<span class=\"_ _1\"></span>e included in the consolidated accounts of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsba4\">Companies in liquidation<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsba5\">The f<span class=\"_ _1\"></span>ollowing legal subsidiaries of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup w<span class=\"_ _1\"></span>ere in liquidation at 30 Sep<span class=\"_ _1\"></span>tember 2025. <span class=\"_ _0\"></span>They do not <span class=\"_ _1\"></span>form part of<span class=\"_ _0\"></span> the consolidation as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsba6\">they<span class=\"_ _1\"></span> are consider<span class=\"_ _1\"></span>ed to be contr<span class=\"_ _1\"></span>olled by<span class=\"_ _1\"></span> the liquidat<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>. </div><div class=\"gs673\"><table class=\"s w4b0 h139\" id=\"_b867cb9c-9f56-4209-83fd-e5e5394f044d\"><tr><td class=\"c n x1a7 y3e76 w465 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e76 w466 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Holding<span class=\"_ _393\"> </span></div></td><td class=\"c n xf19 y3e76 w467 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e77 ff49 fs4 fc1 sc0 ls0 ws0\">Direct subsidiaries of P<span class=\"_ _1\"></span>aragon Banking Gr<span class=\"_ _1\"></span>oup PLC<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3e78 w4b1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Dealer Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf57 y3e78 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf58 y3e78 w473 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e79 w4b2 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Loan Finance (No. 3) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf59 y3e79 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5a y3e79 w473 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e7a w4b3 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Third Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5b y3e7a w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5c y3e7a w475 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e7b w4b4 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon V<span class=\"_ _0\"></span>ehicle Contracts Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf34 y3e7b w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf35 y3e7b w475 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e7c w4b5 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">The Business Mortgage Compan<span class=\"_ _1\"></span>y Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3d y3e7c w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3e y3e7c w475 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e7d ff49 fs4 fc1 sc0 ls0 ws0\">Direct and indirect subsidiaries of P<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agon Bank PLC<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3e7e w4b6 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Second Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5d y3e7e w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5e y3e7e w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e7f ff49 fs4 fc1 sc0 ls0 ws0\">Other indirect subsidiary undertakings<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3db2 w4b7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Buy to let Direct Limit<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n xf47 y3db2 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf48 y3db2 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e42 w4b8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">TBMC Group Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e42 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf37 y3e42 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w4b9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">The Business Mortgage Compan<span class=\"_ _1\"></span>y Services Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3ccc w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3ccc w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsba7\">The shareholding o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> in each of <span class=\"_ _1\"></span>the direct subsidiaries sho<span class=\"_ _1\"></span>wn abov<span class=\"_ _1\"></span>e is the same as <span class=\"_ _1\"></span>that of <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he issued share </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsba8\">capital of each o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the companies listed abov<span class=\"_ _1\"></span>e consists of or<span class=\"_ _1\"></span>dinary<span class=\"_ _1\"></span> shares only<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsba9\">The f<span class=\"_ _1\"></span>ollowing orphan SPE company<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as also in liquidation at 30 September<span class=\"_ _1\"></span> 2025.<span class=\"_ _393\"> </span></div><div class=\"gsbaa\"><table class=\"s w4b0 h13a\" id=\"_f58b18f3-ae7c-46f1-874a-0b1626ccf30f\"><tr><td class=\"c n x1a7 y3e50 w465 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e50 w466 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Holding<span class=\"_ _393\"> </span></div></td><td class=\"c n xf19 y3e50 w467 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w442 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 26) PLC<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xf5f y3c48 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsbab\">All the companies in liquidation listed in <span class=\"_ _1\"></span>this section are r<span class=\"_ _1\"></span>egister<span class=\"_ _1\"></span>ed and operated in the UK.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "30. <span class=\"_ _33\"></span>Inv<span class=\"_ _0\"></span>estment in subsidiary undertakings<span class=\"_ _393\"> </span><table class=\"s w234 h10b\" id=\"_96f4c713-d6f2-4b26-bcec-28a173acb617\"><tr><td></td><td class=\"t m0 x906 h4e y3d95 ff49 fs4 fc1 sc0 ls0 ws0\">Shares in group </td><td class=\"t m0 x907 h4e y3d95 ff49 fs4 fc1 sc0 ls0 ws0\">Loans to group </td><td class=\"t m0 x316 h4e y3d95 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x908 h4e y3d96 ff49 fs4 fc1 sc0 ls0 ws0\">companies<span class=\"_ _393\"> </span></td><td class=\"t m0 x8b1 h4e y3d96 ff49 fs4 fc1 sc0 ls0 ws0\">companies<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x1f0 y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3c61 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x41b y3c61 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cec w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x909 y3cec w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">637.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x23b y3cec w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3cec w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">787.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d22 w235 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loans repaid<span class=\"_ _393\"> </span></div></td><td class=\"c n x426 y3d22 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90a y3d22 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90b y3d22 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d23 w236 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Provision mov<span class=\"_ _1\"></span>ements<span class=\"_ _393\"> </span></div></td><td class=\"c n x90c y3d23 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x64f y3d23 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90d y3d23 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d24 w187 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x909 y3d24 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">636.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x23b y3d24 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3d24 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">786.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cee w235 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loans repaid<span class=\"_ _393\"> </span></div></td><td class=\"c n x426 y3cee w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90a y3cee w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x90b y3cee w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cef w236 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Provision mov<span class=\"_ _1\"></span>ements<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3cef w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3cef w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f6 y3cef w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x909 y3c48 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">639.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x7cf y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">789.2<span class=\"_ _393\"> </span></div></td></tr></table>Loans <span class=\"_ _1\"></span>to group companies includes principally<span class=\"_ _1\"></span> inv<span class=\"_ _1\"></span>estments in the <span class=\"_ _1\"></span>tier 2 equity<span class=\"_ _1\"></span> instruments issued by<span class=\"_ _1\"></span> the Company\u2019<span class=\"_ _0\"></span>s banking subsidiary<span class=\"_ _1\"></span>, Parag<span class=\"_ _1\"></span>on Bank PL<span class=\"_ _1\"></span>C.<span class=\"_ _393\"> </span>During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 the Company<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>eceived \u00a3158.<span class=\"_ _1\"></span>0m in dividend income from its subsidiaries (202<span class=\"_ _1\"></span>4: \u00a3161.9m) and \u00a311.3m of inter<span class=\"_ _1\"></span>est on loans to gr<span class=\"_ _0\"></span>oup companies (2024: \u00a319.4m). The Company\u2019<span class=\"_ _0\"></span>s subsidiaries, and the natur<span class=\"_ _1\"></span>e of its int<span class=\"_ _1\"></span>erest in <span class=\"_ _1\"></span>them, are sho<span class=\"_ _1\"></span>wn in note 68.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-365": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs438\">31. <span class=\"_ _ce\"> </span>Retail deposits<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs439\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s retail deposits, held b<span class=\"_ _1\"></span>y P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C, wer<span class=\"_ _1\"></span>e receiv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om customers in <span class=\"_ _1\"></span>the UK and are denominat<span class=\"_ _1\"></span>ed in sterling. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs43a\">The deposits comprise principally <span class=\"_ _1\"></span>term deposits, and notice and eas<span class=\"_ _1\"></span>y access accounts. <span class=\"_ _1\"></span>The method o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est calculation on these </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs43b\">deposits is analysed as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span></div><div class=\"gs43c\"><table class=\"s w113 hf6\" id=\"_b8ead740-15e4-427f-b95c-a508f29cb248\"><tr><td></td><td class=\"c n x455 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x456 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x457 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x1f0 y3c98 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3c98 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f2 y3c98 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w237 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fixed r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div></td><td class=\"c n x51c y3c62 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,632.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x90e y3c62 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,257.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b1 y3c62 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,690.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w238 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _0\"></span>ariable rates<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a4 y3c65 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,633.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c0 y3c65 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,040.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a5 y3c65 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,575.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x49c y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,265.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x49d y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,298.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x49e y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,265.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs43d\">The w<span class=\"_ _1\"></span>eighted av<span class=\"_ _1\"></span>erage inter<span class=\"_ _1\"></span>est rate on r<span class=\"_ _1\"></span>etail deposits at 30 September<span class=\"_ _1\"></span> 2025, analysed b<span class=\"_ _1\"></span>y char<span class=\"_ _1\"></span>ging method, w<span class=\"_ _1\"></span>as:<span class=\"_ _393\"> </span></div><div class=\"gs43e\"><table class=\"s w239 hea\" id=\"_7638d526-e159-47f5-ae37-9df0f36cb466\"><tr><td></td><td class=\"c n x455 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x456 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x457 y3cb2 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x90f y3c98 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x910 y3c98 w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x911 y3c98 w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w237 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fixed r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div></td><td class=\"c n x912 y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.32<span class=\"_ _393\"> </span></div></td><td class=\"c n x913 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.77<span class=\"_ _393\"> </span></div></td><td class=\"c n x914 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.07<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w238 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _0\"></span>ariable rates<span class=\"_ _393\"> </span></div></td><td class=\"c n x915 y3c65 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.61<span class=\"_ _393\"> </span></div></td><td class=\"c n x7a0 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.19<span class=\"_ _393\"> </span></div></td><td class=\"c n x916 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.74<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w23b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">All deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x917 y3c48 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.95<span class=\"_ _393\"> </span></div></td><td class=\"c n x918 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.49<span class=\"_ _393\"> </span></div></td><td class=\"c n x919 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.95<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs440\">The contractual maturity<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>these deposits is analysed belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w23c hda\" id=\"_42f66c20-08ba-4e0e-b348-3b7970ec6bc3\"><tr><td></td><td class=\"c n x463 y3c3f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c3f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c3f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3cae w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3cae w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3cae w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d97 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts repa<span class=\"_ _1\"></span>yable<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c42 w23d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">In less than three months<span class=\"_ _393\"> </span></div></td><td class=\"c n x45b y3c42 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,371.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x45c y3c42 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,621.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x45d y3c42 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,589.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w23e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">In more than three mon<span class=\"_ _1\"></span>ths, but not more than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x7fe y3c43 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,152.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x91a y3c43 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,847.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x91b y3c43 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,193.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w23f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">In more than one year<span class=\"_ _e\"></span>, but not more than two years<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c44 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">983.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45c y3c44 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,502.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x45d y3c44 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,643.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w240 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">In more than two y<span class=\"_ _1\"></span>ears, but not more than fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x34a y3c4e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">516.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x91c y3c4e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">615.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x91d y3c4e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">631.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w241 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal term deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n x91e y3c4f w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,023.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x38b y3c4f w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,586.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x91f y3c4f w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9,057.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w242 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Repa<span class=\"_ _1\"></span>yable on demand<span class=\"_ _393\"> </span></div></td><td class=\"c n x248 y3c45 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,242.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x249 y3c45 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7,711.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x24a y3c45 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,207.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x387 y3c50 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,265.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x920 y3c50 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,298.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x921 y3c50 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,265.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w243 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue adjustments f<span class=\"_ _1\"></span>or portfolio hedging (not<span class=\"_ _1\"></span>e 24)<span class=\"_ _393\"> </span></div></td><td class=\"c n x922 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x923 y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x924 y3c47 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(30.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x387 y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,270.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x920 y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,314.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x921 y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,234.4</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-422": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs442\">32. <span class=\"_ _29\"></span>Cov<span class=\"_ _1\"></span>ered bonds<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs443\">On 24 F<span class=\"_ _0\"></span>ebruary 2025, Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C established a cov<span class=\"_ _1\"></span>ered bond pr<span class=\"_ _1\"></span>ogramme, regulat<span class=\"_ _1\"></span>ed and appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Financial Conduct </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs444\">Authority (\u2018F<span class=\"_ _0\"></span>CA<span class=\"_ _1\"></span>\u2019). Under<span class=\"_ _1\"></span> this pr<span class=\"_ _1\"></span>ogramme Paragon Bank<span class=\"_ _1\"></span> has the ability<span class=\"_ _1\"></span> to issue a <span class=\"_ _1\"></span>total of<span class=\"_ _1\"></span> up to \u00a35,<span class=\"_ _0\"></span>000.0m of<span class=\"_ _1\"></span> bonds, secured on a pool </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs445\">of mortg<span class=\"_ _1\"></span>age assets, <span class=\"_ _1\"></span>when market conditions ar<span class=\"_ _1\"></span>e acceptable, <span class=\"_ _1\"></span>with a relativ<span class=\"_ _1\"></span>e short prepar<span class=\"_ _1\"></span>ation and lead time. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs446\">On 11 March 2025, Parag<span class=\"_ _1\"></span>on Bank made its first issue o<span class=\"_ _1\"></span>f bonds under<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>ogramme. <span class=\"_ _1\"></span>The principal amount of<span class=\"_ _1\"></span> bonds issued w<span class=\"_ _1\"></span>as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs447\">\u00a3500.<span class=\"_ _1\"></span>0m, and the bonds ha<span class=\"_ _1\"></span>ve a due date of<span class=\"_ _1\"></span> 20 March 2028 and bear<span class=\"_ _0\"></span> interest at a rate of<span class=\"_ _1\"></span> 0<span class=\"_ _1\"></span>.6% ov<span class=\"_ _1\"></span>er compounded daily<span class=\"_ _0\"></span> SON<span class=\"_ _2\"></span>IA. The<span class=\"_ _1\"></span>y </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs448\">have been assigned a cr<span class=\"_ _1\"></span>edit rating of<span class=\"_ _0\"></span> Aaa by<span class=\"_ _1\"></span> Moody\u2019<span class=\"_ _0\"></span>s and AAA<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> Fitch.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs449\">The amount outstanding in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> these cov<span class=\"_ _1\"></span>ered bonds at 30 Sep<span class=\"_ _1\"></span>tember 2025 <span class=\"_ _1\"></span>was \u00a3499<span class=\"_ _0\"></span>.2m and the gross amount of<span class=\"_ _1\"></span> the co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws30 gs44a\">pool was \u00a3891.6m.<span class=\"_ _393\"> </span></div>",
   "dimensions": {
    "concept": "paragonbankingplc:DisclosureOfCoveredBonds",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "32. <span class=\"_ _29\"></span>Cov<span class=\"_ _1\"></span>ered bonds<span class=\"_ _393\"> </span>On 24 F<span class=\"_ _0\"></span>ebruary 2025, Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C established a cov<span class=\"_ _1\"></span>ered bond pr<span class=\"_ _1\"></span>ogramme, regulat<span class=\"_ _1\"></span>ed and appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Financial Conduct Authority (\u2018F<span class=\"_ _0\"></span>CA<span class=\"_ _1\"></span>\u2019). Under<span class=\"_ _1\"></span> this pr<span class=\"_ _1\"></span>ogramme Paragon Bank<span class=\"_ _1\"></span> has the ability<span class=\"_ _1\"></span> to issue a <span class=\"_ _1\"></span>total of<span class=\"_ _1\"></span> up to \u00a35,<span class=\"_ _0\"></span>000.0m of<span class=\"_ _1\"></span> bonds, secured on a pool of mortg<span class=\"_ _1\"></span>age assets, <span class=\"_ _1\"></span>when market conditions ar<span class=\"_ _1\"></span>e acceptable, <span class=\"_ _1\"></span>with a relativ<span class=\"_ _1\"></span>e short prepar<span class=\"_ _1\"></span>ation and lead time. On 11 March 2025, Parag<span class=\"_ _1\"></span>on Bank made its first issue o<span class=\"_ _1\"></span>f bonds under<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>ogramme. <span class=\"_ _1\"></span>The principal amount of<span class=\"_ _1\"></span> bonds issued w<span class=\"_ _1\"></span>as \u00a3500.<span class=\"_ _1\"></span>0m, and the bonds ha<span class=\"_ _1\"></span>ve a due date of<span class=\"_ _1\"></span> 20 March 2028 and bear<span class=\"_ _0\"></span> interest at a rate of<span class=\"_ _1\"></span> 0<span class=\"_ _1\"></span>.6% ov<span class=\"_ _1\"></span>er compounded daily<span class=\"_ _0\"></span> SON<span class=\"_ _2\"></span>IA. The<span class=\"_ _1\"></span>y have been assigned a cr<span class=\"_ _1\"></span>edit rating of<span class=\"_ _0\"></span> Aaa by<span class=\"_ _1\"></span> Moody\u2019<span class=\"_ _0\"></span>s and AAA<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> Fitch.<span class=\"_ _393\"> </span>The amount outstanding in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> these cov<span class=\"_ _1\"></span>ered bonds at 30 Sep<span class=\"_ _1\"></span>tember 2025 <span class=\"_ _1\"></span>was \u00a3499<span class=\"_ _0\"></span>.2m and the gross amount of<span class=\"_ _1\"></span> the co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> pool was \u00a3891.6m.<span class=\"_ _393\"> </span>33. <span class=\"_ _29\"></span>Retail bonds<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s final outstanding issue of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>tail bonds, issued under its Eur<span class=\"_ _1\"></span>o Medium <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>erm Note Pr<span class=\"_ _1\"></span>ogramme, <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>epaid on 28 August<span class=\"_ _1\"></span> 2024. <span class=\"_ _1\"></span>These bonds <span class=\"_ _1\"></span>were list<span class=\"_ _1\"></span>ed on the L<span class=\"_ _1\"></span>ondon Stock Ex<span class=\"_ _1\"></span>change. <span class=\"_ _1\"></span>The principal amount of<span class=\"_ _1\"></span> notes in issue at 30 September<span class=\"_ _0\"></span> 2023 was \u00a3112.5m and they<span class=\"_ _1\"></span> bore inter<span class=\"_ _0\"></span>est at a fixed rate o<span class=\"_ _1\"></span>f 6.<span class=\"_ _1\"></span>0% per annum. The notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e unsubordinated unsecur<span class=\"_ _1\"></span>ed liabilities of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> and the amount included in <span class=\"_ _1\"></span>the accounts of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Company<span class=\"_ _1\"></span> in respect of<span class=\"_ _1\"></span> these bonds at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2023 was \u00a3112.4m. No bonds r<span class=\"_ _1\"></span>emained outstanding at 30 September<span class=\"_ _1\"></span> 2025 or 30 September<span class=\"_ _1\"></span> 2024.<span class=\"_ _393\"> </span>34. <span class=\"_ _33\"></span>Corporate bonds<span class=\"_ _393\"> </span>On 25 March 2021 <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> issued \u00a3150.<span class=\"_ _1\"></span>0m of Fix<span class=\"_ _1\"></span>ed Rate Callable Subor<span class=\"_ _1\"></span>dinated T<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>-2 No<span class=\"_ _1\"></span>tes due 2031 at par<span class=\"_ _0\"></span>. These not<span class=\"_ _1\"></span>es bear interest at<span class=\"_ _1\"></span> a rate of<span class=\"_ _1\"></span> 4.375% per<span class=\"_ _1\"></span> annum until 25 September<span class=\"_ _1\"></span> 2026 after <span class=\"_ _1\"></span>which inter<span class=\"_ _1\"></span>est will be pa<span class=\"_ _1\"></span>yable at a r<span class=\"_ _1\"></span>eset rate <span class=\"_ _1\"></span>which is 3.956% over<span class=\"_ _0\"></span> that payable on UK<span class=\"_ _1\"></span> Government bonds o<span class=\"_ _1\"></span>f similar<span class=\"_ _1\"></span> duration at <span class=\"_ _1\"></span>that time. <span class=\"_ _1\"></span>These not<span class=\"_ _1\"></span>es are callable at <span class=\"_ _1\"></span>the option of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> between 25 <span class=\"_ _1\"></span>June 2026 and 25 September<span class=\"_ _1\"></span> 2026 and may<span class=\"_ _1\"></span> be called at any<span class=\"_ _1\"></span> time in <span class=\"_ _1\"></span>the ev<span class=\"_ _1\"></span>ent of certain <span class=\"_ _1\"></span>tax or<span class=\"_ _1\"></span> regulatory<span class=\"_ _1\"></span> changes. <span class=\"_ _1\"></span>The notes ar<span class=\"_ _1\"></span>e unsecured and subor<span class=\"_ _1\"></span>dinated to all cr<span class=\"_ _1\"></span>editors of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>The notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e originally rated BB+ b<span class=\"_ _1\"></span>y Fit<span class=\"_ _1\"></span>ch and are curr<span class=\"_ _1\"></span>ently rated BBB-, f<span class=\"_ _1\"></span>ollowing an upgrade on 7 Mar<span class=\"_ _1\"></span>ch 2022. T<span class=\"_ _1\"></span>he proceeds of<span class=\"_ _0\"></span> the notes are utilised in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Green Bond F<span class=\"_ _1\"></span>ramew<span class=\"_ _1\"></span>ork, which is a<span class=\"_ _1\"></span>vailable on its inv<span class=\"_ _1\"></span>estor <span class=\"_ _1\"></span>website.<span class=\"_ _393\"> </span>The carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> corporate bonds in <span class=\"_ _1\"></span>the accounts of <span class=\"_ _1\"></span>the Group at 30 Sep<span class=\"_ _1\"></span>tember 2025 <span class=\"_ _1\"></span>was \u00a3150<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>1m (2024: \u00a3149.9m<span class=\"_ _1\"></span>), while <span class=\"_ _1\"></span>the carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the bonds in the accounts o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> at 30 September<span class=\"_ _1\"></span> 2025 w<span class=\"_ _1\"></span>as \u00a3149.8m (2024: \u00a3149<span class=\"_ _0\"></span>.6m), with <span class=\"_ _1\"></span>the differ<span class=\"_ _1\"></span>ence arising as a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging tr<span class=\"_ _1\"></span>eatment described in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>35. <span class=\"_ _29\"></span>Central bank facilities<span class=\"_ _393\"> </span>During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the Group has utilised <span class=\"_ _1\"></span>facilities pr<span class=\"_ _1\"></span>ovided by<span class=\"_ _1\"></span> the Bank<span class=\"_ _1\"></span> of England <span class=\"_ _1\"></span>through its S<span class=\"_ _1\"></span>terling Monetary F<span class=\"_ _0\"></span>ramework. <span class=\"_ _1\"></span>These facilities enable either <span class=\"_ _1\"></span>funding or o<span class=\"_ _1\"></span>ff balance sheet<span class=\"_ _1\"></span> liquidity <span class=\"_ _1\"></span>to be pro<span class=\"_ _1\"></span>vided to Par<span class=\"_ _1\"></span>agon Bank PL<span class=\"_ _0\"></span>C on the security of<span class=\"_ _1\"></span> eligible collateral, currently<span class=\"_ _1\"></span> in the <span class=\"_ _1\"></span>form of<span class=\"_ _1\"></span> designated pools of<span class=\"_ _1\"></span> first mortg<span class=\"_ _1\"></span>age assets and / or<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>etained notes described in note 60<span class=\"_ _1\"></span>, with <span class=\"_ _1\"></span>the amount available based on <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the security<span class=\"_ _1\"></span> given, subject, <span class=\"_ _1\"></span>where appr<span class=\"_ _1\"></span>opriate, to a hair<span class=\"_ _1\"></span>cut.<span class=\"_ _393\"> </span>Drawings under<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>erm F<span class=\"_ _0\"></span>unding Scheme for SMEs (\u2018TFSME\u2019) hav<span class=\"_ _1\"></span>e a maturity of<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>our <span class=\"_ _1\"></span>years and bear<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est at Bank Base Rate (\u2018BBR\u2019). As <span class=\"_ _1\"></span>these drawings <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>vided at rates below<span class=\"_ _1\"></span> those a<span class=\"_ _1\"></span>vailable commer<span class=\"_ _1\"></span>cially<span class=\"_ _1\"></span>, by<span class=\"_ _1\"></span> a go<span class=\"_ _1\"></span>vernment agenc<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, the<span class=\"_ _1\"></span>y ar<span class=\"_ _0\"></span>e accounted for<span class=\"_ _1\"></span> under IA<span class=\"_ _1\"></span>S 20.<span class=\"_ _393\"> </span>Drawings under<span class=\"_ _1\"></span> the Index<span class=\"_ _1\"></span>ed Long<span class=\"_ _1\"></span>-<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>erm Repo Scheme (\u2018IL<span class=\"_ _e\"></span>TR\u2019) have a maturity<span class=\"_ _1\"></span> of six months and a r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> interest se<span class=\"_ _1\"></span>t in an auction process. <span class=\"_ _1\"></span>At<span class=\"_ _1\"></span> 30 September 2025, <span class=\"_ _1\"></span>the av<span class=\"_ _1\"></span>erage rate o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est on <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s IL<span class=\"_ _0\"></span>TR drawings <span class=\"_ _1\"></span>was 0<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>15% above BBR (2024: 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>15%). T<span class=\"_ _1\"></span>he Group mak<span class=\"_ _1\"></span>es drawings under<span class=\"_ _1\"></span> the IL<span class=\"_ _e\"></span>TR programme <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>time to <span class=\"_ _1\"></span>time for<span class=\"_ _1\"></span> liquidity<span class=\"_ _1\"></span> purposes.<span class=\"_ _393\"> </span>The amounts drawn under<span class=\"_ _1\"></span> these <span class=\"_ _1\"></span>facilities are se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s wd8 hf6\" id=\"_4a7046b8-7eb2-47a1-9e82-93c969a221fc\"><tr><td></td><td class=\"c n x36b y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w244 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">TFSME<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e0 y3c50 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">250.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w245 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">IL<span class=\"_ _0\"></span>TR<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">700.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w246 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal centr<span class=\"_ _1\"></span>al bank facilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">950.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">755.0<span class=\"_ _393\"> </span></div></td></tr></table>\u00a3244.8m of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s TFSME drawing f<span class=\"_ _1\"></span>ell due on 21 October<span class=\"_ _1\"></span> 2025, after <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear end, <span class=\"_ _1\"></span>when it w<span class=\"_ _1\"></span>as repaid. <span class=\"_ _0\"></span>The remaining \u00a35.2m falls due on 31 March 2027<span class=\"_ _e\"></span>. F<span class=\"_ _1\"></span>urther <span class=\"_ _1\"></span>first mortgag<span class=\"_ _1\"></span>e assets of P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C have been pr<span class=\"_ _1\"></span>e-positioned with the Bank<span class=\"_ _1\"></span> of England <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e use in such schemes and eligible retained no<span class=\"_ _1\"></span>tes can also be used to support <span class=\"_ _1\"></span>this funding (<span class=\"_ _1\"></span>note 60). <span class=\"_ _1\"></span>The mortgag<span class=\"_ _1\"></span>e assets pledged in support of<span class=\"_ _1\"></span> these drawings ar<span class=\"_ _1\"></span>e set out in note 16.<span class=\"_ _393\"> </span>The balances arising fr<span class=\"_ _1\"></span>om the <span class=\"_ _1\"></span>TFSME carried in the Gr<span class=\"_ _1\"></span>oup accounts are sho<span class=\"_ _1\"></span>wn below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s wd8 hf6\" id=\"_373f5b51-aeb9-41ac-9794-ba1ab4ff61e6\"><tr><td></td><td class=\"c n x36b y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w247 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">TFSME at IAS 20 carrying v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">249.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">745.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w248 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred gov<span class=\"_ _1\"></span>ernment assistance<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">250.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td></tr></table>36. <span class=\"_ _33\"></span>Sale and repurchase agreements<span class=\"_ _393\"> </span>F<span class=\"_ _1\"></span>rom <span class=\"_ _1\"></span>time to <span class=\"_ _1\"></span>time the Gr<span class=\"_ _1\"></span>oup enters into short-<span class=\"_ _1\"></span>term sale and repur<span class=\"_ _1\"></span>chase agreements <span class=\"_ _1\"></span>with highly<span class=\"_ _1\"></span> rated UK banks as part o<span class=\"_ _1\"></span>f its liquidity<span class=\"_ _1\"></span> management operations.<span class=\"_ _393\"> </span>At 30 Sept<span class=\"_ _1\"></span>ember 2025, \u00a3100<span class=\"_ _1\"></span>.0m <span class=\"_ _1\"></span>was outstanding under<span class=\"_ _1\"></span> such arrangements (2024: \u00a3100<span class=\"_ _0\"></span>.0m). <span class=\"_ _1\"></span>The aver<span class=\"_ _1\"></span>age t<span class=\"_ _1\"></span>erm of <span class=\"_ _1\"></span>the agreements was 3 months (2024: 3 months<span class=\"_ _1\"></span>) and the av<span class=\"_ _1\"></span>erage r<span class=\"_ _1\"></span>emaining t<span class=\"_ _1\"></span>erm 1 month (2024: 1 month). <span class=\"_ _1\"></span>The av<span class=\"_ _1\"></span>erage inter<span class=\"_ _1\"></span>est rate pa<span class=\"_ _1\"></span>yable <span class=\"_ _1\"></span>was 0<span class=\"_ _1\"></span>.47% (2024: 0.44%) abo<span class=\"_ _1\"></span>ve compounded SONIA.<span class=\"_ _393\"> </span>The securities subject t<span class=\"_ _1\"></span>o the sale and r<span class=\"_ _1\"></span>epurchase agr<span class=\"_ _1\"></span>eement w<span class=\"_ _1\"></span>ere certain of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s retained asset back<span class=\"_ _1\"></span>ed loan notes, described in note 60<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>48. <span class=\"_ _33\"></span>R<span class=\"_ _1\"></span>econciliation of<span class=\"_ _1\"></span> net debt<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w15e h113\" id=\"_6678f7a2-0fe7-431e-a641-2d0cfec5c935\"><tr><td></td><td></td><td class=\"t m0 xa58 h4e y3dbf ff49 fs4 fc1 sc0 ls0 ws0\">Cash flows<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa59 h4e y3dc0 ff49 fs4 fc1 sc0 ls0 ws0\">Opening </td><td class=\"t m0 xa5a h4e y3dc0 ff49 fs4 fc1 sc0 ls0 ws0\">Debt </td><td class=\"c n xa5b y3dc1 w2aa hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n xa5c y3dc1 w2ab hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Non-cash<span class=\"_ _393\"> </span></div></td><td class=\"t m0 x9aa h4e y3dc0 ff49 fs4 fc1 sc0 ls0 ws0\">Closing </td></tr><tr><td></td><td class=\"t m0 xa5d h4e y3dc2 ff49 fs4 fc1 sc0 ls0 ws0\">debt<span class=\"_ _393\"> </span></td><td class=\"t m0 xa5e h4e y3dc2 ff49 fs4 fc1 sc0 ls0 ws0\">issued<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 xa5f h4e y3dc2 ff49 fs4 fc1 sc0 ls0 ws0\">movements<span class=\"_ _393\"> </span></td><td class=\"t m0 xa60 h4e y3dc2 ff49 fs4 fc1 sc0 ls0 ws0\">debt<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"c n xa61 y3dc3 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xa62 y3dc3 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xa63 y3dc3 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xa64 y3dc3 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xa65 y3dc3 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dc4 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3dc5 w63 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset back<span class=\"_ _1\"></span>ed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n xa66 y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa67 y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa68 y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa69 y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2b y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dc6 wd2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6a y3dc6 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6b y3dc6 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6c y3dc6 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6d y3dc6 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6e y3dc6 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dc7 w64 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6f y3dc7 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa70 y3dc7 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">498.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xa71 y3dc7 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa72 y3dc7 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x205 y3dc7 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d71 wd4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa73 y3d71 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa74 y3d71 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa75 y3d71 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa76 y3d71 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa77 y3d71 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dc8 w2ac hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Long-term centr<span class=\"_ _1\"></span>al bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa78 y3dc8 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa79 y3dc8 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7a y3dc8 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(500.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7b y3dc8 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x59c y3dc8 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">250.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d9f w2ad hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm centr<span class=\"_ _1\"></span>al bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7c y3d9f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7d y3d9f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7e y3d9f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">695.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x827 y3d9f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3d9f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">700.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da0 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7f y3da0 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa80 y3da0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa81 y3da0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa82 y3da0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa83 y3da0 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d8f w2ae hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa84 y3d8f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xa85 y3d8f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa86 y3d8f w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa87 y3d8f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xa88 y3d8f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dc9 w60 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa89 y3dc9 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8a y3dc9 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8b y3dc9 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8c y3dc9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3dc9 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dca w2af hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Gross debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8d y3dca w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,013.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8e y3dca w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">498.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8f y3dca w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">192.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa90 y3dca w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xa91 y3dca w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,706.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da4 w2b0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xa92 y3da4 w2b1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2,525.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa93 y3da4 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(498.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa94 y3da4 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">634.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x827 y3da4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa95 y3da4 w2b2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2,389.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w2b3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net (funds)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa96 y3c9b w2b4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1,512.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa97 y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa98 y3c9b w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">826.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xa99 y3c9b w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9a y3c9b w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(682.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dcb ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3f w63 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Asset back<span class=\"_ _1\"></span>ed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9b y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">28.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9c y3c3f w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9d y3c3f w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(28.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9e y3c3f w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9f y3c3f w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 wd2 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6a y3c40 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">145.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa0 y3c40 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa1 y3c40 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa2 y3c40 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa3 y3c40 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w64 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6f y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa79 y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa4 y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa5 y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa6 y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 wd4 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa7 y3c42 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">112.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa8 y3c42 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa9 y3c42 w1b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(112.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xaaa y3c42 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xaab y3c42 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w2ac hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Long-term centr<span class=\"_ _1\"></span>al bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xaac y3c43 w2b5 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,750.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xaad y3c43 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaae y3c43 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2,000.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x827 y3c43 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3c43 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w2ad hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm centr<span class=\"_ _1\"></span>al bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xaaf y3c63 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6b y3c63 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xab0 y3c63 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xab1 y3c63 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xab2 y3c63 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w69 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xab3 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">50.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xab4 y3c4e w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xab5 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">50.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xab6 y3c4e w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x92f y3c4e w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2ae hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa84 y3c4f wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xab7 y3c4f w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xab8 y3c4f w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xab9 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w60 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa89 y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa79 y3c45 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaba y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xabb y3c45 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xabc y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w2af hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Gross debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xabd y3c50 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3,095.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6b y3c50 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xabe y3c50 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2,088.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x1e6 y3c50 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xabf y3c50 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,013.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2b0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xa92 y3c65 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2,994.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xac0 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xac1 y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">468.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xac2 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xac3 y3c65 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2,525.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w2b6 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Net debt / (funds)<span class=\"_ _393\"> </span></div></td><td class=\"c n xac4 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">101.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa67 y3c48 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xac5 y3c48 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1,619.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xac6 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xac7 y3c48 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1,512.2)<span class=\"_ _393\"> </span></div></td></tr></table>Non-cash movements sho<span class=\"_ _1\"></span>wn abov<span class=\"_ _1\"></span>e repr<span class=\"_ _1\"></span>esent:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>EIR adjustments relating t<span class=\"_ _1\"></span>o the spr<span class=\"_ _1\"></span>eading of initial costs o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the facilities concerned<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Inception of<span class=\"_ _1\"></span> new<span class=\"_ _1\"></span> lease assets under<span class=\"_ _1\"></span> IFRS 16<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Hedging fair<span class=\"_ _0\"></span> value adjustments on the corpor<span class=\"_ _1\"></span>ate bond (note 2<span class=\"_ _1\"></span>4)<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company <table class=\"s w266 h114\" id=\"_9275512a-a20a-406f-8592-bdbc6ce87f1d\"><tr><td></td><td></td><td class=\"t m0 xac8 h4e y3dcc ff49 fs4 fc1 sc0 ls0 ws0\">Cash flows<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xac9 h4e y3dcd ff49 fs4 fc1 sc0 ls0 ws0\">Opening </td><td class=\"t m0 xaca h4e y3dcd ff49 fs4 fc1 sc0 ls0 ws0\">Debt </td><td class=\"c n xacb y3dce w2aa hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n xacc y3dce w2b7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Non-cash<span class=\"_ _393\"> </span></div></td><td class=\"t m0 x96d h4e y3dcd ff49 fs4 fc1 sc0 ls0 ws0\">Closing </td></tr><tr><td></td><td class=\"t m0 xacd h4e y3dcf ff49 fs4 fc1 sc0 ls0 ws0\">debt<span class=\"_ _393\"> </span></td><td class=\"t m0 xace h4e y3dcf ff49 fs4 fc1 sc0 ls0 ws0\">issued<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 xacf h4e y3dcf ff49 fs4 fc1 sc0 ls0 ws0\">movements </td><td class=\"t m0 xad0 h4e y3dcf ff49 fs4 fc1 sc0 ls0 ws0\">debt<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"c n xad1 y3dd0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xad2 y3dd0 w81 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xad3 y3dd0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xad4 y3dd0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xad5 y3dd0 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3dd1 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc0 wd2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xad6 y3cc0 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xad7 y3cc0 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xad8 y3cc0 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xad9 y3cc0 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x44e y3cc0 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc1 wd4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xada y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xadb y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xadc y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xadd y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xade y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dd2 w2ae hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xadf y3dd2 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xae0 y3dd2 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xae1 y3dd2 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xae2 y3dd2 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3dd2 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc2 w2af hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Gross debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xae3 y3cc2 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xae4 y3cc2 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xae5 y3cc2 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xae6 y3cc2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x91d y3cc2 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dd3 w2b0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xae7 y3dd3 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(18.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xae8 y3dd3 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xae9 y3dd3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xaea y3dd3 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaeb y3dd3 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(17.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc4 w2b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xaec y3cc4 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xaed y3cc4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaee y3cc4 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xaef y3cc4 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x1ec y3cc4 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3dd4 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc7 wd2 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xad6 y3cc7 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf0 y3cc7 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf1 y3cc7 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf2 y3cc7 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3cc7 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dd5 wd4 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf3 y3dd5 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">112.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf4 y3dd5 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf5 y3dd5 w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(112.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf6 y3dd5 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x446 y3dd5 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dd6 w2ae hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xadf y3dd6 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf7 y3dd6 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf8 y3dd6 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf9 y3dd6 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a1 y3dd6 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cca w2af hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Gross debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xae3 y3cca w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">275.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xafa y3cca w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xafb y3cca w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(113.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xafc y3cca w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x1ec y3cca w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">162.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb w2b0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xae7 y3ccb w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(27.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n xafd y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xafe y3ccb w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xaff y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x50f y3ccb w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(18.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w2b8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Net debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xaec y3ccc w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">247.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xb00 y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb01 y3ccc w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(104.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb02 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3ccc w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">143.7<span class=\"_ _393\"> </span></div></td></tr></table>Non-cash changes shown abo<span class=\"_ _1\"></span>ve r<span class=\"_ _1\"></span>epresent EIR adjustments relating <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>the spreading of<span class=\"_ _1\"></span> initial costs of<span class=\"_ _1\"></span> the bonds.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "32. <span class=\"_ _29\"></span>Cov<span class=\"_ _1\"></span>ered bonds<span class=\"_ _393\"> </span>On 24 F<span class=\"_ _0\"></span>ebruary 2025, Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C established a cov<span class=\"_ _1\"></span>ered bond pr<span class=\"_ _1\"></span>ogramme, regulat<span class=\"_ _1\"></span>ed and appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Financial Conduct Authority (\u2018F<span class=\"_ _0\"></span>CA<span class=\"_ _1\"></span>\u2019). Under<span class=\"_ _1\"></span> this pr<span class=\"_ _1\"></span>ogramme Paragon Bank<span class=\"_ _1\"></span> has the ability<span class=\"_ _1\"></span> to issue a <span class=\"_ _1\"></span>total of<span class=\"_ _1\"></span> up to \u00a35,<span class=\"_ _0\"></span>000.0m of<span class=\"_ _1\"></span> bonds, secured on a pool of mortg<span class=\"_ _1\"></span>age assets, <span class=\"_ _1\"></span>when market conditions ar<span class=\"_ _1\"></span>e acceptable, <span class=\"_ _1\"></span>with a relativ<span class=\"_ _1\"></span>e short prepar<span class=\"_ _1\"></span>ation and lead time. On 11 March 2025, Parag<span class=\"_ _1\"></span>on Bank made its first issue o<span class=\"_ _1\"></span>f bonds under<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>ogramme. <span class=\"_ _1\"></span>The principal amount of<span class=\"_ _1\"></span> bonds issued w<span class=\"_ _1\"></span>as \u00a3500.<span class=\"_ _1\"></span>0m, and the bonds ha<span class=\"_ _1\"></span>ve a due date of<span class=\"_ _1\"></span> 20 March 2028 and bear<span class=\"_ _0\"></span> interest at a rate of<span class=\"_ _1\"></span> 0<span class=\"_ _1\"></span>.6% ov<span class=\"_ _1\"></span>er compounded daily<span class=\"_ _0\"></span> SON<span class=\"_ _2\"></span>IA. The<span class=\"_ _1\"></span>y have been assigned a cr<span class=\"_ _1\"></span>edit rating of<span class=\"_ _0\"></span> Aaa by<span class=\"_ _1\"></span> Moody\u2019<span class=\"_ _0\"></span>s and AAA<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> Fitch.<span class=\"_ _393\"> </span>The amount outstanding in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> these cov<span class=\"_ _1\"></span>ered bonds at 30 Sep<span class=\"_ _1\"></span>tember 2025 <span class=\"_ _1\"></span>was \u00a3499<span class=\"_ _0\"></span>.2m and the gross amount of<span class=\"_ _1\"></span> the co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> pool was \u00a3891.6m.<span class=\"_ _393\"> </span>33. <span class=\"_ _29\"></span>Retail bonds<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s final outstanding issue of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>tail bonds, issued under its Eur<span class=\"_ _1\"></span>o Medium <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>erm Note Pr<span class=\"_ _1\"></span>ogramme, <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>epaid on 28 August<span class=\"_ _1\"></span> 2024. <span class=\"_ _1\"></span>These bonds <span class=\"_ _1\"></span>were list<span class=\"_ _1\"></span>ed on the L<span class=\"_ _1\"></span>ondon Stock Ex<span class=\"_ _1\"></span>change. <span class=\"_ _1\"></span>The principal amount of<span class=\"_ _1\"></span> notes in issue at 30 September<span class=\"_ _0\"></span> 2023 was \u00a3112.5m and they<span class=\"_ _1\"></span> bore inter<span class=\"_ _0\"></span>est at a fixed rate o<span class=\"_ _1\"></span>f 6.<span class=\"_ _1\"></span>0% per annum. The notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e unsubordinated unsecur<span class=\"_ _1\"></span>ed liabilities of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> and the amount included in <span class=\"_ _1\"></span>the accounts of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Company<span class=\"_ _1\"></span> in respect of<span class=\"_ _1\"></span> these bonds at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2023 was \u00a3112.4m. No bonds r<span class=\"_ _1\"></span>emained outstanding at 30 September<span class=\"_ _1\"></span> 2025 or 30 September<span class=\"_ _1\"></span> 2024.<span class=\"_ _393\"> </span>34. <span class=\"_ _33\"></span>Corporate bonds<span class=\"_ _393\"> </span>On 25 March 2021 <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> issued \u00a3150.<span class=\"_ _1\"></span>0m of Fix<span class=\"_ _1\"></span>ed Rate Callable Subor<span class=\"_ _1\"></span>dinated T<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>-2 No<span class=\"_ _1\"></span>tes due 2031 at par<span class=\"_ _0\"></span>. These not<span class=\"_ _1\"></span>es bear interest at<span class=\"_ _1\"></span> a rate of<span class=\"_ _1\"></span> 4.375% per<span class=\"_ _1\"></span> annum until 25 September<span class=\"_ _1\"></span> 2026 after <span class=\"_ _1\"></span>which inter<span class=\"_ _1\"></span>est will be pa<span class=\"_ _1\"></span>yable at a r<span class=\"_ _1\"></span>eset rate <span class=\"_ _1\"></span>which is 3.956% over<span class=\"_ _0\"></span> that payable on UK<span class=\"_ _1\"></span> Government bonds o<span class=\"_ _1\"></span>f similar<span class=\"_ _1\"></span> duration at <span class=\"_ _1\"></span>that time. <span class=\"_ _1\"></span>These not<span class=\"_ _1\"></span>es are callable at <span class=\"_ _1\"></span>the option of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> between 25 <span class=\"_ _1\"></span>June 2026 and 25 September<span class=\"_ _1\"></span> 2026 and may<span class=\"_ _1\"></span> be called at any<span class=\"_ _1\"></span> time in <span class=\"_ _1\"></span>the ev<span class=\"_ _1\"></span>ent of certain <span class=\"_ _1\"></span>tax or<span class=\"_ _1\"></span> regulatory<span class=\"_ _1\"></span> changes. <span class=\"_ _1\"></span>The notes ar<span class=\"_ _1\"></span>e unsecured and subor<span class=\"_ _1\"></span>dinated to all cr<span class=\"_ _1\"></span>editors of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>The notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e originally rated BB+ b<span class=\"_ _1\"></span>y Fit<span class=\"_ _1\"></span>ch and are curr<span class=\"_ _1\"></span>ently rated BBB-, f<span class=\"_ _1\"></span>ollowing an upgrade on 7 Mar<span class=\"_ _1\"></span>ch 2022. T<span class=\"_ _1\"></span>he proceeds of<span class=\"_ _0\"></span> the notes are utilised in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Green Bond F<span class=\"_ _1\"></span>ramew<span class=\"_ _1\"></span>ork, which is a<span class=\"_ _1\"></span>vailable on its inv<span class=\"_ _1\"></span>estor <span class=\"_ _1\"></span>website.<span class=\"_ _393\"> </span>The carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> corporate bonds in <span class=\"_ _1\"></span>the accounts of <span class=\"_ _1\"></span>the Group at 30 Sep<span class=\"_ _1\"></span>tember 2025 <span class=\"_ _1\"></span>was \u00a3150<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>1m (2024: \u00a3149.9m<span class=\"_ _1\"></span>), while <span class=\"_ _1\"></span>the carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the bonds in the accounts o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> at 30 September<span class=\"_ _1\"></span> 2025 w<span class=\"_ _1\"></span>as \u00a3149.8m (2024: \u00a3149<span class=\"_ _0\"></span>.6m), with <span class=\"_ _1\"></span>the differ<span class=\"_ _1\"></span>ence arising as a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging tr<span class=\"_ _1\"></span>eatment described in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-423": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs44c\">33. <span class=\"_ _29\"></span>Retail bonds<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs44d\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s final outstanding issue of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>tail bonds, issued under its Eur<span class=\"_ _1\"></span>o Medium <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>erm Note Pr<span class=\"_ _1\"></span>ogramme, <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>epaid on 28 August<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs44e\">2024. <span class=\"_ _1\"></span>These bonds <span class=\"_ _1\"></span>were list<span class=\"_ _1\"></span>ed on the L<span class=\"_ _1\"></span>ondon Stock Ex<span class=\"_ _1\"></span>change. <span class=\"_ _1\"></span>The principal amount of<span class=\"_ _1\"></span> notes in issue at 30 September<span class=\"_ _0\"></span> 2023 was </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs44f\">\u00a3112.5m and they<span class=\"_ _1\"></span> bore inter<span class=\"_ _0\"></span>est at a fixed rate o<span class=\"_ _1\"></span>f 6.<span class=\"_ _1\"></span>0% per annum. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs450\">The notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e unsubordinated unsecur<span class=\"_ _1\"></span>ed liabilities of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> and the amount included in <span class=\"_ _1\"></span>the accounts of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs451\">Company<span class=\"_ _1\"></span> in respect of<span class=\"_ _1\"></span> these bonds at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2023 was \u00a3112.4m. No bonds r<span class=\"_ _1\"></span>emained outstanding at 30 September<span class=\"_ _1\"></span> 2025 or </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs452\">30 September<span class=\"_ _1\"></span> 2024.<span class=\"_ _393\"> </span></div>",
   "dimensions": {
    "concept": "paragonbankingplc:DisclosureOfRetailBonds",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "33. <span class=\"_ _29\"></span>Retail bonds<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s final outstanding issue of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>tail bonds, issued under its Eur<span class=\"_ _1\"></span>o Medium <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>erm Note Pr<span class=\"_ _1\"></span>ogramme, <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>epaid on 28 August<span class=\"_ _1\"></span> 2024. <span class=\"_ _1\"></span>These bonds <span class=\"_ _1\"></span>were list<span class=\"_ _1\"></span>ed on the L<span class=\"_ _1\"></span>ondon Stock Ex<span class=\"_ _1\"></span>change. <span class=\"_ _1\"></span>The principal amount of<span class=\"_ _1\"></span> notes in issue at 30 September<span class=\"_ _0\"></span> 2023 was \u00a3112.5m and they<span class=\"_ _1\"></span> bore inter<span class=\"_ _0\"></span>est at a fixed rate o<span class=\"_ _1\"></span>f 6.<span class=\"_ _1\"></span>0% per annum. The notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e unsubordinated unsecur<span class=\"_ _1\"></span>ed liabilities of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> and the amount included in <span class=\"_ _1\"></span>the accounts of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Company<span class=\"_ _1\"></span> in respect of<span class=\"_ _1\"></span> these bonds at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2023 was \u00a3112.4m. No bonds r<span class=\"_ _1\"></span>emained outstanding at 30 September<span class=\"_ _1\"></span> 2025 or 30 September<span class=\"_ _1\"></span> 2024.<span class=\"_ _393\"> </span>34. <span class=\"_ _33\"></span>Corporate bonds<span class=\"_ _393\"> </span>On 25 March 2021 <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> issued \u00a3150.<span class=\"_ _1\"></span>0m of Fix<span class=\"_ _1\"></span>ed Rate Callable Subor<span class=\"_ _1\"></span>dinated T<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>-2 No<span class=\"_ _1\"></span>tes due 2031 at par<span class=\"_ _0\"></span>. These not<span class=\"_ _1\"></span>es bear interest at<span class=\"_ _1\"></span> a rate of<span class=\"_ _1\"></span> 4.375% per<span class=\"_ _1\"></span> annum until 25 September<span class=\"_ _1\"></span> 2026 after <span class=\"_ _1\"></span>which inter<span class=\"_ _1\"></span>est will be pa<span class=\"_ _1\"></span>yable at a r<span class=\"_ _1\"></span>eset rate <span class=\"_ _1\"></span>which is 3.956% over<span class=\"_ _0\"></span> that payable on UK<span class=\"_ _1\"></span> Government bonds o<span class=\"_ _1\"></span>f similar<span class=\"_ _1\"></span> duration at <span class=\"_ _1\"></span>that time. <span class=\"_ _1\"></span>These not<span class=\"_ _1\"></span>es are callable at <span class=\"_ _1\"></span>the option of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> between 25 <span class=\"_ _1\"></span>June 2026 and 25 September<span class=\"_ _1\"></span> 2026 and may<span class=\"_ _1\"></span> be called at any<span class=\"_ _1\"></span> time in <span class=\"_ _1\"></span>the ev<span class=\"_ _1\"></span>ent of certain <span class=\"_ _1\"></span>tax or<span class=\"_ _1\"></span> regulatory<span class=\"_ _1\"></span> changes. <span class=\"_ _1\"></span>The notes ar<span class=\"_ _1\"></span>e unsecured and subor<span class=\"_ _1\"></span>dinated to all cr<span class=\"_ _1\"></span>editors of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>The notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e originally rated BB+ b<span class=\"_ _1\"></span>y Fit<span class=\"_ _1\"></span>ch and are curr<span class=\"_ _1\"></span>ently rated BBB-, f<span class=\"_ _1\"></span>ollowing an upgrade on 7 Mar<span class=\"_ _1\"></span>ch 2022. T<span class=\"_ _1\"></span>he proceeds of<span class=\"_ _0\"></span> the notes are utilised in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Green Bond F<span class=\"_ _1\"></span>ramew<span class=\"_ _1\"></span>ork, which is a<span class=\"_ _1\"></span>vailable on its inv<span class=\"_ _1\"></span>estor <span class=\"_ _1\"></span>website.<span class=\"_ _393\"> </span>The carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> corporate bonds in <span class=\"_ _1\"></span>the accounts of <span class=\"_ _1\"></span>the Group at 30 Sep<span class=\"_ _1\"></span>tember 2025 <span class=\"_ _1\"></span>was \u00a3150<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>1m (2024: \u00a3149.9m<span class=\"_ _1\"></span>), while <span class=\"_ _1\"></span>the carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the bonds in the accounts o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> at 30 September<span class=\"_ _1\"></span> 2025 w<span class=\"_ _1\"></span>as \u00a3149.8m (2024: \u00a3149<span class=\"_ _0\"></span>.6m), with <span class=\"_ _1\"></span>the differ<span class=\"_ _1\"></span>ence arising as a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging tr<span class=\"_ _1\"></span>eatment described in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSubordinatedLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-424": {
   "value": "34. <span class=\"_ _33\"></span>Corporate bonds<span class=\"_ _393\"> </span>On 25 March 2021 <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> issued \u00a3150.<span class=\"_ _1\"></span>0m of Fix<span class=\"_ _1\"></span>ed Rate Callable Subor<span class=\"_ _1\"></span>dinated T<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>-2 No<span class=\"_ _1\"></span>tes due 2031 at par<span class=\"_ _0\"></span>. These not<span class=\"_ _1\"></span>es bear interest at<span class=\"_ _1\"></span> a rate of<span class=\"_ _1\"></span> 4.375% per<span class=\"_ _1\"></span> annum until 25 September<span class=\"_ _1\"></span> 2026 after <span class=\"_ _1\"></span>which inter<span class=\"_ _1\"></span>est will be pa<span class=\"_ _1\"></span>yable at a r<span class=\"_ _1\"></span>eset rate <span class=\"_ _1\"></span>which is 3.956% over<span class=\"_ _0\"></span> that payable on UK<span class=\"_ _1\"></span> Government bonds o<span class=\"_ _1\"></span>f similar<span class=\"_ _1\"></span> duration at <span class=\"_ _1\"></span>that time. <span class=\"_ _1\"></span>These not<span class=\"_ _1\"></span>es are callable at <span class=\"_ _1\"></span>the option of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> between 25 <span class=\"_ _1\"></span>June 2026 and 25 September<span class=\"_ _1\"></span> 2026 and may<span class=\"_ _1\"></span> be called at any<span class=\"_ _1\"></span> time in <span class=\"_ _1\"></span>the ev<span class=\"_ _1\"></span>ent of certain <span class=\"_ _1\"></span>tax or<span class=\"_ _1\"></span> regulatory<span class=\"_ _1\"></span> changes. <span class=\"_ _1\"></span>The notes ar<span class=\"_ _1\"></span>e unsecured and subor<span class=\"_ _1\"></span>dinated to all cr<span class=\"_ _1\"></span>editors of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>The notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e originally rated BB+ b<span class=\"_ _1\"></span>y Fit<span class=\"_ _1\"></span>ch and are curr<span class=\"_ _1\"></span>ently rated BBB-, f<span class=\"_ _1\"></span>ollowing an upgrade on 7 Mar<span class=\"_ _1\"></span>ch 2022. T<span class=\"_ _1\"></span>he proceeds of<span class=\"_ _0\"></span> the notes are utilised in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Green Bond F<span class=\"_ _1\"></span>ramew<span class=\"_ _1\"></span>ork, which is a<span class=\"_ _1\"></span>vailable on its inv<span class=\"_ _1\"></span>estor <span class=\"_ _1\"></span>website.<span class=\"_ _393\"> </span>The carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> corporate bonds in <span class=\"_ _1\"></span>the accounts of <span class=\"_ _1\"></span>the Group at 30 Sep<span class=\"_ _1\"></span>tember 2025 <span class=\"_ _1\"></span>was \u00a3150<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>1m (2024: \u00a3149.9m<span class=\"_ _1\"></span>), while <span class=\"_ _1\"></span>the carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the bonds in the accounts o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> at 30 September<span class=\"_ _1\"></span> 2025 w<span class=\"_ _1\"></span>as \u00a3149.8m (2024: \u00a3149<span class=\"_ _0\"></span>.6m), with <span class=\"_ _1\"></span>the differ<span class=\"_ _1\"></span>ence arising as a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedging tr<span class=\"_ _1\"></span>eatment described in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "paragonbankingplc:DisclosureOfCorporateBonds",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-425": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws6a gs454\">35. <span class=\"_ _29\"></span>Central bank facilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs455\">During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the Group has utilised <span class=\"_ _1\"></span>facilities pr<span class=\"_ _1\"></span>ovided by<span class=\"_ _1\"></span> the Bank<span class=\"_ _1\"></span> of England <span class=\"_ _1\"></span>through its S<span class=\"_ _1\"></span>terling Monetary F<span class=\"_ _0\"></span>ramework. <span class=\"_ _1\"></span>These </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs456\">facilities enable either <span class=\"_ _1\"></span>funding or o<span class=\"_ _1\"></span>ff balance sheet<span class=\"_ _1\"></span> liquidity <span class=\"_ _1\"></span>to be pro<span class=\"_ _1\"></span>vided to Par<span class=\"_ _1\"></span>agon Bank PL<span class=\"_ _0\"></span>C on the security of<span class=\"_ _1\"></span> eligible collateral, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs457\">currently<span class=\"_ _1\"></span> in the <span class=\"_ _1\"></span>form of<span class=\"_ _1\"></span> designated pools of<span class=\"_ _1\"></span> first mortg<span class=\"_ _1\"></span>age assets and / or<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>etained notes described in note 60<span class=\"_ _1\"></span>, with <span class=\"_ _1\"></span>the amount </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs458\">available based on <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the security<span class=\"_ _1\"></span> given, subject, <span class=\"_ _1\"></span>where appr<span class=\"_ _1\"></span>opriate, to a hair<span class=\"_ _1\"></span>cut.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs459\">Drawings under<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>erm F<span class=\"_ _0\"></span>unding Scheme for SMEs (\u2018TFSME\u2019) hav<span class=\"_ _1\"></span>e a maturity of<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>our <span class=\"_ _1\"></span>years and bear<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est at Bank Base Rate </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs45a\">(\u2018BBR\u2019). As <span class=\"_ _1\"></span>these drawings <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>vided at rates below<span class=\"_ _1\"></span> those a<span class=\"_ _1\"></span>vailable commer<span class=\"_ _1\"></span>cially<span class=\"_ _1\"></span>, by<span class=\"_ _1\"></span> a go<span class=\"_ _1\"></span>vernment agenc<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, the<span class=\"_ _1\"></span>y ar<span class=\"_ _0\"></span>e accounted </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs45b\">for<span class=\"_ _1\"></span> under IA<span class=\"_ _1\"></span>S 20.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs45c\">Drawings under<span class=\"_ _1\"></span> the Index<span class=\"_ _1\"></span>ed Long<span class=\"_ _1\"></span>-<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>erm Repo Scheme (\u2018IL<span class=\"_ _e\"></span>TR\u2019) have a maturity<span class=\"_ _1\"></span> of six months and a r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> interest se<span class=\"_ _1\"></span>t in an auction </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs45d\">process. <span class=\"_ _1\"></span>At<span class=\"_ _1\"></span> 30 September 2025, <span class=\"_ _1\"></span>the av<span class=\"_ _1\"></span>erage rate o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est on <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s IL<span class=\"_ _0\"></span>TR drawings <span class=\"_ _1\"></span>was 0<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>15% above BBR (2024: 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>15%). T<span class=\"_ _1\"></span>he </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs45e\">Group mak<span class=\"_ _1\"></span>es drawings under<span class=\"_ _1\"></span> the IL<span class=\"_ _e\"></span>TR programme <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>time to <span class=\"_ _1\"></span>time for<span class=\"_ _1\"></span> liquidity<span class=\"_ _1\"></span> purposes.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs45f\">The amounts drawn under<span class=\"_ _1\"></span> these <span class=\"_ _1\"></span>facilities are se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs460\"><table class=\"s wd8 hf6\" id=\"_4a7046b8-7eb2-47a1-9e82-93c969a221fc\"><tr><td></td><td class=\"c n x36b y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w244 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">TFSME<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e0 y3c50 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">250.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w245 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">IL<span class=\"_ _0\"></span>TR<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">700.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w246 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal centr<span class=\"_ _1\"></span>al bank facilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">950.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">755.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs461\">\u00a3244.8m of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s TFSME drawing f<span class=\"_ _1\"></span>ell due on 21 October<span class=\"_ _1\"></span> 2025, after <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear end, <span class=\"_ _1\"></span>when it w<span class=\"_ _1\"></span>as repaid. <span class=\"_ _0\"></span>The remaining \u00a35.2m falls </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs462\">due on 31 March 2027<span class=\"_ _e\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs463\">F<span class=\"_ _1\"></span>urther <span class=\"_ _1\"></span>first mortgag<span class=\"_ _1\"></span>e assets of P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C have been pr<span class=\"_ _1\"></span>e-positioned with the Bank<span class=\"_ _1\"></span> of England <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e use in such </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs464\">schemes and eligible retained no<span class=\"_ _1\"></span>tes can also be used to support <span class=\"_ _1\"></span>this funding (<span class=\"_ _1\"></span>note 60). <span class=\"_ _1\"></span>The mortgag<span class=\"_ _1\"></span>e assets pledged in support of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs465\">these drawings ar<span class=\"_ _1\"></span>e set out in note 16.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs466\">The balances arising fr<span class=\"_ _1\"></span>om the <span class=\"_ _1\"></span>TFSME carried in the Gr<span class=\"_ _1\"></span>oup accounts are sho<span class=\"_ _1\"></span>wn below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs467\"><table class=\"s wd8 hf6\" id=\"_373f5b51-aeb9-41ac-9794-ba1ab4ff61e6\"><tr><td></td><td class=\"c n x36b y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w247 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">TFSME at IAS 20 carrying v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">249.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">745.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w248 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred gov<span class=\"_ _1\"></span>ernment assistance<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">250.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGovernmentGrantsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "35. <span class=\"_ _29\"></span>Central bank facilities<span class=\"_ _393\"> </span>During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the Group has utilised <span class=\"_ _1\"></span>facilities pr<span class=\"_ _1\"></span>ovided by<span class=\"_ _1\"></span> the Bank<span class=\"_ _1\"></span> of England <span class=\"_ _1\"></span>through its S<span class=\"_ _1\"></span>terling Monetary F<span class=\"_ _0\"></span>ramework. <span class=\"_ _1\"></span>These facilities enable either <span class=\"_ _1\"></span>funding or o<span class=\"_ _1\"></span>ff balance sheet<span class=\"_ _1\"></span> liquidity <span class=\"_ _1\"></span>to be pro<span class=\"_ _1\"></span>vided to Par<span class=\"_ _1\"></span>agon Bank PL<span class=\"_ _0\"></span>C on the security of<span class=\"_ _1\"></span> eligible collateral, currently<span class=\"_ _1\"></span> in the <span class=\"_ _1\"></span>form of<span class=\"_ _1\"></span> designated pools of<span class=\"_ _1\"></span> first mortg<span class=\"_ _1\"></span>age assets and / or<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>etained notes described in note 60<span class=\"_ _1\"></span>, with <span class=\"_ _1\"></span>the amount available based on <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the security<span class=\"_ _1\"></span> given, subject, <span class=\"_ _1\"></span>where appr<span class=\"_ _1\"></span>opriate, to a hair<span class=\"_ _1\"></span>cut.<span class=\"_ _393\"> </span>Drawings under<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>erm F<span class=\"_ _0\"></span>unding Scheme for SMEs (\u2018TFSME\u2019) hav<span class=\"_ _1\"></span>e a maturity of<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>our <span class=\"_ _1\"></span>years and bear<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est at Bank Base Rate (\u2018BBR\u2019). As <span class=\"_ _1\"></span>these drawings <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>vided at rates below<span class=\"_ _1\"></span> those a<span class=\"_ _1\"></span>vailable commer<span class=\"_ _1\"></span>cially<span class=\"_ _1\"></span>, by<span class=\"_ _1\"></span> a go<span class=\"_ _1\"></span>vernment agenc<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, the<span class=\"_ _1\"></span>y ar<span class=\"_ _0\"></span>e accounted for<span class=\"_ _1\"></span> under IA<span class=\"_ _1\"></span>S 20.<span class=\"_ _393\"> </span>Drawings under<span class=\"_ _1\"></span> the Index<span class=\"_ _1\"></span>ed Long<span class=\"_ _1\"></span>-<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>erm Repo Scheme (\u2018IL<span class=\"_ _e\"></span>TR\u2019) have a maturity<span class=\"_ _1\"></span> of six months and a r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> interest se<span class=\"_ _1\"></span>t in an auction process. <span class=\"_ _1\"></span>At<span class=\"_ _1\"></span> 30 September 2025, <span class=\"_ _1\"></span>the av<span class=\"_ _1\"></span>erage rate o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est on <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s IL<span class=\"_ _0\"></span>TR drawings <span class=\"_ _1\"></span>was 0<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>15% above BBR (2024: 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>15%). T<span class=\"_ _1\"></span>he Group mak<span class=\"_ _1\"></span>es drawings under<span class=\"_ _1\"></span> the IL<span class=\"_ _e\"></span>TR programme <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>time to <span class=\"_ _1\"></span>time for<span class=\"_ _1\"></span> liquidity<span class=\"_ _1\"></span> purposes.<span class=\"_ _393\"> </span>The amounts drawn under<span class=\"_ _1\"></span> these <span class=\"_ _1\"></span>facilities are se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s wd8 hf6\" id=\"_4a7046b8-7eb2-47a1-9e82-93c969a221fc\"><tr><td></td><td class=\"c n x36b y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w244 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">TFSME<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e0 y3c50 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">250.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w245 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">IL<span class=\"_ _0\"></span>TR<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">700.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w246 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal centr<span class=\"_ _1\"></span>al bank facilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">950.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">755.0<span class=\"_ _393\"> </span></div></td></tr></table>\u00a3244.8m of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s TFSME drawing f<span class=\"_ _1\"></span>ell due on 21 October<span class=\"_ _1\"></span> 2025, after <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear end, <span class=\"_ _1\"></span>when it w<span class=\"_ _1\"></span>as repaid. <span class=\"_ _0\"></span>The remaining \u00a35.2m falls due on 31 March 2027<span class=\"_ _e\"></span>. F<span class=\"_ _1\"></span>urther <span class=\"_ _1\"></span>first mortgag<span class=\"_ _1\"></span>e assets of P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C have been pr<span class=\"_ _1\"></span>e-positioned with the Bank<span class=\"_ _1\"></span> of England <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e use in such schemes and eligible retained no<span class=\"_ _1\"></span>tes can also be used to support <span class=\"_ _1\"></span>this funding (<span class=\"_ _1\"></span>note 60). <span class=\"_ _1\"></span>The mortgag<span class=\"_ _1\"></span>e assets pledged in support of<span class=\"_ _1\"></span> these drawings ar<span class=\"_ _1\"></span>e set out in note 16.<span class=\"_ _393\"> </span>The balances arising fr<span class=\"_ _1\"></span>om the <span class=\"_ _1\"></span>TFSME carried in the Gr<span class=\"_ _1\"></span>oup accounts are sho<span class=\"_ _1\"></span>wn below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s wd8 hf6\" id=\"_373f5b51-aeb9-41ac-9794-ba1ab4ff61e6\"><tr><td></td><td class=\"c n x36b y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w247 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">TFSME at IAS 20 carrying v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">249.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">745.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w248 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred gov<span class=\"_ _1\"></span>ernment assistance<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">250.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "paragonbankingplc:DisclosureOfCentralBankFacilities",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "36. <span class=\"_ _33\"></span>Sale and repurchase agreements<span class=\"_ _393\"> </span>F<span class=\"_ _1\"></span>rom <span class=\"_ _1\"></span>time to <span class=\"_ _1\"></span>time the Gr<span class=\"_ _1\"></span>oup enters into short-<span class=\"_ _1\"></span>term sale and repur<span class=\"_ _1\"></span>chase agreements <span class=\"_ _1\"></span>with highly<span class=\"_ _1\"></span> rated UK banks as part o<span class=\"_ _1\"></span>f its liquidity<span class=\"_ _1\"></span> management operations.<span class=\"_ _393\"> </span>At 30 Sept<span class=\"_ _1\"></span>ember 2025, \u00a3100<span class=\"_ _1\"></span>.0m <span class=\"_ _1\"></span>was outstanding under<span class=\"_ _1\"></span> such arrangements (2024: \u00a3100<span class=\"_ _0\"></span>.0m). <span class=\"_ _1\"></span>The aver<span class=\"_ _1\"></span>age t<span class=\"_ _1\"></span>erm of <span class=\"_ _1\"></span>the agreements was 3 months (2024: 3 months<span class=\"_ _1\"></span>) and the av<span class=\"_ _1\"></span>erage r<span class=\"_ _1\"></span>emaining t<span class=\"_ _1\"></span>erm 1 month (2024: 1 month). <span class=\"_ _1\"></span>The av<span class=\"_ _1\"></span>erage inter<span class=\"_ _1\"></span>est rate pa<span class=\"_ _1\"></span>yable <span class=\"_ _1\"></span>was 0<span class=\"_ _1\"></span>.47% (2024: 0.44%) abo<span class=\"_ _1\"></span>ve compounded SONIA.<span class=\"_ _393\"> </span>The securities subject t<span class=\"_ _1\"></span>o the sale and r<span class=\"_ _1\"></span>epurchase agr<span class=\"_ _1\"></span>eement w<span class=\"_ _1\"></span>ere certain of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s retained asset back<span class=\"_ _1\"></span>ed loan notes, described in note 60<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2020, <span class=\"_ _1\"></span>the Group enter<span class=\"_ _1\"></span>ed into a back<span class=\"_ _1\"></span>-to-back<span class=\"_ _1\"></span> long / short sale and repur<span class=\"_ _1\"></span>chase (\u2018repo<span class=\"_ _0\"></span>\u2019) transaction with a UK<span class=\"_ _1\"></span> bank which continued <span class=\"_ _1\"></span>throughout<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. This pro<span class=\"_ _1\"></span>vides \u00a3150.<span class=\"_ _1\"></span>0m of<span class=\"_ _1\"></span> liquidity (2024: \u00a3150<span class=\"_ _0\"></span>.0m), utilising \u00a326.5m of <span class=\"_ _1\"></span>the loan notes sho<span class=\"_ _1\"></span>wn above (2024: \u00a326.5m<span class=\"_ _1\"></span>), but does not appear<span class=\"_ _0\"></span> on the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s balance sheet.<span class=\"_ _393\"> </span>The Group also r<span class=\"_ _1\"></span>egularly<span class=\"_ _1\"></span> enters into short-t<span class=\"_ _1\"></span>erm repo <span class=\"_ _1\"></span>transactions and maintains the capability<span class=\"_ _1\"></span> to access <span class=\"_ _1\"></span>the repo mark<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>with a range of count<span class=\"_ _1\"></span>erparties for<span class=\"_ _1\"></span> liquidity purposes, as r<span class=\"_ _0\"></span>equired. T<span class=\"_ _e\"></span>ransactions in place at 30 September 2025 (<span class=\"_ _1\"></span>note 36) utilised \u00a3110.4m o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the loan notes shown abo<span class=\"_ _1\"></span>ve (2024: \u00a3111.0m).<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-366": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs469\">37<span class=\"_ _0\"></span>. <span class=\"_ _8\"> </span>Sundry liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs46a\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s w249 h10c\" id=\"_fa487c58-dd66-4736-9967-1f9e646db621\"><tr><td></td><td></td><td class=\"c n x85d y3c35 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c36 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d98 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cdd w24a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x45e y3cdd w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">191.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">156.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w24b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade creditor<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x925 y3c38 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w24c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x927 y3c39 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x928 y3c39 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x929 y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">103.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">383.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w24d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c3a w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x92a y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x92b y3c3a w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w24e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92c y3c5d w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92d y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">394.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x92e y3c5e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">361.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x92f y3c5e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">577.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c3c w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c3c w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w252 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other tax<span class=\"_ _1\"></span>ation and social security<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x932 y3c3e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x933 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x934 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4cb y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">403.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x935 y3c60 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">372.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x936 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">589.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d99 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x937 y3c41 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x938 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8cf y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x939 y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x93c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x93d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x93e y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w253 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry financial liabilities at amortised cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93f y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x841 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">608.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w254 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal other sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x347 y3c65 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x940 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x941 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w255 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x942 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">431.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x943 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">417.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x944 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">631.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs46b\">CSA<span class=\"_ _1\"></span> liabilities repr<span class=\"_ _1\"></span>esent collateral r<span class=\"_ _1\"></span>eceived in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>ap agreements and ar<span class=\"_ _1\"></span>e described further<span class=\"_ _1\"></span> in notes 24 and 59<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs46c\">Other accruals r<span class=\"_ _1\"></span>elate principally<span class=\"_ _1\"></span> to operating cost<span class=\"_ _1\"></span> accruals, including annual bonus schemes.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs46d\">(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span></div><div class=\"gs46e\"><table class=\"s w256 he8\" id=\"_77c89a2e-e3d8-4a3c-9c25-16a7c7d63fee\"><tr><td></td><td></td><td class=\"c n x85d y3c3e w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c3f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9a ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w257 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to Gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x945 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x946 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x947 y3c42 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x948 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f3 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w24d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x949 y3c43 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x94a y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x94b y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x94c y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x94d y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x94e y3c44 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd2 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3cd2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c4f w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9b ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c47 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c47 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x94f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w259 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x470 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">36.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">61.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.4</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "37<span class=\"_ _0\"></span>. <span class=\"_ _8\"> </span>Sundry liabilities<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w249 h10c\" id=\"_fa487c58-dd66-4736-9967-1f9e646db621\"><tr><td></td><td></td><td class=\"c n x85d y3c35 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c36 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d98 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cdd w24a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x45e y3cdd w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">191.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">156.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w24b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade creditor<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x925 y3c38 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w24c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x927 y3c39 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x928 y3c39 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x929 y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">103.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">383.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w24d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c3a w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x92a y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x92b y3c3a w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w24e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92c y3c5d w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92d y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">394.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x92e y3c5e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">361.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x92f y3c5e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">577.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c3c w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c3c w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w252 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other tax<span class=\"_ _1\"></span>ation and social security<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x932 y3c3e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x933 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x934 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4cb y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">403.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x935 y3c60 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">372.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x936 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">589.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d99 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x937 y3c41 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x938 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8cf y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x939 y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x93c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x93d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x93e y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w253 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry financial liabilities at amortised cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93f y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x841 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">608.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w254 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal other sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x347 y3c65 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x940 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x941 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w255 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x942 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">431.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x943 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">417.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x944 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">631.2<span class=\"_ _393\"> </span></div></td></tr></table>CSA<span class=\"_ _1\"></span> liabilities repr<span class=\"_ _1\"></span>esent collateral r<span class=\"_ _1\"></span>eceived in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>ap agreements and ar<span class=\"_ _1\"></span>e described further<span class=\"_ _1\"></span> in notes 24 and 59<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Other accruals r<span class=\"_ _1\"></span>elate principally<span class=\"_ _1\"></span> to operating cost<span class=\"_ _1\"></span> accruals, including annual bonus schemes.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span><table class=\"s w256 he8\" id=\"_77c89a2e-e3d8-4a3c-9c25-16a7c7d63fee\"><tr><td></td><td></td><td class=\"c n x85d y3c3e w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c3f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9a ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w257 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to Gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x945 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x946 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x947 y3c42 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x948 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f3 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w24d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x949 y3c43 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x94a y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x94b y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x94c y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x94d y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x94e y3c44 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd2 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3cd2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c4f w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9b ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c47 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c47 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x94f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w259 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x470 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">36.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">61.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.4</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "37<span class=\"_ _0\"></span>. <span class=\"_ _8\"> </span>Sundry liabilities<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w249 h10c\" id=\"_fa487c58-dd66-4736-9967-1f9e646db621\"><tr><td></td><td></td><td class=\"c n x85d y3c35 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c36 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d98 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cdd w24a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x45e y3cdd w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">191.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">156.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w24b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade creditor<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x925 y3c38 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w24c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x927 y3c39 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x928 y3c39 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x929 y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">103.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">383.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w24d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c3a w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x92a y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x92b y3c3a w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w24e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92c y3c5d w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92d y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">394.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x92e y3c5e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">361.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x92f y3c5e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">577.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c3c w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c3c w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w252 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other tax<span class=\"_ _1\"></span>ation and social security<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x932 y3c3e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x933 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x934 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4cb y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">403.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x935 y3c60 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">372.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x936 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">589.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d99 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x937 y3c41 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x938 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8cf y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x939 y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x93c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x93d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x93e y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w253 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry financial liabilities at amortised cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93f y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x841 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">608.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w254 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal other sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x347 y3c65 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x940 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x941 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w255 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x942 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">431.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x943 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">417.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x944 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">631.2<span class=\"_ _393\"> </span></div></td></tr></table>CSA<span class=\"_ _1\"></span> liabilities repr<span class=\"_ _1\"></span>esent collateral r<span class=\"_ _1\"></span>eceived in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>ap agreements and ar<span class=\"_ _1\"></span>e described further<span class=\"_ _1\"></span> in notes 24 and 59<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Other accruals r<span class=\"_ _1\"></span>elate principally<span class=\"_ _1\"></span> to operating cost<span class=\"_ _1\"></span> accruals, including annual bonus schemes.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span><table class=\"s w256 he8\" id=\"_77c89a2e-e3d8-4a3c-9c25-16a7c7d63fee\"><tr><td></td><td></td><td class=\"c n x85d y3c3e w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c3f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9a ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w257 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to Gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x945 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x946 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x947 y3c42 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x948 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f3 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w24d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x949 y3c43 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x94a y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x94b y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x94c y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x94d y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x94e y3c44 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd2 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3cd2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c4f w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9b ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c47 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c47 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x94f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w259 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x470 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">36.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">61.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.4</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "37<span class=\"_ _0\"></span>. <span class=\"_ _8\"> </span>Sundry liabilities<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w249 h10c\" id=\"_fa487c58-dd66-4736-9967-1f9e646db621\"><tr><td></td><td></td><td class=\"c n x85d y3c35 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c36 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d98 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cdd w24a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x45e y3cdd w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">191.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">156.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w24b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade creditor<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x925 y3c38 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w24c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x927 y3c39 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x928 y3c39 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x929 y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">103.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">383.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w24d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c3a w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x92a y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x92b y3c3a w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w24e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92c y3c5d w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92d y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">394.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x92e y3c5e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">361.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x92f y3c5e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">577.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c3c w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c3c w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w252 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other tax<span class=\"_ _1\"></span>ation and social security<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x932 y3c3e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x933 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x934 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4cb y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">403.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x935 y3c60 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">372.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x936 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">589.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d99 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x937 y3c41 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x938 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8cf y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x939 y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x93c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x93d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x93e y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w253 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry financial liabilities at amortised cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93f y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x841 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">608.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w254 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal other sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x347 y3c65 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x940 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x941 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w255 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x942 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">431.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x943 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">417.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x944 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">631.2<span class=\"_ _393\"> </span></div></td></tr></table>CSA<span class=\"_ _1\"></span> liabilities repr<span class=\"_ _1\"></span>esent collateral r<span class=\"_ _1\"></span>eceived in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>ap agreements and ar<span class=\"_ _1\"></span>e described further<span class=\"_ _1\"></span> in notes 24 and 59<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Other accruals r<span class=\"_ _1\"></span>elate principally<span class=\"_ _1\"></span> to operating cost<span class=\"_ _1\"></span> accruals, including annual bonus schemes.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span><table class=\"s w256 he8\" id=\"_77c89a2e-e3d8-4a3c-9c25-16a7c7d63fee\"><tr><td></td><td></td><td class=\"c n x85d y3c3e w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c3f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9a ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w257 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to Gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x945 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x946 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x947 y3c42 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x948 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f3 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w24d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x949 y3c43 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x94a y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x94b y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x94c y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x94d y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x94e y3c44 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd2 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3cd2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c4f w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9b ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c47 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c47 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x94f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w259 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x470 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">36.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">61.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.4</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "37<span class=\"_ _0\"></span>. <span class=\"_ _8\"> </span>Sundry liabilities<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w249 h10c\" id=\"_fa487c58-dd66-4736-9967-1f9e646db621\"><tr><td></td><td></td><td class=\"c n x85d y3c35 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c36 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d98 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cdd w24a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x45e y3cdd w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">191.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">156.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w24b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade creditor<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x925 y3c38 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w24c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x927 y3c39 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x928 y3c39 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x929 y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">103.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">383.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w24d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c3a w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x92a y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x92b y3c3a w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w24e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92c y3c5d w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92d y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">394.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x92e y3c5e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">361.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x92f y3c5e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">577.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c3c w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c3c w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w252 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other tax<span class=\"_ _1\"></span>ation and social security<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x932 y3c3e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x933 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x934 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4cb y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">403.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x935 y3c60 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">372.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x936 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">589.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d99 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x937 y3c41 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x938 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8cf y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x939 y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x93c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x93d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x93e y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w253 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry financial liabilities at amortised cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93f y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x841 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">608.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w254 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal other sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x347 y3c65 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x940 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x941 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w255 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x942 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">431.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x943 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">417.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x944 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">631.2<span class=\"_ _393\"> </span></div></td></tr></table>CSA<span class=\"_ _1\"></span> liabilities repr<span class=\"_ _1\"></span>esent collateral r<span class=\"_ _1\"></span>eceived in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>ap agreements and ar<span class=\"_ _1\"></span>e described further<span class=\"_ _1\"></span> in notes 24 and 59<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Other accruals r<span class=\"_ _1\"></span>elate principally<span class=\"_ _1\"></span> to operating cost<span class=\"_ _1\"></span> accruals, including annual bonus schemes.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span><table class=\"s w256 he8\" id=\"_77c89a2e-e3d8-4a3c-9c25-16a7c7d63fee\"><tr><td></td><td></td><td class=\"c n x85d y3c3e w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c3f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9a ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w257 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to Gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x945 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x946 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x947 y3c42 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x948 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f3 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w24d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x949 y3c43 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x94a y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x94b y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x94c y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x94d y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x94e y3c44 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd2 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3cd2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c4f w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9b ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c47 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c47 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x94f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w259 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x470 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">36.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">61.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.4</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-426": {
   "value": "37<span class=\"_ _0\"></span>. <span class=\"_ _8\"> </span>Sundry liabilities<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w249 h10c\" id=\"_fa487c58-dd66-4736-9967-1f9e646db621\"><tr><td></td><td></td><td class=\"c n x85d y3c35 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c36 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c36 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d98 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cdd w24a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x45e y3cdd w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">191.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3cdd w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">156.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w24b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade creditor<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x925 y3c38 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3c38 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w24c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x927 y3c39 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x928 y3c39 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x929 y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">103.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x44c y3c39 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">383.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w24d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f3 y3c3a w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x92a y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x92b y3c3a w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3c3a w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w24e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92c y3c5d w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x207 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c5d w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x92d y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">394.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x92e y3c5e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">361.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x92f y3c5e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">577.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c3c w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c3c w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w252 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other tax<span class=\"_ _1\"></span>ation and social security<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x932 y3c3e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x933 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x934 y3c3e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4cb y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">403.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x935 y3c60 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">372.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x936 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">589.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d99 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x937 y3c41 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x8aa y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43c y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other accruals<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x938 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8cf y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x939 y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x93c y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x93d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x93e y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w251 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred income<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x8fd y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fb y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x931 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w253 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry financial liabilities at amortised cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93f y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x841 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x842 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">608.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w254 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal other sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x347 y3c65 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x940 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x941 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w255 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x942 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">431.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x943 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">417.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x944 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">631.2<span class=\"_ _393\"> </span></div></td></tr></table>CSA<span class=\"_ _1\"></span> liabilities repr<span class=\"_ _1\"></span>esent collateral r<span class=\"_ _1\"></span>eceived in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate sw<span class=\"_ _1\"></span>ap agreements and ar<span class=\"_ _1\"></span>e described further<span class=\"_ _1\"></span> in notes 24 and 59<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Other accruals r<span class=\"_ _1\"></span>elate principally<span class=\"_ _1\"></span> to operating cost<span class=\"_ _1\"></span> accruals, including annual bonus schemes.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span><table class=\"s w256 he8\" id=\"_77c89a2e-e3d8-4a3c-9c25-16a7c7d63fee\"><tr><td></td><td></td><td class=\"c n x85d y3c3e w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x895 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x896 y3c3e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x37a y3c3f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c3f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9a ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due within one y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w257 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to Gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x945 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x946 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w24a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x947 y3c42 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x948 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f3 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w24d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares<span class=\"_ _393\"> </span></div></td><td class=\"c n x949 y3c43 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">43<span class=\"_ _393\"> </span></div></td><td class=\"c n x94a y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x94b y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x94c y3c43 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x94d y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x94e y3c44 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd2 w24f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial liabilities at amortised cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x93a y3cd2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">49.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3cd2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c4f w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x472 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x473 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x474 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3d9b ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due a<span class=\"_ _1\"></span>fter more than one year<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c47 w250 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease pay<span class=\"_ _1\"></span>ables<span class=\"_ _393\"> </span></div></td><td class=\"c n x930 y3c47 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">38<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x94f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w259 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal sundry liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x470 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">36.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">61.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.4</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws6a gs473\">39<span class=\"_ _1\"></span>. <span class=\"_ _2de\"></span>Pro<span class=\"_ _1\"></span>visions for<span class=\"_ _1\"></span> liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs474\">Pro<span class=\"_ _1\"></span>visions are r<span class=\"_ _1\"></span>ecognised for<span class=\"_ _0\"></span> present obligations arising as a consequence of<span class=\"_ _1\"></span> past ev<span class=\"_ _1\"></span>ents wher<span class=\"_ _1\"></span>e it is considered mor<span class=\"_ _1\"></span>e probable <span class=\"_ _1\"></span>than </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs475\">not that<span class=\"_ _1\"></span> a liability <span class=\"_ _1\"></span>will arise, wher<span class=\"_ _1\"></span>e the liability<span class=\"_ _1\"></span> can be reliably<span class=\"_ _1\"></span> estimated. <span class=\"_ _1\"></span>Where <span class=\"_ _1\"></span>these conditions are not<span class=\"_ _1\"></span> met, but ther<span class=\"_ _1\"></span>e is still the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs476\">potential f<span class=\"_ _1\"></span>or a material liability<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o arise, this is disclosed as a contingent liability<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs477\">The pro<span class=\"_ _1\"></span>visions carried in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s accounts at 30 September 2025 ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w:<span class=\"_ _393\"> </span></div><div class=\"gs478\"><table class=\"s w261 hd6\" id=\"_c5ce2d51-0683-47f1-a532-d096126ba520\"><tr><td></td><td class=\"c n x965 y3c4e w262 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Conduct<span class=\"_ _393\"> </span></div></td><td class=\"c n x966 y3c4e w263 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x967 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x968 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w264 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Provided in the period<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c50 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w265 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Utilised in the period<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x88a y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x969 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x96a y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs479\">Some of <span class=\"_ _1\"></span>this pro<span class=\"_ _1\"></span>vision may<span class=\"_ _1\"></span> give rise <span class=\"_ _1\"></span>to outflows aft<span class=\"_ _1\"></span>er mor<span class=\"_ _1\"></span>e than one <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om the balance sheet dat<span class=\"_ _1\"></span>e. </div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs47a\">Conduct<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs47b\">The Group<span class=\"_ _1\"></span>, as a regulated participant in <span class=\"_ _1\"></span>the financial services industry<span class=\"_ _0\"></span>, is exposed to a high le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> regulatory<span class=\"_ _0\"></span> supervision, which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs47c\">could in the e<span class=\"_ _1\"></span>vent of<span class=\"_ _1\"></span> conduct f<span class=\"_ _1\"></span>ailures expose it <span class=\"_ _1\"></span>to additional liabilities. <span class=\"_ _1\"></span>The objective o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s compliance and conduct </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs47d\">framew<span class=\"_ _1\"></span>ork, which is supervised b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the second line compliance function, is t<span class=\"_ _1\"></span>o pro<span class=\"_ _1\"></span>vide a strong mitigant <span class=\"_ _1\"></span>to this risk, although it<span class=\"_ _1\"></span> is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs47e\">impossible to eliminate it<span class=\"_ _1\"></span> entirely<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs47f\">As described below<span class=\"_ _1\"></span>, ther<span class=\"_ _1\"></span>e is significant uncertainty<span class=\"_ _1\"></span> with r<span class=\"_ _1\"></span>egard <span class=\"_ _1\"></span>to legal and r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> interventions ar<span class=\"_ _1\"></span>ound commissions paid in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs480\">motor<span class=\"_ _1\"></span> finance mark<span class=\"_ _1\"></span>et. T<span class=\"_ _1\"></span>hese processes ar<span class=\"_ _1\"></span>e still not complete, and <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the scope and extent of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> exposur<span class=\"_ _1\"></span>e remains uncertain. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs481\">The broader<span class=\"_ _0\"></span> regulatory envir<span class=\"_ _1\"></span>onment continues <span class=\"_ _1\"></span>to dev<span class=\"_ _1\"></span>elop, thr<span class=\"_ _1\"></span>ough regulatory<span class=\"_ _0\"></span> policies, legislative rules and court rulings, and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs482\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s assessment of po<span class=\"_ _1\"></span>tential liabilities for<span class=\"_ _0\"></span> issues relating to motor<span class=\"_ _1\"></span> finance commission or<span class=\"_ _1\"></span> other<span class=\"_ _1\"></span> conduct issues, is based on our<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs483\">current interpr<span class=\"_ _0\"></span>etation of requir<span class=\"_ _1\"></span>ements and hence further<span class=\"_ _1\"></span> liabilities may<span class=\"_ _1\"></span> arise as these de<span class=\"_ _1\"></span>velop o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> time<span class=\"_ _393\"> </span>.<span class=\"_ _393\"> </span></div>Motor<span class=\"_ _1\"></span> finance commissions In January<span class=\"_ _0\"></span> 2024 the FCA<span class=\"_ _0\"></span> had announced that it w<span class=\"_ _1\"></span>as conducting a re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the historical use of<span class=\"_ _1\"></span> discretionary<span class=\"_ _0\"></span> commission arrangements (\u2018DCA<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s) across <span class=\"_ _1\"></span>the motor<span class=\"_ _1\"></span> finance industry<span class=\"_ _0\"></span>, in the period fr<span class=\"_ _1\"></span>om 2007 onwar<span class=\"_ _1\"></span>ds, follo<span class=\"_ _1\"></span>wing action tak<span class=\"_ _1\"></span>en in this specific ar<span class=\"_ _1\"></span>ea by<span class=\"_ _1\"></span> the courts and <span class=\"_ _1\"></span>the Financial Ombudsman Service (\u2018FOS\u2019). <span class=\"_ _0\"></span>This revie<span class=\"_ _1\"></span>w has subsequently<span class=\"_ _1\"></span> been broadened in scope <span class=\"_ _1\"></span>to consider other hist<span class=\"_ _1\"></span>orical commission practices in the sector<span class=\"_ _0\"></span> as a result of r<span class=\"_ _1\"></span>elated litigation activity<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>At <span class=\"_ _1\"></span>the same time <span class=\"_ _1\"></span>the FC<span class=\"_ _1\"></span>A imposed a pause on <span class=\"_ _1\"></span>the handling of<span class=\"_ _1\"></span> such complaints, which has been subsequently<span class=\"_ _1\"></span> extended t<span class=\"_ _1\"></span>o enable the regulator<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o finalise its w<span class=\"_ _1\"></span>ork in this ar<span class=\"_ _1\"></span>ea, and r<span class=\"_ _1\"></span>emained in place at the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end.<span class=\"_ _393\"> </span>A number<span class=\"_ _0\"></span> of legal cases w<span class=\"_ _1\"></span>ere r<span class=\"_ _1\"></span>esolved in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear enabling <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> to finalise its r<span class=\"_ _0\"></span>eview and <span class=\"_ _1\"></span>formulate pr<span class=\"_ _1\"></span>oposals for<span class=\"_ _1\"></span> a r<span class=\"_ _1\"></span>edress scheme. T<span class=\"_ _1\"></span>hese proposals <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e published on 7 October 2025, shortly<span class=\"_ _1\"></span> after<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end, as Consultation Paper<span class=\"_ _1\"></span> CP 25/27<span class=\"_ _e\"></span>, and are principally concentrat<span class=\"_ _1\"></span>ed on DCA<span class=\"_ _1\"></span> cases, high-commission transactions and <span class=\"_ _1\"></span>tied brok<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>elationships. <span class=\"_ _1\"></span>The latter<span class=\"_ _1\"></span> two ha<span class=\"_ _1\"></span>ve only<span class=\"_ _1\"></span> a limited impact on the Gr<span class=\"_ _1\"></span>oup. <span class=\"_ _1\"></span>While the r<span class=\"_ _1\"></span>edress scheme is still in its consultation phase, it r<span class=\"_ _1\"></span>epresents <span class=\"_ _1\"></span>the most lik<span class=\"_ _1\"></span>ely basis against<span class=\"_ _1\"></span> which t<span class=\"_ _1\"></span>o assess the le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> our e<span class=\"_ _1\"></span>xposure. The scope of<span class=\"_ _1\"></span> the F<span class=\"_ _1\"></span>CA<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s proposals includes loans made since 2007<span class=\"_ _0\"></span>, when <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>was activ<span class=\"_ _1\"></span>e in the motor<span class=\"_ _0\"></span> finance market. How<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, it ceased making new<span class=\"_ _1\"></span> loans in this sector<span class=\"_ _1\"></span> in F<span class=\"_ _0\"></span>ebruary 2008. It r<span class=\"_ _1\"></span>e-entered <span class=\"_ _1\"></span>the market<span class=\"_ _1\"></span> in 2014, on the <span class=\"_ _1\"></span>formation of<span class=\"_ _1\"></span> Parag<span class=\"_ _1\"></span>on Bank. Between 2007 and 31 October<span class=\"_ _1\"></span> 2024, <span class=\"_ _1\"></span>the Group had paid out<span class=\"_ _1\"></span> a total o<span class=\"_ _1\"></span>f \u00a351.<span class=\"_ _1\"></span>0m of commissions <span class=\"_ _1\"></span>to support <span class=\"_ _1\"></span>the origination of mo<span class=\"_ _1\"></span>tor finance loans. Included in this amount <span class=\"_ _1\"></span>was \u00a326.<span class=\"_ _1\"></span>7m of commissions r<span class=\"_ _1\"></span>elated <span class=\"_ _1\"></span>to DCA<span class=\"_ _1\"></span> cases, all of <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ere originated prior<span class=\"_ _0\"></span> to 2022. Given <span class=\"_ _1\"></span>the public statements of <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup has concluded that a r<span class=\"_ _1\"></span>edress scheme br<span class=\"_ _1\"></span>oadly<span class=\"_ _1\"></span> in line with that<span class=\"_ _1\"></span> proposed in CP<span class=\"_ _1\"></span> 25/27 is likely<span class=\"_ _0\"></span>. It has there<span class=\"_ _1\"></span>fore made pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> such liabilities. T<span class=\"_ _1\"></span>he pro<span class=\"_ _1\"></span>vision is estimated based on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s detailed data and the calculations set out in <span class=\"_ _1\"></span>the FCA<span class=\"_ _0\"></span> consultation paper<span class=\"_ _1\"></span>, including an allowance <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the costs of<span class=\"_ _1\"></span> administering the scheme. <span class=\"_ _0\"></span>This provision would be expected <span class=\"_ _1\"></span>to be utilised ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the eighteen months f<span class=\"_ _1\"></span>ollowing the balance shee<span class=\"_ _1\"></span>t date, if <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> confirms its proposals, including the <span class=\"_ _1\"></span>timescales set out in its document, as final.<span class=\"_ _393\"> </span>While the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> intends that<span class=\"_ _1\"></span> its programme o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>edress should be <span class=\"_ _1\"></span>final for<span class=\"_ _1\"></span> all motor<span class=\"_ _1\"></span> finances cases adv<span class=\"_ _1\"></span>anced in the period co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> its re<span class=\"_ _1\"></span>view<span class=\"_ _0\"></span>, it is possible that consumers who do not<span class=\"_ _1\"></span> qualify <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> redr<span class=\"_ _1\"></span>ess or <span class=\"_ _1\"></span>who feel <span class=\"_ _1\"></span>the redr<span class=\"_ _1\"></span>ess offer<span class=\"_ _0\"></span>ed by the scheme is inadequate ma<span class=\"_ _1\"></span>y attempt <span class=\"_ _1\"></span>to assert their<span class=\"_ _1\"></span> claims though alt<span class=\"_ _1\"></span>ernative rout<span class=\"_ _1\"></span>es. As <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> consultation is still open, it is also possible that <span class=\"_ _1\"></span>the final <span class=\"_ _1\"></span>version differs fr<span class=\"_ _0\"></span>om the proposal set out in <span class=\"_ _1\"></span>the CP<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>As such it is possible that<span class=\"_ _1\"></span> the ultimate liability<span class=\"_ _1\"></span> in respect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these matters is materially<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent fr<span class=\"_ _1\"></span>om the amount pr<span class=\"_ _1\"></span>ovided.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-367": {
   "value": "39<span class=\"_ _1\"></span>. <span class=\"_ _2de\"></span>Pro<span class=\"_ _1\"></span>visions for<span class=\"_ _1\"></span> liabilities<span class=\"_ _393\"> </span>Pro<span class=\"_ _1\"></span>visions are r<span class=\"_ _1\"></span>ecognised for<span class=\"_ _0\"></span> present obligations arising as a consequence of<span class=\"_ _1\"></span> past ev<span class=\"_ _1\"></span>ents wher<span class=\"_ _1\"></span>e it is considered mor<span class=\"_ _1\"></span>e probable <span class=\"_ _1\"></span>than not that<span class=\"_ _1\"></span> a liability <span class=\"_ _1\"></span>will arise, wher<span class=\"_ _1\"></span>e the liability<span class=\"_ _1\"></span> can be reliably<span class=\"_ _1\"></span> estimated. <span class=\"_ _1\"></span>Where <span class=\"_ _1\"></span>these conditions are not<span class=\"_ _1\"></span> met, but ther<span class=\"_ _1\"></span>e is still the potential f<span class=\"_ _1\"></span>or a material liability<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o arise, this is disclosed as a contingent liability<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The pro<span class=\"_ _1\"></span>visions carried in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s accounts at 30 September 2025 ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w:<span class=\"_ _393\"> </span><table class=\"s w261 hd6\" id=\"_c5ce2d51-0683-47f1-a532-d096126ba520\"><tr><td></td><td class=\"c n x965 y3c4e w262 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Conduct<span class=\"_ _393\"> </span></div></td><td class=\"c n x966 y3c4e w263 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x967 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x968 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w264 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Provided in the period<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c50 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w265 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Utilised in the period<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x88a y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x969 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x96a y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td></tr></table>Some of <span class=\"_ _1\"></span>this pro<span class=\"_ _1\"></span>vision may<span class=\"_ _1\"></span> give rise <span class=\"_ _1\"></span>to outflows aft<span class=\"_ _1\"></span>er mor<span class=\"_ _1\"></span>e than one <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om the balance sheet dat<span class=\"_ _1\"></span>e. Conduct<span class=\"_ _393\"> </span>The Group<span class=\"_ _1\"></span>, as a regulated participant in <span class=\"_ _1\"></span>the financial services industry<span class=\"_ _0\"></span>, is exposed to a high le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> regulatory<span class=\"_ _0\"></span> supervision, which could in the e<span class=\"_ _1\"></span>vent of<span class=\"_ _1\"></span> conduct f<span class=\"_ _1\"></span>ailures expose it <span class=\"_ _1\"></span>to additional liabilities. <span class=\"_ _1\"></span>The objective o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s compliance and conduct framew<span class=\"_ _1\"></span>ork, which is supervised b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the second line compliance function, is t<span class=\"_ _1\"></span>o pro<span class=\"_ _1\"></span>vide a strong mitigant <span class=\"_ _1\"></span>to this risk, although it<span class=\"_ _1\"></span> is impossible to eliminate it<span class=\"_ _1\"></span> entirely<span class=\"_ _0\"></span>. As described below<span class=\"_ _1\"></span>, ther<span class=\"_ _1\"></span>e is significant uncertainty<span class=\"_ _1\"></span> with r<span class=\"_ _1\"></span>egard <span class=\"_ _1\"></span>to legal and r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> interventions ar<span class=\"_ _1\"></span>ound commissions paid in the motor<span class=\"_ _1\"></span> finance mark<span class=\"_ _1\"></span>et. T<span class=\"_ _1\"></span>hese processes ar<span class=\"_ _1\"></span>e still not complete, and <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the scope and extent of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> exposur<span class=\"_ _1\"></span>e remains uncertain. The broader<span class=\"_ _0\"></span> regulatory envir<span class=\"_ _1\"></span>onment continues <span class=\"_ _1\"></span>to dev<span class=\"_ _1\"></span>elop, thr<span class=\"_ _1\"></span>ough regulatory<span class=\"_ _0\"></span> policies, legislative rules and court rulings, and the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s assessment of po<span class=\"_ _1\"></span>tential liabilities for<span class=\"_ _0\"></span> issues relating to motor<span class=\"_ _1\"></span> finance commission or<span class=\"_ _1\"></span> other<span class=\"_ _1\"></span> conduct issues, is based on our<span class=\"_ _1\"></span> current interpr<span class=\"_ _0\"></span>etation of requir<span class=\"_ _1\"></span>ements and hence further<span class=\"_ _1\"></span> liabilities may<span class=\"_ _1\"></span> arise as these de<span class=\"_ _1\"></span>velop o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> time<span class=\"_ _393\"> </span>.<span class=\"_ _393\"> </span><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws14 gs485\">Motor<span class=\"_ _1\"></span> finance commissions </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs486\">In January<span class=\"_ _0\"></span> 2024 the FCA<span class=\"_ _0\"></span> had announced that it w<span class=\"_ _1\"></span>as conducting a re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the historical use of<span class=\"_ _1\"></span> discretionary<span class=\"_ _0\"></span> commission </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs487\">arrangements (\u2018DCA<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s) across <span class=\"_ _1\"></span>the motor<span class=\"_ _1\"></span> finance industry<span class=\"_ _0\"></span>, in the period fr<span class=\"_ _1\"></span>om 2007 onwar<span class=\"_ _1\"></span>ds, follo<span class=\"_ _1\"></span>wing action tak<span class=\"_ _1\"></span>en in this specific ar<span class=\"_ _1\"></span>ea </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs488\">by<span class=\"_ _1\"></span> the courts and <span class=\"_ _1\"></span>the Financial Ombudsman Service (\u2018FOS\u2019). <span class=\"_ _0\"></span>This revie<span class=\"_ _1\"></span>w has subsequently<span class=\"_ _1\"></span> been broadened in scope <span class=\"_ _1\"></span>to consider </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs489\">other hist<span class=\"_ _1\"></span>orical commission practices in the sector<span class=\"_ _0\"></span> as a result of r<span class=\"_ _1\"></span>elated litigation activity<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs48a\">At <span class=\"_ _1\"></span>the same time <span class=\"_ _1\"></span>the FC<span class=\"_ _1\"></span>A imposed a pause on <span class=\"_ _1\"></span>the handling of<span class=\"_ _1\"></span> such complaints, which has been subsequently<span class=\"_ _1\"></span> extended t<span class=\"_ _1\"></span>o enable the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs48b\">regulator<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o finalise its w<span class=\"_ _1\"></span>ork in this ar<span class=\"_ _1\"></span>ea, and r<span class=\"_ _1\"></span>emained in place at the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs48c\">A number<span class=\"_ _0\"></span> of legal cases w<span class=\"_ _1\"></span>ere r<span class=\"_ _1\"></span>esolved in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear enabling <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> to finalise its r<span class=\"_ _0\"></span>eview and <span class=\"_ _1\"></span>formulate pr<span class=\"_ _1\"></span>oposals for<span class=\"_ _1\"></span> a r<span class=\"_ _1\"></span>edress </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs48d\">scheme. T<span class=\"_ _1\"></span>hese proposals <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e published on 7 October 2025, shortly<span class=\"_ _1\"></span> after<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end, as Consultation Paper<span class=\"_ _1\"></span> CP 25/27<span class=\"_ _e\"></span>, and are </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs48e\">principally concentrat<span class=\"_ _1\"></span>ed on DCA<span class=\"_ _1\"></span> cases, high-commission transactions and <span class=\"_ _1\"></span>tied brok<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>elationships. <span class=\"_ _1\"></span>The latter<span class=\"_ _1\"></span> two ha<span class=\"_ _1\"></span>ve only<span class=\"_ _1\"></span> a limited </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs48f\">impact on the Gr<span class=\"_ _1\"></span>oup. <span class=\"_ _1\"></span>While the r<span class=\"_ _1\"></span>edress scheme is still in its consultation phase, it r<span class=\"_ _1\"></span>epresents <span class=\"_ _1\"></span>the most lik<span class=\"_ _1\"></span>ely basis against<span class=\"_ _1\"></span> which t<span class=\"_ _1\"></span>o </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs490\">assess the le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> our e<span class=\"_ _1\"></span>xposure. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs491\">The scope of<span class=\"_ _1\"></span> the F<span class=\"_ _1\"></span>CA<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s proposals includes loans made since 2007<span class=\"_ _0\"></span>, when <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>was activ<span class=\"_ _1\"></span>e in the motor<span class=\"_ _0\"></span> finance market. How<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs492\">it ceased making new<span class=\"_ _1\"></span> loans in this sector<span class=\"_ _1\"></span> in F<span class=\"_ _0\"></span>ebruary 2008. It r<span class=\"_ _1\"></span>e-entered <span class=\"_ _1\"></span>the market<span class=\"_ _1\"></span> in 2014, on the <span class=\"_ _1\"></span>formation of<span class=\"_ _1\"></span> Parag<span class=\"_ _1\"></span>on Bank. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs493\">Between 2007 and 31 October<span class=\"_ _1\"></span> 2024, <span class=\"_ _1\"></span>the Group had paid out<span class=\"_ _1\"></span> a total o<span class=\"_ _1\"></span>f \u00a351.<span class=\"_ _1\"></span>0m of commissions <span class=\"_ _1\"></span>to support <span class=\"_ _1\"></span>the origination of mo<span class=\"_ _1\"></span>tor </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs494\">finance loans. Included in this amount <span class=\"_ _1\"></span>was \u00a326.<span class=\"_ _1\"></span>7m of commissions r<span class=\"_ _1\"></span>elated <span class=\"_ _1\"></span>to DCA<span class=\"_ _1\"></span> cases, all of <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ere originated prior<span class=\"_ _0\"></span> to 2022. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws60 gs495\">Given <span class=\"_ _1\"></span>the public statements of <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup has concluded that a r<span class=\"_ _1\"></span>edress scheme br<span class=\"_ _1\"></span>oadly<span class=\"_ _1\"></span> in line with that<span class=\"_ _1\"></span> proposed in CP<span class=\"_ _1\"></span> 25/27 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs496\">is likely<span class=\"_ _0\"></span>. It has there<span class=\"_ _1\"></span>fore made pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> such liabilities. T<span class=\"_ _1\"></span>he pro<span class=\"_ _1\"></span>vision is estimated based on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s detailed data and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs497\">calculations set out in <span class=\"_ _1\"></span>the FCA<span class=\"_ _0\"></span> consultation paper<span class=\"_ _1\"></span>, including an allowance <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the costs of<span class=\"_ _1\"></span> administering the scheme. <span class=\"_ _0\"></span>This provision </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs498\">would be expected <span class=\"_ _1\"></span>to be utilised ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the eighteen months f<span class=\"_ _1\"></span>ollowing the balance shee<span class=\"_ _1\"></span>t date, if <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> confirms its proposals, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs499\">including the <span class=\"_ _1\"></span>timescales set out in its document, as final.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs49a\">While the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> intends that<span class=\"_ _1\"></span> its programme o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>edress should be <span class=\"_ _1\"></span>final for<span class=\"_ _1\"></span> all motor<span class=\"_ _1\"></span> finances cases adv<span class=\"_ _1\"></span>anced in the period co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs49b\">re<span class=\"_ _1\"></span>view<span class=\"_ _0\"></span>, it is possible that consumers who do not<span class=\"_ _1\"></span> qualify <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> redr<span class=\"_ _1\"></span>ess or <span class=\"_ _1\"></span>who feel <span class=\"_ _1\"></span>the redr<span class=\"_ _1\"></span>ess offer<span class=\"_ _0\"></span>ed by the scheme is inadequate ma<span class=\"_ _1\"></span>y </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs49c\">attempt <span class=\"_ _1\"></span>to assert their<span class=\"_ _1\"></span> claims though alt<span class=\"_ _1\"></span>ernative rout<span class=\"_ _1\"></span>es. As <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> consultation is still open, it is also possible that <span class=\"_ _1\"></span>the final <span class=\"_ _1\"></span>version </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs49d\">differs fr<span class=\"_ _0\"></span>om the proposal set out in <span class=\"_ _1\"></span>the CP<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>As such it is possible that<span class=\"_ _1\"></span> the ultimate liability<span class=\"_ _1\"></span> in respect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these matters is materially<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs49e\">differ<span class=\"_ _1\"></span>ent fr<span class=\"_ _1\"></span>om the amount pr<span class=\"_ _1\"></span>ovided.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-427": {
   "value": "39<span class=\"_ _1\"></span>. <span class=\"_ _2de\"></span>Pro<span class=\"_ _1\"></span>visions for<span class=\"_ _1\"></span> liabilities<span class=\"_ _393\"> </span>Pro<span class=\"_ _1\"></span>visions are r<span class=\"_ _1\"></span>ecognised for<span class=\"_ _0\"></span> present obligations arising as a consequence of<span class=\"_ _1\"></span> past ev<span class=\"_ _1\"></span>ents wher<span class=\"_ _1\"></span>e it is considered mor<span class=\"_ _1\"></span>e probable <span class=\"_ _1\"></span>than not that<span class=\"_ _1\"></span> a liability <span class=\"_ _1\"></span>will arise, wher<span class=\"_ _1\"></span>e the liability<span class=\"_ _1\"></span> can be reliably<span class=\"_ _1\"></span> estimated. <span class=\"_ _1\"></span>Where <span class=\"_ _1\"></span>these conditions are not<span class=\"_ _1\"></span> met, but ther<span class=\"_ _1\"></span>e is still the potential f<span class=\"_ _1\"></span>or a material liability<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o arise, this is disclosed as a contingent liability<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The pro<span class=\"_ _1\"></span>visions carried in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s accounts at 30 September 2025 ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w:<span class=\"_ _393\"> </span><table class=\"s w261 hd6\" id=\"_c5ce2d51-0683-47f1-a532-d096126ba520\"><tr><td></td><td class=\"c n x965 y3c4e w262 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Conduct<span class=\"_ _393\"> </span></div></td><td class=\"c n x966 y3c4e w263 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x967 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x968 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w264 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Provided in the period<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c50 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w265 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Utilised in the period<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x88a y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x969 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x96a y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td></tr></table>Some of <span class=\"_ _1\"></span>this pro<span class=\"_ _1\"></span>vision may<span class=\"_ _1\"></span> give rise <span class=\"_ _1\"></span>to outflows aft<span class=\"_ _1\"></span>er mor<span class=\"_ _1\"></span>e than one <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om the balance sheet dat<span class=\"_ _1\"></span>e. Conduct<span class=\"_ _393\"> </span>The Group<span class=\"_ _1\"></span>, as a regulated participant in <span class=\"_ _1\"></span>the financial services industry<span class=\"_ _0\"></span>, is exposed to a high le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> regulatory<span class=\"_ _0\"></span> supervision, which could in the e<span class=\"_ _1\"></span>vent of<span class=\"_ _1\"></span> conduct f<span class=\"_ _1\"></span>ailures expose it <span class=\"_ _1\"></span>to additional liabilities. <span class=\"_ _1\"></span>The objective o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s compliance and conduct framew<span class=\"_ _1\"></span>ork, which is supervised b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the second line compliance function, is t<span class=\"_ _1\"></span>o pro<span class=\"_ _1\"></span>vide a strong mitigant <span class=\"_ _1\"></span>to this risk, although it<span class=\"_ _1\"></span> is impossible to eliminate it<span class=\"_ _1\"></span> entirely<span class=\"_ _0\"></span>. As described below<span class=\"_ _1\"></span>, ther<span class=\"_ _1\"></span>e is significant uncertainty<span class=\"_ _1\"></span> with r<span class=\"_ _1\"></span>egard <span class=\"_ _1\"></span>to legal and r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> interventions ar<span class=\"_ _1\"></span>ound commissions paid in the motor<span class=\"_ _1\"></span> finance mark<span class=\"_ _1\"></span>et. T<span class=\"_ _1\"></span>hese processes ar<span class=\"_ _1\"></span>e still not complete, and <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the scope and extent of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> exposur<span class=\"_ _1\"></span>e remains uncertain. The broader<span class=\"_ _0\"></span> regulatory envir<span class=\"_ _1\"></span>onment continues <span class=\"_ _1\"></span>to dev<span class=\"_ _1\"></span>elop, thr<span class=\"_ _1\"></span>ough regulatory<span class=\"_ _0\"></span> policies, legislative rules and court rulings, and the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s assessment of po<span class=\"_ _1\"></span>tential liabilities for<span class=\"_ _0\"></span> issues relating to motor<span class=\"_ _1\"></span> finance commission or<span class=\"_ _1\"></span> other<span class=\"_ _1\"></span> conduct issues, is based on our<span class=\"_ _1\"></span> current interpr<span class=\"_ _0\"></span>etation of requir<span class=\"_ _1\"></span>ements and hence further<span class=\"_ _1\"></span> liabilities may<span class=\"_ _1\"></span> arise as these de<span class=\"_ _1\"></span>velop o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> time<span class=\"_ _393\"> </span>Motor<span class=\"_ _1\"></span> finance commissions In January<span class=\"_ _0\"></span> 2024 the FCA<span class=\"_ _0\"></span> had announced that it w<span class=\"_ _1\"></span>as conducting a re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the historical use of<span class=\"_ _1\"></span> discretionary<span class=\"_ _0\"></span> commission arrangements (\u2018DCA<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s) across <span class=\"_ _1\"></span>the motor<span class=\"_ _1\"></span> finance industry<span class=\"_ _0\"></span>, in the period fr<span class=\"_ _1\"></span>om 2007 onwar<span class=\"_ _1\"></span>ds, follo<span class=\"_ _1\"></span>wing action tak<span class=\"_ _1\"></span>en in this specific ar<span class=\"_ _1\"></span>ea by<span class=\"_ _1\"></span> the courts and <span class=\"_ _1\"></span>the Financial Ombudsman Service (\u2018FOS\u2019). <span class=\"_ _0\"></span>This revie<span class=\"_ _1\"></span>w has subsequently<span class=\"_ _1\"></span> been broadened in scope <span class=\"_ _1\"></span>to consider other hist<span class=\"_ _1\"></span>orical commission practices in the sector<span class=\"_ _0\"></span> as a result of r<span class=\"_ _1\"></span>elated litigation activity<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>At <span class=\"_ _1\"></span>the same time <span class=\"_ _1\"></span>the FC<span class=\"_ _1\"></span>A imposed a pause on <span class=\"_ _1\"></span>the handling of<span class=\"_ _1\"></span> such complaints, which has been subsequently<span class=\"_ _1\"></span> extended t<span class=\"_ _1\"></span>o enable the regulator<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o finalise its w<span class=\"_ _1\"></span>ork in this ar<span class=\"_ _1\"></span>ea, and r<span class=\"_ _1\"></span>emained in place at the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end.<span class=\"_ _393\"> </span>A number<span class=\"_ _0\"></span> of legal cases w<span class=\"_ _1\"></span>ere r<span class=\"_ _1\"></span>esolved in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear enabling <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> to finalise its r<span class=\"_ _0\"></span>eview and <span class=\"_ _1\"></span>formulate pr<span class=\"_ _1\"></span>oposals for<span class=\"_ _1\"></span> a r<span class=\"_ _1\"></span>edress scheme. T<span class=\"_ _1\"></span>hese proposals <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e published on 7 October 2025, shortly<span class=\"_ _1\"></span> after<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end, as Consultation Paper<span class=\"_ _1\"></span> CP 25/27<span class=\"_ _e\"></span>, and are principally concentrat<span class=\"_ _1\"></span>ed on DCA<span class=\"_ _1\"></span> cases, high-commission transactions and <span class=\"_ _1\"></span>tied brok<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>elationships. <span class=\"_ _1\"></span>The latter<span class=\"_ _1\"></span> two ha<span class=\"_ _1\"></span>ve only<span class=\"_ _1\"></span> a limited impact on the Gr<span class=\"_ _1\"></span>oup. <span class=\"_ _1\"></span>While the r<span class=\"_ _1\"></span>edress scheme is still in its consultation phase, it r<span class=\"_ _1\"></span>epresents <span class=\"_ _1\"></span>the most lik<span class=\"_ _1\"></span>ely basis against<span class=\"_ _1\"></span> which t<span class=\"_ _1\"></span>o assess the le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> our e<span class=\"_ _1\"></span>xposure. The scope of<span class=\"_ _1\"></span> the F<span class=\"_ _1\"></span>CA<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>s proposals includes loans made since 2007<span class=\"_ _0\"></span>, when <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>was activ<span class=\"_ _1\"></span>e in the motor<span class=\"_ _0\"></span> finance market. How<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, it ceased making new<span class=\"_ _1\"></span> loans in this sector<span class=\"_ _1\"></span> in F<span class=\"_ _0\"></span>ebruary 2008. It r<span class=\"_ _1\"></span>e-entered <span class=\"_ _1\"></span>the market<span class=\"_ _1\"></span> in 2014, on the <span class=\"_ _1\"></span>formation of<span class=\"_ _1\"></span> Parag<span class=\"_ _1\"></span>on Bank. Between 2007 and 31 October<span class=\"_ _1\"></span> 2024, <span class=\"_ _1\"></span>the Group had paid out<span class=\"_ _1\"></span> a total o<span class=\"_ _1\"></span>f \u00a351.<span class=\"_ _1\"></span>0m of commissions <span class=\"_ _1\"></span>to support <span class=\"_ _1\"></span>the origination of mo<span class=\"_ _1\"></span>tor finance loans. Included in this amount <span class=\"_ _1\"></span>was \u00a326.<span class=\"_ _1\"></span>7m of commissions r<span class=\"_ _1\"></span>elated <span class=\"_ _1\"></span>to DCA<span class=\"_ _1\"></span> cases, all of <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ere originated prior<span class=\"_ _0\"></span> to 2022. Given <span class=\"_ _1\"></span>the public statements of <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup has concluded that a r<span class=\"_ _1\"></span>edress scheme br<span class=\"_ _1\"></span>oadly<span class=\"_ _1\"></span> in line with that<span class=\"_ _1\"></span> proposed in CP<span class=\"_ _1\"></span> 25/27 is likely<span class=\"_ _0\"></span>. It has there<span class=\"_ _1\"></span>fore made pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> such liabilities. T<span class=\"_ _1\"></span>he pro<span class=\"_ _1\"></span>vision is estimated based on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s detailed data and the calculations set out in <span class=\"_ _1\"></span>the FCA<span class=\"_ _0\"></span> consultation paper<span class=\"_ _1\"></span>, including an allowance <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the costs of<span class=\"_ _1\"></span> administering the scheme. <span class=\"_ _0\"></span>This provision would be expected <span class=\"_ _1\"></span>to be utilised ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the eighteen months f<span class=\"_ _1\"></span>ollowing the balance shee<span class=\"_ _1\"></span>t date, if <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> confirms its proposals, including the <span class=\"_ _1\"></span>timescales set out in its document, as final.<span class=\"_ _393\"> </span>While the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> intends that<span class=\"_ _1\"></span> its programme o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>edress should be <span class=\"_ _1\"></span>final for<span class=\"_ _1\"></span> all motor<span class=\"_ _1\"></span> finances cases adv<span class=\"_ _1\"></span>anced in the period co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> its re<span class=\"_ _1\"></span>view<span class=\"_ _0\"></span>, it is possible that consumers who do not<span class=\"_ _1\"></span> qualify <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> redr<span class=\"_ _1\"></span>ess or <span class=\"_ _1\"></span>who feel <span class=\"_ _1\"></span>the redr<span class=\"_ _1\"></span>ess offer<span class=\"_ _0\"></span>ed by the scheme is inadequate ma<span class=\"_ _1\"></span>y attempt <span class=\"_ _1\"></span>to assert their<span class=\"_ _1\"></span> claims though alt<span class=\"_ _1\"></span>ernative rout<span class=\"_ _1\"></span>es. As <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA<span class=\"_ _1\"></span> consultation is still open, it is also possible that <span class=\"_ _1\"></span>the final <span class=\"_ _1\"></span>version differs fr<span class=\"_ _0\"></span>om the proposal set out in <span class=\"_ _1\"></span>the CP<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>As such it is possible that<span class=\"_ _1\"></span> the ultimate liability<span class=\"_ _1\"></span> in respect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these matters is materially<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent fr<span class=\"_ _1\"></span>om the amount pr<span class=\"_ _1\"></span>ovided.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "40. <span class=\"_ _33\"></span>Deferr<span class=\"_ _1\"></span>ed tax<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span>The net def<span class=\"_ _1\"></span>erred <span class=\"_ _1\"></span>tax liability <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>which pr<span class=\"_ _1\"></span>ovision has been made and the mo<span class=\"_ _1\"></span>vements in <span class=\"_ _1\"></span>that balance are analy<span class=\"_ _1\"></span>sed as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _393\"> </span><table class=\"s w266 h10e\" id=\"_3b24a922-5d06-4a1b-a939-1113bb6da0ef\"><tr><td></td><td class=\"t m0 x96b h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Opening<span class=\"_ _393\"> </span></td><td class=\"t m0 x96c h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Profit and loss<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x8f1 h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Charge / (cr<span class=\"_ _1\"></span>edit) </td><td class=\"t m0 x96d h4e y3d9d ff49 fs4 fc1 sc0 ls0 ws0\">Closing<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x96e h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td><td class=\"t m0 x96f h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">charge / (cr<span class=\"_ _1\"></span>edit)<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x970 h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">to equity<span class=\"_ _393\"> </span></td><td class=\"t m0 x971 h4e y3d9e ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x972 y3d9f w267 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Current<span class=\"_ _393\"> </span></div></td><td class=\"c n x973 y3d9f w268 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Prior<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3da0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3da1 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3da2 w269 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x974 y3da2 w9d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x975 y3da2 w9d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x976 y3da2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x977 y3da2 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x978 y3da2 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da3 w59 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Retir<span class=\"_ _1\"></span>ement benefit oblig<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></div></td><td class=\"c n x979 y3da3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x754 y3da3 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x97a y3da3 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x97b y3da3 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8e6 y3da3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da4 w26a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x97c y3da4 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x97d y3da4 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x97e y3da4 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x97f y3da4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x980 y3da4 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w26b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and other derivativ<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x981 y3c9b w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x22c y3c9b w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x229 y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x337 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da5 w26c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share-based paymen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x982 y3da5 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x983 y3da5 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x984 y3da5 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x985 y3da5 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x986 y3da5 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da6 w26d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x988 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x989 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf2 w26e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x98a y3cf2 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x98b y3cf2 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x98c y3cf2 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x97f y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x986 y3cf2 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w14c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x98d y3ca3 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x98e y3ca3 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x878 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x98f y3ca3 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x33b y3ca3 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3da7 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c61 w269 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x974 y3c61 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(8.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x990 y3c61 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x991 y3c61 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x89d y3c61 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x588 y3c61 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(2.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w59 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Retir<span class=\"_ _1\"></span>ement benefit oblig<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></div></td><td class=\"c n x979 y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x992 y3c63 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x94a y3c63 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x994 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w26a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est ra<span class=\"_ _1\"></span>te hedging<span class=\"_ _393\"> </span></div></td><td class=\"c n x97c y3c4e w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">32.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x995 y3c4e w95 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(13.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x996 y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65e y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x65f y3c4e w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">19.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w26b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Loans and other derivativ<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n x63b y3cb2 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x997 y3cb2 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x998 y3cb2 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x999 y3cb2 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3cb2 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w26c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Share-based paymen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x982 y3c98 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(7.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x99a y3c98 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x99b y3c98 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x99c y3c98 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(3.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x71e y3c98 w46 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(9.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w26d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses<span class=\"_ _393\"> </span></div></td><td class=\"c n x99d y3c62 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(3.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x99e y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x99f y3c62 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a0 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a1 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w26e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x98a y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a2 y3c65 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a3 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x531 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a4 y3c65 w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w14c hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x98d y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a5 y3c48 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(9.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x925 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x356 y3c48 w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a6 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13.4<span class=\"_ _393\"> </span></div></td></tr></table>Balances in respect o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est rate hedging in <span class=\"_ _1\"></span>the table abo<span class=\"_ _1\"></span>ve r<span class=\"_ _1\"></span>elate to deriv<span class=\"_ _1\"></span>atives hedging inter<span class=\"_ _1\"></span>est rate risk<span class=\"_ _1\"></span> in the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s loan and deposit books and relat<span class=\"_ _1\"></span>ed pipelines, and fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue accounting adjustments.<span class=\"_ _393\"> </span>The tempor<span class=\"_ _1\"></span>ary diff<span class=\"_ _1\"></span>erences shown abo<span class=\"_ _1\"></span>ve ha<span class=\"_ _1\"></span>ve been pro<span class=\"_ _1\"></span>vided at the r<span class=\"_ _1\"></span>ate pre<span class=\"_ _1\"></span>vailing <span class=\"_ _1\"></span>when the Gr<span class=\"_ _1\"></span>oup anticipates these <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ences to r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>erse. In the e<span class=\"_ _1\"></span>vent <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differences actually<span class=\"_ _0\"></span> reverse in diff<span class=\"_ _1\"></span>erent periods a cr<span class=\"_ _1\"></span>edit or<span class=\"_ _1\"></span> charge <span class=\"_ _1\"></span>will arise in a futur<span class=\"_ _1\"></span>e period to r<span class=\"_ _1\"></span>eflect the diff<span class=\"_ _1\"></span>erence. <span class=\"_ _1\"></span>The <span class=\"_ _1\"></span>timing of r<span class=\"_ _0\"></span>eversal of<span class=\"_ _1\"></span> temporary<span class=\"_ _0\"></span> differences will be aff<span class=\"_ _1\"></span>ected by<span class=\"_ _1\"></span> both matters <span class=\"_ _1\"></span>within the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s control (<span class=\"_ _1\"></span>such as the timing and natur<span class=\"_ _0\"></span>e of the r<span class=\"_ _1\"></span>efinancing of<span class=\"_ _1\"></span> certain portfolios) and matt<span class=\"_ _1\"></span>ers outside the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s control (for example, the <span class=\"_ _1\"></span>timing of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s contributions to its de<span class=\"_ _1\"></span>fined benefit pension scheme). If <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differences r<span class=\"_ _0\"></span>everse within P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C in a period in which it is subject t<span class=\"_ _1\"></span>o the banking sur<span class=\"_ _1\"></span>charge, <span class=\"_ _1\"></span>then the impact of <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>sal will be at an eff<span class=\"_ _1\"></span>ective tax r<span class=\"_ _1\"></span>ate that includes <span class=\"_ _1\"></span>the banking surchar<span class=\"_ _1\"></span>ge to some e<span class=\"_ _1\"></span>xtent.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span>The net def<span class=\"_ _1\"></span>erred <span class=\"_ _1\"></span>tax liability / (<span class=\"_ _1\"></span>asset) for<span class=\"_ _0\"></span> which provision has been made, and <span class=\"_ _1\"></span>the mov<span class=\"_ _1\"></span>ements in that balance ar<span class=\"_ _1\"></span>e analysed as <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span>s:<span class=\"_ _393\"> </span><table class=\"s w26f h10f\" id=\"_3cae89d9-79b0-4766-81ae-b79050f0f52d\"><tr><td></td><td class=\"t m0 x9a7 h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Opening<span class=\"_ _393\"> </span></td><td class=\"t m0 x9a8 h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Profit and loss<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x9a9 h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Charge / (cr<span class=\"_ _1\"></span>edit) </td><td class=\"t m0 x9aa h4e y3da8 ff49 fs4 fc1 sc0 ls0 ws0\">Closing<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x9ab h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td><td class=\"t m0 x9ac h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">charge / (cr<span class=\"_ _1\"></span>edit)<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 x9ad h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">to equity<span class=\"_ _393\"> </span></td><td class=\"t m0 x9ae h4e y3da9 ff49 fs4 fc1 sc0 ls0 ws0\">balance<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n x9af y3daa w267 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Current<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b0 y3daa w268 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Prior<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3dab w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dac ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc3 w269 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b1 y3cc3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b2 y3cc3 w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b3 y3cc3 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x999 y3cc3 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3cc3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dad w270 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses carried f<span class=\"_ _1\"></span>orward<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b4 y3dad w84 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b5 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b6 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x366 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x894 y3dad w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dae w26e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x988 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x989 y3dae w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3daf w14c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b7 y3daf w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b8 y3daf w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x5df y3daf w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3daf w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3daf w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3db0 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3db1 w269 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Accelerat<span class=\"_ _1\"></span>ed tax depr<span class=\"_ _1\"></span>eciation<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b1 y3db1 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x873 y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9b9 y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x875 y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ba y3db1 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db2 w270 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax losses carried f<span class=\"_ _1\"></span>orward<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bb y3db2 wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x95b y3db2 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bc y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x82a y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bd y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb w26e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Other timing diff<span class=\"_ _1\"></span>erences<span class=\"_ _393\"> </span></div></td><td class=\"c n x5be y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x988 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x989 y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w14c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n x9be y3ccc wa1 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x754 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bf y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c0 y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b6 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-368": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs4b2\">41. <span class=\"_ _ce\"> </span>Called-up share capital<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4b3\">The share capital o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> consists of a single class o<span class=\"_ _1\"></span>f \u00a31 or<span class=\"_ _1\"></span>dinary shar<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4b4\">Movements in <span class=\"_ _1\"></span>the issued share capital in <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> wer<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"gs4b5\"><table class=\"s w271 hde\" id=\"_6e3108b4-82c5-4e74-80b7-dbf9835f9fbc\"><tr><td></td><td class=\"c n x3cb y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x9c1 y3c4e w272 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c2 y3c4e w273 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3db3 ff49 fs4 fc1 sc0 ls0 ws0\">Ordinary shares </td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w226 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c3 y3c98 w274 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">210,604,960<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c4 y3c98 w275 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">228,700,413<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w276 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Shares issued<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c5 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c6 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w8c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Shares cancelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c7 y3c65 w277 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(13,200,000)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c8 y3c65 w278 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(18,095,453)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c3 y3c48 w274 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">197,404,960<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c4 y3c48 w275 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">210,604,960<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4b6\">On 19 March 2025, 6,200<span class=\"_ _1\"></span>,000 o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the shares held in <span class=\"_ _1\"></span>treasury<span class=\"_ _1\"></span> at that dat<span class=\"_ _1\"></span>e wer<span class=\"_ _1\"></span>e cancelled, and 7<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>000,<span class=\"_ _1\"></span>000 further<span class=\"_ _1\"></span> shares <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e cancelled </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4b7\">on 3 September<span class=\"_ _1\"></span> 2025.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4b8\">On 23 F<span class=\"_ _0\"></span>ebruary 2024, 12,<span class=\"_ _1\"></span>095,453 of<span class=\"_ _1\"></span> the shar<span class=\"_ _1\"></span>es held in tr<span class=\"_ _1\"></span>easury at <span class=\"_ _1\"></span>that date w<span class=\"_ _1\"></span>ere cancelled, and 6,<span class=\"_ _1\"></span>000,<span class=\"_ _0\"></span>000 further shares <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4b9\">cancelled on 30 August<span class=\"_ _1\"></span> 2024 (note 43).<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 wsd8 gs4ba\">42. Reserv<span class=\"_ _0\"></span>es<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs4bb\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span></div><div class=\"gs4bc\"><table class=\"s w279 hde\" id=\"_0ee24155-9bce-402b-8e2f-6abe30b87891\"><tr><td></td><td class=\"c n x463 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w27a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share premium acc<span class=\"_ _1\"></span>ount<span class=\"_ _393\"> </span></div></td><td class=\"c n x39a y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x494 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w27b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Capital redemption r<span class=\"_ _1\"></span>eserve<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c9 y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">44.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ca y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x654 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w27c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Merger r<span class=\"_ _1\"></span>eserve<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cb y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(70.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cc y3c62 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(70.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cd y3c62 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(70.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w27d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Profit and loss account<span class=\"_ _393\"> </span></div></td><td class=\"c n x45b y3c65 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,231.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x45c y3c65 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,242.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x45d y3c65 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,243.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x46d y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,276.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x46e y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,274.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x46f y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,257.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs4be\">(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span></div><div class=\"gs4bf\"><table class=\"s w279 hf2\" id=\"_385d38a6-5f87-4b1b-9115-a8cbb803f185\"><tr><td></td><td class=\"c n x455 y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x456 y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x457 y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x1f0 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f2 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w27a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share premium acc<span class=\"_ _1\"></span>ount<span class=\"_ _393\"> </span></div></td><td class=\"c n x39a y3c4f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x494 y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w27b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Capital redemption r<span class=\"_ _1\"></span>eserve<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c9 y3c45 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">44.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ca y3c45 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x654 y3c45 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w27c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Merger r<span class=\"_ _1\"></span>eserve<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cb y3c50 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(23.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cc y3c50 w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(23.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cd y3c50 w71 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(23.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w27d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Profit and loss account<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c47 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">479.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c47 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">510.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c47 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">543.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7cd y3c48 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">571.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ce y3c48 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">589.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cf y3c48 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">604.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4c0\">The share pr<span class=\"_ _1\"></span>emium account and capital r<span class=\"_ _1\"></span>edemption reserv<span class=\"_ _1\"></span>e are non-distributable r<span class=\"_ _1\"></span>eserves <span class=\"_ _1\"></span>which are r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed by<span class=\"_ _0\"></span>, and operate under </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4c1\">the pro<span class=\"_ _1\"></span>visions of<span class=\"_ _1\"></span>, UK company<span class=\"_ _1\"></span> law<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4c2\">The merger<span class=\"_ _0\"></span> reserve arose, due <span class=\"_ _1\"></span>to the pr<span class=\"_ _1\"></span>ovisions o<span class=\"_ _1\"></span>f UK compan<span class=\"_ _1\"></span>y law<span class=\"_ _1\"></span> at <span class=\"_ _1\"></span>the time, on a gr<span class=\"_ _1\"></span>oup restructuring on 12 May<span class=\"_ _1\"></span> 1989 when <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4c3\">Company<span class=\"_ _1\"></span> became the par<span class=\"_ _1\"></span>ent entity of<span class=\"_ _0\"></span> the Group.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-428": {
   "value": "41. <span class=\"_ _ce\"> </span>Called-up share capital<span class=\"_ _393\"> </span>The share capital o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> consists of a single class o<span class=\"_ _1\"></span>f \u00a31 or<span class=\"_ _1\"></span>dinary shar<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span>Movements in <span class=\"_ _1\"></span>the issued share capital in <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> wer<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span><table class=\"s w271 hde\" id=\"_6e3108b4-82c5-4e74-80b7-dbf9835f9fbc\"><tr><td></td><td class=\"c n x3cb y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x9c1 y3c4e w272 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c2 y3c4e w273 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3db3 ff49 fs4 fc1 sc0 ls0 ws0\">Ordinary shares </td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w226 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c3 y3c98 w274 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">210,604,960<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c4 y3c98 w275 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">228,700,413<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w276 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Shares issued<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c5 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c6 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w8c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Shares cancelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c7 y3c65 w277 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(13,200,000)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c8 y3c65 w278 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(18,095,453)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c3 y3c48 w274 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">197,404,960<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c4 y3c48 w275 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">210,604,960<span class=\"_ _393\"> </span></div></td></tr></table>On 19 March 2025, 6,200<span class=\"_ _1\"></span>,000 o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the shares held in <span class=\"_ _1\"></span>treasury<span class=\"_ _1\"></span> at that dat<span class=\"_ _1\"></span>e wer<span class=\"_ _1\"></span>e cancelled, and 7<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>000,<span class=\"_ _1\"></span>000 further<span class=\"_ _1\"></span> shares <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e cancelled on 3 September<span class=\"_ _1\"></span> 2025.<span class=\"_ _393\"> </span>On 23 F<span class=\"_ _0\"></span>ebruary 2024, 12,<span class=\"_ _1\"></span>095,453 of<span class=\"_ _1\"></span> the shar<span class=\"_ _1\"></span>es held in tr<span class=\"_ _1\"></span>easury at <span class=\"_ _1\"></span>that date w<span class=\"_ _1\"></span>ere cancelled, and 6,<span class=\"_ _1\"></span>000,<span class=\"_ _0\"></span>000 further shares <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e cancelled on 30 August<span class=\"_ _1\"></span> 2024 (note 43).<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-429": {
   "value": "42. Reserv<span class=\"_ _0\"></span>es<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span><table class=\"s w279 hde\" id=\"_0ee24155-9bce-402b-8e2f-6abe30b87891\"><tr><td></td><td class=\"c n x463 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w27a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share premium acc<span class=\"_ _1\"></span>ount<span class=\"_ _393\"> </span></div></td><td class=\"c n x39a y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x494 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w27b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Capital redemption r<span class=\"_ _1\"></span>eserve<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c9 y3c45 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">44.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ca y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x654 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w27c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Merger r<span class=\"_ _1\"></span>eserve<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cb y3c62 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(70.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cc y3c62 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(70.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cd y3c62 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(70.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w27d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Profit and loss account<span class=\"_ _393\"> </span></div></td><td class=\"c n x45b y3c65 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,231.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x45c y3c65 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,242.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x45d y3c65 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,243.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x46d y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,276.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x46e y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,274.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x46f y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,257.5<span class=\"_ _393\"> </span></div></td></tr></table>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span><table class=\"s w279 hf2\" id=\"_385d38a6-5f87-4b1b-9115-a8cbb803f185\"><tr><td></td><td class=\"c n x455 y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x456 y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x457 y3c44 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x1f0 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f1 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f2 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w27a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share premium acc<span class=\"_ _1\"></span>ount<span class=\"_ _393\"> </span></div></td><td class=\"c n x39a y3c4f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x494 y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w27b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Capital redemption r<span class=\"_ _1\"></span>eserve<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c9 y3c45 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">44.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ca y3c45 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x654 y3c45 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w27c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Merger r<span class=\"_ _1\"></span>eserve<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cb y3c50 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(23.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cc y3c50 w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(23.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cd y3c50 w71 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(23.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w27d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Profit and loss account<span class=\"_ _393\"> </span></div></td><td class=\"c n x45e y3c47 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">479.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x45f y3c47 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">510.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x460 y3c47 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">543.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7cd y3c48 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">571.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ce y3c48 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">589.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x9cf y3c48 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">604.0<span class=\"_ _393\"> </span></div></td></tr></table>The share pr<span class=\"_ _1\"></span>emium account and capital r<span class=\"_ _1\"></span>edemption reserv<span class=\"_ _1\"></span>e are non-distributable r<span class=\"_ _1\"></span>eserves <span class=\"_ _1\"></span>which are r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed by<span class=\"_ _0\"></span>, and operate under the pro<span class=\"_ _1\"></span>visions of<span class=\"_ _1\"></span>, UK company<span class=\"_ _1\"></span> law<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>The merger<span class=\"_ _0\"></span> reserve arose, due <span class=\"_ _1\"></span>to the pr<span class=\"_ _1\"></span>ovisions o<span class=\"_ _1\"></span>f UK compan<span class=\"_ _1\"></span>y law<span class=\"_ _1\"></span> at <span class=\"_ _1\"></span>the time, on a gr<span class=\"_ _1\"></span>oup restructuring on 12 May<span class=\"_ _1\"></span> 1989 when <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> became the par<span class=\"_ _1\"></span>ent entity of<span class=\"_ _0\"></span> the Group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-369": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs4c5\">43. <span class=\"_ _33\"></span>Own shares<span class=\"_ _393\"> </span></div><div class=\"gs5f\"><table class=\"s w4c h110\" id=\"_b24141ea-83c0-4a13-b4fa-477a6ab738ba\"><tr><td></td><td></td><td></td><td class=\"t m0 x9d0 h4e y3db4 ff49 fs4 fc1 sc0 ls0 ws0\">The Group and the Compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x9d1 h4e y3db5 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>reasury </td><td class=\"t m0 x314 h4e y3db5 ff49 fs4 fc1 sc0 ls0 ws0\">ESOP </td><td class=\"t m0 x9d2 h4e y3db5 ff49 fs4 fc1 sc0 ls0 ws0\">Irrevocable authority<span class=\"_ _1\"></span> </td><td></td><td></td><td class=\"t m0 x316 h4e y3db5 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 x9d3 h4e y3db6 ff49 fs4 fc1 sc0 ls0 ws0\">shares<span class=\"_ _393\"> </span></td><td class=\"t m0 x9d4 h4e y3db6 ff49 fs4 fc1 sc0 ls0 ws0\">shares<span class=\"_ _393\"> </span></td><td class=\"t m0 x315 h4e y3db6 ff49 fs4 fc1 sc0 ls0 ws0\">to purchase<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x9d5 y3c5e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x9d6 y3c5e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x9d7 y3c5e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9d8 y3c5e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w226 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2023<span class=\"_ _393\"> </span></div></td><td class=\"c n x9d9 y3c3c w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">54.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x9da y3c3c w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.6<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9db y3c3c w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9dc y3c3c w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">75.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w27e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Shares purchased<span class=\"_ _393\"> </span></div></td><td class=\"c n x9dd y3c3d w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">76.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x9de y3c3d w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.9<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9df y3c3d w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e0 y3c3d w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">89.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w27f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Options ex<span class=\"_ _1\"></span>ercised<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e1 y3c3e w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e2 y3c3e w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.2)<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x891 y3c3e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e3 y3c3e w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(13.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w8c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Shares cancelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e4 y3c60 w99 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(110.0)<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9e5 y3c60 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x9e6 y3c60 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(110.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3db7 ff4a fs4 fc1 sc0 ls0 ws0\">Irrevoc<span class=\"_ _1\"></span>able authority<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c41 w280 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Given in year<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e7 y3c41 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x9e8 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e9 y3c41 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x9ea y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c42 w281 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Exercised / expir<span class=\"_ _1\"></span>ed in year<span class=\"_ _393\"> </span></div></td><td class=\"c n x9eb y3c42 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9ec y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x531 y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ed y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x9d9 y3c43 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x9da y3c43 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ee y3c43 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23.8<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9ea y3c43 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w27e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Shares purchased<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ef y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">124.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9f0 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9f1 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9f2 y3c63 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">132.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w27f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Options ex<span class=\"_ _1\"></span>ercised<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e1 y3c4e w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(6.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e2 y3c4e w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(9.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9e3 y3c4e w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(16.0)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w8c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Shares cancelled<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e4 y3c4f w99 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(104.2)<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x229 y3c4f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e5 y3c4f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x9f3 y3c4f w1a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(104.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3db8 ff4a fs4 fc1 sc0 ls0 ws0\">Irrevoc<span class=\"_ _1\"></span>able authority<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c50 w280 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Given in year<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e7 y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x875 y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9e9 y3c50 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x9f4 y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c65 w281 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Exercised / expir<span class=\"_ _1\"></span>ed in year<span class=\"_ _393\"> </span></div></td><td class=\"c n x9eb y3c65 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9ec y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9f5 y3c65 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(23.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9f6 y3c65 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(23.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w184 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">At 30 Sep<span class=\"_ _1\"></span>tember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x9f7 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">30.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x9f8 y3c48 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x53d y3c48 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n x9f9 y3c48 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">53.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4c6\">At 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>the number of<span class=\"_ _0\"></span> the Company\u2019<span class=\"_ _0\"></span>s own shares held in tr<span class=\"_ _1\"></span>easury<span class=\"_ _1\"></span> was 3,<span class=\"_ _1\"></span>418,725 (2024: 2,<span class=\"_ _0\"></span>124,<span class=\"_ _0\"></span>162). These shar<span class=\"_ _1\"></span>es had a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4c7\">nominal v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> \u00a33,418,725 (202<span class=\"_ _1\"></span>4: \u00a32,<span class=\"_ _1\"></span>124,<span class=\"_ _0\"></span>162). These shar<span class=\"_ _1\"></span>es do not qualify<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> dividends.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4c8\">The ESOP<span class=\"_ _1\"></span> shares ar<span class=\"_ _1\"></span>e held in trust <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the benefit of<span class=\"_ _0\"></span> employees exer<span class=\"_ _1\"></span>cising their<span class=\"_ _0\"></span> options under the Company\u2019<span class=\"_ _0\"></span>s share op<span class=\"_ _1\"></span>tion schemes </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4c9\">and awar<span class=\"_ _1\"></span>ds under <span class=\"_ _1\"></span>the Parag<span class=\"_ _1\"></span>on PSP and Def<span class=\"_ _1\"></span>erred Shar<span class=\"_ _1\"></span>e Bonus Plan. <span class=\"_ _1\"></span>The trustees<span class=\"_ _1\"></span>\u2019 costs are included in <span class=\"_ _1\"></span>the operating expenses of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4ca\">the Group. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4cb\">At 30 Sept<span class=\"_ _1\"></span>ember 2025, <span class=\"_ _1\"></span>the trust held 3,432,<span class=\"_ _1\"></span>947 or<span class=\"_ _1\"></span>dinary shar<span class=\"_ _1\"></span>es (2024: 4,<span class=\"_ _0\"></span>182,232) with a nominal v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> \u00a33,432,947 (202<span class=\"_ _1\"></span>4: \u00a34,<span class=\"_ _0\"></span>182,232) </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4cc\">and a market <span class=\"_ _0\"></span>value of \u00a329<span class=\"_ _1\"></span>,780<span class=\"_ _1\"></span>,815 (2024: \u00a332,516,854). Op<span class=\"_ _1\"></span>tions, or other<span class=\"_ _1\"></span> shar<span class=\"_ _1\"></span>e-based awar<span class=\"_ _1\"></span>ds, wer<span class=\"_ _0\"></span>e outstanding against all these </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs3e6\">shares at 30 Sep<span class=\"_ _1\"></span>tember 2025 (2024: all). <span class=\"_ _0\"></span>The dividends on all these shares hav<span class=\"_ _1\"></span>e been w<span class=\"_ _1\"></span>aived (2024: all).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-370": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs4ce\">44. <span class=\"_ _33\"></span>Equity<span class=\"_ _1\"></span> dividend<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4cf\">Amounts recognised as distributions <span class=\"_ _1\"></span>to equity shar<span class=\"_ _1\"></span>eholders in <span class=\"_ _1\"></span>the Group and <span class=\"_ _1\"></span>the Company in <span class=\"_ _1\"></span>the period:<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s w14f he0\" id=\"_5ed2d58a-8a5d-4852-a6ba-e38771e3f42f\"><tr><td></td><td class=\"c n x4e2 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c4e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x9fa y3c4f w282 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Per share<span class=\"_ _393\"> </span></div></td><td class=\"c n x9fb y3c4f w283 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Per share<span class=\"_ _393\"> </span></div></td><td class=\"c n x9fc y3c4f w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x9fd y3c4f w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h94 y3db9 ff66 fs4 fc1 sc0 ls0 ws0\">Equity dividends on ordinary shares<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w284 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Final dividend for the pre<span class=\"_ _1\"></span>vious year<span class=\"_ _393\"> </span></div></td><td class=\"c n x781 y3c62 w285 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\"><span>27.2</span>p<span class=\"_ _393\"> </span></div></td><td class=\"c n x9fe y3c62 w3e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\"><span>26.4</span>p<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ff y3c62 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">54.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xa00 y3c62 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">56.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w286 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Interim dividend f<span class=\"_ _1\"></span>or the current y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></div></td><td class=\"c n xa01 y3c65 w285 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\"><span>13.6</span>p<span class=\"_ _393\"> </span></div></td><td class=\"c n x802 y3c65 w3e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\"><span>13.2</span>p<span class=\"_ _393\"> </span></div></td><td class=\"c n xa02 y3c65 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x35f y3c65 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x85d y3c48 w285 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\"><span>40.8</span>p<span class=\"_ _393\"> </span></div></td><td class=\"c n xa03 y3c48 w3e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\"><span>39.6</span>p<span class=\"_ _393\"> </span></div></td><td class=\"c n xa04 y3c48 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa05 y3c48 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">83.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4d0\">Amounts paid and proposed in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year:<span class=\"_ _393\"> </span></div><div class=\"gs4d1\"><table class=\"s w14f hf6\" id=\"_91578b35-0753-4d9a-8cc8-f09c5a9f2f92\"><tr><td></td><td class=\"c n x4e2 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x9fa y3c98 w282 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Per share<span class=\"_ _393\"> </span></div></td><td class=\"c n x9fb y3c98 w283 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Per share<span class=\"_ _393\"> </span></div></td><td class=\"c n x9fc y3c98 w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x9fd y3c98 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w286 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Interim dividend f<span class=\"_ _1\"></span>or the current y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></div></td><td class=\"c n xa06 y3c62 w285 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.6p<span class=\"_ _393\"> </span></div></td><td class=\"c n xa07 y3c62 w3e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13.2p<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ca y3c62 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w287 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Proposed final dividend f<span class=\"_ _1\"></span>or the current year<span class=\"_ _393\"> </span></div></td><td class=\"c n xa08 y3c65 w285 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\"><span>30.3</span>p<span class=\"_ _393\"> </span></div></td><td class=\"c n xa09 y3c65 w3e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\"><span>27.2</span>p<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0a y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\"><span>57.7<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x62a y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\"><span>55.6<span class=\"_ _393\"> </span></span></div></td></tr><tr><td></td><td class=\"c n x85d y3c48 w285 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">43.9p<span class=\"_ _393\"> </span></div></td><td class=\"c n xa03 y3c48 w3e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">40.4p<span class=\"_ _393\"> </span></div></td><td class=\"c n xa04 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa05 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">83.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4d2\">The proposed <span class=\"_ _1\"></span>final dividend for<span class=\"_ _0\"></span> the year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 will be paid on 6 Mar<span class=\"_ _1\"></span>ch 2026, subject <span class=\"_ _1\"></span>to appro<span class=\"_ _1\"></span>val at <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>AGM, <span class=\"_ _1\"></span>with </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4d3\">a recor<span class=\"_ _1\"></span>d date of<span class=\"_ _1\"></span> 6 F<span class=\"_ _0\"></span>ebruary 2026. The dividend <span class=\"_ _1\"></span>will be r<span class=\"_ _1\"></span>ecognised in the accounts when it<span class=\"_ _1\"></span> is paid.<span class=\"_ _393\"> </span></div>(c<span class=\"_ _0\"></span>)  <span class=\"_ _b2\"> </span>Dividend and distribution policy<span class=\"_ _393\"> </span>The Company<span class=\"_ _1\"></span> is committed to a long<span class=\"_ _1\"></span>-term sustainable dividend polic<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. Ordinarily<span class=\"_ _0\"></span>, dividends will increase in line <span class=\"_ _1\"></span>with earnings, subject to the r<span class=\"_ _1\"></span>equirements o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the business and the av<span class=\"_ _1\"></span>ailability o<span class=\"_ _1\"></span>f cash r<span class=\"_ _1\"></span>esources. <span class=\"_ _1\"></span>The Boar<span class=\"_ _1\"></span>d re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>s the policy<span class=\"_ _1\"></span> at least <span class=\"_ _1\"></span>twice a y<span class=\"_ _1\"></span>ear in advance of<span class=\"_ _1\"></span> announcing its r<span class=\"_ _1\"></span>esults, taking into account <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s strategy<span class=\"_ _0\"></span>, capital requirements, principal risks and <span class=\"_ _1\"></span>the objective of<span class=\"_ _1\"></span> enhancing shareholder v<span class=\"_ _1\"></span>alue.<span class=\"_ _393\"> </span>In determining the le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f dividend f<span class=\"_ _1\"></span>or an<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the Boar<span class=\"_ _1\"></span>d expects to <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span> the dividend polic<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, but will also <span class=\"_ _1\"></span>take int<span class=\"_ _1\"></span>o account the lev<span class=\"_ _1\"></span>el of a<span class=\"_ _1\"></span>vailable r<span class=\"_ _1\"></span>etained earnings in the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, its cash resour<span class=\"_ _1\"></span>ces and the cash and capital r<span class=\"_ _1\"></span>equirements inher<span class=\"_ _0\"></span>ent in its business plans. In addition to <span class=\"_ _1\"></span>the payment of<span class=\"_ _1\"></span> dividends, the Boar<span class=\"_ _1\"></span>d may<span class=\"_ _1\"></span> also consider <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> it is appropriate <span class=\"_ _1\"></span>to apply<span class=\"_ _1\"></span> excess capital in <span class=\"_ _1\"></span>the market pur<span class=\"_ _0\"></span>chase of the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s shares.<span class=\"_ _393\"> </span>The distributable reserv<span class=\"_ _1\"></span>es of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> comprise its pr<span class=\"_ _1\"></span>ofit and loss account balance (no<span class=\"_ _1\"></span>te 42) and, other<span class=\"_ _1\"></span> than the r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> requir<span class=\"_ _1\"></span>ement t<span class=\"_ _1\"></span>o retain an appr<span class=\"_ _1\"></span>opriate lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> capital in Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C, ther<span class=\"_ _1\"></span>e are no r<span class=\"_ _0\"></span>estrictions preventing pr<span class=\"_ _1\"></span>ofits else<span class=\"_ _1\"></span>where in <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>from being distributed <span class=\"_ _1\"></span>to the par<span class=\"_ _1\"></span>ent.<span class=\"_ _393\"> </span>Since the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2018, the Company<span class=\"_ _1\"></span> has adopted a polic<span class=\"_ _1\"></span>y of<span class=\"_ _0\"></span> paying out approximately<span class=\"_ _0\"></span> 40% of its basic earnings per shar<span class=\"_ _1\"></span>e as dividend (a dividend co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> ratio of<span class=\"_ _1\"></span> around 2.5 <span class=\"_ _1\"></span>times), in <span class=\"_ _1\"></span>the absence of<span class=\"_ _1\"></span> any idios<span class=\"_ _1\"></span>yncratic f<span class=\"_ _1\"></span>actors which might mak<span class=\"_ _0\"></span>e such a dividend inappropriate. <span class=\"_ _0\"></span>This policy is r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed by<span class=\"_ _1\"></span> the Boar<span class=\"_ _1\"></span>d at least annually<span class=\"_ _0\"></span>. The Company<span class=\"_ _1\"></span> considers it has access <span class=\"_ _1\"></span>to sufficient cash resour<span class=\"_ _1\"></span>ces to pa<span class=\"_ _1\"></span>y dividends at <span class=\"_ _1\"></span>this lev<span class=\"_ _1\"></span>el and that its distributable r<span class=\"_ _1\"></span>eserves ar<span class=\"_ _1\"></span>e abundant f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>this purpose.<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o pr<span class=\"_ _1\"></span>ovide gr<span class=\"_ _1\"></span>eater <span class=\"_ _1\"></span>transpar<span class=\"_ _1\"></span>ency<span class=\"_ _0\"></span>, the Board also adopted a polic<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> paying an interim dividend in each <span class=\"_ _0\"></span>year equivalent <span class=\"_ _1\"></span>to half<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the preceding <span class=\"_ _1\"></span>final dividend in the absence of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> factors <span class=\"_ _1\"></span>which might mak<span class=\"_ _1\"></span>e such a distribution inappropriate. F<span class=\"_ _0\"></span>or <span class=\"_ _1\"></span>the current <span class=\"_ _0\"></span>year<span class=\"_ _1\"></span>, based on its re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s capital position and for<span class=\"_ _1\"></span>ecasts, the Boar<span class=\"_ _1\"></span>d determined <span class=\"_ _1\"></span>that an interim dividend in line with <span class=\"_ _1\"></span>this policy<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as appropriate. It <span class=\"_ _1\"></span>ther<span class=\"_ _1\"></span>efore declar<span class=\"_ _0\"></span>ed an interim dividend for <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear o<span class=\"_ _1\"></span>f 13.<span class=\"_ _1\"></span>6p per shar<span class=\"_ _1\"></span>e (2024: 13.2p per<span class=\"_ _1\"></span> share<span class=\"_ _1\"></span>). T<span class=\"_ _1\"></span>he Board also confirmed that the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s normal approach of pa<span class=\"_ _1\"></span>ying an interim dividend of<span class=\"_ _1\"></span> 50% of <span class=\"_ _1\"></span>the pr<span class=\"_ _1\"></span>eceding year\u2019<span class=\"_ _0\"></span>s final dividend <span class=\"_ _1\"></span>would continue <span class=\"_ _1\"></span>to apply in future year<span class=\"_ _1\"></span>s.<span class=\"_ _393\"> </span>The appropriat<span class=\"_ _1\"></span>e level o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>final dividend for<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as considered b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Board in light of<span class=\"_ _0\"></span> economic and regulatory dev<span class=\"_ _1\"></span>elopments in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, and the v<span class=\"_ _1\"></span>arious potential paths <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the UK econom<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. In particular <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision in the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s loan portfolios and the po<span class=\"_ _1\"></span>tential for<span class=\"_ _0\"></span> further pro<span class=\"_ _1\"></span>vision under str<span class=\"_ _0\"></span>ess in the event o<span class=\"_ _1\"></span>f a <span class=\"_ _1\"></span>worsening UK economic position <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e considered b<span class=\"_ _1\"></span>y the Board. <span class=\"_ _1\"></span>These <span class=\"_ _1\"></span>were compar<span class=\"_ _0\"></span>ed to the regulat<span class=\"_ _1\"></span>ory capital position at <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear end along <span class=\"_ _1\"></span>with the capital impacts o<span class=\"_ _1\"></span>f str<span class=\"_ _1\"></span>ess testing carried out as part of<span class=\"_ _1\"></span> the ICAAP<span class=\"_ _1\"></span> and f<span class=\"_ _1\"></span>orecasting pr<span class=\"_ _1\"></span>ocesses, and the pot<span class=\"_ _1\"></span>ential impacts of ong<span class=\"_ _1\"></span>oing dev<span class=\"_ _1\"></span>elopments in the r<span class=\"_ _1\"></span>egulatory regime <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> capital including the intr<span class=\"_ _1\"></span>oduction in the UK o<span class=\"_ _1\"></span>f Basel 3.<span class=\"_ _0\"></span>1. The Board particularly<span class=\"_ _1\"></span> consider<span class=\"_ _1\"></span>ed the appr<span class=\"_ _1\"></span>opriateness of including ne<span class=\"_ _1\"></span>t losses relating <span class=\"_ _1\"></span>to fair<span class=\"_ _0\"></span> value adjustments fr<span class=\"_ _1\"></span>om hedging in the calculation of an<span class=\"_ _1\"></span>y dividend or<span class=\"_ _1\"></span> distribution, as these primarily<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>esult fr<span class=\"_ _1\"></span>om the r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>ersal of g<span class=\"_ _1\"></span>ains recor<span class=\"_ _1\"></span>ded in earlier <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span>s which w<span class=\"_ _1\"></span>ere disregar<span class=\"_ _1\"></span>ded, at <span class=\"_ _1\"></span>the time, f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the purpose of<span class=\"_ _1\"></span> determining dividends. Given <span class=\"_ _1\"></span>the size of<span class=\"_ _1\"></span> such adjustments in the period, <span class=\"_ _1\"></span>the Board concluded that <span class=\"_ _1\"></span>their inclusion <span class=\"_ _1\"></span>was not<span class=\"_ _1\"></span> consistent with its o<span class=\"_ _1\"></span>verar<span class=\"_ _1\"></span>ching aim of<span class=\"_ _1\"></span> delivering a sustainable dividend <span class=\"_ _1\"></span>which grow<span class=\"_ _1\"></span>s with <span class=\"_ _1\"></span>the earnings of <span class=\"_ _1\"></span>the business. <span class=\"_ _1\"></span>This is in line with <span class=\"_ _1\"></span>the approach adop<span class=\"_ _1\"></span>ted in pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ears.<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or the curr<span class=\"_ _1\"></span>ent y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>the Board consider<span class=\"_ _1\"></span>ed the char<span class=\"_ _1\"></span>ge made f<span class=\"_ _1\"></span>or historical mot<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>finance commission liabilities, in conjunction with <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s current and <span class=\"_ _1\"></span>forecast<span class=\"_ _1\"></span> capital positions and concluded that <span class=\"_ _1\"></span>the current <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> impact of<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>ovision could be disr<span class=\"_ _1\"></span>egar<span class=\"_ _1\"></span>ded for<span class=\"_ _1\"></span> the purpose of de<span class=\"_ _1\"></span>termining the dividend <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. This appr<span class=\"_ _1\"></span>oach maintains an appropriate r<span class=\"_ _1\"></span>eturn <span class=\"_ _1\"></span>to shareholders on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s activities in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, while also being affor<span class=\"_ _1\"></span>dable in terms o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s capital management strategy<span class=\"_ _0\"></span>. On the basis of<span class=\"_ _1\"></span> this analy<span class=\"_ _1\"></span>sis the Boar<span class=\"_ _1\"></span>d concluded that a <span class=\"_ _1\"></span>total dividend of<span class=\"_ _1\"></span> around 40% o<span class=\"_ _1\"></span>f earnings ex<span class=\"_ _1\"></span>cluding fair<span class=\"_ _0\"></span> value items could be paid.<span class=\"_ _393\"> </span>The Board <span class=\"_ _1\"></span>will ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e propose a <span class=\"_ _1\"></span>final dividend for<span class=\"_ _0\"></span> the year<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> 30.3p per<span class=\"_ _1\"></span> shar<span class=\"_ _1\"></span>e (2024: 27<span class=\"_ _0\"></span>.2p per shar<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>) for<span class=\"_ _1\"></span> appro<span class=\"_ _1\"></span>val at <span class=\"_ _1\"></span>the 2026 <span class=\"_ _1\"></span>AGM, making a total dividend <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> 43.9p per<span class=\"_ _1\"></span> share (2024: 40<span class=\"_ _1\"></span>.4p per<span class=\"_ _1\"></span> share<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span>In the pr<span class=\"_ _1\"></span>eceding financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, ended 30 September 202<span class=\"_ _1\"></span>4, a shar<span class=\"_ _1\"></span>e buy-back pr<span class=\"_ _1\"></span>ogramme of<span class=\"_ _1\"></span> up to \u00a3100<span class=\"_ _1\"></span>.0m had been authorised. <span class=\"_ _0\"></span>At the end of <span class=\"_ _1\"></span>the period \u00a376.<span class=\"_ _1\"></span>6m had been expended, with <span class=\"_ _1\"></span>the remainder<span class=\"_ _1\"></span> completed in <span class=\"_ _1\"></span>the current <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. A shar<span class=\"_ _1\"></span>e buy-back<span class=\"_ _1\"></span> programme <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, for<span class=\"_ _1\"></span> up to \u00a350<span class=\"_ _1\"></span>.0m o<span class=\"_ _1\"></span>f or<span class=\"_ _1\"></span>dinary shar<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>as authorised at the <span class=\"_ _1\"></span>time of<span class=\"_ _1\"></span> the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s 2024 results announcement. <span class=\"_ _1\"></span>This <span class=\"_ _1\"></span>was extended <span class=\"_ _1\"></span>to \u00a3100.<span class=\"_ _0\"></span>0m in June 2025. T<span class=\"_ _1\"></span>his amount w<span class=\"_ _1\"></span>as fully<span class=\"_ _1\"></span> utilised during the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. The to<span class=\"_ _1\"></span>tal amount expended in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span> under these pr<span class=\"_ _1\"></span>ogrammes w<span class=\"_ _1\"></span>as \u00a3124.<span class=\"_ _1\"></span>7m (2024: \u00a376.6m<span class=\"_ _1\"></span>) (not<span class=\"_ _1\"></span>e 25).<span class=\"_ _393\"> </span>As part of<span class=\"_ _1\"></span> its consideration of<span class=\"_ _1\"></span> capital described above <span class=\"_ _1\"></span>the Board o<span class=\"_ _1\"></span>f Dir<span class=\"_ _1\"></span>ectors authorised a new<span class=\"_ _1\"></span> share buy<span class=\"_ _1\"></span>-back of<span class=\"_ _1\"></span> up to \u00a350<span class=\"_ _1\"></span>.0m <span class=\"_ _1\"></span>to commence shortly after<span class=\"_ _0\"></span> the announcement of <span class=\"_ _1\"></span>the 2025 results. <span class=\"_ _1\"></span>All shar<span class=\"_ _1\"></span>es acquired in buy-back<span class=\"_ _1\"></span> programmes ar<span class=\"_ _1\"></span>e initially<span class=\"_ _1\"></span> held in treasury<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The direct<span class=\"_ _1\"></span>ors have consider<span class=\"_ _1\"></span>ed the distributable r<span class=\"_ _1\"></span>esour<span class=\"_ _1\"></span>ces of <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> and concluded that <span class=\"_ _1\"></span>these distributions are appr<span class=\"_ _1\"></span>opriate.<span class=\"_ _393\"> </span>The most r<span class=\"_ _1\"></span>ecent policy<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _0\"></span>, in November 2025, also confirmed <span class=\"_ _1\"></span>the existing dividend policy<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>ould continue to apply<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>future periods, subject to <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e events, and <span class=\"_ _1\"></span>the Board <span class=\"_ _1\"></span>will consider<span class=\"_ _1\"></span> the appr<span class=\"_ _1\"></span>opriateness and scale of an<span class=\"_ _1\"></span>y interim dividend in the context<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s results and <span class=\"_ _1\"></span>the operating and economic envir<span class=\"_ _1\"></span>onment at the <span class=\"_ _1\"></span>time. Share buy<span class=\"_ _1\"></span>-backs will be consider<span class=\"_ _1\"></span>ed where ex<span class=\"_ _1\"></span>cess capital has arisen, either<span class=\"_ _1\"></span> operationally or<span class=\"_ _1\"></span> as a r<span class=\"_ _1\"></span>esult of chang<span class=\"_ _1\"></span>ed regulatory<span class=\"_ _0\"></span> requirements.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-430": {
   "value": "0.272",
   "decimals": 3,
   "dimensions": {
    "concept": "paragonbankingplc:FinalDividendForThePreviousYear",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-433": {
   "value": "0.264",
   "decimals": 3,
   "dimensions": {
    "concept": "paragonbankingplc:FinalDividendForThePreviousYear",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2023-10-01T00:00:00/2024-10-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-431": {
   "value": "0.136",
   "decimals": 3,
   "dimensions": {
    "concept": "paragonbankingplc:InterimDividendForTheCurrentYear",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-434": {
   "value": "0.132",
   "decimals": 3,
   "dimensions": {
    "concept": "paragonbankingplc:InterimDividendForTheCurrentYear",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2023-10-01T00:00:00/2024-10-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-432": {
   "value": "0.408",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-435": {
   "value": "0.396",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2023-10-01T00:00:00/2024-10-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-469": {
   "value": "0.303",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-470": {
   "value": "0.272",
   "decimals": 3,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2023-10-01T00:00:00/2024-10-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-471": {
   "value": "57700000.0",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-472": {
   "value": "55600000.0",
   "decimals": -5,
   "dimensions": {
    "concept": "ifrs-full:DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2023-10-01T00:00:00/2024-10-01T00:00:00",
    "unit": "iso4217:GBP"
   }
  },
  "fact-371": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs4d5\">45. <span class=\"_ _29\"></span>Net cash flo<span class=\"_ _0\"></span>w from oper<span class=\"_ _1\"></span>ating activities<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs4d6\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s wa2 h111\" id=\"_40ff87de-e428-4596-8e2a-6c8f5356791b\"><tr><td></td><td class=\"c n x36b y3c58 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c58 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c59 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c59 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5a w288 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Profit bef<span class=\"_ _1\"></span>ore tax<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0b y3c5a w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">256.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x205 y3c5a w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">253.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3dba ff4a fs4 fc1 sc0 ls0 ws0\">Non-cash items included in pr<span class=\"_ _1\"></span>ofit and other adjustments:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c35 w289 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation of operating pr<span class=\"_ _1\"></span>operty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3c35 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3c35 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c36 w28a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(Profit) on disposal of operating property<span class=\"_ _0\"></span>, plant and equipmen<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0c y3c36 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0d y3c36 w7f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cdc w28b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation of intangible assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x948 y3cdc w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0e y3cdc w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cdd w28c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Non-cash movements on inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3cdd w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">34.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x788 y3cdd w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(7.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c38 w28d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Non-cash movements on borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0f y3c38 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xa10 y3c38 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c39 w28e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment losses on loans to customers<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c39 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x43e y3c39 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c3a w28f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Charge for share-based r<span class=\"_ _1\"></span>emunera<span class=\"_ _1\"></span>tion<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c3a w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c3a w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3dbb ff4a fs4 fc1 sc0 ls0 ws0\">Net (increase) / decr<span class=\"_ _1\"></span>ease in operating assets:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c3c w290 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Assets held for leasing<span class=\"_ _393\"> </span></div></td><td class=\"c n xa11 y3c3c w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(6.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c3d wa7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customers<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a8 y3c3d w1a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(677.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa12 y3c3d w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(855.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c5f waf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivative financial instruments<span class=\"_ _393\"> </span></div></td><td class=\"c n x372 y3c5f w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x373 y3c5f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">223.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c60 w291 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value of portfolio hedg<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n xa13 y3c60 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(69.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa14 y3c60 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(304.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c40 w292 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other receivables<span class=\"_ _393\"> </span></div></td><td class=\"c n xa15 y3c40 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(6.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa16 y3c40 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">28.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3dbc ff4a fs4 fc1 sc0 ls0 ws0\">Net increase / (decr<span class=\"_ _1\"></span>ease) in operating liabilities:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c61 w293 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Retail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xa17 y3c61 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(32.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa18 y3c61 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3,032.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c63 waf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivative financial instruments<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c63 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(31.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa19 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">59.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w291 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value of portfolio hedg<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n xa13 y3c4e w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(11.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1a y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">47.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w294 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Provision for liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c4f w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d8 y3c4f w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 w295 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1b y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1c y3c45 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(236.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w296 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash genera<span class=\"_ _1\"></span>ted by oper<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1d y3c62 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(307.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b1 y3c62 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,286.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w297 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Income tax<span class=\"_ _0\"></span>es (paid)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f1 y3c65 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(69.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x39f y3c65 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(70.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7df y3c48 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(377.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1e y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,216.4<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4d7\">Cash flow<span class=\"_ _1\"></span>s relating <span class=\"_ _1\"></span>to plant and equipment held <span class=\"_ _1\"></span>for leasing under<span class=\"_ _0\"></span> operating leases are classified as operating cash flo<span class=\"_ _1\"></span>ws.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs4d9\">(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span></div><div class=\"gs4bf\"><table class=\"s w298 h100\" id=\"_c7e5d7cf-d65a-45cc-80e7-2a55a4527aa8\"><tr><td></td><td class=\"c n x3cb y3c3a w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c3a w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c3b w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c3b w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w288 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Profit bef<span class=\"_ _1\"></span>ore tax<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0b y3c5e w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">161.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x205 y3c5e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">165.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3dbd ff4a fs4 fc1 sc0 ls0 ws0\">Non-cash items included in pr<span class=\"_ _1\"></span>ofit and other adjustments:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c3e w299 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation on property<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3c3e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1f y3c3e w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c60 w28d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Non-cash movements on borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0f y3c60 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa10 y3c60 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c40 w29a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment provision on inves<span class=\"_ _1\"></span>tments in subsidiaries<span class=\"_ _393\"> </span></div></td><td class=\"c n xa20 y3c40 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x736 y3c40 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c41 w28f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Charge for share-based r<span class=\"_ _1\"></span>emunera<span class=\"_ _1\"></span>tion<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c41 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c41 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3d3f ff4a fs4 fc1 sc0 ls0 ws0\">Net decrease / (incr<span class=\"_ _1\"></span>ease) in operating assets: </td><td></td><td></td></tr><tr><td class=\"c n x262 y3c63 w292 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other receivables<span class=\"_ _393\"> </span></div></td><td class=\"c n xa21 y3c63 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">44.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xa22 y3c63 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3dbe ff4a fs4 fc1 sc0 ls0 ws0\">Net increase / (decr<span class=\"_ _1\"></span>ease) in operating liabilities:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c45 w295 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x401 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x402 y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w296 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash genera<span class=\"_ _1\"></span>ted by oper<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></div></td><td class=\"c n xa23 y3c50 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">213.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f8 y3c50 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">277.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w297 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Income tax<span class=\"_ _0\"></span>es (paid)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa24 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x59f y3c65 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">213.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">276.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs4da\">46. <span class=\"_ _33\"></span>Net cash flo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span> from in<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>esting activities<span class=\"_ _393\"> </span></div><div class=\"gs4db\"><table class=\"s w14f h112\" id=\"_59de4c6b-8a17-4df5-9bf8-6714a28d53c1\"><tr><td></td><td></td><td class=\"c n xa25 y3c61 w25b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></div></td><td class=\"c n xa26 y3c61 w25c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x4e2 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xa27 y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c4e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w29b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment in securities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa28 y3c4f w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(233.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa29 y3c4f w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(419.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2a y3c4f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2b y3c4f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w29c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Proceeds fr<span class=\"_ _1\"></span>om sales of operating pr<span class=\"_ _1\"></span>operty<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2c y3c98 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2d y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x999 y3c98 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2e y3c98 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w29d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchases of oper<span class=\"_ _1\"></span>ating property<span class=\"_ _0\"></span>, plant and equipment<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2f y3c62 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa30 y3c62 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa31 y3c62 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x446 y3c62 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w29e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchases of int<span class=\"_ _1\"></span>angible assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xa32 y3c65 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c8 y3c65 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x39b y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa33 y3c65 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w29f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Net cash (utilised) by in<span class=\"_ _1\"></span>vesting activities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa34 y3c48 w99 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(236.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa35 y3c48 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(424.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x565 y3c48 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa36 y3c48 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws6a gs4dd\">47<span class=\"_ _e\"></span>.  Net cash flow fr<span class=\"_ _1\"></span>om financing activities<span class=\"_ _393\"> </span></div><div class=\"gs69\"><table class=\"s w2a0 hdd\" id=\"_d81b8935-d3dc-43f7-a81a-97f0e0e5db9e\"><tr><td></td><td></td><td class=\"c n x950 y3c3d w25b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></div></td><td class=\"c n x951 y3c3d w25c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x952 y3c3e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x953 y3c3e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x954 y3c3e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x955 y3c3e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c3f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c3f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x956 y3c3f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c3f w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w87 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Dividends paid (note 44)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa37 y3c40 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(81.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa38 y3c40 w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(83.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa39 y3c40 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(81.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa3a y3c40 w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(83.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w2a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Repa<span class=\"_ _1\"></span>yment of asset back<span class=\"_ _1\"></span>ed floating r<span class=\"_ _1\"></span>ate notes<span class=\"_ _393\"> </span></div></td><td class=\"c n xa3b y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa3c y3c41 w25 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(28.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x824 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w2a2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Issue of cover<span class=\"_ _1\"></span>ed bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n x83f y3c42 w92 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">498.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xa3d y3c42 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2a y3c42 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2b y3c42 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w2a3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Repa<span class=\"_ _1\"></span>yment of ret<span class=\"_ _1\"></span>ail bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xa3e y3c43 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa3f y3c43 w1b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(112.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n x39b y3c43 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa40 y3c43 w1b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(112.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w2a4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Repa<span class=\"_ _1\"></span>yment of long-term centr<span class=\"_ _1\"></span>al bank facilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa41 y3c44 w99 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(500.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa42 y3c44 w79 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2,000.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x56c y3c44 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa43 y3c44 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2a5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Movement on short<span class=\"_ _0\"></span>-term central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa44 y3c4e w92 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">695.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c0 y3c4e w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa45 y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa46 y3c4e w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2a6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Movement on sale and r<span class=\"_ _1\"></span>epurchase agreemen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n xa47 y3c4f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa48 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x229 y3c4f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x22a y3c4f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w2a7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Capital element of lease pa<span class=\"_ _1\"></span>yments<span class=\"_ _393\"> </span></div></td><td class=\"c n xa49 y3c45 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa4a y3c45 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa4b y3c45 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa4c y3c45 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w2a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchase of own shares (not<span class=\"_ _1\"></span>e 43)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa4d y3c50 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(132.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa4e y3c50 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(89.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa4f y3c50 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(132.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x43a y3c50 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(89.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w8a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Exer<span class=\"_ _1\"></span>cise of share aw<span class=\"_ _1\"></span>ards<span class=\"_ _393\"> </span></div></td><td class=\"c n xa50 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xa51 y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xa52 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xa53 y3c47 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w2a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Net cash gener<span class=\"_ _1\"></span>ated / (utilised) b<span class=\"_ _1\"></span>y financing activities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa54 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">478.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xa55 y3c48 w79 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2,260.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa56 y3c48 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(214.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa57 y3c48 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(286.1)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs4df\">48. <span class=\"_ _33\"></span>R<span class=\"_ _1\"></span>econciliation of<span class=\"_ _1\"></span> net debt<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs4e0\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s w15e h113\" id=\"_6678f7a2-0fe7-431e-a641-2d0cfec5c935\"><tr><td></td><td></td><td class=\"t m0 xa58 h4e y3dbf ff49 fs4 fc1 sc0 ls0 ws0\">Cash flows<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xa59 h4e y3dc0 ff49 fs4 fc1 sc0 ls0 ws0\">Opening </td><td class=\"t m0 xa5a h4e y3dc0 ff49 fs4 fc1 sc0 ls0 ws0\">Debt </td><td class=\"c n xa5b y3dc1 w2aa hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n xa5c y3dc1 w2ab hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Non-cash<span class=\"_ _393\"> </span></div></td><td class=\"t m0 x9aa h4e y3dc0 ff49 fs4 fc1 sc0 ls0 ws0\">Closing </td></tr><tr><td></td><td class=\"t m0 xa5d h4e y3dc2 ff49 fs4 fc1 sc0 ls0 ws0\">debt<span class=\"_ _393\"> </span></td><td class=\"t m0 xa5e h4e y3dc2 ff49 fs4 fc1 sc0 ls0 ws0\">issued<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 xa5f h4e y3dc2 ff49 fs4 fc1 sc0 ls0 ws0\">movements<span class=\"_ _393\"> </span></td><td class=\"t m0 xa60 h4e y3dc2 ff49 fs4 fc1 sc0 ls0 ws0\">debt<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"c n xa61 y3dc3 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xa62 y3dc3 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xa63 y3dc3 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xa64 y3dc3 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xa65 y3dc3 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dc4 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3dc5 w63 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset back<span class=\"_ _1\"></span>ed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n xa66 y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa67 y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa68 y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa69 y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa2b y3dc5 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dc6 wd2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6a y3dc6 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6b y3dc6 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6c y3dc6 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6d y3dc6 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6e y3dc6 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dc7 w64 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6f y3dc7 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa70 y3dc7 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">498.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xa71 y3dc7 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa72 y3dc7 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x205 y3dc7 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d71 wd4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa73 y3d71 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa74 y3d71 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa75 y3d71 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa76 y3d71 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa77 y3d71 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dc8 w2ac hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Long-term centr<span class=\"_ _1\"></span>al bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa78 y3dc8 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa79 y3dc8 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7a y3dc8 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(500.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7b y3dc8 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x59c y3dc8 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">250.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d9f w2ad hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm centr<span class=\"_ _1\"></span>al bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7c y3d9f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7d y3d9f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7e y3d9f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">695.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x827 y3d9f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3d9f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">700.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da0 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xa7f y3da0 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa80 y3da0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa81 y3da0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa82 y3da0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa83 y3da0 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d8f w2ae hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa84 y3d8f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xa85 y3d8f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa86 y3d8f w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa87 y3d8f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xa88 y3d8f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dc9 w60 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa89 y3dc9 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8a y3dc9 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8b y3dc9 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8c y3dc9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3dc9 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dca w2af hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Gross debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8d y3dca w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,013.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8e y3dca w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">498.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xa8f y3dca w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">192.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa90 y3dca w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xa91 y3dca w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,706.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da4 w2b0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xa92 y3da4 w2b1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2,525.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa93 y3da4 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(498.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa94 y3da4 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">634.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x827 y3da4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa95 y3da4 w2b2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2,389.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w2b3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net (funds)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa96 y3c9b w2b4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1,512.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa97 y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa98 y3c9b w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">826.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xa99 y3c9b w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9a y3c9b w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(682.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dcb ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3f w63 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Asset back<span class=\"_ _1\"></span>ed loan notes<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9b y3c3f w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">28.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9c y3c3f w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9d y3c3f w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(28.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9e y3c3f w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xa9f y3c3f w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 wd2 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6a y3c40 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">145.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa0 y3c40 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa1 y3c40 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa2 y3c40 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa3 y3c40 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w64 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6f y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa79 y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa4 y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa5 y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa6 y3c41 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 wd4 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa7 y3c42 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">112.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa8 y3c42 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa9 y3c42 w1b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(112.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xaaa y3c42 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xaab y3c42 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w2ac hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Long-term centr<span class=\"_ _1\"></span>al bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xaac y3c43 w2b5 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,750.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xaad y3c43 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaae y3c43 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2,000.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x827 y3c43 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x23c y3c43 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">750.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w2ad hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm centr<span class=\"_ _1\"></span>al bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xaaf y3c63 w84 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6b y3c63 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xab0 y3c63 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xab1 y3c63 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xab2 y3c63 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w69 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xab3 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">50.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xab4 y3c4e w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xab5 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">50.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xab6 y3c4e w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x92f y3c4e w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2ae hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xa84 y3c4f wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xab7 y3c4f w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xab8 y3c4f w46 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xab9 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w60 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm bank borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xa89 y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa79 y3c45 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaba y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xabb y3c45 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xabc y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w2af hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Gross debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xabd y3c50 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3,095.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xa6b y3c50 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xabe y3c50 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2,088.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x1e6 y3c50 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xabf y3c50 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,013.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2b0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xa92 y3c65 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2,994.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xac0 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xac1 y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">468.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xac2 y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xac3 y3c65 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2,525.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w2b6 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Net debt / (funds)<span class=\"_ _393\"> </span></div></td><td class=\"c n xac4 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">101.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa67 y3c48 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xac5 y3c48 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1,619.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xac6 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xac7 y3c48 w79 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(1,512.2)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4e1\">Non-cash movements sho<span class=\"_ _1\"></span>wn abov<span class=\"_ _1\"></span>e repr<span class=\"_ _1\"></span>esent:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4e2\">\u2022 <span class=\"_ _6\"> </span>EIR adjustments relating t<span class=\"_ _1\"></span>o the spr<span class=\"_ _1\"></span>eading of initial costs o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the facilities concerned<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4e3\">\u2022 <span class=\"_ _6\"> </span>Inception of<span class=\"_ _1\"></span> new<span class=\"_ _1\"></span> lease assets under<span class=\"_ _1\"></span> IFRS 16<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4e4\">\u2022 <span class=\"_ _6\"> </span>Hedging fair<span class=\"_ _0\"></span> value adjustments on the corpor<span class=\"_ _1\"></span>ate bond (note 2<span class=\"_ _1\"></span>4)<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs4e6\">(b)  <span class=\"_ _dd\"> </span>The  Company </div><div class=\"gs4bf\"><table class=\"s w266 h114\" id=\"_9275512a-a20a-406f-8592-bdbc6ce87f1d\"><tr><td></td><td></td><td class=\"t m0 xac8 h4e y3dcc ff49 fs4 fc1 sc0 ls0 ws0\">Cash flows<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xac9 h4e y3dcd ff49 fs4 fc1 sc0 ls0 ws0\">Opening </td><td class=\"t m0 xaca h4e y3dcd ff49 fs4 fc1 sc0 ls0 ws0\">Debt </td><td class=\"c n xacb y3dce w2aa hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n xacc y3dce w2b7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Non-cash<span class=\"_ _393\"> </span></div></td><td class=\"t m0 x96d h4e y3dcd ff49 fs4 fc1 sc0 ls0 ws0\">Closing </td></tr><tr><td></td><td class=\"t m0 xacd h4e y3dcf ff49 fs4 fc1 sc0 ls0 ws0\">debt<span class=\"_ _393\"> </span></td><td class=\"t m0 xace h4e y3dcf ff49 fs4 fc1 sc0 ls0 ws0\">issued<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 xacf h4e y3dcf ff49 fs4 fc1 sc0 ls0 ws0\">movements </td><td class=\"t m0 xad0 h4e y3dcf ff49 fs4 fc1 sc0 ls0 ws0\">debt<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"c n xad1 y3dd0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xad2 y3dd0 w81 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xad3 y3dd0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xad4 y3dd0 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xad5 y3dd0 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3dd1 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc0 wd2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xad6 y3cc0 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xad7 y3cc0 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xad8 y3cc0 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xad9 y3cc0 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x44e y3cc0 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc1 wd4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xada y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xadb y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xadc y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xadd y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xade y3cc1 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dd2 w2ae hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xadf y3dd2 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xae0 y3dd2 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xae1 y3dd2 w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xae2 y3dd2 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3dd2 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc2 w2af hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Gross debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xae3 y3cc2 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">162.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xae4 y3cc2 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xae5 y3cc2 w48 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xae6 y3cc2 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x91d y3cc2 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dd3 w2b0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xae7 y3dd3 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(18.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xae8 y3dd3 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xae9 y3dd3 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xaea y3dd3 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaeb y3dd3 w31 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(17.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc4 w2b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xaec y3cc4 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xaed y3cc4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaee y3cc4 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xaef y3cc4 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x1ec y3cc4 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3dd4 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc7 wd2 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xad6 y3cc7 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf0 y3cc7 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf1 y3cc7 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf2 y3cc7 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3cc7 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dd5 wd4 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf3 y3dd5 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">112.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf4 y3dd5 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf5 y3dd5 w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(112.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf6 y3dd5 w49 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x446 y3dd5 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dd6 w2ae hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xadf y3dd6 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf7 y3dd6 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf8 y3dd6 w7f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(1.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xaf9 y3dd6 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a1 y3dd6 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cca w2af hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Gross debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xae3 y3cca w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">275.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xafa y3cca w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xafb y3cca w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(113.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xafc y3cca w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x1ec y3cca w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">162.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb w2b0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xae7 y3ccb w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(27.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n xafd y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xafe y3ccb w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">9.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xaff y3ccb w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x50f y3ccb w25 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(18.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w2b8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Net debt<span class=\"_ _393\"> </span></div></td><td class=\"c n xaec y3ccc w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">247.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xb00 y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb01 y3ccc w1b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">(104.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb02 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3ccc w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">143.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4e7\">Non-cash changes shown abo<span class=\"_ _1\"></span>ve r<span class=\"_ _1\"></span>epresent EIR adjustments relating <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>the spreading of<span class=\"_ _1\"></span> initial costs of<span class=\"_ _1\"></span> the bonds.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-372": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs4e9\">49<span class=\"_ _1\"></span>. <span class=\"_ _29\"></span>Unconsolidated structured entities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4ea\">F<span class=\"_ _0\"></span>ollowing the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s disposal of its r<span class=\"_ _1\"></span>esidual inter<span class=\"_ _1\"></span>est in the Par<span class=\"_ _1\"></span>agon Mortgages (No<span class=\"_ _1\"></span>. 12) PL<span class=\"_ _1\"></span>C securitisation in <span class=\"_ _1\"></span>June 2019, it ceased <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4eb\">consolidate the assets and liabilities o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the entity<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>The external securitisation borr<span class=\"_ _1\"></span>owings r<span class=\"_ _1\"></span>emain in place with their<span class=\"_ _0\"></span> terms unchanged </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4ec\">and the Gr<span class=\"_ _1\"></span>oup continues to act as administr<span class=\"_ _1\"></span>ator<span class=\"_ _0\"></span>, for <span class=\"_ _1\"></span>which it charg<span class=\"_ _1\"></span>es a fee. It has no other<span class=\"_ _0\"></span> exposure to <span class=\"_ _1\"></span>the pro<span class=\"_ _1\"></span>fitability of<span class=\"_ _1\"></span> the deal, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4ed\">no exposure <span class=\"_ _1\"></span>to cr<span class=\"_ _1\"></span>edit risk, other<span class=\"_ _1\"></span> than on the r<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>erability<span class=\"_ _1\"></span> of its quart<span class=\"_ _1\"></span>erly f<span class=\"_ _1\"></span>ee, and no obligation t<span class=\"_ _1\"></span>o make any<span class=\"_ _1\"></span> further<span class=\"_ _1\"></span> contribution t<span class=\"_ _1\"></span>o </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4ee\">the entity<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4ef\">F<span class=\"_ _0\"></span>ee income from servicing arrangements o<span class=\"_ _1\"></span>f \u00a30<span class=\"_ _1\"></span>.9m is included in other<span class=\"_ _1\"></span> income (no<span class=\"_ _1\"></span>te 7) (2024: \u00a30.<span class=\"_ _1\"></span>4m) and \u00a30<span class=\"_ _1\"></span>.0m is included in other<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4f0\">debtors in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> unpaid fees at <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear end (202<span class=\"_ _1\"></span>4: \u00a30.<span class=\"_ _0\"></span>1m). Outstanding collection monies due to <span class=\"_ _1\"></span>the structured entity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> \u00a30.2m </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4f1\">are included in other<span class=\"_ _0\"></span> creditors at 30 September<span class=\"_ _1\"></span> 2025 (2024: \u00a31.<span class=\"_ _0\"></span>1m).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfUnconsolidatedStructuredEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-373": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs4f3\">50. <span class=\"_ _33\"></span>Leasing arr<span class=\"_ _1\"></span>angements<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs4f4\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>As <span class=\"_ _2\"></span>Lessor<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4f5\">The Group<span class=\"_ _1\"></span>, thr<span class=\"_ _1\"></span>ough its motor<span class=\"_ _1\"></span> finance and asset <span class=\"_ _1\"></span>finance businesses, leases assets under bo<span class=\"_ _1\"></span>th finance and operating leases. In r<span class=\"_ _1\"></span>espect </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4f6\">of certain o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these assets, the Gr<span class=\"_ _1\"></span>oup also pro<span class=\"_ _1\"></span>vides maintenance services t<span class=\"_ _1\"></span>o the lessee.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4f7\">It also leases green mo<span class=\"_ _1\"></span>tor <span class=\"_ _1\"></span>vehicles <span class=\"_ _1\"></span>to its employ<span class=\"_ _1\"></span>ees under a salary<span class=\"_ _1\"></span> sacrifice scheme.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4f8\">Disclosures in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> these balances ar<span class=\"_ _1\"></span>e set out in <span class=\"_ _1\"></span>these financial statements as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span></div><div class=\"gs4f9\"><table class=\"s w2b9 h115\" id=\"_9ed0464a-bf29-43f7-8443-36d6e82db2f8\"><tr><td class=\"c n x1a7 y3d2f w2ba hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Disclosure<span class=\"_ _393\"> </span></div></td><td class=\"c n xb03 y3d2f w2bb hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w2bc hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment in finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n xb04 y3c98 w33 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">17<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w2bd hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Finance income on net inv<span class=\"_ _1\"></span>estment in finance leases<span class=\"_ _393\"> </span></div></td><td class=\"c n xb05 y3c62 w16 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2be hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Assets leased under opera<span class=\"_ _1\"></span>ting leases<span class=\"_ _393\"> </span></div></td><td class=\"c n xb06 y3c65 w76 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 wbb hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Operating lease inc<span class=\"_ _1\"></span>ome<span class=\"_ _393\"> </span></div></td><td class=\"c n xb07 y3c48 w16 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4fa\">The undiscounted futur<span class=\"_ _1\"></span>e minimum lease payments r<span class=\"_ _1\"></span>eceivable b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group under<span class=\"_ _1\"></span> operating lease arrang<span class=\"_ _1\"></span>ements may<span class=\"_ _1\"></span> be analysed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws1b gs4fb\">as follow<span class=\"_ _1\"></span>s:<span class=\"_ _393\"> </span></div><div class=\"gs4fc\"><table class=\"s w2bf heb\" id=\"_a205a36a-2acc-43e9-83fa-6373f0a997a5\"><tr><td></td><td class=\"c n x3cb y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c97 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c97 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dd7 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts falling due:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w13a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xb08 y3c63 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w13b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within one to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xb09 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0a y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w13c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within two to three y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w13d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within three to f<span class=\"_ _1\"></span>our year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0b y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x9ba y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w13e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Within four to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c62 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d5 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2c0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">After more than fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e2 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0c y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x778 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">43.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x779 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs4fd\">(b)  <span class=\"_ _dd\"> </span>As  Lessee<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4fe\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s use of<span class=\"_ _1\"></span> leases as a lessee relates <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>ental of<span class=\"_ _1\"></span> office buildings and company<span class=\"_ _1\"></span> cars, tog<span class=\"_ _1\"></span>ether <span class=\"_ _1\"></span>with the pr<span class=\"_ _1\"></span>ocur<span class=\"_ _1\"></span>ement of </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws60 gs4ff\">vehicles f<span class=\"_ _1\"></span>or leasing <span class=\"_ _1\"></span>to employ<span class=\"_ _1\"></span>ees under its gr<span class=\"_ _1\"></span>een car<span class=\"_ _1\"></span> scheme. Under IFRS 16 these ha<span class=\"_ _1\"></span>ve been accounted f<span class=\"_ _1\"></span>or as right<span class=\"_ _1\"></span> of use assets and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs500\">corresponding lease liabilities.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs501\">The av<span class=\"_ _1\"></span>erage <span class=\"_ _1\"></span>term of <span class=\"_ _1\"></span>the current<span class=\"_ _1\"></span> building leases fr<span class=\"_ _1\"></span>om inception or acquisition is 8 <span class=\"_ _1\"></span>years (202<span class=\"_ _1\"></span>4: 7 y<span class=\"_ _1\"></span>ears) <span class=\"_ _1\"></span>with rents subject <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>eview<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs502\">ev<span class=\"_ _1\"></span>ery <span class=\"_ _1\"></span>five <span class=\"_ _1\"></span>years, <span class=\"_ _1\"></span>while the av<span class=\"_ _1\"></span>erage <span class=\"_ _1\"></span>term of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>vehicle leases is 4 <span class=\"_ _1\"></span>years (2024: 4 <span class=\"_ _1\"></span>years<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs503\">The Company\u2019<span class=\"_ _0\"></span>s use of leases as lessee is limit<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the rental of<span class=\"_ _1\"></span> an office building <span class=\"_ _1\"></span>from a subsidiary<span class=\"_ _1\"></span> entity<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>The lease term <span class=\"_ _1\"></span>from </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs504\">inception is 15 y<span class=\"_ _1\"></span>ears.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs505\">Disclosures r<span class=\"_ _1\"></span>elating to <span class=\"_ _1\"></span>these leases are se<span class=\"_ _1\"></span>t out in these <span class=\"_ _1\"></span>financial statements as follo<span class=\"_ _1\"></span>ws.<span class=\"_ _393\"> </span></div><div class=\"gs506\"><table class=\"s w2c1 h116\" id=\"_cb4c978d-519d-4eff-a5ac-e2f879728729\"><tr><td class=\"c n x1a7 y3dd8 w2ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Disclosure<span class=\"_ _393\"> </span></div></td><td class=\"c n xb03 y3dd8 w2bb hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2c2 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Depreciation on right of use asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0d y3c4e w33 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2c3 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est expense on lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0e y3c4f w16 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w2c4 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Expense relating t<span class=\"_ _1\"></span>o short-t<span class=\"_ _1\"></span>erm leases<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0f y3c45 w16 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w2c5 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Additions to right of use assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xb10 y3c50 w33 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w2c6 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount of right of use assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xb06 y3c47 w76 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w2c7 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Maturity analysis of lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xb06 y3c48 w76 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">60<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs507\">Salary sacrifice amounts of<span class=\"_ _0\"></span> \u00a30.5m in respect of<span class=\"_ _1\"></span> the gr<span class=\"_ _1\"></span>een car<span class=\"_ _1\"></span> scheme (2024: \u00a30.3m<span class=\"_ _1\"></span>) are included <span class=\"_ _1\"></span>within operating lease income (no<span class=\"_ _1\"></span>te 6). </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs508\">There <span class=\"_ _1\"></span>was no o<span class=\"_ _1\"></span>ther subleasing of<span class=\"_ _1\"></span> right of<span class=\"_ _1\"></span> use assets and the <span class=\"_ _1\"></span>total cash <span class=\"_ _1\"></span>flows r<span class=\"_ _1\"></span>elating to leasing as a lessee <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e \u00a33.<span class=\"_ _0\"></span>1m (2024: \u00a33.0m).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaturityAnalysisOfOperatingLeasePaymentsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-374": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws32 gs50a\">51. <span class=\"_ _135\"> </span>Related party transactions<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs50b\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs50c\">During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, certain directors of<span class=\"_ _0\"></span> the Company <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e beneficially inter<span class=\"_ _1\"></span>ested in savings deposits made <span class=\"_ _1\"></span>with Parag<span class=\"_ _1\"></span>on Bank, on the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs50d\">same terms as <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e available <span class=\"_ _1\"></span>to members of<span class=\"_ _1\"></span> the public. Deposits o<span class=\"_ _1\"></span>f \u00a31,<span class=\"_ _1\"></span>785,000 <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e outstanding at the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end (2024: \u00a3850,<span class=\"_ _0\"></span>000), </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs50e\">and the maximum amounts outstanding during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>totalled \u00a31,904<span class=\"_ _1\"></span>,000 (2024: \u00a3939<span class=\"_ _0\"></span>,000).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs50f\">F<span class=\"_ _0\"></span>or other member<span class=\"_ _1\"></span>s of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s executiv<span class=\"_ _1\"></span>e committees, the <span class=\"_ _1\"></span>total amount of<span class=\"_ _0\"></span> retail deposits outstanding at the period end <span class=\"_ _1\"></span>was </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs510\">\u00a31,036,<span class=\"_ _1\"></span>000 (2024: \u00a3663,000<span class=\"_ _1\"></span>) and the maximum amount outstanding in <span class=\"_ _1\"></span>the period w<span class=\"_ _1\"></span>as \u00a31,547<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>000.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs511\">The Parag<span class=\"_ _1\"></span>on Pension Plan (the \u2018Plan<span class=\"_ _1\"></span>\u2019) is a related party<span class=\"_ _0\"></span> of the Gr<span class=\"_ _1\"></span>oup. <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>ransactions <span class=\"_ _1\"></span>with the Plan ar<span class=\"_ _1\"></span>e described in note 56.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs512\">The Group had no o<span class=\"_ _1\"></span>ther <span class=\"_ _1\"></span>transactions with r<span class=\"_ _1\"></span>elated parties other<span class=\"_ _1\"></span> than <span class=\"_ _1\"></span>the ke<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement compensation disclosed in note 54<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd6 gs513\">(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs514\">During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the Company<span class=\"_ _1\"></span> entered int<span class=\"_ _1\"></span>o transactions <span class=\"_ _1\"></span>with its subsidiaries, which ar<span class=\"_ _1\"></span>e related parties. Manag<span class=\"_ _1\"></span>ement services w<span class=\"_ _1\"></span>ere </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs515\">pro<span class=\"_ _1\"></span>vided to <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> one of its subsidiaries and <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> granted aw<span class=\"_ _1\"></span>ards t<span class=\"_ _1\"></span>o employees o<span class=\"_ _1\"></span>f subsidiary<span class=\"_ _1\"></span> undertakings under </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs516\">the share-based pa<span class=\"_ _1\"></span>yment arrangements described in note 55.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs517\">Details of<span class=\"_ _1\"></span> the Company\u2019<span class=\"_ _0\"></span>s investments in subsidiaries and <span class=\"_ _1\"></span>the income derived <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>them are sho<span class=\"_ _1\"></span>wn in notes 30 and 68.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs518\">Outstanding current account balances <span class=\"_ _1\"></span>with subsidiaries ar<span class=\"_ _1\"></span>e shown in notes 25 and 37<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs519\">During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span> incurred interest costs of<span class=\"_ _0\"></span> \u00a31.6m in respect of<span class=\"_ _1\"></span> borro<span class=\"_ _1\"></span>wings fr<span class=\"_ _1\"></span>om its subsidiaries (2024: \u00a31.7m<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs51a\">The Company<span class=\"_ _1\"></span> leased an office building fr<span class=\"_ _1\"></span>om a subsidiary entity<span class=\"_ _0\"></span> (note 50(b)). Finance char<span class=\"_ _1\"></span>ges recognised in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> this lease <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs51b\">\u00a30.3m (2024: \u00a30<span class=\"_ _1\"></span>.3m).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-436": {
   "value": "51. <span class=\"_ _135\"> </span>Related party transactions<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>The <span class=\"_ _2\"></span>Group<span class=\"_ _393\"> </span>During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, certain directors of<span class=\"_ _0\"></span> the Company <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e beneficially inter<span class=\"_ _1\"></span>ested in savings deposits made <span class=\"_ _1\"></span>with Parag<span class=\"_ _1\"></span>on Bank, on the same terms as <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e available <span class=\"_ _1\"></span>to members of<span class=\"_ _1\"></span> the public. Deposits o<span class=\"_ _1\"></span>f \u00a31,<span class=\"_ _1\"></span>785,000 <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e outstanding at the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end (2024: \u00a3850,<span class=\"_ _0\"></span>000), and the maximum amounts outstanding during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>totalled \u00a31,904<span class=\"_ _1\"></span>,000 (2024: \u00a3939<span class=\"_ _0\"></span>,000).<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or other member<span class=\"_ _1\"></span>s of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s executiv<span class=\"_ _1\"></span>e committees, the <span class=\"_ _1\"></span>total amount of<span class=\"_ _0\"></span> retail deposits outstanding at the period end <span class=\"_ _1\"></span>was \u00a31,036,<span class=\"_ _1\"></span>000 (2024: \u00a3663,000<span class=\"_ _1\"></span>) and the maximum amount outstanding in <span class=\"_ _1\"></span>the period w<span class=\"_ _1\"></span>as \u00a31,547<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>000.<span class=\"_ _393\"> </span>The Parag<span class=\"_ _1\"></span>on Pension Plan (the \u2018Plan<span class=\"_ _1\"></span>\u2019) is a related party<span class=\"_ _0\"></span> of the Gr<span class=\"_ _1\"></span>oup. <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>ransactions <span class=\"_ _1\"></span>with the Plan ar<span class=\"_ _1\"></span>e described in note 56.<span class=\"_ _393\"> </span>The Group had no o<span class=\"_ _1\"></span>ther <span class=\"_ _1\"></span>transactions with r<span class=\"_ _1\"></span>elated parties other<span class=\"_ _1\"></span> than <span class=\"_ _1\"></span>the ke<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement compensation disclosed in note 54<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>(b)  <span class=\"_ _dd\"> </span>The  Company<span class=\"_ _393\"> </span>During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the Company<span class=\"_ _1\"></span> entered int<span class=\"_ _1\"></span>o transactions <span class=\"_ _1\"></span>with its subsidiaries, which ar<span class=\"_ _1\"></span>e related parties. Manag<span class=\"_ _1\"></span>ement services w<span class=\"_ _1\"></span>ere pro<span class=\"_ _1\"></span>vided to <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> one of its subsidiaries and <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> granted aw<span class=\"_ _1\"></span>ards t<span class=\"_ _1\"></span>o employees o<span class=\"_ _1\"></span>f subsidiary<span class=\"_ _1\"></span> undertakings under the share-based pa<span class=\"_ _1\"></span>yment arrangements described in note 55.<span class=\"_ _393\"> </span>Details of<span class=\"_ _1\"></span> the Company\u2019<span class=\"_ _0\"></span>s investments in subsidiaries and <span class=\"_ _1\"></span>the income derived <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>them are sho<span class=\"_ _1\"></span>wn in notes 30 and 68.<span class=\"_ _393\"> </span>Outstanding current account balances <span class=\"_ _1\"></span>with subsidiaries ar<span class=\"_ _1\"></span>e shown in notes 25 and 37<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span> incurred interest costs of<span class=\"_ _0\"></span> \u00a31.6m in respect of<span class=\"_ _1\"></span> borro<span class=\"_ _1\"></span>wings fr<span class=\"_ _1\"></span>om its subsidiaries (2024: \u00a31.7m<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span>The Company<span class=\"_ _1\"></span> leased an office building fr<span class=\"_ _1\"></span>om a subsidiary entity<span class=\"_ _0\"></span> (note 50(b)). Finance char<span class=\"_ _1\"></span>ges recognised in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> this lease <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e \u00a30.3m (2024: \u00a30<span class=\"_ _1\"></span>.3m).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-375": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs51d\">52. <span class=\"_ _29\"></span>Country-by<span class=\"_ _1\"></span>-country<span class=\"_ _1\"></span> reporting<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs51e\">The Capital Requir<span class=\"_ _1\"></span>ements (Country<span class=\"_ _1\"></span>-by-Country<span class=\"_ _1\"></span> Reporting) R<span class=\"_ _1\"></span>egulations 2013 came into effect on 1 <span class=\"_ _0\"></span>January 2014 and place certain </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs51f\">reporting obligations on <span class=\"_ _1\"></span>financial institutions as defined by<span class=\"_ _1\"></span> EU Regulation No<span class=\"_ _1\"></span>. 575/2013 (the capital requir<span class=\"_ _1\"></span>ements regulation<span class=\"_ _1\"></span>). <span class=\"_ _1\"></span>The </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs520\">objective of<span class=\"_ _1\"></span> the country<span class=\"_ _1\"></span>-by-country<span class=\"_ _1\"></span> reporting r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ements is to pr<span class=\"_ _1\"></span>ovide incr<span class=\"_ _1\"></span>eased transpar<span class=\"_ _1\"></span>ency<span class=\"_ _1\"></span> reg<span class=\"_ _1\"></span>arding <span class=\"_ _1\"></span>the source of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>financial </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs521\">institution\u2019<span class=\"_ _0\"></span>s income and the locations of<span class=\"_ _1\"></span> its operations. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs522\">Paragon Banking Gr<span class=\"_ _1\"></span>oup PL<span class=\"_ _0\"></span>C is a UK registered entity<span class=\"_ _0\"></span>. Details of its subsidiaries ar<span class=\"_ _1\"></span>e given in no<span class=\"_ _1\"></span>te 68 and the activities of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup ar<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs523\">described in Section A2. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs524\">The activities of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, described as requir<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the R<span class=\"_ _1\"></span>egulations for<span class=\"_ _0\"></span> the year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 w<span class=\"_ _1\"></span>ere:<span class=\"_ _393\"> </span></div><div class=\"gs525\"><table class=\"s w2c8 h117\" id=\"_0edc1f5f-abcf-40e9-a498-f53af7c9d447\"><tr><td></td><td class=\"t m0 xb11 h4e y3dd9 ff49 fs4 fc1 sc0 ls0 ws0\">United Kingdom<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8e9 h4e y3dda ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></td></tr><tr><td class=\"t m0 x1d4 h4e y3ddb ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2025<span class=\"_ _393\"> </span></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e w9b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating income<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fa y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">515.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2c9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Profit bef<span class=\"_ _1\"></span>ore t<span class=\"_ _1\"></span>ax<span class=\"_ _393\"> </span></div></td><td class=\"c n xb12 y3c4f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">256.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w2ca hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporation t<span class=\"_ _1\"></span>ax paid<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c98 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">69.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w2cb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Public subsidies received<span class=\"_ _393\"> </span></div></td><td class=\"c n x824 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w2cc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age number of full time equiv<span class=\"_ _1\"></span>alent employees<span class=\"_ _393\"> </span></div></td><td class=\"c n xb13 y3c48 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,326<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs526\"><table class=\"s w2ce h118\" id=\"_88095ecb-6e2a-4473-a8a9-172f17b7af99\"><tr><td></td><td class=\"t m0 xb11 h4e y3ddc ff49 fs4 fc1 sc0 ls0 ws0\">United Kingdom<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"t m0 x8e9 h4e y3ddd ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></td></tr><tr><td class=\"t m0 x1d4 h4e y3dde ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ear ended 30 September 2024<span class=\"_ _393\"> </span></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e w9b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal oper<span class=\"_ _1\"></span>ating income<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fa y3c4e w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">496.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2c9 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Profit bef<span class=\"_ _1\"></span>ore t<span class=\"_ _1\"></span>ax<span class=\"_ _393\"> </span></div></td><td class=\"c n xb12 y3c4f w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">253.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w2ca hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Corporation t<span class=\"_ _1\"></span>ax paid<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c45 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">70.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w2cb hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Public subsidies received<span class=\"_ _393\"> </span></div></td><td class=\"c n x824 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w2cc hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age number of full time equiv<span class=\"_ _1\"></span>alent employees<span class=\"_ _393\"> </span></div></td><td class=\"c n xb13 y3c48 w2cf hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,356<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs527\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s participation in Bank of<span class=\"_ _1\"></span> England funding schemes is set out<span class=\"_ _1\"></span> in note 35.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-437": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 wsda gs529\">53. Emplo<span class=\"_ _1\"></span>yees<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs52a\">The av<span class=\"_ _1\"></span>erage number<span class=\"_ _1\"></span> of per<span class=\"_ _1\"></span>sons (including directors<span class=\"_ _1\"></span>) employ<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as <span>1,400</span> (2024: 1,444). <span class=\"_ _0\"></span>The number of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs52b\">employees at<span class=\"_ _1\"></span> the end of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as 1,411 (2024: 1,411).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs52c\">Costs incurred during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> these emplo<span class=\"_ _1\"></span>yees <span class=\"_ _1\"></span>were:<span class=\"_ _393\"> </span></div><div class=\"gs52d\"><table class=\"s w14f h103\" id=\"_44261e1a-b38c-4c5b-9565-603adf54fedf\"><tr><td></td><td class=\"c n x4e2 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c5e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c5e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w2d0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share-based remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n xb14 y3c3c w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e6 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c3d w2d1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other wages and salaries<span class=\"_ _393\"> </span></div></td><td class=\"c n xb15 y3c3d w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">87.3<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x783 y3c3d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">86.5<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c3e w2d2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal wag<span class=\"_ _1\"></span>es and salaries<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb16 y3c3e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">95.4<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x9ea y3c3e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w2d3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">National Insurance on shar<span class=\"_ _1\"></span>e-based remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n xb17 y3c60 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb18 y3c60 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.4<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c40 w2d4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other social security costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x781 y3c40 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.6<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x328 y3c40 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.5<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w2d5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal social security cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x470 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.8<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x41d y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w2d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Defined benefit pension cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x52b y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 w2d7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other pension costs<span class=\"_ _393\"> </span></div></td><td class=\"c n xb19 y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1a y3c43 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w2d8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal pension cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x35a y3c63 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1b y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2d9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal employmen<span class=\"_ _1\"></span>t costs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1c y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">114.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1d y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">114.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c62 w2da hec\"><div class=\"t m0 x19e h52 y3cd5 ff4a fs4 fc1 sc0 ls0 ws0\">Of which<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in operating e<span class=\"_ _1\"></span>xpenses (note 8)<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1e y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">110.2<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1f y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2db hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in maintenance cos<span class=\"_ _1\"></span>ts (note 6)<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb20 y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb21 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4cb y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">114.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb22 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">114.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs52e\">Details of<span class=\"_ _1\"></span> the pension schemes operated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group ar<span class=\"_ _1\"></span>e given in no<span class=\"_ _1\"></span>te 56.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs52f\">The Company<span class=\"_ _1\"></span> has no employ<span class=\"_ _1\"></span>ees. Details of <span class=\"_ _1\"></span>the dir<span class=\"_ _1\"></span>ectors\u2019 r<span class=\"_ _1\"></span>emuneration ar<span class=\"_ _1\"></span>e given in note 54<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-376": {
   "value": "53. Emplo<span class=\"_ _1\"></span>yees<span class=\"_ _393\"> </span>The av<span class=\"_ _1\"></span>erage number<span class=\"_ _1\"></span> of per<span class=\"_ _1\"></span>sons (including directors<span class=\"_ _1\"></span>) employ<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as <span>1,400</span> (2024: 1,444). <span class=\"_ _0\"></span>The number of<span class=\"_ _1\"></span> employees at<span class=\"_ _1\"></span> the end of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as 1,411 (2024: 1,411).<span class=\"_ _393\"> </span>Costs incurred during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> these emplo<span class=\"_ _1\"></span>yees <span class=\"_ _1\"></span>were:<span class=\"_ _393\"> </span><table class=\"s w14f h103\" id=\"_44261e1a-b38c-4c5b-9565-603adf54fedf\"><tr><td></td><td class=\"c n x4e2 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c5d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c5e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c5e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w2d0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share-based remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n xb14 y3c3c w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3e6 y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c3d w2d1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other wages and salaries<span class=\"_ _393\"> </span></div></td><td class=\"c n xb15 y3c3d w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">87.3<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x783 y3c3d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">86.5<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c3e w2d2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal wag<span class=\"_ _1\"></span>es and salaries<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb16 y3c3e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">95.4<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x9ea y3c3e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w2d3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">National Insurance on shar<span class=\"_ _1\"></span>e-based remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n xb17 y3c60 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb18 y3c60 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.4<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c40 w2d4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other social security costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x781 y3c40 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.6<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x328 y3c40 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.5<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w2d5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal social security cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x470 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.8<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x41d y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w2d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Defined benefit pension cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x52b y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 w2d7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other pension costs<span class=\"_ _393\"> </span></div></td><td class=\"c n xb19 y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1a y3c43 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w2d8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal pension cos<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x35a y3c63 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1b y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2d9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal employmen<span class=\"_ _1\"></span>t costs<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1c y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">114.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1d y3c4e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">114.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c62 w2da hec\"><div class=\"t m0 x19e h52 y3cd5 ff4a fs4 fc1 sc0 ls0 ws0\">Of which<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in operating e<span class=\"_ _1\"></span>xpenses (note 8)<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1e y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">110.2<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb1f y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2db hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included in maintenance cos<span class=\"_ _1\"></span>ts (note 6)<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb20 y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb21 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4cb y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">114.5<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb22 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">114.8<span class=\"_ _393\"> </span></div></td></tr></table>Details of<span class=\"_ _1\"></span> the pension schemes operated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group ar<span class=\"_ _1\"></span>e given in no<span class=\"_ _1\"></span>te 56.<span class=\"_ _393\"> </span>The Company<span class=\"_ _1\"></span> has no employ<span class=\"_ _1\"></span>ees. Details of <span class=\"_ _1\"></span>the dir<span class=\"_ _1\"></span>ectors\u2019 r<span class=\"_ _1\"></span>emuneration ar<span class=\"_ _1\"></span>e given in note 54<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs5ef\">56. <span class=\"_ _33\"></span>Retirement bene<span class=\"_ _1\"></span>fit obligations<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs5f0\">(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Defined benefit plan \u2013 description<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5f1\">The Group oper<span class=\"_ _1\"></span>ates a funded defined benefit<span class=\"_ _1\"></span> pension scheme in the UK, the P<span class=\"_ _1\"></span>aragon P<span class=\"_ _1\"></span>ension Plan (the \u2018Plan\u2019). <span class=\"_ _0\"></span>The Plan assets are held </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5f2\">in a separate fund, administ<span class=\"_ _1\"></span>ered by<span class=\"_ _0\"></span> a corporate trustee, to mee<span class=\"_ _1\"></span>t long-term pension liabilities <span class=\"_ _1\"></span>to past and pr<span class=\"_ _1\"></span>esent employ<span class=\"_ _1\"></span>ees. T<span class=\"_ _1\"></span>he T<span class=\"_ _e\"></span>rustee </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5f3\">of <span class=\"_ _1\"></span>the Plan is requir<span class=\"_ _0\"></span>ed by law <span class=\"_ _1\"></span>to act in <span class=\"_ _1\"></span>the best interests o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s beneficiaries and is responsible <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the inv<span class=\"_ _1\"></span>estment policy<span class=\"_ _1\"></span> adopted in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5f4\">respect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s assets. T<span class=\"_ _1\"></span>he appointment of<span class=\"_ _1\"></span> directors <span class=\"_ _1\"></span>to the <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>rustee is determined by<span class=\"_ _1\"></span> the Plan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s trust documentation. T<span class=\"_ _1\"></span>he Group has </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5f5\">a policy<span class=\"_ _1\"></span> that one <span class=\"_ _1\"></span>third of<span class=\"_ _1\"></span> all direct<span class=\"_ _1\"></span>ors of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee should be nominated b<span class=\"_ _1\"></span>y activ<span class=\"_ _1\"></span>e and pensioner members o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan.<span class=\"_ _393\"> </span> </div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls8 ws0 gs5f7\">Employ<span class=\"_ _1\"></span>ee contributions and benefits<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5f8\">The scheme w<span class=\"_ _1\"></span>as closed to ne<span class=\"_ _1\"></span>w entr<span class=\"_ _1\"></span>ants in F<span class=\"_ _1\"></span>ebruary<span class=\"_ _1\"></span> 2002. Employees <span class=\"_ _1\"></span>who are member<span class=\"_ _1\"></span>s of <span class=\"_ _1\"></span>the Plan are entitled <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>eceive a pension </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5f9\">of 1/60 o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>their <span class=\"_ _1\"></span>final basic annual salary per<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> of service up <span class=\"_ _1\"></span>to 30 <span class=\"_ _1\"></span>June 2021. A<span class=\"_ _1\"></span>fter<span class=\"_ _1\"></span> that date <span class=\"_ _1\"></span>further accrual is at a r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> 1/70 or 1/75 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5fa\">of capped <span class=\"_ _1\"></span>final salary depending on <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> contributions. A<span class=\"_ _1\"></span>fter 1 <span class=\"_ _0\"></span>July 2021 employee contributions <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e either 5% or<span class=\"_ _0\"></span> 8% of capped </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5fb\">salary<span class=\"_ _1\"></span>. Befor<span class=\"_ _1\"></span>e that dat<span class=\"_ _1\"></span>e all active members contributed at a r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> 5% of salary<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5fc\">Benefits accrued befor<span class=\"_ _1\"></span>e 1 <span class=\"_ _1\"></span>July 2021 may<span class=\"_ _0\"></span> be accessed from the ag<span class=\"_ _1\"></span>e of 60 <span class=\"_ _1\"></span>without any<span class=\"_ _1\"></span> reduction <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> early pa<span class=\"_ _1\"></span>yment. Benefits accruing after </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5fd\">1 July<span class=\"_ _0\"></span> 2021 may be accessed without penalty<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om the ag<span class=\"_ _1\"></span>e of 65.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5fe\">Dependants of Plan member<span class=\"_ _1\"></span>s are eligible <span class=\"_ _1\"></span>for a dependant\u2019<span class=\"_ _0\"></span>s pension and the pa<span class=\"_ _1\"></span>yment of<span class=\"_ _1\"></span> a lump sum in the e<span class=\"_ _1\"></span>vent of<span class=\"_ _1\"></span> death in service.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls8 ws0 gs5ff\">Actuarial risks<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs600\">The principal actuarial risks t<span class=\"_ _1\"></span>o which <span class=\"_ _1\"></span>the Plan is exposed are:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws59 gs601\">\u2022 <span class=\"_ _6\"> </span><span class=\"ff13 wsdb\"> Inves<span class=\"_ _1\"></span>tment <span class=\"_ _7\"> </span>risk<span class=\"ff6 ws0\"> \u2013 T<span class=\"_ _1\"></span>he present <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the defined benefit liabilities is calculated using a discount r<span class=\"_ _1\"></span>ate set by<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>ference <span class=\"_ _1\"></span>to high </span></span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs602\">quality corporat<span class=\"_ _1\"></span>e bond yields. If<span class=\"_ _1\"></span> plan assets underperform corporat<span class=\"_ _1\"></span>e bonds, this will r<span class=\"_ _0\"></span>educe the surplus. The strat<span class=\"_ _1\"></span>egic allocation </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs603\">of asse<span class=\"_ _1\"></span>ts under <span class=\"_ _1\"></span>the Plan has been derisked and no<span class=\"_ _1\"></span>w only<span class=\"_ _1\"></span> around 20% is inv<span class=\"_ _1\"></span>ested in equity<span class=\"_ _1\"></span> assets and diversified gr<span class=\"_ _1\"></span>owth funds. In </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs604\">consultation with <span class=\"_ _1\"></span>the Company<span class=\"_ _0\"></span>, the T<span class=\"_ _e\"></span>rustee keeps the allocation of<span class=\"_ _1\"></span> the Plan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s investments under<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> to manage <span class=\"_ _1\"></span>this risk on a<span class=\"ls0\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs605\">long-term basis<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws59 gs606\">\u2022 <span class=\"_ _6\"> </span><span class=\"ff13 ls12 wsdc\"> Interest <span class=\"_ _b6\"> </span>risk<span class=\"ff6 ws0\"> \u2013 A<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>all in corporate bond yields <span class=\"_ _1\"></span>would r<span class=\"_ _1\"></span>educe the discount r<span class=\"_ _1\"></span>ate used in v<span class=\"_ _1\"></span>aluing the Plan liabilities and incr<span class=\"_ _1\"></span>ease the <span class=\"_ _1\"></span>value </span></span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls12 ws0 gs607\">of <span class=\"_ _1\"></span>the Plan liabilities. <span class=\"_ _1\"></span>The Plan assets w<span class=\"_ _1\"></span>ould also be expected <span class=\"_ _1\"></span>to increase, <span class=\"_ _1\"></span>to the ext<span class=\"_ _1\"></span>ent that bond assets ar<span class=\"_ _1\"></span>e held, but <span class=\"_ _1\"></span>this would no<span class=\"_ _1\"></span>t be </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls12 ws0 gs608\">expected t<span class=\"_ _1\"></span>o fully<span class=\"_ _1\"></span> match the incr<span class=\"_ _1\"></span>ease in liabilities, given <span class=\"_ _1\"></span>the weighting <span class=\"_ _1\"></span>tow<span class=\"_ _1\"></span>ards equity<span class=\"_ _1\"></span> assets and diversified gr<span class=\"_ _1\"></span>owth <span class=\"_ _1\"></span>funds noted abov<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws59 gs609\">\u2022 <span class=\"_ _6\"> </span><span class=\"ff13 ls0 ws16\"> Inflation <span class=\"_ _7\"> </span>risk<span class=\"ff6 ws0\"> \u2013 Pensions in payment ar<span class=\"_ _0\"></span>e increased annually in line with <span class=\"_ _1\"></span>the RPI or<span class=\"_ _1\"></span> the Consumer<span class=\"_ _1\"></span> Price Index (\u2018CPI\u2019) f<span class=\"_ _1\"></span>or Guarant<span class=\"_ _1\"></span>eed </span></span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs60a\">Minimum Pensions built up since 1988. P<span class=\"_ _1\"></span>ensions built up since 5 <span class=\"_ _1\"></span>April 2006 are capped at 2.5% and pensions built up be<span class=\"_ _1\"></span>fore 6 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs60b\">April 2006 are capped at 5%. F<span class=\"_ _0\"></span>or emplo<span class=\"_ _1\"></span>yees <span class=\"_ _1\"></span>who have left<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> but hav<span class=\"_ _1\"></span>e deferr<span class=\"_ _1\"></span>ed pensions, these also r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>alue over<span class=\"_ _0\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs60c\">period to r<span class=\"_ _1\"></span>etir<span class=\"_ _1\"></span>ement, predominantly<span class=\"_ _1\"></span> in line with RPI. <span class=\"_ _0\"></span>Therefor<span class=\"_ _1\"></span>e, an increase in inflation <span class=\"_ _1\"></span>would also incr<span class=\"_ _1\"></span>ease the <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the pension </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs60d\">liabilities. T<span class=\"_ _1\"></span>he Plan assets w<span class=\"_ _1\"></span>ould also be expected to incr<span class=\"_ _1\"></span>ease, t<span class=\"_ _1\"></span>o the extent <span class=\"_ _1\"></span>that <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are link<span class=\"_ _1\"></span>ed to inflation, but <span class=\"_ _1\"></span>this may<span class=\"_ _1\"></span> not fully<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs60e\">match the incr<span class=\"_ _1\"></span>ease in liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws59 gs60f\">\u2022 <span class=\"_ _6\"> </span><span class=\"ff13 wsdb\"> Longe<span class=\"_ _1\"></span>vity <span class=\"_ _b6\"> </span>risk<span class=\"ff6 ws0\"> \u2013 The <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan surplus is calculated by<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>ference <span class=\"_ _1\"></span>to the best<span class=\"_ _1\"></span> estimate of <span class=\"_ _1\"></span>the mortality<span class=\"_ _1\"></span> rate among Plan </span></span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs610\">members both during and after<span class=\"_ _1\"></span> employment. <span class=\"_ _1\"></span>An incr<span class=\"_ _1\"></span>ease in the life expectanc<span class=\"_ _1\"></span>y o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the members w<span class=\"_ _1\"></span>ould reduce <span class=\"_ _1\"></span>the surplus in the Plan<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 wsdd gs611\">\u2022  <span class=\"_ _b5\"></span><span class=\"ff13 ws0\">Salary risk<span class=\"ff6\"> \u2013 <span class=\"_ _0\"></span>The valuation of<span class=\"_ _0\"></span> the Plan assumes a level of<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e salary<span class=\"_ _1\"></span> increases based on <span class=\"_ _1\"></span>the expected rate of<span class=\"_ _1\"></span> inflation. Should the </span></span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs612\">salaries of Plan member<span class=\"_ _1\"></span>s increase at a higher<span class=\"_ _1\"></span> rate, <span class=\"_ _1\"></span>then the surplus <span class=\"_ _1\"></span>will be lower<span class=\"_ _0\"></span>. F<span class=\"_ _0\"></span>or service fr<span class=\"_ _1\"></span>om 1 July<span class=\"_ _1\"></span> 2021, a 2.5% annual cap on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs613\">individual pensionable salary incr<span class=\"_ _1\"></span>eases applies, mitigating this risk<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs614\">The risks r<span class=\"_ _1\"></span>elating to death in service payments ar<span class=\"_ _1\"></span>e insur<span class=\"_ _1\"></span>ed with an external insur<span class=\"_ _1\"></span>ance company<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs615\">As a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan having been closed to ne<span class=\"_ _1\"></span>w entr<span class=\"_ _1\"></span>ants since F<span class=\"_ _0\"></span>ebruary 2002, the service cost as a per<span class=\"_ _1\"></span>centage of<span class=\"_ _1\"></span> pensionable salaries </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs616\">is expected t<span class=\"_ _1\"></span>o increase as <span class=\"_ _1\"></span>the averag<span class=\"_ _1\"></span>e age of<span class=\"_ _1\"></span> active members rises o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> time. Ho<span class=\"_ _1\"></span>wev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, the membership is expected <span class=\"_ _1\"></span>to reduce so <span class=\"_ _1\"></span>that </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs617\">the service cost in monetary<span class=\"_ _1\"></span> terms <span class=\"_ _1\"></span>will gradually r<span class=\"_ _1\"></span>educe. <span class=\"_ _1\"></span>The changes r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to abo<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>will also reduce <span class=\"_ _1\"></span>this cost going f<span class=\"_ _1\"></span>orwar<span class=\"_ _1\"></span>d.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls8 ws0 gs618\">Actuarial <span class=\"_ _1\"></span>valuation and reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> plan<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs619\">The most r<span class=\"_ _1\"></span>ecent full actuarial <span class=\"_ _1\"></span>valuation of<span class=\"_ _1\"></span> the Plan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s liabilities, obtained by <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee, <span class=\"_ _1\"></span>was carried out at 31 Mar<span class=\"_ _1\"></span>ch 2022, by<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Aon </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs61a\">Solutions UK Limited, <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s independent actuary<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>This showed <span class=\"_ _1\"></span>that <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s liabilities on a buy-out basis in accor<span class=\"_ _1\"></span>dance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs61b\">with Section 224 of<span class=\"_ _1\"></span> the P<span class=\"_ _1\"></span>ensions Act<span class=\"_ _1\"></span> 2004, the le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f assets <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ould be requir<span class=\"_ _1\"></span>ed to buy<span class=\"_ _1\"></span> insurance policies f<span class=\"_ _1\"></span>or benefits earned <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs61c\">the v<span class=\"_ _1\"></span>aluation date, w<span class=\"_ _1\"></span>as \u00a3195.5m, with a shortfall ag<span class=\"_ _1\"></span>ainst the assets of<span class=\"_ _0\"></span> \u00a344.2m (2019: \u00a385.0m). <span class=\"_ _1\"></span>The deficit on <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>echnical Pr<span class=\"_ _1\"></span>ovisions </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs61d\">Basis, the basis agr<span class=\"_ _1\"></span>eed by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee as being appr<span class=\"_ _1\"></span>opriate t<span class=\"_ _1\"></span>o meet member bene<span class=\"_ _1\"></span>fits, assuming the Plan continues as a going concern, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs61e\">was \u00a35.<span class=\"_ _0\"></span>1m (2019: \u00a318.2m). Many o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the demographic assumptions used <span class=\"_ _1\"></span>within the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>echnical Pr<span class=\"_ _1\"></span>ovisions Basis ar<span class=\"_ _1\"></span>e also used within <span class=\"_ _1\"></span>the<span class=\"ls0\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws49 gs61f\">IAS 19 valuation. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs620\">An updated v<span class=\"_ _1\"></span>aluation, as at 31 Mar<span class=\"_ _1\"></span>ch 2025, is in progr<span class=\"_ _1\"></span>ess, but w<span class=\"_ _1\"></span>as not complete at <span class=\"_ _1\"></span>the time o<span class=\"_ _1\"></span>f signing <span class=\"_ _1\"></span>these accounts. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs621\">conclusions of <span class=\"_ _1\"></span>the early<span class=\"_ _1\"></span> stages of<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>ocess have been incorporat<span class=\"_ _1\"></span>ed in the IAS 19 <span class=\"_ _1\"></span>valuation. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs622\">F<span class=\"_ _0\"></span>ollowing the agreement o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the 2022 actuarial v<span class=\"_ _1\"></span>aluation, the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee put<span class=\"_ _1\"></span> in place a re<span class=\"_ _1\"></span>vised reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> plan. This r<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>ery plan <span class=\"_ _1\"></span>was designed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs623\">to ensure <span class=\"_ _1\"></span>that the statut<span class=\"_ _1\"></span>ory funding objectiv<span class=\"_ _1\"></span>e w<span class=\"_ _1\"></span>as met during <span class=\"_ _1\"></span>the 2024 financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, but included provision <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup to mak<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs624\">further additional pa<span class=\"_ _1\"></span>yments after <span class=\"_ _1\"></span>that point. <span class=\"_ _1\"></span>The reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> plan continues to include a P<span class=\"_ _1\"></span>ension F<span class=\"_ _1\"></span>unding Partnership (\u2018PFP\u2019) arrang<span class=\"_ _1\"></span>ement </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs625\">effectively<span class=\"_ _0\"></span> granting the Plan a first charg<span class=\"_ _1\"></span>e ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s head office building as security <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> certain payments under <span class=\"_ _1\"></span>the plan (not<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs626\">27). Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, payments under<span class=\"_ _1\"></span> the PFP<span class=\"_ _1\"></span> are paused <span class=\"_ _1\"></span>when the Plan r<span class=\"_ _1\"></span>eaches a prescribed <span class=\"_ _1\"></span>funding lev<span class=\"_ _1\"></span>el, and this point <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>eached in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs627\">April 2024. No amount is included in <span class=\"_ _1\"></span>the Plan assets in respect<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the building, which r<span class=\"_ _0\"></span>emains within the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s Property<span class=\"_ _0\"></span>, Plant and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs628\">Equipment balance (<span class=\"_ _1\"></span>note 27) but <span class=\"_ _1\"></span>this arrangement pr<span class=\"_ _1\"></span>ovides <span class=\"_ _1\"></span>the Plan with additional security<span class=\"_ _1\"></span> in a stress e<span class=\"_ _1\"></span>vent. </div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs62a\">(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Defined benefit plan \u2013 financial impact<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs62b\">F<span class=\"_ _0\"></span>or accounting purposes, the <span class=\"_ _1\"></span>valuation at 31 Mar<span class=\"_ _1\"></span>ch 2022 w<span class=\"_ _1\"></span>as updated to 30 Sep<span class=\"_ _1\"></span>tember 2025 in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs62c\">IAS 19 (r<span class=\"_ _1\"></span>evised) b<span class=\"_ _1\"></span>y Mer<span class=\"_ _1\"></span>cer<span class=\"_ _0\"></span>, the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s independent consulting actuary<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m9 ha ff6 fs4 fc1 sc0 ls0 ws0 gs62d\">The major<span class=\"_ _1\"></span> categories of<span class=\"_ _1\"></span> assets in the Plan at 30 Sep<span class=\"_ _1\"></span>tember 2025, 30 Sep<span class=\"_ _1\"></span>tember 202<span class=\"_ _1\"></span>4 and 30 September 2023 and <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues w<span class=\"_ _1\"></span>ere:<span class=\"_ _393\"> </span></div><div class=\"gs62e\"><table class=\"s w33a h11f\" id=\"_b1cab04f-6dc3-4ae3-a07d-55061b34611e\"><tr><td></td><td class=\"c n x463 y3c61 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c61 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c61 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c63 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c63 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c63 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w33b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _393\"> </span></div></td><td class=\"c n xc00 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f2 y3c4e w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1b y3c4e w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w33c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Equity instrumen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x39a y3c4f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x494 y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">21.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">44.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w33d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Debt instruments<span class=\"_ _393\"> </span></div></td><td class=\"c n x470 y3c45 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c45 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">91.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c45 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">56.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w33e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal fair v<span class=\"_ _1\"></span>alue of Plan assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x887 y3c62 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">104.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc01 y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">113.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w33f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Present v<span class=\"_ _1\"></span>alue of Plan liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x32e y3c65 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(81.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9f5 y3c65 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(91.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc02 y3c65 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(89.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w340 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Surplus in the Plan<span class=\"_ _393\"> </span></div></td><td class=\"c n x470 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs62f\">The Group has r<span class=\"_ _1\"></span>ecognised the surplus as an asse<span class=\"_ _1\"></span>t at the balance sheet<span class=\"_ _1\"></span> date as it anticipates being able t<span class=\"_ _1\"></span>o access economic benefits </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs630\">at least as great<span class=\"_ _1\"></span> as the carrying <span class=\"_ _1\"></span>value, <span class=\"_ _1\"></span>with the Gr<span class=\"_ _1\"></span>oup ultimately able <span class=\"_ _1\"></span>to access any<span class=\"_ _1\"></span> remaining surplus in <span class=\"_ _1\"></span>the Plan once all benefits </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs631\">have been paid. Ho<span class=\"_ _1\"></span>we<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, such assets are eliminated fr<span class=\"_ _1\"></span>om capital f<span class=\"_ _1\"></span>or r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> purposes (note 57).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs632\">At 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>the Plan assets w<span class=\"_ _1\"></span>ere inv<span class=\"_ _1\"></span>ested in a diversified portf<span class=\"_ _1\"></span>olio that consisted primarily<span class=\"_ _0\"></span> of debt and equity<span class=\"_ _1\"></span> investments. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs633\">These are held in <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>orm of in<span class=\"_ _1\"></span>vestments in managed <span class=\"_ _1\"></span>funds, which ar<span class=\"_ _1\"></span>e not publicly<span class=\"_ _1\"></span> traded. <span class=\"_ _1\"></span>The majority<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the Plan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s equity </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs634\">investments ar<span class=\"_ _1\"></span>e in dev<span class=\"_ _1\"></span>eloped markets. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs635\">The Plan has a benchmark allocation at 30 Sept<span class=\"_ _1\"></span>ember 2025 of<span class=\"_ _1\"></span> 54% of<span class=\"_ _1\"></span> to<span class=\"_ _1\"></span>tal assets to Liability<span class=\"_ _1\"></span> Driven In<span class=\"_ _1\"></span>vestments (\u2018LDI\u2019) t<span class=\"_ _1\"></span>o provide </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs636\">hedging against inflation and inter<span class=\"_ _1\"></span>est rate risk (202<span class=\"_ _1\"></span>4: 54%). This <span class=\"_ _1\"></span>targe<span class=\"_ _1\"></span>t w<span class=\"_ _1\"></span>as maintained at this le<span class=\"_ _1\"></span>vel <span class=\"_ _1\"></span>throughout <span class=\"_ _1\"></span>the period (2024: 42%). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs637\">The hedging pro<span class=\"_ _1\"></span>vided now<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esents some 90% of<span class=\"_ _1\"></span> the Plan\u2019<span class=\"_ _0\"></span>s risks (2024: 85%), <span class=\"_ _1\"></span>with the incr<span class=\"_ _1\"></span>eased hedging prot<span class=\"_ _1\"></span>ecting the curr<span class=\"_ _1\"></span>ent </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs638\">surplus position.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs639\">During October 2018, <span class=\"_ _1\"></span>the High Court made a ruling in the Llo<span class=\"_ _1\"></span>yds Banking Gr<span class=\"_ _1\"></span>oup Pension Scheme GMP<span class=\"_ _1\"></span> (\u2018Guaranteed Minimum </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs63a\">Pension<span class=\"_ _1\"></span>\u2019) equalisation case, which eff<span class=\"_ _1\"></span>ectively dir<span class=\"_ _0\"></span>ects defined benefit pension schemes to change <span class=\"_ _1\"></span>their rules <span class=\"_ _1\"></span>to equalise the benefits </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs63b\">of male and <span class=\"_ _1\"></span>female members <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the effects o<span class=\"_ _1\"></span>f GMPs f<span class=\"_ _1\"></span>or emplo<span class=\"_ _1\"></span>yees <span class=\"_ _1\"></span>who wer<span class=\"_ _0\"></span>e, at one time, contracted out of<span class=\"_ _1\"></span> state schemes. <span class=\"_ _1\"></span>The </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs63c\">Court did not specify<span class=\"_ _1\"></span> a single method which schemes should emplo<span class=\"_ _1\"></span>y and hence <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> this on <span class=\"_ _1\"></span>the Plan will not be certain until </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs63d\">the T<span class=\"_ _e\"></span>rustee has determined which method should be adopt<span class=\"_ _1\"></span>ed and detailed calculations have been perf<span class=\"_ _1\"></span>ormed to e<span class=\"_ _1\"></span>valuate <span class=\"_ _1\"></span>the impact, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs63e\">as the impact on members <span class=\"_ _1\"></span>will v<span class=\"_ _1\"></span>ary <span class=\"_ _1\"></span>from per<span class=\"_ _1\"></span>son to person.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs63f\">The estimated effect<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>this ruling w<span class=\"_ _1\"></span>as accounted f<span class=\"_ _1\"></span>or in <span class=\"_ _1\"></span>the accounts of <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2019 as a \u2018past </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs640\">service cost\u2019<span class=\"_ _e\"></span>. This estimate is based on one permissible method, \u2018method C2\u2019<span class=\"_ _e\"></span>. During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee, <span class=\"_ _1\"></span>with the consent of<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs641\">Company<span class=\"_ _0\"></span>, chose to adopt an alternative appr<span class=\"_ _1\"></span>oach, \u2018method B\u2019<span class=\"_ _e\"></span>. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the accounting impact of<span class=\"_ _1\"></span> this is lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>to be minimal. Once </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs642\">detailed calculations are perf<span class=\"_ _1\"></span>ormed it is possible that <span class=\"_ _1\"></span>the final impact ma<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>vary<span class=\"_ _1\"></span> due to idios<span class=\"_ _1\"></span>yncratic impacts on individual members, or<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs643\">due to <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment of<span class=\"_ _1\"></span> a wider<span class=\"_ _1\"></span> legal and accounting consensus on the pr<span class=\"_ _1\"></span>oper<span class=\"_ _1\"></span> interpretation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the courts\u2019 r<span class=\"_ _1\"></span>equirements as <span class=\"_ _1\"></span>further </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs644\">cases are determined.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs645\">In June 2023, <span class=\"_ _1\"></span>the High Court made a ruling in the case o<span class=\"_ _1\"></span>f <span class=\"_ _0\"></span>Virgin Media, which related <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>validity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> changes made t<span class=\"_ _1\"></span>o a pension </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs646\">scheme wher<span class=\"_ _1\"></span>e an actuarial certificate could not be pr<span class=\"_ _1\"></span>oduced. In July<span class=\"_ _0\"></span> 2024, the Court of<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Appeal dismissed an appeal brought against<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs647\">aspects of <span class=\"_ _1\"></span>this ruling, and <span class=\"_ _1\"></span>the conclusions reached in <span class=\"_ _1\"></span>this case may ha<span class=\"_ _1\"></span>ve consequences <span class=\"_ _1\"></span>for o<span class=\"_ _1\"></span>ther UK<span class=\"_ _1\"></span> defined benefit plans, such as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs648\">the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s. The Gr<span class=\"_ _1\"></span>oup and the <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>rustee have identified a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> amendments made to <span class=\"_ _1\"></span>the Plan which ar<span class=\"_ _1\"></span>e within <span class=\"_ _1\"></span>the scope of <span class=\"_ _1\"></span>this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs649\">ruling. <span class=\"_ _1\"></span>These w<span class=\"_ _1\"></span>ere inv<span class=\"_ _1\"></span>estigated and <span class=\"_ _1\"></span>the T<span class=\"_ _e\"></span>rustee was able <span class=\"_ _1\"></span>to conclude that <span class=\"_ _1\"></span>there <span class=\"_ _1\"></span>was no significant impact<span class=\"_ _1\"></span> on the Plan. <span class=\"_ _1\"></span>The defined </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs64a\">benefit liability<span class=\"_ _1\"></span> has ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e been calculated on the basis <span class=\"_ _1\"></span>that no additional liabilities arise as a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Vir<span class=\"_ _1\"></span>gin Media ruling.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs64b\">The mov<span class=\"_ _1\"></span>ement in the <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan assets during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _393\"> </span></div><div class=\"gs64c\"><table class=\"s w173 he6\" id=\"_fc280224-670c-4def-96d7-2d5747faf10b\"><tr><td></td><td class=\"c n x3cb y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c40 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c40 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w226 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc03 y3c41 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">113.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x22d y3c41 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w341 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on Plan assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3df0 ff4a fs4 fc1 sc0 ls0 ws0\">Cash flows<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c63 w342 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Contributions by the Group<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0f y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xa10 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w343 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Contributions by Plan members<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1f y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w344 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Benefits paid<span class=\"_ _393\"> </span></div></td><td class=\"c n xc04 y3c4f w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x788 y3c4f w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 w345 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Administration expenses paid<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c4 y3c45 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc05 y3c45 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3df1 ff4a fs4 fc1 sc0 ls0 ws0\">Remeasur<span class=\"_ _1\"></span>ement gain / (loss)<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c65 w346 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Return on Plan assets (ex<span class=\"_ _1\"></span>cluding amounts included in inter<span class=\"_ _1\"></span>est)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc06 y3c65 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa10 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc07 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">104.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc08 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">113.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs64d\">The actual re<span class=\"_ _1\"></span>turn on Plan assets in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 w<span class=\"_ _1\"></span>as a loss of \u00a37<span class=\"_ _e\"></span>.1m (2024: g<span class=\"_ _1\"></span>ain of \u00a312.<span class=\"_ _1\"></span>7m).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs64f\">The mov<span class=\"_ _1\"></span>ement in the pr<span class=\"_ _1\"></span>esent <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the Plan liabilities during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>was as <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w1c6 hdd\" id=\"_9425bcf6-ddb1-4b01-8abf-15c4cd3094af\"><tr><td></td><td class=\"c n x36b y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c5f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c5f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w226 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3c60 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">91.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c60 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">89.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w347 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Current service cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td class=\"c n xc09 y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c40 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w348 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pas<span class=\"_ _1\"></span>t service cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x366 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x894 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w349 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Funding cost<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0a y3c42 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0b y3c42 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df2 ff4a fs4 fc1 sc0 ls0 ws0\">Cash flows<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c63 w343 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Contributions by Plan members<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3c63 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1f y3c63 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w344 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Benefits paid<span class=\"_ _393\"> </span></div></td><td class=\"c n xc04 y3c4e w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x788 y3c4e w46 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df3 ff4a fs4 fc1 sc0 ls0 ws0\">Remeasur<span class=\"_ _1\"></span>ement loss / (gain)<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c45 w34a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from demographic assumptions<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x71e y3c45 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c62 w34b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from financial assumptions<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e9 y3c62 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(11.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb2a y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c65 w34c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from experience adjustments<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x784 y3c65 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x969 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x96a y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">91.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs650\">The liabilities of<span class=\"_ _1\"></span> the Plan ar<span class=\"_ _1\"></span>e measured b<span class=\"_ _1\"></span>y discounting <span class=\"_ _1\"></span>the best estimate of<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e cash flow<span class=\"_ _1\"></span>s to be paid out b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Plan using the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs651\">Projected Unit me<span class=\"_ _1\"></span>thod. T<span class=\"_ _1\"></span>his amount is reflected in <span class=\"_ _1\"></span>the liability<span class=\"_ _1\"></span> in the balance sheet. <span class=\"_ _1\"></span>The Pr<span class=\"_ _1\"></span>ojected Unit method is an accrued benefits </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs652\">valuation method in <span class=\"_ _1\"></span>which the Plan liabilities ar<span class=\"_ _1\"></span>e calculated based on service up until the <span class=\"_ _1\"></span>valuation dat<span class=\"_ _1\"></span>e allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>future salary<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs653\">gro<span class=\"_ _1\"></span>wth until the date of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>tirement, <span class=\"_ _1\"></span>withdrawal or<span class=\"_ _0\"></span> death, as appropriate. T<span class=\"_ _1\"></span>he future service r<span class=\"_ _1\"></span>ate is then calculated as <span class=\"_ _1\"></span>the contribution </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs654\">rate r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to fund <span class=\"_ _1\"></span>the service accruing over<span class=\"_ _1\"></span> the ne<span class=\"_ _1\"></span>xt y<span class=\"_ _1\"></span>ear ag<span class=\"_ _1\"></span>ain allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>future salary<span class=\"_ _1\"></span> gro<span class=\"_ _1\"></span>wth. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs655\">Liabilities for<span class=\"_ _1\"></span> benefits accruing f<span class=\"_ _1\"></span>or service up <span class=\"_ _1\"></span>to 1 <span class=\"_ _1\"></span>July 2021 ar<span class=\"_ _1\"></span>e calculated separately<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om those accruing in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> service after<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs656\">that date.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs657\">The major<span class=\"_ _1\"></span> weighted a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e assumptions used by<span class=\"_ _1\"></span> the actuary<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>ere (in nominal <span class=\"_ _1\"></span>terms):<span class=\"_ _393\"> </span></div><div class=\"gs658\"><table class=\"s w34d h120\" id=\"_cdaf07b0-3b7f-484a-9786-74120e38f35d\"><tr><td></td><td class=\"c n x1f0 y3cdd w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0c y3cdd w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0d y3cdd w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df4 ff4a fs4 fc1 sc0 ls0 ws0\">In determining net pension cos<span class=\"_ _1\"></span>t for the y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c39 w34e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discount rate<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0e y3c39 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.10%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0f y3c39 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.55%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c39 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.00%</div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df5 ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Rate of compensation increase:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x441 y3c3b w34f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pre 1 July 2021 accrual<span class=\"_ _393\"> </span></div></td><td class=\"c n xc10 y3c3b w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc11 y3c3b w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc12 y3c3b w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.55%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c5e w350 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Post 1 July 2021 accrual<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c5e w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d5 y3c5e w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc13 y3c5e w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c3c w351 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of price inflation<span class=\"_ _393\"> </span></div></td><td class=\"c n xc14 y3c3c w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc15 y3c3c w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc16 y3c3c w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.55%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c3d w352 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of increase of pensions<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c3d w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.85%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc17 y3c3d w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e3 y3c3d w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df6 ff4a fs4 fc1 sc0 ls0 ws0\">In determining benefit oblig<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c40 w34e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discount rate<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0e y3c40 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0f y3c40 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c40 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.55%</div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df7 ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Rate of compensation increase:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x441 y3c42 w34f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pre 1 July 2021 accrual<span class=\"_ _393\"> </span></div></td><td class=\"c n xc10 y3c42 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc11 y3c42 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc12 y3c42 w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c43 w350 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Post 1 July 2021 accrual<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c43 w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d5 y3c43 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc13 y3c43 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c63 w351 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of price inflation<span class=\"_ _393\"> </span></div></td><td class=\"c n xc14 y3c63 w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc15 y3c63 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc16 y3c63 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w352 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of increase of pensions<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c4e w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.80%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc17 y3c4e w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.85%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e3 y3c4e w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.00%</div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df8 ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Further life expectancy a<span class=\"_ _1\"></span>t age 60<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x441 y3c45 w353 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Male member aged 60<span class=\"_ _393\"> </span></div></td><td class=\"c n xc18 y3c45 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n xc19 y3c45 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1a y3c45 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c50 w354 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Female member aged 60<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1b y3c50 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1c y3c50 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1d y3c50 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c65 w353 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Male member aged 40<span class=\"_ _393\"> </span></div></td><td class=\"c n xc18 y3c65 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td><td class=\"c n xc19 y3c65 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1a y3c65 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c48 w354 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Female member aged 40<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1b y3c48 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1c y3c48 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1d y3c48 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs659\">In the 2025 <span class=\"_ _1\"></span>valuation <span class=\"_ _1\"></span>the base mortality <span class=\"_ _1\"></span>table used w<span class=\"_ _1\"></span>as the standar<span class=\"_ _1\"></span>d S4PMA/S4PF<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> (All) <span class=\"_ _1\"></span>Y<span class=\"_ _0\"></span>ear o<span class=\"_ _1\"></span>f Birth <span class=\"_ _1\"></span>table, with <span class=\"_ _1\"></span>future impr<span class=\"_ _1\"></span>ovements </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs65a\">projected b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the CMI 2024 projection model <span class=\"_ _1\"></span>with a 1.5% per annum long<span class=\"_ _1\"></span>-term impr<span class=\"_ _1\"></span>ovement<span class=\"_ _1\"></span> rate.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs65b\">In the 2024 <span class=\"_ _1\"></span>valuation <span class=\"_ _1\"></span>the base mortality <span class=\"_ _1\"></span>table used w<span class=\"_ _1\"></span>as the standar<span class=\"_ _1\"></span>d S3PMA/S3PF<span class=\"_ _0\"></span>A_M (All) Y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span> of Birth <span class=\"_ _1\"></span>table, with <span class=\"_ _1\"></span>future </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs65c\">impro<span class=\"_ _1\"></span>vements pr<span class=\"_ _1\"></span>ojected by<span class=\"_ _1\"></span> the CMI 2022 projection model <span class=\"_ _1\"></span>with a 1.5% per annum long<span class=\"_ _1\"></span>-term impr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>ement rate.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs65d\">In the 2023 <span class=\"_ _1\"></span>valuation <span class=\"_ _1\"></span>the base mortality <span class=\"_ _1\"></span>table used w<span class=\"_ _1\"></span>as the standar<span class=\"_ _1\"></span>d S3PMA/S3PF<span class=\"_ _1\"></span>A_M (All) <span class=\"_ _1\"></span>Y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span> of Birth <span class=\"_ _1\"></span>table, with <span class=\"_ _1\"></span>future </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs65e\">impro<span class=\"_ _1\"></span>vements pr<span class=\"_ _1\"></span>ojected by<span class=\"_ _1\"></span> the CMI 2022 projection model <span class=\"_ _1\"></span>with a 1.5% per annum long<span class=\"_ _1\"></span>-term impr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>ement rate. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs660\">The amounts charged in <span class=\"_ _1\"></span>the consolidated income statement in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the Plan ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w33a h121\" id=\"_2828f76f-2773-4735-8c3d-93720908f4de\"><tr><td></td><td></td><td class=\"c n x3b9 y3c3e w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c3e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c60 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c60 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w347 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Current service cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc09 y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c40 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w348 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pas<span class=\"_ _1\"></span>t service cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x366 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x894 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w355 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal service cost<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1e y3c42 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n xc09 y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w14b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Administra<span class=\"_ _1\"></span>tion expenses<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3cd y3c43 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c43 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w356 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included within operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb24 y3c63 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1f y3c63 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w85 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Funding cost of Plan liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3cd y3c4f w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c4f w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w341 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on Plan assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc20 y3c45 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc21 y3c45 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(5.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w357 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net inter<span class=\"_ _1\"></span>est (income)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f8 y3c50 w16 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc22 y3c50 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc23 y3c50 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w358 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Components of defined benefit c<span class=\"_ _1\"></span>osts recognised in pr<span class=\"_ _1\"></span>ofit or loss<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc24 y3c48 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc25 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs661\">The amounts recognised in <span class=\"_ _1\"></span>the consolidated statement o<span class=\"_ _1\"></span>f compr<span class=\"_ _1\"></span>ehensive income in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the Plan ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"gs662\"><table class=\"s w1c6 heb\" id=\"_8095b2a3-7580-4be3-b3cd-f10d2b40151d\"><tr><td></td><td class=\"c n x3cb y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c42 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c42 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w359 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Return on Plan assets (e<span class=\"_ _1\"></span>xcluding amoun<span class=\"_ _1\"></span>ts included in interes<span class=\"_ _1\"></span>t)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc26 y3c61 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x858 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3df9 ff4a fs4 fc1 sc0 ls0 ws0\">Actuarial gains / (losses)<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c4e w34a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from demographic assumptions<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w34b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from financial assumptions<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c4f w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x784 y3c4f w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 w34c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from experience adjustments<span class=\"_ _393\"> </span></div></td><td class=\"c n xc27 y3c45 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc28 y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w35a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal actuarial (loss) / g<span class=\"_ _1\"></span>ain<span class=\"_ _393\"> </span></div></td><td class=\"c n x433 y3c62 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w45 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax thereon<span class=\"_ _393\"> </span></div></td><td class=\"c n x948 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a2 y3c65 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w35b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net actuarial (loss) / gain<span class=\"_ _393\"> </span></div></td><td class=\"c n xc04 y3c48 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs663\">Of <span class=\"_ _1\"></span>the remeasur<span class=\"_ _1\"></span>ement mov<span class=\"_ _1\"></span>ements reflect<span class=\"_ _1\"></span>ed above:<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs664\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The return on plan assets <span class=\"_ _1\"></span>to 30 September<span class=\"_ _1\"></span> 2025 reflects mark<span class=\"_ _1\"></span>et performance o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s investments in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>, reflecting </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs665\">the hedging strategy<span class=\"_ _1\"></span> noted abov<span class=\"_ _1\"></span>e. T<span class=\"_ _1\"></span>he 2024 financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> saw a r<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>ery in <span class=\"_ _1\"></span>values, as a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> a generally<span class=\"_ _1\"></span> mor<span class=\"_ _1\"></span>e benign global </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs666\">economic climate<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs667\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Despite the adoption of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>vised mortality <span class=\"_ _1\"></span>tables in the curr<span class=\"_ _1\"></span>ent <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the resulting demographic g<span class=\"_ _1\"></span>ain / (loss) <span class=\"_ _1\"></span>was not significant. <span class=\"_ _0\"></span>The </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs668\">gain in the 2024 <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear r<span class=\"_ _1\"></span>eflected <span class=\"_ _1\"></span>the adoption of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>vised commutation factor<span class=\"_ _1\"></span>s by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs669\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The change in financial assumptions in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ended 30 Sept<span class=\"_ _1\"></span>ember 2025 r<span class=\"_ _1\"></span>eflected the incr<span class=\"_ _0\"></span>ease in the discount rate, based on bond </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs66a\">yields, with only<span class=\"_ _1\"></span> a small mov<span class=\"_ _1\"></span>ement in market-implied inflation, based on gilt<span class=\"_ _1\"></span> yields</div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs66b\"> <span class=\"_ _34\"> </span> <span class=\"_ _4\"></span>The change in financial assump<span class=\"_ _1\"></span>tions in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024 reflect<span class=\"_ _1\"></span>ed principally a <span class=\"_ _1\"></span>widening of <span class=\"_ _1\"></span>the gap betw<span class=\"_ _1\"></span>een the </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs66c\">assumed discount and inflation rates as bond <span class=\"_ _1\"></span>yields fell <span class=\"_ _1\"></span>faster<span class=\"_ _1\"></span> than gilt <span class=\"_ _1\"></span>yields<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs66d\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The experience adjustments in both y<span class=\"_ _1\"></span>ears shown r<span class=\"_ _1\"></span>epresent <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> the diff<span class=\"_ _1\"></span>erence betw<span class=\"_ _1\"></span>een actual and for<span class=\"_ _1\"></span>ecast UK inflation in </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs66e\">the y<span class=\"_ _1\"></span>ear on expect<span class=\"_ _1\"></span>ed benefits, with an experience loss in <span class=\"_ _1\"></span>the current<span class=\"_ _1\"></span> y<span class=\"_ _1\"></span>ear offse<span class=\"_ _1\"></span>t by<span class=\"_ _1\"></span> a gain in respect<span class=\"_ _1\"></span> of member<span class=\"_ _1\"></span> mortality<span class=\"_ _1\"></span> experience<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs670\">(c<span class=\"_ _0\"></span>)  <span class=\"_ _b2\"> </span>Defined benefit plan \u2013 future cash flo<span class=\"_ _1\"></span>ws<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs671\">The sensitivity o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation of<span class=\"_ _1\"></span> the defined benefit oblig<span class=\"_ _1\"></span>ation to <span class=\"_ _1\"></span>the principal assumptions disclosed abov<span class=\"_ _1\"></span>e at 30 September<span class=\"_ _1\"></span> 2025, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs672\">calculating the obligation on <span class=\"_ _1\"></span>the same basis as used in determining <span class=\"_ _1\"></span>the IAS 19 v<span class=\"_ _1\"></span>alue, is as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span></div><div class=\"gs673\"><table class=\"s w35c he0\" id=\"_42eda3ef-d42c-4893-b335-d82a089973ac\"><tr><td class=\"c n x1a7 y3c4e w35d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Assumption<span class=\"_ _393\"> </span></div></td><td class=\"c n xc29 y3c4e w35e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Increase in assumption<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2a y3c4e w35f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Impact on scheme liabilities<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c n xc2b y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2c y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w360 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discount r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2d y3c98 w361 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.25% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2e y3c98 w362 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.7)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f7 y3c98 w1aa hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.9)%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w363 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of infla<span class=\"_ _1\"></span>tion*<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2f y3c62 w364 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.25% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd7 y3c62 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc30 y3c62 w1a8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.9%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w365 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of salary gr<span class=\"_ _1\"></span>owth<span class=\"_ _393\"> </span></div></td><td class=\"c n xc31 y3c65 w361 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.25% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xb8e y3c65 w1a3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc32 y3c65 w1a8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w366 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rates of mort<span class=\"_ _1\"></span>ality<span class=\"_ _393\"> </span></div></td><td class=\"c n xc33 y3c48 w367 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1 year of lif<span class=\"_ _1\"></span>e expectancy<span class=\"_ _393\"> </span></div></td><td class=\"c n xc34 y3c48 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc35 y3c48 w1a8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.1%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs674\">*maintaining a 0.<span class=\"_ _1\"></span>0% assumption for<span class=\"_ _1\"></span> real salary<span class=\"_ _1\"></span> growth<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs675\">The rate of<span class=\"_ _0\"></span> growth for<span class=\"_ _0\"></span> pensions in payment primarily relat<span class=\"_ _1\"></span>es to <span class=\"_ _1\"></span>forecast inflation r<span class=\"_ _1\"></span>ates.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs676\">The sensitivity analy<span class=\"_ _1\"></span>sis present<span class=\"_ _1\"></span>ed above ma<span class=\"_ _1\"></span>y not<span class=\"_ _1\"></span> be repr<span class=\"_ _1\"></span>esentative of<span class=\"_ _1\"></span> an actual futur<span class=\"_ _1\"></span>e change in <span class=\"_ _1\"></span>the defined benefit obligation as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs677\">it is unlikely<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> changes in assumptions w<span class=\"_ _1\"></span>ould occur in isolation, as some o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the assumptions will be corr<span class=\"_ _1\"></span>elated. <span class=\"_ _1\"></span>Ther<span class=\"_ _1\"></span>e has been </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs678\">no change in the me<span class=\"_ _1\"></span>thod of pr<span class=\"_ _1\"></span>eparing the analy<span class=\"_ _1\"></span>sis fr<span class=\"_ _1\"></span>om that adopt<span class=\"_ _1\"></span>ed in pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ears. T<span class=\"_ _1\"></span>he impacts of equiv<span class=\"_ _1\"></span>alent decr<span class=\"_ _1\"></span>eases in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs679\">assumptions are br<span class=\"_ _1\"></span>oadly<span class=\"_ _1\"></span> equal and opposite to <span class=\"_ _1\"></span>the effects of<span class=\"_ _1\"></span> the incr<span class=\"_ _1\"></span>eases shown abo<span class=\"_ _1\"></span>ve.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs67a\">In conjunction with <span class=\"_ _1\"></span>the T<span class=\"_ _e\"></span>rustee, the Group has continued <span class=\"_ _1\"></span>to conduct asset-liability<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>s of<span class=\"_ _1\"></span> the Plan. <span class=\"_ _1\"></span>These studies ar<span class=\"_ _1\"></span>e used to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs67b\">assist the <span class=\"_ _1\"></span>T<span class=\"_ _e\"></span>rustee and the Group t<span class=\"_ _1\"></span>o determine the optimal long<span class=\"_ _1\"></span>-term asset<span class=\"_ _1\"></span> allocation with r<span class=\"_ _1\"></span>egard <span class=\"_ _1\"></span>to the structur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> liabilities within </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs67c\">the Plan. T<span class=\"_ _1\"></span>he results of<span class=\"_ _1\"></span> the studies ar<span class=\"_ _1\"></span>e used t<span class=\"_ _1\"></span>o assist the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee in managing <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>olatility in <span class=\"_ _1\"></span>the underlying investment<span class=\"_ _1\"></span> performance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs67d\">and risk of<span class=\"_ _1\"></span> a significant increase in <span class=\"_ _1\"></span>the scheme deficit by<span class=\"_ _0\"></span> providing information used <span class=\"_ _1\"></span>to determine the in<span class=\"_ _1\"></span>vestment strat<span class=\"_ _1\"></span>egy of<span class=\"_ _1\"></span> the Plan. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs67e\">There ha<span class=\"_ _1\"></span>ve been no changes in <span class=\"_ _1\"></span>the processes b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>which the Plan manag<span class=\"_ _1\"></span>es its risks fr<span class=\"_ _1\"></span>om pre<span class=\"_ _1\"></span>vious periods.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs67f\">F<span class=\"_ _0\"></span>ollowing a revie<span class=\"_ _1\"></span>w o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s investment str<span class=\"_ _1\"></span>ategy<span class=\"_ _1\"></span>, the curr<span class=\"_ _1\"></span>ent tar<span class=\"_ _1\"></span>get asset<span class=\"_ _1\"></span> allocations for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026 are </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs680\">38% gro<span class=\"_ _1\"></span>wth assets (primarily<span class=\"_ _1\"></span> equities), and 62% matching assets (<span class=\"_ _1\"></span>primarily bonds<span class=\"_ _1\"></span>) which includes LDI balances, <span class=\"_ _1\"></span>with the hedg<span class=\"_ _1\"></span>e ratio </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs681\">remaining at 90%.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs682\">F<span class=\"_ _0\"></span>ollowing the finalisation of<span class=\"_ _1\"></span> the Mar<span class=\"_ _1\"></span>ch 2022 v<span class=\"_ _1\"></span>aluation, the agr<span class=\"_ _1\"></span>eed rate o<span class=\"_ _1\"></span>f emplo<span class=\"_ _1\"></span>yer<span class=\"_ _1\"></span> contribution reduced <span class=\"_ _1\"></span>to 12.5% of<span class=\"_ _1\"></span> capped </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs683\">pensionable salary <span class=\"_ _1\"></span>from 15 Mar<span class=\"_ _1\"></span>ch 2023, having been 25% since 1 <span class=\"_ _1\"></span>July 2021. <span class=\"_ _0\"></span>An additional contribution for deficit<span class=\"_ _1\"></span> reduction of<span class=\"_ _1\"></span> \u00a31.9m </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs684\">payable o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the nine-month period ending on 30 No<span class=\"_ _1\"></span>vember<span class=\"_ _1\"></span> 2023, and an additional contribution of<span class=\"_ _1\"></span> \u00a32.5m per annum, pay<span class=\"_ _1\"></span>able </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs685\">monthly <span class=\"_ _1\"></span>from 1 December<span class=\"_ _1\"></span> 2023 w<span class=\"_ _1\"></span>ere also agr<span class=\"_ _1\"></span>eed. T<span class=\"_ _1\"></span>hese include amounts payable under<span class=\"_ _0\"></span> the PRP and r<span class=\"_ _1\"></span>eplace the \u00a32.5m per<span class=\"_ _1\"></span> annum </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs686\">contribution for<span class=\"_ _1\"></span> deficit r<span class=\"_ _1\"></span>eduction included in the pr<span class=\"_ _1\"></span>evious <span class=\"_ _1\"></span>funding plan. T<span class=\"_ _1\"></span>he additional contribution is reduced <span class=\"_ _1\"></span>to a rate of<span class=\"_ _1\"></span> \u00a31.9m per<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs687\">annum if <span class=\"_ _1\"></span>the funding le<span class=\"_ _1\"></span>vel meets <span class=\"_ _1\"></span>the targ<span class=\"_ _1\"></span>et set by<span class=\"_ _0\"></span> the PFP arrangement, <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>as reached in <span class=\"_ _0\"></span>April 2024. The Gr<span class=\"_ _1\"></span>oup continues t<span class=\"_ _1\"></span>o </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs688\">make an additional \u00a30<span class=\"_ _1\"></span>.4m per<span class=\"_ _1\"></span> annum contribution in respect of<span class=\"_ _0\"></span> the Plan\u2019<span class=\"_ _0\"></span>s running costs, payable monthly<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs689\">The present<span class=\"_ _1\"></span> best estimate of<span class=\"_ _1\"></span> the contributions <span class=\"_ _1\"></span>to be made to <span class=\"_ _1\"></span>the Plan by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026 is \u00a33.0m. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs68a\">The av<span class=\"_ _1\"></span>erage durations of<span class=\"_ _0\"></span> the discounted benefit obligations in the Plan at<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end are shown in <span class=\"_ _1\"></span>the table belo<span class=\"_ _1\"></span>w:<span class=\"_ _393\"> </span></div><div class=\"gs68b\"><table class=\"s wd8 hde\" id=\"_6bbed088-18be-4347-a171-224b599cbe9b\"><tr><td></td><td class=\"c n x36b y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c4e w368 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xc36 y3c4e w369 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3dfa ff49 fs4 fc1 sc0 ls0 ws0\">Category of member<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 w36a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Active members<span class=\"_ _393\"> </span></div></td><td class=\"c n xc37 y3c45 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18<span class=\"_ _393\"> </span></div></td><td class=\"c n xc38 y3c45 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w36b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred pensioners<span class=\"_ _393\"> </span></div></td><td class=\"c n xc39 y3c62 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3a y3c62 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w36c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Current pensioner<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3b y3c65 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3c y3c65 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w36d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">All members<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3d y3c48 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3e y3c48 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs68c\">(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Defined contribution arrangements<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs68d\">The Group sponsor<span class=\"_ _1\"></span>s a defined contribution (W<span class=\"_ _1\"></span>orksave<span class=\"_ _0\"></span>) pension scheme, open to all employees <span class=\"_ _1\"></span>who are no<span class=\"_ _1\"></span>t members of<span class=\"_ _1\"></span> the Plan. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs68e\">The Group <span class=\"_ _1\"></span>first completed <span class=\"_ _1\"></span>the auto-enrolment<span class=\"_ _1\"></span> process mandated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the UK Gov<span class=\"_ _1\"></span>ernment in Nov<span class=\"_ _1\"></span>ember 2013, using <span class=\"_ _1\"></span>this scheme, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs68f\">with subsequent re-enr<span class=\"_ _1\"></span>olment e<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee y<span class=\"_ _1\"></span>ears, most recently<span class=\"_ _1\"></span> in 2022. <span class=\"_ _1\"></span>A ne<span class=\"_ _1\"></span>w aut<span class=\"_ _1\"></span>omatic re-enr<span class=\"_ _1\"></span>olment process <span class=\"_ _1\"></span>will commence on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs690\">1 November<span class=\"_ _0\"></span> 2025. Since the year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2020 the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s contribution to the scheme <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> those employ<span class=\"_ _1\"></span>ees making the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs691\">maximum 6% contribution has been 10% of salary<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs692\">The Group also sponsor<span class=\"_ _1\"></span>s a number of<span class=\"_ _1\"></span> other<span class=\"_ _1\"></span> defined contribution pension plans r<span class=\"_ _1\"></span>elating to acquir<span class=\"_ _1\"></span>ed entities and makes contributions </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs693\">to these schemes in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> employ<span class=\"_ _1\"></span>ees.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs694\">The assets of<span class=\"_ _1\"></span> these schemes ar<span class=\"_ _1\"></span>e not Gr<span class=\"_ _1\"></span>oup assets and are held separ<span class=\"_ _1\"></span>ately <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>those of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, under <span class=\"_ _1\"></span>the control o<span class=\"_ _1\"></span>f independent </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs695\">trustees. Contributions made by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup to <span class=\"_ _1\"></span>these schemes in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025, which r<span class=\"_ _1\"></span>epresent<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>total cost </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs696\">charged against<span class=\"_ _1\"></span> income, wer<span class=\"_ _1\"></span>e \u00a35.0m (202<span class=\"_ _1\"></span>4: \u00a34.8m) (<span class=\"_ _1\"></span>note 53).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-377": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs531\">54. <span class=\"_ _29\"></span>K<span class=\"_ _1\"></span>ey<span class=\"_ _0\"></span> management remuneration<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs532\">Ke<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs533\">The ke<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> management personnel of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, as defined by<span class=\"_ _1\"></span> IAS 24 \u2013 \u2018R<span class=\"_ _1\"></span>elated Party<span class=\"_ _1\"></span> T<span class=\"_ _e\"></span>ransactions\u2019<span class=\"_ _e\"></span>, are consider<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs534\">by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup to be <span class=\"_ _1\"></span>the members of<span class=\"_ _1\"></span> its Executiv<span class=\"_ _1\"></span>e Committees and the members of<span class=\"_ _0\"></span> the Board of<span class=\"_ _1\"></span> Directors o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _0\"></span>. The details </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs535\">of k<span class=\"_ _0\"></span>ey management r<span class=\"_ _1\"></span>emuneration r<span class=\"_ _1\"></span>equired b<span class=\"_ _1\"></span>y IA<span class=\"_ _1\"></span>S 24 are set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>. F<span class=\"_ _0\"></span>or persons joining or<span class=\"_ _1\"></span> leaving the e<span class=\"_ _1\"></span>xecutive committ<span class=\"_ _1\"></span>ees in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs536\">year<span class=\"_ _0\"></span>, all remuneration <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the tw<span class=\"_ _1\"></span>elve months is shown.<span class=\"_ _393\"> </span></div><div class=\"gs537\"><table class=\"s w2dc hfc\" id=\"_ea10cbe5-9f13-419c-84aa-0d89dca0b3d6\"><tr><td></td><td class=\"c n x952 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x953 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x954 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x955 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c41 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c41 w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c41 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c41 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w2dd hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Salaries and fees<span class=\"_ _393\"> </span></div></td><td class=\"c n x646 y3c42 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb18 y3c42 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.9<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 w2de hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash amount of bonuses<span class=\"_ _393\"> </span></div></td><td class=\"c n x73a y3c43 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb23 y3c43 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c44 w2df hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Social security costs<span class=\"_ _393\"> </span></div></td><td class=\"c n x8da y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb24 y3c44 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e w2e0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm employee benefits<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb25 y3c4e w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12.1<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x208 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2e1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Post<span class=\"_ _0\"></span>-employment benefits<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb26 y3c4f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xa88 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w2e2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">IFRS 2 cos<span class=\"_ _1\"></span>t in respect of k<span class=\"_ _1\"></span>ey management<span class=\"_ _393\"> </span></div></td><td class=\"c n xb27 y3c45 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb28 y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 w2e3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">National Insurance ther<span class=\"_ _1\"></span>eon<span class=\"_ _393\"> </span></div></td><td class=\"c n xb29 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x358 y3c50 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c47 w26c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Share-based paymen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x64e y3c47 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb2a y3c47 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x24e y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.9<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb2b y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.6<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs538\">Post-emplo<span class=\"_ _1\"></span>yment benefits shown abo<span class=\"_ _1\"></span>ve include pension allow<span class=\"_ _1\"></span>ances, contributions to de<span class=\"_ _1\"></span>fined contribution pension schemes or costs </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs539\">of accrual under<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s defined benefit pension plan. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs53a\">Social security costs paid in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> ke<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement are r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to be included in <span class=\"_ _1\"></span>this note by<span class=\"_ _1\"></span> IAS 24<span class=\"_ _1\"></span>, but do not f<span class=\"_ _1\"></span>all within <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs53b\">scope of <span class=\"_ _1\"></span>the disclosures in <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>Annual Report on R<span class=\"_ _1\"></span>emuneration. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs53c\">Costs in respect o<span class=\"_ _1\"></span>f shar<span class=\"_ _1\"></span>e awar<span class=\"_ _1\"></span>ds shown in <span class=\"_ _1\"></span>the Annual R<span class=\"_ _1\"></span>eport on Remuner<span class=\"_ _1\"></span>ation are determined on a diff<span class=\"_ _1\"></span>erent basis <span class=\"_ _1\"></span>to the IFRS 2 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs53d\">charge shown abo<span class=\"_ _1\"></span>ve.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs53e\">Directors<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs53f\">The information in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>emuneration of<span class=\"_ _1\"></span> the dir<span class=\"_ _1\"></span>ectors of<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span> required t<span class=\"_ _1\"></span>o be disclosed in the notes <span class=\"_ _1\"></span>to the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs540\">Company\u2019<span class=\"_ _0\"></span>s accounts by Schedule 5 <span class=\"_ _1\"></span>to the Lar<span class=\"_ _1\"></span>ge and Medium-sized Companies and Gr<span class=\"_ _1\"></span>oups (Accounts and Reports<span class=\"_ _1\"></span>) Regulations </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs541\">2008, as applicable to quot<span class=\"_ _1\"></span>ed companies, is set out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs542\"><table class=\"s wd8 hf6\" id=\"_c321a712-a331-44a8-b700-7dcaacb30b75\"><tr><td></td><td class=\"c n x36b y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w2e4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aggrega<span class=\"_ _1\"></span>te amount of remuner<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1f y3c50 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w2e5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension allow<span class=\"_ _1\"></span>ances<span class=\"_ _393\"> </span></div></td><td class=\"c n xb18 y3c47 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xb2c y3c47 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w2e6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Gains on ex<span class=\"_ _1\"></span>ercise of share op<span class=\"_ _1\"></span>tions<span class=\"_ _393\"> </span></div></td><td class=\"c n xb2d y3c48 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xb2e y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs543\">In the <span class=\"_ _1\"></span>table above, r<span class=\"_ _1\"></span>emuneration includes <span class=\"_ _1\"></span>the cash amount of<span class=\"_ _1\"></span> bonuses and the <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> benefits in kind. It ex<span class=\"_ _1\"></span>cludes any<span class=\"_ _1\"></span> amounts </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs544\">receiv<span class=\"_ _1\"></span>able under shar<span class=\"_ _1\"></span>e-based payment arr<span class=\"_ _1\"></span>angements. Wher<span class=\"_ _0\"></span>e a monetary amount of salary<span class=\"_ _0\"></span> is paid in shares based on the marke<span class=\"_ _1\"></span>t price </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs545\">at the pa<span class=\"_ _1\"></span>yment date, this is included.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs546\">No director<span class=\"_ _1\"></span> accrued benefits under<span class=\"_ _1\"></span> either a de<span class=\"_ _1\"></span>fined benefit or de<span class=\"_ _1\"></span>fined contribution pension scheme in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, nor did any<span class=\"_ _1\"></span> direct<span class=\"_ _1\"></span>or </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs547\">receiv<span class=\"_ _1\"></span>e benefits under long<span class=\"_ _1\"></span>-term incentiv<span class=\"_ _1\"></span>e schemes, other <span class=\"_ _1\"></span>than in the <span class=\"_ _1\"></span>form of<span class=\"_ _1\"></span> share aw<span class=\"_ _1\"></span>ards.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs548\">F<span class=\"_ _1\"></span>urther inf<span class=\"_ _1\"></span>ormation about the r<span class=\"_ _1\"></span>emuneration of<span class=\"_ _1\"></span> individual direct<span class=\"_ _1\"></span>ors is pro<span class=\"_ _1\"></span>vided in the <span class=\"_ _1\"></span>Annual Report on R<span class=\"_ _1\"></span>emuneration in Section B7<span class=\"_ _0\"></span>.3.2.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-378": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs54a\">55. <span class=\"_ _29\"></span>Share-based remuneration<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs54b\">During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the Group had <span class=\"_ _1\"></span>various shar<span class=\"_ _0\"></span>e-based payment arrangements with emplo<span class=\"_ _1\"></span>yees. <span class=\"_ _1\"></span>They<span class=\"_ _0\"></span> are accounted for<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs54c\">the Company<span class=\"_ _1\"></span> as shown below<span class=\"_ _0\"></span>. All of<span class=\"_ _1\"></span> these aw<span class=\"_ _1\"></span>ards ar<span class=\"_ _1\"></span>e classified as equity-settled aw<span class=\"_ _1\"></span>ards, as defined b<span class=\"_ _1\"></span>y IFRS 2 \u2013 \u2018Share-based P<span class=\"_ _1\"></span>ayment.<span class=\"_ _e\"></span>\u2019 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs54d\">The effect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the share-based pa<span class=\"_ _1\"></span>yment arrangements on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s pr<span class=\"_ _0\"></span>ofit is shown in note 53.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs54e\">F<span class=\"_ _1\"></span>urther de<span class=\"_ _1\"></span>tails of shar<span class=\"_ _1\"></span>e-based payment arr<span class=\"_ _1\"></span>angements are giv<span class=\"_ _1\"></span>en in the <span class=\"_ _1\"></span>Annual Report<span class=\"_ _1\"></span> on Remuneration in Section B7<span class=\"_ _0\"></span>.3.2.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs54f\">A summary<span class=\"_ _0\"></span> of the number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> share aw<span class=\"_ _1\"></span>ards outstanding under<span class=\"_ _1\"></span> each scheme at 30 September<span class=\"_ _1\"></span> 2025 and at 30 September<span class=\"_ _1\"></span> 2024 is set </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs550\">out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs551\"><table class=\"s w2e7 he7\" id=\"_61ccbcf1-68f3-4ef4-821a-45e8fe37ea18\"><tr><td></td><td class=\"c n x9c1 y3c43 w272 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c2 y3c43 w273 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3cb y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2e8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(a) <span class=\"_ _135\"> </span>Sharesa<span class=\"_ _1\"></span>ve Plan<span class=\"_ _393\"> </span></div></td><td class=\"c n xb2f y3c4e w2e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,131,919<span class=\"_ _393\"> </span></div></td><td class=\"c n xb30 y3c4e w2ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,578,757<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2eb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(b) <span class=\"_ _a\"> </span>Performance Shar<span class=\"_ _1\"></span>e Plan<span class=\"_ _393\"> </span></div></td><td class=\"c n xb31 y3c4f w2e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,548,784<span class=\"_ _393\"> </span></div></td><td class=\"c n xb32 y3c4f w2ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,939,690<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w2ec hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(c) <span class=\"_ _3\"> </span>Company Shar<span class=\"_ _1\"></span>e Option Plan<span class=\"_ _393\"> </span></div></td><td class=\"c n xb33 y3c45 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,251<span class=\"_ _393\"> </span></div></td><td class=\"c n xb34 y3c45 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">32,940<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w2ef hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(d) <span class=\"_ _a\"> </span>Deferred Bonus Plan<span class=\"_ _393\"> </span></div></td><td class=\"c n xb35 y3c50 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">171,057<span class=\"_ _393\"> </span></div></td><td class=\"c n xb36 y3c50 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">493,208<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w120 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(e) <span class=\"_ _ce\"> </span>Restricted St<span class=\"_ _1\"></span>ock Units<span class=\"_ _393\"> </span></div></td><td class=\"c n xb37 y3c65 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">338,322<span class=\"_ _393\"> </span></div></td><td class=\"c n xb38 y3c65 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">382,483<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xb39 y3c48 w2e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,209,333<span class=\"_ _393\"> </span></div></td><td class=\"c n xb3a y3c48 w2ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9,427,078<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs552\">F<span class=\"_ _0\"></span>ollowing the y<span class=\"_ _1\"></span>ear end, <span class=\"_ _1\"></span>the Remuneration Committ<span class=\"_ _1\"></span>ee agreed <span class=\"_ _1\"></span>the amounts of <span class=\"_ _1\"></span>variable r<span class=\"_ _1\"></span>emuneration in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> to be </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs553\">satisfied in the f<span class=\"_ _1\"></span>orm of<span class=\"_ _1\"></span> share-based aw<span class=\"_ _1\"></span>ards. <span class=\"_ _1\"></span>These aw<span class=\"_ _1\"></span>ards <span class=\"_ _1\"></span>will be granted, f<span class=\"_ _1\"></span>ollowing the appr<span class=\"_ _0\"></span>oval of<span class=\"_ _1\"></span> these accounts, based on the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs554\">amounts appro<span class=\"_ _1\"></span>ved and mark<span class=\"_ _1\"></span>et pricing data at the dat<span class=\"_ _1\"></span>e of gr<span class=\"_ _1\"></span>ant.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs555\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>Sharesav<span class=\"_ _1\"></span>e <span class=\"_ _2\"></span>plan<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs556\">The Group oper<span class=\"_ _1\"></span>ates an <span class=\"_ _1\"></span>All Employee Shar<span class=\"_ _1\"></span>e Option (\u2018Shar<span class=\"_ _1\"></span>esave<span class=\"_ _1\"></span>\u2019) plan. Grants under<span class=\"_ _1\"></span> this scheme <span class=\"_ _1\"></span>vest, in <span class=\"_ _1\"></span>the normal course, after<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs557\">completion of<span class=\"_ _1\"></span> the appr<span class=\"_ _1\"></span>opriate service period and subject to a sa<span class=\"_ _1\"></span>vings requir<span class=\"_ _1\"></span>ement.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs558\">A r<span class=\"_ _1\"></span>econciliation of<span class=\"_ _1\"></span> mov<span class=\"_ _1\"></span>ements in the number<span class=\"_ _1\"></span> and w<span class=\"_ _1\"></span>eighted aver<span class=\"_ _1\"></span>age ex<span class=\"_ _1\"></span>ercise price of<span class=\"_ _1\"></span> Sharesa<span class=\"_ _1\"></span>ve options o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> \u00a31 ordinary<span class=\"_ _1\"></span> shares </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs559\">during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 and the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024 is shown belo<span class=\"_ _1\"></span>w.<span class=\"_ _393\"> </span></div><div class=\"gs55a\"><table class=\"s w2f2 hcb\" id=\"_ebb23859-b561-4b22-82fe-32f5ba2f4cdb\"><tr><td></td><td class=\"c n x4e2 y3c49 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c49 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c49 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c49 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xb3b y3ddf w272 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number</div></td><td class=\"c n xb3c y3ddf w2f3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws49\">Weight<span class=\"_ _1\"></span>ed aver<span class=\"_ _1\"></span>age<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c1 y3de0 w273 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Number</div></td><td class=\"c n xb3d y3de0 w2f4 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Weigh<span class=\"_ _1\"></span>ted av<span class=\"_ _1\"></span>erag<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 xa58 h4e y3de1 ff49 fs4 fc1 sc0 ls0 ws0\">ex<span class=\"_ _1\"></span>ercise price<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 xb3e h52 y3de1 ff4a fs4 fc1 sc0 ls0 ws0\">ex<span class=\"_ _1\"></span>ercise price<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xb3f y3c42 w2f5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">p<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb40 y3c42 w2f6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3de2 ff49 fs4 fc1 sc0 ls0 ws0\">Options outstanding<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c44 w226 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb41 y3c44 w2e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,578,757<span class=\"_ _393\"> </span></div></td><td class=\"c n xb42 y3c44 w2f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">408.97<span class=\"_ _393\"> </span></div></td><td class=\"c n xb43 y3c44 w2ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3,077,077<span class=\"_ _393\"> </span></div></td><td class=\"c n xb44 y3c44 w2f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">365.76<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2f9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Grant<span class=\"_ _1\"></span>ed in the year<span class=\"_ _393\"> </span></div></td><td class=\"c n xb45 y3c4e w2fa hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">410,464<span class=\"_ _393\"> </span></div></td><td class=\"c n xb46 y3c4e w2f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">754.80<span class=\"_ _393\"> </span></div></td><td class=\"c n xb47 y3c4e w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">370,565<span class=\"_ _393\"> </span></div></td><td class=\"c n xb48 y3c4e w2fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">603.20<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2fc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Exer<span class=\"_ _1\"></span>cised or surrendered in the y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></div></td><td class=\"c n xb49 y3c4f w2fd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(684,477)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb4a y3c4f w2f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">351.49<span class=\"_ _393\"> </span></div></td><td class=\"c n xb4b y3c4f w2fe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(653,069)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb4c y3c4f w2f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">320.99<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w2ff hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lapsed during the year<span class=\"_ _393\"> </span></div></td><td class=\"c n xb4d y3c45 w2fd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(172,825)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e7 y3c45 w2f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">459.29<span class=\"_ _393\"> </span></div></td><td class=\"c n xb4e y3c45 w2fe hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(215,816)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb4f y3c45 w2fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">392.62<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xb50 y3c50 w2e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,131,919<span class=\"_ _393\"> </span></div></td><td class=\"c n xb51 y3c50 w2f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">489.90<span class=\"_ _393\"> </span></div></td><td class=\"c n xb52 y3c50 w2ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,578,757<span class=\"_ _393\"> </span></div></td><td class=\"c n xb53 y3c50 w2f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">408.97<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w300 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Options ex<span class=\"_ _1\"></span>ercisable<span class=\"_ _393\"> </span></div></td><td class=\"c n xb54 y3c48 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">241,002<span class=\"_ _393\"> </span></div></td><td class=\"c n xb55 y3c48 w301 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">329.04<span class=\"_ _393\"> </span></div></td><td class=\"c n xb56 y3c48 w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">69,931<span class=\"_ _393\"> </span></div></td><td class=\"c n xb4f y3c48 w2fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">409.80<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs55b\">The w<span class=\"_ _1\"></span>eighted av<span class=\"_ _1\"></span>erage r<span class=\"_ _1\"></span>emaining contractual life of<span class=\"_ _1\"></span> options outstanding at 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>was 26.<span class=\"_ _1\"></span>0 months (2024: 29<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1 months). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs55c\">The w<span class=\"_ _1\"></span>eighted av<span class=\"_ _1\"></span>erage mark<span class=\"_ _1\"></span>et price at ex<span class=\"_ _1\"></span>ercise <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> share options ex<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cised in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> was 851.83p (202<span class=\"_ _1\"></span>4: 663.87p).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs55e\">Options are outstanding under<span class=\"_ _0\"></span> the Sharesav<span class=\"_ _1\"></span>e plans to pur<span class=\"_ _1\"></span>chase ordinary<span class=\"_ _1\"></span> shares as <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span>s:<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s wd8 h119\" id=\"_258eeca0-cab0-437c-9b1d-c6aa0e4e84f5\"><tr><td class=\"c n x1a7 y3c5e w303 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xb57 y3c5e w304 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Period exer<span class=\"_ _1\"></span>cisable</div></td><td class=\"c n xb58 y3c5e w305 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Exer<span class=\"_ _1\"></span>cise price<span class=\"_ _393\"> </span></div></td><td class=\"c n xb59 y3c5e w306 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5a y3c5e w307 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x36b y3cb5 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3cb5 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 w308 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30/07/2019<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c96 w309 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2024 to 01/03/2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c96 w30a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">360.16p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5d y3c96 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5e y3c96 w17f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">832<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w308 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29/07/2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c5f w309 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2023 to 01/03/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c5f w30a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">278.56p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5d y3c5f w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5f y3c5f w30b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6,461<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w308 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29/07/2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c60 w309 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2025 to 01/03/2026<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c60 w30a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">278.56p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb60 y3c60 w2f0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">132,991<span class=\"_ _393\"> </span></div></td><td class=\"c n xb61 y3c60 w2f1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400,804<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w308 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">28/07/2021<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c40 w309 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2024 to 01/03/2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c40 w30a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">424.00p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5d y3c40 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb62 y3c40 w302 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">62,638<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w308 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">28/07/2021<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3cb6 w309 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2026 to 01/03/2027<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3cb6 w30a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">424.00p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb63 y3cb6 w2ed hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">48,318<span class=\"_ _393\"> </span></div></td><td class=\"c n xb64 y3cb6 w302 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">48,671<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w308 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27/07/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c97 w309 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2025 to 01/03/2026<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c97 w30a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.20p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb60 y3c97 w2f0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">108,011<span class=\"_ _393\"> </span></div></td><td class=\"c n xb61 y3c97 w2f1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">485,510<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w308 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27/07/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c61 w309 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2027 to 01/03/2028<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c61 w30a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.20p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb63 y3c61 w2ed hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81,580<span class=\"_ _393\"> </span></div></td><td class=\"c n xb64 y3c61 w302 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">93,388<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/09/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c63 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/10/2026 to 01/04/2027<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c63 w30a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.40p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb60 y3c63 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">875,404<span class=\"_ _393\"> </span></div></td><td class=\"c n xb61 y3c63 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">925,076<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/09/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c4e w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/10/2028 to 01/04/2029<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c4e w30a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">400.40p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb60 y3c4e w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">163,034<span class=\"_ _393\"> </span></div></td><td class=\"c n xb61 y3c4e w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">188,287<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31/07/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3cb2 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2027 to 01/03/2028<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3cb2 w30a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">603.20p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb60 y3cb2 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">277,856<span class=\"_ _393\"> </span></div></td><td class=\"c n xb61 y3cb2 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">306,609<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31/07/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c98 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2029 to 01/03/2030<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c98 w30a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">603.20p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb63 y3c98 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41,521<span class=\"_ _393\"> </span></div></td><td class=\"c n xb64 y3c98 w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">60,481<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31/07/2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c62 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2028 to 01/03/2029<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c62 w30a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">754.80p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb60 y3c62 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">333,955<span class=\"_ _393\"> </span></div></td><td class=\"c n xb65 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31/07/2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c65 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/09/2030 to 01/03/2031<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5c y3c65 w30a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">754.80p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb63 y3c65 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">69,249<span class=\"_ _393\"> </span></div></td><td class=\"c n xb66 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xb67 y3c48 w2e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,131,919<span class=\"_ _393\"> </span></div></td><td class=\"c n xb68 y3c48 w2ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,578,757<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs55f\">An option holder has <span class=\"_ _1\"></span>the legal right <span class=\"_ _1\"></span>to a payment holida<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> up t<span class=\"_ _1\"></span>o twelv<span class=\"_ _1\"></span>e months without <span class=\"_ _1\"></span>forfeiting <span class=\"_ _1\"></span>their rights. In such cases <span class=\"_ _1\"></span>the ex<span class=\"_ _1\"></span>ercise </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs560\">period would be de<span class=\"_ _1\"></span>ferred <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> an equivalent period o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>time and ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e options might be ex<span class=\"_ _1\"></span>ercised later<span class=\"_ _1\"></span> than <span class=\"_ _1\"></span>the date shown abo<span class=\"_ _1\"></span>ve. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs561\">In the e<span class=\"_ _1\"></span>vent of<span class=\"_ _1\"></span> the death or<span class=\"_ _0\"></span> redundancy o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the employee, <span class=\"_ _1\"></span>the ex<span class=\"_ _1\"></span>ercise period may<span class=\"_ _1\"></span> start or<span class=\"_ _1\"></span> end later<span class=\"_ _1\"></span> than stated abo<span class=\"_ _1\"></span>ve (<span class=\"_ _1\"></span>options </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs562\">may<span class=\"_ _1\"></span> be exer<span class=\"_ _1\"></span>cised up to <span class=\"_ _1\"></span>twelv<span class=\"_ _1\"></span>e months after <span class=\"_ _1\"></span>the holder\u2019<span class=\"_ _0\"></span>s decease). <span class=\"_ _1\"></span>Awar<span class=\"_ _1\"></span>ds lapse on cessation of<span class=\"_ _1\"></span> employment, other<span class=\"_ _1\"></span> than in \u2019<span class=\"_ _1\"></span>good </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs563\">leaver\u2019 cir<span class=\"_ _1\"></span>cumstances.<span class=\"_ _393\"> </span></div><div class=\"t m9 ha ff6 fs4 fc1 sc0 ls0 ws0 gs564\">The fair<span class=\"_ _0\"></span> value of<span class=\"_ _1\"></span> options granted is determined using a <span class=\"_ _1\"></span>trinomial model. Details of<span class=\"_ _1\"></span> the aw<span class=\"_ _1\"></span>ards made in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ended 30 Sep<span class=\"_ _1\"></span>tember 2025 </div><div class=\"t m9 ha ff6 fs4 fc1 sc0 ls0 ws0 gs565\">and the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024, ar<span class=\"_ _1\"></span>e shown below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs566\"><table class=\"s w30c he6\" id=\"_80a73a47-668e-405b-9868-6072112b70f7\"><tr><td class=\"c n x1a7 y3c60 w303 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xb69 y3c60 w30d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31/07/25<span class=\"_ _393\"> </span></div></td><td class=\"c n xb6a y3c60 w30d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31/07/25<span class=\"_ _393\"> </span></div></td><td class=\"c n xb6b y3c60 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31/07/24<span class=\"_ _393\"> </span></div></td><td class=\"c n xb6c y3c60 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31/07/24<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w30f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number of awar<span class=\"_ _1\"></span>ds grant<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n xb6d y3c40 w2fa hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">340,395<span class=\"_ _393\"> </span></div></td><td class=\"c n xb6e y3c40 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">70,069<span class=\"_ _393\"> </span></div></td><td class=\"c n xb6f y3c40 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">309,037<span class=\"_ _393\"> </span></div></td><td class=\"c n xb70 y3c40 w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">61,528<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w310 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mark<span class=\"_ _1\"></span>et price at date of gr<span class=\"_ _0\"></span>ant<span class=\"_ _393\"> </span></div></td><td class=\"c n xb71 y3cb6 w311 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">905.5p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb72 y3cb6 w312 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">905.5p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb73 y3cb6 w313 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">804.0p<span class=\"_ _393\"> </span></div></td><td class=\"c n xb38 y3cb6 w313 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">804.0p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w314 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Contractual lif<span class=\"_ _0\"></span>e (years)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb74 y3c97 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xb75 y3c97 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xb76 y3c97 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xb77 y3c97 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w315 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair v<span class=\"_ _1\"></span>alue per share at da<span class=\"_ _1\"></span>te of gran<span class=\"_ _1\"></span>t (\u00a3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb78 y3c61 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.89<span class=\"_ _393\"> </span></div></td><td class=\"c n xb79 y3c61 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.89<span class=\"_ _393\"> </span></div></td><td class=\"c n xb7a y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.88<span class=\"_ _393\"> </span></div></td><td class=\"c n xb7b y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.95<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3de3 ff49 fs4 fc1 sc0 ls0 ws0\">Inputs to valua<span class=\"_ _1\"></span>tion model<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cb2 w316 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Expected volatility<span class=\"_ _393\"> </span></div></td><td class=\"c n xb7c y3cb2 w172 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29.47%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb7d y3cb2 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">30.88%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb7e y3cb2 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29.02%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb7f y3cb2 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">35.97%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w317 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Expected lif<span class=\"_ _1\"></span>e at gran<span class=\"_ _1\"></span>t date (year<span class=\"_ _1\"></span>s)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb80 y3c98 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.44<span class=\"_ _393\"> </span></div></td><td class=\"c n xb81 y3c98 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.43<span class=\"_ _393\"> </span></div></td><td class=\"c n xb82 y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.43<span class=\"_ _393\"> </span></div></td><td class=\"c n xb83 y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.41<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w318 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Risk<span class=\"_ _1\"></span>-free int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td><td class=\"c n xb84 y3c62 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.82%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb85 y3c62 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.03%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb86 y3c62 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.78%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb87 y3c62 w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.71%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w319 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Expected annual dividend yield<span class=\"_ _393\"> </span></div></td><td class=\"c n xb88 y3c65 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.51%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb89 y3c65 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.51%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb8a y3c65 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.93%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb8b y3c65 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.93%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w31a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Expected annual departures<span class=\"_ _393\"> </span></div></td><td class=\"c n xb8c y3c48 w15a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb8d y3c48 w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb8e y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb8f y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.00%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs567\">The expected <span class=\"_ _1\"></span>volatility<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the shar<span class=\"_ _1\"></span>e price used in determining the <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>three-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> schemes is based on the annualised </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs568\">standard de<span class=\"_ _1\"></span>viation of daily<span class=\"_ _0\"></span> changes in price over<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>three <span class=\"_ _1\"></span>years pr<span class=\"_ _1\"></span>eceding the grant<span class=\"_ _1\"></span> date. T<span class=\"_ _1\"></span>he five-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> schemes use share price data </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws13 gs569\">for<span class=\"_ _1\"></span> the preceding five years.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs56b\">(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Paragon P<span class=\"_ _1\"></span>erformance Share Plan (\u2018PSP\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs56c\">PSP aw<span class=\"_ _1\"></span>ards ar<span class=\"_ _1\"></span>e made annually<span class=\"_ _1\"></span> to ex<span class=\"_ _1\"></span>ecutive dir<span class=\"_ _1\"></span>ectors and other<span class=\"_ _1\"></span> senior<span class=\"_ _1\"></span> employees as part o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>their <span class=\"_ _1\"></span>variable r<span class=\"_ _1\"></span>emuneration. <span class=\"_ _1\"></span>The grantees, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs56d\">and the <span class=\"_ _1\"></span>values of<span class=\"_ _1\"></span> their<span class=\"_ _0\"></span> grants, are appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the R<span class=\"_ _1\"></span>emuneration Committee. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs56e\">These awar<span class=\"_ _1\"></span>ds ar<span class=\"_ _1\"></span>e the principal means of<span class=\"_ _1\"></span> delivering def<span class=\"_ _1\"></span>erred <span class=\"_ _1\"></span>variable r<span class=\"_ _1\"></span>emuneration t<span class=\"_ _1\"></span>o executiv<span class=\"_ _1\"></span>e directors and Mat<span class=\"_ _1\"></span>erial Risk <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>aker<span class=\"_ _1\"></span>s </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs56f\">(\u2018MRT\u2019<span class=\"_ _0\"></span>s) in accordance <span class=\"_ _1\"></span>with regulatory<span class=\"_ _1\"></span> remuner<span class=\"_ _1\"></span>ation requir<span class=\"_ _1\"></span>ements, although these ar<span class=\"_ _1\"></span>e not the only<span class=\"_ _0\"></span> employees to r<span class=\"_ _1\"></span>eceive such aw<span class=\"_ _1\"></span>ards.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs570\">Awar<span class=\"_ _1\"></span>ds under<span class=\"_ _1\"></span> this plan comprise a right <span class=\"_ _1\"></span>to acquire or<span class=\"_ _1\"></span>dinary shar<span class=\"_ _1\"></span>es in the Compan<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> nil or nominal payment<span class=\"_ _1\"></span> and are subject <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs571\">performance criteria measur<span class=\"_ _1\"></span>ed over<span class=\"_ _0\"></span> a three-y<span class=\"_ _1\"></span>ear period beginning <span class=\"_ _1\"></span>with the <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear including <span class=\"_ _1\"></span>the date of<span class=\"_ _1\"></span> grant (the \u2018test period\u2019).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs572\">Awar<span class=\"_ _1\"></span>ds v<span class=\"_ _1\"></span>est on the dat<span class=\"_ _1\"></span>e on which <span class=\"_ _1\"></span>the Remuneration Committee det<span class=\"_ _1\"></span>ermines the extent <span class=\"_ _1\"></span>to which <span class=\"_ _1\"></span>the performance conditions ha<span class=\"_ _1\"></span>ve </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs573\">been satisfied. F<span class=\"_ _0\"></span>or employees, o<span class=\"_ _1\"></span>ther <span class=\"_ _1\"></span>than the ex<span class=\"_ _1\"></span>ecutive dir<span class=\"_ _1\"></span>ectors and <span class=\"_ _1\"></span>those other emplo<span class=\"_ _1\"></span>yees identified as MRT<span class=\"_ _e\"></span>s for r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs574\">purposes, awar<span class=\"_ _1\"></span>ds may<span class=\"_ _1\"></span> be exer<span class=\"_ _1\"></span>cised fr<span class=\"_ _1\"></span>om the <span class=\"_ _1\"></span>vesting date <span class=\"_ _1\"></span>to the da<span class=\"_ _1\"></span>y bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the tenth anniv<span class=\"_ _1\"></span>ersary o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the grant date. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs575\">Executiv<span class=\"_ _1\"></span>e directors<span class=\"_ _1\"></span>\u2019 awar<span class=\"_ _1\"></span>ds made in 2020 and 2021 ar<span class=\"_ _1\"></span>e exer<span class=\"_ _1\"></span>cisable fr<span class=\"_ _1\"></span>om the <span class=\"_ _1\"></span>time of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s fifth r<span class=\"_ _1\"></span>esults announcement after<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs576\">date of<span class=\"_ _1\"></span> the grant <span class=\"_ _1\"></span>to the da<span class=\"_ _1\"></span>y bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the tenth anniv<span class=\"_ _1\"></span>ersary o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the grant date. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs577\">V<span class=\"_ _1\"></span>ested aw<span class=\"_ _1\"></span>ards made <span class=\"_ _1\"></span>to the ex<span class=\"_ _1\"></span>ecutive dir<span class=\"_ _1\"></span>ectors and other<span class=\"_ _1\"></span> MRT<span class=\"_ _0\"></span>s in December<span class=\"_ _1\"></span> 2022, December<span class=\"_ _1\"></span> 2023 and December 2024 become </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs578\">exer<span class=\"_ _1\"></span>cisable in annual instalments between <span class=\"_ _1\"></span>the end of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>test period and the se<span class=\"_ _1\"></span>venth anniv<span class=\"_ _1\"></span>ersary o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the grant date. <span class=\"_ _1\"></span>The maximum </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs579\">deferral period is based on <span class=\"_ _1\"></span>the regulatory<span class=\"_ _0\"></span> classification of the individual MRT<span class=\"_ _0\"></span>. T<span class=\"_ _1\"></span>he latest possible ex<span class=\"_ _1\"></span>ercise date is <span class=\"_ _1\"></span>the day<span class=\"_ _1\"></span> befor<span class=\"_ _1\"></span>e the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs57a\">tenth anniversary<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the grant<span class=\"_ _1\"></span> date.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs57b\">Where perf<span class=\"_ _1\"></span>ormance conditions are not me<span class=\"_ _1\"></span>t in full, aw<span class=\"_ _1\"></span>ards lapse at <span class=\"_ _1\"></span>the point at which <span class=\"_ _1\"></span>the determination is made. <span class=\"_ _1\"></span>Aw<span class=\"_ _1\"></span>ards <span class=\"_ _1\"></span>will also lapse </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs57c\">on cessation of emplo<span class=\"_ _1\"></span>yment during the <span class=\"_ _1\"></span>test period, other<span class=\"_ _0\"></span> than in \u2018good leav<span class=\"_ _1\"></span>er\u2019 circumstances. Malus and clawback<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>visions apply <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs57d\">awar<span class=\"_ _1\"></span>ds granted under<span class=\"_ _1\"></span> the PSP<span class=\"_ _1\"></span> as detailed in the Dir<span class=\"_ _1\"></span>ectors<span class=\"_ _1\"></span>\u2019 Remuneration P<span class=\"_ _1\"></span>olicy<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs57e\">The conditional entitlements outstanding under<span class=\"_ _1\"></span> this scheme at 30 September<span class=\"_ _0\"></span> 2025 and 30 September 2024 w<span class=\"_ _1\"></span>ere:<span class=\"_ _393\"> </span></div><div class=\"gs57f\"><table class=\"s w31b h111\" id=\"_e544d3ab-5de9-4fa4-a995-c7001179fa6a\"><tr><td class=\"c n x1a7 y3c58 w303 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xb57 y3c58 w304 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Period exer<span class=\"_ _1\"></span>cisable<span class=\"_ _393\"> </span></div></td><td class=\"c n xb90 y3c58 w306 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td><td class=\"c n xb91 y3c58 w307 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3cb y3c59 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c59 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5a w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18/12/2014<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c5a w31c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18/12/2017 to 17/12/2024 \u2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb93 y3c5a w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb94 y3c5a w2cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,465<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5b w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22/12/2015<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c5b w31c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22/12/2018 to 21/12/2025 \u2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb93 y3c5b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb94 y3c5b w2cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,899<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c34 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/12/2016<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c34 w31c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/12/2019 to 30/11/2026 \u2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb95 y3c34 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21,853<span class=\"_ _393\"> </span></div></td><td class=\"c n xb96 y3c34 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26,406<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c35 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">08/12/2017<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c35 w31c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">03/12/2020 to 07/12/2027 \u2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb95 y3c35 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12,995<span class=\"_ _393\"> </span></div></td><td class=\"c n xb96 y3c35 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,664<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c36 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14/12/2018<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c36 w31c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14/12/2021 to 13/12/2028 \u2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb95 y3c36 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23,074<span class=\"_ _393\"> </span></div></td><td class=\"c n xb96 y3c36 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">33,883<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cdc w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">06/07/2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3cdc w31c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">06/12/2022 to 05/07/2030 \u2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb95 y3cdc w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">36,276<span class=\"_ _393\"> </span></div></td><td class=\"c n xb96 y3cdc w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">47,784<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cdd w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">06/07/2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3cdd w31c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">03/12/2024 to 05/07/2030 \u2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb93 y3cdd w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb97 y3cdd w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">474,210<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11/12/2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c38 w31c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">06/12/2023 to 10/12/2030 \u2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb95 y3c38 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">43,725<span class=\"_ _393\"> </span></div></td><td class=\"c n xb96 y3c38 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">85,512<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11/12/2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb98 y3c39 w31d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">03/12/2025* to 10/12/2030 \u2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb99 y3c39 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">371,859<span class=\"_ _393\"> </span></div></td><td class=\"c n xb9a y3c39 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">371,859<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb3 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2021<span class=\"_ _393\"> </span></div></td><td class=\"c n xb9b y3cb3 w31e hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">15/12/2024 to 14/12/2031 \u03bb<span class=\"_ _393\"> </span></div></td><td class=\"c n xb9c y3cb3 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">63,888<span class=\"_ _393\"> </span></div></td><td class=\"c n xb9d y3cb3 w2ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,030,106<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2021<span class=\"_ _393\"> </span></div></td><td class=\"c n xb9b y3c5d w31e hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">15/12/2026 to 14/12/2031 \u03bb<span class=\"_ _393\"> </span></div></td><td class=\"c n xb9e y3c5d w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">339,936<span class=\"_ _393\"> </span></div></td><td class=\"c n xb9f y3c5d w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">339,936<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c5e w31f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2025 to 15/12/2032 <span class=\"ff65\">\u00a5<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xba0 y3c5e w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">915,111<span class=\"_ _393\"> </span></div></td><td class=\"c n xba1 y3c5e w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">927,038<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c3c w31f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2026 to 15/12/2032 <span class=\"ff65\">\u00a5<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xba0 y3c3c w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">246,641<span class=\"_ _393\"> </span></div></td><td class=\"c n xba1 y3c3c w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">259,233<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c3d w31f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2027 to 15/12/2032 <span class=\"ff65\">\u00a5<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xba0 y3c3d w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">255,388<span class=\"_ _393\"> </span></div></td><td class=\"c n xba1 y3c3d w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">268,683<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c5f w31f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2028 to 15/12/2032 <span class=\"ff65\">\u00a5<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xba0 y3c5f w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">134,193<span class=\"_ _393\"> </span></div></td><td class=\"c n xba1 y3c5f w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">148,229<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c60 w31f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2029 to 15/12/2032 <span class=\"ff65\">\u00a5<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xba0 y3c60 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">141,691<span class=\"_ _393\"> </span></div></td><td class=\"c n xba1 y3c60 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">156,513<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xba2 y3c40 w320 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">15/12/2026 to 14/12/2033 \u03c6<span class=\"_ _393\"> </span></div></td><td class=\"c n xba3 y3c40 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">886,224<span class=\"_ _393\"> </span></div></td><td class=\"c n xba4 y3c40 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">897,767<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xba2 y3c41 w320 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">15/12/2027 to 14/12/2033 \u03c6<span class=\"_ _393\"> </span></div></td><td class=\"c n xba3 y3c41 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">259,513<span class=\"_ _393\"> </span></div></td><td class=\"c n xba4 y3c41 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">271,818<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xba2 y3c42 w320 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">15/12/2028 to 14/12/2033 \u03c6<span class=\"_ _393\"> </span></div></td><td class=\"c n xba3 y3c42 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">264,244<span class=\"_ _393\"> </span></div></td><td class=\"c n xba4 y3c42 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">277,361<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xba2 y3c61 w320 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">15/12/2029 to 14/12/2033 \u03c6<span class=\"_ _393\"> </span></div></td><td class=\"c n xba3 y3c61 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">133,310<span class=\"_ _393\"> </span></div></td><td class=\"c n xba4 y3c61 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">147,294<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xba2 y3c63 w320 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">15/12/2030 to 14/12/2033 \u03c6<span class=\"_ _393\"> </span></div></td><td class=\"c n xba3 y3c63 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">142,121<span class=\"_ _393\"> </span></div></td><td class=\"c n xba4 y3c63 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">157,030<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c4e w321 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">13/12/2027 t<span class=\"_ _1\"></span>o 12/12/2034 \u03b4<span class=\"_ _393\"> </span></div></td><td class=\"c n xba5 y3c4e w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">679,417<span class=\"_ _393\"> </span></div></td><td class=\"c n xba6 y3c4e w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c4f w321 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">13/12/2028 t<span class=\"_ _1\"></span>o 12/12/2034 \u03b4<span class=\"_ _393\"> </span></div></td><td class=\"c n xba5 y3c4f w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">193,290<span class=\"_ _393\"> </span></div></td><td class=\"c n xba6 y3c4f w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c98 w321 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">13/12/2029 t<span class=\"_ _1\"></span>o 12/12/2034 \u03b4<span class=\"_ _393\"> </span></div></td><td class=\"c n xba5 y3c98 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">197,942<span class=\"_ _393\"> </span></div></td><td class=\"c n xba6 y3c98 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c62 w321 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">13/12/2030 t<span class=\"_ _1\"></span>o 12/12/2034 \u03b4<span class=\"_ _393\"> </span></div></td><td class=\"c n xba7 y3c62 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">90,729<span class=\"_ _393\"> </span></div></td><td class=\"c n xba8 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb92 y3c65 w321 hc8\"><div class=\"t m0 x19e h4e y3c31 ff65 fs4 fc1 sc0 ls0 ws0\">13/12/2031 t<span class=\"_ _1\"></span>o 12/12/2034 \u03b4<span class=\"_ _393\"> </span></div></td><td class=\"c n xba7 y3c65 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">95,364<span class=\"_ _393\"> </span></div></td><td class=\"c n xba8 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xb39 y3c48 w2e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,548,784<span class=\"_ _393\"> </span></div></td><td class=\"c n xb3a y3c48 w2ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,939,690<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs580\">* Estimated date <span class=\"_ _b3\"> </span>  </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs581\">\u2020 <span class=\"_ _4\"></span>  <span class=\"_ _1c4\"></span>These awar<span class=\"_ _1\"></span>ds, which w<span class=\"_ _1\"></span>ere conditional on <span class=\"_ _1\"></span>the achiev<span class=\"_ _1\"></span>ement of<span class=\"_ _1\"></span> performance-based criteria, <span class=\"_ _1\"></span>vested bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the start of<span class=\"_ _1\"></span> the financial </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs582\">year<span class=\"_ _0\"></span>. Any<span class=\"_ _0\"></span> reduction in entitlements resulting fr<span class=\"_ _1\"></span>om the application o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>those criteria is reflect<span class=\"_ _1\"></span>ed in the numbers abo<span class=\"_ _1\"></span>ve.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff65 fs4 fc1 sc0 ls0 ws0 gs584\">\u03bb <span class=\"ff6\">These awar<span class=\"_ _1\"></span>ds w<span class=\"_ _1\"></span>ere subject <span class=\"_ _1\"></span>to performance crit<span class=\"_ _1\"></span>eria, assessed over<span class=\"_ _1\"></span> a period of<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee financial <span class=\"_ _1\"></span>years, starting <span class=\"_ _1\"></span>with the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> grant.</span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs585\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>25% to a <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>otal Shar<span class=\"_ _1\"></span>eholder<span class=\"_ _1\"></span> Return (\u2018TSR\u2019) <span class=\"_ _1\"></span>test based on a ranking o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company\u2019<span class=\"_ _0\"></span>s TSR against<span class=\"_ _1\"></span> those of<span class=\"_ _1\"></span> a comparator<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs586\">group of<span class=\"_ _0\"></span> UK listed financial services companies, determined at <span class=\"_ _1\"></span>the date of gr<span class=\"_ _1\"></span>ant. T<span class=\"_ _1\"></span>his tranche <span class=\"_ _1\"></span>vests in <span class=\"_ _1\"></span>full for<span class=\"_ _1\"></span> upper<span class=\"_ _1\"></span> quartile </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs587\">performance, 25% <span class=\"_ _1\"></span>vests f<span class=\"_ _1\"></span>or median perf<span class=\"_ _1\"></span>ormance and vesting be<span class=\"_ _1\"></span>tween those points is de<span class=\"_ _1\"></span>termined on a straight-line basis</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs588\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>25% to an EPS <span class=\"_ _1\"></span>test. T<span class=\"_ _1\"></span>his tranche <span class=\"_ _1\"></span>vests in <span class=\"_ _1\"></span>full if basic EPS <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the thir<span class=\"_ _1\"></span>d y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the test period is at<span class=\"_ _1\"></span> least 72.0p, 25% <span class=\"_ _0\"></span>vesting if EPS </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs589\">in this <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> is 63.0p and <span class=\"_ _1\"></span>vesting betw<span class=\"_ _1\"></span>een those points on a straight<span class=\"_ _1\"></span>-line basis</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs58a\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>25% to a risk <span class=\"_ _1\"></span>test. <span class=\"_ _1\"></span>The risk condition comprises tw<span class=\"_ _1\"></span>o components. 50% of<span class=\"_ _1\"></span> the risk element is based on an assessment<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs58b\">CRO of <span class=\"_ _1\"></span>the six ke<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> measures of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s risk appetite: regulatory<span class=\"_ _1\"></span> br<span class=\"_ _1\"></span>eaches; conduct; operational risk incidents; capital and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs58c\">liquidity; and credit losses. <span class=\"_ _0\"></span>The remaining 50% is based on a strategic risk assessment r<span class=\"_ _1\"></span>eflecting the manag<span class=\"_ _1\"></span>ement of<span class=\"_ _1\"></span> risk as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs58d\">it impacts on the deliv<span class=\"_ _1\"></span>ery of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s medium term strategy<span class=\"_ _0\"></span>. F<span class=\"_ _1\"></span>ollowing the R<span class=\"_ _1\"></span>emuneration Committee<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s assessment, the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs58e\">tranche will <span class=\"_ _1\"></span>vest be<span class=\"_ _1\"></span>tween 0% and 100%</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs58f\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>12.5% of <span class=\"_ _1\"></span>the grant is determined based on a cust<span class=\"_ _1\"></span>omer service condition. <span class=\"_ _1\"></span>This condition is based on <span class=\"_ _1\"></span>the performance of<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs590\">Group against<span class=\"_ _1\"></span> its most significant customer<span class=\"_ _1\"></span> service metrics including insight f<span class=\"_ _1\"></span>eedback on ke<span class=\"_ _1\"></span>y pr<span class=\"_ _1\"></span>oduct lines and complaint </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs591\">lev<span class=\"_ _1\"></span>els. The R<span class=\"_ _1\"></span>emuneration Committee <span class=\"_ _1\"></span>will determine the e<span class=\"_ _1\"></span>xtent to <span class=\"_ _1\"></span>which the condition has been me<span class=\"_ _1\"></span>t between 0% and 100%. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs592\">50% of <span class=\"_ _1\"></span>this tr<span class=\"_ _1\"></span>anche will <span class=\"_ _1\"></span>vest <span class=\"_ _1\"></span>for on-<span class=\"_ _1\"></span>target<span class=\"_ _1\"></span> performance, below<span class=\"_ _1\"></span> a 25% thr<span class=\"_ _1\"></span>eshold no v<span class=\"_ _1\"></span>esting will occur</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs593\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>12.5% of <span class=\"_ _1\"></span>the grant is determined based on a people <span class=\"_ _1\"></span>test. <span class=\"_ _1\"></span>The people test<span class=\"_ _1\"></span> is based on the performance o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group against </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs594\">its most significant employment me<span class=\"_ _1\"></span>trics including employee eng<span class=\"_ _1\"></span>agement, <span class=\"_ _1\"></span>voluntary<span class=\"_ _1\"></span> attrition and gender div<span class=\"_ _1\"></span>ersity<span class=\"_ _1\"></span> levels. <span class=\"_ _0\"></span>The </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs595\">Remuneration Committee <span class=\"_ _1\"></span>will determine <span class=\"_ _1\"></span>the extent <span class=\"_ _1\"></span>to which <span class=\"_ _1\"></span>the condition has been met between 0% and 100%. 50% o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs596\">tranche will <span class=\"_ _1\"></span>vest <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> on-targ<span class=\"_ _1\"></span>et performance, below<span class=\"_ _1\"></span> a 25% thr<span class=\"_ _1\"></span>eshold no v<span class=\"_ _1\"></span>esting will occur</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs597\"> <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>An \u2018underpin\u2019 condition also operates, such <span class=\"_ _1\"></span>that the R<span class=\"_ _1\"></span>emuneration Committee has to be satisfied <span class=\"_ _1\"></span>with the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s underlying </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs598\">financial performance ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the performance period. <span class=\"_ _1\"></span>An individual performance condition r<span class=\"_ _1\"></span>elating to <span class=\"_ _1\"></span>the grantee<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s performance in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs599\">the final financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span> of the <span class=\"_ _1\"></span>test period also applies.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff65 fs4 fc1 sc0 ls0 ws0 gs59a\">\u00a5<span class=\"ff4a\"> <span class=\"ff6\">These awar<span class=\"_ _1\"></span>ds ar<span class=\"_ _1\"></span>e subject to perf<span class=\"_ _1\"></span>ormance criteria, similar <span class=\"_ _1\"></span>to those described at <span class=\"ff65\">\u03bb</span> abo<span class=\"_ _1\"></span>ve ex<span class=\"_ _1\"></span>cept <span class=\"_ _1\"></span>that:</span></span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs59b\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Under <span class=\"_ _1\"></span>the EPS condition full <span class=\"_ _1\"></span>vesting occurs if<span class=\"_ _1\"></span> EPS for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>third <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>test period is at least 88.<span class=\"_ _0\"></span>1p, 25% vesting if<span class=\"_ _1\"></span> EPS in this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs59c\">year<span class=\"_ _1\"></span> is 7<span class=\"_ _1\"></span>4.4p and <span class=\"_ _1\"></span>vesting be<span class=\"_ _1\"></span>tween those points on a str<span class=\"_ _1\"></span>aight-line basis</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs59d\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The risk condition relat<span class=\"_ _1\"></span>es to 20% of<span class=\"_ _1\"></span> the gr<span class=\"_ _1\"></span>ant, the customer<span class=\"_ _1\"></span> service condition applies to 10% o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the grant and <span class=\"_ _1\"></span>the people </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs59e\">condition relates <span class=\"_ _1\"></span>to 10% of<span class=\"_ _1\"></span> the grant</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs59f\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span>The 25% and 50% v<span class=\"_ _1\"></span>esting thr<span class=\"_ _1\"></span>esholds no longer<span class=\"_ _1\"></span> apply <span class=\"_ _1\"></span>to the customer<span class=\"_ _0\"></span> service and people conditions</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5a0\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>10% of <span class=\"_ _1\"></span>the grant r<span class=\"_ _1\"></span>elates to a climat<span class=\"_ _1\"></span>e condition. The climat<span class=\"_ _1\"></span>e condition is based on the performance o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group against its most<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5a1\">significant climate-relat<span class=\"_ _1\"></span>ed targ<span class=\"_ _1\"></span>ets, including the de<span class=\"_ _1\"></span>velopment of<span class=\"_ _1\"></span> sy<span class=\"_ _1\"></span>stems t<span class=\"_ _1\"></span>o quantify and manage its climat<span class=\"_ _1\"></span>e-related impacts<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff65 fs4 fc1 sc0 ls0 ws0 gs5a2\">\u03c6 <span class=\"ff6\">These awar<span class=\"_ _1\"></span>ds ar<span class=\"_ _1\"></span>e subject to perf<span class=\"_ _1\"></span>ormance criteria, similar <span class=\"_ _1\"></span>to those describe at <span class=\"ff65\">\u00a5</span> abo<span class=\"_ _1\"></span>ve, ex<span class=\"_ _1\"></span>cept <span class=\"_ _1\"></span>that: </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5a3\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Under <span class=\"_ _1\"></span>the EPS condition, full <span class=\"_ _1\"></span>vesting occurs if<span class=\"_ _1\"></span> EPS for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>third <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>test period is at least 100<span class=\"_ _1\"></span>.0p<span class=\"_ _1\"></span>, 25% vesting if<span class=\"_ _0\"></span> EPS in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5a4\">that y<span class=\"_ _1\"></span>ear is 80<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0p and vesting be<span class=\"_ _1\"></span>tween those points is on a str<span class=\"_ _1\"></span>aight-line basis</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5a5\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The diversity<span class=\"_ _1\"></span> element of<span class=\"_ _1\"></span> the people condition is based on <span class=\"_ _1\"></span>wider div<span class=\"_ _1\"></span>ersity o<span class=\"_ _1\"></span>f senior<span class=\"_ _1\"></span> management r<span class=\"_ _1\"></span>ather <span class=\"_ _1\"></span>than simply g<span class=\"_ _1\"></span>ender </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5a6\">diversity<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5a7\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The climate condition is based on: operational f<span class=\"_ _1\"></span>ootprint emission r<span class=\"_ _1\"></span>eduction; financed emissions decarbonisation assessments; </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5a8\">sustainable products; and education and engag<span class=\"_ _1\"></span>ement<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff65 fs4 fc1 sc0 ls0 ws0 gs5a9\">\u03b4 <span class=\"ff6\">These awar<span class=\"_ _1\"></span>ds ar<span class=\"_ _1\"></span>e subject to perf<span class=\"_ _1\"></span>ormance criteria, similar <span class=\"_ _1\"></span>to those described at <span class=\"ff65\">\u03c6</span> abo<span class=\"_ _1\"></span>ve, ex<span class=\"_ _1\"></span>cept <span class=\"_ _1\"></span>that:</span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5aa\"> <span class=\"_ _b2\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Under <span class=\"_ _1\"></span>the EPS condition, full <span class=\"_ _1\"></span>vesting occurs if<span class=\"_ _1\"></span> EPS for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>third <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>test period is at least 125.<span class=\"_ _1\"></span>0p, 25% <span class=\"_ _1\"></span>vesting if EPS in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5ab\">that y<span class=\"_ _1\"></span>ear is 104<span class=\"_ _1\"></span>.0p and <span class=\"_ _1\"></span>vesting betw<span class=\"_ _1\"></span>een those points is on a straight<span class=\"_ _1\"></span>-line basis<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5ac\">On exer<span class=\"_ _1\"></span>cise, holders of<span class=\"_ _1\"></span> awar<span class=\"_ _1\"></span>ds granted betw<span class=\"_ _1\"></span>een December 2014 and December<span class=\"_ _0\"></span> 2021 receive a payment equiv<span class=\"_ _1\"></span>alent to <span class=\"_ _1\"></span>the dividends </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5ad\">accruing on the <span class=\"_ _1\"></span>vested shar<span class=\"_ _1\"></span>es during the <span class=\"_ _1\"></span>vesting period. No such payment<span class=\"_ _1\"></span> is made in respect o<span class=\"_ _1\"></span>f aw<span class=\"_ _1\"></span>ards grant<span class=\"_ _1\"></span>ed at other<span class=\"_ _1\"></span> dates.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5ae\">The fair<span class=\"_ _0\"></span> value of<span class=\"_ _1\"></span> awar<span class=\"_ _1\"></span>ds granted under<span class=\"_ _1\"></span> the PSP<span class=\"_ _1\"></span> is determined using a Monte Carlo simulation model, <span class=\"_ _1\"></span>to tak<span class=\"_ _1\"></span>e account of<span class=\"_ _1\"></span> the eff<span class=\"_ _1\"></span>ect of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5af\">the market based condition. F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>values ar<span class=\"_ _0\"></span>e calculated separately f<span class=\"_ _1\"></span>or grant<span class=\"_ _1\"></span> elements which became ex<span class=\"_ _1\"></span>ercisable at diff<span class=\"_ _1\"></span>erent dat<span class=\"_ _1\"></span>es to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5b0\">allow <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the impact o<span class=\"_ _1\"></span>f dividends. <span class=\"_ _1\"></span>The principal inputs <span class=\"_ _1\"></span>to this model f<span class=\"_ _1\"></span>or gr<span class=\"_ _1\"></span>ants made in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5b1\">year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024 are sho<span class=\"_ _1\"></span>wn below:<span class=\"_ _393\"> </span></div><div class=\"gs5b2\"><table class=\"s w322 hd6\" id=\"_bcf8b8d9-5fc3-4e9f-8696-3381fb942d45\"><tr><td class=\"c n x1a7 y3c4e w303 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xba9 y3c4e w30d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13/12/24<span class=\"_ _393\"> </span></div></td><td class=\"c n xbaa y3c4e w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/23<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w310 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mark<span class=\"_ _1\"></span>et price at date of gr<span class=\"_ _0\"></span>ant<span class=\"_ _393\"> </span></div></td><td class=\"c n xbab y3c4f w312 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">777.5p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbac y3c4f w323 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">627.5p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w314 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Contractual lif<span class=\"_ _0\"></span>e (years)<span class=\"_ _393\"> </span></div></td><td class=\"c n xbad y3c98 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xbae y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w316 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Expected volatility<span class=\"_ _393\"> </span></div></td><td class=\"c n x497 y3c62 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29.59%<span class=\"_ _393\"> </span></div></td><td class=\"c n xbaf y3c62 w163 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30.01%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w318 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Risk<span class=\"_ _1\"></span>-free int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td><td class=\"c n x58f y3c65 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.02%<span class=\"_ _393\"> </span></div></td><td class=\"c n x4df y3c65 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.85%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w319 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Expected annual dividend yield<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f5 y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.20%<span class=\"_ _393\"> </span></div></td><td class=\"c n x563 y3c48 w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.96%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5b3\">F<span class=\"_ _0\"></span>or all the abov<span class=\"_ _1\"></span>e grants no departur<span class=\"_ _1\"></span>es are expect<span class=\"_ _1\"></span>ed, and grantees are e<span class=\"_ _1\"></span>xpected to e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cise awar<span class=\"_ _1\"></span>ds at the earliest opportunity<span class=\"_ _0\"></span>. The </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5b4\">expected <span class=\"_ _1\"></span>volatility<span class=\"_ _1\"></span> is based on the annualised standard de<span class=\"_ _1\"></span>viation of<span class=\"_ _1\"></span> daily chang<span class=\"_ _1\"></span>es in price over<span class=\"_ _0\"></span> the three <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span>s preceding <span class=\"_ _1\"></span>the grant date. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs5b5\">F<span class=\"_ _0\"></span>or the purposes of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>valuation, non-mark<span class=\"_ _1\"></span>et conditions ar<span class=\"_ _1\"></span>e assumed to be achie<span class=\"_ _1\"></span>ved 100% although <span class=\"_ _1\"></span>this is unlikely<span class=\"_ _1\"></span> to occur<span class=\"_ _0\"></span> in practice.<span class=\"_ _393\"> </span></div><div class=\"gs1d6\"><table class=\"s w324 h11a\" id=\"_925326ba-d25f-4a29-8824-f48110866259\"><tr><td></td><td></td><td></td><td class=\"t m0 xbb0 ha y3de4 ff6 fs4 fc1 sc0 ls8 ws0\">The number<span class=\"_ _1\"></span> of aw<span class=\"_ _1\"></span>ards gr<span class=\"_ _1\"></span>anted and their<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>values f<span class=\"_ _1\"></span>or IFRS 2 purposes are se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></td><td></td></tr><tr><td class=\"c n x1a7 y3de5 w303 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb1 y3de5 w30d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13/12/24<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xbb2 y3de5 w30d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15/12/23<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3de6 ff49 fs4 fc1 sc0 ls0 ws0\">Time to ex<span class=\"_ _1\"></span>ercise<span class=\"_ _393\"> </span></td><td class=\"c n xbb3 y3de7 w325 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number of awards<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb4 y3de7 w326 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">IFRS 2 fair value<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb5 y3de7 w327 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number of awards<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb6 y3de7 w328 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">IFRS 2 f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3de8 ff49 fs4 fc1 sc0 ls0 ws0\">(Y<span class=\"_ _0\"></span>ears)<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e w16 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb7 y3c4e w2fa hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">679,417<span class=\"_ _393\"> </span></div></td><td class=\"c n xb7c y3c4e w329 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">607.64p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb8 y3c4e w2f1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">897,767<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb9 y3c4e w32a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">403.29p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w16 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb7 y3c4f w2fa hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">193,290<span class=\"_ _393\"> </span></div></td><td class=\"c n xb7c y3c4f w329 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">578.88p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb8 y3c4f w2f1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">271,818<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb9 y3c4f w32a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">388.63p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w16 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb7 y3c98 w2fa hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">197,942<span class=\"_ _393\"> </span></div></td><td class=\"c n xb7c y3c98 w329 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">551.94p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb8 y3c98 w2f1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">277,361<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb9 y3c98 w32a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">372.89p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w16 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6<span class=\"_ _393\"> </span></div></td><td class=\"c n xbba y3c62 w2ed hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">90,729<span class=\"_ _393\"> </span></div></td><td class=\"c n xbbb y3c62 w32b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">525.96p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbbc y3c62 w2f1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">147,294<span class=\"_ _393\"> </span></div></td><td class=\"c n xbbd y3c62 w32a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">356.71p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w16 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7<span class=\"_ _393\"> </span></div></td><td class=\"c n xbba y3c65 w2ed hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">95,364<span class=\"_ _393\"> </span></div></td><td class=\"c n xbbb y3c65 w32b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">500.98p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbbc y3c65 w2f1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">157,030<span class=\"_ _393\"> </span></div></td><td class=\"c n xbbd y3c65 w32a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">340.46p<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xbbe y3c48 w2e9 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,256,742<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xbbf y3c48 w2ea hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,751,270<span class=\"_ _393\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs5b7\">(c<span class=\"_ _0\"></span>)  <span class=\"_ _b2\"> </span>Company Share Option Plan (\u2018CSOP\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5b8\">Befor<span class=\"_ _1\"></span>e its amendment at the 2023 <span class=\"_ _0\"></span>AGM, the PSP<span class=\"_ _1\"></span> included a tax adv<span class=\"_ _1\"></span>antaged element under<span class=\"_ _1\"></span> which CSOP<span class=\"_ _1\"></span> options could be granted. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5b9\">The CSOPs may<span class=\"_ _1\"></span> be ex<span class=\"_ _1\"></span>ercised alongside <span class=\"_ _1\"></span>their accompan<span class=\"_ _1\"></span>ying PSPs based upon the ex<span class=\"_ _1\"></span>ercise price <span class=\"_ _1\"></span>that <span class=\"_ _1\"></span>was set at <span class=\"_ _1\"></span>the grant date. No </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5ba\">new<span class=\"_ _1\"></span> CSOP aw<span class=\"_ _1\"></span>ards <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e made in the <span class=\"_ _1\"></span>years ended 30 Sept<span class=\"_ _1\"></span>ember 2025 or<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2024, and <span class=\"_ _1\"></span>the current PSP<span class=\"_ _0\"></span> rules contain no </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5bb\">pro<span class=\"_ _1\"></span>vision to mak<span class=\"_ _1\"></span>e CSOP gr<span class=\"_ _1\"></span>ants.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5bc\">A r<span class=\"_ _1\"></span>econciliation of<span class=\"_ _1\"></span> mov<span class=\"_ _1\"></span>ements in the number<span class=\"_ _1\"></span> and w<span class=\"_ _1\"></span>eighted aver<span class=\"_ _1\"></span>age ex<span class=\"_ _1\"></span>ercise price of<span class=\"_ _1\"></span> CSOP<span class=\"_ _1\"></span> options ov<span class=\"_ _1\"></span>er \u00a31 or<span class=\"_ _1\"></span>dinary shar<span class=\"_ _1\"></span>es during the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5bd\">year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 and the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024 is shown below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs5be\"><table class=\"s w32c h11b\" id=\"_947d50c4-e2a8-4b9c-9ab1-8de6656c63ea\"><tr><td></td><td class=\"c n x4e2 y3c4a w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c4a w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c4a w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c4a w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xb3b y3de9 w272 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number</div></td><td class=\"c n xb3c y3de9 w2f3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws49\">Weight<span class=\"_ _1\"></span>ed aver<span class=\"_ _1\"></span>age<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c1 y3dea w273 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Number</div></td><td class=\"c n xb3d y3dea w2f4 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Weigh<span class=\"_ _1\"></span>ted av<span class=\"_ _1\"></span>erag<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 xa58 h4e y3deb ff49 fs4 fc1 sc0 ls0 ws0\">ex<span class=\"_ _1\"></span>ercise price<span class=\"_ _393\"> </span></td><td></td><td class=\"t m0 xb3e h52 y3deb ff4a fs4 fc1 sc0 ls0 ws0\">ex<span class=\"_ _1\"></span>ercise price<span class=\"_ _393\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xb3f y3c43 w2f5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">p<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb40 y3c43 w2f6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3dec ff49 fs4 fc1 sc0 ls0 ws0\">Options outstanding<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4e w226 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc0 y3c4e w32d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">32,940<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc1 y3c4e w2f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">390.17<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc2 y3c4e w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">56,591<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc3 y3c4e w2fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">402.29<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w2fc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Exer<span class=\"_ _1\"></span>cised or surrendered in the y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc4 y3c4f w32e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(13,689)<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc5 y3c4f w2f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">398.43<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc6 y3c4f w32f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(23,651)<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc7 y3c4f w2f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">419.16<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w2ff hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lapsed during the year<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc8 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xbc9 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xbca y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xbcb y3c45 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xbcc y3c50 w32d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,251<span class=\"_ _393\"> </span></div></td><td class=\"c n xbcd y3c50 w2f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">384.30<span class=\"_ _393\"> </span></div></td><td class=\"c n xbce y3c50 w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">32,940<span class=\"_ _393\"> </span></div></td><td class=\"c n xbcf y3c50 w2fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">390.17<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w300 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Options ex<span class=\"_ _1\"></span>ercisable<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd0 y3c48 w32d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,251<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd1 y3c48 w2f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">384.30<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd2 y3c48 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">32,940<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd3 y3c48 w2f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">390.17<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5bf\">The w<span class=\"_ _1\"></span>eighted av<span class=\"_ _1\"></span>erage r<span class=\"_ _1\"></span>emaining contractual life of<span class=\"_ _1\"></span> options outstanding at 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>was 20<span class=\"_ _1\"></span>.4 months (2024: 36.5 months). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5c0\">The w<span class=\"_ _1\"></span>eighted av<span class=\"_ _1\"></span>erage mark<span class=\"_ _1\"></span>et price at ex<span class=\"_ _1\"></span>ercise <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> share options ex<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>cised in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> was 810<span class=\"_ _0\"></span>.95p (2024: 699.<span class=\"_ _1\"></span>67p).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5c1\">The entitlements outstanding under<span class=\"_ _1\"></span> this scheme at 30 September<span class=\"_ _0\"></span> 2025 and 30 September 2024 w<span class=\"_ _1\"></span>ere:<span class=\"_ _393\"> </span></div><div class=\"gs5c2\"><table class=\"s w330 hd6\" id=\"_990eb637-97b9-4291-9cfd-8b449cbfebf1\"><tr><td class=\"c n x1a7 y3c4e w303 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xb57 y3c4e w304 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Period exer<span class=\"_ _1\"></span>cisable</div></td><td class=\"c n xb58 y3c4e w305 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Exer<span class=\"_ _1\"></span>cise price<span class=\"_ _393\"> </span></div></td><td class=\"c n xb59 y3c4e w306 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5a y3c4e w307 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3cb y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/12/2016<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c45 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">01/12/2019 to 30/11/2026<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd4 y3c45 w32a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">361.88p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd5 y3c45 w331 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12,839<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd6 y3c45 w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,317<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">08/12/2017<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c62 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">08/12/2020 to 07/12/2027<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd4 y3c62 w32a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">477.76p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd7 y3c62 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,601<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd8 y3c62 w30b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,455<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3ded ff4a fs4 fc1 sc0 ls0 ws0\">14/12/2018<span class=\"_ _393\"> </span></td><td class=\"t m0 xbd9 h52 y3dee ff4a fs4 fc1 sc0 ls0 ws0\">14/12/2021 to 13/12/2028 </td><td class=\"c n xbda y3c65 w32a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">396.04p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdb y3c65 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3,811<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdc y3c65 w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12,168<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xbdd y3c48 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,251<span class=\"_ _393\"> </span></div></td><td class=\"c n xbde y3c48 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">32,940<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5c3\">These awar<span class=\"_ _1\"></span>ds, which <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e conditional on the achie<span class=\"_ _1\"></span>vement o<span class=\"_ _1\"></span>f performance-based crit<span class=\"_ _1\"></span>eria, v<span class=\"_ _1\"></span>ested befor<span class=\"_ _1\"></span>e the start of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5c4\">Any<span class=\"_ _1\"></span> reduction in entitlements r<span class=\"_ _1\"></span>esulting fr<span class=\"_ _1\"></span>om the application of<span class=\"_ _1\"></span> those criteria is r<span class=\"_ _1\"></span>eflected in <span class=\"_ _1\"></span>the numbers abov<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs5c6\">(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Deferred Bonus aw<span class=\"_ _1\"></span>ards<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5c7\">During the curr<span class=\"_ _1\"></span>ent financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> this plan has been used <span class=\"_ _1\"></span>to defer<span class=\"_ _1\"></span> annual bonus aw<span class=\"_ _1\"></span>ards f<span class=\"_ _1\"></span>or ex<span class=\"_ _1\"></span>ecutive dir<span class=\"_ _1\"></span>ectors and certain other<span class=\"_ _0\"></span> M<span class=\"_ _2\"></span>RT<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5c8\">to meet deferr<span class=\"_ _1\"></span>al lev<span class=\"_ _1\"></span>els requir<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> regulatory<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>emuneration rules. T<span class=\"_ _1\"></span>he plan has also been used, fr<span class=\"_ _1\"></span>om time <span class=\"_ _1\"></span>to time, <span class=\"_ _1\"></span>to facilitate o<span class=\"_ _1\"></span>ther </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5c9\">long-term incentiv<span class=\"_ _1\"></span>e arrangements.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5ca\">Befor<span class=\"_ _1\"></span>e the financial <span class=\"_ _0\"></span>year ended 30 September<span class=\"_ _1\"></span> 2023 such plans w<span class=\"_ _1\"></span>ere g<span class=\"_ _1\"></span>enerally used <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the def<span class=\"_ _1\"></span>erral in shares o<span class=\"_ _1\"></span>f annual bonus aw<span class=\"_ _1\"></span>ards </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5cb\">made to ex<span class=\"_ _1\"></span>ecutive dir<span class=\"_ _1\"></span>ectors and certain other<span class=\"_ _1\"></span> senior<span class=\"_ _1\"></span> managers.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5cc\">Awar<span class=\"_ _1\"></span>ds under<span class=\"_ _1\"></span> these plans comprise a right <span class=\"_ _1\"></span>to acquire or<span class=\"_ _1\"></span>dinary shar<span class=\"_ _1\"></span>es in the Compan<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> nil or nominal payment. <span class=\"_ _0\"></span>The conditional </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5cd\">entitlements outstanding under <span class=\"_ _1\"></span>these plans at 30 September<span class=\"_ _1\"></span> 2025 and 30 September<span class=\"_ _1\"></span> 2024 w<span class=\"_ _1\"></span>ere:<span class=\"_ _393\"> </span></div><div class=\"gs5ce\"><table class=\"s wd8 h11c\" id=\"_7c369f37-5719-4e1f-9523-0fc2f74e4762\"><tr><td class=\"c n x1a7 y3c34 w303 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xb57 y3c34 w304 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Period exer<span class=\"_ _1\"></span>cisable<span class=\"_ _393\"> </span></div></td><td class=\"c n xb90 y3c34 w306 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td><td class=\"c n xb91 y3c34 w307 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x36b y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c35 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c36 w308 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11/12/2020<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c36 w309 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11/12/2023 to 10/12/2030<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c36 w2cd hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,160<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe0 y3c36 w30b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4,223<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cdc w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2021<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3cdc w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2024 to 10/12/2031<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe1 y3cdc w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe2 y3cdc w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">244,953<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cdd w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3cdd w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2024 to 15/12/2032<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3cdd w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,320<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe3 y3cdd w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">104,089<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c38 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2025 to 15/12/2032<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe4 y3c38 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12,357<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe5 y3c38 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,742<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c39 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2026 to 15/12/2032<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe4 y3c39 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,047<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe5 y3c39 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,565<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c3a w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2027 to 15/12/2032<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe4 y3c3a w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,359<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe5 y3c3a w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,018<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c5d w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2028 to 15/12/2032<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c5d w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,968<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe6 y3c5d w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10,775<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2022<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c5e w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2029 to 15/12/2032<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c5e w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,419<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe6 y3c5e w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11,384<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c3c w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2024 to 14/12/2033<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe1 y3c3c w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe7 y3c3c w2cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,712<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c3d w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2025 to 14/12/2033<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c3d w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,821<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe0 y3c3d w30b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,821<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c3e w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2026 to 14/12/2033<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe4 y3c3e w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,425<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe5 y3c3e w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,425<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c60 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2027 to 14/12/2033<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe4 y3c60 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,449<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe5 y3c60 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17,449<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c40 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2028 to 14/12/2033<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe4 y3c40 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11,139<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe5 y3c40 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11,139<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c41 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2029 to 14/12/2033<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c41 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,667<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe0 y3c41 w30b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,667<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2023<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c42 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2030 to 14/12/2033<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c42 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9,246<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe0 y3c42 w30b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9,246<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c61 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2025 to 12/12/2034<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c61 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,048<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe8 y3c61 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c63 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2026 to 12/12/2034<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c63 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,153<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe8 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c4e w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2027 to 12/12/2034<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c4e w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,576<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe8 y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c4f w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2028 to 12/12/2034<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c4f w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,964<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe8 y3c4f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c45 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2029 to 12/12/2034<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c45 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,279<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe8 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c62 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2030 to 12/12/2034<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c62 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,171<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe8 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c65 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13/12/2031 to 12/12/2034<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c65 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,489<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe8 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xbe9 y3c48 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">171,057<span class=\"_ _393\"> </span></div></td><td class=\"c n xbea y3c48 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">493,208<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5cf\">Awar<span class=\"_ _1\"></span>ds made to e<span class=\"_ _1\"></span>xecutiv<span class=\"_ _1\"></span>e directors and o<span class=\"_ _1\"></span>ther MRT<span class=\"_ _e\"></span>s in December 2022 and ther<span class=\"_ _1\"></span>eafter become e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cisable in annual instalments fr<span class=\"_ _1\"></span>om </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d0\">the first anniv<span class=\"_ _1\"></span>ersary o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the grant t<span class=\"_ _1\"></span>o the se<span class=\"_ _1\"></span>venth anniversary<span class=\"_ _0\"></span>. The maximum and minimum de<span class=\"_ _1\"></span>ferral f<span class=\"_ _1\"></span>or each emplo<span class=\"_ _1\"></span>yee depends on <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d1\">regulatory<span class=\"_ _1\"></span> classification of<span class=\"_ _1\"></span> the individual MRT<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d2\">Exer<span class=\"_ _1\"></span>cise arrangements <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> grants made to o<span class=\"_ _1\"></span>ther emplo<span class=\"_ _1\"></span>yees in December<span class=\"_ _1\"></span> 2022 are individually<span class=\"_ _1\"></span> structured at <span class=\"_ _1\"></span>the discre<span class=\"_ _1\"></span>tion of <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d3\">Remuneration Committee at<span class=\"_ _1\"></span> the point of<span class=\"_ _1\"></span> grant.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d4\">All these aw<span class=\"_ _1\"></span>ards <span class=\"_ _1\"></span>will lapse if <span class=\"_ _1\"></span>the grantee ceases emplo<span class=\"_ _1\"></span>yment with <span class=\"_ _1\"></span>the Group bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the thir<span class=\"_ _1\"></span>d anniversary<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the grant date, o<span class=\"_ _1\"></span>ther <span class=\"_ _1\"></span>than </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d5\">in \u2018good lea<span class=\"_ _1\"></span>ver\u2019 cir<span class=\"_ _1\"></span>cumstances.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d6\">The Deferr<span class=\"_ _1\"></span>ed Bonus shares gr<span class=\"_ _1\"></span>anted in 2021 and earlier <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span>s can be exer<span class=\"_ _1\"></span>cised fr<span class=\"_ _1\"></span>om the <span class=\"_ _1\"></span>third anniv<span class=\"_ _1\"></span>ersary of<span class=\"_ _0\"></span> the award dat<span class=\"_ _1\"></span>e (or<span class=\"_ _1\"></span> other<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d7\">vesting date determined b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Remuner<span class=\"_ _1\"></span>ation Committee) until <span class=\"_ _1\"></span>the day<span class=\"_ _1\"></span> befor<span class=\"_ _1\"></span>e the t<span class=\"_ _1\"></span>enth anniversary<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the date of<span class=\"_ _1\"></span> grant.<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d8\">The Deferr<span class=\"_ _1\"></span>ed Bonus shares gr<span class=\"_ _1\"></span>anted between December<span class=\"_ _1\"></span> 2016 and December<span class=\"_ _1\"></span> 2021 accrue dividends over<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>vesting period, unlik<span class=\"_ _1\"></span>e </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5d9\">earlier gr<span class=\"_ _1\"></span>ants which accrued dividends until the point<span class=\"_ _1\"></span> of e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cise. A<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>ds granted in December<span class=\"_ _1\"></span> 2022 and subsequently do not<span class=\"_ _1\"></span> include </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5da\">the right to pa<span class=\"_ _1\"></span>yment in lieu of<span class=\"_ _1\"></span> dividend. T<span class=\"_ _1\"></span>he fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> Deferr<span class=\"_ _1\"></span>ed Bonus awar<span class=\"_ _1\"></span>ds issued in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as determined using a Black<span class=\"_ _1\"></span>-Scholes </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5db\">Merton model and allows <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> these dividend arrang<span class=\"_ _1\"></span>ements.<span class=\"_ _393\"> </span></div><div class=\"t mc ha ff6 fs4 fc1 sc0 ls0 ws0 gs5dd\">Details of<span class=\"_ _1\"></span> the inputs <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>valuation model f<span class=\"_ _1\"></span>or a<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>ds made in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 and the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024 </div><div class=\"t mc ha ff6 fs4 fc1 sc0 ls0 ws0 gs5de\">are sho<span class=\"_ _1\"></span>wn below<span class=\"_ _1\"></span>.</div><div class=\"gs348\"><table class=\"s w332 h11d\" id=\"_8a82940c-de49-4315-b1b6-6a4bd16e4409\"><tr><td class=\"c n x1a7 y3c62 w303 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xbeb y3c62 w30d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13/12/24<span class=\"_ _393\"> </span></div></td><td class=\"c n xbec y3c62 w30d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15/12/23<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w310 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mark<span class=\"_ _1\"></span>et price at date of gr<span class=\"_ _0\"></span>ant<span class=\"_ _393\"> </span></div></td><td class=\"c n xbed y3c65 w312 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">777.5p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbee y3c65 w312 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">627.5p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w319 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Expected annual dividend yield<span class=\"_ _393\"> </span></div></td><td class=\"c n xbef y3c48 w15c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.20%<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf0 y3c48 w16c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.96%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5df\">No departures ar<span class=\"_ _1\"></span>e expected f<span class=\"_ _1\"></span>or gr<span class=\"_ _1\"></span>antees under <span class=\"_ _1\"></span>this plan. Grantees ar<span class=\"_ _1\"></span>e assumed to e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cise their<span class=\"_ _1\"></span> awar<span class=\"_ _1\"></span>ds at the earliest </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5e0\">possible opportunity<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs5e1\"><table class=\"s w333 h11e\" id=\"_f138ed27-14b9-47dc-9d8d-0396e7a9af5e\"><tr><td></td><td></td><td></td><td class=\"t m0 xbb0 ha y3def ff6 fs4 fc1 sc0 ls0 ws0\">The number<span class=\"_ _1\"></span> of aw<span class=\"_ _1\"></span>ards gr<span class=\"_ _1\"></span>anted and their<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>values f<span class=\"_ _1\"></span>or IFRS 2 purposes are se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w303 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xbb1 y3c41 w30d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13/12/24<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xbb2 y3c41 w30d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15/12/23<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a7 y3c42 w334 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Time to ex<span class=\"_ _1\"></span>ercise (Y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>s)<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf1 y3c42 w325 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number of awards<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf2 y3c42 w326 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">IFRS 2 fair value<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf3 y3c42 w335 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number of awards<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf4 y3c42 w336 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">IFRS 2 fair v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf5 y3c43 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,048<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf6 y3c43 w32b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">738.10p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf7 y3c43 w2cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,643<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf8 y3c43 w313 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">591.9p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf5 y3c44 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,153<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf6 y3c44 w32b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">700.70p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf7 y3c44 w2cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9,080<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf8 y3c44 w313 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">557.0p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cd2 w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf5 y3cd2 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,576<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf6 y3cd2 w32b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">666.52p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf9 y3cd2 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,771<span class=\"_ _393\"> </span></div></td><td class=\"c n xac7 y3cd2 w313 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">524.8p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf5 y3c4f w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,964<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf6 y3c4f w32b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">631.49p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf9 y3c4f w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10,913<span class=\"_ _393\"> </span></div></td><td class=\"c n xac7 y3c4f w313 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">494.4p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf5 y3c45 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,279<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf6 y3c45 w32b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">599.49p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf9 y3c45 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11,139<span class=\"_ _393\"> </span></div></td><td class=\"c n xac7 y3c45 w313 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">465.8p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf5 y3c50 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,171<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf6 y3c50 w32b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">569.12p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf7 y3c50 w2cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,667<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf8 y3c50 w313 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">438.8p<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf5 y3c47 w2cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6,489<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf6 y3c47 w32b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">540.28p<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf7 y3c47 w2cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9,246<span class=\"_ _393\"> </span></div></td><td class=\"c n xbf8 y3c47 w313 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">413.5p<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xbfa y3c48 w2ed hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39,680<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xbfb y3c48 w302 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71,459<span class=\"_ _393\"> </span></div></td><td></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs5e2\">(e<span class=\"_ _0\"></span>)  <span class=\"_ _b4\"> </span>Restricted Stock Units (RSU) </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5e3\">The Company<span class=\"_ _1\"></span> permitted certain employ<span class=\"_ _1\"></span>ees to elect <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>eceive RSU aw<span class=\"_ _1\"></span>ards instead of<span class=\"_ _1\"></span> PSP<span class=\"_ _1\"></span> awar<span class=\"_ _1\"></span>ds in respect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ears </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5e4\">between 2016 and 2022. <span class=\"_ _1\"></span>The use of<span class=\"_ _1\"></span> such awar<span class=\"_ _1\"></span>ds is no longer<span class=\"_ _1\"></span> part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s remuneration policy<span class=\"_ _1\"></span> and hence no RSU awar<span class=\"_ _1\"></span>ds hav<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5e5\">been made in recent <span class=\"_ _1\"></span>years. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5e6\">In addition, in the financial <span class=\"_ _0\"></span>year ended 30 September<span class=\"_ _1\"></span> 2022, a one-off<span class=\"_ _1\"></span> RSU grant <span class=\"_ _1\"></span>with a four<span class=\"_ _0\"></span>-year <span class=\"_ _1\"></span>vesting period <span class=\"_ _1\"></span>was made <span class=\"_ _1\"></span>to certain </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5e7\">employees designat<span class=\"_ _1\"></span>ed as MRT<span class=\"_ _0\"></span>s.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5e8\">F<span class=\"_ _0\"></span>or RSU awar<span class=\"_ _1\"></span>ds to <span class=\"_ _1\"></span>vest, <span class=\"_ _1\"></span>the grantee<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s personal performance must be satisfactory<span class=\"_ _1\"></span> during the financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>eceding the <span class=\"_ _1\"></span>vesting date. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5e9\">In addition, a risk-based perf<span class=\"_ _1\"></span>ormance condition, assessed against <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s risk management metrics must also be met. <span class=\"_ _0\"></span>The level </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5ea\">to which <span class=\"_ _1\"></span>this condition is met will be de<span class=\"_ _1\"></span>termined by<span class=\"_ _1\"></span> the R<span class=\"_ _1\"></span>emuneration Committee and v<span class=\"_ _1\"></span>esting lev<span class=\"_ _1\"></span>els scaled back as appr<span class=\"_ _1\"></span>opriate. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs5eb\">The conditional entitlements outstanding under<span class=\"_ _1\"></span> this scheme at 30 September<span class=\"_ _0\"></span> 2025 and 30 September 2024 w<span class=\"_ _1\"></span>ere: </div><div class=\"gs5ec\"><table class=\"s w337 hf6\" id=\"_18339774-e761-43b8-86c2-9cd03b07a6cd\"><tr><td class=\"c n x1a7 y3c4f w303 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Gran<span class=\"_ _1\"></span>t date<span class=\"_ _393\"> </span></div></td><td class=\"c n xb57 y3c4f w304 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Period exer<span class=\"_ _1\"></span>cisable<span class=\"_ _393\"> </span></div></td><td class=\"c n xb90 y3c4f w306 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td><td class=\"c n xb91 y3c4f w307 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3cb y3c98 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c98 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2021<span class=\"_ _393\"> </span></div></td><td class=\"c n xb5b y3c62 w309 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16/12/2024 to 15/12/2031<span class=\"_ _393\"> </span></div></td><td class=\"c n xbe1 y3c62 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xbfc y3c62 w2ee hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26,603<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w308 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/2021<span class=\"_ _393\"> </span></div></td><td class=\"c n xbfd y3c65 w338 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">07/12/2025* to 15/12/2031<span class=\"_ _393\"> </span></div></td><td class=\"c n xbfe y3c65 w339 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">338,322<span class=\"_ _393\"> </span></div></td><td class=\"c n x259 y3c65 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">355,880<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x9c1 y3c48 w2f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">338,322<span class=\"_ _393\"> </span></div></td><td class=\"c n xbff y3c48 w2f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">382,483<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs5ed\">*Estimated date</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-438": {
   "value": "(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Defined benefit plan \u2013 description<span class=\"_ _393\"> </span>The Group oper<span class=\"_ _1\"></span>ates a funded defined benefit<span class=\"_ _1\"></span> pension scheme in the UK, the P<span class=\"_ _1\"></span>aragon P<span class=\"_ _1\"></span>ension Plan (the \u2018Plan\u2019). <span class=\"_ _0\"></span>The Plan assets are held in a separate fund, administ<span class=\"_ _1\"></span>ered by<span class=\"_ _0\"></span> a corporate trustee, to mee<span class=\"_ _1\"></span>t long-term pension liabilities <span class=\"_ _1\"></span>to past and pr<span class=\"_ _1\"></span>esent employ<span class=\"_ _1\"></span>ees. T<span class=\"_ _1\"></span>he T<span class=\"_ _e\"></span>rustee of <span class=\"_ _1\"></span>the Plan is requir<span class=\"_ _0\"></span>ed by law <span class=\"_ _1\"></span>to act in <span class=\"_ _1\"></span>the best interests o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s beneficiaries and is responsible <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the inv<span class=\"_ _1\"></span>estment policy<span class=\"_ _1\"></span> adopted in respect o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s assets. T<span class=\"_ _1\"></span>he appointment of<span class=\"_ _1\"></span> directors <span class=\"_ _1\"></span>to the <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>rustee is determined by<span class=\"_ _1\"></span> the Plan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s trust documentation. T<span class=\"_ _1\"></span>he Group has a policy<span class=\"_ _1\"></span> that one <span class=\"_ _1\"></span>third of<span class=\"_ _1\"></span> all direct<span class=\"_ _1\"></span>ors of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee should be nominated b<span class=\"_ _1\"></span>y activ<span class=\"_ _1\"></span>e and pensioner members o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan.<span class=\"_ _393\"> </span>Employ<span class=\"_ _1\"></span>ee contributions and benefits<span class=\"_ _393\"> </span>The scheme w<span class=\"_ _1\"></span>as closed to ne<span class=\"_ _1\"></span>w entr<span class=\"_ _1\"></span>ants in F<span class=\"_ _1\"></span>ebruary<span class=\"_ _1\"></span> 2002. Employees <span class=\"_ _1\"></span>who are member<span class=\"_ _1\"></span>s of <span class=\"_ _1\"></span>the Plan are entitled <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>eceive a pension of 1/60 o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>their <span class=\"_ _1\"></span>final basic annual salary per<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> of service up <span class=\"_ _1\"></span>to 30 <span class=\"_ _1\"></span>June 2021. A<span class=\"_ _1\"></span>fter<span class=\"_ _1\"></span> that date <span class=\"_ _1\"></span>further accrual is at a r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> 1/70 or 1/75 of capped <span class=\"_ _1\"></span>final salary depending on <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> contributions. A<span class=\"_ _1\"></span>fter 1 <span class=\"_ _0\"></span>July 2021 employee contributions <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e either 5% or<span class=\"_ _0\"></span> 8% of capped salary<span class=\"_ _1\"></span>. Befor<span class=\"_ _1\"></span>e that dat<span class=\"_ _1\"></span>e all active members contributed at a r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> 5% of salary<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Benefits accrued befor<span class=\"_ _1\"></span>e 1 <span class=\"_ _1\"></span>July 2021 may<span class=\"_ _0\"></span> be accessed from the ag<span class=\"_ _1\"></span>e of 60 <span class=\"_ _1\"></span>without any<span class=\"_ _1\"></span> reduction <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> early pa<span class=\"_ _1\"></span>yment. Benefits accruing after 1 July<span class=\"_ _0\"></span> 2021 may be accessed without penalty<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om the ag<span class=\"_ _1\"></span>e of 65.<span class=\"_ _393\"> </span>Dependants of Plan member<span class=\"_ _1\"></span>s are eligible <span class=\"_ _1\"></span>for a dependant\u2019<span class=\"_ _0\"></span>s pension and the pa<span class=\"_ _1\"></span>yment of<span class=\"_ _1\"></span> a lump sum in the e<span class=\"_ _1\"></span>vent of<span class=\"_ _1\"></span> death in service.<span class=\"_ _393\"> </span>Actuarial risks<span class=\"_ _393\"> </span>The principal actuarial risks t<span class=\"_ _1\"></span>o which <span class=\"_ _1\"></span>the Plan is exposed are:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span><span class=\"ff13 wsdb\"> Inves<span class=\"_ _1\"></span>tment <span class=\"_ _7\"> </span>risk<span class=\"ff6 ws0\"> \u2013 T<span class=\"_ _1\"></span>he present <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the defined benefit liabilities is calculated using a discount r<span class=\"_ _1\"></span>ate set by<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>ference <span class=\"_ _1\"></span>to high </span></span>quality corporat<span class=\"_ _1\"></span>e bond yields. If<span class=\"_ _1\"></span> plan assets underperform corporat<span class=\"_ _1\"></span>e bonds, this will r<span class=\"_ _0\"></span>educe the surplus. The strat<span class=\"_ _1\"></span>egic allocation of asse<span class=\"_ _1\"></span>ts under <span class=\"_ _1\"></span>the Plan has been derisked and no<span class=\"_ _1\"></span>w only<span class=\"_ _1\"></span> around 20% is inv<span class=\"_ _1\"></span>ested in equity<span class=\"_ _1\"></span> assets and diversified gr<span class=\"_ _1\"></span>owth funds. In consultation with <span class=\"_ _1\"></span>the Company<span class=\"_ _0\"></span>, the T<span class=\"_ _e\"></span>rustee keeps the allocation of<span class=\"_ _1\"></span> the Plan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s investments under<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> to manage <span class=\"_ _1\"></span>this risk on a<span class=\"ls0\"> </span>long-term basis<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span><span class=\"ff13 ls12 wsdc\"> Interest <span class=\"_ _b6\"> </span>risk<span class=\"ff6 ws0\"> \u2013 A<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>all in corporate bond yields <span class=\"_ _1\"></span>would r<span class=\"_ _1\"></span>educe the discount r<span class=\"_ _1\"></span>ate used in v<span class=\"_ _1\"></span>aluing the Plan liabilities and incr<span class=\"_ _1\"></span>ease the <span class=\"_ _1\"></span>value </span></span>of <span class=\"_ _1\"></span>the Plan liabilities. <span class=\"_ _1\"></span>The Plan assets w<span class=\"_ _1\"></span>ould also be expected <span class=\"_ _1\"></span>to increase, <span class=\"_ _1\"></span>to the ext<span class=\"_ _1\"></span>ent that bond assets ar<span class=\"_ _1\"></span>e held, but <span class=\"_ _1\"></span>this would no<span class=\"_ _1\"></span>t be expected t<span class=\"_ _1\"></span>o fully<span class=\"_ _1\"></span> match the incr<span class=\"_ _1\"></span>ease in liabilities, given <span class=\"_ _1\"></span>the weighting <span class=\"_ _1\"></span>tow<span class=\"_ _1\"></span>ards equity<span class=\"_ _1\"></span> assets and diversified gr<span class=\"_ _1\"></span>owth <span class=\"_ _1\"></span>funds noted abov<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span><span class=\"ff13 ls0 ws16\"> Inflation <span class=\"_ _7\"> </span>risk<span class=\"ff6 ws0\"> \u2013 Pensions in payment ar<span class=\"_ _0\"></span>e increased annually in line with <span class=\"_ _1\"></span>the RPI or<span class=\"_ _1\"></span> the Consumer<span class=\"_ _1\"></span> Price Index (\u2018CPI\u2019) f<span class=\"_ _1\"></span>or Guarant<span class=\"_ _1\"></span>eed </span></span>Minimum Pensions built up since 1988. P<span class=\"_ _1\"></span>ensions built up since 5 <span class=\"_ _1\"></span>April 2006 are capped at 2.5% and pensions built up be<span class=\"_ _1\"></span>fore 6 April 2006 are capped at 5%. F<span class=\"_ _0\"></span>or emplo<span class=\"_ _1\"></span>yees <span class=\"_ _1\"></span>who have left<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> but hav<span class=\"_ _1\"></span>e deferr<span class=\"_ _1\"></span>ed pensions, these also r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>alue over<span class=\"_ _0\"></span> the period to r<span class=\"_ _1\"></span>etir<span class=\"_ _1\"></span>ement, predominantly<span class=\"_ _1\"></span> in line with RPI. <span class=\"_ _0\"></span>Therefor<span class=\"_ _1\"></span>e, an increase in inflation <span class=\"_ _1\"></span>would also incr<span class=\"_ _1\"></span>ease the <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the pension liabilities. T<span class=\"_ _1\"></span>he Plan assets w<span class=\"_ _1\"></span>ould also be expected to incr<span class=\"_ _1\"></span>ease, t<span class=\"_ _1\"></span>o the extent <span class=\"_ _1\"></span>that <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are link<span class=\"_ _1\"></span>ed to inflation, but <span class=\"_ _1\"></span>this may<span class=\"_ _1\"></span> not fully<span class=\"_ _0\"></span> match the incr<span class=\"_ _1\"></span>ease in liabilities<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span><span class=\"ff13 wsdb\"> Longe<span class=\"_ _1\"></span>vity <span class=\"_ _b6\"> </span>risk<span class=\"ff6 ws0\"> \u2013 The <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan surplus is calculated by<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>ference <span class=\"_ _1\"></span>to the best<span class=\"_ _1\"></span> estimate of <span class=\"_ _1\"></span>the mortality<span class=\"_ _1\"></span> rate among Plan </span></span>members both during and after<span class=\"_ _1\"></span> employment. <span class=\"_ _1\"></span>An incr<span class=\"_ _1\"></span>ease in the life expectanc<span class=\"_ _1\"></span>y o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the members w<span class=\"_ _1\"></span>ould reduce <span class=\"_ _1\"></span>the surplus in the Plan<span class=\"_ _393\"> </span>\u2022  <span class=\"_ _b5\"></span><span class=\"ff13 ws0\">Salary risk<span class=\"ff6\"> \u2013 <span class=\"_ _0\"></span>The valuation of<span class=\"_ _0\"></span> the Plan assumes a level of<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e salary<span class=\"_ _1\"></span> increases based on <span class=\"_ _1\"></span>the expected rate of<span class=\"_ _1\"></span> inflation. Should the </span></span>salaries of Plan member<span class=\"_ _1\"></span>s increase at a higher<span class=\"_ _1\"></span> rate, <span class=\"_ _1\"></span>then the surplus <span class=\"_ _1\"></span>will be lower<span class=\"_ _0\"></span>. F<span class=\"_ _0\"></span>or service fr<span class=\"_ _1\"></span>om 1 July<span class=\"_ _1\"></span> 2021, a 2.5% annual cap on individual pensionable salary incr<span class=\"_ _1\"></span>eases applies, mitigating this risk<span class=\"_ _393\"> </span>The risks r<span class=\"_ _1\"></span>elating to death in service payments ar<span class=\"_ _1\"></span>e insur<span class=\"_ _1\"></span>ed with an external insur<span class=\"_ _1\"></span>ance company<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>As a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan having been closed to ne<span class=\"_ _1\"></span>w entr<span class=\"_ _1\"></span>ants since F<span class=\"_ _0\"></span>ebruary 2002, the service cost as a per<span class=\"_ _1\"></span>centage of<span class=\"_ _1\"></span> pensionable salaries is expected t<span class=\"_ _1\"></span>o increase as <span class=\"_ _1\"></span>the averag<span class=\"_ _1\"></span>e age of<span class=\"_ _1\"></span> active members rises o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> time. Ho<span class=\"_ _1\"></span>wev<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, the membership is expected <span class=\"_ _1\"></span>to reduce so <span class=\"_ _1\"></span>that the service cost in monetary<span class=\"_ _1\"></span> terms <span class=\"_ _1\"></span>will gradually r<span class=\"_ _1\"></span>educe. <span class=\"_ _1\"></span>The changes r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to abo<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>will also reduce <span class=\"_ _1\"></span>this cost going f<span class=\"_ _1\"></span>orwar<span class=\"_ _1\"></span>d.<span class=\"_ _393\"> </span>Actuarial <span class=\"_ _1\"></span>valuation and reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> plan<span class=\"_ _393\"> </span>The most r<span class=\"_ _1\"></span>ecent full actuarial <span class=\"_ _1\"></span>valuation of<span class=\"_ _1\"></span> the Plan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s liabilities, obtained by <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee, <span class=\"_ _1\"></span>was carried out at 31 Mar<span class=\"_ _1\"></span>ch 2022, by<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Aon Solutions UK Limited, <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s independent actuary<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>This showed <span class=\"_ _1\"></span>that <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s liabilities on a buy-out basis in accor<span class=\"_ _1\"></span>dance with Section 224 of<span class=\"_ _1\"></span> the P<span class=\"_ _1\"></span>ensions Act<span class=\"_ _1\"></span> 2004, the le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f assets <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ould be requir<span class=\"_ _1\"></span>ed to buy<span class=\"_ _1\"></span> insurance policies f<span class=\"_ _1\"></span>or benefits earned <span class=\"_ _1\"></span>to the v<span class=\"_ _1\"></span>aluation date, w<span class=\"_ _1\"></span>as \u00a3195.5m, with a shortfall ag<span class=\"_ _1\"></span>ainst the assets of<span class=\"_ _0\"></span> \u00a344.2m (2019: \u00a385.0m). <span class=\"_ _1\"></span>The deficit on <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>echnical Pr<span class=\"_ _1\"></span>ovisions Basis, the basis agr<span class=\"_ _1\"></span>eed by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee as being appr<span class=\"_ _1\"></span>opriate t<span class=\"_ _1\"></span>o meet member bene<span class=\"_ _1\"></span>fits, assuming the Plan continues as a going concern, was \u00a35.<span class=\"_ _0\"></span>1m (2019: \u00a318.2m). Many o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the demographic assumptions used <span class=\"_ _1\"></span>within the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>echnical Pr<span class=\"_ _1\"></span>ovisions Basis ar<span class=\"_ _1\"></span>e also used within <span class=\"_ _1\"></span>the<span class=\"ls0\"> </span>IAS 19 valuation. An updated v<span class=\"_ _1\"></span>aluation, as at 31 Mar<span class=\"_ _1\"></span>ch 2025, is in progr<span class=\"_ _1\"></span>ess, but w<span class=\"_ _1\"></span>as not complete at <span class=\"_ _1\"></span>the time o<span class=\"_ _1\"></span>f signing <span class=\"_ _1\"></span>these accounts. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the conclusions of <span class=\"_ _1\"></span>the early<span class=\"_ _1\"></span> stages of<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>ocess have been incorporat<span class=\"_ _1\"></span>ed in the IAS 19 <span class=\"_ _1\"></span>valuation. F<span class=\"_ _0\"></span>ollowing the agreement o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the 2022 actuarial v<span class=\"_ _1\"></span>aluation, the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee put<span class=\"_ _1\"></span> in place a re<span class=\"_ _1\"></span>vised reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> plan. This r<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>ery plan <span class=\"_ _1\"></span>was designed to ensure <span class=\"_ _1\"></span>that the statut<span class=\"_ _1\"></span>ory funding objectiv<span class=\"_ _1\"></span>e w<span class=\"_ _1\"></span>as met during <span class=\"_ _1\"></span>the 2024 financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, but included provision <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup to mak<span class=\"_ _1\"></span>e further additional pa<span class=\"_ _1\"></span>yments after <span class=\"_ _1\"></span>that point. <span class=\"_ _1\"></span>The reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> plan continues to include a P<span class=\"_ _1\"></span>ension F<span class=\"_ _1\"></span>unding Partnership (\u2018PFP\u2019) arrang<span class=\"_ _1\"></span>ement effectively<span class=\"_ _0\"></span> granting the Plan a first charg<span class=\"_ _1\"></span>e ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s head office building as security <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> certain payments under <span class=\"_ _1\"></span>the plan (not<span class=\"_ _1\"></span>e 27). Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, payments under<span class=\"_ _1\"></span> the PFP<span class=\"_ _1\"></span> are paused <span class=\"_ _1\"></span>when the Plan r<span class=\"_ _1\"></span>eaches a prescribed <span class=\"_ _1\"></span>funding lev<span class=\"_ _1\"></span>el, and this point <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>eached in April 2024. No amount is included in <span class=\"_ _1\"></span>the Plan assets in respect<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the building, which r<span class=\"_ _0\"></span>emains within the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s Property<span class=\"_ _0\"></span>, Plant and Equipment balance (<span class=\"_ _1\"></span>note 27) but <span class=\"_ _1\"></span>this arrangement pr<span class=\"_ _1\"></span>ovides <span class=\"_ _1\"></span>the Plan with additional security<span class=\"_ _1\"></span> in a stress e<span class=\"_ _1\"></span>vent. (b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Defined benefit plan \u2013 financial impact<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or accounting purposes, the <span class=\"_ _1\"></span>valuation at 31 Mar<span class=\"_ _1\"></span>ch 2022 w<span class=\"_ _1\"></span>as updated to 30 Sep<span class=\"_ _1\"></span>tember 2025 in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 19 (r<span class=\"_ _1\"></span>evised) b<span class=\"_ _1\"></span>y Mer<span class=\"_ _1\"></span>cer<span class=\"_ _0\"></span>, the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s independent consulting actuary<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The major<span class=\"_ _1\"></span> categories of<span class=\"_ _1\"></span> assets in the Plan at 30 Sep<span class=\"_ _1\"></span>tember 2025, 30 Sep<span class=\"_ _1\"></span>tember 202<span class=\"_ _1\"></span>4 and 30 September 2023 and <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues w<span class=\"_ _1\"></span>ere:<span class=\"_ _393\"> </span><table class=\"s w33a h11f\" id=\"_b1cab04f-6dc3-4ae3-a07d-55061b34611e\"><tr><td></td><td class=\"c n x463 y3c61 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c61 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c61 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c63 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c63 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c63 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w33b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash and cash equivalents<span class=\"_ _393\"> </span></div></td><td class=\"c n xc00 y3c4e w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f2 y3c4e w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1b y3c4e w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w33c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Equity instrumen<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n x39a y3c4f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x494 y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">21.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x495 y3c4f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">44.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w33d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Debt instruments<span class=\"_ _393\"> </span></div></td><td class=\"c n x470 y3c45 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c45 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">91.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c45 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">56.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w33e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal fair v<span class=\"_ _1\"></span>alue of Plan assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x887 y3c62 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">104.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc01 y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">113.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w33f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Present v<span class=\"_ _1\"></span>alue of Plan liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x32e y3c65 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(81.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x9f5 y3c65 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(91.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc02 y3c65 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(89.3)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w340 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Surplus in the Plan<span class=\"_ _393\"> </span></div></td><td class=\"c n x470 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x41c y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">22.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.7<span class=\"_ _393\"> </span></div></td></tr></table>The Group has r<span class=\"_ _1\"></span>ecognised the surplus as an asse<span class=\"_ _1\"></span>t at the balance sheet<span class=\"_ _1\"></span> date as it anticipates being able t<span class=\"_ _1\"></span>o access economic benefits at least as great<span class=\"_ _1\"></span> as the carrying <span class=\"_ _1\"></span>value, <span class=\"_ _1\"></span>with the Gr<span class=\"_ _1\"></span>oup ultimately able <span class=\"_ _1\"></span>to access any<span class=\"_ _1\"></span> remaining surplus in <span class=\"_ _1\"></span>the Plan once all benefits have been paid. Ho<span class=\"_ _1\"></span>we<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, such assets are eliminated fr<span class=\"_ _1\"></span>om capital f<span class=\"_ _1\"></span>or r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> purposes (note 57).<span class=\"_ _393\"> </span>At 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>the Plan assets w<span class=\"_ _1\"></span>ere inv<span class=\"_ _1\"></span>ested in a diversified portf<span class=\"_ _1\"></span>olio that consisted primarily<span class=\"_ _0\"></span> of debt and equity<span class=\"_ _1\"></span> investments. These are held in <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>orm of in<span class=\"_ _1\"></span>vestments in managed <span class=\"_ _1\"></span>funds, which ar<span class=\"_ _1\"></span>e not publicly<span class=\"_ _1\"></span> traded. <span class=\"_ _1\"></span>The majority<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the Plan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s equity investments ar<span class=\"_ _1\"></span>e in dev<span class=\"_ _1\"></span>eloped markets. The Plan has a benchmark allocation at 30 Sept<span class=\"_ _1\"></span>ember 2025 of<span class=\"_ _1\"></span> 54% of<span class=\"_ _1\"></span> to<span class=\"_ _1\"></span>tal assets to Liability<span class=\"_ _1\"></span> Driven In<span class=\"_ _1\"></span>vestments (\u2018LDI\u2019) t<span class=\"_ _1\"></span>o provide hedging against inflation and inter<span class=\"_ _1\"></span>est rate risk (202<span class=\"_ _1\"></span>4: 54%). This <span class=\"_ _1\"></span>targe<span class=\"_ _1\"></span>t w<span class=\"_ _1\"></span>as maintained at this le<span class=\"_ _1\"></span>vel <span class=\"_ _1\"></span>throughout <span class=\"_ _1\"></span>the period (2024: 42%). The hedging pro<span class=\"_ _1\"></span>vided now<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esents some 90% of<span class=\"_ _1\"></span> the Plan\u2019<span class=\"_ _0\"></span>s risks (2024: 85%), <span class=\"_ _1\"></span>with the incr<span class=\"_ _1\"></span>eased hedging prot<span class=\"_ _1\"></span>ecting the curr<span class=\"_ _1\"></span>ent surplus position.<span class=\"_ _393\"> </span>During October 2018, <span class=\"_ _1\"></span>the High Court made a ruling in the Llo<span class=\"_ _1\"></span>yds Banking Gr<span class=\"_ _1\"></span>oup Pension Scheme GMP<span class=\"_ _1\"></span> (\u2018Guaranteed Minimum Pension<span class=\"_ _1\"></span>\u2019) equalisation case, which eff<span class=\"_ _1\"></span>ectively dir<span class=\"_ _0\"></span>ects defined benefit pension schemes to change <span class=\"_ _1\"></span>their rules <span class=\"_ _1\"></span>to equalise the benefits of male and <span class=\"_ _1\"></span>female members <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the effects o<span class=\"_ _1\"></span>f GMPs f<span class=\"_ _1\"></span>or emplo<span class=\"_ _1\"></span>yees <span class=\"_ _1\"></span>who wer<span class=\"_ _0\"></span>e, at one time, contracted out of<span class=\"_ _1\"></span> state schemes. <span class=\"_ _1\"></span>The Court did not specify<span class=\"_ _1\"></span> a single method which schemes should emplo<span class=\"_ _1\"></span>y and hence <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> this on <span class=\"_ _1\"></span>the Plan will not be certain until the T<span class=\"_ _e\"></span>rustee has determined which method should be adopt<span class=\"_ _1\"></span>ed and detailed calculations have been perf<span class=\"_ _1\"></span>ormed to e<span class=\"_ _1\"></span>valuate <span class=\"_ _1\"></span>the impact, as the impact on members <span class=\"_ _1\"></span>will v<span class=\"_ _1\"></span>ary <span class=\"_ _1\"></span>from per<span class=\"_ _1\"></span>son to person.<span class=\"_ _393\"> </span>The estimated effect<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>this ruling w<span class=\"_ _1\"></span>as accounted f<span class=\"_ _1\"></span>or in <span class=\"_ _1\"></span>the accounts of <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2019 as a \u2018past service cost\u2019<span class=\"_ _e\"></span>. This estimate is based on one permissible method, \u2018method C2\u2019<span class=\"_ _e\"></span>. During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee, <span class=\"_ _1\"></span>with the consent of<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span>, chose to adopt an alternative appr<span class=\"_ _1\"></span>oach, \u2018method B\u2019<span class=\"_ _e\"></span>. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, the accounting impact of<span class=\"_ _1\"></span> this is lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>to be minimal. Once detailed calculations are perf<span class=\"_ _1\"></span>ormed it is possible that <span class=\"_ _1\"></span>the final impact ma<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>vary<span class=\"_ _1\"></span> due to idios<span class=\"_ _1\"></span>yncratic impacts on individual members, or<span class=\"_ _1\"></span> due to <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment of<span class=\"_ _1\"></span> a wider<span class=\"_ _1\"></span> legal and accounting consensus on the pr<span class=\"_ _1\"></span>oper<span class=\"_ _1\"></span> interpretation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the courts\u2019 r<span class=\"_ _1\"></span>equirements as <span class=\"_ _1\"></span>further cases are determined.<span class=\"_ _393\"> </span>In June 2023, <span class=\"_ _1\"></span>the High Court made a ruling in the case o<span class=\"_ _1\"></span>f <span class=\"_ _0\"></span>Virgin Media, which related <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>validity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> changes made t<span class=\"_ _1\"></span>o a pension scheme wher<span class=\"_ _1\"></span>e an actuarial certificate could not be pr<span class=\"_ _1\"></span>oduced. In July<span class=\"_ _0\"></span> 2024, the Court of<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Appeal dismissed an appeal brought against<span class=\"_ _1\"></span> aspects of <span class=\"_ _1\"></span>this ruling, and <span class=\"_ _1\"></span>the conclusions reached in <span class=\"_ _1\"></span>this case may ha<span class=\"_ _1\"></span>ve consequences <span class=\"_ _1\"></span>for o<span class=\"_ _1\"></span>ther UK<span class=\"_ _1\"></span> defined benefit plans, such as the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s. The Gr<span class=\"_ _1\"></span>oup and the <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>rustee have identified a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> amendments made to <span class=\"_ _1\"></span>the Plan which ar<span class=\"_ _1\"></span>e within <span class=\"_ _1\"></span>the scope of <span class=\"_ _1\"></span>this ruling. <span class=\"_ _1\"></span>These w<span class=\"_ _1\"></span>ere inv<span class=\"_ _1\"></span>estigated and <span class=\"_ _1\"></span>the T<span class=\"_ _e\"></span>rustee was able <span class=\"_ _1\"></span>to conclude that <span class=\"_ _1\"></span>there <span class=\"_ _1\"></span>was no significant impact<span class=\"_ _1\"></span> on the Plan. <span class=\"_ _1\"></span>The defined benefit liability<span class=\"_ _1\"></span> has ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e been calculated on the basis <span class=\"_ _1\"></span>that no additional liabilities arise as a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Vir<span class=\"_ _1\"></span>gin Media ruling.<span class=\"_ _393\"> </span>The mov<span class=\"_ _1\"></span>ement in the <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan assets during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _393\"> </span><table class=\"s w173 he6\" id=\"_fc280224-670c-4def-96d7-2d5747faf10b\"><tr><td></td><td class=\"c n x3cb y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c40 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c40 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w226 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc03 y3c41 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">113.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x22d y3c41 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w341 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on Plan assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3df0 ff4a fs4 fc1 sc0 ls0 ws0\">Cash flows<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c63 w342 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Contributions by the Group<span class=\"_ _393\"> </span></div></td><td class=\"c n xa0f y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xa10 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w343 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Contributions by Plan members<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1f y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w344 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Benefits paid<span class=\"_ _393\"> </span></div></td><td class=\"c n xc04 y3c4f w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x788 y3c4f w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 w345 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Administration expenses paid<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c4 y3c45 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc05 y3c45 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3df1 ff4a fs4 fc1 sc0 ls0 ws0\">Remeasur<span class=\"_ _1\"></span>ement gain / (loss)<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c65 w346 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Return on Plan assets (ex<span class=\"_ _1\"></span>cluding amounts included in inter<span class=\"_ _1\"></span>est)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc06 y3c65 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xa10 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc07 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">104.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc08 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">113.7<span class=\"_ _393\"> </span></div></td></tr></table>The actual re<span class=\"_ _1\"></span>turn on Plan assets in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 w<span class=\"_ _1\"></span>as a loss of \u00a37<span class=\"_ _e\"></span>.1m (2024: g<span class=\"_ _1\"></span>ain of \u00a312.<span class=\"_ _1\"></span>7m).<span class=\"_ _393\"> </span>The mov<span class=\"_ _1\"></span>ement in the pr<span class=\"_ _1\"></span>esent <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the Plan liabilities during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>was as <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span><table class=\"s w1c6 hdd\" id=\"_9425bcf6-ddb1-4b01-8abf-15c4cd3094af\"><tr><td></td><td class=\"c n x36b y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c5f w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c5f w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w226 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 1 Oct<span class=\"_ _1\"></span>ober 2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x429 y3c60 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">91.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3c60 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">89.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w347 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Current service cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td class=\"c n xc09 y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c40 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w348 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pas<span class=\"_ _1\"></span>t service cost<span class=\"_ _393\"> </span></div></td><td class=\"c n x366 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x894 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w349 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Funding cost<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0a y3c42 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0b y3c42 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df2 ff4a fs4 fc1 sc0 ls0 ws0\">Cash flows<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c63 w343 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Contributions by Plan members<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3c63 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa1f y3c63 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w344 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Benefits paid<span class=\"_ _393\"> </span></div></td><td class=\"c n xc04 y3c4e w44 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n x788 y3c4e w46 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df3 ff4a fs4 fc1 sc0 ls0 ws0\">Remeasur<span class=\"_ _1\"></span>ement loss / (gain)<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c45 w34a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from demographic assumptions<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x71e y3c45 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c62 w34b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from financial assumptions<span class=\"_ _393\"> </span></div></td><td class=\"c n x5e9 y3c62 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(11.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xb2a y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c65 w34c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from experience adjustments<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x784 y3c65 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w187 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">At 30 Sept<span class=\"_ _1\"></span>ember 2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x969 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x96a y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">91.5<span class=\"_ _393\"> </span></div></td></tr></table>The liabilities of<span class=\"_ _1\"></span> the Plan ar<span class=\"_ _1\"></span>e measured b<span class=\"_ _1\"></span>y discounting <span class=\"_ _1\"></span>the best estimate of<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e cash flow<span class=\"_ _1\"></span>s to be paid out b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Plan using the Projected Unit me<span class=\"_ _1\"></span>thod. T<span class=\"_ _1\"></span>his amount is reflected in <span class=\"_ _1\"></span>the liability<span class=\"_ _1\"></span> in the balance sheet. <span class=\"_ _1\"></span>The Pr<span class=\"_ _1\"></span>ojected Unit method is an accrued benefits valuation method in <span class=\"_ _1\"></span>which the Plan liabilities ar<span class=\"_ _1\"></span>e calculated based on service up until the <span class=\"_ _1\"></span>valuation dat<span class=\"_ _1\"></span>e allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>future salary<span class=\"_ _1\"></span> gro<span class=\"_ _1\"></span>wth until the date of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>tirement, <span class=\"_ _1\"></span>withdrawal or<span class=\"_ _0\"></span> death, as appropriate. T<span class=\"_ _1\"></span>he future service r<span class=\"_ _1\"></span>ate is then calculated as <span class=\"_ _1\"></span>the contribution rate r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to fund <span class=\"_ _1\"></span>the service accruing over<span class=\"_ _1\"></span> the ne<span class=\"_ _1\"></span>xt y<span class=\"_ _1\"></span>ear ag<span class=\"_ _1\"></span>ain allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>future salary<span class=\"_ _1\"></span> gro<span class=\"_ _1\"></span>wth. Liabilities for<span class=\"_ _1\"></span> benefits accruing f<span class=\"_ _1\"></span>or service up <span class=\"_ _1\"></span>to 1 <span class=\"_ _1\"></span>July 2021 ar<span class=\"_ _1\"></span>e calculated separately<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om those accruing in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> service after<span class=\"_ _1\"></span> that date.<span class=\"_ _393\"> </span>The major<span class=\"_ _1\"></span> weighted a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e assumptions used by<span class=\"_ _1\"></span> the actuary<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>ere (in nominal <span class=\"_ _1\"></span>terms):<span class=\"_ _393\"> </span><table class=\"s w34d h120\" id=\"_cdaf07b0-3b7f-484a-9786-74120e38f35d\"><tr><td></td><td class=\"c n x1f0 y3cdd w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0c y3cdd w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0d y3cdd w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df4 ff4a fs4 fc1 sc0 ls0 ws0\">In determining net pension cos<span class=\"_ _1\"></span>t for the y<span class=\"_ _1\"></span>ear<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c39 w34e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discount rate<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0e y3c39 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.10%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0f y3c39 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.55%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c39 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.00%</div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df5 ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Rate of compensation increase:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x441 y3c3b w34f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pre 1 July 2021 accrual<span class=\"_ _393\"> </span></div></td><td class=\"c n xc10 y3c3b w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc11 y3c3b w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc12 y3c3b w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.55%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c5e w350 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Post 1 July 2021 accrual<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c5e w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d5 y3c5e w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc13 y3c5e w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c3c w351 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of price inflation<span class=\"_ _393\"> </span></div></td><td class=\"c n xc14 y3c3c w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc15 y3c3c w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc16 y3c3c w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.55%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c3d w352 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of increase of pensions<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c3d w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.85%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc17 y3c3d w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e3 y3c3d w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df6 ff4a fs4 fc1 sc0 ls0 ws0\">In determining benefit oblig<span class=\"_ _1\"></span>ations<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c40 w34e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discount rate<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0e y3c40 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0f y3c40 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.10%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c3 y3c40 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.55%</div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df7 ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Rate of compensation increase:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x441 y3c42 w34f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pre 1 July 2021 accrual<span class=\"_ _393\"> </span></div></td><td class=\"c n xc10 y3c42 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc11 y3c42 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc12 y3c42 w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c43 w350 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Post 1 July 2021 accrual<span class=\"_ _393\"> </span></div></td><td class=\"c n x6c6 y3c43 w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6d5 y3c43 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc13 y3c43 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.50%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c63 w351 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of price inflation<span class=\"_ _393\"> </span></div></td><td class=\"c n xc14 y3c63 w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.00%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc15 y3c63 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.05%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc16 y3c63 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.25%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w352 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of increase of pensions<span class=\"_ _393\"> </span></div></td><td class=\"c n x6bc y3c4e w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.80%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc17 y3c4e w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.85%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e3 y3c4e w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.00%</div></td></tr><tr><td class=\"t m0 x1d4 h52 y3df8 ff4a fs4 fc1 sc0 ls0 ws0\"> <span class=\"_ _130\"> </span>Further life expectancy a<span class=\"_ _1\"></span>t age 60<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x441 y3c45 w353 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Male member aged 60<span class=\"_ _393\"> </span></div></td><td class=\"c n xc18 y3c45 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n xc19 y3c45 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1a y3c45 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c50 w354 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Female member aged 60<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1b y3c50 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1c y3c50 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1d y3c50 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c65 w353 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Male member aged 40<span class=\"_ _393\"> </span></div></td><td class=\"c n xc18 y3c65 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td><td class=\"c n xc19 y3c65 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1a y3c65 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x441 y3c48 w354 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Female member aged 40<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1b y3c48 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1c y3c48 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1d y3c48 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td></tr></table>In the 2025 <span class=\"_ _1\"></span>valuation <span class=\"_ _1\"></span>the base mortality <span class=\"_ _1\"></span>table used w<span class=\"_ _1\"></span>as the standar<span class=\"_ _1\"></span>d S4PMA/S4PF<span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> (All) <span class=\"_ _1\"></span>Y<span class=\"_ _0\"></span>ear o<span class=\"_ _1\"></span>f Birth <span class=\"_ _1\"></span>table, with <span class=\"_ _1\"></span>future impr<span class=\"_ _1\"></span>ovements projected b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the CMI 2024 projection model <span class=\"_ _1\"></span>with a 1.5% per annum long<span class=\"_ _1\"></span>-term impr<span class=\"_ _1\"></span>ovement<span class=\"_ _1\"></span> rate.<span class=\"_ _393\"> </span>In the 2024 <span class=\"_ _1\"></span>valuation <span class=\"_ _1\"></span>the base mortality <span class=\"_ _1\"></span>table used w<span class=\"_ _1\"></span>as the standar<span class=\"_ _1\"></span>d S3PMA/S3PF<span class=\"_ _0\"></span>A_M (All) Y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span> of Birth <span class=\"_ _1\"></span>table, with <span class=\"_ _1\"></span>future impro<span class=\"_ _1\"></span>vements pr<span class=\"_ _1\"></span>ojected by<span class=\"_ _1\"></span> the CMI 2022 projection model <span class=\"_ _1\"></span>with a 1.5% per annum long<span class=\"_ _1\"></span>-term impr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>ement rate.<span class=\"_ _393\"> </span>In the 2023 <span class=\"_ _1\"></span>valuation <span class=\"_ _1\"></span>the base mortality <span class=\"_ _1\"></span>table used w<span class=\"_ _1\"></span>as the standar<span class=\"_ _1\"></span>d S3PMA/S3PF<span class=\"_ _1\"></span>A_M (All) <span class=\"_ _1\"></span>Y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span> of Birth <span class=\"_ _1\"></span>table, with <span class=\"_ _1\"></span>future impro<span class=\"_ _1\"></span>vements pr<span class=\"_ _1\"></span>ojected by<span class=\"_ _1\"></span> the CMI 2022 projection model <span class=\"_ _1\"></span>with a 1.5% per annum long<span class=\"_ _1\"></span>-term impr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>ement rate. The amounts charged in <span class=\"_ _1\"></span>the consolidated income statement in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the Plan ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span><table class=\"s w33a h121\" id=\"_2828f76f-2773-4735-8c3d-93720908f4de\"><tr><td></td><td></td><td class=\"c n x3b9 y3c3e w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c3e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c60 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c60 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w347 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Current service cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc09 y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c40 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w348 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pas<span class=\"_ _1\"></span>t service cost<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x366 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x894 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w355 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal service cost<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1e y3c42 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">53<span class=\"_ _393\"> </span></div></td><td class=\"c n xc09 y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x75e y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w14b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Administra<span class=\"_ _1\"></span>tion expenses<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3cd y3c43 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c43 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w356 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Included within operating e<span class=\"_ _1\"></span>xpenses<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xb24 y3c63 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xc1f y3c63 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w85 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Funding cost of Plan liabilities<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x3cd y3c4f w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c4f w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w341 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inter<span class=\"_ _1\"></span>est on Plan assets<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc20 y3c45 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(5.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc21 y3c45 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(5.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w357 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net inter<span class=\"_ _1\"></span>est (income)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f8 y3c50 w16 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc22 y3c50 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc23 y3c50 w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w358 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Components of defined benefit c<span class=\"_ _1\"></span>osts recognised in pr<span class=\"_ _1\"></span>ofit or loss<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc24 y3c48 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc25 y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr></table>The amounts recognised in <span class=\"_ _1\"></span>the consolidated statement o<span class=\"_ _1\"></span>f compr<span class=\"_ _1\"></span>ehensive income in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the Plan ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span><table class=\"s w1c6 heb\" id=\"_8095b2a3-7580-4be3-b3cd-f10d2b40151d\"><tr><td></td><td class=\"c n x3cb y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c41 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c42 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c42 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w359 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Return on Plan assets (e<span class=\"_ _1\"></span>xcluding amoun<span class=\"_ _1\"></span>ts included in interes<span class=\"_ _1\"></span>t)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc26 y3c61 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n x858 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h52 y3df9 ff4a fs4 fc1 sc0 ls0 ws0\">Actuarial gains / (losses)<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c4e w34a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from demographic assumptions<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4f w34b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from financial assumptions<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c4f w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x784 y3c4f w7f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c45 w34c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Arising from experience adjustments<span class=\"_ _393\"> </span></div></td><td class=\"c n xc27 y3c45 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc28 y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w35a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal actuarial (loss) / g<span class=\"_ _1\"></span>ain<span class=\"_ _393\"> </span></div></td><td class=\"c n x433 y3c62 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w45 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ax thereon<span class=\"_ _393\"> </span></div></td><td class=\"c n x948 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x5a2 y3c65 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w35b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net actuarial (loss) / gain<span class=\"_ _393\"> </span></div></td><td class=\"c n xc04 y3c48 w44 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3c48 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td></tr></table>Of <span class=\"_ _1\"></span>the remeasur<span class=\"_ _1\"></span>ement mov<span class=\"_ _1\"></span>ements reflect<span class=\"_ _1\"></span>ed above:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The return on plan assets <span class=\"_ _1\"></span>to 30 September<span class=\"_ _1\"></span> 2025 reflects mark<span class=\"_ _1\"></span>et performance o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s investments in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>, reflecting the hedging strategy<span class=\"_ _1\"></span> noted abov<span class=\"_ _1\"></span>e. T<span class=\"_ _1\"></span>he 2024 financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> saw a r<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>ery in <span class=\"_ _1\"></span>values, as a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> a generally<span class=\"_ _1\"></span> mor<span class=\"_ _1\"></span>e benign global economic climate<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Despite the adoption of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>vised mortality <span class=\"_ _1\"></span>tables in the curr<span class=\"_ _1\"></span>ent <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the resulting demographic g<span class=\"_ _1\"></span>ain / (loss) <span class=\"_ _1\"></span>was not significant. <span class=\"_ _0\"></span>The gain in the 2024 <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear r<span class=\"_ _1\"></span>eflected <span class=\"_ _1\"></span>the adoption of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>vised commutation factor<span class=\"_ _1\"></span>s by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The change in financial assumptions in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ended 30 Sept<span class=\"_ _1\"></span>ember 2025 r<span class=\"_ _1\"></span>eflected the incr<span class=\"_ _0\"></span>ease in the discount rate, based on bond yields, with only<span class=\"_ _1\"></span> a small mov<span class=\"_ _1\"></span>ement in market-implied inflation, based on gilt<span class=\"_ _1\"></span> yields <span class=\"_ _34\"> </span> <span class=\"_ _4\"></span>The change in financial assump<span class=\"_ _1\"></span>tions in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024 reflect<span class=\"_ _1\"></span>ed principally a <span class=\"_ _1\"></span>widening of <span class=\"_ _1\"></span>the gap betw<span class=\"_ _1\"></span>een the assumed discount and inflation rates as bond <span class=\"_ _1\"></span>yields fell <span class=\"_ _1\"></span>faster<span class=\"_ _1\"></span> than gilt <span class=\"_ _1\"></span>yields<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The experience adjustments in both y<span class=\"_ _1\"></span>ears shown r<span class=\"_ _1\"></span>epresent <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> the diff<span class=\"_ _1\"></span>erence betw<span class=\"_ _1\"></span>een actual and for<span class=\"_ _1\"></span>ecast UK inflation in the y<span class=\"_ _1\"></span>ear on expect<span class=\"_ _1\"></span>ed benefits, with an experience loss in <span class=\"_ _1\"></span>the current<span class=\"_ _1\"></span> y<span class=\"_ _1\"></span>ear offse<span class=\"_ _1\"></span>t by<span class=\"_ _1\"></span> a gain in respect<span class=\"_ _1\"></span> of member<span class=\"_ _1\"></span> mortality<span class=\"_ _1\"></span> experience<span class=\"_ _393\"> </span>(c<span class=\"_ _0\"></span>)  <span class=\"_ _b2\"> </span>Defined benefit plan \u2013 future cash flo<span class=\"_ _1\"></span>ws<span class=\"_ _393\"> </span>The sensitivity o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation of<span class=\"_ _1\"></span> the defined benefit oblig<span class=\"_ _1\"></span>ation to <span class=\"_ _1\"></span>the principal assumptions disclosed abov<span class=\"_ _1\"></span>e at 30 September<span class=\"_ _1\"></span> 2025, calculating the obligation on <span class=\"_ _1\"></span>the same basis as used in determining <span class=\"_ _1\"></span>the IAS 19 v<span class=\"_ _1\"></span>alue, is as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span><table class=\"s w35c he0\" id=\"_42eda3ef-d42c-4893-b335-d82a089973ac\"><tr><td class=\"c n x1a7 y3c4e w35d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Assumption<span class=\"_ _393\"> </span></div></td><td class=\"c n xc29 y3c4e w35e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Increase in assumption<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2a y3c4e w35f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Impact on scheme liabilities<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td></td><td class=\"c n xc2b y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2c y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w360 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Discount r<span class=\"_ _1\"></span>ate<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2d y3c98 w361 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.25% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2e y3c98 w362 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.7)%<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f7 y3c98 w1aa hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.9)%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w363 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of infla<span class=\"_ _1\"></span>tion*<span class=\"_ _393\"> </span></div></td><td class=\"c n xc2f y3c62 w364 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.25% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xbd7 y3c62 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc30 y3c62 w1a8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.9%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w365 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rate of salary gr<span class=\"_ _1\"></span>owth<span class=\"_ _393\"> </span></div></td><td class=\"c n xc31 y3c65 w361 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.25% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xb8e y3c65 w1a3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc32 y3c65 w1a8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w366 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Rates of mort<span class=\"_ _1\"></span>ality<span class=\"_ _393\"> </span></div></td><td class=\"c n xc33 y3c48 w367 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1 year of lif<span class=\"_ _1\"></span>e expectancy<span class=\"_ _393\"> </span></div></td><td class=\"c n xc34 y3c48 w1a1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc35 y3c48 w1a8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.1%<span class=\"_ _393\"> </span></div></td></tr></table>*maintaining a 0.<span class=\"_ _1\"></span>0% assumption for<span class=\"_ _1\"></span> real salary<span class=\"_ _1\"></span> growth<span class=\"_ _393\"> </span>The rate of<span class=\"_ _0\"></span> growth for<span class=\"_ _0\"></span> pensions in payment primarily relat<span class=\"_ _1\"></span>es to <span class=\"_ _1\"></span>forecast inflation r<span class=\"_ _1\"></span>ates.<span class=\"_ _393\"> </span>The sensitivity analy<span class=\"_ _1\"></span>sis present<span class=\"_ _1\"></span>ed above ma<span class=\"_ _1\"></span>y not<span class=\"_ _1\"></span> be repr<span class=\"_ _1\"></span>esentative of<span class=\"_ _1\"></span> an actual futur<span class=\"_ _1\"></span>e change in <span class=\"_ _1\"></span>the defined benefit obligation as it is unlikely<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> changes in assumptions w<span class=\"_ _1\"></span>ould occur in isolation, as some o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the assumptions will be corr<span class=\"_ _1\"></span>elated. <span class=\"_ _1\"></span>Ther<span class=\"_ _1\"></span>e has been no change in the me<span class=\"_ _1\"></span>thod of pr<span class=\"_ _1\"></span>eparing the analy<span class=\"_ _1\"></span>sis fr<span class=\"_ _1\"></span>om that adopt<span class=\"_ _1\"></span>ed in pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ears. T<span class=\"_ _1\"></span>he impacts of equiv<span class=\"_ _1\"></span>alent decr<span class=\"_ _1\"></span>eases in assumptions are br<span class=\"_ _1\"></span>oadly<span class=\"_ _1\"></span> equal and opposite to <span class=\"_ _1\"></span>the effects of<span class=\"_ _1\"></span> the incr<span class=\"_ _1\"></span>eases shown abo<span class=\"_ _1\"></span>ve.<span class=\"_ _393\"> </span>In conjunction with <span class=\"_ _1\"></span>the T<span class=\"_ _e\"></span>rustee, the Group has continued <span class=\"_ _1\"></span>to conduct asset-liability<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>s of<span class=\"_ _1\"></span> the Plan. <span class=\"_ _1\"></span>These studies ar<span class=\"_ _1\"></span>e used to assist the <span class=\"_ _1\"></span>T<span class=\"_ _e\"></span>rustee and the Group t<span class=\"_ _1\"></span>o determine the optimal long<span class=\"_ _1\"></span>-term asset<span class=\"_ _1\"></span> allocation with r<span class=\"_ _1\"></span>egard <span class=\"_ _1\"></span>to the structur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> liabilities within the Plan. T<span class=\"_ _1\"></span>he results of<span class=\"_ _1\"></span> the studies ar<span class=\"_ _1\"></span>e used t<span class=\"_ _1\"></span>o assist the <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rustee in managing <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>olatility in <span class=\"_ _1\"></span>the underlying investment<span class=\"_ _1\"></span> performance and risk of<span class=\"_ _1\"></span> a significant increase in <span class=\"_ _1\"></span>the scheme deficit by<span class=\"_ _0\"></span> providing information used <span class=\"_ _1\"></span>to determine the in<span class=\"_ _1\"></span>vestment strat<span class=\"_ _1\"></span>egy of<span class=\"_ _1\"></span> the Plan. There ha<span class=\"_ _1\"></span>ve been no changes in <span class=\"_ _1\"></span>the processes b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>which the Plan manag<span class=\"_ _1\"></span>es its risks fr<span class=\"_ _1\"></span>om pre<span class=\"_ _1\"></span>vious periods.<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>ollowing a revie<span class=\"_ _1\"></span>w o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Plan\u2019<span class=\"_ _0\"></span>s investment str<span class=\"_ _1\"></span>ategy<span class=\"_ _1\"></span>, the curr<span class=\"_ _1\"></span>ent tar<span class=\"_ _1\"></span>get asset<span class=\"_ _1\"></span> allocations for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026 are 38% gro<span class=\"_ _1\"></span>wth assets (primarily<span class=\"_ _1\"></span> equities), and 62% matching assets (<span class=\"_ _1\"></span>primarily bonds<span class=\"_ _1\"></span>) which includes LDI balances, <span class=\"_ _1\"></span>with the hedg<span class=\"_ _1\"></span>e ratio remaining at 90%.<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>ollowing the finalisation of<span class=\"_ _1\"></span> the Mar<span class=\"_ _1\"></span>ch 2022 v<span class=\"_ _1\"></span>aluation, the agr<span class=\"_ _1\"></span>eed rate o<span class=\"_ _1\"></span>f emplo<span class=\"_ _1\"></span>yer<span class=\"_ _1\"></span> contribution reduced <span class=\"_ _1\"></span>to 12.5% of<span class=\"_ _1\"></span> capped pensionable salary <span class=\"_ _1\"></span>from 15 Mar<span class=\"_ _1\"></span>ch 2023, having been 25% since 1 <span class=\"_ _1\"></span>July 2021. <span class=\"_ _0\"></span>An additional contribution for deficit<span class=\"_ _1\"></span> reduction of<span class=\"_ _1\"></span> \u00a31.9m payable o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the nine-month period ending on 30 No<span class=\"_ _1\"></span>vember<span class=\"_ _1\"></span> 2023, and an additional contribution of<span class=\"_ _1\"></span> \u00a32.5m per annum, pay<span class=\"_ _1\"></span>able monthly <span class=\"_ _1\"></span>from 1 December<span class=\"_ _1\"></span> 2023 w<span class=\"_ _1\"></span>ere also agr<span class=\"_ _1\"></span>eed. T<span class=\"_ _1\"></span>hese include amounts payable under<span class=\"_ _0\"></span> the PRP and r<span class=\"_ _1\"></span>eplace the \u00a32.5m per<span class=\"_ _1\"></span> annum contribution for<span class=\"_ _1\"></span> deficit r<span class=\"_ _1\"></span>eduction included in the pr<span class=\"_ _1\"></span>evious <span class=\"_ _1\"></span>funding plan. T<span class=\"_ _1\"></span>he additional contribution is reduced <span class=\"_ _1\"></span>to a rate of<span class=\"_ _1\"></span> \u00a31.9m per<span class=\"_ _1\"></span> annum if <span class=\"_ _1\"></span>the funding le<span class=\"_ _1\"></span>vel meets <span class=\"_ _1\"></span>the targ<span class=\"_ _1\"></span>et set by<span class=\"_ _0\"></span> the PFP arrangement, <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>as reached in <span class=\"_ _0\"></span>April 2024. The Gr<span class=\"_ _1\"></span>oup continues t<span class=\"_ _1\"></span>o make an additional \u00a30<span class=\"_ _1\"></span>.4m per<span class=\"_ _1\"></span> annum contribution in respect of<span class=\"_ _0\"></span> the Plan\u2019<span class=\"_ _0\"></span>s running costs, payable monthly<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The present<span class=\"_ _1\"></span> best estimate of<span class=\"_ _1\"></span> the contributions <span class=\"_ _1\"></span>to be made to <span class=\"_ _1\"></span>the Plan by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026 is \u00a33.0m. The av<span class=\"_ _1\"></span>erage durations of<span class=\"_ _0\"></span> the discounted benefit obligations in the Plan at<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end are shown in <span class=\"_ _1\"></span>the table belo<span class=\"_ _1\"></span>w:<span class=\"_ _393\"> </span><table class=\"s wd8 hde\" id=\"_6bbed088-18be-4347-a171-224b599cbe9b\"><tr><td></td><td class=\"c n x36b y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c63 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c4e w368 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xc36 y3c4e w369 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3dfa ff49 fs4 fc1 sc0 ls0 ws0\">Category of member<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 w36a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Active members<span class=\"_ _393\"> </span></div></td><td class=\"c n xc37 y3c45 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18<span class=\"_ _393\"> </span></div></td><td class=\"c n xc38 y3c45 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w36b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Def<span class=\"_ _1\"></span>erred pensioners<span class=\"_ _393\"> </span></div></td><td class=\"c n xc39 y3c62 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3a y3c62 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w36c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Current pensioner<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3b y3c65 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3c y3c65 w76 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w36d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">All members<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3d y3c48 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n xc3e y3c48 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-439": {
   "value": "(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Defined contribution arrangements<span class=\"_ _393\"> </span>The Group sponsor<span class=\"_ _1\"></span>s a defined contribution (W<span class=\"_ _1\"></span>orksave<span class=\"_ _0\"></span>) pension scheme, open to all employees <span class=\"_ _1\"></span>who are no<span class=\"_ _1\"></span>t members of<span class=\"_ _1\"></span> the Plan. The Group <span class=\"_ _1\"></span>first completed <span class=\"_ _1\"></span>the auto-enrolment<span class=\"_ _1\"></span> process mandated b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the UK Gov<span class=\"_ _1\"></span>ernment in Nov<span class=\"_ _1\"></span>ember 2013, using <span class=\"_ _1\"></span>this scheme, with subsequent re-enr<span class=\"_ _1\"></span>olment e<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee y<span class=\"_ _1\"></span>ears, most recently<span class=\"_ _1\"></span> in 2022. <span class=\"_ _1\"></span>A ne<span class=\"_ _1\"></span>w aut<span class=\"_ _1\"></span>omatic re-enr<span class=\"_ _1\"></span>olment process <span class=\"_ _1\"></span>will commence on 1 November<span class=\"_ _0\"></span> 2025. Since the year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2020 the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s contribution to the scheme <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> those employ<span class=\"_ _1\"></span>ees making the maximum 6% contribution has been 10% of salary<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The Group also sponsor<span class=\"_ _1\"></span>s a number of<span class=\"_ _1\"></span> other<span class=\"_ _1\"></span> defined contribution pension plans r<span class=\"_ _1\"></span>elating to acquir<span class=\"_ _1\"></span>ed entities and makes contributions to these schemes in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> employ<span class=\"_ _1\"></span>ees.<span class=\"_ _393\"> </span>The assets of<span class=\"_ _1\"></span> these schemes ar<span class=\"_ _1\"></span>e not Gr<span class=\"_ _1\"></span>oup assets and are held separ<span class=\"_ _1\"></span>ately <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>those of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, under <span class=\"_ _1\"></span>the control o<span class=\"_ _1\"></span>f independent trustees. Contributions made by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup to <span class=\"_ _1\"></span>these schemes in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025, which r<span class=\"_ _1\"></span>epresent<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>total cost charged against<span class=\"_ _1\"></span> income, wer<span class=\"_ _1\"></span>e \u00a35.0m (202<span class=\"_ _1\"></span>4: \u00a34.8m) (<span class=\"_ _1\"></span>note 53).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedContributionPlansExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-440": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs698\">57<span class=\"_ _0\"></span>.  Capital manag<span class=\"_ _1\"></span>ement<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs699\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s objectives in managing capital ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs69a\">\u2022 <span class=\"_ _6\"> </span>T<span class=\"_ _e\"></span>o ensure that the Gr<span class=\"_ _1\"></span>oup has sufficient capital <span class=\"_ _1\"></span>to meet its operational r<span class=\"_ _1\"></span>equirements and str<span class=\"_ _1\"></span>ategic objectives<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs69b\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>T<span class=\"_ _e\"></span>o safeguard the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s ability<span class=\"_ _1\"></span> to continue as a going concern, so <span class=\"_ _1\"></span>that it can continue <span class=\"_ _1\"></span>to pro<span class=\"_ _1\"></span>vide returns <span class=\"_ _1\"></span>to shar<span class=\"_ _1\"></span>eholders and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs69c\">benefits for<span class=\"_ _0\"></span> other stakeholders<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs69d\">\u2022 <span class=\"_ _6\"> </span>T<span class=\"_ _e\"></span>o provide an adequate r<span class=\"_ _1\"></span>eturn to shar<span class=\"_ _1\"></span>eholders by<span class=\"_ _1\"></span> pricing products and services commensur<span class=\"_ _1\"></span>ately <span class=\"_ _1\"></span>with the le<span class=\"_ _1\"></span>vel of<span class=\"_ _0\"></span> risk<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs69e\">\u2022 <span class=\"_ _6\"> </span>T<span class=\"_ _e\"></span>o ensure that sufficient r<span class=\"_ _1\"></span>egulatory capital is a<span class=\"_ _1\"></span>vailable <span class=\"_ _1\"></span>to meet any<span class=\"_ _1\"></span> externally<span class=\"_ _1\"></span> imposed requir<span class=\"_ _1\"></span>ements<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs69f\">The pro<span class=\"_ _1\"></span>tection of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s capital base and its long-<span class=\"_ _1\"></span>term viability<span class=\"_ _1\"></span> are k<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span> strategic priorities.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a0\">The Group se<span class=\"_ _1\"></span>ts its targ<span class=\"_ _1\"></span>et amount of<span class=\"_ _1\"></span> capital in proportion <span class=\"_ _1\"></span>to risk, av<span class=\"_ _1\"></span>ailability and cost. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup manages the capital structur<span class=\"_ _1\"></span>e and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a1\">makes adjustments <span class=\"_ _1\"></span>to it in the light<span class=\"_ _1\"></span> of chang<span class=\"_ _1\"></span>es in economic conditions and the risk char<span class=\"_ _1\"></span>acteristics of <span class=\"_ _1\"></span>the underlying assets, having </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a2\">particular r<span class=\"_ _1\"></span>egar<span class=\"_ _1\"></span>d to <span class=\"_ _1\"></span>the relativ<span class=\"_ _1\"></span>e costs and availability<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> debt and equity<span class=\"_ _1\"></span> finance at any<span class=\"_ _1\"></span> given <span class=\"_ _1\"></span>time. In order<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o maintain or adjust <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a3\">capital structure <span class=\"_ _1\"></span>the Group ma<span class=\"_ _1\"></span>y adjust <span class=\"_ _1\"></span>the amount of<span class=\"_ _1\"></span> dividends paid to shar<span class=\"_ _1\"></span>eholders, re<span class=\"_ _1\"></span>turn capital to shar<span class=\"_ _1\"></span>eholders, issue new<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a4\">shares, issue or<span class=\"_ _1\"></span> redeem o<span class=\"_ _1\"></span>ther capital instruments, such as r<span class=\"_ _1\"></span>etail or<span class=\"_ _1\"></span> corporate bonds, or<span class=\"_ _1\"></span> sell assets to r<span class=\"_ _1\"></span>educe debt. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a5\">The Group is subject<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>egulatory capital rules imposed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> on a consolidated basis as a gr<span class=\"_ _1\"></span>oup containing an authorised </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a6\">bank. T<span class=\"_ _1\"></span>his is discussed further<span class=\"_ _1\"></span> below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs6a7\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>Regulatory<span class=\"_ _1\"></span> <span class=\"_ _2\"></span>capital<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a8\">The Group is subject<span class=\"_ _1\"></span> to supervision b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> on a consolidated basis, as a group containing an authorised bank. F<span class=\"_ _0\"></span>or r<span class=\"_ _1\"></span>egulatory </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6a9\">purposes the Company<span class=\"_ _1\"></span> is designated as a CRR consolidation entity<span class=\"_ _0\"></span>, as defined by <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> rulebook. As part<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>this supervision the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6aa\">regulator<span class=\"_ _1\"></span> will issue a <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>otal Capital Requir<span class=\"_ _1\"></span>ement (\u2018T<span class=\"_ _1\"></span>CR\u2019) setting the amount o<span class=\"_ _1\"></span>f r<span class=\"_ _1\"></span>egulatory capital r<span class=\"_ _1\"></span>elative <span class=\"_ _1\"></span>to its <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>otal Risk<span class=\"_ _1\"></span> Exposure </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6ab\">(\u2018TRE\u2019) which <span class=\"_ _1\"></span>the Group is r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to hold at all times, in or<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span> to safeguar<span class=\"_ _1\"></span>d depositors <span class=\"_ _1\"></span>from loss <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>the business cycle. <span class=\"_ _0\"></span>This is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6ac\">set in accordance <span class=\"_ _1\"></span>with the int<span class=\"_ _1\"></span>ernational Basel 3 rules, issued by <span class=\"_ _1\"></span>the Basel Committee on Banking Supervision (\u2018BCBS\u2019), <span class=\"_ _1\"></span>which are </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6ad\">implemented in the UK<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ough the PRA<span class=\"_ _1\"></span> Rulebook.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6ae\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s regulatory<span class=\"_ _1\"></span> capital is monitor<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the Boar<span class=\"_ _1\"></span>d of Dir<span class=\"_ _1\"></span>ectors, its Risk and Compliance Committ<span class=\"_ _1\"></span>ee and by<span class=\"_ _1\"></span> the Ex<span class=\"_ _1\"></span>ecutive Risk </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6af\">Committee (\u2018ERC\u2019) and the <span class=\"_ _0\"></span>Asset and Liability Committee, which ensur<span class=\"_ _1\"></span>e that appr<span class=\"_ _0\"></span>opriate action is taken t<span class=\"_ _1\"></span>o ensure compliance <span class=\"_ _1\"></span>with </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b0\">the regulator\u2019<span class=\"_ _0\"></span>s requir<span class=\"_ _1\"></span>ements. <span class=\"_ _1\"></span>The futur<span class=\"_ _1\"></span>e regulatory<span class=\"_ _0\"></span> capital requirement is also consider<span class=\"_ _1\"></span>ed as part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s f<span class=\"_ _1\"></span>orecasting and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b1\">strategic planning pr<span class=\"_ _1\"></span>ocess.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b2\">The Group elect<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>take adv<span class=\"_ _1\"></span>antage of<span class=\"_ _1\"></span> the IFRS 9 transitional arr<span class=\"_ _1\"></span>angements set out in <span class=\"_ _0\"></span>Article 473a of <span class=\"_ _1\"></span>the CRR, which allow<span class=\"_ _1\"></span>ed the </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b3\">capital impact of<span class=\"_ _1\"></span> expected credit<span class=\"_ _1\"></span> losses to be phased in o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> a five-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> period. T<span class=\"_ _1\"></span>he phase-in factors applying <span class=\"_ _1\"></span>to tr<span class=\"_ _1\"></span>ansition adjustments </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b4\">allowed <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> a 95% add back to CET1 capital and Risk<span class=\"_ _1\"></span> W<span class=\"_ _0\"></span>eighted Assets (\u2018RW<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>\u2019) in the <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear ended 30 Sept<span class=\"_ _1\"></span>ember 2019<span class=\"_ _1\"></span>, reducing </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b5\">to 85%, 70%, 50% and 25% for<span class=\"_ _0\"></span> the financial y<span class=\"_ _1\"></span>ears ending in 2020 to 2023, <span class=\"_ _1\"></span>with full r<span class=\"_ _1\"></span>ecognition of<span class=\"_ _1\"></span> the impact on CET1 capital in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b6\">ended 30 September<span class=\"_ _1\"></span> 2024. </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b7\">As part of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>egulatory r<span class=\"_ _1\"></span>esponse to Co<span class=\"_ _1\"></span>vid, <span class=\"_ _1\"></span>Article 473a w<span class=\"_ _1\"></span>as re<span class=\"_ _1\"></span>vised t<span class=\"_ _1\"></span>o extend the <span class=\"_ _1\"></span>transitional arrangements <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> Stage 1 and Stag<span class=\"_ _1\"></span>e 2 </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b8\">impairment pro<span class=\"_ _1\"></span>visions created in <span class=\"_ _1\"></span>the financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2020 and the <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear ended 30 Sept<span class=\"_ _1\"></span>ember 2021, <span class=\"_ _1\"></span>while </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6b9\">maintaining the <span class=\"_ _1\"></span>transitional arrangements <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> impairment pro<span class=\"_ _1\"></span>visions created be<span class=\"_ _1\"></span>fore <span class=\"_ _1\"></span>those y<span class=\"_ _1\"></span>ears. In order<span class=\"_ _0\"></span> to increase institutions lending </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6ba\">capacity in <span class=\"_ _1\"></span>the short term, <span class=\"_ _1\"></span>the EU determined <span class=\"_ _1\"></span>that these additional pr<span class=\"_ _1\"></span>ovisions should be phased into capital o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ears </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6bb\">ending 30 September<span class=\"_ _1\"></span> 2022 to 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _1\"></span>, rather <span class=\"_ _1\"></span>than r<span class=\"_ _1\"></span>ecognising the r<span class=\"_ _1\"></span>eduction in capital immediately<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws60 gs6bc\">Where <span class=\"_ _1\"></span>these reliefs <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e tak<span class=\"_ _1\"></span>en, firms <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e also requir<span class=\"_ _1\"></span>ed to disclose <span class=\"_ _1\"></span>their capital positions calculated as if<span class=\"_ _0\"></span> the reliefs <span class=\"_ _1\"></span>were no<span class=\"_ _1\"></span>t available </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6bd\">(the \u2018fully loaded\u2019 basis<span class=\"_ _1\"></span>). F<span class=\"_ _0\"></span>rom 1 October 2024 <span class=\"_ _1\"></span>the relie<span class=\"_ _1\"></span>fs wer<span class=\"_ _1\"></span>e fully<span class=\"_ _1\"></span> phased out and hence the <span class=\"_ _1\"></span>fully loaded and r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> bases for<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6be\">Group ar<span class=\"_ _1\"></span>e equal for<span class=\"_ _0\"></span> the current financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6bf\">The tables belo<span class=\"_ _1\"></span>w demonstrate <span class=\"_ _1\"></span>that at 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s total r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> capital of \u00a31,322.4m (202<span class=\"_ _1\"></span>4: \u00a31,327<span class=\"_ _0\"></span>.9m<span class=\"_ _1\"></span>) </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c0\">exceeded <span class=\"_ _1\"></span>the amounts requir<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>egulator<span class=\"_ _0\"></span>, including \u00a3701.2m (2024: \u00a3724.<span class=\"_ _0\"></span>1m) in respect of<span class=\"_ _0\"></span> its TCR, <span class=\"_ _1\"></span>which is comprised of<span class=\"_ _1\"></span> fix<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c1\">and v<span class=\"_ _1\"></span>ariable elements (amounts not<span class=\"_ _1\"></span> subject to audit).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c2\">The to<span class=\"_ _1\"></span>tal regulatory<span class=\"_ _1\"></span> capital at 30 September<span class=\"_ _0\"></span> 2025 on the fully loaded basis of<span class=\"_ _0\"></span> \u00a31,322.4m (2024: \u00a31,325.2m) w<span class=\"_ _1\"></span>as in excess of<span class=\"_ _1\"></span> the <span class=\"_ _0\"></span>TCR of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c3\">\u00a3701.2m (2024: \u00a3723.8m) on <span class=\"_ _1\"></span>the same basis (amounts not<span class=\"_ _1\"></span> subject to audit).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c5\">At 30 Sept<span class=\"_ _1\"></span>ember 2025, <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s T<span class=\"_ _0\"></span>CR represented 8.<span class=\"_ _0\"></span>1% of <span class=\"_ _1\"></span>TRE (2024: 8.7%) <span class=\"_ _1\"></span>with the r<span class=\"_ _1\"></span>eduction principally a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> the most </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c6\">recent r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>w o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s risk profile and e<span class=\"_ _1\"></span>xposures b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the regulator<span class=\"_ _0\"></span>, which <span class=\"_ _1\"></span>was completed during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c7\">The PRA<span class=\"_ _1\"></span> Rulebook also r<span class=\"_ _1\"></span>equires <span class=\"_ _1\"></span>firms to hold additional capital buffer<span class=\"_ _1\"></span>s, including a Capital Conservation Buffer<span class=\"_ _1\"></span> (\u2018CCoB\u2019) of<span class=\"_ _1\"></span> 2.5% of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c8\">TRE (at 30 Sept<span class=\"_ _1\"></span>ember 2025) (2024: 2.5%) and a Count<span class=\"_ _1\"></span>er-c<span class=\"_ _1\"></span>yclical Capital Buffer<span class=\"_ _0\"></span> (\u2018CCyB\u2019), currently 2.<span class=\"_ _1\"></span>0% of <span class=\"_ _0\"></span>TRE (2024: 2.0%). T<span class=\"_ _1\"></span>his is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6c9\">expected t<span class=\"_ _1\"></span>o be the long t<span class=\"_ _1\"></span>erm rate of<span class=\"_ _1\"></span> the CCyB in a standar<span class=\"_ _1\"></span>d risk envir<span class=\"_ _1\"></span>onment. Firm specific buffers may<span class=\"_ _0\"></span> also be required.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6ca\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s regulatory<span class=\"_ _1\"></span> capital differs <span class=\"_ _1\"></span>from its equity<span class=\"_ _1\"></span> as certain adjustments ar<span class=\"_ _1\"></span>e requir<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the PRA<span class=\"_ _0\"></span> Rulebook. A r<span class=\"_ _1\"></span>econciliation of<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6cb\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s equity <span class=\"_ _1\"></span>to its regulatory<span class=\"_ _1\"></span> capital determined in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> Rulebook at 30 September<span class=\"_ _1\"></span> 2025 is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs6cc\"><table class=\"s w36e hfe\" id=\"_a7e69401-6941-450a-afcd-58dbc73e12f7\"><tr><td></td><td></td><td></td><td class=\"c n xc3f y3d35 w36f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Regulat<span class=\"_ _1\"></span>ory basis<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc40 y3d35 w370 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Fully loaded basis<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xc41 y3cb3 w3b hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _393\"> </span></div></td><td class=\"c n xc42 y3cb3 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc43 y3cb3 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc44 y3cb3 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc45 y3cb3 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x31a y3c5d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c5d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x956 y3c5d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c5d w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w371 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal equity<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc46 y3c5e w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,420.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xc47 y3c5e w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,419.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xc48 y3c5e w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,420.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x563 y3c5e w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,419.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h6f y3dfb ff67 fs4 fc1 sc0 ls0 ws0\">Deductions<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c96 w372 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Proposed final dividend<span class=\"_ _393\"> </span></div></td><td class=\"c n xc49 y3c96 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">44<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c2 y3c96 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(57.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc4a y3c96 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(55.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc4b y3c96 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(57.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc4c y3c96 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(55.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w373 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">IFRS 9 tr<span class=\"_ _1\"></span>ansitional relief<span class=\"_ _274\"> </span><span class=\"ff90\">*<span class=\"_ _2b4\"> </span></span></div></td><td></td><td class=\"c n xc4d y3c5f w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x64e y3c5f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x64f y3c5f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xc4e y3c5f w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w5c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intangible assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xc4f y3c60 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n xc50 y3c60 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(172.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc51 y3c60 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(171.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc52 y3c60 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(172.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n x49b y3c60 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(171.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w374 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension surplus net of def<span class=\"_ _0\"></span>erred tax<span class=\"_ _393\"> </span></div></td><td class=\"c n xc53 y3c40 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">56<span class=\"_ _393\"> </span></div></td><td class=\"c n xc54 y3c40 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(17.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc55 y3c40 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc56 y3c40 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(17.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc57 y3c40 w71 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(16.7)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w375 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prudent valua<span class=\"_ _1\"></span>tion adjustments<span class=\"_ _393\"> </span></div></td><td class=\"c n xc58 y3dfd w376 h122\"><div class=\"t m0 x19e h4e y3dfc ff90 fs4 fc1 sc0 ls0 ws0\">\u00a7<span class=\"_ _393\"> </span></div></td><td class=\"c n xc59 y3cb6 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x782 y3cb6 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc5a y3cb6 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(0.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc5b y3cb6 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(0.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w377 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Common Equity Tier 1 (\u2018CET1\u2019) capit<span class=\"_ _1\"></span>al<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc5c y3c97 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,172.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x518 y3c97 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,177.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xc5d y3c97 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,172.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc5e y3c97 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,175.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w378 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other Tier 1 capital<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc5f y3c61 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xc60 y3c61 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a0 y3c61 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a1 y3c61 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w379 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal tier 1 capit<span class=\"_ _1\"></span>al<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc61 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,172.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc62 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,177.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xc63 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,172.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc64 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,175.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w212 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xc65 y3cb2 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">34<span class=\"_ _393\"> </span></div></td><td class=\"c n xc66 y3cb2 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xc67 y3cb2 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xc68 y3cb2 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xc69 y3cb2 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w37a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Eligibility cap<span class=\"_ _393\"> </span></div></td><td class=\"c n xc6a y3dff w37b h123\"><div class=\"t m0 x19e h4e y3dfe ff91 fs4 fc1 sc0 ls0 ws0\">\u0424<span class=\"_ _393\"> </span></div></td><td class=\"c n xc6b y3c98 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xc6c y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x55d y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xaa6 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w379 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal tier 2 capit<span class=\"_ _1\"></span>al<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc6d y3c62 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fb y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xc6e y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x4c4 y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w37c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal regula<span class=\"_ _1\"></span>tory capital (\u2018TRC<span class=\"_ _2\"></span>\u2019)<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc6f y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,322.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc70 y3c48 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,327.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xc71 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,322.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc72 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,325.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs6cd\">*<span class=\"_ _393\"> </span></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs6ce\">Firms are permitted <span class=\"_ _1\"></span>to phase in the impact of<span class=\"_ _1\"></span> IFRS 9 transition as described above.<span class=\"_ _393\"> </span></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs6cf\">\u00a7</div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs6d0\"> <span class=\"_ _9\"></span>For<span class=\"_ _1\"></span> capital purposes, assets and liabilities held at fair<span class=\"_ _1\"></span> value, such as <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _1\"></span>s derivativ<span class=\"_ _1\"></span>es, are requir<span class=\"_ _1\"></span>ed to be <span class=\"_ _1\"></span>valued on a mor<span class=\"_ _1\"></span>e conservative basis <span class=\"_ _1\"></span>than the market <span class=\"_ _1\"></span>value basis </div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs6d1\">set out in IFRS 13. This diff<span class=\"_ _1\"></span>erence is repr<span class=\"_ _1\"></span>esented by<span class=\"_ _1\"></span> the prudent <span class=\"_ _1\"></span>valuation adjustment abov<span class=\"_ _1\"></span>e, calculated using the \u2018Simplified <span class=\"_ _1\"></span>Approach\u2019 set<span class=\"_ _1\"></span> out in the PRA<span class=\"_ _1\"></span> Rulebook.<span class=\"_ _393\"> </span></div><div class=\"t m0 hb1 ff91 fs4 fc1 sc0 ls0 ws0 gs6d2\">\u0424<span class=\"ff6 fs2\">The PRA<span class=\"_ _1\"></span> Rulebook restricts the amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>tier 2 capital which is eligible <span class=\"_ _1\"></span>for r<span class=\"_ _1\"></span>egulatory purposes <span class=\"_ _1\"></span>to 25% of <span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>CR. </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6d3\">The <span class=\"_ _1\"></span>TRE amount calculated under <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> Rulebook fr<span class=\"_ _1\"></span>amework<span class=\"_ _1\"></span> against <span class=\"_ _1\"></span>which this capital is held, which includes Risk<span class=\"_ _1\"></span> W<span class=\"_ _0\"></span>eighted Asset </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6d4\">(\u2018RW<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>\u2019) amounts for<span class=\"_ _1\"></span> credit risk, and <span class=\"_ _1\"></span>the proportion o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the TRE <span class=\"_ _1\"></span>which that capital r<span class=\"_ _1\"></span>epresents, ar<span class=\"_ _0\"></span>e calculated as shown below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs6d5\"><table class=\"s w1c3 h119\" id=\"_2775c6e9-c15b-40fd-849b-3446ebb7c10f\"><tr><td></td><td></td><td class=\"c n xc3f y3c5e w36f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Regulat<span class=\"_ _1\"></span>ory basis<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc40 y3c5e w370 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Fully loaded basis<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x952 y3cb5 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x953 y3cb5 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x954 y3cb5 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x955 y3cb5 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x31a y3c96 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c96 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x956 y3c96 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c96 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h6f y3e00 ff67 fs4 fc1 sc0 ls0 ws0\">Credit risk<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c60 w37d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Balance sheet assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xc73 y3c60 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,573.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xc74 y3c60 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7,303.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xc75 y3c60 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,573.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x4df y3c60 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7,303.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w37e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Off balance sheet<span class=\"_ _393\"> </span></div></td><td class=\"c n xc76 y3c40 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">112.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4bd y3c40 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc77 y3c40 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">112.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xc78 y3c40 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w37f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">IFRS 9 tr<span class=\"_ _1\"></span>ansitional relief<span class=\"_ _393\"> </span></div></td><td class=\"c n xc79 y3cb6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xc7a y3cb6 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x9c0 y3cb6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xc7b y3cb6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w380 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal cr<span class=\"_ _1\"></span>edit risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xc7c y3c97 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,685.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xc7d y3c97 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7,401.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xc7e y3c97 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7,685.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ca y3c97 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7,398.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w381 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Operational risk<span class=\"_ _393\"> </span></div></td><td class=\"c n x57b y3c61 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">928.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xc7f y3c61 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">848.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xc80 y3c61 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">928.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xc81 y3c61 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">848.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w382 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Mark<span class=\"_ _1\"></span>et risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xc82 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xc83 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa45 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xa46 y3c63 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w383 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n xc84 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xc85 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xc86 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c6 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w384 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal risk exposur<span class=\"_ _1\"></span>e amount (\u2018TRE\u2019)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc87 y3cb2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,630.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xc88 y3cb2 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,278.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x38e y3cb2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,630.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xc89 y3cb2 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8,276.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w385 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Solvency r<span class=\"_ _1\"></span>atios<span class=\"_ _393\"> </span></div></td><td class=\"c n x84b y3c62 w1b9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc8a y3c62 w386 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x225 y3c62 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xc8b y3c62 w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w387 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CET1<span class=\"_ _393\"> </span></div></td><td class=\"c n xc8c y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xc8d y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x239 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w388 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls17 ws11\">TRC<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f7 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x42f y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x399 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs6d6\">This table is not subject<span class=\"_ _1\"></span> to audit<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6d7\">The risk <span class=\"_ _1\"></span>weightings f<span class=\"_ _1\"></span>or cr<span class=\"_ _1\"></span>edit risk exposur<span class=\"_ _1\"></span>es are curr<span class=\"_ _1\"></span>ently<span class=\"_ _1\"></span> calculated using the Standar<span class=\"_ _1\"></span>dised <span class=\"_ _1\"></span>Approach (\u2018SA<span class=\"_ _0\"></span>\u2019). <span class=\"_ _1\"></span>The Basic Indicator<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6d8\">Approach is used <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> operational risk.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs6da\">Le<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e ratio<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws65 gs6db\">The table belo<span class=\"_ _1\"></span>w show<span class=\"_ _1\"></span>s the calculation of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s leverag<span class=\"_ _1\"></span>e ratio as defined in the PR<span class=\"_ _1\"></span>A Rulebook. <span class=\"_ _0\"></span>This rate is based on consolidated </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6dc\">balance sheet assets adjusted as sho<span class=\"_ _1\"></span>wn. The PR<span class=\"_ _1\"></span>A has se<span class=\"_ _1\"></span>t a minimum UK lev<span class=\"_ _1\"></span>erage r<span class=\"_ _1\"></span>atio of 3.25% <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> UK firms <span class=\"_ _1\"></span>with re<span class=\"_ _1\"></span>tail deposits of </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6dd\">over<span class=\"_ _0\"></span> \u00a350.0 billion, or<span class=\"_ _1\"></span> with significant o<span class=\"_ _1\"></span>verseas assets. In addition, in October<span class=\"_ _0\"></span> 2021 the PRA stat<span class=\"_ _1\"></span>ed its expectation that all other<span class=\"_ _0\"></span> UK </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6de\">firms, such as the Gr<span class=\"_ _1\"></span>oup, should manage <span class=\"_ _1\"></span>their le<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e risk so that <span class=\"_ _1\"></span>this ratio does not or<span class=\"_ _1\"></span>dinarily<span class=\"_ _1\"></span> fall below<span class=\"_ _1\"></span> 3.25%.<span class=\"_ _393\"> </span></div><div class=\"gs6df\"><table class=\"s w389 h124\" id=\"_da0f25fa-6c38-4aae-b38a-d19b74cf184d\"><tr><td></td><td></td><td></td><td class=\"c n x3b9 y3e01 w38a hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _de\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xc8e y3e01 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x409 y3c5a w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x40a y3c5a w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5b w38b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal balance sheet assets<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xc8f y3c5b w54 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,930.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xc90 y3c5b w55 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19,270.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c34 w38c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Add:<span class=\"_ _393\"> </span></div></td><td class=\"c n xc91 y3c34 w38d hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Credit fair v<span class=\"_ _1\"></span>alue adjustments on loans t<span class=\"_ _1\"></span>o customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xc92 y3c34 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n xc93 y3c34 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc94 y3c34 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">75.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xc95 y3e02 w38e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Debit fair value adjustments on r<span class=\"_ _1\"></span>etail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xc96 y3e02 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n xc97 y3e02 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xc98 y3e02 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d17 w38f hcd\" colspan=\"2\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Adjusted balance sheet asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc99 y3d17 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,935.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc9a y3d17 w55 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19,345.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cdc w390 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less:<span class=\"_ _393\"> </span></div></td><td class=\"c n xc9b y3cdc w391 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivative asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div></td><td class=\"c n xc9c y3cdc w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n xc9d y3cdc w1a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(275.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc9e y3cdc w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(391.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xc95 y3cdd w392 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xc9f y3cdd w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xca0 y3cdd w2b2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(2,175.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xca1 y3cdd w79 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(2,315.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xc95 y3c38 w393 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued interest on sover<span class=\"_ _1\"></span>eign exposur<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xca2 y3c38 w48 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(3.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n xca3 y3c38 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(3.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d35 w394 hc8\" colspan=\"2\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">On balance sheet items<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc99 y3d35 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,481.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xc9a y3d35 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,634.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb3 w390 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less:</div></td><td class=\"c n xc9b y3cb3 w5c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intangible assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3cb3 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n xca4 y3cb3 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(172.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n xca5 y3cb3 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(171.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xc95 y3c5d w395 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pension surplus<span class=\"_ _393\"> </span></div></td><td class=\"c n xca6 y3c5d w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">56<span class=\"_ _393\"> </span></div></td><td class=\"c n xca7 y3c5d w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(23.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xca8 y3c5d w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(22.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w396 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal on balance sheet e<span class=\"_ _1\"></span>xposures<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xca9 y3c5e w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,285.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xcaa y3c5e w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,440.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 w397 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Regulat<span class=\"_ _1\"></span>ory exposure f<span class=\"_ _1\"></span>or derivativ<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcab y3c96 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">109.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xcac y3c96 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">154.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w398 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal deriva<span class=\"_ _1\"></span>tive exposur<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcad y3c5f w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">109.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xcae y3c5f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">154.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w399 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Post of<span class=\"_ _1\"></span>fer pipeline a<span class=\"_ _1\"></span>t gross notional amount<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcaf y3c40 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,407.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb0 y3c40 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,210.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w39a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Adjustment to c<span class=\"_ _1\"></span>onvert t<span class=\"_ _1\"></span>o credit equivalen<span class=\"_ _1\"></span>t amounts<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcb1 y3cb6 w2b1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(1,151.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb2 y3cb6 w79 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(1,000.1)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w39b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Off balance sheet items<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcb3 y3c97 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">255.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb4 y3c97 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">210.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w39c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Tier 1 capital<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcb5 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,172.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb6 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,177.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w39d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal lever<span class=\"_ _1\"></span>age e<span class=\"_ _1\"></span>xposure bef<span class=\"_ _1\"></span>ore IFRS 9 relie<span class=\"_ _1\"></span>f<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcb7 y3cb2 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,651.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb8 y3cb2 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,805.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w39e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">IFRS 9 relie<span class=\"_ _1\"></span>f<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcb9 y3c98 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xcba y3c98 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w39f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal lever<span class=\"_ _1\"></span>age e<span class=\"_ _1\"></span>xposure<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcbb y3c62 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,651.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcbc y3c62 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,807.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3a0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">UK lever<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xcbd y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n xcbe y3c48 w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs6e0\">This table is not subject<span class=\"_ _1\"></span> to audit<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6e1\">The fully<span class=\"_ _1\"></span> loaded lev<span class=\"_ _1\"></span>erage ratio is calculat<span class=\"_ _1\"></span>ed as follo<span class=\"_ _1\"></span>ws<span class=\"_ _393\"> </span></div><div class=\"gs6e2\"><table class=\"s w3a1 hf6\" id=\"_758fc539-a6eb-47d1-9348-71297a6140ec\"><tr><td></td><td class=\"c n x407 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x408 y3c4f w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x409 y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x40a y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3a2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fully loaded tier 1 capital<span class=\"_ _393\"> </span></div></td><td class=\"c n xcbf y3c62 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,172.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc0 y3c62 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,175.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal lev<span class=\"_ _1\"></span>erage e<span class=\"_ _1\"></span>xposure bef<span class=\"_ _1\"></span>ore IFR<span class=\"_ _1\"></span>S 9 relief<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc1 y3c65 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,651.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc2 y3c65 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,805.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3a4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fully loaded UK lever<span class=\"_ _1\"></span>age ra<span class=\"_ _1\"></span>tio<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc3 y3c48 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc4 y3c48 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.0%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs6e3\">This table is not subject<span class=\"_ _1\"></span> to audit.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6e4\">The Group calculat<span class=\"_ _1\"></span>es regulatory<span class=\"_ _1\"></span> exposur<span class=\"_ _1\"></span>e on derivatives using <span class=\"_ _1\"></span>the Standar<span class=\"_ _1\"></span>dised Appr<span class=\"_ _1\"></span>oach f<span class=\"_ _1\"></span>or Counterparty<span class=\"_ _1\"></span> Credit<span class=\"_ _1\"></span> Risk (\u2018SA<span class=\"_ _1\"></span>-CCR\u2019), </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6e5\">which includes elements based on the mark<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> derivativ<span class=\"_ _1\"></span>e assets adjusted f<span class=\"_ _1\"></span>or collater<span class=\"_ _1\"></span>al, amongst other<span class=\"_ _1\"></span> things, and based on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6e6\">potential futur<span class=\"_ _1\"></span>e exposur<span class=\"_ _1\"></span>e in respect o<span class=\"_ _1\"></span>f all deriv<span class=\"_ _1\"></span>atives held.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6e7\">The UK le<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e ratio is prescribed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> and differs <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the lever<span class=\"_ _1\"></span>age ratio defined b<span class=\"_ _1\"></span>y Basel due <span class=\"_ _1\"></span>to the e<span class=\"_ _1\"></span>xclusion of<span class=\"_ _1\"></span> central </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6e8\">bank balances fr<span class=\"_ _1\"></span>om exposur<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs6ea\">Capital requirements in subsidiary<span class=\"_ _1\"></span> entities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6eb\">The regulat<span class=\"_ _1\"></span>ory capital disclosur<span class=\"_ _1\"></span>es in these <span class=\"_ _1\"></span>financial statements relate only<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o the consolidated position <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. Individual </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6ec\">entities within <span class=\"_ _1\"></span>the Group ar<span class=\"_ _1\"></span>e also subject to supervision on a standalone basis. <span class=\"_ _0\"></span>All such entities complied with the r<span class=\"_ _1\"></span>equirements <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gs6ed\">which they<span class=\"_ _1\"></span> wer<span class=\"_ _1\"></span>e subject during the year<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs6ee\">(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Return on tangible equity<span class=\"_ _1\"></span> (\u2018Ro<span class=\"_ _e\"></span>TE\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6ef\">Ro<span class=\"_ _e\"></span>TE is a measure of an entity\u2019<span class=\"_ _0\"></span>s pro<span class=\"_ _1\"></span>fitability used b<span class=\"_ _1\"></span>y inv<span class=\"_ _1\"></span>estors. R<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>TE is defined b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group b<span class=\"_ _1\"></span>y comparing <span class=\"_ _1\"></span>the profit aft<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>tax for<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6f0\">year<span class=\"_ _0\"></span>, adjusted for<span class=\"_ _1\"></span> amortisation charged on intangible assets, <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>the averag<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the opening and closing equity<span class=\"_ _1\"></span> positions, excluding </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6f1\">intangible assets and goodwill.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6f2\">It effectiv<span class=\"_ _1\"></span>ely r<span class=\"_ _1\"></span>eflects a re<span class=\"_ _1\"></span>turn on equity as if<span class=\"_ _1\"></span> all intangible assets are eliminat<span class=\"_ _1\"></span>ed immediately ag<span class=\"_ _1\"></span>ainst reserv<span class=\"_ _1\"></span>es. As <span class=\"_ _1\"></span>this is similar <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6f3\">approach used <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the capital of<span class=\"_ _1\"></span> financial institutions it is <span class=\"_ _1\"></span>widely used in <span class=\"_ _1\"></span>the sector<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6f4\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s consolidated Ro<span class=\"_ _e\"></span>TE for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025 is derived as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span></div><div class=\"gs6f5\"><table class=\"s w3a5 h100\" id=\"_8327ddbc-b3c3-49aa-8e5c-f23f1fb08095\"><tr><td></td><td></td><td class=\"c n x24e y3c3a w38a hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _de\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xcc5 y3c3a w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcc6 y3c5d w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc7 y3c5d w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w3a6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Profit f<span class=\"_ _1\"></span>or the year after t<span class=\"_ _1\"></span>ax<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xc2e y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">180.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb4 y3c5e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">186.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w3a7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amortisation and derecognition of in<span class=\"_ _1\"></span>tangible assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc8 y3c3c w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc9 y3c3c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcca y3c3c w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w3a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Adjusted pr<span class=\"_ _1\"></span>ofit<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xccb y3c3d w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">182.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xccc y3c3d w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">187.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c40 w3a9 h125\"><div class=\"t m0 x19e h4e y3c6a ff49 fs4 fc1 sc0 ls0 ws0\">Divided by<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Opening equity<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xccd y3c40 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,419.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xcce y3c40 w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,410.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w3aa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Opening intangible assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fd y3c41 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n xca4 y3c41 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(171.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xca5 y3c41 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(168.2)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w3ab hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Opening tangible equity<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xccf y3c42 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,248.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcd0 y3c42 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,242.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w3ac hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Closing equity<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xcd1 y3c63 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,420.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xcd2 y3c63 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,419.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3ad hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Closing intangible assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xcd3 y3c4e w76 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">28<span class=\"_ _393\"> </span></div></td><td class=\"c n xcd4 y3c4e w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(172.1)<span class=\"_ _393\"> </span></div></td><td class=\"c n xcd5 y3c4e w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(171.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w3ae hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Closing tangible equity<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xcd6 y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,248.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xcd7 y3c4f w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,248.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3af hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aver<span class=\"_ _1\"></span>age t<span class=\"_ _1\"></span>angible equity<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xcd8 y3c62 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,248.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xcd9 y3c62 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,245.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3b0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Return on T<span class=\"_ _0\"></span>angible E<span class=\"_ _1\"></span>quity<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xcda y3c48 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.6%<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdb y3c48 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.0%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h4 ff6 fs2 fc1 sc0 ls0 ws0 gs6f6\">This table is not subject<span class=\"_ _1\"></span> to audit<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs6f7\">(c<span class=\"_ _0\"></span>)  <span class=\"_ _b2\"> </span>Dividend and distribution policy<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6f8\">The Company<span class=\"_ _1\"></span> is committed to a long<span class=\"_ _1\"></span>-term sustainable dividend polic<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. Ordinarily<span class=\"_ _0\"></span>, dividends will increase in line <span class=\"_ _1\"></span>with earnings, subject </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6f9\">to the r<span class=\"_ _1\"></span>equirements o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the business and the av<span class=\"_ _1\"></span>ailability o<span class=\"_ _1\"></span>f cash r<span class=\"_ _1\"></span>esources. <span class=\"_ _1\"></span>The Boar<span class=\"_ _1\"></span>d re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>s the policy<span class=\"_ _1\"></span> at least <span class=\"_ _1\"></span>twice a y<span class=\"_ _1\"></span>ear in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6fa\">advance of<span class=\"_ _1\"></span> announcing its r<span class=\"_ _1\"></span>esults, taking into account <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s strategy<span class=\"_ _0\"></span>, capital requirements, principal risks and <span class=\"_ _1\"></span>the objective of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws49 gs6fb\">enhancing shareholder v<span class=\"_ _1\"></span>alue.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6fc\">In determining the le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f dividend f<span class=\"_ _1\"></span>or an<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the Boar<span class=\"_ _1\"></span>d expects to <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span> the dividend polic<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, but will also <span class=\"_ _1\"></span>take int<span class=\"_ _1\"></span>o account the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6fd\">lev<span class=\"_ _1\"></span>el of a<span class=\"_ _1\"></span>vailable r<span class=\"_ _1\"></span>etained earnings in the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, its cash resour<span class=\"_ _1\"></span>ces and the cash and capital r<span class=\"_ _1\"></span>equirements inher<span class=\"_ _0\"></span>ent in its business </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6fe\">plans. In addition to <span class=\"_ _1\"></span>the payment of<span class=\"_ _1\"></span> dividends, the Boar<span class=\"_ _1\"></span>d may<span class=\"_ _1\"></span> also consider <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> it is appropriate <span class=\"_ _1\"></span>to apply<span class=\"_ _1\"></span> excess capital in <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs6ff\">market pur<span class=\"_ _0\"></span>chase of the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s shares.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs700\">The distributable reserv<span class=\"_ _1\"></span>es of<span class=\"_ _1\"></span> the Company<span class=\"_ _1\"></span> comprise its pr<span class=\"_ _1\"></span>ofit and loss account balance (no<span class=\"_ _1\"></span>te 42) and, other<span class=\"_ _1\"></span> than the r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs701\">requir<span class=\"_ _1\"></span>ement t<span class=\"_ _1\"></span>o retain an appr<span class=\"_ _1\"></span>opriate lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> capital in Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C, ther<span class=\"_ _1\"></span>e are no r<span class=\"_ _0\"></span>estrictions preventing pr<span class=\"_ _1\"></span>ofits else<span class=\"_ _1\"></span>where in <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs702\">Group <span class=\"_ _1\"></span>from being distributed <span class=\"_ _1\"></span>to the par<span class=\"_ _1\"></span>ent.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs703\">Since the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2018, the Company<span class=\"_ _1\"></span> has adopted a polic<span class=\"_ _1\"></span>y of<span class=\"_ _0\"></span> paying out approximately<span class=\"_ _0\"></span> 40% of its basic earnings </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs704\">per shar<span class=\"_ _1\"></span>e as dividend (a dividend co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> ratio of<span class=\"_ _1\"></span> around 2.5 <span class=\"_ _1\"></span>times), in <span class=\"_ _1\"></span>the absence of<span class=\"_ _1\"></span> any idios<span class=\"_ _1\"></span>yncratic f<span class=\"_ _1\"></span>actors which might mak<span class=\"_ _0\"></span>e such a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs705\">dividend inappropriate. <span class=\"_ _0\"></span>This policy is r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed by<span class=\"_ _1\"></span> the Boar<span class=\"_ _1\"></span>d at least annually<span class=\"_ _0\"></span>. The Company<span class=\"_ _1\"></span> considers it has access <span class=\"_ _1\"></span>to sufficient cash </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs706\">resour<span class=\"_ _1\"></span>ces to pa<span class=\"_ _1\"></span>y dividends at <span class=\"_ _1\"></span>this lev<span class=\"_ _1\"></span>el and that its distributable r<span class=\"_ _1\"></span>eserves ar<span class=\"_ _1\"></span>e abundant f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>this purpose.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs707\">T<span class=\"_ _0\"></span>o pr<span class=\"_ _1\"></span>ovide gr<span class=\"_ _1\"></span>eater <span class=\"_ _1\"></span>transpar<span class=\"_ _1\"></span>ency<span class=\"_ _0\"></span>, the Board also adopted a polic<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> paying an interim dividend in each <span class=\"_ _0\"></span>year equivalent <span class=\"_ _1\"></span>to half<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs708\">preceding <span class=\"_ _1\"></span>final dividend in the absence of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> factors <span class=\"_ _1\"></span>which might mak<span class=\"_ _1\"></span>e such a distribution inappropriate. F<span class=\"_ _0\"></span>or <span class=\"_ _1\"></span>the current <span class=\"_ _0\"></span>year<span class=\"_ _1\"></span>, based </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs709\">on its re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s capital position and for<span class=\"_ _1\"></span>ecasts, the Boar<span class=\"_ _1\"></span>d determined <span class=\"_ _1\"></span>that an interim dividend in line with <span class=\"_ _1\"></span>this policy<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs70a\">appropriate. It <span class=\"_ _1\"></span>ther<span class=\"_ _1\"></span>efore declar<span class=\"_ _0\"></span>ed an interim dividend for <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear o<span class=\"_ _1\"></span>f 13.<span class=\"_ _1\"></span>6p per shar<span class=\"_ _1\"></span>e (2024: 13.2p per<span class=\"_ _1\"></span> share<span class=\"_ _1\"></span>). T<span class=\"_ _1\"></span>he Board also confirmed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs70b\">that the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s normal approach of pa<span class=\"_ _1\"></span>ying an interim dividend of<span class=\"_ _1\"></span> 50% of <span class=\"_ _1\"></span>the pr<span class=\"_ _1\"></span>eceding year\u2019<span class=\"_ _0\"></span>s final dividend <span class=\"_ _1\"></span>would continue <span class=\"_ _1\"></span>to apply </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws13 gs70c\">in future year<span class=\"_ _1\"></span>s.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs70e\">The appropriat<span class=\"_ _1\"></span>e level o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>final dividend for<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as considered b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Board in light of<span class=\"_ _0\"></span> economic and regulatory </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs70f\">dev<span class=\"_ _1\"></span>elopments in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, and the v<span class=\"_ _1\"></span>arious potential paths <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the UK econom<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. In particular <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision in the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s loan </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs710\">portfolios and the po<span class=\"_ _1\"></span>tential for<span class=\"_ _0\"></span> further pro<span class=\"_ _1\"></span>vision under str<span class=\"_ _0\"></span>ess in the event o<span class=\"_ _1\"></span>f a <span class=\"_ _1\"></span>worsening UK economic position <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e considered b<span class=\"_ _1\"></span>y </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs711\">the Board. <span class=\"_ _1\"></span>These <span class=\"_ _1\"></span>were compar<span class=\"_ _0\"></span>ed to the regulat<span class=\"_ _1\"></span>ory capital position at <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear end along <span class=\"_ _1\"></span>with the capital impacts o<span class=\"_ _1\"></span>f str<span class=\"_ _1\"></span>ess testing </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs712\">carried out as part of<span class=\"_ _1\"></span> the ICAAP<span class=\"_ _1\"></span> and f<span class=\"_ _1\"></span>orecasting pr<span class=\"_ _1\"></span>ocesses, and the pot<span class=\"_ _1\"></span>ential impacts of ong<span class=\"_ _1\"></span>oing dev<span class=\"_ _1\"></span>elopments in the r<span class=\"_ _1\"></span>egulatory </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs713\">regime <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> capital including the intr<span class=\"_ _1\"></span>oduction in the UK o<span class=\"_ _1\"></span>f Basel 3.<span class=\"_ _0\"></span>1. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs714\">The Board particularly<span class=\"_ _1\"></span> consider<span class=\"_ _1\"></span>ed the appr<span class=\"_ _1\"></span>opriateness of including ne<span class=\"_ _1\"></span>t losses relating <span class=\"_ _1\"></span>to fair<span class=\"_ _0\"></span> value adjustments fr<span class=\"_ _1\"></span>om hedging in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs715\">calculation of an<span class=\"_ _1\"></span>y dividend or<span class=\"_ _1\"></span> distribution, as these primarily<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>esult fr<span class=\"_ _1\"></span>om the r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>ersal of g<span class=\"_ _1\"></span>ains recor<span class=\"_ _1\"></span>ded in earlier <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span>s which w<span class=\"_ _1\"></span>ere </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs716\">disregar<span class=\"_ _1\"></span>ded, at <span class=\"_ _1\"></span>the time, f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the purpose of<span class=\"_ _1\"></span> determining dividends. Given <span class=\"_ _1\"></span>the size of<span class=\"_ _1\"></span> such adjustments in the period, <span class=\"_ _1\"></span>the Board </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs717\">concluded that <span class=\"_ _1\"></span>their inclusion <span class=\"_ _1\"></span>was not<span class=\"_ _1\"></span> consistent with its o<span class=\"_ _1\"></span>verar<span class=\"_ _1\"></span>ching aim of<span class=\"_ _1\"></span> delivering a sustainable dividend <span class=\"_ _1\"></span>which grow<span class=\"_ _1\"></span>s with <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs718\">earnings of <span class=\"_ _1\"></span>the business. <span class=\"_ _1\"></span>This is in line with <span class=\"_ _1\"></span>the approach adop<span class=\"_ _1\"></span>ted in pre<span class=\"_ _1\"></span>vious y<span class=\"_ _1\"></span>ears.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs719\">F<span class=\"_ _0\"></span>or the curr<span class=\"_ _1\"></span>ent y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>the Board consider<span class=\"_ _1\"></span>ed the char<span class=\"_ _1\"></span>ge made f<span class=\"_ _1\"></span>or historical mot<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>finance commission liabilities, in conjunction with <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs71a\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s current and <span class=\"_ _1\"></span>forecast<span class=\"_ _1\"></span> capital positions and concluded that <span class=\"_ _1\"></span>the current <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> impact of<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>ovision could be disr<span class=\"_ _1\"></span>egar<span class=\"_ _1\"></span>ded for<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs71b\">the purpose of de<span class=\"_ _1\"></span>termining the dividend <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. This appr<span class=\"_ _1\"></span>oach maintains an appropriate r<span class=\"_ _1\"></span>eturn <span class=\"_ _1\"></span>to shareholders on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs71c\">activities in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, while also being affor<span class=\"_ _1\"></span>dable in terms o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s capital management strategy<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs71d\">On the basis of<span class=\"_ _1\"></span> this analy<span class=\"_ _1\"></span>sis the Boar<span class=\"_ _1\"></span>d concluded that a <span class=\"_ _1\"></span>total dividend of<span class=\"_ _1\"></span> around 40% o<span class=\"_ _1\"></span>f earnings ex<span class=\"_ _1\"></span>cluding fair<span class=\"_ _0\"></span> value items could </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs71e\">be paid.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs71f\">The Board <span class=\"_ _1\"></span>will ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e propose a <span class=\"_ _1\"></span>final dividend for<span class=\"_ _0\"></span> the year<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> 30.3p per<span class=\"_ _1\"></span> shar<span class=\"_ _1\"></span>e (2024: 27<span class=\"_ _0\"></span>.2p per shar<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>) for<span class=\"_ _1\"></span> appro<span class=\"_ _1\"></span>val at <span class=\"_ _1\"></span>the 2026 <span class=\"_ _1\"></span>AGM, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs720\">making a total dividend <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> 43.9p per<span class=\"_ _1\"></span> share (2024: 40<span class=\"_ _1\"></span>.4p per<span class=\"_ _1\"></span> share<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs721\">In the pr<span class=\"_ _1\"></span>eceding financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, ended 30 September 202<span class=\"_ _1\"></span>4, a shar<span class=\"_ _1\"></span>e buy-back pr<span class=\"_ _1\"></span>ogramme of<span class=\"_ _1\"></span> up to \u00a3100<span class=\"_ _1\"></span>.0m had been authorised. <span class=\"_ _0\"></span>At the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs722\">end of <span class=\"_ _1\"></span>the period \u00a376.<span class=\"_ _1\"></span>6m had been expended, with <span class=\"_ _1\"></span>the remainder<span class=\"_ _1\"></span> completed in <span class=\"_ _1\"></span>the current <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs723\">A shar<span class=\"_ _1\"></span>e buy-back<span class=\"_ _1\"></span> programme <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, for<span class=\"_ _1\"></span> up to \u00a350<span class=\"_ _1\"></span>.0m o<span class=\"_ _1\"></span>f or<span class=\"_ _1\"></span>dinary shar<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>as authorised at the <span class=\"_ _1\"></span>time of<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs724\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s 2024 results announcement. <span class=\"_ _1\"></span>This <span class=\"_ _1\"></span>was extended <span class=\"_ _1\"></span>to \u00a3100.<span class=\"_ _0\"></span>0m in June 2025. T<span class=\"_ _1\"></span>his amount w<span class=\"_ _1\"></span>as fully<span class=\"_ _1\"></span> utilised during the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs725\">The to<span class=\"_ _1\"></span>tal amount expended in the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span> under these pr<span class=\"_ _1\"></span>ogrammes w<span class=\"_ _1\"></span>as \u00a3124.<span class=\"_ _1\"></span>7m (2024: \u00a376.6m<span class=\"_ _1\"></span>) (not<span class=\"_ _1\"></span>e 25).<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs726\">As part of<span class=\"_ _1\"></span> its consideration of<span class=\"_ _1\"></span> capital described above <span class=\"_ _1\"></span>the Board o<span class=\"_ _1\"></span>f Dir<span class=\"_ _1\"></span>ectors authorised a new<span class=\"_ _1\"></span> share buy<span class=\"_ _1\"></span>-back of<span class=\"_ _1\"></span> up to \u00a350<span class=\"_ _1\"></span>.0m <span class=\"_ _1\"></span>to </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs727\">commence shortly after<span class=\"_ _0\"></span> the announcement of <span class=\"_ _1\"></span>the 2025 results. <span class=\"_ _1\"></span>All shar<span class=\"_ _1\"></span>es acquired in buy-back<span class=\"_ _1\"></span> programmes ar<span class=\"_ _1\"></span>e initially<span class=\"_ _1\"></span> held </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws17 gs728\">in treasury<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs729\">The direct<span class=\"_ _1\"></span>ors have consider<span class=\"_ _1\"></span>ed the distributable r<span class=\"_ _1\"></span>esour<span class=\"_ _1\"></span>ces of <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> and concluded that <span class=\"_ _1\"></span>these distributions are appr<span class=\"_ _1\"></span>opriate.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs72a\">The most r<span class=\"_ _1\"></span>ecent policy<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _0\"></span>, in November 2025, also confirmed <span class=\"_ _1\"></span>the existing dividend policy<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>ould continue to apply<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>future </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs72b\">periods, subject to <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e events, and <span class=\"_ _1\"></span>the Board <span class=\"_ _1\"></span>will consider<span class=\"_ _1\"></span> the appr<span class=\"_ _1\"></span>opriateness and scale of an<span class=\"_ _1\"></span>y interim dividend </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs72c\">in the context<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s results and <span class=\"_ _1\"></span>the operating and economic envir<span class=\"_ _1\"></span>onment at the <span class=\"_ _1\"></span>time. Share buy<span class=\"_ _1\"></span>-backs will be consider<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs72d\">where ex<span class=\"_ _1\"></span>cess capital has arisen, either<span class=\"_ _1\"></span> operationally or<span class=\"_ _1\"></span> as a r<span class=\"_ _1\"></span>esult of chang<span class=\"_ _1\"></span>ed regulatory<span class=\"_ _0\"></span> requirements.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-379": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs72f\">58. <span class=\"_ _33\"></span>Financial risk management<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs730\">The principal risks arising fr<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s exposure t<span class=\"_ _1\"></span>o financial instruments ar<span class=\"_ _1\"></span>e credit risk, liquidity<span class=\"_ _1\"></span> risk and mark<span class=\"_ _1\"></span>et risk (particularly<span class=\"_ _1\"></span> </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs731\">interest r<span class=\"_ _1\"></span>ate risk and a limited amount o<span class=\"_ _1\"></span>f curr<span class=\"_ _1\"></span>ency<span class=\"_ _1\"></span> risk). The natur<span class=\"_ _0\"></span>e and extent of <span class=\"_ _1\"></span>these risks are discussed in not<span class=\"_ _1\"></span>es 59 to 61 r<span class=\"_ _1\"></span>espectively<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs732\">The Board has a Risk<span class=\"_ _1\"></span> and Compliance Committee, consisting of<span class=\"_ _1\"></span> the Chair<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Board and <span class=\"_ _1\"></span>the non-ex<span class=\"_ _1\"></span>ecutive direct<span class=\"_ _1\"></span>ors, which is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs733\">responsible <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> providing o<span class=\"_ _1\"></span>versight<span class=\"_ _1\"></span> and challenge to <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s risk management arr<span class=\"_ _1\"></span>angements. Executiv<span class=\"_ _1\"></span>e responsibility<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs734\">over<span class=\"_ _1\"></span>sight and operation of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s risk management frame<span class=\"_ _1\"></span>work is deleg<span class=\"_ _1\"></span>ated to <span class=\"_ _1\"></span>the ERC. ERC discharges its duties <span class=\"_ _1\"></span>through a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs735\">number o<span class=\"_ _1\"></span>f sub-committees and escalates issues o<span class=\"_ _1\"></span>f concern <span class=\"_ _1\"></span>to the Risk and Compliance Committ<span class=\"_ _1\"></span>ee wher<span class=\"_ _1\"></span>e appropriate.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs736\">The Credit<span class=\"_ _1\"></span> Committee and AL<span class=\"_ _0\"></span>CO are sub-committees of<span class=\"_ _1\"></span> the ERC <span class=\"_ _1\"></span>which monitor<span class=\"_ _1\"></span> performance against <span class=\"_ _1\"></span>the risk appetites set b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs737\">Board and mak<span class=\"_ _1\"></span>e recommendations <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> changes in risk appetite <span class=\"_ _1\"></span>where appr<span class=\"_ _1\"></span>opriate. <span class=\"_ _1\"></span>They<span class=\"_ _0\"></span> also review<span class=\"_ _1\"></span> and, wher<span class=\"_ _1\"></span>e authorised t<span class=\"_ _1\"></span>o do so, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs738\">agree or<span class=\"_ _1\"></span> amend policies f<span class=\"_ _1\"></span>or managing each of<span class=\"_ _1\"></span> these risk<span class=\"_ _1\"></span>s, which ar<span class=\"_ _1\"></span>e summarised in the r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant note. <span class=\"_ _1\"></span>The Corporate Go<span class=\"_ _1\"></span>vernance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs739\">Statement in Section B3 (<span class=\"_ _1\"></span>which is not subject <span class=\"_ _1\"></span>to audit) pro<span class=\"_ _1\"></span>vides further<span class=\"_ _1\"></span> detail on the operations o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these committees. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs73a\">The financial risk manag<span class=\"_ _1\"></span>ement policies hav<span class=\"_ _1\"></span>e remained unchanged <span class=\"_ _1\"></span>throughout<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> and since the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end. T<span class=\"_ _1\"></span>he position discussed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs73b\">in notes 59 t<span class=\"_ _1\"></span>o 61 is materially similar<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o that existing <span class=\"_ _1\"></span>throughout <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs73d\">59<span class=\"_ _1\"></span>. <span class=\"_ _29\"></span>Credit risk<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs73e\">The assets of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Compan<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>which are subject <span class=\"_ _1\"></span>to credit<span class=\"_ _1\"></span> risk are set<span class=\"_ _1\"></span> out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs63\"><table class=\"s w3b1 h119\" id=\"_76d01cf0-55fa-40a5-9392-5689a7e30927\"><tr><td></td><td></td><td></td><td class=\"c n x950 y3c5e w25b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></div></td><td class=\"c n x951 y3c5e w25c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xc41 y3c3c w3b hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _393\"> </span></div></td><td class=\"c n xc42 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc43 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc44 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc45 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x31a y3c96 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c96 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x956 y3c96 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c96 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e03 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets at amortised cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c60 w53 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdc y3c60 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdd y3c60 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xcde y3c60 w5f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x868 y3c60 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdf y3c60 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w21c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade receivables<span class=\"_ _393\"> </span></div></td><td class=\"c n xce0 y3c40 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n x72a y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xce1 y3c40 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x500 y3c40 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xce2 y3c40 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w3b2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA Assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xce3 y3c41 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xce4 y3c41 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c3 y3c41 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x64a y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x64b y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w3b3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup cash deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xce5 y3c97 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xce6 y3c97 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xce7 y3c97 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xce8 y3c97 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xce9 y3c97 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3b4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by Gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xcea y3c61 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xceb y3c61 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xcec y3c61 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x783 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a6 y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n xcee y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xcef y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf0 y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf1 y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2b0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c4e w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf3 y3c4e w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf4 y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c4e w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x239 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w21b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf5 y3c4f w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf6 y3c4f w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf7 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf8 y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf9 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c98 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,371.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c98 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,670.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfc y3c98 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfd y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e04 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c65 w56 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfe y3c65 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n xa44 y3c65 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xcff y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd00 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xd01 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Maximum exposur<span class=\"_ _1\"></span>e to credit risk<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xd02 y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,647.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x38a y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19,062.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd03 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd04 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs73f\">All financial assets at amortised cost ar<span class=\"_ _1\"></span>e subject <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>equirements o<span class=\"_ _1\"></span>f IFRS 9 relating <span class=\"_ _1\"></span>to impairment.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs740\">F<span class=\"_ _1\"></span>urther inf<span class=\"_ _1\"></span>ormation on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s exposure to cr<span class=\"_ _1\"></span>edit risk b<span class=\"_ _1\"></span>y asset <span class=\"_ _1\"></span>type, including the cr<span class=\"_ _1\"></span>edit quality<span class=\"_ _1\"></span> of asse<span class=\"_ _1\"></span>ts and any po<span class=\"_ _1\"></span>tential </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs741\">concentrations of<span class=\"_ _1\"></span> credit risk, is se<span class=\"_ _1\"></span>t out below<span class=\"_ _1\"></span> for:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gs742\">\u2022 <span class=\"_ _6\"> </span>Loans to customers<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs743\">\u2022 <span class=\"_ _6\"> </span>Inv<span class=\"_ _1\"></span>estment securities </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs744\">\u2022 <span class=\"_ _6\"> </span>Cash balances (including CSA<span class=\"_ _1\"></span> assets and accrued inter<span class=\"_ _1\"></span>est)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs745\">\u2022 <span class=\"_ _6\"> </span>T<span class=\"_ _0\"></span>rade r<span class=\"_ _0\"></span>eceivables<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws1b gs746\">\u2022 <span class=\"_ _6\"> </span>Derivative financial assets<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws92 gs747\">Loans to customers<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs748\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s credit risk<span class=\"_ _1\"></span> is primarily attributable <span class=\"_ _1\"></span>to its loans to cust<span class=\"_ _1\"></span>omers and its business objectives r<span class=\"_ _1\"></span>ely on maintaining a high-quality<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs749\">customer base and place str<span class=\"_ _1\"></span>ong emphasis on prudent cr<span class=\"_ _1\"></span>edit management, both at <span class=\"_ _1\"></span>the time o<span class=\"_ _1\"></span>f acquiring or<span class=\"_ _1\"></span> underwriting a new<span class=\"_ _1\"></span> loan, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs74a\">where r<span class=\"_ _1\"></span>obust lending criteria ar<span class=\"_ _1\"></span>e applied, and thr<span class=\"_ _1\"></span>oughout the loan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s life.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs74b\">Primary r<span class=\"_ _1\"></span>esponsibility <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the management<span class=\"_ _1\"></span> of cr<span class=\"_ _1\"></span>edit risk r<span class=\"_ _1\"></span>elating to lending activities acr<span class=\"_ _1\"></span>oss the Gr<span class=\"_ _1\"></span>oup lies with <span class=\"_ _1\"></span>the Credit<span class=\"_ _1\"></span> Committee. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs74c\">The Credit<span class=\"_ _1\"></span> Committee, which r<span class=\"_ _1\"></span>eports to <span class=\"_ _1\"></span>the ERC, is made up of<span class=\"_ _1\"></span> senior<span class=\"_ _1\"></span> employees, dr<span class=\"_ _1\"></span>awn fr<span class=\"_ _1\"></span>om financial and risk <span class=\"_ _1\"></span>functions independent </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs74d\">of <span class=\"_ _1\"></span>the underwriting process. It<span class=\"_ _1\"></span> is chaired b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Credit Risk<span class=\"_ _1\"></span> Director<span class=\"_ _0\"></span>. Its ke<span class=\"_ _1\"></span>y r<span class=\"_ _1\"></span>esponsibilities include setting and re<span class=\"_ _1\"></span>viewing cr<span class=\"_ _1\"></span>edit policy<span class=\"_ _0\"></span>, </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs74e\">controlling applicant quality<span class=\"_ _0\"></span>, tracking account perf<span class=\"_ _1\"></span>ormance against tar<span class=\"_ _1\"></span>gets, agr<span class=\"_ _1\"></span>eeing product criteria and lending guidelines and </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs74f\">monitoring performance and <span class=\"_ _1\"></span>trends.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs750\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s underwriting philosophy<span class=\"_ _1\"></span> is based on sophisticated individual credit assessment<span class=\"_ _1\"></span> supported by<span class=\"_ _1\"></span> the automated e<span class=\"_ _1\"></span>fficiencies </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs751\">of statistically<span class=\"_ _0\"></span> based evaluation models. Information on each applicant is combined <span class=\"_ _1\"></span>with data tak<span class=\"_ _1\"></span>en fr<span class=\"_ _1\"></span>om credit r<span class=\"_ _1\"></span>efer<span class=\"_ _1\"></span>ence agencies </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs752\">and other e<span class=\"_ _1\"></span>xternal sources <span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>ovide a complete cr<span class=\"_ _1\"></span>edit picture o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the applicant and the borr<span class=\"_ _1\"></span>owing r<span class=\"_ _1\"></span>equested. Ke<span class=\"_ _1\"></span>y inf<span class=\"_ _1\"></span>ormation </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs753\">is v<span class=\"_ _1\"></span>alidated thr<span class=\"_ _1\"></span>ough a combination of<span class=\"_ _1\"></span> documentation and statistical data which collectiv<span class=\"_ _1\"></span>ely pr<span class=\"_ _1\"></span>ovides e<span class=\"_ _1\"></span>vidence of <span class=\"_ _1\"></span>the applicant\u2019<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs754\">ability and <span class=\"_ _1\"></span>willingness to pa<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the amount contracted under<span class=\"_ _1\"></span> the loan agr<span class=\"_ _1\"></span>eement. Similarly<span class=\"_ _0\"></span>, where assets f<span class=\"_ _1\"></span>orm part of<span class=\"_ _1\"></span> the security<span class=\"_ _1\"></span> to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs755\">support the loan, r<span class=\"_ _1\"></span>obust asset <span class=\"_ _1\"></span>valuation pr<span class=\"_ _1\"></span>ocesses ensure appr<span class=\"_ _1\"></span>opriate risk mitigation is in place. E<span class=\"_ _0\"></span>ven so, in assessing credit risk, an </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs756\">applicant\u2019<span class=\"_ _0\"></span>s ability and propensity<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>epay<span class=\"_ _1\"></span> the loan r<span class=\"_ _1\"></span>emain the principal <span class=\"_ _1\"></span>factors in <span class=\"_ _1\"></span>the decision to lend, e<span class=\"_ _1\"></span>ven <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>would </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs757\">have security<span class=\"_ _1\"></span> on the pr<span class=\"_ _1\"></span>oposed loan.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs758\">In considering whether<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o acquire pools of<span class=\"_ _1\"></span> loan assets, the Gr<span class=\"_ _1\"></span>oup will undertak<span class=\"_ _0\"></span>e a due diligence exercise on <span class=\"_ _1\"></span>the underlying loan </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs759\">accounts. Such assets are g<span class=\"_ _1\"></span>enerally no<span class=\"_ _1\"></span>t fully<span class=\"_ _1\"></span> performing and ar<span class=\"_ _1\"></span>e offer<span class=\"_ _1\"></span>ed at a discount t<span class=\"_ _1\"></span>o their<span class=\"_ _1\"></span> current balance. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs75a\">procedur<span class=\"_ _1\"></span>es may<span class=\"_ _1\"></span> include inspection of original loan documents, <span class=\"_ _0\"></span>verification of security<span class=\"_ _1\"></span> and the examination of<span class=\"_ _0\"></span> the credit status </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs75b\">of borr<span class=\"_ _0\"></span>owers. Current and historic cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span> data will also be examined. <span class=\"_ _1\"></span>The objectiv<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the ex<span class=\"_ _1\"></span>ercise is <span class=\"_ _1\"></span>to establish, to a le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs75c\">confidence similar <span class=\"_ _1\"></span>to that pr<span class=\"_ _0\"></span>ovided by <span class=\"_ _1\"></span>the underwriting process, <span class=\"_ _1\"></span>that the assets <span class=\"_ _1\"></span>will generat<span class=\"_ _1\"></span>e sufficient cash flow<span class=\"_ _1\"></span>s to r<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs75d\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment and g<span class=\"_ _1\"></span>enerate an appr<span class=\"_ _1\"></span>opriate return <span class=\"_ _1\"></span>without exposing <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>to material operational or<span class=\"_ _1\"></span> conduct risks.<span class=\"_ _393\"> </span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs75f\">This section sets out information r<span class=\"_ _1\"></span>ele<span class=\"_ _1\"></span>vant <span class=\"_ _1\"></span>to assessing the cr<span class=\"_ _1\"></span>edit risk inher<span class=\"_ _1\"></span>ent in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loans to customers balance. It is set out </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gs760\">in the following subsections:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs761\">\u2022 <span class=\"_ _6\"> </span>T<span class=\"_ _0\"></span>ypes of<span class=\"_ _1\"></span> lending and relat<span class=\"_ _1\"></span>ed security<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs762\">\u2022 <span class=\"_ _6\"> </span>Over<span class=\"_ _1\"></span>all credit gr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs763\">\u2022 <span class=\"_ _6\"> </span>Credit<span class=\"_ _1\"></span> characteristics of<span class=\"_ _1\"></span> particular portf<span class=\"_ _1\"></span>olios<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs764\">\u2022 <span class=\"_ _6\"> </span>Arrear<span class=\"_ _1\"></span>s performance<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs765\">\u2022 <span class=\"_ _6\"> </span>Acquir<span class=\"_ _1\"></span>ed assets<span class=\"_ _393\"> </span></div><div class=\"t m0 h7f ff6c fs4 fc1 sc0 ls0 ws0 gs766\">T<span class=\"_ _0\"></span>ypes of lending<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs767\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s balance sheet loan assets at 30 Sept<span class=\"_ _1\"></span>ember 2025 ar<span class=\"_ _1\"></span>e analysed as <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span>s:<span class=\"_ _393\"> </span></div><div class=\"gs768\"><table class=\"s w3b6 h126\" id=\"_6f52871a-bf16-4476-b8b1-48d898e5b8bc\"><tr><td></td><td></td><td class=\"c n x804 y3c38 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xd05 y3c38 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c39 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xd06 y3c39 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd07 y3c39 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xd08 y3c39 w386 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w3b7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-t<span class=\"_ _1\"></span>o-let mortgages<span class=\"_ _393\"> </span></div></td><td class=\"c n xaaf y3c3a w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,774.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd09 y3c3a w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0a y3c3a w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,279.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0b y3c3a w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">84.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w3b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Owner-occupied mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0c y3c5d w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0d y3c5d w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0e y3c5d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0f y3c5d w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w3b9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal fir<span class=\"_ _1\"></span>st charge r<span class=\"_ _1\"></span>esidential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td><td class=\"c n xd10 y3c5e w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,791.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd11 y3c5e w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd12 y3c5e w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,299.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd13 y3c5e w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">84.7%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w3ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Second charge mortg<span class=\"_ _1\"></span>age loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xd14 y3c3c w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">85.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd15 y3c3c w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x92e y3c3c w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">116.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd16 y3c3c w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w3bb hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loans secured on residen<span class=\"_ _1\"></span>tial property<span class=\"_ _393\"> </span></div></td><td class=\"c n xd17 y3c3d w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,876.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd18 y3c3d w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x39d y3c3d w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,415.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd19 y3c3d w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">85.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w126 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Development finance<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1a y3c3e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">960.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1b y3c3e w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fc y3c3e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">884.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1c y3c3e w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w3bc hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loans secured on property<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1d y3c60 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,836.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1e y3c60 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">90.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1f y3c60 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,299.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd20 y3c60 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">91.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w3bd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xd21 y3c40 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">671.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd22 y3c40 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd23 y3c40 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">633.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd24 y3c40 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w3be hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Motor finance loans<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fe y3c41 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">360.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd25 y3c41 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd26 y3c41 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">331.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd27 y3c41 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w3bf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aircr<span class=\"_ _1\"></span>aft mortgag<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n xd28 y3c42 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd29 y3c42 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b2 y3c42 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1c y3c42 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3c0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Secured BBB schemes<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2a y3c61 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd22 y3c61 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2b y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2c y3c61 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w3c1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Structured lending<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2d y3c63 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">267.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2e y3c63 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">256.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2f y3c63 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3c2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Invoice finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x5da y3c4e w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">35.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd30 y3c4e w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd31 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">32.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd32 y3c4e w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w3c3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal secured loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xd33 y3c4f w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,226.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd34 y3c4f w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">99.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd35 y3c4f w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,616.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd36 y3c4f w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">99.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w3c4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prof<span class=\"_ _1\"></span>essions finance<span class=\"_ _393\"> </span></div></td><td class=\"c n xd37 y3c45 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd38 y3c45 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd39 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">53.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3a y3c45 w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3c5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Unsecured BBB schemes<span class=\"_ _393\"> </span></div></td><td class=\"c n xd37 y3c62 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">46.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3b y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3c y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x40e y3c62 w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3c6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other unsecured commer<span class=\"_ _1\"></span>cial loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3d y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3e y3c65 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1c y3c65 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3c7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal loans to cus<span class=\"_ _1\"></span>tomers<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3f y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd40 y3c48 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd35 y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd41 y3c48 w161 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0%<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs769\">First and second charge mortg<span class=\"_ _1\"></span>ages ar<span class=\"_ _1\"></span>e secured by<span class=\"_ _0\"></span> charges over<span class=\"_ _1\"></span> residential pr<span class=\"_ _1\"></span>operties in England and <span class=\"_ _1\"></span>W<span class=\"_ _1\"></span>ales, or similar<span class=\"_ _1\"></span> Scottish or<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs76a\">Northern Irish securities. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs76b\">Dev<span class=\"_ _1\"></span>elopment finance loans ar<span class=\"_ _1\"></span>e secured b<span class=\"_ _1\"></span>y a <span class=\"_ _1\"></span>first charge (<span class=\"_ _0\"></span>or similar Scottish security<span class=\"_ _1\"></span>) ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment property<span class=\"_ _0\"></span> and various </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs76c\">charges o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the build. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs76d\">Asset finance loans and mot<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>finance loans are eff<span class=\"_ _1\"></span>ectively<span class=\"_ _1\"></span> secured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the financed asset, <span class=\"_ _1\"></span>while aircraft mortg<span class=\"_ _1\"></span>ages ar<span class=\"_ _1\"></span>e secured b<span class=\"_ _1\"></span>y a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs76e\">charge on <span class=\"_ _1\"></span>the aircraft<span class=\"_ _1\"></span> funded.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs76f\">Structured lending and in<span class=\"_ _1\"></span>voice finance balances ar<span class=\"_ _1\"></span>e effectiv<span class=\"_ _1\"></span>ely secur<span class=\"_ _1\"></span>ed ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the assets of<span class=\"_ _1\"></span> the customer<span class=\"_ _0\"></span>, with security<span class=\"_ _1\"></span> enhanced by<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs770\">maintaining balances at a lev<span class=\"_ _1\"></span>el less than <span class=\"_ _1\"></span>the total amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the security (<span class=\"_ _1\"></span>the advance per<span class=\"_ _1\"></span>centage).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs771\">Prof<span class=\"_ _1\"></span>essions finance balances ar<span class=\"_ _1\"></span>e generally<span class=\"_ _1\"></span> short-term unsecur<span class=\"_ _1\"></span>ed loans made to <span class=\"_ _1\"></span>firms of<span class=\"_ _1\"></span> lawyers and accountants <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> working </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs772\">capital purposes.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs773\">Loans made under<span class=\"_ _1\"></span> British Business Bank (\u2018BBB\u2019) supported schemes hav<span class=\"_ _1\"></span>e the benefit<span class=\"_ _1\"></span> of a guar<span class=\"_ _1\"></span>antee underwritten by<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs774\">UK Gov<span class=\"_ _1\"></span>ernment.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs776\">There ar<span class=\"_ _1\"></span>e no significant concentrations o<span class=\"_ _1\"></span>f cr<span class=\"_ _1\"></span>edit risk <span class=\"_ _1\"></span>to individual counterparties due to <span class=\"_ _1\"></span>the large number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> customers included in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs777\">the portfolios. <span class=\"_ _1\"></span>All lending is to customer<span class=\"_ _1\"></span>s within <span class=\"_ _1\"></span>the UK. The <span class=\"_ _1\"></span>total gr<span class=\"_ _1\"></span>oss carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s loans to cust<span class=\"_ _1\"></span>omers due fr<span class=\"_ _1\"></span>om </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs778\">customers with <span class=\"_ _1\"></span>total portfolio e<span class=\"_ _1\"></span>xposures o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> \u00a310.<span class=\"_ _1\"></span>0m is analysed belo<span class=\"_ _1\"></span>w by<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oduct type.<span class=\"_ _393\"> </span></div><div class=\"gs779\"><table class=\"s w3c8 h127\" id=\"_232cff0d-59b3-4124-a507-2071adb7254d\"><tr><td></td><td class=\"c n xc2b y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xd42 y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xcc6 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc7 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w3b7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-t<span class=\"_ _1\"></span>o-let mortgages<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb3 y3c4f w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb4 y3c4f w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">162.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w126 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Development finance<span class=\"_ _393\"> </span></div></td><td class=\"c n xd43 y3c45 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">535.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xb53 y3c45 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">497.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3c1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Structured lending<span class=\"_ _393\"> </span></div></td><td class=\"c n xd43 y3c62 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">256.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xb53 y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">239.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n xd44 y3c65 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd45 y3c65 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7df y3c48 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">963.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd46 y3c48 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">910.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs77a\">The thr<span class=\"_ _1\"></span>eshold of<span class=\"_ _1\"></span> \u00a310.<span class=\"_ _1\"></span>0m is used internally<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> monitoring large e<span class=\"_ _1\"></span>xposures. </div><div class=\"t m0 h7f ff6c fs4 fc1 sc0 ls0 ws0 gs77b\">Credit grading<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs77c\">An analysis of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loans to customers by<span class=\"_ _1\"></span> absolute le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> credit<span class=\"_ _1\"></span> risk at 30 September<span class=\"_ _1\"></span> 2025 is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. The analy<span class=\"_ _1\"></span>sed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs77d\">amount repr<span class=\"_ _1\"></span>esents gross carrying amount.<span class=\"_ _393\"> </span></div><div class=\"gs77e\"><table class=\"s w3c9 h128\" id=\"_64d8fabb-7050-4323-b50f-130de3c9d971\"><tr><td></td><td class=\"c n x62d y3d79 w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x62e y3d79 w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x62f y3d79 w166 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x630 y3d79 w157 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x631 y3d79 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x632 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x633 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x634 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x635 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x636 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e06 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3da0 w3ca hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ery low risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd47 y3da0 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12,478.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x53c y3da0 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">64.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd48 y3da0 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd49 y3da0 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4a y3da0 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12,547.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e07 w3cb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Low risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4b y3e07 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,427.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4c y3e07 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">329.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4d y3e07 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4e y3e07 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4f y3e07 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,794.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da2 w3cc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Moderat<span class=\"_ _1\"></span>e risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd50 y3da2 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd51 y3da2 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">188.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd52 y3da2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd53 y3da2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd54 y3da2 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">347.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da3 w3cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">High risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd55 y3da3 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd56 y3da3 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">70.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd57 y3da3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd58 y3da3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd59 y3da3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">224.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da4 w3ce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ery high risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5a y3da4 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">55.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5b y3da4 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5c y3da4 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">274.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5d y3da4 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5e y3da4 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">396.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w3cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Not graded<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5f y3c9b w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">114.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd60 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd61 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd62 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd63 y3c9b w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">119.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da5 w3d0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal gr<span class=\"_ _1\"></span>oss carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xd47 y3da5 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,368.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd64 y3da5 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">719.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4dd y3da5 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">330.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0f y3da5 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd65 y3da5 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,429.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da6 w3d1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n xd66 y3da6 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x86a y3da6 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xd67 y3da6 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(70.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n xd68 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xd69 y3da6 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(87.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf2 w3d2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal loans to cus<span class=\"_ _1\"></span>tomers<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6a y3cf2 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,356.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd51 y3cf2 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">715.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6b y3cf2 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">259.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6c y3cf2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6d y3cf2 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e08 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c97 w3ca hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ery low risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd47 y3c97 w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12,028.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6e y3c97 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">75.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cb y3c97 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6f y3c97 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd70 y3c97 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12,108.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3cb hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Low risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4b y3c61 w2b5 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,194.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd71 y3c61 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">343.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd72 y3c61 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd73 y3c61 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd74 y3c61 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,584.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w3cc hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Moderat<span class=\"_ _1\"></span>e risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd50 y3c63 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">182.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd75 y3c63 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">199.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd76 y3c63 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c63 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd77 y3c63 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">399.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3cd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">High risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd55 y3c4e w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">127.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd78 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">78.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd79 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e2 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7a y3c4e w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">221.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w3ce hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ery high risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5a y3cb2 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">37.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7b y3cb2 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">76.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7c y3cb2 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">205.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x701 y3cb2 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7d y3cb2 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">326.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3cf hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Not graded<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5f y3c98 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">135.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7e y3c98 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7f y3c98 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f0 y3c98 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd80 y3c98 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">142.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3d0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal gr<span class=\"_ _1\"></span>oss carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xd47 y3c62 w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,705.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd81 y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd82 y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd83 y3c62 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">17.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd84 y3c62 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3d1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n xd66 y3c65 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(16.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b7 y3c65 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n xd85 y3c65 w71 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(50.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc77 y3c65 w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xd86 y3c65 w71 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(76.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3d2 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal loans to cus<span class=\"_ _1\"></span>tomers<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6a y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,689.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd87 y3c48 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">768.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd88 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">232.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd89 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8a y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs77f\">Gradings abov<span class=\"_ _1\"></span>e are based on cr<span class=\"_ _1\"></span>edit scorecar<span class=\"_ _1\"></span>ds or<span class=\"_ _1\"></span> internally assigned risk<span class=\"_ _1\"></span> ratings as appropriate <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the individual asset<span class=\"_ _1\"></span> class. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs780\">These measures ar<span class=\"_ _1\"></span>e calibrated acr<span class=\"_ _1\"></span>oss product<span class=\"_ _1\"></span> types and used internally<span class=\"_ _1\"></span> to monitor<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s overall cr<span class=\"_ _1\"></span>edit risk pr<span class=\"_ _1\"></span>ofile against its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs781\">risk appetite.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs782\">These gradings r<span class=\"_ _1\"></span>epresent curr<span class=\"_ _1\"></span>ent cr<span class=\"_ _1\"></span>edit quality on an absolute basis and <span class=\"_ _1\"></span>this may<span class=\"_ _1\"></span> result in asse<span class=\"_ _1\"></span>ts in higher IFRS 9 stages <span class=\"_ _1\"></span>with low risk<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs783\">grades, especially <span class=\"_ _1\"></span>wher<span class=\"_ _1\"></span>e a case qualifies thr<span class=\"_ _1\"></span>ough breaching, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> example, an arrears <span class=\"_ _1\"></span>threshold but<span class=\"_ _1\"></span> is making regular<span class=\"_ _1\"></span> payments. <span class=\"_ _1\"></span>This </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs784\">will apply especially<span class=\"_ _1\"></span> to S<span class=\"_ _1\"></span>tage 3 cases report<span class=\"_ _1\"></span>ed in note 20, o<span class=\"_ _1\"></span>ther <span class=\"_ _1\"></span>than those shown as \u2018r<span class=\"_ _0\"></span>ealisations\u2019<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs785\">Examples of lo<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> risk cases in higher<span class=\"_ _1\"></span> IFRS 9 stages include fully up-<span class=\"_ _1\"></span>to-date r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of r<span class=\"_ _1\"></span>ent cases; accounts <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the customer is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs786\">in arrears on <span class=\"_ _1\"></span>their account<span class=\"_ _1\"></span> with <span class=\"_ _1\"></span>the Group but up <span class=\"_ _1\"></span>to date on accounts with o<span class=\"_ _1\"></span>ther lenders, cr<span class=\"_ _1\"></span>eating an ov<span class=\"_ _1\"></span>erall positive cr<span class=\"_ _1\"></span>edit rating; and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs787\">accounts wher<span class=\"_ _1\"></span>e the default<span class=\"_ _1\"></span> on the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s loan has y<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>to impact on the ext<span class=\"_ _1\"></span>ernal credit scor<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs788\">A small pr<span class=\"_ _1\"></span>oportion of<span class=\"_ _1\"></span> the loan book (2025: 0<span class=\"_ _0\"></span>.7%, 2024: 0.9%) is classed as \u2018no<span class=\"_ _1\"></span>t graded\u2019 abov<span class=\"_ _1\"></span>e. T<span class=\"_ _1\"></span>his rating generally<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>elates to loans </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs789\">that have been <span class=\"_ _1\"></span>fully underwritt<span class=\"_ _1\"></span>en at origination but wher<span class=\"_ _1\"></span>e the customer<span class=\"_ _0\"></span> falls outside the automated assessment <span class=\"_ _1\"></span>techniques used </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs78a\">post-completion.<span class=\"_ _393\"> </span> </div><div class=\"t m0 h7f ff6c fs4 fc1 sc0 ls0 ws0 gs78c\">Credit characteristics b<span class=\"_ _0\"></span>y portfolio<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gs78d\">L<span class=\"_ _1\"></span>oans secured on residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs78e\">First mortgage loans ha<span class=\"_ _1\"></span>ve a contractual <span class=\"_ _1\"></span>term of<span class=\"_ _1\"></span> up to <span class=\"_ _1\"></span>thirty-fiv<span class=\"_ _1\"></span>e y<span class=\"_ _1\"></span>ears and second charge mortg<span class=\"_ _1\"></span>age loans up to <span class=\"_ _1\"></span>twenty<span class=\"_ _1\"></span> fiv<span class=\"_ _1\"></span>e y<span class=\"_ _1\"></span>ears. In </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs78f\">all cases the customer<span class=\"_ _1\"></span> is entitled to se<span class=\"_ _1\"></span>ttle the loan at any<span class=\"_ _0\"></span> point and in most cases early settlement does tak<span class=\"_ _1\"></span>e place. <span class=\"_ _1\"></span>All customers on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs790\">these accounts are r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to make monthly<span class=\"_ _0\"></span> payments.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs791\">An analysis of<span class=\"_ _1\"></span> the inde<span class=\"_ _1\"></span>xed L<span class=\"_ _1\"></span>oan-to-<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>alue (\u2018L<span class=\"_ _0\"></span>TV\u2019) r<span class=\"_ _1\"></span>atio for<span class=\"_ _1\"></span> those loan accounts secur<span class=\"_ _1\"></span>ed on residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue at </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs792\">30 September<span class=\"_ _1\"></span> 2025 is set out below<span class=\"_ _0\"></span>. L<span class=\"_ _0\"></span>TV<span class=\"_ _0\"></span>s for<span class=\"_ _1\"></span> second charge mortgag<span class=\"_ _1\"></span>es are calculated allo<span class=\"_ _1\"></span>wing for<span class=\"_ _0\"></span> the interest of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>first charg<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs793\">holder<span class=\"_ _0\"></span>, based on the most recent <span class=\"_ _1\"></span>first charge amount<span class=\"_ _1\"></span> held by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, while <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> acquired accounts <span class=\"_ _1\"></span>the effect of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> discount on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs794\">purchase is allo<span class=\"_ _1\"></span>wed f<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs795\"><table class=\"s w14f he9\" id=\"_96d8263e-3ec3-4760-89bc-dd7a8667ccd5\"><tr><td></td><td></td><td class=\"c n xd8b y3c3c w3d3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">First char<span class=\"_ _1\"></span>ge mortgag<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8c y3c3c w3d4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Second charge mortgag<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x4e2 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x873 y3c3e w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x84c y3c3e w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8d y3c3e w1ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x1c7 y3c3e w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e09 ff49 fs4 fc1 sc0 ls0 ws0\">Loan to value r<span class=\"_ _1\"></span>atio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cae w3d5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less than 70%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3d y3cae w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">69.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3cae w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xb08 y3cae w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">96.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3cae w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">96.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">70% to 80%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c41 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8e y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8f y3c41 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c41 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">80% to 90%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x856 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd90 y3c42 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x858 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w3d7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">90% to 100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb19 y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd91 y3c43 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd92 y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd93 y3c43 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w3d8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Over 100%<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c44 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c4e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd94 y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd95 y3c4e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w3d9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>erage L<span class=\"_ _0\"></span>TV r<span class=\"_ _1\"></span>atio<span class=\"_ _393\"> </span></div></td><td class=\"c n xd96 y3c45 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">63.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa07 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">62.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd97 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">49.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x39c y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h94 y3e0a ff66 fs4 fc1 sc0 ls0 ws0\">Of which:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c47 w3da hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-t<span class=\"_ _1\"></span>o-let<span class=\"_ _393\"> </span></div></td><td class=\"c n xd98 y3c47 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">63.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x347 y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">62.8<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c48 w3db hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Owner-occupied<span class=\"_ _393\"> </span></div></td><td class=\"c n xd99 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd9a y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.9<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs796\">The regionally<span class=\"_ _0\"></span> indexed L<span class=\"_ _e\"></span>TV<span class=\"_ _1\"></span>s shown abov<span class=\"_ _1\"></span>e are affect<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> changes in house prices, with <span class=\"_ _1\"></span>the Nationwide house price index, <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the UK </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs797\">as a whole, r<span class=\"_ _1\"></span>egistering an annual increase o<span class=\"_ _1\"></span>f 2.2% in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ended 30 Sept<span class=\"_ _1\"></span>ember 2025 (2024: incr<span class=\"_ _1\"></span>ease of<span class=\"_ _1\"></span> 3.2%).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs798\">The geographical distribution o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s r<span class=\"_ _0\"></span>esidential mortgage assets by gr<span class=\"_ _0\"></span>oss carrying value is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs799\"><table class=\"s w3dc h103\" id=\"_3bcc77d7-1df6-4661-a4c5-00d561e4acab\"><tr><td></td><td></td><td class=\"c n xd9b y3c5d w3dd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">First char<span class=\"_ _1\"></span>ge<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xd9c y3c5d w3de hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Second charge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e2 y3c5e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c5e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c5e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c5e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x873 y3c3c w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x84c y3c3c w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8d y3c3c w1ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x1c7 y3c3c w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w3df hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">East Anglia<span class=\"_ _393\"> </span></div></td><td class=\"c n xd9d y3c3d w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd9e y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd9f y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0a y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w3e0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">East Midlands<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c5f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c5f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c5f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c5f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w3e1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Great<span class=\"_ _1\"></span>er London<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3d y3c60 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3c60 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x354 y3c60 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c60 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w3e2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">North<span class=\"_ _393\"> </span></div></td><td class=\"c n xb14 y3c40 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x976 y3c40 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xda0 y3c40 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xda1 y3c40 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w3e3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">North W<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td class=\"c n xda2 y3c41 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xda3 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d9 y3c41 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xda4 y3c41 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w3e4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">South East<span class=\"_ _393\"> </span></div></td><td class=\"c n xda5 y3c97 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">30.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xda6 y3c97 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x361 y3c97 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x20f y3c97 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">37.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3e5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">South W<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td class=\"c n xda7 y3c61 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x851 y3c61 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xda8 y3c61 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xda9 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w3e6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>est Midlands<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3e7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>orkshire and Humber<span class=\"_ _1\"></span>side<span class=\"_ _393\"> </span></div></td><td class=\"c n x983 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xdaa y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c5 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xdab y3c4e w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w3e8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal England<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3d y3c4f w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">94.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">94.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xb08 y3c4f w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">88.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">87.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Northern Ireland<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c5 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xdab y3c98 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Scotland<span class=\"_ _393\"> </span></div></td><td class=\"c n xa50 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xa51 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xa52 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xa53 y3c62 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3eb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>ales<span class=\"_ _393\"> </span></div></td><td class=\"c n xdac y3c65 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xdad y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d9 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xda4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd94 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd95 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws1a gs79b\">Developmen<span class=\"_ _1\"></span>t finance<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs79c\">Dev<span class=\"_ _1\"></span>elopment finance loans hav<span class=\"_ _1\"></span>e an aver<span class=\"_ _1\"></span>age t<span class=\"_ _1\"></span>erm of 27 months (2024: 28 months<span class=\"_ _1\"></span>). Settlement of<span class=\"_ _1\"></span> principal and accrued inter<span class=\"_ _1\"></span>est tak<span class=\"_ _1\"></span>es </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs79d\">place either on <span class=\"_ _1\"></span>the sale of<span class=\"_ _1\"></span> the de<span class=\"_ _1\"></span>velopment, or<span class=\"_ _1\"></span> units within it, <span class=\"_ _1\"></span>where appr<span class=\"_ _1\"></span>opriate, or on <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>financing of <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>ollowing its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs79e\">completion. T<span class=\"_ _1\"></span>he customer is no<span class=\"_ _1\"></span>t normally r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed to mak<span class=\"_ _1\"></span>e payments during the <span class=\"_ _1\"></span>term of<span class=\"_ _1\"></span> the loan. <span class=\"_ _1\"></span>The loans ar<span class=\"_ _1\"></span>e secured b<span class=\"_ _1\"></span>y a legal </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs79f\">charge o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the site and / or<span class=\"_ _1\"></span> property<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>ogether<span class=\"_ _1\"></span> with other<span class=\"_ _1\"></span> charges and <span class=\"_ _1\"></span>warr<span class=\"_ _1\"></span>anties related <span class=\"_ _1\"></span>to the build.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7a0\">As customers are no<span class=\"_ _1\"></span>t requir<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o make payments during <span class=\"_ _1\"></span>the life of<span class=\"_ _1\"></span> the loan, arr<span class=\"_ _1\"></span>ears and past due measur<span class=\"_ _1\"></span>es cannot be used <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7a1\">monitor cr<span class=\"_ _1\"></span>edit risk. Instead, cases ar<span class=\"_ _1\"></span>e monitor<span class=\"_ _1\"></span>ed on an individual basis against the costs and pr<span class=\"_ _1\"></span>ogress in <span class=\"_ _1\"></span>the agreed de<span class=\"_ _1\"></span>velopment </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7a2\">programme b<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement and Credit<span class=\"_ _1\"></span> Risk. The a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e loan to gr<span class=\"_ _1\"></span>oss dev<span class=\"_ _1\"></span>elopment v<span class=\"_ _1\"></span>alue (\u2018L<span class=\"_ _e\"></span>TGD<span class=\"_ _1\"></span>V\u2019) ratio f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the portfolio at <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7a3\">a measure of<span class=\"_ _0\"></span> security cover<span class=\"_ _0\"></span>, is analysed below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs7a4\"><table class=\"s w210 hfc\" id=\"_b08afb0f-0a47-49f9-8948-d8f202fb3211\"><tr><td></td><td class=\"c n x952 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x953 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x954 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x955 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xcfa y3c41 w3ec hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">By value<span class=\"_ _393\"> </span></div></td><td class=\"c n xdae y3c41 w3ed hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">By number<span class=\"_ _393\"> </span></div></td><td class=\"c n xdaf y3c41 w3ee hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">By v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb0 y3c41 w3ef hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">By number<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdb1 y3c97 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb2 y3c97 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb3 y3c97 w23a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb4 y3c97 w23a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e0b ff49 fs4 fc1 sc0 ls35 wsde\">LT<span class=\"_ _2\"></span>G<span class=\"_ _33\"></span>D<span class=\"_ _2\"></span>V<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w3f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50% or less<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb5 y3c63 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb6 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb7 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x853 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50% to 60%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c4e w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8e y3c4e w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">60% to 65%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c4f w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8e y3c4f w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">65% to 70%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c98 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8e y3c98 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">32.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">70% to 75%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x856 y3c62 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x857 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x858 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Over 75%<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x78a y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7a5\">The av<span class=\"_ _1\"></span>erage L<span class=\"_ _e\"></span>T<span class=\"_ _1\"></span>GDV<span class=\"_ _1\"></span> cov<span class=\"_ _1\"></span>er at <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span> end was 63.8% (202<span class=\"_ _1\"></span>4: 63.0%).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7a6\">L<span class=\"_ _e\"></span>TGD<span class=\"_ _1\"></span>V is calculat<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> comparing the curr<span class=\"_ _1\"></span>ent expected end of<span class=\"_ _1\"></span> term e<span class=\"_ _1\"></span>xposure <span class=\"_ _1\"></span>with the latest estimat<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the completed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7a7\">dev<span class=\"_ _1\"></span>elopment based on surve<span class=\"_ _1\"></span>yors<span class=\"_ _1\"></span>\u2019 reports. <span class=\"_ _1\"></span>The f<span class=\"_ _1\"></span>ocus on residential pr<span class=\"_ _1\"></span>operty de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>within the portf<span class=\"_ _1\"></span>olio means that asset<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7a8\">will generally<span class=\"_ _1\"></span> mov<span class=\"_ _1\"></span>e in line with the UK<span class=\"_ _1\"></span> residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _1\"></span> market.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7a9\">An analysis of<span class=\"_ _1\"></span> the number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> cases in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s development finance portf<span class=\"_ _1\"></span>olio by<span class=\"_ _1\"></span> IFRS 9 impairment stage is set our<span class=\"_ _1\"></span> below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs7aa\"><table class=\"s wd8 hd6\" id=\"_4522577c-335e-4230-97fa-564ad5e6bc93\"><tr><td></td><td class=\"c n x36b y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w3f2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb8 y3cb2 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">215<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb9 y3cb2 w182 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">214<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3f2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n xdba y3c98 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbb y3c98 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3f2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n xdba y3c62 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbb y3c62 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3f3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbc y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbd y3c65 w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w14c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbe y3c48 w182 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">255<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbf y3c48 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">251<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7ab\">The POCI loan w<span class=\"_ _1\"></span>as recognised on <span class=\"_ _1\"></span>the acquisition of<span class=\"_ _1\"></span> part of<span class=\"_ _1\"></span> the de<span class=\"_ _1\"></span>velopment finance business and an allo<span class=\"_ _1\"></span>wance <span class=\"_ _1\"></span>for losses made in <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7ac\">IFRS 3 fair <span class=\"_ _1\"></span>value calculation.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7ae\">The geographical distribution o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s de<span class=\"_ _1\"></span>velopment<span class=\"_ _1\"></span> finance loans by<span class=\"_ _1\"></span> gross carrying <span class=\"_ _1\"></span>value is se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w3f4 h119\" id=\"_47400db3-973a-43fa-acb7-27453370770f\"><tr><td></td><td class=\"c n x3cb y3c5e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c5e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdc0 y3cb5 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc1 y3cb5 w23a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 w3df hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">East Anglia<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a2 y3c96 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc2 y3c96 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w3e0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">East Midlands<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c5f w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c5f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w3e1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Great<span class=\"_ _1\"></span>er London<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3c60 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c60 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w3e2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">North<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c40 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w3e3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">North W<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3cb6 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3cb6 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w3e4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">South East<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e4 y3c97 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">32.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3c97 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">33.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3e5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">South W<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc3 y3c61 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x42a y3c61 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w3e6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>est Midlands<span class=\"_ _393\"> </span></div></td><td class=\"c n x88f y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x890 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3e7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>orkshire and Humber<span class=\"_ _1\"></span>side<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc4 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc5 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w3e8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal England<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3cb2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">95.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3cb2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Northern Ireland<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc6 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Scotland<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c62 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3eb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>ales<span class=\"_ _393\"> </span></div></td><td class=\"c n x444 y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws1a gs7af\">Asset finance and motor<span class=\"_ _1\"></span> finance<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7b0\">Asset and motor<span class=\"_ _1\"></span> finance lending includes <span class=\"_ _1\"></span>finance lease and hire pur<span class=\"_ _1\"></span>chase arrangements, <span class=\"_ _1\"></span>which are accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> as finance leases </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7b1\">under IFRS 16. <span class=\"_ _1\"></span>The aver<span class=\"_ _1\"></span>age contractual life o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the asset finance loans <span class=\"_ _1\"></span>was 53 months (2024: 51 months<span class=\"_ _1\"></span>) while <span class=\"_ _1\"></span>that of<span class=\"_ _1\"></span> the mot<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>finance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7b2\">loans w<span class=\"_ _1\"></span>as 69 months (2024: 69 months), but historical beha<span class=\"_ _1\"></span>viour sugg<span class=\"_ _1\"></span>ests that a significant pr<span class=\"_ _1\"></span>oportion of<span class=\"_ _1\"></span> customers <span class=\"_ _1\"></span>will choose to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7b3\">settle their<span class=\"_ _1\"></span> obligations early<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7b4\">Asset finance customer<span class=\"_ _1\"></span>s are gener<span class=\"_ _1\"></span>ally small or<span class=\"_ _1\"></span> medium sized businesses. <span class=\"_ _1\"></span>The natur<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the assets underlying the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s asset </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7b5\">finance lending, including loans financed <span class=\"_ _1\"></span>through BBB sponsor<span class=\"_ _1\"></span>ed schemes, by<span class=\"_ _1\"></span> gross carrying <span class=\"_ _1\"></span>value is se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs566\"><table class=\"s w3f5 he6\" id=\"_fe311ac6-a143-4093-a157-213f7d9e1fdb\"><tr><td></td><td class=\"c n x3cb y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdc0 y3c40 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc1 y3c40 w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w3f6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial vehicles<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3cb6 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">46.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3cb6 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w3f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Construction plant<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a0 y3c97 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a1 y3c97 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Manufacturing<span class=\"_ _393\"> </span></div></td><td class=\"c n xb28 y3c61 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x853 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w2b3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>echnology<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0a y3c63 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0b y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3f9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Refuse disposal v<span class=\"_ _1\"></span>ehicles<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8f y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w3fa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other vehicles<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc7 y3cb2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x777 y3cb2 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Agriculture<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc8 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x450 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3fc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Print and paper<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w383 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc9 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7b6\">Motor<span class=\"_ _1\"></span> finance loans ar<span class=\"_ _1\"></span>e secured o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> cars, leisure <span class=\"_ _1\"></span>vehicles (<span class=\"_ _1\"></span>motorhomes, carav<span class=\"_ _1\"></span>ans and campervans<span class=\"_ _1\"></span>) and light commer<span class=\"_ _1\"></span>cial vehicles </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7b7\">and repr<span class=\"_ _1\"></span>esent exposur<span class=\"_ _1\"></span>e to consumers and small businesses.<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gs7b9\">Structured lending<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws60 gs7ba\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s structured lending division pr<span class=\"_ _1\"></span>ovides r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>olving loan facilities <span class=\"_ _1\"></span>to support non-bank lending businesses. L<span class=\"_ _1\"></span>oans are made <span class=\"_ _1\"></span>to a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7bb\">Special Purpose V<span class=\"_ _0\"></span>ehicle (\u2018SPV\u2019) company<span class=\"_ _1\"></span> controlled b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the customer and e<span class=\"_ _1\"></span>ffectively<span class=\"_ _1\"></span> secured on <span class=\"_ _1\"></span>the loans made by<span class=\"_ _1\"></span> the SPV<span class=\"_ _0\"></span>. Exposur<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7bc\">is limited to a per<span class=\"_ _1\"></span>centage of<span class=\"_ _0\"></span> the underlying assets, providing a buff<span class=\"_ _1\"></span>er ag<span class=\"_ _1\"></span>ainst credit loss.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7bd\">Summary details o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the structured lending portfolio ar<span class=\"_ _0\"></span>e set out below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs7be\"><table class=\"s wd8 h129\" id=\"_f75a68a3-4b85-4d2d-bff2-3c54b4e7ca94\"><tr><td></td><td class=\"c n x36b y3c45 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c45 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w3fd hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number of active facilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xdca y3c50 w76 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13<span class=\"_ _393\"> </span></div></td><td class=\"c n xdcb y3c50 w33 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3fe hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal f<span class=\"_ _1\"></span>acilities (\u00a3m)<span class=\"_ _393\"> </span></div></td><td class=\"c n xdcc y3c65 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">403.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xdcd y3c65 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">330.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3ff hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value (\u00a3m)<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c48 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">267.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xdce y3c48 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">256.9<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7bf\">The maximum advance under<span class=\"_ _1\"></span> these <span class=\"_ _1\"></span>facilities is generally<span class=\"_ _0\"></span> 80% of the underlying assets, ex<span class=\"_ _1\"></span>cept <span class=\"_ _1\"></span>where loans secur<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> residential </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7c0\">property<span class=\"_ _1\"></span> form <span class=\"_ _1\"></span>the security<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>facility<span class=\"_ _0\"></span>, where 90% is permissible.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7c1\">Customers are char<span class=\"_ _1\"></span>ged inter<span class=\"_ _1\"></span>est on their<span class=\"_ _1\"></span> drawn balance at a r<span class=\"_ _1\"></span>ate linked <span class=\"_ _1\"></span>to SONIA, and a commitment fee on <span class=\"_ _1\"></span>the undrawn amount of<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7c2\">their <span class=\"_ _1\"></span>facility<span class=\"_ _0\"></span>. However<span class=\"_ _0\"></span>, ther<span class=\"_ _1\"></span>e is generally<span class=\"_ _1\"></span> no requir<span class=\"_ _1\"></span>ement <span class=\"_ _1\"></span>to make r<span class=\"_ _1\"></span>egular pa<span class=\"_ _1\"></span>yments of<span class=\"_ _1\"></span> specific amounts, with <span class=\"_ _1\"></span>the facilities operating on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7c3\">a re<span class=\"_ _1\"></span>volving basis, able <span class=\"_ _1\"></span>to be paid down and r<span class=\"_ _1\"></span>edrawn ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> term.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7c4\">The performance of<span class=\"_ _1\"></span> each loan is monitor<span class=\"_ _1\"></span>ed monthly on a case-b<span class=\"_ _1\"></span>y-case basis by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Credit Risk <span class=\"_ _1\"></span>function, assessing </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7c5\">compliance with co<span class=\"_ _1\"></span>venants r<span class=\"_ _1\"></span>elating to both <span class=\"_ _1\"></span>the customer<span class=\"_ _1\"></span> and the performance and composition of<span class=\"_ _0\"></span> the asset pool. These </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7c6\">assessments, which ar<span class=\"_ _1\"></span>e reported <span class=\"_ _1\"></span>to Cr<span class=\"_ _1\"></span>edit Committee, are used <span class=\"_ _1\"></span>to inform <span class=\"_ _1\"></span>the assessment of<span class=\"_ _1\"></span> expected cr<span class=\"_ _1\"></span>edit loss under IFRS 9<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7c7\">At 30 Sept<span class=\"_ _1\"></span>ember 2025 all <span class=\"_ _1\"></span>these facilities <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e identified as Stage 1. <span class=\"_ _1\"></span>At 30 Sept<span class=\"_ _1\"></span>ember 2024 one <span class=\"_ _1\"></span>facility <span class=\"_ _1\"></span>was identified as Stag<span class=\"_ _1\"></span>e 2 with </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7c8\">the remainder<span class=\"_ _1\"></span> in Stage 1.<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gs7c9\">BBB supported schemes<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7ca\">These schemes are manag<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the British Business Bank (\u2018BBB\u2019) and loans made under<span class=\"_ _1\"></span> them ha<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>the benefit of<span class=\"_ _1\"></span> guarantees </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7cb\">underwritten by<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> Government. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7cc\">The Corona<span class=\"_ _1\"></span>virus Business Interruption L<span class=\"_ _1\"></span>oan Scheme (\u2018CBILS\u2019) and the Bounce Back L<span class=\"_ _1\"></span>oan Scheme (\u2018BBLS\u2019) <span class=\"_ _1\"></span>were launched in 2020 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7cd\">and remained open <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> new applications until Mar<span class=\"_ _0\"></span>ch 2021. The Reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> Loan Scheme (\u2018RLS\u2019) <span class=\"_ _1\"></span>was launched in <span class=\"_ _0\"></span>April 2021 as a successor </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7ce\">scheme and has subsequently been ext<span class=\"_ _1\"></span>ended twice. It <span class=\"_ _1\"></span>was av<span class=\"_ _1\"></span>ailable for<span class=\"_ _0\"></span> new lending until <span class=\"_ _1\"></span>June 2024 at which point<span class=\"_ _1\"></span> it w<span class=\"_ _1\"></span>as rebranded as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7cf\">the Gro<span class=\"_ _1\"></span>wth Guarantee Scheme (\u2018GGS\u2019), on broadly<span class=\"_ _0\"></span> similar terms.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7d0\">The Group o<span class=\"_ _1\"></span>ffer<span class=\"_ _1\"></span>ed term loans and asset <span class=\"_ _1\"></span>finance loans under <span class=\"_ _1\"></span>the CBIL scheme. Inter<span class=\"_ _1\"></span>est and f<span class=\"_ _1\"></span>ees wer<span class=\"_ _1\"></span>e paid by<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> Gov<span class=\"_ _1\"></span>ernment for<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7d1\">first tw<span class=\"_ _1\"></span>elve months and <span class=\"_ _1\"></span>the gov<span class=\"_ _1\"></span>ernment guarantee co<span class=\"_ _1\"></span>vers up <span class=\"_ _1\"></span>to 80% of <span class=\"_ _1\"></span>the lender\u2019<span class=\"_ _0\"></span>s principal loss after <span class=\"_ _1\"></span>the application of an<span class=\"_ _1\"></span>y pr<span class=\"_ _1\"></span>oceeds </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs16d\">from <span class=\"_ _1\"></span>the asset financed (if<span class=\"_ _1\"></span> applicable).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7d2\">Loans under<span class=\"_ _1\"></span> the BBL<span class=\"_ _1\"></span> scheme ar<span class=\"_ _1\"></span>e six y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>term loans at a standard 2.5% per<span class=\"_ _0\"></span> annum interest rate. <span class=\"_ _1\"></span>The UK Go<span class=\"_ _1\"></span>vernment paid <span class=\"_ _1\"></span>the interest </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7d3\">on the loan f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the first<span class=\"_ _1\"></span> twelv<span class=\"_ _1\"></span>e months and pro<span class=\"_ _1\"></span>vides lenders with a guar<span class=\"_ _1\"></span>antee covering <span class=\"_ _1\"></span>the whole outstanding balance.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7d4\">The Group o<span class=\"_ _1\"></span>ffers <span class=\"_ _1\"></span>term loans and asset finance loans under<span class=\"_ _1\"></span> the RL<span class=\"_ _1\"></span>S / GGS. Interest<span class=\"_ _1\"></span> and fees ar<span class=\"_ _1\"></span>e payable b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the customer<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om inception. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7d5\">The go<span class=\"_ _1\"></span>vernment guarantee co<span class=\"_ _1\"></span>vers up <span class=\"_ _1\"></span>to 80% of<span class=\"_ _1\"></span> the lender\u2019<span class=\"_ _0\"></span>s principal loss, after <span class=\"_ _1\"></span>the application of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> proceeds fr<span class=\"_ _0\"></span>om the asset financed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7d6\">(if applicable<span class=\"_ _1\"></span>), on applications receiv<span class=\"_ _1\"></span>ed befor<span class=\"_ _1\"></span>e 1 <span class=\"_ _1\"></span>January 2022 and up <span class=\"_ _1\"></span>to 70% for<span class=\"_ _1\"></span> applications r<span class=\"_ _1\"></span>eceived ther<span class=\"_ _1\"></span>eafter<span class=\"_ _1\"></span> under <span class=\"_ _1\"></span>the RLS or<span class=\"_ _1\"></span> under </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7d7\">the successor GGS.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs7d9\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s outstanding BBB supported loans at 30 September<span class=\"_ _1\"></span> 2025 w<span class=\"_ _1\"></span>ere:<span class=\"_ _393\"> </span></div><div class=\"gs5b\"><table class=\"s w400 h107\" id=\"_dec2a93a-9eb9-4e48-bfbe-0aa6b3f40ebf\"><tr><td></td><td class=\"c n x3cb y3c3b w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c3b w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3d0d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3d0d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e0c ff49 fs4 fc1 sc0 ls0 ws0\">RLS / GGS<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3d w401 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>erm loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xdcf y3c3d w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3c3d w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c3e w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c3e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3f w402 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal RLS / GGS<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e4 y3c3f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">57.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3c3f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e0d ff49 fs4 fc1 sc0 ls0 ws0\">CBILS<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w401 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>erm loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd0 y3c41 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd1 y3c41 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x49f y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a0 y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w403 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal CBILS<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd2 y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x41d y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w404 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">BBLS<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x778 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">64.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x779 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w405 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal term loans<span class=\"_ _393\"> </span></div></td><td class=\"c n x33d y3c50 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">46.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x430 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w406 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal asset finance (not<span class=\"_ _1\"></span>e 17)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c47 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x778 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">64.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x779 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7da\">At 30 Sept<span class=\"_ _1\"></span>ember 2025, \u00a30<span class=\"_ _1\"></span>.6m of<span class=\"_ _1\"></span> this balance <span class=\"_ _1\"></span>was consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o be non-performing (2024: \u00a30.5m<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gs7dc\">Arrears performance<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7dd\">The number<span class=\"_ _1\"></span> of accounts in arr<span class=\"_ _1\"></span>ears by<span class=\"_ _1\"></span> asset class, based on <span class=\"_ _1\"></span>the most commonly quo<span class=\"_ _1\"></span>ted definition of<span class=\"_ _1\"></span> arrears <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>type of asse<span class=\"_ _1\"></span>t, at </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7de\">30 September<span class=\"_ _1\"></span> 2025 and 30 September<span class=\"_ _1\"></span> 2024, compar<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the industry a<span class=\"_ _1\"></span>verages at<span class=\"_ _1\"></span> those dates published b<span class=\"_ _1\"></span>y UK Finance (\u2018UKF\u2019) and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7df\">the Finance and Leasing <span class=\"_ _1\"></span>Association (\u2018FLA<span class=\"_ _0\"></span>\u2019), w<span class=\"_ _1\"></span>as:<span class=\"_ _393\"> </span></div><div class=\"gs7e0\"><table class=\"s w407 h12a\" id=\"_79504a8c-e65d-4061-aeba-d93b3c50b68f\"><tr><td></td><td class=\"c n x250 y3c56 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd3 y3c56 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdd4 y3c57 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd5 y3c57 w23a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e0e ff49 fs4 fc1 sc0 ls0 ws0\">First mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e0f ff4a fs4 fc1 sc0 ls0 ws0\">Accounts more than thr<span class=\"_ _1\"></span>ee months in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c5a w408 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-to-let accounts including r<span class=\"_ _1\"></span>eceiver of rent c<span class=\"_ _1\"></span>ases<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a5 y3c5a w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.52<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd6 y3c5a w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.38<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c5b w409 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-to-let accounts e<span class=\"_ _1\"></span>xcluding r<span class=\"_ _1\"></span>eceiver of rent c<span class=\"_ _1\"></span>ases<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3c5b w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.34<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd7 y3c5b w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.19<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c34 w40a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Owner-occupied accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x53a y3c34 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.60<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3c34 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.59<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3e10 ff4a fs4 fc1 sc0 ls0 ws0\">UKF data f<span class=\"_ _1\"></span>or mortgag<span class=\"_ _1\"></span>e accounts more than thr<span class=\"_ _1\"></span>ee months in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3d17 w408 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-to-let accounts including r<span class=\"_ _1\"></span>eceiver of rent c<span class=\"_ _1\"></span>ases<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a5 y3d17 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.75<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd6 y3d17 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.87<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cdc w409 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-to-let accounts e<span class=\"_ _1\"></span>xcluding r<span class=\"_ _1\"></span>eceiver of rent c<span class=\"_ _1\"></span>ases<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3cdc w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.64<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd7 y3cdc w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.76<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cdd w40a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Owner-occupied accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x53a y3cdd w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.87<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3cdd w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.97<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c38 w40b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">All mortgages<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c38 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.83<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c38 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.93<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e11 ff49 fs4 fc1 sc0 ls0 ws0\">Second charge mortg<span class=\"_ _1\"></span>age loans<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e12 ff4a fs4 fc1 sc0 ls0 ws0\">Accounts more than 2 mon<span class=\"_ _1\"></span>ths in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c5e w40c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">All accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.60<span class=\"_ _393\"> </span></div></td><td class=\"c n x62c y3c5e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.63<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c3c w40d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Post<span class=\"_ _1\"></span>-2010 originations<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c3c w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.54<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c3c w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.92<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c96 w40e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Legacy cases (pre-2010 originations)<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd8 y3c96 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.94<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c96 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26.88<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c5f w40f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchased assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd9 y3c5f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">32.61<span class=\"_ _393\"> </span></div></td><td class=\"c n xdda y3c5f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.47<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w410 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">FLA data f<span class=\"_ _1\"></span>or second mortgag<span class=\"_ _1\"></span>e loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xddb y3c60 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.80<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b6 y3c60 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.50<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e13 ff49 fs4 fc1 sc0 ls0 ws0\">Motor finance loans<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e14 ff4a fs4 fc1 sc0 ls0 ws0\">Accounts more than 2 mon<span class=\"_ _1\"></span>ths in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c61 w40c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">All accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n xddc y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.91<span class=\"_ _393\"> </span></div></td><td class=\"c n xddd y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.06<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c63 w411 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Originated cases<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c63 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.91<span class=\"_ _393\"> </span></div></td><td class=\"c n xdde y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.06<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w40f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchased assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.13<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w412 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">FLA data f<span class=\"_ _1\"></span>or consumer point of sale hire pur<span class=\"_ _1\"></span>chase<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3cb2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.60<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3cb2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.10<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e15 ff49 fs4 fc1 sc0 ls0 ws0\">Asset finance loans<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c65 w413 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accounts more than 2 mon<span class=\"_ _1\"></span>ths in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.11<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.14<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w414 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">FLA data f<span class=\"_ _1\"></span>or business lease / hire purchase loans<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c48 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.70<span class=\"_ _393\"> </span></div></td><td class=\"c n xab2 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.70<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7e1\">No published industry data <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> asset classes comparable t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s other<span class=\"_ _1\"></span> books has been identified. <span class=\"_ _1\"></span>Where r<span class=\"_ _1\"></span>evised data at </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7e2\">30 September<span class=\"_ _1\"></span> 2024 has been published by<span class=\"_ _1\"></span> the FLA<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> UKF<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>the comparative industry<span class=\"_ _1\"></span> figur<span class=\"_ _1\"></span>es above ha<span class=\"_ _1\"></span>ve been amended.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7e3\">Arrears inf<span class=\"_ _1\"></span>ormation is not given <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> dev<span class=\"_ _1\"></span>elopment finance, structur<span class=\"_ _1\"></span>ed lending or in<span class=\"_ _1\"></span>voice finance activities as <span class=\"_ _1\"></span>the structure o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7e4\">products means <span class=\"_ _1\"></span>that such a measure is no<span class=\"_ _1\"></span>t appropriate. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7e5\">No figur<span class=\"_ _1\"></span>e has been calculated for<span class=\"_ _0\"></span> unsecured Commercial L<span class=\"_ _1\"></span>ending balances due to <span class=\"_ _1\"></span>the size of<span class=\"_ _1\"></span> the exposur<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7e6\">The Group calculat<span class=\"_ _1\"></span>es its headline arrears measur<span class=\"_ _1\"></span>e for<span class=\"_ _0\"></span> buy-to-let mortgages, sho<span class=\"_ _1\"></span>wn abov<span class=\"_ _1\"></span>e, based on the numbers of<span class=\"_ _1\"></span> accounts </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7e7\">three months or<span class=\"_ _1\"></span> more in arr<span class=\"_ _1\"></span>ears, including pur<span class=\"_ _1\"></span>chased assets, but ex<span class=\"_ _1\"></span>cluding those cases in possession and r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of r<span class=\"_ _0\"></span>ent cases </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7e8\">designated for<span class=\"_ _0\"></span> sale. This is consistent <span class=\"_ _1\"></span>with the methodology<span class=\"_ _1\"></span> used by<span class=\"_ _1\"></span> UKF in compiling its statistics <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the buy-<span class=\"_ _1\"></span>to-let mortgag<span class=\"_ _1\"></span>e market </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws30 gs7e9\">as a whole.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7ea\">The number<span class=\"_ _1\"></span> of accounts in arr<span class=\"_ _1\"></span>ears will natur<span class=\"_ _1\"></span>ally be higher<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or legac<span class=\"_ _1\"></span>y books, such as <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s legacy<span class=\"_ _1\"></span> second charge mortg<span class=\"_ _1\"></span>ages and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7eb\">residential <span class=\"_ _1\"></span>first mortgages <span class=\"_ _1\"></span>than for<span class=\"_ _0\"></span> comparable active ones, as performing accounts pay<span class=\"_ _1\"></span> off<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> balances, leaving arrear<span class=\"_ _1\"></span>s accounts </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7ec\">repr<span class=\"_ _1\"></span>esenting a greater<span class=\"_ _0\"></span> proportion of <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7ed\">The figur<span class=\"_ _1\"></span>es shown abo<span class=\"_ _1\"></span>ve f<span class=\"_ _1\"></span>or second charg<span class=\"_ _1\"></span>e mortgage loans incorporat<span class=\"_ _1\"></span>e purchased portfolios <span class=\"_ _1\"></span>which generally<span class=\"_ _0\"></span> include a high </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7ee\">proportion of<span class=\"_ _0\"></span> cases in arrears at the <span class=\"_ _1\"></span>time of pur<span class=\"_ _1\"></span>chase and wher<span class=\"_ _1\"></span>e this le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f performance is allo<span class=\"_ _1\"></span>wed f<span class=\"_ _1\"></span>or in <span class=\"_ _1\"></span>the discount t<span class=\"_ _1\"></span>o current </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7ef\">balance repr<span class=\"_ _1\"></span>esented by<span class=\"_ _1\"></span> the pur<span class=\"_ _1\"></span>chase price. How<span class=\"_ _1\"></span>ever<span class=\"_ _0\"></span>, this <span class=\"_ _1\"></span>will lead to higher<span class=\"_ _1\"></span> than a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e reported arr<span class=\"_ _1\"></span>ears.<span class=\"_ _393\"> </span></div><div class=\"t m0 h7f ff6c fs4 fc1 sc0 ls0 ws0 gs7f1\">Acquired assets<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7f2\">A significant<span class=\"_ _1\"></span> proportion of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s second charge mortgage balances <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e part of<span class=\"_ _1\"></span> purchased debt portf<span class=\"_ _1\"></span>olios, wher<span class=\"_ _1\"></span>e the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7f3\">consideration paid w<span class=\"_ _1\"></span>as based on the cr<span class=\"_ _1\"></span>edit quality<span class=\"_ _1\"></span> and performance of<span class=\"_ _1\"></span> the loans at <span class=\"_ _1\"></span>the point of<span class=\"_ _1\"></span> the tr<span class=\"_ _1\"></span>ansaction. No additional loans to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7f4\">customers tr<span class=\"_ _1\"></span>eated as POCI <span class=\"_ _1\"></span>were acquir<span class=\"_ _0\"></span>ed in the year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024 or<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7f5\">Collections on purchased accounts hav<span class=\"_ _1\"></span>e been comfortably<span class=\"_ _1\"></span> in excess o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>those implicit in the pur<span class=\"_ _1\"></span>chase prices.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7f6\">In the debt pur<span class=\"_ _1\"></span>chase industry<span class=\"_ _0\"></span>, Estimated Remaining Collections (\u2018ERC\u2019) is commonly used as a measur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> a portfolio. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7f7\">This is defined as the sum o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the undiscounted cash flo<span class=\"_ _1\"></span>ws expected <span class=\"_ _1\"></span>to be receiv<span class=\"_ _1\"></span>ed ov<span class=\"_ _1\"></span>er a specified <span class=\"_ _1\"></span>future period. In <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s view<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7f8\">this measure ma<span class=\"_ _1\"></span>y be suitable f<span class=\"_ _1\"></span>or hea<span class=\"_ _1\"></span>vily discounted, unsecur<span class=\"_ _1\"></span>ed, distr<span class=\"_ _1\"></span>essed portfolios (which <span class=\"_ _1\"></span>will be tr<span class=\"_ _1\"></span>eated as POCI under<span class=\"_ _1\"></span> IFRS 9), </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7f9\">but is less applicable for<span class=\"_ _0\"></span> the types of<span class=\"_ _1\"></span> portfolio in which <span class=\"_ _1\"></span>the Group has in<span class=\"_ _1\"></span>vested, <span class=\"_ _1\"></span>where cash <span class=\"_ _1\"></span>flows ar<span class=\"_ _1\"></span>e higher<span class=\"_ _1\"></span> on acquisition, loans may </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7fa\">be secured on pr<span class=\"_ _1\"></span>operty and cust<span class=\"_ _1\"></span>omers may<span class=\"_ _1\"></span> not be in default. In such cases, <span class=\"_ _1\"></span>the IFRS 9 amortised cost balance, at which these asse<span class=\"_ _1\"></span>ts </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7fb\">are carried in <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s balance sheet, pro<span class=\"_ _1\"></span>vides a better<span class=\"_ _1\"></span> indication of <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7fc\">Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, to aid comparability<span class=\"_ _0\"></span>, the 84 and 120 month ERCs v<span class=\"_ _1\"></span>alue f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s purchased consumer<span class=\"_ _1\"></span> loan assets, are se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7fd\">These are deriv<span class=\"_ _1\"></span>ed using the same models and assumptions used in <span class=\"_ _1\"></span>the EIR calculations. ERCs are set out<span class=\"_ _1\"></span> both for<span class=\"_ _1\"></span> all pur<span class=\"_ _1\"></span>chased </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs7fe\">consumer portf<span class=\"_ _1\"></span>olios and for<span class=\"_ _1\"></span> those classified as POCI under<span class=\"_ _1\"></span> IFRS 9.<span class=\"_ _393\"> </span></div><div class=\"gs7ff\"><table class=\"s w415 hdb\" id=\"_7e9f3c31-314e-4891-838a-5f36d93268a7\"><tr><td></td><td class=\"c n x463 y3c40 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c40 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c40 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c41 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c41 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c41 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e16 ff49 fs4 fc1 sc0 ls0 ws0\">All purchased consumer assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 w138 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n xa48 y3c43 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xddf y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">58.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w416 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">84 month ERCs<span class=\"_ _393\"> </span></div></td><td class=\"c n xde0 y3c63 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">36.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xde1 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">48.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xde2 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">68.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w417 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">120 month ERCs<span class=\"_ _393\"> </span></div></td><td class=\"c n x539 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">40.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">52.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x448 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c50 w418 h125\"><div class=\"t m0 x19e h4e y3c6a ff49 fs4 fc1 sc0 ls0 ws0\">POCI assets only<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x8db y3c50 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xde3 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w416 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">84 month ERCs<span class=\"_ _393\"> </span></div></td><td class=\"c n xde0 y3c65 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xde1 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xde2 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w417 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">120 month ERCs<span class=\"_ _393\"> </span></div></td><td class=\"c n x539 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x448 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.8<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs800\">Amounts shown abov<span class=\"_ _1\"></span>e are disclosed as loans <span class=\"_ _1\"></span>to customers (<span class=\"_ _1\"></span>note 16). <span class=\"_ _1\"></span>They<span class=\"_ _1\"></span> include first mortg<span class=\"_ _1\"></span>ages and second charg<span class=\"_ _1\"></span>e mortgage loans.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs801\">Inves<span class=\"_ _1\"></span>tment securities </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs802\">The credit<span class=\"_ _1\"></span> risk inherent in <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment<span class=\"_ _1\"></span> securities is controlled b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>AL<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>, which determines <span class=\"_ _1\"></span>the nature o<span class=\"_ _1\"></span>f securities <span class=\"_ _1\"></span>which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs803\">may<span class=\"_ _1\"></span> be invested in and <span class=\"_ _1\"></span>the types of<span class=\"_ _0\"></span> issuers in whose securities the Group ma<span class=\"_ _1\"></span>y in<span class=\"_ _1\"></span>vest. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup has formal risk appe<span class=\"_ _1\"></span>tites, policies </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs804\">and limits, appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Risk<span class=\"_ _1\"></span> and Compliance Committee. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs805\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s holdings at 30 September<span class=\"_ _1\"></span> 2025, described in note 15, comprise gilts issued b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the UK Gov<span class=\"_ _1\"></span>ernment and cov<span class=\"_ _1\"></span>ered bonds </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs806\">issued by<span class=\"_ _1\"></span> UK institutions. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs807\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investments ar<span class=\"_ _1\"></span>e analysed belo<span class=\"_ _1\"></span>w accor<span class=\"_ _1\"></span>ding to <span class=\"_ _1\"></span>the public credit r<span class=\"_ _1\"></span>ating assigned to institutional exposur<span class=\"_ _1\"></span>es, or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> the cr<span class=\"_ _1\"></span>edit </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs808\">ratings assigned by<span class=\"_ _1\"></span> Fitch f<span class=\"_ _1\"></span>or so<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>eign (UK Gov<span class=\"_ _1\"></span>ernment) exposur<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span></div><div class=\"gs809\"><table class=\"s w419 h12b\" id=\"_08d77349-bcea-4378-a5e9-0f3bbcfad69c\"><tr><td></td><td></td><td class=\"c n xde4 y3c44 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xde5 y3c44 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xde6 y3cd2 w41a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Sovereign<span class=\"_ _393\"> </span></div></td><td class=\"c n xde7 y3cd2 w41b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Institutional<span class=\"_ _393\"> </span></div></td><td class=\"c n xde8 y3cd2 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n xde9 y3cd2 w41c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sovereign<span class=\"_ _393\"> </span></div></td><td class=\"c n xdea y3cd2 w41d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Institutional<span class=\"_ _393\"> </span></div></td><td class=\"c n xdeb y3cd2 w41e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _e\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdec y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xded y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xdee y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xdef y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf0 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf1 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e17 ff49 fs4 fc1 sc0 ls0 ws0\">Rating<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 w41f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">AAA<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf2 y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf3 y3c50 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf4 y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x61a y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf5 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf6 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w420 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls16 ws8d\">AA-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf7 y3c47 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf8 y3c47 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf9 y3c47 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdfa y3c47 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">404.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdfb y3c47 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdfc y3c47 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">404.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdfd y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdfe y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xdff y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe00 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">404.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe01 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe02 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs80b\">Cash balances<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs80c\">The credit<span class=\"_ _1\"></span> risk inherent in <span class=\"_ _1\"></span>the cash positions of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Company<span class=\"_ _0\"></span> is controlled by <span class=\"_ _0\"></span>ALCO<span class=\"_ _1\"></span>, which det<span class=\"_ _1\"></span>ermines which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs80d\">institutions deposits may<span class=\"_ _1\"></span> be placed with. <span class=\"_ _1\"></span>The Group has <span class=\"_ _1\"></span>formal risk appe<span class=\"_ _1\"></span>tites, policies and limits, appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Risk<span class=\"_ _1\"></span> and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs80e\">Compliance Committee. T<span class=\"_ _1\"></span>hese include limitations on large exposur<span class=\"_ _1\"></span>es t<span class=\"_ _1\"></span>o mitigate any<span class=\"_ _1\"></span> concentration risk in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> its investments. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs80f\">F<span class=\"_ _0\"></span>or cash deposits within <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s securitisation structures, the scheme documents <span class=\"_ _1\"></span>will set out criteria <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> allowable in<span class=\"_ _1\"></span>vestments, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gs810\">including rating thresholds.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs811\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s cash balances are held in sterling at<span class=\"_ _1\"></span> the Bank of<span class=\"_ _0\"></span> England and at highly rated banks in curr<span class=\"_ _1\"></span>ent and call accounts. Cash is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs812\">also invested in short<span class=\"_ _1\"></span>-term fix<span class=\"_ _1\"></span>ed rate mone<span class=\"_ _1\"></span>y mark<span class=\"_ _1\"></span>et deposits <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>time to <span class=\"_ _1\"></span>time. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs813\">The carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s and the Company\u2019<span class=\"_ _0\"></span>s cash balances analysed by<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> long-term cr<span class=\"_ _0\"></span>edit rating as determined by Fit<span class=\"_ _1\"></span>ch is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs814\">set out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs815\"><table class=\"s wd8 h119\" id=\"_51f0ce97-64d4-4a4d-89f6-312fe3e70aba\"><tr><td></td><td class=\"c n x36b y3c5e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c5e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c3c w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c3c w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e18 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e19 ff4a fs4 fc1 sc0 ls0 ws0\">Cash with central bank<span class=\"_ _1\"></span>s rat<span class=\"_ _1\"></span>ed:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c x1a7 y3e1b w421 h12c\"><div class=\"t m0 xe03 h4e y3e1a ff4a fs4 fc1 sc0 ls16 wsdf\">AA-<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Cash with retail bank<span class=\"_ _1\"></span>s rat<span class=\"_ _1\"></span>ed:<span class=\"_ _393\"> </span></div></td><td class=\"c n x38b y3c60 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,175.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe04 y3c60 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,315.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c42 w422 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls16 wsdf\">AA-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe05 y3c42 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">175.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xde3 y3c42 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">98.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c61 w423 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">A+<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b6 y3c61 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.7<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">213.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c63 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">209.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w424 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal e<span class=\"_ _1\"></span>xposure<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c4f w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e1c ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e1d ff4a fs4 fc1 sc0 ls0 ws0\">Cash with retail bank<span class=\"_ _1\"></span>s rat<span class=\"_ _1\"></span>ed:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x260 y3c48 w423 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">A+<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x43e y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs816\">CSA<span class=\"_ _1\"></span> assets, which ar<span class=\"_ _1\"></span>e placed with r<span class=\"_ _1\"></span>etail banks, hav<span class=\"_ _1\"></span>e similar<span class=\"_ _1\"></span> ratings to <span class=\"_ _1\"></span>those shown abo<span class=\"_ _1\"></span>ve f<span class=\"_ _1\"></span>or r<span class=\"_ _1\"></span>etail bank deposits.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs817\">Movements in gr<span class=\"_ _1\"></span>adings in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> relate principally<span class=\"_ _0\"></span> to re-ratings of<span class=\"_ _1\"></span> se<span class=\"_ _1\"></span>veral of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s principal counterparties by Fitch. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs818\">Credit risk<span class=\"_ _1\"></span> on all these balances, and any<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est accrued ther<span class=\"_ _1\"></span>eon, is considered <span class=\"_ _1\"></span>to be minimal. <span class=\"_ _1\"></span>These balances are consider<span class=\"_ _1\"></span>ed as </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs819\">Stage 1 f<span class=\"_ _1\"></span>or IFRS 9 impairment purposes <span class=\"_ _1\"></span>with a PD such that any<span class=\"_ _0\"></span> provision requir<span class=\"_ _1\"></span>ed w<span class=\"_ _1\"></span>ould be immaterial.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs81a\">T<span class=\"_ _0\"></span>rade debtors<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs81b\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s trade deb<span class=\"_ _1\"></span>tors balance repr<span class=\"_ _1\"></span>esents principally<span class=\"_ _1\"></span> amounts outstanding on unpaid operating lease obligations in the asse<span class=\"_ _1\"></span>t </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs81c\">finance business, wher<span class=\"_ _1\"></span>e similar accep<span class=\"_ _1\"></span>tance criteria to <span class=\"_ _1\"></span>those used for<span class=\"_ _1\"></span> finance lease cases apply<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs81e\">Financial assets at fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs81f\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets held at <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue comprise solely deriv<span class=\"_ _1\"></span>ative financial instruments used <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> hedging purposes (note 2<span class=\"_ _1\"></span>4).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs820\">In order<span class=\"_ _1\"></span> to contr<span class=\"_ _1\"></span>ol cr<span class=\"_ _1\"></span>edit risk relating <span class=\"_ _1\"></span>to counterparties <span class=\"_ _1\"></span>to the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s derivative financial instruments, <span class=\"_ _0\"></span>ALCO r<span class=\"_ _1\"></span>eview<span class=\"_ _1\"></span>s and appro<span class=\"_ _1\"></span>ves </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs821\">which counterparties the Gr<span class=\"_ _1\"></span>oup will deal <span class=\"_ _1\"></span>with, establishes limits for<span class=\"_ _0\"></span> each counterparty and monitors compliance with <span class=\"_ _1\"></span>those limits. <span class=\"_ _1\"></span>Any </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs822\">changes necessary<span class=\"_ _1\"></span> are advised <span class=\"_ _1\"></span>to ERC. <span class=\"_ _1\"></span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s counterparties are <span class=\"_ _1\"></span>typically highly<span class=\"_ _0\"></span> rated banks and, for<span class=\"_ _1\"></span> all derivativ<span class=\"_ _1\"></span>e positions </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs823\">held within securitisation structur<span class=\"_ _1\"></span>es, must comply <span class=\"_ _1\"></span>with criteria set out in <span class=\"_ _1\"></span>the financing arrang<span class=\"_ _1\"></span>ements, which ar<span class=\"_ _1\"></span>e monitor<span class=\"_ _1\"></span>ed externally<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs824\">Since June 2019<span class=\"_ _0\"></span>, the Group has been centrally<span class=\"_ _1\"></span> clearing certain eligible derivativ<span class=\"_ _1\"></span>es with a Central Clearing Count<span class=\"_ _1\"></span>erparty (\u2018CCP\u2019) <span class=\"_ _1\"></span>which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs825\">remo<span class=\"_ _1\"></span>ves cr<span class=\"_ _1\"></span>edit risk between bilat<span class=\"_ _1\"></span>eral counterparties and ensures <span class=\"_ _1\"></span>timely se<span class=\"_ _1\"></span>ttlement and / or porting o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative contracts in <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs826\">ev<span class=\"_ _1\"></span>ent of<span class=\"_ _1\"></span> the failur<span class=\"_ _0\"></span>e of a counterparty<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs827\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s net exposur<span class=\"_ _1\"></span>e position on centrally<span class=\"_ _1\"></span> cleared deriv<span class=\"_ _1\"></span>ative is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs815\"><table class=\"s w425 hf7\" id=\"_069a5f3c-6ff6-4e2b-acc3-7ae50c615e4c\"><tr><td></td><td class=\"c n x3cb y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w56 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">240.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c50 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">317.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w62 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x49a y3c65 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(65.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x659 y3c65 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(98.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">175.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">218.4<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs828\">These amounts are no<span class=\"_ _1\"></span>t offset in <span class=\"_ _1\"></span>the accounts of <span class=\"_ _1\"></span>the Gr<span class=\"_ _1\"></span>oup.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs829\">The Group uses <span class=\"_ _1\"></span>the ISDA<span class=\"_ _0\"></span> Master <span class=\"_ _1\"></span>Agreement and Cr<span class=\"_ _1\"></span>edit Support <span class=\"_ _1\"></span>Annex (\u2018CSA<span class=\"_ _0\"></span>\u2019) f<span class=\"_ _1\"></span>or documenting unclear<span class=\"_ _1\"></span>ed derivativ<span class=\"_ _1\"></span>e activity<span class=\"_ _1\"></span>. Under<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs82a\">a CSA, collateral is passed betw<span class=\"_ _1\"></span>een counterparties t<span class=\"_ _1\"></span>o mitigate the mark<span class=\"_ _1\"></span>et contingent<span class=\"_ _1\"></span> counterparty risk<span class=\"_ _1\"></span> inherent in <span class=\"_ _1\"></span>the outstanding </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs82b\">positions. Collateral pledged <span class=\"_ _1\"></span>to such counterparties by<span class=\"_ _1\"></span> the Gr<span class=\"_ _0\"></span>oup is shown in note 25, while collateral pledg<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the Group is sho<span class=\"_ _1\"></span>wn </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs82c\">in note 37<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs82d\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s exposure <span class=\"_ _1\"></span>to cr<span class=\"_ _1\"></span>edit risk in r<span class=\"_ _1\"></span>espect of <span class=\"_ _1\"></span>the counterparties t<span class=\"_ _1\"></span>o its derivativ<span class=\"_ _1\"></span>e financial assets, analysed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>their long<span class=\"_ _1\"></span>-term cr<span class=\"_ _1\"></span>edit </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs82e\">rating as determined b<span class=\"_ _1\"></span>y Fitch is set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs82f\"><table class=\"s w426 h12d\" id=\"_f50a1236-4d1a-4837-b115-6d69ae21c5cd\"><tr><td></td><td class=\"c n x3cb y3d0d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3d0d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c3c w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c3c w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e1e ff49 fs4 fc1 sc0 ls0 ws0\">Carrying value of deriva<span class=\"_ _1\"></span>tive financial assets<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e1f ff4a fs4 fc1 sc0 ls0 ws0\">Counterparties r<span class=\"_ _1\"></span>ated<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3f w427 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">AA<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c3f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c3f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cae w420 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls16 ws8d\">AA-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b5 y3cae w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">237.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3cae w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w428 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">A+<span class=\"_ _393\"> </span></div></td><td class=\"c n x403 y3c41 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe06 y3c41 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">357.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w429 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">A<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x88a y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w42a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls16 ws8d\">A-<span class=\"_ _393\"> </span></div></td><td class=\"c n x849 y3c43 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w42b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Gross e<span class=\"_ _1\"></span>xposure (note 24)<span class=\"_ _393\"> </span></div></td><td class=\"c n x372 y3c44 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x373 y3c44 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e20 ff49 fs4 fc1 sc0 ls0 ws0\">Collater<span class=\"_ _1\"></span>al amounts post<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 w42c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA collat<span class=\"_ _1\"></span>eral amounts (not<span class=\"_ _1\"></span>e 37)<span class=\"_ _393\"> </span></div></td><td class=\"c n xe07 y3c45 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(86.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xe08 y3c45 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(103.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w42d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal colla<span class=\"_ _1\"></span>teral<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cf y3c50 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(86.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xe09 y3c50 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(103.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w42e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net exposur<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td><td class=\"c n x372 y3c48 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x373 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">288.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs830\">Movements in gr<span class=\"_ _1\"></span>adings in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> result <span class=\"_ _1\"></span>from upgr<span class=\"_ _1\"></span>ades to se<span class=\"_ _1\"></span>veral o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s principal counterparties.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs832\">60. <span class=\"_ _2\"></span>Liquidity risk<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs833\">Liquidity risk is <span class=\"_ _1\"></span>the risk <span class=\"_ _1\"></span>that the Gr<span class=\"_ _1\"></span>oup might be unable to mee<span class=\"_ _1\"></span>t its liabilities and financial commitments as <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> fall due. </div><div class=\"t m9 ha ff6 fs4 fc1 sc0 ls0 ws0 gs834\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s principal source o<span class=\"_ _1\"></span>f liquidity<span class=\"_ _1\"></span> risk is fr<span class=\"_ _1\"></span>om its re<span class=\"_ _1\"></span>tail deposit funding. <span class=\"_ _1\"></span>Amounts raised ar<span class=\"_ _1\"></span>e typically<span class=\"_ _1\"></span> used to support<span class=\"_ _1\"></span> lending </div><div class=\"t m9 ha ff6 fs4 fc1 sc0 ls0 ws0 gs835\">activities wher<span class=\"_ _1\"></span>e maturity is o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> a longer<span class=\"_ _1\"></span> period than <span class=\"_ _1\"></span>that of <span class=\"_ _1\"></span>the deposits. <span class=\"_ _1\"></span>This maturity <span class=\"_ _1\"></span>transformation e<span class=\"_ _1\"></span>xposes the Gr<span class=\"_ _1\"></span>oup to liquidity<span class=\"_ _1\"></span> risk.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs836\">Other sour<span class=\"_ _1\"></span>ces of<span class=\"_ _1\"></span> liquidity risk in <span class=\"_ _1\"></span>the normal course of<span class=\"_ _1\"></span> business include that arising:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs837\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>In the medium <span class=\"_ _1\"></span>term fr<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s corporate and cover<span class=\"_ _1\"></span>ed bonds which ar<span class=\"_ _1\"></span>e used to support<span class=\"_ _1\"></span> its general operations and <span class=\"_ _1\"></span>from its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs838\">participation in central bank funding schemes<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs839\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s derivativ<span class=\"_ _1\"></span>es portfolio, <span class=\"_ _1\"></span>which gives rise <span class=\"_ _1\"></span>to liquidity risk due <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>the collateral requir<span class=\"_ _1\"></span>ements t<span class=\"_ _1\"></span>o cover<span class=\"_ _1\"></span> adver<span class=\"_ _1\"></span>se changes </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws49 gs83a\">in valuation<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs83b\">Liquidity is also r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>ovide capital support f<span class=\"_ _1\"></span>or ne<span class=\"_ _1\"></span>w loans and <span class=\"_ _1\"></span>working capital f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs83c\">As an authorised deposit-tak<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, the liquidity position of<span class=\"_ _1\"></span> Parag<span class=\"_ _1\"></span>on Bank PL<span class=\"_ _1\"></span>C, <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s banking subsidiary<span class=\"_ _1\"></span>, is also managed on a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs83d\">stand-alone basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs83e\">Set out below<span class=\"_ _1\"></span> is a summary o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the contractual cash flo<span class=\"_ _1\"></span>ws expected <span class=\"_ _1\"></span>to arise fr<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s financial and leasing liabilities, based on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs83f\">the earliest date at <span class=\"_ _1\"></span>which repayment<span class=\"_ _1\"></span> can be demanded.<span class=\"_ _393\"> </span></div><div class=\"gs840\"><table class=\"s w26f h12e\" id=\"_72c7e52a-89f2-4d17-b699-14e39e6e93a9\"><tr><td></td><td></td><td></td><td class=\"t m0 xe0a h4e y3e21 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts pay<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xe0b h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">In one year </td><td class=\"t m0 xe0c h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0d h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0e h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 x316 h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xe0f h4e y3e23 ff49 fs4 fc1 sc0 ls0 ws0\">or less, or on </td><td class=\"t m0 x9d3 h4e y3e23 ff49 fs4 fc1 sc0 ls0 ws0\">one year<span class=\"_ _0\"></span>, but </td><td class=\"t m0 xe10 h4e y3e23 ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s but </td><td class=\"t m0 x8af h4e y3e23 ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s </td><td></td></tr><tr><td></td><td class=\"t m0 x96b h4e y3e24 ff49 fs4 fc1 sc0 ls0 ws0\">demand </td><td class=\"t m0 xe11 h4e y3e24 ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td class=\"t m0 xe12 h4e y3e24 ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x313 h4e y3e25 ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td class=\"t m0 xe13 h4e y3e25 ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e26 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cf2 w61 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xe14 y3cf2 w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,091.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe15 y3cf2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,054.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe16 y3cf2 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">632.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe17 y3cf2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe18 y3cf2 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,859.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w42f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xe19 y3ca3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,092.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xc8c y3ca3 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">33.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xcff y3ca3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">532.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f6 y3ca3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">156.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4aa y3ca3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,815.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf3 w430 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal non-deriv<span class=\"_ _1\"></span>ative liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1a y3cf3 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,184.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1b y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,087.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1c y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,164.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1d y3cf3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">237.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1e y3cf3 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18,674.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d31 w431 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1f y3d31 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">42.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe20 y3d31 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe21 y3d31 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x643 y3d31 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe22 y3d31 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">80.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe23 y3cd9 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,226.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe24 y3cd9 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,108.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe25 y3cd9 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,182.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe26 y3cd9 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">237.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe27 y3cd9 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18,755.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e27 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w61 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xe14 y3c4f w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,559.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe28 y3c4f w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,657.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x360 y3c4f w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">740.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x361 y3c4f w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">63.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe29 y3c4f w55 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">17,020.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w42f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2a y3c45 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">150.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2b y3c45 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">761.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x627 y3c45 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">28.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c45 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">163.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2c y3c45 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,102.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w430 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal non-deriv<span class=\"_ _1\"></span>ative liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1a y3c62 w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,710.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2d y3c62 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,418.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2e y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">768.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x943 y3c62 w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">226.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2f y3c62 w55 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">18,123.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w431 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1f y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe30 y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">31.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe31 y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">52.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe32 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">112.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe23 y3c48 w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,731.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe33 y3c48 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,450.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe34 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">820.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe35 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">233.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xe36 y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">18,236.1<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs841\">As the amounts set out<span class=\"_ _1\"></span> above include all e<span class=\"_ _1\"></span>xpected futur<span class=\"_ _1\"></span>e cash flow<span class=\"_ _1\"></span>s, including principal and interest, <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> will no<span class=\"_ _1\"></span>t correspond <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs842\">amortised cost or <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue amounts reported in <span class=\"_ _1\"></span>the balance sheet. </div><div class=\"t m9 ha ff6 fs4 fc1 sc0 ls0 ws0 gs843\">F<span class=\"_ _1\"></span>urther inf<span class=\"_ _1\"></span>ormation on the liquidity<span class=\"_ _1\"></span> exposure arising <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s retail deposits, securitisation and o<span class=\"_ _1\"></span>ther borr<span class=\"_ _1\"></span>owings is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs844\">The liquidity e<span class=\"_ _1\"></span>xposures of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y arise only<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om its borro<span class=\"_ _1\"></span>wings, and are set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs845\">The ov<span class=\"_ _1\"></span>erall responsibility<span class=\"_ _0\"></span> for <span class=\"_ _1\"></span>the management of<span class=\"_ _1\"></span> liquidity risk<span class=\"_ _1\"></span> rests <span class=\"_ _1\"></span>with AL<span class=\"_ _0\"></span>CO which makes r<span class=\"_ _1\"></span>ecommendations f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s liquidity </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs846\">policy<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> board appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>al. <span class=\"_ _1\"></span>AL<span class=\"_ _1\"></span>CO monitors liquidity<span class=\"_ _1\"></span> risk metrics within limits se<span class=\"_ _1\"></span>t by<span class=\"_ _1\"></span> the Boar<span class=\"_ _1\"></span>d and / or r<span class=\"_ _1\"></span>egulators and uses detailed cash </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs847\">flow pr<span class=\"_ _0\"></span>ojections to ensure that<span class=\"_ _1\"></span> an adequate lev<span class=\"_ _1\"></span>el of liquidity<span class=\"_ _1\"></span> is av<span class=\"_ _1\"></span>ailable at all times.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs848\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s and the Bank\u2019<span class=\"_ _0\"></span>s liquidity position is manag<span class=\"_ _1\"></span>ed on a day-t<span class=\"_ _1\"></span>o-day basis b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the tr<span class=\"_ _1\"></span>easury <span class=\"_ _1\"></span>function, under <span class=\"_ _1\"></span>the supervision of<span class=\"_ _1\"></span> AL<span class=\"_ _0\"></span>CO.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs84a\">Retail deposits<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs84b\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s retail <span class=\"_ _1\"></span>funding strategy<span class=\"_ _1\"></span> is focussed on building a stable mix o<span class=\"_ _1\"></span>f deposit pr<span class=\"_ _1\"></span>oducts. <span class=\"_ _1\"></span>A high pr<span class=\"_ _1\"></span>oportion of<span class=\"_ _1\"></span> balances, around </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs84c\">95%, are pr<span class=\"_ _1\"></span>otected b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the FSCS which mitig<span class=\"_ _1\"></span>ates against the possibility<span class=\"_ _0\"></span> of a retail run.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs84d\">The cash outflow<span class=\"_ _1\"></span>s, including principal and estimated interest<span class=\"_ _1\"></span> contractually r<span class=\"_ _1\"></span>equired b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s retail deposit<span class=\"_ _1\"></span> balances, analysed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs84e\">by<span class=\"_ _1\"></span> the earliest date at<span class=\"_ _1\"></span> which r<span class=\"_ _1\"></span>epayment can be demanded ar<span class=\"_ _1\"></span>e set out below:<span class=\"_ _393\"> </span></div><div class=\"gs84f\"><table class=\"s w20a h10d\" id=\"_bf20b2a6-a996-48b1-b084-c6cef16d2149\"><tr><td></td><td class=\"c n x3cb y3c41 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c41 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c42 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c42 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w432 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable on demand<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c61 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,206.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c61 w18 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7,697.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w433 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than three mon<span class=\"_ _1\"></span>ths<span class=\"_ _393\"> </span></div></td><td class=\"c n xe37 y3c63 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,446.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xe38 y3c63 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,718.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w434 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than one year but mor<span class=\"_ _1\"></span>e than three months<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c4e w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,438.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c4e w18 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,144.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w435 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than one year or on demand<span class=\"_ _393\"> </span></div></td><td class=\"c n xe39 y3c4f w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,091.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b1 y3c4f w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,559.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w436 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in one to tw<span class=\"_ _1\"></span>o years<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3a y3c98 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,054.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3b y3c98 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,657.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w437 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in two t<span class=\"_ _1\"></span>o five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">632.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c62 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">740.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w438 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable aft<span class=\"_ _1\"></span>er more than five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3c y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">63.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe3d y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,859.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3e y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17,020.6<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs850\">In order<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>educe the liquidity<span class=\"_ _1\"></span> risk inher<span class=\"_ _1\"></span>ent in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s retail deposit balances, the PR<span class=\"_ _1\"></span>A r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>es that <span class=\"_ _1\"></span>the Bank, like other<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>egulated </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs851\">banks, maintains a buffer<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> liquid assets to ensur<span class=\"_ _1\"></span>e it has sufficient av<span class=\"_ _1\"></span>ailable funds at all <span class=\"_ _1\"></span>times to pr<span class=\"_ _1\"></span>otect ag<span class=\"_ _1\"></span>ainst unfor<span class=\"_ _1\"></span>eseen </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs852\">circumstances. <span class=\"_ _1\"></span>The amount of<span class=\"_ _0\"></span> this buffer is calculated using Individual Liquidity<span class=\"_ _1\"></span> Guidance (\u2018IL<span class=\"_ _1\"></span>G\u2019) set by<span class=\"_ _0\"></span> the PRA based on <span class=\"_ _1\"></span>the Internal </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs853\">Liquidity <span class=\"_ _0\"></span>Adequacy <span class=\"_ _1\"></span>Assessment Process (\u2018ILAAP\u2019) undertak<span class=\"_ _1\"></span>en by<span class=\"_ _1\"></span> the Bank. <span class=\"_ _1\"></span>The ILAAP determines <span class=\"_ _1\"></span>the liquid resour<span class=\"_ _0\"></span>ces that must </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs854\">be maintained in the Bank <span class=\"_ _1\"></span>to meet <span class=\"_ _1\"></span>the Overall Liquidity<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Adequacy<span class=\"_ _1\"></span> Rule (\u2018OLAR\u2019) and to ensur<span class=\"_ _1\"></span>e that<span class=\"_ _1\"></span> it can meet its liabilities as the<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs855\">fall due. It is based on an analysis o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Bank\u2019<span class=\"_ _0\"></span>s business as usual forecast cash r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ements but also considers their<span class=\"_ _1\"></span> predict<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs856\">behaviour<span class=\"_ _1\"></span> in stressed conditions. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs857\">At 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>the liquidity buffer<span class=\"_ _0\"></span> comprised the following on and o<span class=\"_ _1\"></span>ff balance sheet asse<span class=\"_ _1\"></span>ts. All <span class=\"_ _1\"></span>these assets ar<span class=\"_ _1\"></span>e held within </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs858\">Paragon Bank. Balances <span class=\"_ _1\"></span>with central banks ar<span class=\"_ _1\"></span>e immediately<span class=\"_ _1\"></span> available, <span class=\"_ _1\"></span>while investment<span class=\"_ _1\"></span> securities can be readily<span class=\"_ _1\"></span> monetised with <span class=\"_ _1\"></span>third </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs859\">parties, thr<span class=\"_ _1\"></span>ough repo <span class=\"_ _1\"></span>transactions, or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> use of Bank<span class=\"_ _1\"></span> of England liquidity<span class=\"_ _1\"></span> facilities.<span class=\"_ _393\"> </span></div><div class=\"gs85a\"><table class=\"s w439 h12b\" id=\"_cff4fb1a-5663-4a1d-9d46-413b6ed0497f\"><tr><td></td><td></td><td class=\"c n x3b9 y3c44 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c44 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w115 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Balances with central bank<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x25c y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,110.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c4f w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,207.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3f y3c45 w76 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b5 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe40 y3c45 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w43a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal on balance sheet liquidity<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x5f2 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,736.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe41 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,635.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w43b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Long / short repo tr<span class=\"_ _1\"></span>ansaction<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c47 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c47 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3d0 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,886.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d1 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,785.3<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs85b\">Balances with central banks abo<span class=\"_ _1\"></span>ve ex<span class=\"_ _1\"></span>clude gr<span class=\"_ _1\"></span>oup tr<span class=\"_ _1\"></span>easury balances placed on deposit at <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England thr<span class=\"_ _1\"></span>ough Parag<span class=\"_ _1\"></span>on Bank </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs85c\">(note 25).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs85d\">Paragon Bank<span class=\"_ _1\"></span> manages its Liquidity<span class=\"_ _1\"></span> Cover<span class=\"_ _1\"></span>age Ratio (\u2018L<span class=\"_ _1\"></span>CR\u2019), the le<span class=\"_ _1\"></span>vel of<span class=\"_ _0\"></span> its High Quality Liquid Assets (\u2018HQLA<span class=\"_ _0\"></span>\u2019) r<span class=\"_ _1\"></span>elative t<span class=\"_ _1\"></span>o its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs85e\">short-term <span class=\"_ _1\"></span>forecast<span class=\"_ _1\"></span> net cash outflow<span class=\"_ _1\"></span>s, in a stressed scenario. <span class=\"_ _0\"></span>A minimum lev<span class=\"_ _1\"></span>el of L<span class=\"_ _0\"></span>CR is set by <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or all r<span class=\"_ _1\"></span>egulated financial </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs85f\">institutions. As at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2025, the Bank\u2019<span class=\"_ _0\"></span>s L<span class=\"_ _1\"></span>CR was comf<span class=\"_ _1\"></span>ortably abo<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ed minimum regulatory<span class=\"_ _1\"></span> standard. <span class=\"_ _0\"></span>The Bank </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs860\">also manages its Net Stable F<span class=\"_ _0\"></span>unding Ratio (\u2018NSFR\u2019) which measures <span class=\"_ _1\"></span>the stability o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the funding pr<span class=\"_ _1\"></span>ofile in relation <span class=\"_ _1\"></span>to the composition </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs861\">of its asse<span class=\"_ _1\"></span>ts and off balance shee<span class=\"_ _1\"></span>t activities.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs862\">Liquidity is not<span class=\"_ _1\"></span> regulated at Gr<span class=\"_ _1\"></span>oup lev<span class=\"_ _1\"></span>el.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs864\">Borrowings<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs865\">Set out below<span class=\"_ _1\"></span> is the contr<span class=\"_ _1\"></span>actual maturity pr<span class=\"_ _1\"></span>ofile of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s and the Company\u2019<span class=\"_ _0\"></span>s borrowings at 30 Sept<span class=\"_ _1\"></span>ember 2025 and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs866\">30 September<span class=\"_ _1\"></span> 2024 based on their<span class=\"_ _1\"></span> carrying v<span class=\"_ _1\"></span>alues.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs867\">The Group<span class=\"_ _393\"> </span></div><div class=\"gs868\"><table class=\"s w43c h12f\" id=\"_1396cb17-5a24-4fb0-a313-e640b6f8a474\"><tr><td></td><td></td><td></td><td class=\"t m0 x313 h4e y3e28 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities falling due:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xe0b h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">In one year </td><td class=\"t m0 xe0c h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0d h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0e h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 x316 h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xe0f h4e y3e2a ff49 fs4 fc1 sc0 ls0 ws0\">or less, or on </td><td class=\"t m0 x9d3 h4e y3e2a ff49 fs4 fc1 sc0 ls0 ws0\">one year<span class=\"_ _0\"></span>, but </td><td class=\"t m0 xe10 h4e y3e2a ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s but </td><td class=\"t m0 x8af h4e y3e2a ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s </td><td></td></tr><tr><td></td><td class=\"t m0 x96b h4e y3e2b ff49 fs4 fc1 sc0 ls0 ws0\">demand </td><td class=\"t m0 xe11 h4e y3e2b ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td class=\"t m0 xe12 h4e y3e2b ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x313 h4e y3e2c ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td class=\"t m0 xe13 h4e y3e2c ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e2d ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3da4 w43d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank overdr<span class=\"_ _1\"></span>afts<span class=\"_ _393\"> </span></div></td><td class=\"c n xe42 y3da4 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ff y3da4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x889 y3da4 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3da4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3da4 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xe43 y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b7 y3c9b w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe44 y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c9b w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf0 w212 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xe45 y3cf0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe46 y3cf0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3cf0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe48 y3cf0 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x392 y3cf0 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da6 w68 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe49 y3da6 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">944.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3da6 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4a y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4b y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4c y3da6 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">950.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf2 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4d y3cf2 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4e y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4f y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe50 y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1d y3cf2 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w2ae hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe51 y3ca3 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3ca3 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x51f y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,047.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe52 y3cf3 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe53 y3cf3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">501.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe54 y3cf3 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe55 y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,706.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e2e ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w43d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Bank overdr<span class=\"_ _1\"></span>afts<span class=\"_ _393\"> </span></div></td><td class=\"c n xe42 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe46 y3c63 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3c63 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe56 y3c63 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb21 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w64 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xe43 y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84c y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84d y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84e y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w212 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xe45 y3c4f w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe46 y3c4f w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3c4f w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe48 y3c4f w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe57 y3c4f w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w68 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe58 y3c98 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x52d y3c98 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">744.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fd y3c98 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe59 y3c98 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c98 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">755.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w69 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4d y3c62 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d2 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5a y3c62 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5b y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xc69 y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2ae hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe51 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5c y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5d y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5e y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe5f y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">108.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe60 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">746.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe61 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe62 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe63 y3c48 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,013.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs869\">The Company<span class=\"_ _393\"> </span></div><div class=\"gs86a\"><table class=\"s w26f h130\" id=\"_c01cbd13-2270-42c2-bf0c-30505e228ca7\"><tr><td></td><td></td><td></td><td class=\"t m0 x313 h4e y3e2f ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities falling due:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xe0b h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">In one year </td><td class=\"t m0 xe0c h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0d h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td></td><td class=\"t m0 xe0e h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 x316 h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xe0f h4e y3e31 ff49 fs4 fc1 sc0 ls0 ws0\">or less, or on </td><td class=\"t m0 x9d3 h4e y3e31 ff49 fs4 fc1 sc0 ls0 ws0\">one year<span class=\"_ _0\"></span>, but </td><td class=\"t m0 xe10 h4e y3e31 ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s but </td><td></td><td class=\"t m0 x8af h4e y3e31 ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s </td><td></td></tr><tr><td></td><td class=\"t m0 x96b h4e y3e32 ff49 fs4 fc1 sc0 ls0 ws0\">demand </td><td class=\"t m0 xe11 h4e y3e32 ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td class=\"t m0 xe12 h4e y3e32 ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x313 h4e y3e33 ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td class=\"t m0 xe13 h4e y3e33 ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4f6 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e34 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cd9 w212 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xe45 y3cd9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe46 y3cd9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3cd9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe48 y3cd9 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x392 y3cd9 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cda w2ae hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe51 y3cda w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3cda w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3cda w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x358 y3cda w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x454 y3cda w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe64 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe65 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe66 y3d7c w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">153.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe67 y3d7c w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e35 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w212 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xe45 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe46 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe48 y3c62 w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe57 y3c62 w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2ae hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe51 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5c y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe68 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x65f y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe69 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe6a y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe6b y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">154.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe6c y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.0<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs86b\">IFRS 7 requires <span class=\"_ _1\"></span>the disclosure o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>future contractual cash <span class=\"_ _1\"></span>flows (including int<span class=\"_ _1\"></span>erest) on <span class=\"_ _1\"></span>these borrowings, and <span class=\"_ _1\"></span>these are described and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs4d7\">set out on <span class=\"_ _1\"></span>the follo<span class=\"_ _1\"></span>wing pages.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff13 fs4 fc1 sc0 ls0 ws0 gs86d\">Securitisation<span class=\"ff6\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs86e\">While the Gr<span class=\"_ _1\"></span>oup has sev<span class=\"_ _1\"></span>eral issues of<span class=\"_ _1\"></span> asset-backed loan no<span class=\"_ _1\"></span>tes outstanding, which ar<span class=\"_ _1\"></span>e rated and publicly<span class=\"_ _1\"></span> listed, at 30 September<span class=\"_ _0\"></span> 2025 </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs86f\">all of <span class=\"_ _1\"></span>these w<span class=\"_ _1\"></span>ere held internally<span class=\"_ _1\"></span> and ar<span class=\"_ _1\"></span>e available <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> use as security <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> other borr<span class=\"_ _1\"></span>owings, as described under<span class=\"_ _1\"></span> \u2018additional liquidity\u2019 belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs870\">The Group has hist<span class=\"_ _1\"></span>orically used securitisation as a principal sour<span class=\"_ _1\"></span>ce of<span class=\"_ _1\"></span> funding, but curr<span class=\"_ _1\"></span>ently only<span class=\"_ _1\"></span> accesses this mark<span class=\"_ _1\"></span>et on a strat<span class=\"_ _1\"></span>egic </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs871\">basis with no external balances outstanding at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2025 or 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _1\"></span>. In a securitisation an SPV<span class=\"_ _1\"></span> company <span class=\"_ _1\"></span>within </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs872\">the Group <span class=\"_ _1\"></span>will issue asset back<span class=\"_ _1\"></span>ed loan notes secured on a pool o<span class=\"_ _1\"></span>f mortgag<span class=\"_ _1\"></span>e or o<span class=\"_ _1\"></span>ther loan assets beneficially<span class=\"_ _0\"></span> owned by <span class=\"_ _1\"></span>the SPV<span class=\"_ _1\"></span> either </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs873\">to external inv<span class=\"_ _1\"></span>estors in a public off<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, or to another<span class=\"_ _1\"></span> gr<span class=\"_ _1\"></span>oup company<span class=\"_ _0\"></span>. Notes held internally can be used as security <span class=\"_ _1\"></span>to access other<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs874\">funding sources.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs875\">The notes hav<span class=\"_ _1\"></span>e a maturity dat<span class=\"_ _1\"></span>e later <span class=\"_ _1\"></span>than the <span class=\"_ _1\"></span>final repayment<span class=\"_ _1\"></span> date for<span class=\"_ _0\"></span> any asset in the pool, <span class=\"_ _1\"></span>typically o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> thirty<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>years fr<span class=\"_ _1\"></span>om the issue </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs876\">date. T<span class=\"_ _1\"></span>he noteholders ar<span class=\"_ _1\"></span>e entitled to r<span class=\"_ _1\"></span>eceive r<span class=\"_ _1\"></span>epayment of<span class=\"_ _0\"></span> the note principal fr<span class=\"_ _1\"></span>om principal funds generat<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the loan assets </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs877\">from <span class=\"_ _1\"></span>time to <span class=\"_ _1\"></span>time, but their<span class=\"_ _1\"></span> right <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>epayment of<span class=\"_ _1\"></span> principal is limited t<span class=\"_ _1\"></span>o the cash av<span class=\"_ _1\"></span>ailable in the SPV<span class=\"_ _0\"></span>. It is <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>that a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs878\">substantial proportion of<span class=\"_ _0\"></span> the notes will be r<span class=\"_ _1\"></span>epaid within <span class=\"_ _1\"></span>five y<span class=\"_ _1\"></span>ears.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs879\">Similarly<span class=\"_ _1\"></span>, payment o<span class=\"_ _1\"></span>f accrued inter<span class=\"_ _1\"></span>est t<span class=\"_ _1\"></span>o the noteholders is limit<span class=\"_ _1\"></span>ed to cash gener<span class=\"_ _1\"></span>ated within <span class=\"_ _1\"></span>the SPV<span class=\"_ _0\"></span>. T<span class=\"_ _1\"></span>here is no r<span class=\"_ _1\"></span>equirement <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs87a\">any<span class=\"_ _1\"></span> group company<span class=\"_ _1\"></span> other<span class=\"_ _1\"></span> than <span class=\"_ _1\"></span>the issuing SPV<span class=\"_ _1\"></span> to mak<span class=\"_ _1\"></span>e principal or int<span class=\"_ _1\"></span>erest pa<span class=\"_ _1\"></span>yments in respect of<span class=\"_ _0\"></span> the notes. T<span class=\"_ _1\"></span>his matching of <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs87b\">maturities of <span class=\"_ _1\"></span>the assets and <span class=\"_ _1\"></span>the related <span class=\"_ _1\"></span>funding substantially r<span class=\"_ _1\"></span>educes the SPV\u2019<span class=\"_ _0\"></span>s exposur<span class=\"_ _1\"></span>e to liquidity<span class=\"_ _1\"></span> risk. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs87c\">The Group also has an op<span class=\"_ _1\"></span>tion to r<span class=\"_ _1\"></span>epay<span class=\"_ _1\"></span> all the notes on an<span class=\"_ _1\"></span>y issue at an earlier<span class=\"_ _0\"></span> date (the \u2018call date<span class=\"_ _1\"></span>\u2019), at their<span class=\"_ _1\"></span> outstanding principal amount.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs87d\">The Group publishes de<span class=\"_ _1\"></span>tailed information on the perf<span class=\"_ _1\"></span>ormance of all its no<span class=\"_ _1\"></span>te issues on the Bond Inv<span class=\"_ _1\"></span>estor<span class=\"_ _1\"></span> Reporting section of<span class=\"_ _1\"></span> its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws30 gs87e\">website at www<span class=\"_ _1\"></span>.paragonbankinggr<span class=\"_ _1\"></span>oup.co.uk. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs87f\">In each case the Gr<span class=\"_ _1\"></span>oup pro<span class=\"_ _1\"></span>vides funding t<span class=\"_ _1\"></span>o the SPV<span class=\"_ _0\"></span> at inception, subordinated to <span class=\"_ _1\"></span>the notes, <span class=\"_ _1\"></span>which means that <span class=\"_ _1\"></span>the primary cr<span class=\"_ _1\"></span>edit risk </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs880\">on the pool assets is r<span class=\"_ _1\"></span>etained within <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he Group r<span class=\"_ _1\"></span>eceives the r<span class=\"_ _0\"></span>esidual income generated by <span class=\"_ _1\"></span>the assets. <span class=\"_ _1\"></span>These fact<span class=\"_ _1\"></span>ors mean </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs881\">that the risks and r<span class=\"_ _1\"></span>ew<span class=\"_ _1\"></span>ards o<span class=\"_ _1\"></span>f owner<span class=\"_ _1\"></span>ship of <span class=\"_ _1\"></span>the assets r<span class=\"_ _1\"></span>emain with the Gr<span class=\"_ _1\"></span>oup, and hence <span class=\"_ _1\"></span>the loans remain on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s balance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs882\">sheet, whether<span class=\"_ _0\"></span> the notes are issued ext<span class=\"_ _1\"></span>ernally or<span class=\"_ _1\"></span> retained.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs883\">Cash receiv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om time t<span class=\"_ _1\"></span>o time in each SPV<span class=\"_ _0\"></span> is held until the next interest pa<span class=\"_ _1\"></span>yment date when, <span class=\"_ _1\"></span>following pa<span class=\"_ _1\"></span>yment of<span class=\"_ _1\"></span> principal, interest<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs884\">and the associated costs of<span class=\"_ _0\"></span> the SPV<span class=\"_ _0\"></span>, the remaining balances become a<span class=\"_ _1\"></span>vailable t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup. Cash balances are also held <span class=\"_ _1\"></span>within each </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs885\">SPV<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>ovide cr<span class=\"_ _1\"></span>edit enhancement f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the particular securitisation, allo<span class=\"_ _1\"></span>wing interest<span class=\"_ _1\"></span> and principal payments to be made e<span class=\"_ _1\"></span>ven if<span class=\"_ _1\"></span> some </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs886\">of <span class=\"_ _1\"></span>the loans default. <span class=\"_ _1\"></span>The cash balances of<span class=\"_ _1\"></span> the SP<span class=\"_ _1\"></span>V companies ar<span class=\"_ _1\"></span>e included within <span class=\"_ _1\"></span>the restrict<span class=\"_ _1\"></span>ed cash balances disclosed in note 14 as </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs887\">\u2018securitisation cash<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs888\">Rated notes in issue at 30 Sept<span class=\"_ _1\"></span>ember 2025 and 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _1\"></span>, which <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e all held by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, wer<span class=\"_ _0\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"gs889\"><table class=\"s w21a h131\" id=\"_ac7d8a25-18c1-4939-90ec-e15dbeb80f1a\"><tr><td class=\"c n x1a7 y3e36 w43e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Issuer<span class=\"_ _393\"> </span></div></td><td class=\"c n xe6d y3e36 w43f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maturity date<span class=\"_ _393\"> </span></div></td><td class=\"c n xe6e y3e36 w440 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Call date<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe6f y3e36 w441 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal outstanding<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3cb y3e37 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3e37 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3bb y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w442 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 27) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xe70 y3c45 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/04/47<span class=\"_ _393\"> </span></div></td><td class=\"c n xe71 y3c45 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/10/25<span class=\"_ _393\"> </span></div></td><td class=\"c n xe72 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">478.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">595.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w442 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 28) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xe70 y3c50 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/47<span class=\"_ _393\"> </span></div></td><td class=\"c n xe71 y3c50 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/25<span class=\"_ _393\"> </span></div></td><td class=\"c n xe72 y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">586.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w442 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 29) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xe70 y3c65 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/55<span class=\"_ _393\"> </span></div></td><td class=\"c n xe71 y3c65 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/28<span class=\"_ _393\"> </span></div></td><td class=\"c n xe72 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">855.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">855.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3d0 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,843.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d1 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,036.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs88a\">Interest is pa<span class=\"_ _1\"></span>yable on <span class=\"_ _1\"></span>the notes at a fix<span class=\"_ _1\"></span>ed margin abo<span class=\"_ _1\"></span>ve the compounded S<span class=\"_ _1\"></span>terling Overnight Int<span class=\"_ _1\"></span>erbank <span class=\"_ _1\"></span>Aver<span class=\"_ _1\"></span>age Rate (\u2018SONIA<span class=\"_ _0\"></span>\u2019) and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs88b\">they<span class=\"_ _1\"></span> are all denominated in st<span class=\"_ _1\"></span>erling.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs88c\">The details of<span class=\"_ _1\"></span> the assets backing <span class=\"_ _1\"></span>these securities are giv<span class=\"_ _1\"></span>en in note 16.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs88d\">On 15 October 2025, aft<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear end, <span class=\"_ _1\"></span>the Group r<span class=\"_ _1\"></span>edeemed all the outstanding no<span class=\"_ _1\"></span>tes of <span class=\"_ _1\"></span>the Parag<span class=\"_ _1\"></span>on Mortgages (No. 27) PL<span class=\"_ _0\"></span>C </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs88e\">securitisation at par<span class=\"_ _0\"></span>. The underlying assets <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e subsequently <span class=\"_ _1\"></span>funded by<span class=\"_ _1\"></span> other gr<span class=\"_ _1\"></span>oup companies. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs88f\">Notice has been given <span class=\"_ _1\"></span>to noteholders <span class=\"_ _1\"></span>that the Gr<span class=\"_ _1\"></span>oup will r<span class=\"_ _1\"></span>edeem all the outstanding no<span class=\"_ _1\"></span>tes of<span class=\"_ _1\"></span> the Parag<span class=\"_ _1\"></span>on Mortgages (No. 28) PL<span class=\"_ _0\"></span>C </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs890\">securitisation at par on 15 December<span class=\"_ _0\"></span> 2025, after the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs891\">On 26 June 2019<span class=\"_ _0\"></span>, the Group disposed of<span class=\"_ _1\"></span> its beneficial inter<span class=\"_ _1\"></span>est in the Par<span class=\"_ _1\"></span>agon Mortgages (No<span class=\"_ _1\"></span>. 12) PL<span class=\"_ _1\"></span>C (\u2018PM 12\u2019) securitisation. <span class=\"_ _1\"></span>At that<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs892\">point, the liabilities in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the PM 12 loan notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e derecognised b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group, although <span class=\"_ _1\"></span>the notes r<span class=\"_ _1\"></span>emain in issue. <span class=\"_ _1\"></span>The </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs893\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s continuing involv<span class=\"_ _1\"></span>ement in the <span class=\"_ _1\"></span>transaction is described in note 49<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs895\">Corporate debt<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs896\">The Group issued \u00a3150<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0m of <span class=\"_ _1\"></span>tier<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>2 debt in March 2021. <span class=\"_ _0\"></span>This bond is optionally callable between 25 <span class=\"_ _0\"></span>June 2026 and 25 September 2026 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs897\">and has a final maturity<span class=\"_ _1\"></span> date of<span class=\"_ _1\"></span> 25 September<span class=\"_ _1\"></span> 2031.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs898\">On 24 F<span class=\"_ _0\"></span>ebruary 2025, Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C established a cov<span class=\"_ _1\"></span>ered bond pr<span class=\"_ _1\"></span>ogramme, regulat<span class=\"_ _1\"></span>ed and appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Financial Conduct </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs899\">Authority (\u2018F<span class=\"_ _0\"></span>CA<span class=\"_ _1\"></span>\u2019). Under<span class=\"_ _1\"></span> this pr<span class=\"_ _1\"></span>ogramme, Paragon Bank<span class=\"_ _1\"></span> has the ability<span class=\"_ _1\"></span> to issue a <span class=\"_ _1\"></span>total of<span class=\"_ _1\"></span> up to \u00a35,<span class=\"_ _0\"></span>000.0m of<span class=\"_ _1\"></span> bonds, secured on a pool </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs89a\">of mortg<span class=\"_ _1\"></span>age assets, <span class=\"_ _1\"></span>when market conditions ar<span class=\"_ _1\"></span>e acceptable, <span class=\"_ _1\"></span>with a relativ<span class=\"_ _1\"></span>e short prepar<span class=\"_ _1\"></span>ation and lead time. <span class=\"_ _1\"></span>The Group has so <span class=\"_ _1\"></span>far<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs89b\">made one issue under <span class=\"_ _1\"></span>this progr<span class=\"_ _1\"></span>amme, with \u00a3500<span class=\"_ _1\"></span>.0m of<span class=\"_ _1\"></span> principal currently<span class=\"_ _0\"></span> outstanding (note 32).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs89c\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s ability <span class=\"_ _1\"></span>to issue debt is supported b<span class=\"_ _1\"></span>y its public cr<span class=\"_ _1\"></span>edit ratings issued b<span class=\"_ _1\"></span>y Fitch and Moody\u2019<span class=\"_ _0\"></span>s, which incr<span class=\"_ _1\"></span>ease the r<span class=\"_ _1\"></span>ange of<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs89d\">funding solutions available. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs89e\">On 6 F<span class=\"_ _0\"></span>ebruary 2025, Fitch Ratings affirmed the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Long-<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>erm Issuer<span class=\"_ _1\"></span> Default Rating at BBB+, <span class=\"_ _1\"></span>with a stable outlook. It also </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs89f\">affirmed the senior<span class=\"_ _1\"></span> unsecured deb<span class=\"_ _1\"></span>t rating at BBB and its BBB+ L<span class=\"_ _1\"></span>ong-term Issuer<span class=\"_ _1\"></span> Default Rating <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> Paragon Bank.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8a0\">On 29 November<span class=\"_ _0\"></span> 2024, Moody\u2019<span class=\"_ _0\"></span>s Investors Service commenced cov<span class=\"_ _1\"></span>erage of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, assigning a long-<span class=\"_ _1\"></span>term issuer<span class=\"_ _1\"></span> rating of<span class=\"_ _1\"></span> Baa3 to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8a1\">the Group and a long<span class=\"_ _1\"></span>-term deposit rating o<span class=\"_ _1\"></span>f Baa2 <span class=\"_ _1\"></span>to Parag<span class=\"_ _1\"></span>on Bank. These r<span class=\"_ _1\"></span>atings wer<span class=\"_ _1\"></span>e affirmed by<span class=\"_ _1\"></span> Moody\u2019<span class=\"_ _0\"></span>s on 9 October 2025, after<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws13 gs8a2\">the year<span class=\"_ _1\"></span> end.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws1a gs8a3\">Central bank facilities<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8a4\">The Group has accessed <span class=\"_ _1\"></span>term cr<span class=\"_ _1\"></span>edit facilities under<span class=\"_ _1\"></span> the centr<span class=\"_ _1\"></span>al bank schemes described in note 35. <span class=\"_ _1\"></span>While the majority<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8a5\">funding under <span class=\"_ _1\"></span>the TF<span class=\"_ _1\"></span>SME is repay<span class=\"_ _1\"></span>able shortly after<span class=\"_ _1\"></span> the balance sheet<span class=\"_ _1\"></span> date, the Bank o<span class=\"_ _1\"></span>f England has indicated <span class=\"_ _1\"></span>that it expects <span class=\"_ _1\"></span>firms to </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8a6\">use its other schemes, such as <span class=\"_ _1\"></span>the IL<span class=\"_ _e\"></span>TR, as part of <span class=\"_ _1\"></span>their day<span class=\"_ _1\"></span>-to-da<span class=\"_ _1\"></span>y liquidity<span class=\"_ _1\"></span> management operations. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup has prepositioned </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8a7\">further assets <span class=\"_ _1\"></span>with the Bank<span class=\"_ _1\"></span> of England <span class=\"_ _1\"></span>which can be used to r<span class=\"_ _1\"></span>elease mor<span class=\"_ _1\"></span>e funds under<span class=\"_ _1\"></span> these schemes f<span class=\"_ _1\"></span>or liquidity<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> other purposes. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8a8\">At 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>the amount of<span class=\"_ _1\"></span> drawings av<span class=\"_ _1\"></span>ailable in respect o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>epositioned assets w<span class=\"_ _1\"></span>as \u00a34,<span class=\"_ _0\"></span>168.3m (2024: \u00a34,445.9m<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs8a9\">Additional liquidity<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8aa\">The Group holds certain o<span class=\"_ _1\"></span>f its o<span class=\"_ _1\"></span>wn listed, externally<span class=\"_ _1\"></span> rated, asset back<span class=\"_ _1\"></span>ed securities which ma<span class=\"_ _1\"></span>y be used as security<span class=\"_ _1\"></span> to access <span class=\"_ _1\"></span>term </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8ab\">credit and o<span class=\"_ _1\"></span>ther <span class=\"_ _1\"></span>facilities, including those off<span class=\"_ _1\"></span>ered b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England. T<span class=\"_ _1\"></span>he principal v<span class=\"_ _1\"></span>alue of <span class=\"_ _1\"></span>these notes is analy<span class=\"_ _1\"></span>sed by<span class=\"_ _1\"></span> credit </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8ac\">grade and utilisation status below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs8ad\"><table class=\"s w443 he1\" id=\"_0db4d1a8-f38c-4502-a6d9-0a06122b7db6\"><tr><td></td><td></td><td class=\"c n xe5f y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xe73 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xe74 y3c43 w444 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Utilised<span class=\"_ _393\"> </span></div></td><td class=\"c n xe75 y3c43 w445 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable<span class=\"_ _393\"> </span></div></td><td class=\"c n xe76 y3c43 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n xe77 y3c43 w446 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Utilised<span class=\"_ _393\"> </span></div></td><td class=\"c n xe78 y3c43 w447 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable<span class=\"_ _393\"> </span></div></td><td class=\"c n xe79 y3c43 w448 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _e\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe7a y3c63 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7b y3c63 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7c y3c63 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7d y3c63 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7e y3c63 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7f y3c63 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e38 ff49 fs4 fc1 sc0 ls0 ws0\">Rating<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w41f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">AAA<span class=\"_ _393\"> </span></div></td><td class=\"c n xe80 y3c4f w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">215.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe81 y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,353.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf3 y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,568.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ef y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">225.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xe82 y3c4f w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,536.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe83 y3c4f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,761.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w449 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">AA+ / AA / AA-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe84 y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe85 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">109.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x86a y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">115.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x35a y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc77 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">109.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe86 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">115.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w44a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">A+ / A / A-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe87 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe88 y3c50 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">70.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe89 y3c50 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">73.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ef y3c50 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">70.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w44b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">BBB+ / BBB / BBB-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8a y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8b y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5da y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">85.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd8 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">81.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">85.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe8d y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">229.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8e y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,614.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8f y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,843.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe90 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">239.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe91 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,797.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe92 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,036.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8ae\">As these notes ar<span class=\"_ _1\"></span>e held internally<span class=\"_ _0\"></span>, they<span class=\"_ _1\"></span> are not<span class=\"_ _1\"></span> included in balance sheet liabilities. Mortgage asse<span class=\"_ _1\"></span>ts backing these securities r<span class=\"_ _1\"></span>emain </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8af\">on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s balance sheet and are included in amounts pledged as collateral in no<span class=\"_ _1\"></span>te 16.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b0\">Utilised notes includes those <span class=\"_ _1\"></span>which the Gr<span class=\"_ _1\"></span>oup is obliged <span class=\"_ _1\"></span>to hold under r<span class=\"_ _1\"></span>egulations go<span class=\"_ _1\"></span>verning securitisation issuance.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b1\">The av<span class=\"_ _1\"></span>ailable AAA<span class=\"_ _0\"></span> notes would giv<span class=\"_ _1\"></span>e access to \u00a31,<span class=\"_ _1\"></span>055.5m (2024: \u00a3751.9m<span class=\"_ _1\"></span>) if used <span class=\"_ _1\"></span>to secure dr<span class=\"_ _1\"></span>awings on Bank of<span class=\"_ _1\"></span> England facilities.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b2\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s holdings of<span class=\"_ _1\"></span> investment securities (<span class=\"_ _1\"></span>note 15) ar<span class=\"_ _1\"></span>e also available <span class=\"_ _1\"></span>to access t<span class=\"_ _1\"></span>erm credit and other<span class=\"_ _0\"></span> facilities in a similar w<span class=\"_ _1\"></span>ay<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b3\">During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2020, <span class=\"_ _1\"></span>the Group enter<span class=\"_ _1\"></span>ed into a back<span class=\"_ _1\"></span>-to-back<span class=\"_ _1\"></span> long / short sale and repur<span class=\"_ _1\"></span>chase (\u2018repo<span class=\"_ _0\"></span>\u2019) </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b4\">transaction with a UK<span class=\"_ _1\"></span> bank which continued <span class=\"_ _1\"></span>throughout<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. This pro<span class=\"_ _1\"></span>vides \u00a3150.<span class=\"_ _1\"></span>0m of<span class=\"_ _1\"></span> liquidity (2024: \u00a3150<span class=\"_ _0\"></span>.0m), utilising </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b5\">\u00a326.5m of <span class=\"_ _1\"></span>the loan notes sho<span class=\"_ _1\"></span>wn above (2024: \u00a326.5m<span class=\"_ _1\"></span>), but does not appear<span class=\"_ _0\"></span> on the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s balance sheet.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b6\">The Group also r<span class=\"_ _1\"></span>egularly<span class=\"_ _1\"></span> enters into short-t<span class=\"_ _1\"></span>erm repo <span class=\"_ _1\"></span>transactions and maintains the capability<span class=\"_ _1\"></span> to access <span class=\"_ _1\"></span>the repo mark<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>with a range </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b7\">of count<span class=\"_ _1\"></span>erparties for<span class=\"_ _1\"></span> liquidity purposes, as r<span class=\"_ _0\"></span>equired. T<span class=\"_ _e\"></span>ransactions in place at 30 September 2025 (<span class=\"_ _1\"></span>note 36) utilised \u00a3110.4m o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the loan </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8b8\">notes shown abo<span class=\"_ _1\"></span>ve (2024: \u00a3111.0m).<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws1a gs8ba\">Contractual cash flows<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8bb\">The to<span class=\"_ _1\"></span>tal undiscounted amounts, inclusive of<span class=\"_ _1\"></span> estimated inter<span class=\"_ _1\"></span>est, which <span class=\"_ _1\"></span>would be pay<span class=\"_ _1\"></span>able in respect<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the non-securitisation </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8bc\">borro<span class=\"_ _1\"></span>wings of <span class=\"_ _1\"></span>the Group and <span class=\"_ _1\"></span>the Company<span class=\"_ _0\"></span>, should those balances remain outstanding until <span class=\"_ _1\"></span>the contracted r<span class=\"_ _1\"></span>epayment date, or<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8bd\">earliest date on which r<span class=\"_ _1\"></span>epayment can be r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed, are set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gs8be\"><table class=\"s w44c h132\" id=\"_b954435c-4ebe-4e8c-98a9-2658c7856a5d\"><tr><td></td><td class=\"t m0 xe93 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Corpora<span class=\"_ _1\"></span>te<span class=\"_ _393\"> </span></td><td class=\"t m0 xe94 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Covered<span class=\"_ _393\"> </span></td><td class=\"t m0 xe95 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Central bank </td><td class=\"t m0 xe96 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Sale and </td><td class=\"t m0 xe97 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Lease<span class=\"_ _393\"> </span></td><td class=\"t m0 x376 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xe98 h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">bonds<span class=\"_ _393\"> </span></td><td class=\"t m0 xe99 h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">bonds<span class=\"_ _393\"> </span></td><td class=\"t m0 xe9a h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">facilities<span class=\"_ _393\"> </span></td><td class=\"t m0 xe9b h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">repurchase </td><td class=\"t m0 x9ad h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">liabilities<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 xe9c h4e y3e3b ff49 fs4 fc1 sc0 ls0 ws0\">transactions<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n xe9d y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe9e y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe9f y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xea0 y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xea1 y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xea2 y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e3d ff49 fs4 fc1 sc0 ls0 ws0\">a) The Group<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3e3e ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e3f ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3daa w44d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xea3 y3daa w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xea4 y3daa w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xea5 y3daa w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">960.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b2 y3daa w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">101.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x52b y3daa w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xea6 y3daa w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,092.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dab w44e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">One to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xea7 y3dab w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xea8 y3dab w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">20.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xea9 y3dab w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xc83 y3dab w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc9 y3dab w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeaa y3dab w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">33.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc2 w44f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>wo to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n xeab y3cc2 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xeac y3cc2 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">510.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xead y3cc2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bf y3cc2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xeae y3cc2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc69 y3cc2 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">532.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc3 w450 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Over five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xeaf y3cc3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">156.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb0 y3cc3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb1 y3cc3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb2 y3cc3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xd92 y3cc3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb3 y3cc3 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">156.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xbb3 y3dad w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb4 y3dad w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">552.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x525 y3dad w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">965.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb5 y3dad w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">101.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb6 y3dad w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb7 y3dad w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,815.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e40 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e41 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc8 w44d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xea3 y3cc8 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb8 y3cc8 w84 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb9 y3cc8 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">39.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeba y3cc8 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">101.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd2 y3cc8 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b5 y3cc8 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">150.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db1 w44e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">One to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xea7 y3db1 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xebb y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fe y3db1 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">752.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x381 y3db1 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x35e y3db1 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a8 y3db1 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">761.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db2 w44f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>wo to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n xeab y3db2 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xebc y3db2 w84 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xebd y3db2 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xebe y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd2 y3db2 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3db2 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">28.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e42 w450 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Over five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xeaf y3e42 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">163.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xebf y3e42 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xec0 y3e42 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xec1 y3e42 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xec2 y3e42 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe06 y3e42 w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">163.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xbb3 y3ccc w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">195.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xec3 y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xec4 y3ccc w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">797.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x31f y3ccc w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">101.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe04 y3ccc w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1,102.9<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs8bf\"><table class=\"s w451 h133\" id=\"_d297d2dd-7fa3-437e-ab23-0d1e76dd71d3\"><tr><td></td><td class=\"t m0 x620 h4e y3e43 ff49 fs4 fc1 sc0 ls0 ws0\">Corpora<span class=\"_ _1\"></span>te </td><td class=\"t m0 xe97 h4e y3e43 ff49 fs4 fc1 sc0 ls0 ws0\">Lease </td><td class=\"t m0 x376 h4e y3e43 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xec5 h4e y3e44 ff49 fs4 fc1 sc0 ls0 ws0\">bonds<span class=\"_ _393\"> </span></td><td class=\"t m0 x9ad h4e y3e44 ff49 fs4 fc1 sc0 ls0 ws0\">liabilities<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x37a y3dca w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3dca w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3dca w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e45 ff49 fs4 fc1 sc0 ls0 ws0\">b) The Company<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3e46 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e47 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d91 w44d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xec6 y3d91 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf8 y3d91 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf9 y3d91 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e48 w44e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">One to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xdaa y3e48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xda8 y3e48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xda9 y3e48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w44f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>wo to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x628 y3ca3 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xec7 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3aa y3ca3 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf3 w450 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Over five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xec8 y3cf3 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">156.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fd y3cf3 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3cf3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">159.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4cb y3d31 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xec9 y3d31 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xeca y3d31 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">201.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e49 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e4a ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w44d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xec6 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xecb y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xc28 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w44e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">One to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xdaa y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c5 y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fa y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w44f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>wo to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x628 y3c50 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3c50 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43e y3c50 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w450 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Over five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xec8 y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">163.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xecc y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xce9 y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">167.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4cb y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">195.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xecd y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xece y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">209.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8c0\">Amounts payable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the \u2018<span class=\"_ _0\"></span>other accruals\u2019 and \u2018trade cr<span class=\"_ _1\"></span>editors<span class=\"_ _1\"></span>\u2019 shown in note 37 <span class=\"_ _1\"></span>fall due within one <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. T<span class=\"_ _1\"></span>he cash flow<span class=\"_ _1\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8c1\">described above <span class=\"_ _1\"></span>will include those <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> on borrowings accrued at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2025 disclosed in note 37<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8c3\">The cash flo<span class=\"_ _1\"></span>ws which ar<span class=\"_ _1\"></span>e expected <span class=\"_ _1\"></span>to arise fr<span class=\"_ _1\"></span>om derivativ<span class=\"_ _1\"></span>e contracts in place at <span class=\"_ _1\"></span>the year<span class=\"_ _0\"></span> end, estimating future floating rat<span class=\"_ _1\"></span>e payments </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8c4\">and receipts on <span class=\"_ _1\"></span>the basis of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>yield curve at <span class=\"_ _1\"></span>the balance sheet date ar<span class=\"_ _1\"></span>e as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _393\"> </span></div><div class=\"gs348\"><table class=\"s w214 h134\" id=\"_48252962-16a3-414d-b0ed-af7d9b35c098\"><tr><td></td><td class=\"c n x36b y3e4b w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3e4b w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xecf h4e y3e4c ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal cash </td><td class=\"t m0 xed0 h52 y3e4c ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal cash </td></tr><tr><td></td><td class=\"t m0 xed1 h4e y3e4d ff49 fs4 fc1 sc0 ls0 ws0\">outflow / (inflow)<span class=\"_ _393\"> </span></td><td class=\"t m0 xed2 h52 y3e4d ff4a fs4 fc1 sc0 ls0 ws0\">outflow / (inflow)<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"c n x250 y3c3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c3c w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e4e ff49 fs4 fc1 sc0 ls0 ws0\">On derivativ<span class=\"_ _1\"></span>e liabilities<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3e w452 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xed3 y3c3e w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">42.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c3e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w436 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in one to tw<span class=\"_ _1\"></span>o years<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c60 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c60 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w437 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in two t<span class=\"_ _1\"></span>o five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xed4 y3c40 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xed5 y3c40 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">52.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w453 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in over fiv<span class=\"_ _1\"></span>e year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xed6 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3c41 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4a1 y3c42 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">80.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xed7 y3c42 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">112.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e4f ff49 fs4 fc1 sc0 ls0 ws0\">On derivativ<span class=\"_ _1\"></span>e assets<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w452 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x49a y3c63 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(79.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x1ad y3c63 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(117.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w436 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in one to tw<span class=\"_ _1\"></span>o years<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c4e w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(54.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xed8 y3c4e w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(106.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w437 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in two t<span class=\"_ _1\"></span>o five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xa17 y3c4f w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(10.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a9 y3c4f w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(46.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w453 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in over fiv<span class=\"_ _1\"></span>e year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xed9 y3c45 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(71.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n xeda y3c45 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7df y3c62 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(215.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e0 y3c62 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(278.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7df y3c48 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(135.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e0 y3c48 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(166.2)<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs8c5\">61. <span class=\"_ _ce\"> </span>Mark<span class=\"_ _1\"></span>et risk<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8c6\">Market risk<span class=\"_ _1\"></span> is the risk <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue or <span class=\"_ _1\"></span>future cash <span class=\"_ _1\"></span>flows of<span class=\"_ _0\"></span> a financial instrument will fluctuate because o<span class=\"_ _1\"></span>f changes in mark<span class=\"_ _1\"></span>et </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8c7\">prices. T<span class=\"_ _1\"></span>he Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s exposure <span class=\"_ _1\"></span>to market<span class=\"_ _1\"></span> risk is mainly <span class=\"_ _1\"></span>through int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e risk, though ther<span class=\"_ _0\"></span>e is some minor exposure <span class=\"_ _1\"></span>to currenc<span class=\"_ _1\"></span>y </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8c8\">risk. T<span class=\"_ _1\"></span>hese exposures arise solely<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ough the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s lending and deposit-taking business - no speculative <span class=\"_ _1\"></span>trading in financial </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8c9\">instruments is undertaken.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs8ca\">Interest rat<span class=\"_ _1\"></span>e risk<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8cb\">Interest r<span class=\"_ _1\"></span>ate risk is <span class=\"_ _1\"></span>the current or<span class=\"_ _1\"></span> prospectiv<span class=\"_ _1\"></span>e risk t<span class=\"_ _1\"></span>o capital or earnings arising <span class=\"_ _1\"></span>from adv<span class=\"_ _1\"></span>erse movements in int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ates. T<span class=\"_ _1\"></span>he </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8cc\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s exposure <span class=\"_ _1\"></span>to this risk<span class=\"_ _1\"></span> is a natural consequence of<span class=\"_ _1\"></span> its lending, deposit-taking and other<span class=\"_ _1\"></span> borr<span class=\"_ _1\"></span>owing activities, as some of<span class=\"_ _1\"></span> its </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8cd\">financial assets and liabilities bear int<span class=\"_ _1\"></span>erest at r<span class=\"_ _1\"></span>ates which <span class=\"_ _1\"></span>float with <span class=\"_ _1\"></span>various mark<span class=\"_ _1\"></span>et rates, principally<span class=\"_ _1\"></span> SONIA, some at v<span class=\"_ _1\"></span>ariable rates, </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8ce\">controlled b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group, subject<span class=\"_ _1\"></span> to mark<span class=\"_ _1\"></span>et pressur<span class=\"_ _0\"></span>es, while others are <span class=\"_ _1\"></span>fixed, either<span class=\"_ _1\"></span> for<span class=\"_ _0\"></span> a term or f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>their <span class=\"_ _1\"></span>whole lives. Such risk<span class=\"_ _1\"></span> is </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8cf\">ref<span class=\"_ _1\"></span>erred <span class=\"_ _1\"></span>to as Interest<span class=\"_ _1\"></span> Rate Risk in the Banking Book<span class=\"_ _1\"></span> (\u2018IRRBB\u2019). The Gr<span class=\"_ _1\"></span>oup does not seek <span class=\"_ _1\"></span>to generate income <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>taking inter<span class=\"_ _1\"></span>est </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8d0\">rate risk and aims <span class=\"_ _1\"></span>to minimise exposur<span class=\"_ _1\"></span>es that occur<span class=\"_ _1\"></span> as a natural consequence of<span class=\"_ _1\"></span> carrying out its normal business activities.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8d1\">The Group balance shee<span class=\"_ _1\"></span>t also includes assets, liabilities and equity <span class=\"_ _1\"></span>which, by<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> natur<span class=\"_ _1\"></span>e, do not attract inter<span class=\"_ _1\"></span>est.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8d2\">IRRBB is managed thr<span class=\"_ _1\"></span>ough board-appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>ed risk appetite limits and policies. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup seeks to match <span class=\"_ _1\"></span>the structure o<span class=\"_ _1\"></span>f assets and<span class=\"_ _1\"></span> </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8d3\">liabilities naturally <span class=\"_ _1\"></span>wher<span class=\"_ _1\"></span>e possible or b<span class=\"_ _1\"></span>y using appr<span class=\"_ _1\"></span>opriate financial instruments, such as inter<span class=\"_ _1\"></span>est rate s<span class=\"_ _1\"></span>waps. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8d4\">In dev<span class=\"_ _1\"></span>eloping this strategy<span class=\"_ _0\"></span>, the Group also has r<span class=\"_ _1\"></span>egar<span class=\"_ _1\"></span>d to <span class=\"_ _1\"></span>the potential impact of<span class=\"_ _1\"></span> fix<span class=\"_ _1\"></span>ed rate lending and deposit pipelines, and o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8d5\">differ<span class=\"_ _1\"></span>ence in v<span class=\"_ _1\"></span>alue between t<span class=\"_ _1\"></span>otal interest<span class=\"_ _1\"></span>-earning assets and to<span class=\"_ _1\"></span>tal interest-bearing liabilities, lar<span class=\"_ _1\"></span>gely r<span class=\"_ _1\"></span>epr<span class=\"_ _1\"></span>esented by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8d6\">equity<span class=\"_ _1\"></span>, both of<span class=\"_ _1\"></span> which can lead <span class=\"_ _1\"></span>to additional exposur<span class=\"_ _1\"></span>e to inter<span class=\"_ _1\"></span>est rate mo<span class=\"_ _1\"></span>vements.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8d7\">Day-<span class=\"_ _1\"></span>to-day<span class=\"_ _1\"></span> management of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate risk is <span class=\"_ _1\"></span>the responsibility<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>reasury<span class=\"_ _0\"></span> function, with control and o<span class=\"_ _1\"></span>versight<span class=\"_ _1\"></span> </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws7b gs8d8\">pro<span class=\"_ _1\"></span>vided by AL<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8d9\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s risk management <span class=\"_ _1\"></span>framew<span class=\"_ _1\"></span>ork f<span class=\"_ _1\"></span>or IRRBB continues to e<span class=\"_ _1\"></span>volv<span class=\"_ _1\"></span>e in line with updates in r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> guidance on methods </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls36 ws0 gs8da\">expected t<span class=\"_ _1\"></span>o be used by<span class=\"_ _1\"></span> banks measuring, managing, monitoring and contr<span class=\"_ _1\"></span>olling such risks.<span class=\"_ _393\"> </span></div><div class=\"t m1 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs8dc\">IRRBB exposures<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8dd\">Risk exposur<span class=\"_ _1\"></span>e in the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s operations might occur<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ough:<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8de\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Duration or r<span class=\"_ _1\"></span>e-pricing risk. <span class=\"_ _1\"></span>The risk cr<span class=\"_ _1\"></span>eated when inter<span class=\"_ _1\"></span>est rates on assets, liabilities and o<span class=\"_ _1\"></span>ff balance sheet<span class=\"_ _1\"></span> items reprice at diff<span class=\"_ _1\"></span>erent </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8df\">times causing them <span class=\"_ _1\"></span>to mov<span class=\"_ _1\"></span>e by diff<span class=\"_ _1\"></span>erent amounts<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e0\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Basis risk. The risk<span class=\"_ _1\"></span> arising wher<span class=\"_ _1\"></span>e assets and liabilities re-price <span class=\"_ _1\"></span>with ref<span class=\"_ _1\"></span>erence <span class=\"_ _1\"></span>to differ<span class=\"_ _1\"></span>ent re<span class=\"_ _1\"></span>ference int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ates, for<span class=\"_ _1\"></span> example rates </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e1\">set by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and marke<span class=\"_ _1\"></span>t rates, such as Bank o<span class=\"_ _1\"></span>f England base rate and SONIA. Relativ<span class=\"_ _1\"></span>e changes in <span class=\"_ _1\"></span>the difference be<span class=\"_ _1\"></span>tween the </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e2\">ref<span class=\"_ _1\"></span>erence rat<span class=\"_ _1\"></span>es over<span class=\"_ _1\"></span> time ma<span class=\"_ _1\"></span>y impact earnings<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e3\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Optionality or<span class=\"_ _1\"></span> prepa<span class=\"_ _1\"></span>yment risk. <span class=\"_ _1\"></span>The risk that<span class=\"_ _1\"></span> settlement of<span class=\"_ _1\"></span> asset and liability balances at<span class=\"_ _1\"></span> different<span class=\"_ _1\"></span> times fr<span class=\"_ _1\"></span>om those <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast due to </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e4\">economic conditions or customer<span class=\"_ _0\"></span> behaviour may<span class=\"_ _1\"></span> create a mismat<span class=\"_ _1\"></span>ch in future periods<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e5\">Due to <span class=\"_ _1\"></span>the maturity <span class=\"_ _1\"></span>transformation inher<span class=\"_ _1\"></span>ent in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s business model it is also exposed to <span class=\"_ _1\"></span>the risk that <span class=\"_ _1\"></span>the relationship be<span class=\"_ _1\"></span>tween </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e6\">the rates affecting <span class=\"_ _1\"></span>the shorter<span class=\"_ _1\"></span>-term <span class=\"_ _1\"></span>funding balance and the rates aff<span class=\"_ _1\"></span>ecting the longer<span class=\"_ _0\"></span>-term lending balance will hav<span class=\"_ _1\"></span>e altered <span class=\"_ _1\"></span>when the </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e7\">funding has to be r<span class=\"_ _1\"></span>efinanced.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e8\">The Group measur<span class=\"_ _1\"></span>es these risk<span class=\"_ _1\"></span>s thr<span class=\"_ _1\"></span>ough a combination of economic <span class=\"_ _1\"></span>value and earnings-based measur<span class=\"_ _1\"></span>es considering pr<span class=\"_ _1\"></span>epayment risk:<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e9\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Economic <span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>alue (\u2018EV\u2019) \u2013 a range of parallel and non-par<span class=\"_ _1\"></span>allel interest<span class=\"_ _1\"></span> rate stresses ar<span class=\"_ _1\"></span>e applied t<span class=\"_ _1\"></span>o assess the change in mark<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>value </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8ea\">from assets, liabilities and o<span class=\"_ _1\"></span>ff balance sheet it<span class=\"_ _1\"></span>ems re-pricing at diff<span class=\"_ _1\"></span>erent <span class=\"_ _1\"></span>times<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8eb\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Net Interest<span class=\"_ _1\"></span> Income (\u2018NI<span class=\"_ _2\"></span>I\u2019) \u2013 impact on earnings fr<span class=\"_ _1\"></span>om a range o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est rate str<span class=\"_ _1\"></span>esses<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8ec\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s use of<span class=\"_ _1\"></span> financial derivativ<span class=\"_ _1\"></span>es for<span class=\"_ _0\"></span> hedging interest rate risk r<span class=\"_ _1\"></span>elating to its <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate lending, deposit-taking, in<span class=\"_ _1\"></span>vesting and </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8ed\">borro<span class=\"_ _1\"></span>wing activities is discussed further<span class=\"_ _1\"></span> in note 24.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs8ee\">Interest r<span class=\"_ _1\"></span>ate sensitivity<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8ef\">T<span class=\"_ _0\"></span>o pr<span class=\"_ _1\"></span>ovide a br<span class=\"_ _1\"></span>oad indication of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s exposure <span class=\"_ _1\"></span>to inter<span class=\"_ _1\"></span>est rate mo<span class=\"_ _1\"></span>vements, the no<span class=\"_ _1\"></span>tional impact of<span class=\"_ _1\"></span> a 1.0% change in UK<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f0\">rates on the equity<span class=\"_ _0\"></span> of the Gr<span class=\"_ _1\"></span>oup at 30 September<span class=\"_ _1\"></span> 2025, and the notional annualised impact<span class=\"_ _1\"></span> of such a chang<span class=\"_ _1\"></span>e on the operating pr<span class=\"_ _1\"></span>ofit </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f1\">of <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>, based on the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span>-end balance sheet ha<span class=\"_ _1\"></span>ve been calculated. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f2\">As a simplification this calculation assumes <span class=\"_ _1\"></span>that all rele<span class=\"_ _1\"></span>vant UK<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rates mov<span class=\"_ _1\"></span>e by<span class=\"_ _1\"></span> the same amount in parallel and <span class=\"_ _1\"></span>that all </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f3\">repricing <span class=\"_ _1\"></span>takes place at <span class=\"_ _1\"></span>the balance sheet date.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f4\">On this basis, a 1.<span class=\"_ _1\"></span>0% increase in UK<span class=\"_ _1\"></span> interest r<span class=\"_ _1\"></span>ates w<span class=\"_ _1\"></span>ould reduce pr<span class=\"_ _1\"></span>ofit befor<span class=\"_ _1\"></span>e tax b<span class=\"_ _1\"></span>y \u00a30<span class=\"_ _1\"></span>.5m (2024: incr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a33.5m).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f5\">The principal direct<span class=\"_ _1\"></span> point-in-time impact on <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s equity <span class=\"_ _1\"></span>would result<span class=\"_ _1\"></span> from <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>valuation o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative assets and liabilities </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f6\">which are not<span class=\"_ _1\"></span> part of <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges at <span class=\"_ _1\"></span>the balance sheet date. <span class=\"_ _1\"></span>A 1.<span class=\"_ _0\"></span>0% increase in rate expectations w<span class=\"_ _1\"></span>ould increase equity<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> \u00a34.<span class=\"_ _1\"></span>7m </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f7\">(2024: increase b<span class=\"_ _1\"></span>y \u00a314<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1m). F<span class=\"_ _0\"></span>or <span class=\"_ _1\"></span>this illustration no ineffectiv<span class=\"_ _1\"></span>eness in hedging relationships is assumed.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f8\">These calculations allow<span class=\"_ _1\"></span> only <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the dir<span class=\"_ _1\"></span>ect effects of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> change in UK int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>es. In practice, such a change might hav<span class=\"_ _1\"></span>e wider<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8f9\">economic consequences which <span class=\"_ _1\"></span>would themselv<span class=\"_ _1\"></span>es potentially<span class=\"_ _1\"></span> affect <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s business and results.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8fa\">It should be noted <span class=\"_ _1\"></span>that these sensitivities ar<span class=\"_ _1\"></span>e illustrative only<span class=\"_ _0\"></span>, and much simplified from <span class=\"_ _1\"></span>those used to manag<span class=\"_ _1\"></span>e IRRBB in practice.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs8fb\">The Company<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8fc\">All the borr<span class=\"_ _1\"></span>owings of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y hav<span class=\"_ _1\"></span>e fix<span class=\"_ _1\"></span>ed interest r<span class=\"_ _1\"></span>ates. <span class=\"_ _1\"></span>The Company\u2019<span class=\"_ _0\"></span>s investments in loans <span class=\"_ _1\"></span>to subsidiary companies include </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8fd\">a T<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>-2 Bond issued b<span class=\"_ _1\"></span>y P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C, with t<span class=\"_ _1\"></span>erms matching the <span class=\"_ _1\"></span>Tier<span class=\"_ _0\"></span>-2 Bond issued by<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span>. Its intercompan<span class=\"_ _1\"></span>y balance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8fe\">with Paragon Bank<span class=\"_ _1\"></span> (note 25) also includes \u00a365.3m <span class=\"_ _1\"></span>which is placed on deposit with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England (2024: \u00a3107<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6m). Inter<span class=\"_ _1\"></span>est is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8ff\">receiv<span class=\"_ _1\"></span>ed on this balance at <span class=\"_ _1\"></span>the same rate as that<span class=\"_ _1\"></span> paid by<span class=\"_ _1\"></span> the Bank of<span class=\"_ _0\"></span> England. Other assets and liabilities with gr<span class=\"_ _1\"></span>oup entities bear </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs900\">interest at<span class=\"_ _1\"></span> rates based on SONIA. All o<span class=\"_ _1\"></span>ther balances in <span class=\"_ _1\"></span>the Company balance shee<span class=\"_ _1\"></span>t are non-inter<span class=\"_ _1\"></span>est bearing.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs901\">Currency<span class=\"_ _1\"></span> risk<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs902\">Currenc<span class=\"_ _1\"></span>y risk, also r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as <span class=\"_ _1\"></span>foreign e<span class=\"_ _1\"></span>xchange or<span class=\"_ _0\"></span> forex risk, is <span class=\"_ _1\"></span>the risk that<span class=\"_ _1\"></span> the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value or<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e cash flow<span class=\"_ _1\"></span>s of<span class=\"_ _1\"></span> a financial </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs903\">instrument will <span class=\"_ _1\"></span>fluctuate because of<span class=\"_ _1\"></span> changes in f<span class=\"_ _1\"></span>oreign ex<span class=\"_ _1\"></span>change rates.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs904\">The Group has little appe<span class=\"_ _1\"></span>tite for<span class=\"_ _1\"></span> material amounts of<span class=\"_ _1\"></span> exposur<span class=\"_ _1\"></span>e to curr<span class=\"_ _1\"></span>ency<span class=\"_ _1\"></span> risk and applies a hedging strategy<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or any<span class=\"_ _0\"></span> material open </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs905\">positions thr<span class=\"_ _1\"></span>ough the use of<span class=\"_ _1\"></span> spot or<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>orward contr<span class=\"_ _1\"></span>acts or deriv<span class=\"_ _1\"></span>atives.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs906\">All the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s significant assets and liabilities at 30 September 2025 and 30 Sep<span class=\"_ _1\"></span>tember 2024 ar<span class=\"_ _1\"></span>e denominated in sterling. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs907\">The SME lending business has a limited amount of<span class=\"_ _1\"></span> lending denominated in US dollars, principally \u00a35.<span class=\"_ _1\"></span>4m of a<span class=\"_ _1\"></span>viation mortgage </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs908\">balances (2024: \u00a34.4m<span class=\"_ _1\"></span>). It may<span class=\"_ _1\"></span> also contract <span class=\"_ _1\"></span>to purchase assets <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> leasing in currenc<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>hese balances are hedg<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the pur<span class=\"_ _1\"></span>chase of </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs909\">currenc<span class=\"_ _1\"></span>y deriv<span class=\"_ _1\"></span>atives and / or<span class=\"_ _1\"></span> appropriate curr<span class=\"_ _1\"></span>ency<span class=\"_ _1\"></span> balances. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws60 gs90a\">As a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these arrangements <span class=\"_ _1\"></span>the Group has no material e<span class=\"_ _1\"></span>xposure <span class=\"_ _1\"></span>to for<span class=\"_ _1\"></span>eign curr<span class=\"_ _1\"></span>ency risk, <span class=\"_ _1\"></span>and no sensitivity analy<span class=\"_ _1\"></span>sis is presented </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs90b\">for<span class=\"_ _1\"></span> currency<span class=\"_ _0\"></span> risk. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs90c\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s use of<span class=\"_ _1\"></span> financial derivativ<span class=\"_ _1\"></span>es to manag<span class=\"_ _1\"></span>e currenc<span class=\"_ _1\"></span>y risk is described <span class=\"_ _1\"></span>further in no<span class=\"_ _1\"></span>te 24.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs90d\">None of <span class=\"_ _1\"></span>the assets or<span class=\"_ _1\"></span> liabilities of <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> are denominated in <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>eign currencies.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-441": {
   "value": "59<span class=\"_ _1\"></span>. <span class=\"_ _29\"></span>Credit risk<span class=\"_ _393\"> </span>The assets of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Compan<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>which are subject <span class=\"_ _1\"></span>to credit<span class=\"_ _1\"></span> risk are set<span class=\"_ _1\"></span> out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w3b1 h119\" id=\"_76d01cf0-55fa-40a5-9392-5689a7e30927\"><tr><td></td><td></td><td></td><td class=\"c n x950 y3c5e w25b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></div></td><td class=\"c n x951 y3c5e w25c hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xc41 y3c3c w3b hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _393\"> </span></div></td><td class=\"c n xc42 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc43 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc44 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc45 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x31a y3c96 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c96 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x956 y3c96 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c96 w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e03 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets at amortised cos<span class=\"_ _1\"></span>t<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c60 w53 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdc y3c60 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdd y3c60 w5e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xcde y3c60 w5f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x868 y3c60 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdf y3c60 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w21c hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>rade receivables<span class=\"_ _393\"> </span></div></td><td class=\"c n xce0 y3c40 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n x72a y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xce1 y3c40 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x500 y3c40 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xce2 y3c40 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w3b2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA Assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xce3 y3c41 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xce4 y3c41 w2a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x5c3 y3c41 w66 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x64a y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x64b y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w3b3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup cash deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xce5 y3c97 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xce6 y3c97 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xce7 y3c97 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xce8 y3c97 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xce9 y3c97 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3b4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by Gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xcea y3c61 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xceb y3c61 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xcec y3c61 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x783 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x9a6 y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c63 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n xcee y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xcef y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf0 y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf1 y3c63 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w2b0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c4e w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf3 y3c4e w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf4 y3c4e w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c4e w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x239 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w21b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accrued inter<span class=\"_ _1\"></span>est income<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf5 y3c4f w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf6 y3c4f w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf7 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf8 y3c4f w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf9 y3c4f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c98 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,371.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c98 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,670.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfc y3c98 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfd y3c98 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e04 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets at f<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c65 w56 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfe y3c65 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n xa44 y3c65 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xcff y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd00 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xd01 y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3b5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Maximum exposur<span class=\"_ _1\"></span>e to credit risk<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xd02 y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,647.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x38a y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19,062.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd03 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd04 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.8<span class=\"_ _393\"> </span></div></td></tr></table>All financial assets at amortised cost ar<span class=\"_ _1\"></span>e subject <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>equirements o<span class=\"_ _1\"></span>f IFRS 9 relating <span class=\"_ _1\"></span>to impairment.<span class=\"_ _393\"> </span>F<span class=\"_ _1\"></span>urther inf<span class=\"_ _1\"></span>ormation on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s exposure to cr<span class=\"_ _1\"></span>edit risk b<span class=\"_ _1\"></span>y asset <span class=\"_ _1\"></span>type, including the cr<span class=\"_ _1\"></span>edit quality<span class=\"_ _1\"></span> of asse<span class=\"_ _1\"></span>ts and any po<span class=\"_ _1\"></span>tential concentrations of<span class=\"_ _1\"></span> credit risk, is se<span class=\"_ _1\"></span>t out below<span class=\"_ _1\"></span> for:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Loans to customers<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Inv<span class=\"_ _1\"></span>estment securities \u2022 <span class=\"_ _6\"> </span>Cash balances (including CSA<span class=\"_ _1\"></span> assets and accrued inter<span class=\"_ _1\"></span>est)<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>T<span class=\"_ _0\"></span>rade r<span class=\"_ _0\"></span>eceivables<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Derivative financial assets<span class=\"_ _393\"> </span>Loans to customers<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s credit risk<span class=\"_ _1\"></span> is primarily attributable <span class=\"_ _1\"></span>to its loans to cust<span class=\"_ _1\"></span>omers and its business objectives r<span class=\"_ _1\"></span>ely on maintaining a high-quality<span class=\"_ _1\"></span> customer base and place str<span class=\"_ _1\"></span>ong emphasis on prudent cr<span class=\"_ _1\"></span>edit management, both at <span class=\"_ _1\"></span>the time o<span class=\"_ _1\"></span>f acquiring or<span class=\"_ _1\"></span> underwriting a new<span class=\"_ _1\"></span> loan, where r<span class=\"_ _1\"></span>obust lending criteria ar<span class=\"_ _1\"></span>e applied, and thr<span class=\"_ _1\"></span>oughout the loan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s life.<span class=\"_ _393\"> </span>Primary r<span class=\"_ _1\"></span>esponsibility <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the management<span class=\"_ _1\"></span> of cr<span class=\"_ _1\"></span>edit risk r<span class=\"_ _1\"></span>elating to lending activities acr<span class=\"_ _1\"></span>oss the Gr<span class=\"_ _1\"></span>oup lies with <span class=\"_ _1\"></span>the Credit<span class=\"_ _1\"></span> Committee. The Credit<span class=\"_ _1\"></span> Committee, which r<span class=\"_ _1\"></span>eports to <span class=\"_ _1\"></span>the ERC, is made up of<span class=\"_ _1\"></span> senior<span class=\"_ _1\"></span> employees, dr<span class=\"_ _1\"></span>awn fr<span class=\"_ _1\"></span>om financial and risk <span class=\"_ _1\"></span>functions independent of <span class=\"_ _1\"></span>the underwriting process. It<span class=\"_ _1\"></span> is chaired b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Credit Risk<span class=\"_ _1\"></span> Director<span class=\"_ _0\"></span>. Its ke<span class=\"_ _1\"></span>y r<span class=\"_ _1\"></span>esponsibilities include setting and re<span class=\"_ _1\"></span>viewing cr<span class=\"_ _1\"></span>edit policy<span class=\"_ _0\"></span>, controlling applicant quality<span class=\"_ _0\"></span>, tracking account perf<span class=\"_ _1\"></span>ormance against tar<span class=\"_ _1\"></span>gets, agr<span class=\"_ _1\"></span>eeing product criteria and lending guidelines and monitoring performance and <span class=\"_ _1\"></span>trends.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s underwriting philosophy<span class=\"_ _1\"></span> is based on sophisticated individual credit assessment<span class=\"_ _1\"></span> supported by<span class=\"_ _1\"></span> the automated e<span class=\"_ _1\"></span>fficiencies of statistically<span class=\"_ _0\"></span> based evaluation models. Information on each applicant is combined <span class=\"_ _1\"></span>with data tak<span class=\"_ _1\"></span>en fr<span class=\"_ _1\"></span>om credit r<span class=\"_ _1\"></span>efer<span class=\"_ _1\"></span>ence agencies and other e<span class=\"_ _1\"></span>xternal sources <span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>ovide a complete cr<span class=\"_ _1\"></span>edit picture o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the applicant and the borr<span class=\"_ _1\"></span>owing r<span class=\"_ _1\"></span>equested. Ke<span class=\"_ _1\"></span>y inf<span class=\"_ _1\"></span>ormation is v<span class=\"_ _1\"></span>alidated thr<span class=\"_ _1\"></span>ough a combination of<span class=\"_ _1\"></span> documentation and statistical data which collectiv<span class=\"_ _1\"></span>ely pr<span class=\"_ _1\"></span>ovides e<span class=\"_ _1\"></span>vidence of <span class=\"_ _1\"></span>the applicant\u2019<span class=\"_ _0\"></span>s ability and <span class=\"_ _1\"></span>willingness to pa<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the amount contracted under<span class=\"_ _1\"></span> the loan agr<span class=\"_ _1\"></span>eement. Similarly<span class=\"_ _0\"></span>, where assets f<span class=\"_ _1\"></span>orm part of<span class=\"_ _1\"></span> the security<span class=\"_ _1\"></span> to support the loan, r<span class=\"_ _1\"></span>obust asset <span class=\"_ _1\"></span>valuation pr<span class=\"_ _1\"></span>ocesses ensure appr<span class=\"_ _1\"></span>opriate risk mitigation is in place. E<span class=\"_ _0\"></span>ven so, in assessing credit risk, an applicant\u2019<span class=\"_ _0\"></span>s ability and propensity<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>epay<span class=\"_ _1\"></span> the loan r<span class=\"_ _1\"></span>emain the principal <span class=\"_ _1\"></span>factors in <span class=\"_ _1\"></span>the decision to lend, e<span class=\"_ _1\"></span>ven <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>would have security<span class=\"_ _1\"></span> on the pr<span class=\"_ _1\"></span>oposed loan.<span class=\"_ _393\"> </span>In considering whether<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>o acquire pools of<span class=\"_ _1\"></span> loan assets, the Gr<span class=\"_ _1\"></span>oup will undertak<span class=\"_ _0\"></span>e a due diligence exercise on <span class=\"_ _1\"></span>the underlying loan accounts. Such assets are g<span class=\"_ _1\"></span>enerally no<span class=\"_ _1\"></span>t fully<span class=\"_ _1\"></span> performing and ar<span class=\"_ _1\"></span>e offer<span class=\"_ _1\"></span>ed at a discount t<span class=\"_ _1\"></span>o their<span class=\"_ _1\"></span> current balance. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s procedur<span class=\"_ _1\"></span>es may<span class=\"_ _1\"></span> include inspection of original loan documents, <span class=\"_ _0\"></span>verification of security<span class=\"_ _1\"></span> and the examination of<span class=\"_ _0\"></span> the credit status of borr<span class=\"_ _0\"></span>owers. Current and historic cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span> data will also be examined. <span class=\"_ _1\"></span>The objectiv<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the ex<span class=\"_ _1\"></span>ercise is <span class=\"_ _1\"></span>to establish, to a le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> confidence similar <span class=\"_ _1\"></span>to that pr<span class=\"_ _0\"></span>ovided by <span class=\"_ _1\"></span>the underwriting process, <span class=\"_ _1\"></span>that the assets <span class=\"_ _1\"></span>will generat<span class=\"_ _1\"></span>e sufficient cash flow<span class=\"_ _1\"></span>s to r<span class=\"_ _1\"></span>ecov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment and g<span class=\"_ _1\"></span>enerate an appr<span class=\"_ _1\"></span>opriate return <span class=\"_ _1\"></span>without exposing <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>to material operational or<span class=\"_ _1\"></span> conduct risks.<span class=\"_ _393\"> </span>This section sets out information r<span class=\"_ _1\"></span>ele<span class=\"_ _1\"></span>vant <span class=\"_ _1\"></span>to assessing the cr<span class=\"_ _1\"></span>edit risk inher<span class=\"_ _1\"></span>ent in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loans to customers balance. It is set out in the following subsections:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>T<span class=\"_ _0\"></span>ypes of<span class=\"_ _1\"></span> lending and relat<span class=\"_ _1\"></span>ed security<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Over<span class=\"_ _1\"></span>all credit gr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Credit<span class=\"_ _1\"></span> characteristics of<span class=\"_ _1\"></span> particular portf<span class=\"_ _1\"></span>olios<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Arrear<span class=\"_ _1\"></span>s performance<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Acquir<span class=\"_ _1\"></span>ed assets<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>ypes of lending<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s balance sheet loan assets at 30 Sept<span class=\"_ _1\"></span>ember 2025 ar<span class=\"_ _1\"></span>e analysed as <span class=\"_ _1\"></span>follow<span class=\"_ _1\"></span>s:<span class=\"_ _393\"> </span><table class=\"s w3b6 h126\" id=\"_6f52871a-bf16-4476-b8b1-48d898e5b8bc\"><tr><td></td><td></td><td class=\"c n x804 y3c38 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xd05 y3c38 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e6 y3c39 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xd06 y3c39 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd07 y3c39 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xd08 y3c39 w386 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w3b7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-t<span class=\"_ _1\"></span>o-let mortgages<span class=\"_ _393\"> </span></div></td><td class=\"c n xaaf y3c3a w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,774.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd09 y3c3a w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0a y3c3a w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,279.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0b y3c3a w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">84.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w3b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Owner-occupied mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0c y3c5d w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0d y3c5d w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0e y3c5d w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd0f y3c5d w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w3b9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal fir<span class=\"_ _1\"></span>st charge r<span class=\"_ _1\"></span>esidential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td><td class=\"c n xd10 y3c5e w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,791.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd11 y3c5e w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.4%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd12 y3c5e w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,299.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd13 y3c5e w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">84.7%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w3ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Second charge mortg<span class=\"_ _1\"></span>age loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xd14 y3c3c w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">85.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd15 y3c3c w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5%<span class=\"_ _393\"> </span></div></td><td class=\"c n x92e y3c3c w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">116.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd16 y3c3c w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w3bb hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loans secured on residen<span class=\"_ _1\"></span>tial property<span class=\"_ _393\"> </span></div></td><td class=\"c n xd17 y3c3d w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13,876.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd18 y3c3d w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">84.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x39d y3c3d w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13,415.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd19 y3c3d w164 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">85.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w126 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Development finance<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1a y3c3e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">960.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1b y3c3e w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.9%<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fc y3c3e w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">884.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1c y3c3e w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w3bc hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Loans secured on property<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1d y3c60 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14,836.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1e y3c60 w15c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">90.8%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1f y3c60 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,299.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd20 y3c60 w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">91.0%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w3bd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xd21 y3c40 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">671.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd22 y3c40 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd23 y3c40 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">633.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd24 y3c40 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.1%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w3be hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Motor finance loans<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fe y3c41 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">360.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd25 y3c41 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd26 y3c41 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">331.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd27 y3c41 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.1%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w3bf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Aircr<span class=\"_ _1\"></span>aft mortgag<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n xd28 y3c42 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd29 y3c42 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x6b2 y3c42 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1c y3c42 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3c0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Secured BBB schemes<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2a y3c61 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd22 y3c61 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2b y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2c y3c61 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w3c1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Structured lending<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2d y3c63 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">267.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2e y3c63 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7%<span class=\"_ _393\"> </span></div></td><td class=\"c n x36d y3c63 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">256.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd2f y3c63 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3c2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Invoice finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x5da y3c4e w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">35.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd30 y3c4e w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd31 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">32.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd32 y3c4e w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w3c3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal secured loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xd33 y3c4f w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,226.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd34 y3c4f w16c hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">99.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd35 y3c4f w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,616.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd36 y3c4f w162 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">99.4%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w3c4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Prof<span class=\"_ _1\"></span>essions finance<span class=\"_ _393\"> </span></div></td><td class=\"c n xd37 y3c45 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">39.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd38 y3c45 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd39 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">53.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3a y3c45 w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.3%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3c5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Unsecured BBB schemes<span class=\"_ _393\"> </span></div></td><td class=\"c n xd37 y3c62 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">46.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3b y3c62 w1a1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3c y3c62 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x40e y3c62 w1a8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3c6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other unsecured commer<span class=\"_ _1\"></span>cial loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3d y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3e y3c65 w1a3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd1c y3c65 w1a9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3c7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal loans to cus<span class=\"_ _1\"></span>tomers<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3f y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd40 y3c48 w15b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd35 y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd41 y3c48 w161 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0%<span class=\"_ _393\"> </span></div></td></tr></table>First and second charge mortg<span class=\"_ _1\"></span>ages ar<span class=\"_ _1\"></span>e secured by<span class=\"_ _0\"></span> charges over<span class=\"_ _1\"></span> residential pr<span class=\"_ _1\"></span>operties in England and <span class=\"_ _1\"></span>W<span class=\"_ _1\"></span>ales, or similar<span class=\"_ _1\"></span> Scottish or<span class=\"_ _1\"></span> Northern Irish securities. Dev<span class=\"_ _1\"></span>elopment finance loans ar<span class=\"_ _1\"></span>e secured b<span class=\"_ _1\"></span>y a <span class=\"_ _1\"></span>first charge (<span class=\"_ _0\"></span>or similar Scottish security<span class=\"_ _1\"></span>) ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the dev<span class=\"_ _1\"></span>elopment property<span class=\"_ _0\"></span> and various charges o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the build. Asset finance loans and mot<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>finance loans are eff<span class=\"_ _1\"></span>ectively<span class=\"_ _1\"></span> secured b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the financed asset, <span class=\"_ _1\"></span>while aircraft mortg<span class=\"_ _1\"></span>ages ar<span class=\"_ _1\"></span>e secured b<span class=\"_ _1\"></span>y a charge on <span class=\"_ _1\"></span>the aircraft<span class=\"_ _1\"></span> funded.<span class=\"_ _393\"> </span>Structured lending and in<span class=\"_ _1\"></span>voice finance balances ar<span class=\"_ _1\"></span>e effectiv<span class=\"_ _1\"></span>ely secur<span class=\"_ _1\"></span>ed ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the assets of<span class=\"_ _1\"></span> the customer<span class=\"_ _0\"></span>, with security<span class=\"_ _1\"></span> enhanced by<span class=\"_ _1\"></span> maintaining balances at a lev<span class=\"_ _1\"></span>el less than <span class=\"_ _1\"></span>the total amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the security (<span class=\"_ _1\"></span>the advance per<span class=\"_ _1\"></span>centage).<span class=\"_ _393\"> </span>Prof<span class=\"_ _1\"></span>essions finance balances ar<span class=\"_ _1\"></span>e generally<span class=\"_ _1\"></span> short-term unsecur<span class=\"_ _1\"></span>ed loans made to <span class=\"_ _1\"></span>firms of<span class=\"_ _1\"></span> lawyers and accountants <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> working capital purposes.<span class=\"_ _393\"> </span>Loans made under<span class=\"_ _1\"></span> British Business Bank (\u2018BBB\u2019) supported schemes hav<span class=\"_ _1\"></span>e the benefit<span class=\"_ _1\"></span> of a guar<span class=\"_ _1\"></span>antee underwritten by<span class=\"_ _1\"></span> the UK Gov<span class=\"_ _1\"></span>ernment.<span class=\"_ _393\"> </span>There ar<span class=\"_ _1\"></span>e no significant concentrations o<span class=\"_ _1\"></span>f cr<span class=\"_ _1\"></span>edit risk <span class=\"_ _1\"></span>to individual counterparties due to <span class=\"_ _1\"></span>the large number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> customers included in the portfolios. <span class=\"_ _1\"></span>All lending is to customer<span class=\"_ _1\"></span>s within <span class=\"_ _1\"></span>the UK. The <span class=\"_ _1\"></span>total gr<span class=\"_ _1\"></span>oss carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s loans to cust<span class=\"_ _1\"></span>omers due fr<span class=\"_ _1\"></span>om customers with <span class=\"_ _1\"></span>total portfolio e<span class=\"_ _1\"></span>xposures o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> \u00a310.<span class=\"_ _1\"></span>0m is analysed belo<span class=\"_ _1\"></span>w by<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oduct type.<span class=\"_ _393\"> </span><table class=\"s w3c8 h127\" id=\"_232cff0d-59b3-4124-a507-2071adb7254d\"><tr><td></td><td class=\"c n xc2b y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xd42 y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xcc6 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xcc7 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w3b7 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-t<span class=\"_ _1\"></span>o-let mortgages<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb3 y3c4f w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xcb4 y3c4f w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">162.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w126 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Development finance<span class=\"_ _393\"> </span></div></td><td class=\"c n xd43 y3c45 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">535.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xb53 y3c45 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">497.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3c1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Structured lending<span class=\"_ _393\"> </span></div></td><td class=\"c n xd43 y3c62 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">256.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xb53 y3c62 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">239.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n xd44 y3c65 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">10.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd45 y3c65 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7df y3c48 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">963.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd46 y3c48 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">910.7<span class=\"_ _393\"> </span></div></td></tr></table>The thr<span class=\"_ _1\"></span>eshold of<span class=\"_ _1\"></span> \u00a310.<span class=\"_ _1\"></span>0m is used internally<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> monitoring large e<span class=\"_ _1\"></span>xposures. Credit grading<span class=\"_ _393\"> </span>An analysis of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loans to customers by<span class=\"_ _1\"></span> absolute le<span class=\"_ _1\"></span>vel of<span class=\"_ _1\"></span> credit<span class=\"_ _1\"></span> risk at 30 September<span class=\"_ _1\"></span> 2025 is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. The analy<span class=\"_ _1\"></span>sed amount repr<span class=\"_ _1\"></span>esents gross carrying amount.<span class=\"_ _393\"> </span><table class=\"s w3c9 h128\" id=\"_64d8fabb-7050-4323-b50f-130de3c9d971\"><tr><td></td><td class=\"c n x62d y3d79 w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n x62e y3d79 w154 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n x62f y3d79 w166 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n x630 y3d79 w157 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n x631 y3d79 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x632 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x633 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x634 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x635 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x636 y3e05 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e06 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3da0 w3ca hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ery low risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd47 y3da0 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12,478.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x53c y3da0 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">64.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd48 y3da0 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd49 y3da0 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4a y3da0 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">12,547.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e07 w3cb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Low risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4b y3e07 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,427.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4c y3e07 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">329.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4d y3e07 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4e y3e07 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4f y3e07 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,794.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da2 w3cc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Moderat<span class=\"_ _1\"></span>e risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd50 y3da2 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd51 y3da2 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">188.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd52 y3da2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd53 y3da2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd54 y3da2 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">347.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da3 w3cd hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">High risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd55 y3da3 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">143.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd56 y3da3 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">70.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd57 y3da3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd58 y3da3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd59 y3da3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">224.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da4 w3ce hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ery high risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5a y3da4 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">55.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5b y3da4 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5c y3da4 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">274.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5d y3da4 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5e y3da4 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">396.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w3cf hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Not graded<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5f y3c9b w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">114.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd60 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd61 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd62 y3c9b w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd63 y3c9b w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">119.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da5 w3d0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal gr<span class=\"_ _1\"></span>oss carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xd47 y3da5 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,368.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd64 y3da5 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">719.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4dd y3da5 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">330.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0f y3da5 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd65 y3da5 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,429.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da6 w3d1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n xd66 y3da6 w24 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(12.4)<span class=\"_ _393\"> </span></div></td><td class=\"c n x86a y3da6 w9d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(4.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xd67 y3da6 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(70.9)<span class=\"_ _393\"> </span></div></td><td class=\"c n xd68 y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xd69 y3da6 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(87.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf2 w3d2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal loans to cus<span class=\"_ _1\"></span>tomers<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6a y3cf2 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,356.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd51 y3cf2 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">715.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6b y3cf2 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">259.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6c y3cf2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6d y3cf2 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e08 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c97 w3ca hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ery low risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd47 y3c97 w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12,028.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6e y3c97 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">75.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6cb y3c97 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6f y3c97 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd70 y3c97 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12,108.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3cb hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Low risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd4b y3c61 w2b5 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,194.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd71 y3c61 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">343.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd72 y3c61 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">44.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd73 y3c61 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd74 y3c61 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,584.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w3cc hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Moderat<span class=\"_ _1\"></span>e risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd50 y3c63 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">182.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd75 y3c63 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">199.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd76 y3c63 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">16.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ea y3c63 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xd77 y3c63 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">399.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3cd hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">High risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd55 y3c4e w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">127.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd78 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">78.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd79 y3c4e w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x6e2 y3c4e w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7a y3c4e w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">221.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w3ce hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ery high risk<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5a y3cb2 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">37.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7b y3cb2 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">76.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7c y3cb2 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">205.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x701 y3cb2 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7d y3cb2 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">326.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3cf hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Not graded<span class=\"_ _393\"> </span></div></td><td class=\"c n xd5f y3c98 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">135.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7e y3c98 wa0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd7f y3c98 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x6f0 y3c98 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd80 y3c98 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">142.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3d0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal gr<span class=\"_ _1\"></span>oss carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xd47 y3c62 w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,705.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd81 y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">776.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd82 y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">283.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd83 y3c62 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">17.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xd84 y3c62 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15,782.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3d1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Impairment<span class=\"_ _393\"> </span></div></td><td class=\"c n xd66 y3c65 w25 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(16.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b7 y3c65 wa1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(7.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n xd85 y3c65 w71 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(50.8)<span class=\"_ _393\"> </span></div></td><td class=\"c n xc77 y3c65 w7f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(2.5)<span class=\"_ _393\"> </span></div></td><td class=\"c n xd86 y3c65 w71 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">(76.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3d2 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal loans to cus<span class=\"_ _1\"></span>tomers<span class=\"_ _393\"> </span></div></td><td class=\"c n xd6a y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,689.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd87 y3c48 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">768.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd88 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">232.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd89 y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8a y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td></tr></table>Gradings abov<span class=\"_ _1\"></span>e are based on cr<span class=\"_ _1\"></span>edit scorecar<span class=\"_ _1\"></span>ds or<span class=\"_ _1\"></span> internally assigned risk<span class=\"_ _1\"></span> ratings as appropriate <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the individual asset<span class=\"_ _1\"></span> class. These measures ar<span class=\"_ _1\"></span>e calibrated acr<span class=\"_ _1\"></span>oss product<span class=\"_ _1\"></span> types and used internally<span class=\"_ _1\"></span> to monitor<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s overall cr<span class=\"_ _1\"></span>edit risk pr<span class=\"_ _1\"></span>ofile against its risk appetite.<span class=\"_ _393\"> </span>These gradings r<span class=\"_ _1\"></span>epresent curr<span class=\"_ _1\"></span>ent cr<span class=\"_ _1\"></span>edit quality on an absolute basis and <span class=\"_ _1\"></span>this may<span class=\"_ _1\"></span> result in asse<span class=\"_ _1\"></span>ts in higher IFRS 9 stages <span class=\"_ _1\"></span>with low risk<span class=\"_ _1\"></span> grades, especially <span class=\"_ _1\"></span>wher<span class=\"_ _1\"></span>e a case qualifies thr<span class=\"_ _1\"></span>ough breaching, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> example, an arrears <span class=\"_ _1\"></span>threshold but<span class=\"_ _1\"></span> is making regular<span class=\"_ _1\"></span> payments. <span class=\"_ _1\"></span>This will apply especially<span class=\"_ _1\"></span> to S<span class=\"_ _1\"></span>tage 3 cases report<span class=\"_ _1\"></span>ed in note 20, o<span class=\"_ _1\"></span>ther <span class=\"_ _1\"></span>than those shown as \u2018r<span class=\"_ _0\"></span>ealisations\u2019<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Examples of lo<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> risk cases in higher<span class=\"_ _1\"></span> IFRS 9 stages include fully up-<span class=\"_ _1\"></span>to-date r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of r<span class=\"_ _1\"></span>ent cases; accounts <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the customer is in arrears on <span class=\"_ _1\"></span>their account<span class=\"_ _1\"></span> with <span class=\"_ _1\"></span>the Group but up <span class=\"_ _1\"></span>to date on accounts with o<span class=\"_ _1\"></span>ther lenders, cr<span class=\"_ _1\"></span>eating an ov<span class=\"_ _1\"></span>erall positive cr<span class=\"_ _1\"></span>edit rating; and accounts wher<span class=\"_ _1\"></span>e the default<span class=\"_ _1\"></span> on the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s loan has y<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>to impact on the ext<span class=\"_ _1\"></span>ernal credit scor<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span>A small pr<span class=\"_ _1\"></span>oportion of<span class=\"_ _1\"></span> the loan book (2025: 0<span class=\"_ _0\"></span>.7%, 2024: 0.9%) is classed as \u2018no<span class=\"_ _1\"></span>t graded\u2019 abov<span class=\"_ _1\"></span>e. T<span class=\"_ _1\"></span>his rating generally<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>elates to loans that have been <span class=\"_ _1\"></span>fully underwritt<span class=\"_ _1\"></span>en at origination but wher<span class=\"_ _1\"></span>e the customer<span class=\"_ _0\"></span> falls outside the automated assessment <span class=\"_ _1\"></span>techniques used post-completion.<span class=\"_ _393\"> </span>Credit characteristics b<span class=\"_ _0\"></span>y portfolio<span class=\"_ _393\"> </span>L<span class=\"_ _1\"></span>oans secured on residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _393\"> </span>First mortgage loans ha<span class=\"_ _1\"></span>ve a contractual <span class=\"_ _1\"></span>term of<span class=\"_ _1\"></span> up to <span class=\"_ _1\"></span>thirty-fiv<span class=\"_ _1\"></span>e y<span class=\"_ _1\"></span>ears and second charge mortg<span class=\"_ _1\"></span>age loans up to <span class=\"_ _1\"></span>twenty<span class=\"_ _1\"></span> fiv<span class=\"_ _1\"></span>e y<span class=\"_ _1\"></span>ears. In all cases the customer<span class=\"_ _1\"></span> is entitled to se<span class=\"_ _1\"></span>ttle the loan at any<span class=\"_ _0\"></span> point and in most cases early settlement does tak<span class=\"_ _1\"></span>e place. <span class=\"_ _1\"></span>All customers on these accounts are r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to make monthly<span class=\"_ _0\"></span> payments.<span class=\"_ _393\"> </span>An analysis of<span class=\"_ _1\"></span> the inde<span class=\"_ _1\"></span>xed L<span class=\"_ _1\"></span>oan-to-<span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>alue (\u2018L<span class=\"_ _0\"></span>TV\u2019) r<span class=\"_ _1\"></span>atio for<span class=\"_ _1\"></span> those loan accounts secur<span class=\"_ _1\"></span>ed on residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue at 30 September<span class=\"_ _1\"></span> 2025 is set out below<span class=\"_ _0\"></span>. L<span class=\"_ _0\"></span>TV<span class=\"_ _0\"></span>s for<span class=\"_ _1\"></span> second charge mortgag<span class=\"_ _1\"></span>es are calculated allo<span class=\"_ _1\"></span>wing for<span class=\"_ _0\"></span> the interest of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>first charg<span class=\"_ _1\"></span>e holder<span class=\"_ _0\"></span>, based on the most recent <span class=\"_ _1\"></span>first charge amount<span class=\"_ _1\"></span> held by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, while <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> acquired accounts <span class=\"_ _1\"></span>the effect of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> discount on purchase is allo<span class=\"_ _1\"></span>wed f<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w14f he9\" id=\"_96d8263e-3ec3-4760-89bc-dd7a8667ccd5\"><tr><td></td><td></td><td class=\"c n xd8b y3c3c w3d3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">First char<span class=\"_ _1\"></span>ge mortgag<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8c y3c3c w3d4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Second charge mortgag<span class=\"_ _1\"></span>es<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x4e2 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c3d w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x873 y3c3e w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x84c y3c3e w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8d y3c3e w1ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x1c7 y3c3e w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e09 ff49 fs4 fc1 sc0 ls0 ws0\">Loan to value r<span class=\"_ _1\"></span>atio<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cae w3d5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less than 70%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3d y3cae w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">69.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3cae w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">71.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xb08 y3cae w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">96.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3cae w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">96.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">70% to 80%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c41 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8e y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8f y3c41 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c41 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">80% to 90%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c42 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x856 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd90 y3c42 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x858 y3c42 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w3d7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">90% to 100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xb19 y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd91 y3c43 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xd92 y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd93 y3c43 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w3d8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Over 100%<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c44 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c44 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c44 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c4e w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c4e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd94 y3c4e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd95 y3c4e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w3d9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>erage L<span class=\"_ _0\"></span>TV r<span class=\"_ _1\"></span>atio<span class=\"_ _393\"> </span></div></td><td class=\"c n xd96 y3c45 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">63.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xa07 y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">62.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xd97 y3c45 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">49.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x39c y3c45 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h94 y3e0a ff66 fs4 fc1 sc0 ls0 ws0\">Of which:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c47 w3da hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-t<span class=\"_ _1\"></span>o-let<span class=\"_ _393\"> </span></div></td><td class=\"c n xd98 y3c47 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">63.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x347 y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">62.8<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c48 w3db hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Owner-occupied<span class=\"_ _393\"> </span></div></td><td class=\"c n xd99 y3c48 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xd9a y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">38.9<span class=\"_ _393\"> </span></div></td><td></td><td></td></tr></table>The regionally<span class=\"_ _0\"></span> indexed L<span class=\"_ _e\"></span>TV<span class=\"_ _1\"></span>s shown abov<span class=\"_ _1\"></span>e are affect<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> changes in house prices, with <span class=\"_ _1\"></span>the Nationwide house price index, <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the UK as a whole, r<span class=\"_ _1\"></span>egistering an annual increase o<span class=\"_ _1\"></span>f 2.2% in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ended 30 Sept<span class=\"_ _1\"></span>ember 2025 (2024: incr<span class=\"_ _1\"></span>ease of<span class=\"_ _1\"></span> 3.2%).<span class=\"_ _393\"> </span>The geographical distribution o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s r<span class=\"_ _0\"></span>esidential mortgage assets by gr<span class=\"_ _0\"></span>oss carrying value is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w3dc h103\" id=\"_3bcc77d7-1df6-4661-a4c5-00d561e4acab\"><tr><td></td><td></td><td class=\"c n xd9b y3c5d w3dd hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">First char<span class=\"_ _1\"></span>ge<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xd9c y3c5d w3de hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Second charge<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4e2 y3c5e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e3 y3c5e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e4 y3c5e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e5 y3c5e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x873 y3c3c w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x84c y3c3c w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8d y3c3c w1ba hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n x1c7 y3c3c w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w3df hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">East Anglia<span class=\"_ _393\"> </span></div></td><td class=\"c n xd9d y3c3d w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd9e y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xd9f y3c3d w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xb0a y3c3d w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w3e0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">East Midlands<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c5f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c5f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c5f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c5f w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w3e1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Great<span class=\"_ _1\"></span>er London<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3d y3c60 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3c60 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x354 y3c60 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c60 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w3e2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">North<span class=\"_ _393\"> </span></div></td><td class=\"c n xb14 y3c40 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x976 y3c40 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xda0 y3c40 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xda1 y3c40 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w3e3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">North W<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td class=\"c n xda2 y3c41 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xda3 y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d9 y3c41 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xda4 y3c41 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w3e4 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">South East<span class=\"_ _393\"> </span></div></td><td class=\"c n xda5 y3c97 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">30.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xda6 y3c97 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x361 y3c97 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x20f y3c97 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">37.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3e5 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">South W<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td class=\"c n xda7 y3c61 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x851 y3c61 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">9.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xda8 y3c61 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xda9 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w3e6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>est Midlands<span class=\"_ _393\"> </span></div></td><td class=\"c n x95d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3e7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>orkshire and Humber<span class=\"_ _1\"></span>side<span class=\"_ _393\"> </span></div></td><td class=\"c n x983 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xdaa y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c5 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xdab y3c4e w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w3e8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal England<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3d y3c4f w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">94.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x32b y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">94.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xb08 y3c4f w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">88.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c8 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">87.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Northern Ireland<span class=\"_ _393\"> </span></div></td><td class=\"c n x900 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x987 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c5 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xdab y3c98 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Scotland<span class=\"_ _393\"> </span></div></td><td class=\"c n xa50 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xa51 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xa52 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xa53 y3c62 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3eb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>ales<span class=\"_ _393\"> </span></div></td><td class=\"c n xdac y3c65 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xdad y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d9 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xda4 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd94 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xd95 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr></table>Developmen<span class=\"_ _1\"></span>t finance<span class=\"_ _393\"> </span>Dev<span class=\"_ _1\"></span>elopment finance loans hav<span class=\"_ _1\"></span>e an aver<span class=\"_ _1\"></span>age t<span class=\"_ _1\"></span>erm of 27 months (2024: 28 months<span class=\"_ _1\"></span>). Settlement of<span class=\"_ _1\"></span> principal and accrued inter<span class=\"_ _1\"></span>est tak<span class=\"_ _1\"></span>es place either on <span class=\"_ _1\"></span>the sale of<span class=\"_ _1\"></span> the de<span class=\"_ _1\"></span>velopment, or<span class=\"_ _1\"></span> units within it, <span class=\"_ _1\"></span>where appr<span class=\"_ _1\"></span>opriate, or on <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>financing of <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>ollowing its completion. T<span class=\"_ _1\"></span>he customer is no<span class=\"_ _1\"></span>t normally r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed to mak<span class=\"_ _1\"></span>e payments during the <span class=\"_ _1\"></span>term of<span class=\"_ _1\"></span> the loan. <span class=\"_ _1\"></span>The loans ar<span class=\"_ _1\"></span>e secured b<span class=\"_ _1\"></span>y a legal charge o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the site and / or<span class=\"_ _1\"></span> property<span class=\"_ _1\"></span> t<span class=\"_ _1\"></span>ogether<span class=\"_ _1\"></span> with other<span class=\"_ _1\"></span> charges and <span class=\"_ _1\"></span>warr<span class=\"_ _1\"></span>anties related <span class=\"_ _1\"></span>to the build.<span class=\"_ _393\"> </span>As customers are no<span class=\"_ _1\"></span>t requir<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o make payments during <span class=\"_ _1\"></span>the life of<span class=\"_ _1\"></span> the loan, arr<span class=\"_ _1\"></span>ears and past due measur<span class=\"_ _1\"></span>es cannot be used <span class=\"_ _1\"></span>to monitor cr<span class=\"_ _1\"></span>edit risk. Instead, cases ar<span class=\"_ _1\"></span>e monitor<span class=\"_ _1\"></span>ed on an individual basis against the costs and pr<span class=\"_ _1\"></span>ogress in <span class=\"_ _1\"></span>the agreed de<span class=\"_ _1\"></span>velopment programme b<span class=\"_ _1\"></span>y manag<span class=\"_ _1\"></span>ement and Credit<span class=\"_ _1\"></span> Risk. The a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e loan to gr<span class=\"_ _1\"></span>oss dev<span class=\"_ _1\"></span>elopment v<span class=\"_ _1\"></span>alue (\u2018L<span class=\"_ _e\"></span>TGD<span class=\"_ _1\"></span>V\u2019) ratio f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the portfolio at <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end, a measure of<span class=\"_ _0\"></span> security cover<span class=\"_ _0\"></span>, is analysed below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w210 hfc\" id=\"_b08afb0f-0a47-49f9-8948-d8f202fb3211\"><tr><td></td><td class=\"c n x952 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x953 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x954 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x955 y3c40 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xcfa y3c41 w3ec hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">By value<span class=\"_ _393\"> </span></div></td><td class=\"c n xdae y3c41 w3ed hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">By number<span class=\"_ _393\"> </span></div></td><td class=\"c n xdaf y3c41 w3ee hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">By v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb0 y3c41 w3ef hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">By number<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdb1 y3c97 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb2 y3c97 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb3 y3c97 w23a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb4 y3c97 w23a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e0b ff49 fs4 fc1 sc0 ls35 wsde\">LT<span class=\"_ _2\"></span>G<span class=\"_ _33\"></span>D<span class=\"_ _2\"></span>V<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w3f0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50% or less<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb5 y3c63 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb6 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb7 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x853 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">50% to 60%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c4e w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8e y3c4e w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">14.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">13.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">60% to 65%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c4f w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8e y3c4f w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">29.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">65% to 70%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8b2 y3c98 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">28.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8e y3c98 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">32.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c98 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">30.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3d6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">70% to 75%<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d6 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x856 y3c62 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x857 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x858 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3f1 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Over 75%<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x78a y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x843 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr></table>The av<span class=\"_ _1\"></span>erage L<span class=\"_ _e\"></span>T<span class=\"_ _1\"></span>GDV<span class=\"_ _1\"></span> cov<span class=\"_ _1\"></span>er at <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span> end was 63.8% (202<span class=\"_ _1\"></span>4: 63.0%).<span class=\"_ _393\"> </span>L<span class=\"_ _e\"></span>TGD<span class=\"_ _1\"></span>V is calculat<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> comparing the curr<span class=\"_ _1\"></span>ent expected end of<span class=\"_ _1\"></span> term e<span class=\"_ _1\"></span>xposure <span class=\"_ _1\"></span>with the latest estimat<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the completed dev<span class=\"_ _1\"></span>elopment based on surve<span class=\"_ _1\"></span>yors<span class=\"_ _1\"></span>\u2019 reports. <span class=\"_ _1\"></span>The f<span class=\"_ _1\"></span>ocus on residential pr<span class=\"_ _1\"></span>operty de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>within the portf<span class=\"_ _1\"></span>olio means that asset<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues will generally<span class=\"_ _1\"></span> mov<span class=\"_ _1\"></span>e in line with the UK<span class=\"_ _1\"></span> residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _1\"></span> market.<span class=\"_ _393\"> </span>An analysis of<span class=\"_ _1\"></span> the number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> cases in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s development finance portf<span class=\"_ _1\"></span>olio by<span class=\"_ _1\"></span> IFRS 9 impairment stage is set our<span class=\"_ _1\"></span> below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s wd8 hd6\" id=\"_4522577c-335e-4230-97fa-564ad5e6bc93\"><tr><td></td><td class=\"c n x36b y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c4e w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w3f2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Stage 1<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb8 y3cb2 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">215<span class=\"_ _393\"> </span></div></td><td class=\"c n xdb9 y3cb2 w182 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">214<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3f2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Stage 2<span class=\"_ _393\"> </span></div></td><td class=\"c n xdba y3c98 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbb y3c98 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3f2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Stage 3<span class=\"_ _393\"> </span></div></td><td class=\"c n xdba y3c62 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">23<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbb y3c62 w33 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3f3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">POCI<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbc y3c65 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbd y3c65 w16 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w14c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbe y3c48 w182 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">255<span class=\"_ _393\"> </span></div></td><td class=\"c n xdbf y3c48 w17f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">251<span class=\"_ _393\"> </span></div></td></tr></table>The POCI loan w<span class=\"_ _1\"></span>as recognised on <span class=\"_ _1\"></span>the acquisition of<span class=\"_ _1\"></span> part of<span class=\"_ _1\"></span> the de<span class=\"_ _1\"></span>velopment finance business and an allo<span class=\"_ _1\"></span>wance <span class=\"_ _1\"></span>for losses made in <span class=\"_ _1\"></span>the IFRS 3 fair <span class=\"_ _1\"></span>value calculation.<span class=\"_ _393\"> </span>The geographical distribution o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s de<span class=\"_ _1\"></span>velopment<span class=\"_ _1\"></span> finance loans by<span class=\"_ _1\"></span> gross carrying <span class=\"_ _1\"></span>value is se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w3f4 h119\" id=\"_47400db3-973a-43fa-acb7-27453370770f\"><tr><td></td><td class=\"c n x3cb y3c5e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c5e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdc0 y3cb5 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc1 y3cb5 w23a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c96 w3df hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">East Anglia<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a2 y3c96 w8b hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc2 y3c96 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w3e0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">East Midlands<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c5f w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c5f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w3e1 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Great<span class=\"_ _1\"></span>er London<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3c60 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3c60 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w3e2 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">North<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c40 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c40 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w3e3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">North W<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3cb6 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3cb6 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w3e4 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">South East<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e4 y3c97 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">32.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3c97 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">33.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3e5 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">South W<span class=\"_ _1\"></span>est<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc3 y3c61 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x42a y3c61 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w3e6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>est Midlands<span class=\"_ _393\"> </span></div></td><td class=\"c n x88f y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x890 y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3e7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>orkshire and Humber<span class=\"_ _1\"></span>side<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc4 y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc5 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w3e8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal England<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3cb2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">95.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e9 y3cb2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">95.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3e9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Northern Ireland<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc6 y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x1fd y3c98 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3ea hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Scotland<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c62 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3eb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">W<span class=\"_ _1\"></span>ales<span class=\"_ _393\"> </span></div></td><td class=\"c n x444 y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr></table>Asset finance and motor<span class=\"_ _1\"></span> finance<span class=\"_ _393\"> </span>Asset and motor<span class=\"_ _1\"></span> finance lending includes <span class=\"_ _1\"></span>finance lease and hire pur<span class=\"_ _1\"></span>chase arrangements, <span class=\"_ _1\"></span>which are accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> as finance leases under IFRS 16. <span class=\"_ _1\"></span>The aver<span class=\"_ _1\"></span>age contractual life o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the asset finance loans <span class=\"_ _1\"></span>was 53 months (2024: 51 months<span class=\"_ _1\"></span>) while <span class=\"_ _1\"></span>that of<span class=\"_ _1\"></span> the mot<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>finance loans w<span class=\"_ _1\"></span>as 69 months (2024: 69 months), but historical beha<span class=\"_ _1\"></span>viour sugg<span class=\"_ _1\"></span>ests that a significant pr<span class=\"_ _1\"></span>oportion of<span class=\"_ _1\"></span> customers <span class=\"_ _1\"></span>will choose to settle their<span class=\"_ _1\"></span> obligations early<span class=\"_ _0\"></span>. Asset finance customer<span class=\"_ _1\"></span>s are gener<span class=\"_ _1\"></span>ally small or<span class=\"_ _1\"></span> medium sized businesses. <span class=\"_ _1\"></span>The natur<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the assets underlying the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s asset finance lending, including loans financed <span class=\"_ _1\"></span>through BBB sponsor<span class=\"_ _1\"></span>ed schemes, by<span class=\"_ _1\"></span> gross carrying <span class=\"_ _1\"></span>value is se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w3f5 he6\" id=\"_fe311ac6-a143-4093-a157-213f7d9e1fdb\"><tr><td></td><td class=\"c n x3cb y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c60 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdc0 y3c40 w1b8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc1 y3c40 w23a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb6 w3f6 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Commercial vehicles<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3cb6 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">46.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3cb6 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">45.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c97 w3f7 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Construction plant<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a0 y3c97 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">26.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a1 y3c97 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">29.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w3f8 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Manufacturing<span class=\"_ _393\"> </span></div></td><td class=\"c n xb28 y3c61 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x853 y3c61 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w2b3 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>echnology<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0a y3c63 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc0b y3c63 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w3f9 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Refuse disposal v<span class=\"_ _1\"></span>ehicles<span class=\"_ _393\"> </span></div></td><td class=\"c n xd8f y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x650 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w3fa hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other vehicles<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc7 y3cb2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x777 y3cb2 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w3fb hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Agriculture<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc8 y3c98 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x450 y3c98 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w3fc hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Print and paper<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c62 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c62 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w383 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc9 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ff y3c65 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr></table>Motor<span class=\"_ _1\"></span> finance loans ar<span class=\"_ _1\"></span>e secured o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> cars, leisure <span class=\"_ _1\"></span>vehicles (<span class=\"_ _1\"></span>motorhomes, carav<span class=\"_ _1\"></span>ans and campervans<span class=\"_ _1\"></span>) and light commer<span class=\"_ _1\"></span>cial vehicles and repr<span class=\"_ _1\"></span>esent exposur<span class=\"_ _1\"></span>e to consumers and small businesses.<span class=\"_ _393\"> </span>Structured lending<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s structured lending division pr<span class=\"_ _1\"></span>ovides r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>olving loan facilities <span class=\"_ _1\"></span>to support non-bank lending businesses. L<span class=\"_ _1\"></span>oans are made <span class=\"_ _1\"></span>to a Special Purpose V<span class=\"_ _0\"></span>ehicle (\u2018SPV\u2019) company<span class=\"_ _1\"></span> controlled b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the customer and e<span class=\"_ _1\"></span>ffectively<span class=\"_ _1\"></span> secured on <span class=\"_ _1\"></span>the loans made by<span class=\"_ _1\"></span> the SPV<span class=\"_ _0\"></span>. Exposur<span class=\"_ _1\"></span>e is limited to a per<span class=\"_ _1\"></span>centage of<span class=\"_ _0\"></span> the underlying assets, providing a buff<span class=\"_ _1\"></span>er ag<span class=\"_ _1\"></span>ainst credit loss.<span class=\"_ _393\"> </span>Summary details o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the structured lending portfolio ar<span class=\"_ _0\"></span>e set out below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s wd8 h129\" id=\"_f75a68a3-4b85-4d2d-bff2-3c54b4e7ca94\"><tr><td></td><td class=\"c n x36b y3c45 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c45 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w3fd hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Number of active facilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xdca y3c50 w76 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13<span class=\"_ _393\"> </span></div></td><td class=\"c n xdcb y3c50 w33 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">11<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w3fe hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal f<span class=\"_ _1\"></span>acilities (\u00a3m)<span class=\"_ _393\"> </span></div></td><td class=\"c n xdcc y3c65 w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">403.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xdcd y3c65 w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">330.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w3ff hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value (\u00a3m)<span class=\"_ _393\"> </span></div></td><td class=\"c n xbdf y3c48 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">267.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xdce y3c48 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">256.9<span class=\"_ _393\"> </span></div></td></tr></table>The maximum advance under<span class=\"_ _1\"></span> these <span class=\"_ _1\"></span>facilities is generally<span class=\"_ _0\"></span> 80% of the underlying assets, ex<span class=\"_ _1\"></span>cept <span class=\"_ _1\"></span>where loans secur<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> residential property<span class=\"_ _1\"></span> form <span class=\"_ _1\"></span>the security<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>facility<span class=\"_ _0\"></span>, where 90% is permissible.<span class=\"_ _393\"> </span>Customers are char<span class=\"_ _1\"></span>ged inter<span class=\"_ _1\"></span>est on their<span class=\"_ _1\"></span> drawn balance at a r<span class=\"_ _1\"></span>ate linked <span class=\"_ _1\"></span>to SONIA, and a commitment fee on <span class=\"_ _1\"></span>the undrawn amount of<span class=\"_ _0\"></span> their <span class=\"_ _1\"></span>facility<span class=\"_ _0\"></span>. However<span class=\"_ _0\"></span>, ther<span class=\"_ _1\"></span>e is generally<span class=\"_ _1\"></span> no requir<span class=\"_ _1\"></span>ement <span class=\"_ _1\"></span>to make r<span class=\"_ _1\"></span>egular pa<span class=\"_ _1\"></span>yments of<span class=\"_ _1\"></span> specific amounts, with <span class=\"_ _1\"></span>the facilities operating on a re<span class=\"_ _1\"></span>volving basis, able <span class=\"_ _1\"></span>to be paid down and r<span class=\"_ _1\"></span>edrawn ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> term.<span class=\"_ _393\"> </span>The performance of<span class=\"_ _1\"></span> each loan is monitor<span class=\"_ _1\"></span>ed monthly on a case-b<span class=\"_ _1\"></span>y-case basis by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Credit Risk <span class=\"_ _1\"></span>function, assessing compliance with co<span class=\"_ _1\"></span>venants r<span class=\"_ _1\"></span>elating to both <span class=\"_ _1\"></span>the customer<span class=\"_ _1\"></span> and the performance and composition of<span class=\"_ _0\"></span> the asset pool. These assessments, which ar<span class=\"_ _1\"></span>e reported <span class=\"_ _1\"></span>to Cr<span class=\"_ _1\"></span>edit Committee, are used <span class=\"_ _1\"></span>to inform <span class=\"_ _1\"></span>the assessment of<span class=\"_ _1\"></span> expected cr<span class=\"_ _1\"></span>edit loss under IFRS 9<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>At 30 Sept<span class=\"_ _1\"></span>ember 2025 all <span class=\"_ _1\"></span>these facilities <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e identified as Stage 1. <span class=\"_ _1\"></span>At 30 Sept<span class=\"_ _1\"></span>ember 2024 one <span class=\"_ _1\"></span>facility <span class=\"_ _1\"></span>was identified as Stag<span class=\"_ _1\"></span>e 2 with the remainder<span class=\"_ _1\"></span> in Stage 1.<span class=\"_ _393\"> </span>BBB supported schemes<span class=\"_ _393\"> </span>These schemes are manag<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the British Business Bank (\u2018BBB\u2019) and loans made under<span class=\"_ _1\"></span> them ha<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>the benefit of<span class=\"_ _1\"></span> guarantees underwritten by<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> Government. The Corona<span class=\"_ _1\"></span>virus Business Interruption L<span class=\"_ _1\"></span>oan Scheme (\u2018CBILS\u2019) and the Bounce Back L<span class=\"_ _1\"></span>oan Scheme (\u2018BBLS\u2019) <span class=\"_ _1\"></span>were launched in 2020 and remained open <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> new applications until Mar<span class=\"_ _0\"></span>ch 2021. The Reco<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> Loan Scheme (\u2018RLS\u2019) <span class=\"_ _1\"></span>was launched in <span class=\"_ _0\"></span>April 2021 as a successor scheme and has subsequently been ext<span class=\"_ _1\"></span>ended twice. It <span class=\"_ _1\"></span>was av<span class=\"_ _1\"></span>ailable for<span class=\"_ _0\"></span> new lending until <span class=\"_ _1\"></span>June 2024 at which point<span class=\"_ _1\"></span> it w<span class=\"_ _1\"></span>as rebranded as the Gro<span class=\"_ _1\"></span>wth Guarantee Scheme (\u2018GGS\u2019), on broadly<span class=\"_ _0\"></span> similar terms.<span class=\"_ _393\"> </span>The Group o<span class=\"_ _1\"></span>ffer<span class=\"_ _1\"></span>ed term loans and asset <span class=\"_ _1\"></span>finance loans under <span class=\"_ _1\"></span>the CBIL scheme. Inter<span class=\"_ _1\"></span>est and f<span class=\"_ _1\"></span>ees wer<span class=\"_ _1\"></span>e paid by<span class=\"_ _1\"></span> the UK<span class=\"_ _1\"></span> Gov<span class=\"_ _1\"></span>ernment for<span class=\"_ _1\"></span> the first tw<span class=\"_ _1\"></span>elve months and <span class=\"_ _1\"></span>the gov<span class=\"_ _1\"></span>ernment guarantee co<span class=\"_ _1\"></span>vers up <span class=\"_ _1\"></span>to 80% of <span class=\"_ _1\"></span>the lender\u2019<span class=\"_ _0\"></span>s principal loss after <span class=\"_ _1\"></span>the application of an<span class=\"_ _1\"></span>y pr<span class=\"_ _1\"></span>oceeds from <span class=\"_ _1\"></span>the asset financed (if<span class=\"_ _1\"></span> applicable).<span class=\"_ _393\"> </span>Loans under<span class=\"_ _1\"></span> the BBL<span class=\"_ _1\"></span> scheme ar<span class=\"_ _1\"></span>e six y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>term loans at a standard 2.5% per<span class=\"_ _0\"></span> annum interest rate. <span class=\"_ _1\"></span>The UK Go<span class=\"_ _1\"></span>vernment paid <span class=\"_ _1\"></span>the interest on the loan f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the first<span class=\"_ _1\"></span> twelv<span class=\"_ _1\"></span>e months and pro<span class=\"_ _1\"></span>vides lenders with a guar<span class=\"_ _1\"></span>antee covering <span class=\"_ _1\"></span>the whole outstanding balance.<span class=\"_ _393\"> </span>The Group o<span class=\"_ _1\"></span>ffers <span class=\"_ _1\"></span>term loans and asset finance loans under<span class=\"_ _1\"></span> the RL<span class=\"_ _1\"></span>S / GGS. Interest<span class=\"_ _1\"></span> and fees ar<span class=\"_ _1\"></span>e payable b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the customer<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om inception. The go<span class=\"_ _1\"></span>vernment guarantee co<span class=\"_ _1\"></span>vers up <span class=\"_ _1\"></span>to 80% of<span class=\"_ _1\"></span> the lender\u2019<span class=\"_ _0\"></span>s principal loss, after <span class=\"_ _1\"></span>the application of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> proceeds fr<span class=\"_ _0\"></span>om the asset financed (if applicable<span class=\"_ _1\"></span>), on applications receiv<span class=\"_ _1\"></span>ed befor<span class=\"_ _1\"></span>e 1 <span class=\"_ _1\"></span>January 2022 and up <span class=\"_ _1\"></span>to 70% for<span class=\"_ _1\"></span> applications r<span class=\"_ _1\"></span>eceived ther<span class=\"_ _1\"></span>eafter<span class=\"_ _1\"></span> under <span class=\"_ _1\"></span>the RLS or<span class=\"_ _1\"></span> under the successor GGS.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s outstanding BBB supported loans at 30 September<span class=\"_ _1\"></span> 2025 w<span class=\"_ _1\"></span>ere:<span class=\"_ _393\"> </span><table class=\"s w400 h107\" id=\"_dec2a93a-9eb9-4e48-bfbe-0aa6b3f40ebf\"><tr><td></td><td class=\"c n x3cb y3c3b w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c3b w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3d0d w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3d0d w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e0c ff49 fs4 fc1 sc0 ls0 ws0\">RLS / GGS<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3d w401 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>erm loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xdcf y3c3d w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">41.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3c3d w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3e w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c3e w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c3e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3f w402 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal RLS / GGS<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e4 y3c3f w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">57.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e5 y3c3f w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e0d ff49 fs4 fc1 sc0 ls0 ws0\">CBILS<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w401 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>erm loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd0 y3c41 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd1 y3c41 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w136 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td><td class=\"c n x49f y3c42 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x4a0 y3c42 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w403 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal CBILS<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd2 y3c43 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x41d y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w404 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">BBLS<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c4e w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c4 y3c4e w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x778 y3c4f w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">64.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x779 y3c4f w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w405 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal term loans<span class=\"_ _393\"> </span></div></td><td class=\"c n x33d y3c50 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">46.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x430 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w406 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal asset finance (not<span class=\"_ _1\"></span>e 17)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ab y3c47 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c47 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x778 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">64.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x779 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.5<span class=\"_ _393\"> </span></div></td></tr></table>At 30 Sept<span class=\"_ _1\"></span>ember 2025, \u00a30<span class=\"_ _1\"></span>.6m of<span class=\"_ _1\"></span> this balance <span class=\"_ _1\"></span>was consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o be non-performing (2024: \u00a30.5m<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span>Arrears performance<span class=\"_ _393\"> </span>The number<span class=\"_ _1\"></span> of accounts in arr<span class=\"_ _1\"></span>ears by<span class=\"_ _1\"></span> asset class, based on <span class=\"_ _1\"></span>the most commonly quo<span class=\"_ _1\"></span>ted definition of<span class=\"_ _1\"></span> arrears <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>type of asse<span class=\"_ _1\"></span>t, at 30 September<span class=\"_ _1\"></span> 2025 and 30 September<span class=\"_ _1\"></span> 2024, compar<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the industry a<span class=\"_ _1\"></span>verages at<span class=\"_ _1\"></span> those dates published b<span class=\"_ _1\"></span>y UK Finance (\u2018UKF\u2019) and the Finance and Leasing <span class=\"_ _1\"></span>Association (\u2018FLA<span class=\"_ _0\"></span>\u2019), w<span class=\"_ _1\"></span>as:<span class=\"_ _393\"> </span><table class=\"s w407 h12a\" id=\"_79504a8c-e65d-4061-aeba-d93b3c50b68f\"><tr><td></td><td class=\"c n x250 y3c56 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd3 y3c56 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdd4 y3c57 w1b8 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd5 y3c57 w23a hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">%<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e0e ff49 fs4 fc1 sc0 ls0 ws0\">First mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e0f ff4a fs4 fc1 sc0 ls0 ws0\">Accounts more than thr<span class=\"_ _1\"></span>ee months in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c5a w408 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-to-let accounts including r<span class=\"_ _1\"></span>eceiver of rent c<span class=\"_ _1\"></span>ases<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a5 y3c5a w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.52<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd6 y3c5a w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.38<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c5b w409 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-to-let accounts e<span class=\"_ _1\"></span>xcluding r<span class=\"_ _1\"></span>eceiver of rent c<span class=\"_ _1\"></span>ases<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3c5b w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.34<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd7 y3c5b w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.19<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c34 w40a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Owner-occupied accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x53a y3c34 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.60<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3c34 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.59<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h52 y3e10 ff4a fs4 fc1 sc0 ls0 ws0\">UKF data f<span class=\"_ _1\"></span>or mortgag<span class=\"_ _1\"></span>e accounts more than thr<span class=\"_ _1\"></span>ee months in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3d17 w408 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-to-let accounts including r<span class=\"_ _1\"></span>eceiver of rent c<span class=\"_ _1\"></span>ases<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a5 y3d17 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.75<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd6 y3d17 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.87<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cdc w409 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Buy-to-let accounts e<span class=\"_ _1\"></span>xcluding r<span class=\"_ _1\"></span>eceiver of rent c<span class=\"_ _1\"></span>ases<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3cdc w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.64<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd7 y3cdc w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.76<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3cdd w40a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Owner-occupied accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x53a y3cdd w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.87<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3cdd w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.97<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c38 w40b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">All mortgages<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c38 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.83<span class=\"_ _393\"> </span></div></td><td class=\"c n x359 y3c38 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.93<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e11 ff49 fs4 fc1 sc0 ls0 ws0\">Second charge mortg<span class=\"_ _1\"></span>age loans<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e12 ff4a fs4 fc1 sc0 ls0 ws0\">Accounts more than 2 mon<span class=\"_ _1\"></span>ths in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c5e w40c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">All accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3c5e w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.60<span class=\"_ _393\"> </span></div></td><td class=\"c n x62c y3c5e w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.63<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c3c w40d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Post<span class=\"_ _1\"></span>-2010 originations<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c3c w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.54<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c3c w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.92<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c96 w40e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Legacy cases (pre-2010 originations)<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd8 y3c96 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">25.94<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c96 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">26.88<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c5f w40f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchased assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd9 y3c5f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">32.61<span class=\"_ _393\"> </span></div></td><td class=\"c n xdda y3c5f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.47<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w410 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">FLA data f<span class=\"_ _1\"></span>or second mortgag<span class=\"_ _1\"></span>e loans<span class=\"_ _393\"> </span></div></td><td class=\"c n xddb y3c60 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.80<span class=\"_ _393\"> </span></div></td><td class=\"c n x3b6 y3c60 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">6.50<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e13 ff49 fs4 fc1 sc0 ls0 ws0\">Motor finance loans<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e14 ff4a fs4 fc1 sc0 ls0 ws0\">Accounts more than 2 mon<span class=\"_ _1\"></span>ths in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x262 y3c61 w40c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">All accounts<span class=\"_ _393\"> </span></div></td><td class=\"c n xddc y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.91<span class=\"_ _393\"> </span></div></td><td class=\"c n xddd y3c61 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.06<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c63 w411 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Originated cases<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cd y3c63 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.91<span class=\"_ _393\"> </span></div></td><td class=\"c n xdde y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.06<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x262 y3c4e w40f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Purchased assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x891 y3c4e w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x434 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1.13<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cb2 w412 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">FLA data f<span class=\"_ _1\"></span>or consumer point of sale hire pur<span class=\"_ _1\"></span>chase<span class=\"_ _393\"> </span></div></td><td class=\"c n x902 y3cb2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.60<span class=\"_ _393\"> </span></div></td><td class=\"c n x926 y3cb2 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.10<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e15 ff49 fs4 fc1 sc0 ls0 ws0\">Asset finance loans<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c65 w413 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Accounts more than 2 mon<span class=\"_ _1\"></span>ths in arrear<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e6 y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.11<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ff y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.14<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w414 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">FLA data f<span class=\"_ _1\"></span>or business lease / hire purchase loans<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d7 y3c48 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.70<span class=\"_ _393\"> </span></div></td><td class=\"c n xab2 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.70<span class=\"_ _393\"> </span></div></td></tr></table>No published industry data <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> asset classes comparable t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s other<span class=\"_ _1\"></span> books has been identified. <span class=\"_ _1\"></span>Where r<span class=\"_ _1\"></span>evised data at 30 September<span class=\"_ _1\"></span> 2024 has been published by<span class=\"_ _1\"></span> the FLA<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> UKF<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>the comparative industry<span class=\"_ _1\"></span> figur<span class=\"_ _1\"></span>es above ha<span class=\"_ _1\"></span>ve been amended.<span class=\"_ _393\"> </span>Arrears inf<span class=\"_ _1\"></span>ormation is not given <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> dev<span class=\"_ _1\"></span>elopment finance, structur<span class=\"_ _1\"></span>ed lending or in<span class=\"_ _1\"></span>voice finance activities as <span class=\"_ _1\"></span>the structure o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the products means <span class=\"_ _1\"></span>that such a measure is no<span class=\"_ _1\"></span>t appropriate. No figur<span class=\"_ _1\"></span>e has been calculated for<span class=\"_ _0\"></span> unsecured Commercial L<span class=\"_ _1\"></span>ending balances due to <span class=\"_ _1\"></span>the size of<span class=\"_ _1\"></span> the exposur<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span>The Group calculat<span class=\"_ _1\"></span>es its headline arrears measur<span class=\"_ _1\"></span>e for<span class=\"_ _0\"></span> buy-to-let mortgages, sho<span class=\"_ _1\"></span>wn abov<span class=\"_ _1\"></span>e, based on the numbers of<span class=\"_ _1\"></span> accounts three months or<span class=\"_ _1\"></span> more in arr<span class=\"_ _1\"></span>ears, including pur<span class=\"_ _1\"></span>chased assets, but ex<span class=\"_ _1\"></span>cluding those cases in possession and r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of r<span class=\"_ _0\"></span>ent cases designated for<span class=\"_ _0\"></span> sale. This is consistent <span class=\"_ _1\"></span>with the methodology<span class=\"_ _1\"></span> used by<span class=\"_ _1\"></span> UKF in compiling its statistics <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the buy-<span class=\"_ _1\"></span>to-let mortgag<span class=\"_ _1\"></span>e market as a whole.<span class=\"_ _393\"> </span>The number<span class=\"_ _1\"></span> of accounts in arr<span class=\"_ _1\"></span>ears will natur<span class=\"_ _1\"></span>ally be higher<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or legac<span class=\"_ _1\"></span>y books, such as <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s legacy<span class=\"_ _1\"></span> second charge mortg<span class=\"_ _1\"></span>ages and residential <span class=\"_ _1\"></span>first mortgages <span class=\"_ _1\"></span>than for<span class=\"_ _0\"></span> comparable active ones, as performing accounts pay<span class=\"_ _1\"></span> off<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> balances, leaving arrear<span class=\"_ _1\"></span>s accounts repr<span class=\"_ _1\"></span>esenting a greater<span class=\"_ _0\"></span> proportion of <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal.<span class=\"_ _393\"> </span>The figur<span class=\"_ _1\"></span>es shown abo<span class=\"_ _1\"></span>ve f<span class=\"_ _1\"></span>or second charg<span class=\"_ _1\"></span>e mortgage loans incorporat<span class=\"_ _1\"></span>e purchased portfolios <span class=\"_ _1\"></span>which generally<span class=\"_ _0\"></span> include a high proportion of<span class=\"_ _0\"></span> cases in arrears at the <span class=\"_ _1\"></span>time of pur<span class=\"_ _1\"></span>chase and wher<span class=\"_ _1\"></span>e this le<span class=\"_ _1\"></span>vel o<span class=\"_ _1\"></span>f performance is allo<span class=\"_ _1\"></span>wed f<span class=\"_ _1\"></span>or in <span class=\"_ _1\"></span>the discount t<span class=\"_ _1\"></span>o current balance repr<span class=\"_ _1\"></span>esented by<span class=\"_ _1\"></span> the pur<span class=\"_ _1\"></span>chase price. How<span class=\"_ _1\"></span>ever<span class=\"_ _0\"></span>, this <span class=\"_ _1\"></span>will lead to higher<span class=\"_ _1\"></span> than a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e reported arr<span class=\"_ _1\"></span>ears.<span class=\"_ _393\"> </span>Acquired assets<span class=\"_ _393\"> </span>A significant<span class=\"_ _1\"></span> proportion of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s second charge mortgage balances <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e part of<span class=\"_ _1\"></span> purchased debt portf<span class=\"_ _1\"></span>olios, wher<span class=\"_ _1\"></span>e the consideration paid w<span class=\"_ _1\"></span>as based on the cr<span class=\"_ _1\"></span>edit quality<span class=\"_ _1\"></span> and performance of<span class=\"_ _1\"></span> the loans at <span class=\"_ _1\"></span>the point of<span class=\"_ _1\"></span> the tr<span class=\"_ _1\"></span>ansaction. No additional loans to customers tr<span class=\"_ _1\"></span>eated as POCI <span class=\"_ _1\"></span>were acquir<span class=\"_ _0\"></span>ed in the year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2024 or<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2025.<span class=\"_ _393\"> </span>Collections on purchased accounts hav<span class=\"_ _1\"></span>e been comfortably<span class=\"_ _1\"></span> in excess o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>those implicit in the pur<span class=\"_ _1\"></span>chase prices.<span class=\"_ _393\"> </span>In the debt pur<span class=\"_ _1\"></span>chase industry<span class=\"_ _0\"></span>, Estimated Remaining Collections (\u2018ERC\u2019) is commonly used as a measur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> a portfolio. This is defined as the sum o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the undiscounted cash flo<span class=\"_ _1\"></span>ws expected <span class=\"_ _1\"></span>to be receiv<span class=\"_ _1\"></span>ed ov<span class=\"_ _1\"></span>er a specified <span class=\"_ _1\"></span>future period. In <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s view<span class=\"_ _0\"></span>, this measure ma<span class=\"_ _1\"></span>y be suitable f<span class=\"_ _1\"></span>or hea<span class=\"_ _1\"></span>vily discounted, unsecur<span class=\"_ _1\"></span>ed, distr<span class=\"_ _1\"></span>essed portfolios (which <span class=\"_ _1\"></span>will be tr<span class=\"_ _1\"></span>eated as POCI under<span class=\"_ _1\"></span> IFRS 9), but is less applicable for<span class=\"_ _0\"></span> the types of<span class=\"_ _1\"></span> portfolio in which <span class=\"_ _1\"></span>the Group has in<span class=\"_ _1\"></span>vested, <span class=\"_ _1\"></span>where cash <span class=\"_ _1\"></span>flows ar<span class=\"_ _1\"></span>e higher<span class=\"_ _1\"></span> on acquisition, loans may be secured on pr<span class=\"_ _1\"></span>operty and cust<span class=\"_ _1\"></span>omers may<span class=\"_ _1\"></span> not be in default. In such cases, <span class=\"_ _1\"></span>the IFRS 9 amortised cost balance, at which these asse<span class=\"_ _1\"></span>ts are carried in <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s balance sheet, pro<span class=\"_ _1\"></span>vides a better<span class=\"_ _1\"></span> indication of <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span>Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, to aid comparability<span class=\"_ _0\"></span>, the 84 and 120 month ERCs v<span class=\"_ _1\"></span>alue f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s purchased consumer<span class=\"_ _1\"></span> loan assets, are se<span class=\"_ _1\"></span>t out below<span class=\"_ _0\"></span>. These are deriv<span class=\"_ _1\"></span>ed using the same models and assumptions used in <span class=\"_ _1\"></span>the EIR calculations. ERCs are set out<span class=\"_ _1\"></span> both for<span class=\"_ _1\"></span> all pur<span class=\"_ _1\"></span>chased consumer portf<span class=\"_ _1\"></span>olios and for<span class=\"_ _1\"></span> those classified as POCI under<span class=\"_ _1\"></span> IFRS 9.<span class=\"_ _393\"> </span><table class=\"s w415 hdb\" id=\"_7e9f3c31-314e-4891-838a-5f36d93268a7\"><tr><td></td><td class=\"c n x463 y3c40 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x464 y3c40 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n x465 y3c40 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2023<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x37a y3c41 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3c41 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x466 y3c41 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e16 ff49 fs4 fc1 sc0 ls0 ws0\">All purchased consumer assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c43 w138 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n xa48 y3c43 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">31.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x328 y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">41.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xddf y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">58.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w416 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">84 month ERCs<span class=\"_ _393\"> </span></div></td><td class=\"c n xde0 y3c63 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">36.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xde1 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">48.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xde2 y3c63 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">68.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w417 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">120 month ERCs<span class=\"_ _393\"> </span></div></td><td class=\"c n x539 y3c4e w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">40.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">52.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x448 y3c4e w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c x1a7 y3c50 w418 h125\"><div class=\"t m0 x19e h4e y3c6a ff49 fs4 fc1 sc0 ls0 ws0\">POCI assets only<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying value<span class=\"_ _393\"> </span></div></td><td class=\"c n x8db y3c50 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">9.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e8 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">10.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xde3 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w416 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">84 month ERCs<span class=\"_ _393\"> </span></div></td><td class=\"c n xde0 y3c65 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">13.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xde1 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xde2 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w417 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">120 month ERCs<span class=\"_ _393\"> </span></div></td><td class=\"c n x539 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x448 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">27.8<span class=\"_ _393\"> </span></div></td></tr></table>Amounts shown abov<span class=\"_ _1\"></span>e are disclosed as loans <span class=\"_ _1\"></span>to customers (<span class=\"_ _1\"></span>note 16). <span class=\"_ _1\"></span>They<span class=\"_ _1\"></span> include first mortg<span class=\"_ _1\"></span>ages and second charg<span class=\"_ _1\"></span>e mortgage loans.<span class=\"_ _393\"> </span>Inves<span class=\"_ _1\"></span>tment securities The credit<span class=\"_ _1\"></span> risk inherent in <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment<span class=\"_ _1\"></span> securities is controlled b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>AL<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>, which determines <span class=\"_ _1\"></span>the nature o<span class=\"_ _1\"></span>f securities <span class=\"_ _1\"></span>which may<span class=\"_ _1\"></span> be invested in and <span class=\"_ _1\"></span>the types of<span class=\"_ _0\"></span> issuers in whose securities the Group ma<span class=\"_ _1\"></span>y in<span class=\"_ _1\"></span>vest. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup has formal risk appe<span class=\"_ _1\"></span>tites, policies and limits, appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Risk<span class=\"_ _1\"></span> and Compliance Committee. The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s holdings at 30 September<span class=\"_ _1\"></span> 2025, described in note 15, comprise gilts issued b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the UK Gov<span class=\"_ _1\"></span>ernment and cov<span class=\"_ _1\"></span>ered bonds issued by<span class=\"_ _1\"></span> UK institutions. The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investments ar<span class=\"_ _1\"></span>e analysed belo<span class=\"_ _1\"></span>w accor<span class=\"_ _1\"></span>ding to <span class=\"_ _1\"></span>the public credit r<span class=\"_ _1\"></span>ating assigned to institutional exposur<span class=\"_ _1\"></span>es, or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> the cr<span class=\"_ _1\"></span>edit ratings assigned by<span class=\"_ _1\"></span> Fitch f<span class=\"_ _1\"></span>or so<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>eign (UK Gov<span class=\"_ _1\"></span>ernment) exposur<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span><table class=\"s w419 h12b\" id=\"_08d77349-bcea-4378-a5e9-0f3bbcfad69c\"><tr><td></td><td></td><td class=\"c n xde4 y3c44 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xde5 y3c44 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xde6 y3cd2 w41a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Sovereign<span class=\"_ _393\"> </span></div></td><td class=\"c n xde7 y3cd2 w41b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Institutional<span class=\"_ _393\"> </span></div></td><td class=\"c n xde8 y3cd2 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n xde9 y3cd2 w41c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sovereign<span class=\"_ _393\"> </span></div></td><td class=\"c n xdea y3cd2 w41d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Institutional<span class=\"_ _393\"> </span></div></td><td class=\"c n xdeb y3cd2 w41e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _e\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdec y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xded y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xdee y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xdef y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf0 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf1 y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e17 ff49 fs4 fc1 sc0 ls0 ws0\">Rating<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 w41f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">AAA<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf2 y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf3 y3c50 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf4 y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x61a y3c50 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf5 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf6 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w420 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls16 ws8d\">AA-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf7 y3c47 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf8 y3c47 w84 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdf9 y3c47 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdfa y3c47 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">404.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdfb y3c47 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdfc y3c47 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">404.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xdfd y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdfe y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">116.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xdff y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe00 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">404.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe01 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe02 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td></tr></table>Cash balances<span class=\"_ _393\"> </span>The credit<span class=\"_ _1\"></span> risk inherent in <span class=\"_ _1\"></span>the cash positions of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Company<span class=\"_ _0\"></span> is controlled by <span class=\"_ _0\"></span>ALCO<span class=\"_ _1\"></span>, which det<span class=\"_ _1\"></span>ermines which institutions deposits may<span class=\"_ _1\"></span> be placed with. <span class=\"_ _1\"></span>The Group has <span class=\"_ _1\"></span>formal risk appe<span class=\"_ _1\"></span>tites, policies and limits, appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Risk<span class=\"_ _1\"></span> and Compliance Committee. T<span class=\"_ _1\"></span>hese include limitations on large exposur<span class=\"_ _1\"></span>es t<span class=\"_ _1\"></span>o mitigate any<span class=\"_ _1\"></span> concentration risk in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> its investments. F<span class=\"_ _0\"></span>or cash deposits within <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s securitisation structures, the scheme documents <span class=\"_ _1\"></span>will set out criteria <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> allowable in<span class=\"_ _1\"></span>vestments, including rating thresholds.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s cash balances are held in sterling at<span class=\"_ _1\"></span> the Bank of<span class=\"_ _0\"></span> England and at highly rated banks in curr<span class=\"_ _1\"></span>ent and call accounts. Cash is also invested in short<span class=\"_ _1\"></span>-term fix<span class=\"_ _1\"></span>ed rate mone<span class=\"_ _1\"></span>y mark<span class=\"_ _1\"></span>et deposits <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>time to <span class=\"_ _1\"></span>time. The carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s and the Company\u2019<span class=\"_ _0\"></span>s cash balances analysed by<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> long-term cr<span class=\"_ _0\"></span>edit rating as determined by Fit<span class=\"_ _1\"></span>ch is set out below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s wd8 h119\" id=\"_51f0ce97-64d4-4a4d-89f6-312fe3e70aba\"><tr><td></td><td class=\"c n x36b y3c5e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3c5e w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x250 y3c3c w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c3c w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e18 ff49 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e19 ff4a fs4 fc1 sc0 ls0 ws0\">Cash with central bank<span class=\"_ _1\"></span>s rat<span class=\"_ _1\"></span>ed:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c x1a7 y3e1b w421 h12c\"><div class=\"t m0 xe03 h4e y3e1a ff4a fs4 fc1 sc0 ls16 wsdf\">AA-<span class=\"_ _393\"> </span></div><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Cash with retail bank<span class=\"_ _1\"></span>s rat<span class=\"_ _1\"></span>ed:<span class=\"_ _393\"> </span></div></td><td class=\"c n x38b y3c60 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,175.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe04 y3c60 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,315.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c42 w422 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls16 wsdf\">AA-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe05 y3c42 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">175.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xde3 y3c42 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">98.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x260 y3c61 w423 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">A+<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c61 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">38.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b6 y3c61 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">111.7<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3de y3c63 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">213.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3df y3c63 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">209.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w424 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal e<span class=\"_ _1\"></span>xposure<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c4f w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e1c ff49 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h52 y3e1d ff4a fs4 fc1 sc0 ls0 ws0\">Cash with retail bank<span class=\"_ _1\"></span>s rat<span class=\"_ _1\"></span>ed:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x260 y3c48 w423 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 wscb\">A+<span class=\"_ _393\"> </span></div></td><td class=\"c n x352 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x43e y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td></tr></table>CSA<span class=\"_ _1\"></span> assets, which ar<span class=\"_ _1\"></span>e placed with r<span class=\"_ _1\"></span>etail banks, hav<span class=\"_ _1\"></span>e similar<span class=\"_ _1\"></span> ratings to <span class=\"_ _1\"></span>those shown abo<span class=\"_ _1\"></span>ve f<span class=\"_ _1\"></span>or r<span class=\"_ _1\"></span>etail bank deposits.<span class=\"_ _393\"> </span>Movements in gr<span class=\"_ _1\"></span>adings in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> relate principally<span class=\"_ _0\"></span> to re-ratings of<span class=\"_ _1\"></span> se<span class=\"_ _1\"></span>veral of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s principal counterparties by Fitch. Credit risk<span class=\"_ _1\"></span> on all these balances, and any<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est accrued ther<span class=\"_ _1\"></span>eon, is considered <span class=\"_ _1\"></span>to be minimal. <span class=\"_ _1\"></span>These balances are consider<span class=\"_ _1\"></span>ed as Stage 1 f<span class=\"_ _1\"></span>or IFRS 9 impairment purposes <span class=\"_ _1\"></span>with a PD such that any<span class=\"_ _0\"></span> provision requir<span class=\"_ _1\"></span>ed w<span class=\"_ _1\"></span>ould be immaterial.<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>rade debtors<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s trade deb<span class=\"_ _1\"></span>tors balance repr<span class=\"_ _1\"></span>esents principally<span class=\"_ _1\"></span> amounts outstanding on unpaid operating lease obligations in the asse<span class=\"_ _1\"></span>t finance business, wher<span class=\"_ _1\"></span>e similar accep<span class=\"_ _1\"></span>tance criteria to <span class=\"_ _1\"></span>those used for<span class=\"_ _1\"></span> finance lease cases apply<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Financial assets at fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets held at <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue comprise solely deriv<span class=\"_ _1\"></span>ative financial instruments used <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> hedging purposes (note 2<span class=\"_ _1\"></span>4).<span class=\"_ _393\"> </span>In order<span class=\"_ _1\"></span> to contr<span class=\"_ _1\"></span>ol cr<span class=\"_ _1\"></span>edit risk relating <span class=\"_ _1\"></span>to counterparties <span class=\"_ _1\"></span>to the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s derivative financial instruments, <span class=\"_ _0\"></span>ALCO r<span class=\"_ _1\"></span>eview<span class=\"_ _1\"></span>s and appro<span class=\"_ _1\"></span>ves which counterparties the Gr<span class=\"_ _1\"></span>oup will deal <span class=\"_ _1\"></span>with, establishes limits for<span class=\"_ _0\"></span> each counterparty and monitors compliance with <span class=\"_ _1\"></span>those limits. <span class=\"_ _1\"></span>Any changes necessary<span class=\"_ _1\"></span> are advised <span class=\"_ _1\"></span>to ERC. <span class=\"_ _1\"></span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s counterparties are <span class=\"_ _1\"></span>typically highly<span class=\"_ _0\"></span> rated banks and, for<span class=\"_ _1\"></span> all derivativ<span class=\"_ _1\"></span>e positions held within securitisation structur<span class=\"_ _1\"></span>es, must comply <span class=\"_ _1\"></span>with criteria set out in <span class=\"_ _1\"></span>the financing arrang<span class=\"_ _1\"></span>ements, which ar<span class=\"_ _1\"></span>e monitor<span class=\"_ _1\"></span>ed externally<span class=\"_ _0\"></span>. Since June 2019<span class=\"_ _0\"></span>, the Group has been centrally<span class=\"_ _1\"></span> clearing certain eligible derivativ<span class=\"_ _1\"></span>es with a Central Clearing Count<span class=\"_ _1\"></span>erparty (\u2018CCP\u2019) <span class=\"_ _1\"></span>which remo<span class=\"_ _1\"></span>ves cr<span class=\"_ _1\"></span>edit risk between bilat<span class=\"_ _1\"></span>eral counterparties and ensures <span class=\"_ _1\"></span>timely se<span class=\"_ _1\"></span>ttlement and / or porting o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative contracts in <span class=\"_ _1\"></span>the ev<span class=\"_ _1\"></span>ent of<span class=\"_ _1\"></span> the failur<span class=\"_ _0\"></span>e of a counterparty<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s net exposur<span class=\"_ _1\"></span>e position on centrally<span class=\"_ _1\"></span> cleared deriv<span class=\"_ _1\"></span>ative is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w425 hf7\" id=\"_069a5f3c-6ff6-4e2b-acc3-7ae50c615e4c\"><tr><td></td><td class=\"c n x3cb y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c4f w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c45 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c45 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w56 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">240.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c50 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">317.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w62 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n x49a y3c65 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(65.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n x659 y3c65 w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(98.9)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x405 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">175.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x406 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">218.4<span class=\"_ _393\"> </span></div></td></tr></table>These amounts are no<span class=\"_ _1\"></span>t offset in <span class=\"_ _1\"></span>the accounts of <span class=\"_ _1\"></span>the Gr<span class=\"_ _1\"></span>oup.<span class=\"_ _393\"> </span>The Group uses <span class=\"_ _1\"></span>the ISDA<span class=\"_ _0\"></span> Master <span class=\"_ _1\"></span>Agreement and Cr<span class=\"_ _1\"></span>edit Support <span class=\"_ _1\"></span>Annex (\u2018CSA<span class=\"_ _0\"></span>\u2019) f<span class=\"_ _1\"></span>or documenting unclear<span class=\"_ _1\"></span>ed derivativ<span class=\"_ _1\"></span>e activity<span class=\"_ _1\"></span>. Under<span class=\"_ _1\"></span> a CSA, collateral is passed betw<span class=\"_ _1\"></span>een counterparties t<span class=\"_ _1\"></span>o mitigate the mark<span class=\"_ _1\"></span>et contingent<span class=\"_ _1\"></span> counterparty risk<span class=\"_ _1\"></span> inherent in <span class=\"_ _1\"></span>the outstanding positions. Collateral pledged <span class=\"_ _1\"></span>to such counterparties by<span class=\"_ _1\"></span> the Gr<span class=\"_ _0\"></span>oup is shown in note 25, while collateral pledg<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the Group is sho<span class=\"_ _1\"></span>wn in note 37<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s exposure <span class=\"_ _1\"></span>to cr<span class=\"_ _1\"></span>edit risk in r<span class=\"_ _1\"></span>espect of <span class=\"_ _1\"></span>the counterparties t<span class=\"_ _1\"></span>o its derivativ<span class=\"_ _1\"></span>e financial assets, analysed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>their long<span class=\"_ _1\"></span>-term cr<span class=\"_ _1\"></span>edit rating as determined b<span class=\"_ _1\"></span>y Fitch is set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w426 h12d\" id=\"_f50a1236-4d1a-4837-b115-6d69ae21c5cd\"><tr><td></td><td class=\"c n x3cb y3d0d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3d0d w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c3c w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c3c w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e1e ff49 fs4 fc1 sc0 ls0 ws0\">Carrying value of deriva<span class=\"_ _1\"></span>tive financial assets<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e1f ff4a fs4 fc1 sc0 ls0 ws0\">Counterparties r<span class=\"_ _1\"></span>ated<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3f w427 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">AA<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d6 y3c3f w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3db y3c3f w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cae w420 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls16 ws8d\">AA-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b5 y3cae w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">237.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x428 y3cae w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w428 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">A+<span class=\"_ _393\"> </span></div></td><td class=\"c n x403 y3c41 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">37.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe06 y3c41 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">357.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w429 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">A<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x88a y3c42 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w42a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls16 ws8d\">A-<span class=\"_ _393\"> </span></div></td><td class=\"c n x849 y3c43 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c43 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w42b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Gross e<span class=\"_ _1\"></span>xposure (note 24)<span class=\"_ _393\"> </span></div></td><td class=\"c n x372 y3c44 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x373 y3c44 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e20 ff49 fs4 fc1 sc0 ls0 ws0\">Collater<span class=\"_ _1\"></span>al amounts post<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 w42c hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">CSA collat<span class=\"_ _1\"></span>eral amounts (not<span class=\"_ _1\"></span>e 37)<span class=\"_ _393\"> </span></div></td><td class=\"c n xe07 y3c45 w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(86.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xe08 y3c45 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(103.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w42d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal colla<span class=\"_ _1\"></span>teral<span class=\"_ _393\"> </span></div></td><td class=\"c n x4cf y3c50 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(86.3)<span class=\"_ _393\"> </span></div></td><td class=\"c n xe09 y3c50 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(103.6)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w42e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Net exposur<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td><td class=\"c n x372 y3c48 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x373 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">288.2<span class=\"_ _393\"> </span></div></td></tr></table>Movements in gr<span class=\"_ _1\"></span>adings in the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> result <span class=\"_ _1\"></span>from upgr<span class=\"_ _1\"></span>ades to se<span class=\"_ _1\"></span>veral o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s principal counterparties.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-442": {
   "value": "60. <span class=\"_ _2\"></span>Liquidity risk<span class=\"_ _393\"> </span>Liquidity risk is <span class=\"_ _1\"></span>the risk <span class=\"_ _1\"></span>that the Gr<span class=\"_ _1\"></span>oup might be unable to mee<span class=\"_ _1\"></span>t its liabilities and financial commitments as <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> fall due. The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s principal source o<span class=\"_ _1\"></span>f liquidity<span class=\"_ _1\"></span> risk is fr<span class=\"_ _1\"></span>om its re<span class=\"_ _1\"></span>tail deposit funding. <span class=\"_ _1\"></span>Amounts raised ar<span class=\"_ _1\"></span>e typically<span class=\"_ _1\"></span> used to support<span class=\"_ _1\"></span> lending activities wher<span class=\"_ _1\"></span>e maturity is o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> a longer<span class=\"_ _1\"></span> period than <span class=\"_ _1\"></span>that of <span class=\"_ _1\"></span>the deposits. <span class=\"_ _1\"></span>This maturity <span class=\"_ _1\"></span>transformation e<span class=\"_ _1\"></span>xposes the Gr<span class=\"_ _1\"></span>oup to liquidity<span class=\"_ _1\"></span> risk.<span class=\"_ _393\"> </span>Other sour<span class=\"_ _1\"></span>ces of<span class=\"_ _1\"></span> liquidity risk in <span class=\"_ _1\"></span>the normal course of<span class=\"_ _1\"></span> business include that arising:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>In the medium <span class=\"_ _1\"></span>term fr<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s corporate and cover<span class=\"_ _1\"></span>ed bonds which ar<span class=\"_ _1\"></span>e used to support<span class=\"_ _1\"></span> its general operations and <span class=\"_ _1\"></span>from its participation in central bank funding schemes<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s derivativ<span class=\"_ _1\"></span>es portfolio, <span class=\"_ _1\"></span>which gives rise <span class=\"_ _1\"></span>to liquidity risk due <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>the collateral requir<span class=\"_ _1\"></span>ements t<span class=\"_ _1\"></span>o cover<span class=\"_ _1\"></span> adver<span class=\"_ _1\"></span>se changes in valuation<span class=\"_ _393\"> </span>Liquidity is also r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to pr<span class=\"_ _1\"></span>ovide capital support f<span class=\"_ _1\"></span>or ne<span class=\"_ _1\"></span>w loans and <span class=\"_ _1\"></span>working capital f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>As an authorised deposit-tak<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, the liquidity position of<span class=\"_ _1\"></span> Parag<span class=\"_ _1\"></span>on Bank PL<span class=\"_ _1\"></span>C, <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s banking subsidiary<span class=\"_ _1\"></span>, is also managed on a stand-alone basis.<span class=\"_ _393\"> </span>Set out below<span class=\"_ _1\"></span> is a summary o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the contractual cash flo<span class=\"_ _1\"></span>ws expected <span class=\"_ _1\"></span>to arise fr<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s financial and leasing liabilities, based on the earliest date at <span class=\"_ _1\"></span>which repayment<span class=\"_ _1\"></span> can be demanded.<span class=\"_ _393\"> </span><table class=\"s w26f h12e\" id=\"_72c7e52a-89f2-4d17-b699-14e39e6e93a9\"><tr><td></td><td></td><td></td><td class=\"t m0 xe0a h4e y3e21 ff49 fs4 fc1 sc0 ls0 ws0\">Amounts pay<span class=\"_ _1\"></span>able<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xe0b h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">In one year </td><td class=\"t m0 xe0c h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0d h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0e h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 x316 h4e y3e22 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xe0f h4e y3e23 ff49 fs4 fc1 sc0 ls0 ws0\">or less, or on </td><td class=\"t m0 x9d3 h4e y3e23 ff49 fs4 fc1 sc0 ls0 ws0\">one year<span class=\"_ _0\"></span>, but </td><td class=\"t m0 xe10 h4e y3e23 ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s but </td><td class=\"t m0 x8af h4e y3e23 ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s </td><td></td></tr><tr><td></td><td class=\"t m0 x96b h4e y3e24 ff49 fs4 fc1 sc0 ls0 ws0\">demand </td><td class=\"t m0 xe11 h4e y3e24 ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td class=\"t m0 xe12 h4e y3e24 ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x313 h4e y3e25 ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td class=\"t m0 xe13 h4e y3e25 ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cf0 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e26 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cf2 w61 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xe14 y3cf2 w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,091.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe15 y3cf2 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,054.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe16 y3cf2 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">632.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe17 y3cf2 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe18 y3cf2 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,859.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w42f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xe19 y3ca3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,092.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xc8c y3ca3 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">33.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xcff y3ca3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">532.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x3f6 y3ca3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">156.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x4aa y3ca3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,815.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf3 w430 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal non-deriv<span class=\"_ _1\"></span>ative liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1a y3cf3 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,184.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1b y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,087.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1c y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,164.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1d y3cf3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">237.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1e y3cf3 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18,674.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d31 w431 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1f y3d31 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">42.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe20 y3d31 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe21 y3d31 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x643 y3d31 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe22 y3d31 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">80.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe23 y3cd9 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,226.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe24 y3cd9 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,108.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe25 y3cd9 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,182.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe26 y3cd9 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">237.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe27 y3cd9 w54 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">18,755.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e27 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w61 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xe14 y3c4f w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,559.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe28 y3c4f w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,657.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x360 y3c4f w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">740.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x361 y3c4f w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">63.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe29 y3c4f w55 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">17,020.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w42f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Borrowings<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2a y3c45 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">150.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2b y3c45 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">761.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x627 y3c45 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">28.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c45 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">163.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2c y3c45 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,102.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w430 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal non-deriv<span class=\"_ _1\"></span>ative liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1a y3c62 w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,710.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2d y3c62 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,418.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2e y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">768.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x943 y3c62 w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">226.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe2f y3c62 w55 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">18,123.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w431 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe1f y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe30 y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">31.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe31 y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">52.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe32 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e1 y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">112.6<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe23 y3c48 w15f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">14,731.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe33 y3c48 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2,450.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe34 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">820.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe35 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">233.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xe36 y3c48 w5f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">18,236.1<span class=\"_ _393\"> </span></div></td></tr></table>As the amounts set out<span class=\"_ _1\"></span> above include all e<span class=\"_ _1\"></span>xpected futur<span class=\"_ _1\"></span>e cash flow<span class=\"_ _1\"></span>s, including principal and interest, <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> will no<span class=\"_ _1\"></span>t correspond <span class=\"_ _1\"></span>to amortised cost or <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue amounts reported in <span class=\"_ _1\"></span>the balance sheet. F<span class=\"_ _1\"></span>urther inf<span class=\"_ _1\"></span>ormation on the liquidity<span class=\"_ _1\"></span> exposure arising <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s retail deposits, securitisation and o<span class=\"_ _1\"></span>ther borr<span class=\"_ _1\"></span>owings is set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>. The liquidity e<span class=\"_ _1\"></span>xposures of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y arise only<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om its borro<span class=\"_ _1\"></span>wings, and are set<span class=\"_ _1\"></span> out below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>The ov<span class=\"_ _1\"></span>erall responsibility<span class=\"_ _0\"></span> for <span class=\"_ _1\"></span>the management of<span class=\"_ _1\"></span> liquidity risk<span class=\"_ _1\"></span> rests <span class=\"_ _1\"></span>with AL<span class=\"_ _0\"></span>CO which makes r<span class=\"_ _1\"></span>ecommendations f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s liquidity policy<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> board appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>al. <span class=\"_ _1\"></span>AL<span class=\"_ _1\"></span>CO monitors liquidity<span class=\"_ _1\"></span> risk metrics within limits se<span class=\"_ _1\"></span>t by<span class=\"_ _1\"></span> the Boar<span class=\"_ _1\"></span>d and / or r<span class=\"_ _1\"></span>egulators and uses detailed cash flow pr<span class=\"_ _0\"></span>ojections to ensure that<span class=\"_ _1\"></span> an adequate lev<span class=\"_ _1\"></span>el of liquidity<span class=\"_ _1\"></span> is av<span class=\"_ _1\"></span>ailable at all times.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s and the Bank\u2019<span class=\"_ _0\"></span>s liquidity position is manag<span class=\"_ _1\"></span>ed on a day-t<span class=\"_ _1\"></span>o-day basis b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the tr<span class=\"_ _1\"></span>easury <span class=\"_ _1\"></span>function, under <span class=\"_ _1\"></span>the supervision of<span class=\"_ _1\"></span> AL<span class=\"_ _0\"></span>CO.<span class=\"_ _393\"> </span>Retail deposits<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s retail <span class=\"_ _1\"></span>funding strategy<span class=\"_ _1\"></span> is focussed on building a stable mix o<span class=\"_ _1\"></span>f deposit pr<span class=\"_ _1\"></span>oducts. <span class=\"_ _1\"></span>A high pr<span class=\"_ _1\"></span>oportion of<span class=\"_ _1\"></span> balances, around 95%, are pr<span class=\"_ _1\"></span>otected b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the FSCS which mitig<span class=\"_ _1\"></span>ates against the possibility<span class=\"_ _0\"></span> of a retail run.<span class=\"_ _393\"> </span>The cash outflow<span class=\"_ _1\"></span>s, including principal and estimated interest<span class=\"_ _1\"></span> contractually r<span class=\"_ _1\"></span>equired b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s retail deposit<span class=\"_ _1\"></span> balances, analysed by<span class=\"_ _1\"></span> the earliest date at<span class=\"_ _1\"></span> which r<span class=\"_ _1\"></span>epayment can be demanded ar<span class=\"_ _1\"></span>e set out below:<span class=\"_ _393\"> </span><table class=\"s w20a h10d\" id=\"_bf20b2a6-a996-48b1-b084-c6cef16d2149\"><tr><td></td><td class=\"c n x3cb y3c41 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3c41 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x3bb y3c42 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c42 w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w432 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable on demand<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c61 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8,206.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c61 w18 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7,697.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w433 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than three mon<span class=\"_ _1\"></span>ths<span class=\"_ _393\"> </span></div></td><td class=\"c n xe37 y3c63 w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,446.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xe38 y3c63 w4f hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,718.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w434 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than one year but mor<span class=\"_ _1\"></span>e than three months<span class=\"_ _393\"> </span></div></td><td class=\"c n x25c y3c4e w17 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5,438.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c4e w18 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5,144.1<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w435 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than one year or on demand<span class=\"_ _393\"> </span></div></td><td class=\"c n xe39 y3c4f w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">15,091.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b1 y3c4f w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">14,559.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w436 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in one to tw<span class=\"_ _1\"></span>o years<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3a y3c98 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,054.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3b y3c98 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,657.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w437 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in two t<span class=\"_ _1\"></span>o five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c7 y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">632.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c8 y3c62 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">740.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w438 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable aft<span class=\"_ _1\"></span>er more than five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xd3c y3c65 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">63.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe3d y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,859.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3e y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">17,020.6<span class=\"_ _393\"> </span></div></td></tr></table>In order<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>educe the liquidity<span class=\"_ _1\"></span> risk inher<span class=\"_ _1\"></span>ent in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s retail deposit balances, the PR<span class=\"_ _1\"></span>A r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>es that <span class=\"_ _1\"></span>the Bank, like other<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>egulated banks, maintains a buffer<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> liquid assets to ensur<span class=\"_ _1\"></span>e it has sufficient av<span class=\"_ _1\"></span>ailable funds at all <span class=\"_ _1\"></span>times to pr<span class=\"_ _1\"></span>otect ag<span class=\"_ _1\"></span>ainst unfor<span class=\"_ _1\"></span>eseen circumstances. <span class=\"_ _1\"></span>The amount of<span class=\"_ _0\"></span> this buffer is calculated using Individual Liquidity<span class=\"_ _1\"></span> Guidance (\u2018IL<span class=\"_ _1\"></span>G\u2019) set by<span class=\"_ _0\"></span> the PRA based on <span class=\"_ _1\"></span>the Internal Liquidity <span class=\"_ _0\"></span>Adequacy <span class=\"_ _1\"></span>Assessment Process (\u2018ILAAP\u2019) undertak<span class=\"_ _1\"></span>en by<span class=\"_ _1\"></span> the Bank. <span class=\"_ _1\"></span>The ILAAP determines <span class=\"_ _1\"></span>the liquid resour<span class=\"_ _0\"></span>ces that must be maintained in the Bank <span class=\"_ _1\"></span>to meet <span class=\"_ _1\"></span>the Overall Liquidity<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Adequacy<span class=\"_ _1\"></span> Rule (\u2018OLAR\u2019) and to ensur<span class=\"_ _1\"></span>e that<span class=\"_ _1\"></span> it can meet its liabilities as the<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> fall due. It is based on an analysis o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Bank\u2019<span class=\"_ _0\"></span>s business as usual forecast cash r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ements but also considers their<span class=\"_ _1\"></span> predict<span class=\"_ _1\"></span>ed behaviour<span class=\"_ _1\"></span> in stressed conditions. At 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>the liquidity buffer<span class=\"_ _0\"></span> comprised the following on and o<span class=\"_ _1\"></span>ff balance sheet asse<span class=\"_ _1\"></span>ts. All <span class=\"_ _1\"></span>these assets ar<span class=\"_ _1\"></span>e held within Paragon Bank. Balances <span class=\"_ _1\"></span>with central banks ar<span class=\"_ _1\"></span>e immediately<span class=\"_ _1\"></span> available, <span class=\"_ _1\"></span>while investment<span class=\"_ _1\"></span> securities can be readily<span class=\"_ _1\"></span> monetised with <span class=\"_ _1\"></span>third parties, thr<span class=\"_ _1\"></span>ough repo <span class=\"_ _1\"></span>transactions, or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> use of Bank<span class=\"_ _1\"></span> of England liquidity<span class=\"_ _1\"></span> facilities.<span class=\"_ _393\"> </span><table class=\"s w439 h12b\" id=\"_cff4fb1a-5663-4a1d-9d46-413b6ed0497f\"><tr><td></td><td></td><td class=\"c n x3b9 y3c44 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x3ba y3c44 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3bb y3c4e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4e w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w115 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Balances with central bank<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x25c y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,110.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x25d y3c4f w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,207.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe3f y3c45 w76 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b5 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe40 y3c45 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w43a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal on balance sheet liquidity<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x5f2 y3c50 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,736.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe41 y3c50 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,635.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w43b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Long / short repo tr<span class=\"_ _1\"></span>ansaction<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x36d y3c47 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x36e y3c47 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x3d0 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,886.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d1 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,785.3<span class=\"_ _393\"> </span></div></td></tr></table>Balances with central banks abo<span class=\"_ _1\"></span>ve ex<span class=\"_ _1\"></span>clude gr<span class=\"_ _1\"></span>oup tr<span class=\"_ _1\"></span>easury balances placed on deposit at <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England thr<span class=\"_ _1\"></span>ough Parag<span class=\"_ _1\"></span>on Bank (note 25).<span class=\"_ _393\"> </span>Paragon Bank<span class=\"_ _1\"></span> manages its Liquidity<span class=\"_ _1\"></span> Cover<span class=\"_ _1\"></span>age Ratio (\u2018L<span class=\"_ _1\"></span>CR\u2019), the le<span class=\"_ _1\"></span>vel of<span class=\"_ _0\"></span> its High Quality Liquid Assets (\u2018HQLA<span class=\"_ _0\"></span>\u2019) r<span class=\"_ _1\"></span>elative t<span class=\"_ _1\"></span>o its short-term <span class=\"_ _1\"></span>forecast<span class=\"_ _1\"></span> net cash outflow<span class=\"_ _1\"></span>s, in a stressed scenario. <span class=\"_ _0\"></span>A minimum lev<span class=\"_ _1\"></span>el of L<span class=\"_ _0\"></span>CR is set by <span class=\"_ _1\"></span>the PRA<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or all r<span class=\"_ _1\"></span>egulated financial institutions. As at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2025, the Bank\u2019<span class=\"_ _0\"></span>s L<span class=\"_ _1\"></span>CR was comf<span class=\"_ _1\"></span>ortably abo<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>the requir<span class=\"_ _1\"></span>ed minimum regulatory<span class=\"_ _1\"></span> standard. <span class=\"_ _0\"></span>The Bank also manages its Net Stable F<span class=\"_ _0\"></span>unding Ratio (\u2018NSFR\u2019) which measures <span class=\"_ _1\"></span>the stability o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the funding pr<span class=\"_ _1\"></span>ofile in relation <span class=\"_ _1\"></span>to the composition of its asse<span class=\"_ _1\"></span>ts and off balance shee<span class=\"_ _1\"></span>t activities.<span class=\"_ _393\"> </span>Liquidity is not<span class=\"_ _1\"></span> regulated at Gr<span class=\"_ _1\"></span>oup lev<span class=\"_ _1\"></span>el.<span class=\"_ _393\"> </span>Borrowings<span class=\"_ _393\"> </span>Set out below<span class=\"_ _1\"></span> is the contr<span class=\"_ _1\"></span>actual maturity pr<span class=\"_ _1\"></span>ofile of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s and the Company\u2019<span class=\"_ _0\"></span>s borrowings at 30 Sept<span class=\"_ _1\"></span>ember 2025 and 30 September<span class=\"_ _1\"></span> 2024 based on their<span class=\"_ _1\"></span> carrying v<span class=\"_ _1\"></span>alues.<span class=\"_ _393\"> </span>The Group<span class=\"_ _393\"> </span><table class=\"s w43c h12f\" id=\"_1396cb17-5a24-4fb0-a313-e640b6f8a474\"><tr><td></td><td></td><td></td><td class=\"t m0 x313 h4e y3e28 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities falling due:<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xe0b h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">In one year </td><td class=\"t m0 xe0c h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0d h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0e h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 x316 h4e y3e29 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xe0f h4e y3e2a ff49 fs4 fc1 sc0 ls0 ws0\">or less, or on </td><td class=\"t m0 x9d3 h4e y3e2a ff49 fs4 fc1 sc0 ls0 ws0\">one year<span class=\"_ _0\"></span>, but </td><td class=\"t m0 xe10 h4e y3e2a ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s but </td><td class=\"t m0 x8af h4e y3e2a ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s </td><td></td></tr><tr><td></td><td class=\"t m0 x96b h4e y3e2b ff49 fs4 fc1 sc0 ls0 ws0\">demand </td><td class=\"t m0 xe11 h4e y3e2b ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td class=\"t m0 xe12 h4e y3e2b ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x313 h4e y3e2c ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td class=\"t m0 xe13 h4e y3e2c ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f6 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3da2 w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e2d ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3da4 w43d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Bank overdr<span class=\"_ _1\"></span>afts<span class=\"_ _393\"> </span></div></td><td class=\"c n xe42 y3da4 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ff y3da4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x889 y3da4 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x344 y3da4 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d9 y3da4 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c9b w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xe43 y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b7 y3c9b w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe44 y3c9b w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3c9b w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf0 w212 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xe45 y3cf0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe46 y3cf0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3cf0 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe48 y3cf0 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x392 y3cf0 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3da6 w68 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe49 y3da6 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">944.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x335 y3da6 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4a y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4b y3da6 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4c y3da6 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">950.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf2 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4d y3cf2 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4e y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4f y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe50 y3cf2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1d y3cf2 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w2ae hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe51 y3ca3 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3ca3 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x358 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a3 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x51f y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,047.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe52 y3cf3 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe53 y3cf3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">501.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe54 y3cf3 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe55 y3cf3 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,706.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e2e ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w43d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Bank overdr<span class=\"_ _1\"></span>afts<span class=\"_ _393\"> </span></div></td><td class=\"c n xe42 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe46 y3c63 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3c63 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe56 y3c63 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb21 y3c63 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w64 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xe43 y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x32a y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84c y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84d y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x84e y3c4e w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w212 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xe45 y3c4f w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe46 y3c4f w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3c4f w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe48 y3c4f w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe57 y3c4f w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c98 w68 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Central bank f<span class=\"_ _1\"></span>acilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe58 y3c98 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x52d y3c98 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">744.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x8fd y3c98 w49 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe59 y3c98 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c98 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">755.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w69 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xe4d y3c62 w96 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8d2 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5a y3c62 w66 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5b y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xc69 y3c62 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2ae hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe51 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5c y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5d y3c65 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5e y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe5f y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">108.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe60 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">746.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe61 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe62 y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xe63 y3c48 w4f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1,013.2<span class=\"_ _393\"> </span></div></td></tr></table>The Company<span class=\"_ _393\"> </span><table class=\"s w26f h130\" id=\"_c01cbd13-2270-42c2-bf0c-30505e228ca7\"><tr><td></td><td></td><td></td><td class=\"t m0 x313 h4e y3e2f ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities falling due:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xe0b h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">In one year </td><td class=\"t m0 xe0c h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 xe0d h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td></td><td class=\"t m0 xe0e h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">In more than </td><td class=\"t m0 x316 h4e y3e30 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xe0f h4e y3e31 ff49 fs4 fc1 sc0 ls0 ws0\">or less, or on </td><td class=\"t m0 x9d3 h4e y3e31 ff49 fs4 fc1 sc0 ls0 ws0\">one year<span class=\"_ _0\"></span>, but </td><td class=\"t m0 xe10 h4e y3e31 ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s but </td><td></td><td class=\"t m0 x8af h4e y3e31 ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s </td><td></td></tr><tr><td></td><td class=\"t m0 x96b h4e y3e32 ff49 fs4 fc1 sc0 ls0 ws0\">demand </td><td class=\"t m0 xe11 h4e y3e32 ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td class=\"t m0 xe12 h4e y3e32 ff49 fs4 fc1 sc0 ls0 ws0\">not more than </td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x313 h4e y3e33 ff49 fs4 fc1 sc0 ls0 ws0\">two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td class=\"t m0 xe13 h4e y3e33 ff49 fs4 fc1 sc0 ls0 ws0\">five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x4f3 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f4 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f5 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x4f6 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4f7 y3cf3 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e34 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cd9 w212 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xe45 y3cd9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe46 y3cd9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3cd9 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe48 y3cd9 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x392 y3cd9 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cda w2ae hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe51 y3cda w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x638 y3cda w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8ab y3cda w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x358 y3cda w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x454 y3cda w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe64 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe65 y3d7c w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe66 y3d7c w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">153.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe67 y3d7c w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">160.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e35 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c62 w212 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bond<span class=\"_ _393\"> </span></div></td><td class=\"c n xe45 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe46 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe47 y3c62 w34 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe48 y3c62 w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe57 y3c62 w4b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w2ae hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Lease liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xe51 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe5c y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x21a y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe68 y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x65f y3c65 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">12.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4f3 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe69 y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe6a y3c48 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe6b y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">154.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe6c y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">162.0<span class=\"_ _393\"> </span></div></td></tr></table>IFRS 7 requires <span class=\"_ _1\"></span>the disclosure o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>future contractual cash <span class=\"_ _1\"></span>flows (including int<span class=\"_ _1\"></span>erest) on <span class=\"_ _1\"></span>these borrowings, and <span class=\"_ _1\"></span>these are described and set out on <span class=\"_ _1\"></span>the follo<span class=\"_ _1\"></span>wing pages.<span class=\"_ _393\"> </span>Securitisation<span class=\"ff6\"> </span>While the Gr<span class=\"_ _1\"></span>oup has sev<span class=\"_ _1\"></span>eral issues of<span class=\"_ _1\"></span> asset-backed loan no<span class=\"_ _1\"></span>tes outstanding, which ar<span class=\"_ _1\"></span>e rated and publicly<span class=\"_ _1\"></span> listed, at 30 September<span class=\"_ _0\"></span> 2025 all of <span class=\"_ _1\"></span>these w<span class=\"_ _1\"></span>ere held internally<span class=\"_ _1\"></span> and ar<span class=\"_ _1\"></span>e available <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> use as security <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> other borr<span class=\"_ _1\"></span>owings, as described under<span class=\"_ _1\"></span> \u2018additional liquidity\u2019 belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>The Group has hist<span class=\"_ _1\"></span>orically used securitisation as a principal sour<span class=\"_ _1\"></span>ce of<span class=\"_ _1\"></span> funding, but curr<span class=\"_ _1\"></span>ently only<span class=\"_ _1\"></span> accesses this mark<span class=\"_ _1\"></span>et on a strat<span class=\"_ _1\"></span>egic basis with no external balances outstanding at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2025 or 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _1\"></span>. In a securitisation an SPV<span class=\"_ _1\"></span> company <span class=\"_ _1\"></span>within the Group <span class=\"_ _1\"></span>will issue asset back<span class=\"_ _1\"></span>ed loan notes secured on a pool o<span class=\"_ _1\"></span>f mortgag<span class=\"_ _1\"></span>e or o<span class=\"_ _1\"></span>ther loan assets beneficially<span class=\"_ _0\"></span> owned by <span class=\"_ _1\"></span>the SPV<span class=\"_ _1\"></span> either to external inv<span class=\"_ _1\"></span>estors in a public off<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, or to another<span class=\"_ _1\"></span> gr<span class=\"_ _1\"></span>oup company<span class=\"_ _0\"></span>. Notes held internally can be used as security <span class=\"_ _1\"></span>to access other<span class=\"_ _1\"></span> funding sources.<span class=\"_ _393\"> </span>The notes hav<span class=\"_ _1\"></span>e a maturity dat<span class=\"_ _1\"></span>e later <span class=\"_ _1\"></span>than the <span class=\"_ _1\"></span>final repayment<span class=\"_ _1\"></span> date for<span class=\"_ _0\"></span> any asset in the pool, <span class=\"_ _1\"></span>typically o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> thirty<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>years fr<span class=\"_ _1\"></span>om the issue date. T<span class=\"_ _1\"></span>he noteholders ar<span class=\"_ _1\"></span>e entitled to r<span class=\"_ _1\"></span>eceive r<span class=\"_ _1\"></span>epayment of<span class=\"_ _0\"></span> the note principal fr<span class=\"_ _1\"></span>om principal funds generat<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the loan assets from <span class=\"_ _1\"></span>time to <span class=\"_ _1\"></span>time, but their<span class=\"_ _1\"></span> right <span class=\"_ _1\"></span>to the r<span class=\"_ _1\"></span>epayment of<span class=\"_ _1\"></span> principal is limited t<span class=\"_ _1\"></span>o the cash av<span class=\"_ _1\"></span>ailable in the SPV<span class=\"_ _0\"></span>. It is <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>that a substantial proportion of<span class=\"_ _0\"></span> the notes will be r<span class=\"_ _1\"></span>epaid within <span class=\"_ _1\"></span>five y<span class=\"_ _1\"></span>ears.<span class=\"_ _393\"> </span>Similarly<span class=\"_ _1\"></span>, payment o<span class=\"_ _1\"></span>f accrued inter<span class=\"_ _1\"></span>est t<span class=\"_ _1\"></span>o the noteholders is limit<span class=\"_ _1\"></span>ed to cash gener<span class=\"_ _1\"></span>ated within <span class=\"_ _1\"></span>the SPV<span class=\"_ _0\"></span>. T<span class=\"_ _1\"></span>here is no r<span class=\"_ _1\"></span>equirement <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> group company<span class=\"_ _1\"></span> other<span class=\"_ _1\"></span> than <span class=\"_ _1\"></span>the issuing SPV<span class=\"_ _1\"></span> to mak<span class=\"_ _1\"></span>e principal or int<span class=\"_ _1\"></span>erest pa<span class=\"_ _1\"></span>yments in respect of<span class=\"_ _0\"></span> the notes. T<span class=\"_ _1\"></span>his matching of <span class=\"_ _1\"></span>the maturities of <span class=\"_ _1\"></span>the assets and <span class=\"_ _1\"></span>the related <span class=\"_ _1\"></span>funding substantially r<span class=\"_ _1\"></span>educes the SPV\u2019<span class=\"_ _0\"></span>s exposur<span class=\"_ _1\"></span>e to liquidity<span class=\"_ _1\"></span> risk. The Group also has an op<span class=\"_ _1\"></span>tion to r<span class=\"_ _1\"></span>epay<span class=\"_ _1\"></span> all the notes on an<span class=\"_ _1\"></span>y issue at an earlier<span class=\"_ _0\"></span> date (the \u2018call date<span class=\"_ _1\"></span>\u2019), at their<span class=\"_ _1\"></span> outstanding principal amount.<span class=\"_ _393\"> </span>The Group publishes de<span class=\"_ _1\"></span>tailed information on the perf<span class=\"_ _1\"></span>ormance of all its no<span class=\"_ _1\"></span>te issues on the Bond Inv<span class=\"_ _1\"></span>estor<span class=\"_ _1\"></span> Reporting section of<span class=\"_ _1\"></span> its website at www<span class=\"_ _1\"></span>.paragonbankinggr<span class=\"_ _1\"></span>oup.co.uk. In each case the Gr<span class=\"_ _1\"></span>oup pro<span class=\"_ _1\"></span>vides funding t<span class=\"_ _1\"></span>o the SPV<span class=\"_ _0\"></span> at inception, subordinated to <span class=\"_ _1\"></span>the notes, <span class=\"_ _1\"></span>which means that <span class=\"_ _1\"></span>the primary cr<span class=\"_ _1\"></span>edit risk on the pool assets is r<span class=\"_ _1\"></span>etained within <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he Group r<span class=\"_ _1\"></span>eceives the r<span class=\"_ _0\"></span>esidual income generated by <span class=\"_ _1\"></span>the assets. <span class=\"_ _1\"></span>These fact<span class=\"_ _1\"></span>ors mean that the risks and r<span class=\"_ _1\"></span>ew<span class=\"_ _1\"></span>ards o<span class=\"_ _1\"></span>f owner<span class=\"_ _1\"></span>ship of <span class=\"_ _1\"></span>the assets r<span class=\"_ _1\"></span>emain with the Gr<span class=\"_ _1\"></span>oup, and hence <span class=\"_ _1\"></span>the loans remain on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s balance sheet, whether<span class=\"_ _0\"></span> the notes are issued ext<span class=\"_ _1\"></span>ernally or<span class=\"_ _1\"></span> retained.<span class=\"_ _393\"> </span>Cash receiv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om time t<span class=\"_ _1\"></span>o time in each SPV<span class=\"_ _0\"></span> is held until the next interest pa<span class=\"_ _1\"></span>yment date when, <span class=\"_ _1\"></span>following pa<span class=\"_ _1\"></span>yment of<span class=\"_ _1\"></span> principal, interest<span class=\"_ _1\"></span> and the associated costs of<span class=\"_ _0\"></span> the SPV<span class=\"_ _0\"></span>, the remaining balances become a<span class=\"_ _1\"></span>vailable t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup. Cash balances are also held <span class=\"_ _1\"></span>within each SPV<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>ovide cr<span class=\"_ _1\"></span>edit enhancement f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the particular securitisation, allo<span class=\"_ _1\"></span>wing interest<span class=\"_ _1\"></span> and principal payments to be made e<span class=\"_ _1\"></span>ven if<span class=\"_ _1\"></span> some of <span class=\"_ _1\"></span>the loans default. <span class=\"_ _1\"></span>The cash balances of<span class=\"_ _1\"></span> the SP<span class=\"_ _1\"></span>V companies ar<span class=\"_ _1\"></span>e included within <span class=\"_ _1\"></span>the restrict<span class=\"_ _1\"></span>ed cash balances disclosed in note 14 as \u2018securitisation cash<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>.<span class=\"_ _393\"> </span>Rated notes in issue at 30 Sept<span class=\"_ _1\"></span>ember 2025 and 30 Sept<span class=\"_ _1\"></span>ember 2024<span class=\"_ _1\"></span>, which <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e all held by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, wer<span class=\"_ _0\"></span>e:<span class=\"_ _393\"> </span><table class=\"s w21a h131\" id=\"_ac7d8a25-18c1-4939-90ec-e15dbeb80f1a\"><tr><td class=\"c n x1a7 y3e36 w43e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Issuer<span class=\"_ _393\"> </span></div></td><td class=\"c n xe6d y3e36 w43f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Maturity date<span class=\"_ _393\"> </span></div></td><td class=\"c n xe6e y3e36 w440 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Call date<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xe6f y3e36 w441 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal outstanding<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3cb y3e37 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x3cc y3e37 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3bb y3c4f w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bc y3c4f w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w442 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 27) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xe70 y3c45 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/04/47<span class=\"_ _393\"> </span></div></td><td class=\"c n xe71 y3c45 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/10/25<span class=\"_ _393\"> </span></div></td><td class=\"c n xe72 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">478.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">595.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w442 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 28) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xe70 y3c50 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/47<span class=\"_ _393\"> </span></div></td><td class=\"c n xe71 y3c50 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/25<span class=\"_ _393\"> </span></div></td><td class=\"c n xe72 y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">509.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c50 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">586.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w442 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 29) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xe70 y3c65 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/55<span class=\"_ _393\"> </span></div></td><td class=\"c n xe71 y3c65 w30e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15/12/28<span class=\"_ _393\"> </span></div></td><td class=\"c n xe72 y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">855.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x33e y3c65 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">855.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x3d0 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,843.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3d1 y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,036.5<span class=\"_ _393\"> </span></div></td></tr></table>Interest is pa<span class=\"_ _1\"></span>yable on <span class=\"_ _1\"></span>the notes at a fix<span class=\"_ _1\"></span>ed margin abo<span class=\"_ _1\"></span>ve the compounded S<span class=\"_ _1\"></span>terling Overnight Int<span class=\"_ _1\"></span>erbank <span class=\"_ _1\"></span>Aver<span class=\"_ _1\"></span>age Rate (\u2018SONIA<span class=\"_ _0\"></span>\u2019) and they<span class=\"_ _1\"></span> are all denominated in st<span class=\"_ _1\"></span>erling.<span class=\"_ _393\"> </span>The details of<span class=\"_ _1\"></span> the assets backing <span class=\"_ _1\"></span>these securities are giv<span class=\"_ _1\"></span>en in note 16.<span class=\"_ _393\"> </span>On 15 October 2025, aft<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear end, <span class=\"_ _1\"></span>the Group r<span class=\"_ _1\"></span>edeemed all the outstanding no<span class=\"_ _1\"></span>tes of <span class=\"_ _1\"></span>the Parag<span class=\"_ _1\"></span>on Mortgages (No. 27) PL<span class=\"_ _0\"></span>C securitisation at par<span class=\"_ _0\"></span>. The underlying assets <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e subsequently <span class=\"_ _1\"></span>funded by<span class=\"_ _1\"></span> other gr<span class=\"_ _1\"></span>oup companies. Notice has been given <span class=\"_ _1\"></span>to noteholders <span class=\"_ _1\"></span>that the Gr<span class=\"_ _1\"></span>oup will r<span class=\"_ _1\"></span>edeem all the outstanding no<span class=\"_ _1\"></span>tes of<span class=\"_ _1\"></span> the Parag<span class=\"_ _1\"></span>on Mortgages (No. 28) PL<span class=\"_ _0\"></span>C securitisation at par on 15 December<span class=\"_ _0\"></span> 2025, after the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end.<span class=\"_ _393\"> </span>On 26 June 2019<span class=\"_ _0\"></span>, the Group disposed of<span class=\"_ _1\"></span> its beneficial inter<span class=\"_ _1\"></span>est in the Par<span class=\"_ _1\"></span>agon Mortgages (No<span class=\"_ _1\"></span>. 12) PL<span class=\"_ _1\"></span>C (\u2018PM 12\u2019) securitisation. <span class=\"_ _1\"></span>At that<span class=\"_ _1\"></span> point, the liabilities in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the PM 12 loan notes <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e derecognised b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group, although <span class=\"_ _1\"></span>the notes r<span class=\"_ _1\"></span>emain in issue. <span class=\"_ _1\"></span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s continuing involv<span class=\"_ _1\"></span>ement in the <span class=\"_ _1\"></span>transaction is described in note 49<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>Corporate debt<span class=\"_ _393\"> </span>The Group issued \u00a3150<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>0m of <span class=\"_ _1\"></span>tier<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>2 debt in March 2021. <span class=\"_ _0\"></span>This bond is optionally callable between 25 <span class=\"_ _0\"></span>June 2026 and 25 September 2026 and has a final maturity<span class=\"_ _1\"></span> date of<span class=\"_ _1\"></span> 25 September<span class=\"_ _1\"></span> 2031.<span class=\"_ _393\"> </span>On 24 F<span class=\"_ _0\"></span>ebruary 2025, Paragon Bank<span class=\"_ _1\"></span> PL<span class=\"_ _1\"></span>C established a cov<span class=\"_ _1\"></span>ered bond pr<span class=\"_ _1\"></span>ogramme, regulat<span class=\"_ _1\"></span>ed and appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Financial Conduct Authority (\u2018F<span class=\"_ _0\"></span>CA<span class=\"_ _1\"></span>\u2019). Under<span class=\"_ _1\"></span> this pr<span class=\"_ _1\"></span>ogramme, Paragon Bank<span class=\"_ _1\"></span> has the ability<span class=\"_ _1\"></span> to issue a <span class=\"_ _1\"></span>total of<span class=\"_ _1\"></span> up to \u00a35,<span class=\"_ _0\"></span>000.0m of<span class=\"_ _1\"></span> bonds, secured on a pool of mortg<span class=\"_ _1\"></span>age assets, <span class=\"_ _1\"></span>when market conditions ar<span class=\"_ _1\"></span>e acceptable, <span class=\"_ _1\"></span>with a relativ<span class=\"_ _1\"></span>e short prepar<span class=\"_ _1\"></span>ation and lead time. <span class=\"_ _1\"></span>The Group has so <span class=\"_ _1\"></span>far<span class=\"_ _1\"></span> made one issue under <span class=\"_ _1\"></span>this progr<span class=\"_ _1\"></span>amme, with \u00a3500<span class=\"_ _1\"></span>.0m of<span class=\"_ _1\"></span> principal currently<span class=\"_ _0\"></span> outstanding (note 32).<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s ability <span class=\"_ _1\"></span>to issue debt is supported b<span class=\"_ _1\"></span>y its public cr<span class=\"_ _1\"></span>edit ratings issued b<span class=\"_ _1\"></span>y Fitch and Moody\u2019<span class=\"_ _0\"></span>s, which incr<span class=\"_ _1\"></span>ease the r<span class=\"_ _1\"></span>ange of<span class=\"_ _1\"></span> funding solutions available. On 6 F<span class=\"_ _0\"></span>ebruary 2025, Fitch Ratings affirmed the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s Long-<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>erm Issuer<span class=\"_ _1\"></span> Default Rating at BBB+, <span class=\"_ _1\"></span>with a stable outlook. It also affirmed the senior<span class=\"_ _1\"></span> unsecured deb<span class=\"_ _1\"></span>t rating at BBB and its BBB+ L<span class=\"_ _1\"></span>ong-term Issuer<span class=\"_ _1\"></span> Default Rating <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> Paragon Bank.<span class=\"_ _393\"> </span>On 29 November<span class=\"_ _0\"></span> 2024, Moody\u2019<span class=\"_ _0\"></span>s Investors Service commenced cov<span class=\"_ _1\"></span>erage of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, assigning a long-<span class=\"_ _1\"></span>term issuer<span class=\"_ _1\"></span> rating of<span class=\"_ _1\"></span> Baa3 to the Group and a long<span class=\"_ _1\"></span>-term deposit rating o<span class=\"_ _1\"></span>f Baa2 <span class=\"_ _1\"></span>to Parag<span class=\"_ _1\"></span>on Bank. These r<span class=\"_ _1\"></span>atings wer<span class=\"_ _1\"></span>e affirmed by<span class=\"_ _1\"></span> Moody\u2019<span class=\"_ _0\"></span>s on 9 October 2025, after<span class=\"_ _1\"></span> the year<span class=\"_ _1\"></span> end.<span class=\"_ _393\"> </span>Central bank facilities<span class=\"_ _393\"> </span>The Group has accessed <span class=\"_ _1\"></span>term cr<span class=\"_ _1\"></span>edit facilities under<span class=\"_ _1\"></span> the centr<span class=\"_ _1\"></span>al bank schemes described in note 35. <span class=\"_ _1\"></span>While the majority<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s funding under <span class=\"_ _1\"></span>the TF<span class=\"_ _1\"></span>SME is repay<span class=\"_ _1\"></span>able shortly after<span class=\"_ _1\"></span> the balance sheet<span class=\"_ _1\"></span> date, the Bank o<span class=\"_ _1\"></span>f England has indicated <span class=\"_ _1\"></span>that it expects <span class=\"_ _1\"></span>firms to use its other schemes, such as <span class=\"_ _1\"></span>the IL<span class=\"_ _e\"></span>TR, as part of <span class=\"_ _1\"></span>their day<span class=\"_ _1\"></span>-to-da<span class=\"_ _1\"></span>y liquidity<span class=\"_ _1\"></span> management operations. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup has prepositioned further assets <span class=\"_ _1\"></span>with the Bank<span class=\"_ _1\"></span> of England <span class=\"_ _1\"></span>which can be used to r<span class=\"_ _1\"></span>elease mor<span class=\"_ _1\"></span>e funds under<span class=\"_ _1\"></span> these schemes f<span class=\"_ _1\"></span>or liquidity<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> other purposes. At 30 Sept<span class=\"_ _1\"></span>ember 2025 <span class=\"_ _1\"></span>the amount of<span class=\"_ _1\"></span> drawings av<span class=\"_ _1\"></span>ailable in respect o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>epositioned assets w<span class=\"_ _1\"></span>as \u00a34,<span class=\"_ _0\"></span>168.3m (2024: \u00a34,445.9m<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span>Additional liquidity<span class=\"_ _393\"> </span>The Group holds certain o<span class=\"_ _1\"></span>f its o<span class=\"_ _1\"></span>wn listed, externally<span class=\"_ _1\"></span> rated, asset back<span class=\"_ _1\"></span>ed securities which ma<span class=\"_ _1\"></span>y be used as security<span class=\"_ _1\"></span> to access <span class=\"_ _1\"></span>term credit and o<span class=\"_ _1\"></span>ther <span class=\"_ _1\"></span>facilities, including those off<span class=\"_ _1\"></span>ered b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England. T<span class=\"_ _1\"></span>he principal v<span class=\"_ _1\"></span>alue of <span class=\"_ _1\"></span>these notes is analy<span class=\"_ _1\"></span>sed by<span class=\"_ _1\"></span> credit grade and utilisation status below<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span><table class=\"s w443 he1\" id=\"_0db4d1a8-f38c-4502-a6d9-0a06122b7db6\"><tr><td></td><td></td><td class=\"c n xe5f y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td></td><td></td><td class=\"c n xe73 y3c42 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xe74 y3c43 w444 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Utilised<span class=\"_ _393\"> </span></div></td><td class=\"c n xe75 y3c43 w445 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable<span class=\"_ _393\"> </span></div></td><td class=\"c n xe76 y3c43 w158 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal<span class=\"_ _393\"> </span></div></td><td class=\"c n xe77 y3c43 w446 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Utilised<span class=\"_ _393\"> </span></div></td><td class=\"c n xe78 y3c43 w447 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Av<span class=\"_ _1\"></span>ailable<span class=\"_ _393\"> </span></div></td><td class=\"c n xe79 y3c43 w448 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _e\"></span>otal<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe7a y3c63 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7b y3c63 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7c y3c63 w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7d y3c63 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7e y3c63 w14 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe7f y3c63 w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e38 ff49 fs4 fc1 sc0 ls0 ws0\">Rating<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w41f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">AAA<span class=\"_ _393\"> </span></div></td><td class=\"c n xe80 y3c4f w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">215.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe81 y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,353.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf3 y3c4f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,568.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x6ef y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">225.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xe82 y3c4f w18 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,536.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe83 y3c4f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,761.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w449 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">AA+ / AA / AA-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe84 y3c45 w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xe85 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">109.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x86a y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">115.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x35a y3c45 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">5.8<span class=\"_ _393\"> </span></div></td><td class=\"c n xc77 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">109.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xe86 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">115.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w44a hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">A+ / A / A-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe87 y3c50 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xe88 y3c50 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">70.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe89 y3c50 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">73.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x7ef y3c50 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">3.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x93b y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">70.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x63a y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">73.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w44b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">BBB+ / BBB / BBB-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8a y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8b y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">81.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5da y3c65 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">85.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x8df y3c65 w28 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd8 y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">81.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">85.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xe8d y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">229.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8e y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,614.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe8f y3c48 w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,843.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe90 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">239.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xe91 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">1,797.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xe92 y3c48 w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,036.5<span class=\"_ _393\"> </span></div></td></tr></table>As these notes ar<span class=\"_ _1\"></span>e held internally<span class=\"_ _0\"></span>, they<span class=\"_ _1\"></span> are not<span class=\"_ _1\"></span> included in balance sheet liabilities. Mortgage asse<span class=\"_ _1\"></span>ts backing these securities r<span class=\"_ _1\"></span>emain on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s balance sheet and are included in amounts pledged as collateral in no<span class=\"_ _1\"></span>te 16.<span class=\"_ _393\"> </span>Utilised notes includes those <span class=\"_ _1\"></span>which the Gr<span class=\"_ _1\"></span>oup is obliged <span class=\"_ _1\"></span>to hold under r<span class=\"_ _1\"></span>egulations go<span class=\"_ _1\"></span>verning securitisation issuance.<span class=\"_ _393\"> </span>The av<span class=\"_ _1\"></span>ailable AAA<span class=\"_ _0\"></span> notes would giv<span class=\"_ _1\"></span>e access to \u00a31,<span class=\"_ _1\"></span>055.5m (2024: \u00a3751.9m<span class=\"_ _1\"></span>) if used <span class=\"_ _1\"></span>to secure dr<span class=\"_ _1\"></span>awings on Bank of<span class=\"_ _1\"></span> England facilities.<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s holdings of<span class=\"_ _1\"></span> investment securities (<span class=\"_ _1\"></span>note 15) ar<span class=\"_ _1\"></span>e also available <span class=\"_ _1\"></span>to access t<span class=\"_ _1\"></span>erm credit and other<span class=\"_ _0\"></span> facilities in a similar w<span class=\"_ _1\"></span>ay<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>During the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ended 30 September<span class=\"_ _1\"></span> 2020, <span class=\"_ _1\"></span>the Group enter<span class=\"_ _1\"></span>ed into a back<span class=\"_ _1\"></span>-to-back<span class=\"_ _1\"></span> long / short sale and repur<span class=\"_ _1\"></span>chase (\u2018repo<span class=\"_ _0\"></span>\u2019) transaction with a UK<span class=\"_ _1\"></span> bank which continued <span class=\"_ _1\"></span>throughout<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. This pro<span class=\"_ _1\"></span>vides \u00a3150.<span class=\"_ _1\"></span>0m of<span class=\"_ _1\"></span> liquidity (2024: \u00a3150<span class=\"_ _0\"></span>.0m), utilising \u00a326.5m of <span class=\"_ _1\"></span>the loan notes sho<span class=\"_ _1\"></span>wn above (2024: \u00a326.5m<span class=\"_ _1\"></span>), but does not appear<span class=\"_ _0\"></span> on the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s balance sheet.<span class=\"_ _393\"> </span>The Group also r<span class=\"_ _1\"></span>egularly<span class=\"_ _1\"></span> enters into short-t<span class=\"_ _1\"></span>erm repo <span class=\"_ _1\"></span>transactions and maintains the capability<span class=\"_ _1\"></span> to access <span class=\"_ _1\"></span>the repo mark<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>with a range of count<span class=\"_ _1\"></span>erparties for<span class=\"_ _1\"></span> liquidity purposes, as r<span class=\"_ _0\"></span>equired. T<span class=\"_ _e\"></span>ransactions in place at 30 September 2025 (<span class=\"_ _1\"></span>note 36) utilised \u00a3110.4m o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the loan notes shown abo<span class=\"_ _1\"></span>ve (2024: \u00a3111.0m).<span class=\"_ _393\"> </span>Contractual cash flows<span class=\"_ _393\"> </span>The to<span class=\"_ _1\"></span>tal undiscounted amounts, inclusive of<span class=\"_ _1\"></span> estimated inter<span class=\"_ _1\"></span>est, which <span class=\"_ _1\"></span>would be pay<span class=\"_ _1\"></span>able in respect<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the non-securitisation borro<span class=\"_ _1\"></span>wings of <span class=\"_ _1\"></span>the Group and <span class=\"_ _1\"></span>the Company<span class=\"_ _0\"></span>, should those balances remain outstanding until <span class=\"_ _1\"></span>the contracted r<span class=\"_ _1\"></span>epayment date, or<span class=\"_ _1\"></span> the earliest date on which r<span class=\"_ _1\"></span>epayment can be r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed, are set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w44c h132\" id=\"_b954435c-4ebe-4e8c-98a9-2658c7856a5d\"><tr><td></td><td class=\"t m0 xe93 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Corpora<span class=\"_ _1\"></span>te<span class=\"_ _393\"> </span></td><td class=\"t m0 xe94 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Covered<span class=\"_ _393\"> </span></td><td class=\"t m0 xe95 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Central bank </td><td class=\"t m0 xe96 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Sale and </td><td class=\"t m0 xe97 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">Lease<span class=\"_ _393\"> </span></td><td class=\"t m0 x376 h4e y3e39 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xe98 h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">bonds<span class=\"_ _393\"> </span></td><td class=\"t m0 xe99 h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">bonds<span class=\"_ _393\"> </span></td><td class=\"t m0 xe9a h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">facilities<span class=\"_ _393\"> </span></td><td class=\"t m0 xe9b h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">repurchase </td><td class=\"t m0 x9ad h4e y3e3a ff49 fs4 fc1 sc0 ls0 ws0\">liabilities<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 xe9c h4e y3e3b ff49 fs4 fc1 sc0 ls0 ws0\">transactions<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"c n xe9d y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe9e y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xe9f y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xea0 y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xea1 y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n xea2 y3e3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e3d ff49 fs4 fc1 sc0 ls0 ws0\">a) The Group<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3e3e ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e3f ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3daa w44d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xea3 y3daa w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xea4 y3daa w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">22.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xea5 y3daa w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">960.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x4b2 y3daa w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">101.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x52b y3daa w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xea6 y3daa w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,092.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3dab w44e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">One to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xea7 y3dab w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xea8 y3dab w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">20.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xea9 y3dab w2a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xc83 y3dab w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdc9 y3dab w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeaa y3dab w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">33.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc2 w44f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>wo to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n xeab y3cc2 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xeac y3cc2 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">510.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xead y3cc2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x9bf y3cc2 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xeae y3cc2 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xc69 y3cc2 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">532.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc3 w450 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Over five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xeaf y3cc3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">156.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb0 y3cc3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb1 y3cc3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb2 y3cc3 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xd92 y3cc3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb3 y3cc3 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">156.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xbb3 y3dad w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb4 y3dad w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">552.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x525 y3dad w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">965.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb5 y3dad w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">101.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb6 y3dad w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb7 y3dad w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1,815.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e40 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e41 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3cc8 w44d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xea3 y3cc8 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb8 y3cc8 w84 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xeb9 y3cc8 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">39.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeba y3cc8 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">101.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd2 y3cc8 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x5b5 y3cc8 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">150.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db1 w44e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">One to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xea7 y3db1 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xebb y3db1 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fe y3db1 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">752.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x381 y3db1 w66 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x35e y3db1 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x8a8 y3db1 w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">761.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db2 w44f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>wo to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n xeab y3db2 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xebc y3db2 w84 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xebd y3db2 wa0 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">5.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xebe y3db2 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xdd2 y3db2 w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">3.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x471 y3db2 w22 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">28.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e42 w450 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Over five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xeaf y3e42 w96 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">163.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xebf y3e42 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xec0 y3e42 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xec1 y3e42 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xec2 y3e42 w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xe06 y3e42 w4b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">163.0<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n xbb3 y3ccc w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">195.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xec3 y3ccc w34 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xec4 y3ccc w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">797.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x31f y3ccc w1e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">101.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x993 y3ccc w28 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">8.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xe04 y3ccc w4f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">1,102.9<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w451 h133\" id=\"_d297d2dd-7fa3-437e-ab23-0d1e76dd71d3\"><tr><td></td><td class=\"t m0 x620 h4e y3e43 ff49 fs4 fc1 sc0 ls0 ws0\">Corpora<span class=\"_ _1\"></span>te </td><td class=\"t m0 xe97 h4e y3e43 ff49 fs4 fc1 sc0 ls0 ws0\">Lease </td><td class=\"t m0 x376 h4e y3e43 ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal </td></tr><tr><td></td><td class=\"t m0 xec5 h4e y3e44 ff49 fs4 fc1 sc0 ls0 ws0\">bonds<span class=\"_ _393\"> </span></td><td class=\"t m0 x9ad h4e y3e44 ff49 fs4 fc1 sc0 ls0 ws0\">liabilities<span class=\"_ _393\"> </span></td><td></td></tr><tr><td></td><td class=\"c n x37a y3dca w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37b y3dca w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x37c y3dca w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e45 ff49 fs4 fc1 sc0 ls0 ws0\">b) The Company<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3e46 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2025<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e47 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3d91 w44d hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xec6 y3d91 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf8 y3d91 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf9 y3d91 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e48 w44e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">One to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xdaa y3e48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xda8 y3e48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xda9 y3e48 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ca3 w44f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>wo to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x628 y3ca3 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xec7 y3ca3 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3aa y3ca3 w5a hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cf3 w450 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Over five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xec8 y3cf3 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">156.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x5fd y3cf3 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x3bf y3cf3 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">159.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4cb y3d31 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">189.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xec9 y3d31 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">11.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xeca y3d31 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">201.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e49 ff49 fs4 fc1 sc0 ls0 ws0\">30 September 2024<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h52 y3e4a ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in:<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c4f w44d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xec6 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xecb y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xc28 y3c4f w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w44e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">One to two year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xdaa y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">6.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x8c5 y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">1.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x3fa y3c45 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w44f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>wo to fiv<span class=\"_ _1\"></span>e years<span class=\"_ _393\"> </span></div></td><td class=\"c n x628 y3c50 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">19.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x427 y3c50 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">5.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x43e y3c50 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">24.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w450 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Over five y<span class=\"_ _1\"></span>ears<span class=\"_ _393\"> </span></div></td><td class=\"c n xec8 y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">163.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xecc y3c65 w28 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">4.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xce9 y3c65 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">167.9<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4cb y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">195.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xecd y3c48 w22 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">13.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xece y3c48 w1e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">209.2<span class=\"_ _393\"> </span></div></td></tr></table>Amounts payable in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> the \u2018<span class=\"_ _0\"></span>other accruals\u2019 and \u2018trade cr<span class=\"_ _1\"></span>editors<span class=\"_ _1\"></span>\u2019 shown in note 37 <span class=\"_ _1\"></span>fall due within one <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. T<span class=\"_ _1\"></span>he cash flow<span class=\"_ _1\"></span>s described above <span class=\"_ _1\"></span>will include those <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> on borrowings accrued at<span class=\"_ _1\"></span> 30 September<span class=\"_ _1\"></span> 2025 disclosed in note 37<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The cash flo<span class=\"_ _1\"></span>ws which ar<span class=\"_ _1\"></span>e expected <span class=\"_ _1\"></span>to arise fr<span class=\"_ _1\"></span>om derivativ<span class=\"_ _1\"></span>e contracts in place at <span class=\"_ _1\"></span>the year<span class=\"_ _0\"></span> end, estimating future floating rat<span class=\"_ _1\"></span>e payments and receipts on <span class=\"_ _1\"></span>the basis of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>yield curve at <span class=\"_ _1\"></span>the balance sheet date ar<span class=\"_ _1\"></span>e as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _393\"> </span><table class=\"s w214 h134\" id=\"_48252962-16a3-414d-b0ed-af7d9b35c098\"><tr><td></td><td class=\"c n x36b y3e4b w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n x36c y3e4b w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xecf h4e y3e4c ff49 fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal cash </td><td class=\"t m0 xed0 h52 y3e4c ff4a fs4 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>otal cash </td></tr><tr><td></td><td class=\"t m0 xed1 h4e y3e4d ff49 fs4 fc1 sc0 ls0 ws0\">outflow / (inflow)<span class=\"_ _393\"> </span></td><td class=\"t m0 xed2 h52 y3e4d ff4a fs4 fc1 sc0 ls0 ws0\">outflow / (inflow)<span class=\"_ _393\"> </span></td></tr><tr><td></td><td class=\"c n x250 y3c3c w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c3c w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e4e ff49 fs4 fc1 sc0 ls0 ws0\">On derivativ<span class=\"_ _1\"></span>e liabilities<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c3e w452 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n xed3 y3c3e w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">42.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c3e w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">21.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w436 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in one to tw<span class=\"_ _1\"></span>o years<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a5 y3c60 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">21.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a6 y3c60 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">31.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w437 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in two t<span class=\"_ _1\"></span>o five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xed4 y3c40 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xed5 y3c40 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">52.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w453 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in over fiv<span class=\"_ _1\"></span>e year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xed6 y3c41 w34 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n x76a y3c41 w28 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x4a1 y3c42 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">80.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xed7 y3c42 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">112.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e4f ff49 fs4 fc1 sc0 ls0 ws0\">On derivativ<span class=\"_ _1\"></span>e assets<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w452 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in less than one year<span class=\"_ _393\"> </span></div></td><td class=\"c n x49a y3c63 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(79.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x1ad y3c63 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(117.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w436 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in one to tw<span class=\"_ _1\"></span>o years<span class=\"_ _393\"> </span></div></td><td class=\"c n x36f y3c4e w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(54.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n xed8 y3c4e w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(106.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w437 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in two t<span class=\"_ _1\"></span>o five year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xa17 y3c4f w37 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(10.7)<span class=\"_ _393\"> </span></div></td><td class=\"c n x3a9 y3c4f w25 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(46.5)<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w453 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Pa<span class=\"_ _1\"></span>yable in over fiv<span class=\"_ _1\"></span>e year<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xed9 y3c45 w31 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(71.2)<span class=\"_ _393\"> </span></div></td><td class=\"c n xeda y3c45 w46 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(8.4)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7df y3c62 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(215.6)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e0 y3c62 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(278.8)<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td class=\"c n x7df y3c48 w2e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">(135.0)<span class=\"_ _393\"> </span></div></td><td class=\"c n x7e0 y3c48 w1b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">(166.2)<span class=\"_ _393\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-443": {
   "value": "61. <span class=\"_ _ce\"> </span>Mark<span class=\"_ _1\"></span>et risk<span class=\"_ _393\"> </span>Market risk<span class=\"_ _1\"></span> is the risk <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue or <span class=\"_ _1\"></span>future cash <span class=\"_ _1\"></span>flows of<span class=\"_ _0\"></span> a financial instrument will fluctuate because o<span class=\"_ _1\"></span>f changes in mark<span class=\"_ _1\"></span>et prices. T<span class=\"_ _1\"></span>he Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s exposure <span class=\"_ _1\"></span>to market<span class=\"_ _1\"></span> risk is mainly <span class=\"_ _1\"></span>through int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e risk, though ther<span class=\"_ _0\"></span>e is some minor exposure <span class=\"_ _1\"></span>to currenc<span class=\"_ _1\"></span>y risk. T<span class=\"_ _1\"></span>hese exposures arise solely<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ough the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s lending and deposit-taking business - no speculative <span class=\"_ _1\"></span>trading in financial instruments is undertaken.<span class=\"_ _393\"> </span>Interest rat<span class=\"_ _1\"></span>e risk<span class=\"_ _393\"> </span>Interest r<span class=\"_ _1\"></span>ate risk is <span class=\"_ _1\"></span>the current or<span class=\"_ _1\"></span> prospectiv<span class=\"_ _1\"></span>e risk t<span class=\"_ _1\"></span>o capital or earnings arising <span class=\"_ _1\"></span>from adv<span class=\"_ _1\"></span>erse movements in int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ates. T<span class=\"_ _1\"></span>he Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s exposure <span class=\"_ _1\"></span>to this risk<span class=\"_ _1\"></span> is a natural consequence of<span class=\"_ _1\"></span> its lending, deposit-taking and other<span class=\"_ _1\"></span> borr<span class=\"_ _1\"></span>owing activities, as some of<span class=\"_ _1\"></span> its financial assets and liabilities bear int<span class=\"_ _1\"></span>erest at r<span class=\"_ _1\"></span>ates which <span class=\"_ _1\"></span>float with <span class=\"_ _1\"></span>various mark<span class=\"_ _1\"></span>et rates, principally<span class=\"_ _1\"></span> SONIA, some at v<span class=\"_ _1\"></span>ariable rates, controlled b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group, subject<span class=\"_ _1\"></span> to mark<span class=\"_ _1\"></span>et pressur<span class=\"_ _0\"></span>es, while others are <span class=\"_ _1\"></span>fixed, either<span class=\"_ _1\"></span> for<span class=\"_ _0\"></span> a term or f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>their <span class=\"_ _1\"></span>whole lives. Such risk<span class=\"_ _1\"></span> is ref<span class=\"_ _1\"></span>erred <span class=\"_ _1\"></span>to as Interest<span class=\"_ _1\"></span> Rate Risk in the Banking Book<span class=\"_ _1\"></span> (\u2018IRRBB\u2019). The Gr<span class=\"_ _1\"></span>oup does not seek <span class=\"_ _1\"></span>to generate income <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>taking inter<span class=\"_ _1\"></span>est rate risk and aims <span class=\"_ _1\"></span>to minimise exposur<span class=\"_ _1\"></span>es that occur<span class=\"_ _1\"></span> as a natural consequence of<span class=\"_ _1\"></span> carrying out its normal business activities.<span class=\"_ _393\"> </span>The Group balance shee<span class=\"_ _1\"></span>t also includes assets, liabilities and equity <span class=\"_ _1\"></span>which, by<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> natur<span class=\"_ _1\"></span>e, do not attract inter<span class=\"_ _1\"></span>est.<span class=\"_ _393\"> </span>IRRBB is managed thr<span class=\"_ _1\"></span>ough board-appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>ed risk appetite limits and policies. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup seeks to match <span class=\"_ _1\"></span>the structure o<span class=\"_ _1\"></span>f assets and<span class=\"_ _1\"></span> liabilities naturally <span class=\"_ _1\"></span>wher<span class=\"_ _1\"></span>e possible or b<span class=\"_ _1\"></span>y using appr<span class=\"_ _1\"></span>opriate financial instruments, such as inter<span class=\"_ _1\"></span>est rate s<span class=\"_ _1\"></span>waps. In dev<span class=\"_ _1\"></span>eloping this strategy<span class=\"_ _0\"></span>, the Group also has r<span class=\"_ _1\"></span>egar<span class=\"_ _1\"></span>d to <span class=\"_ _1\"></span>the potential impact of<span class=\"_ _1\"></span> fix<span class=\"_ _1\"></span>ed rate lending and deposit pipelines, and o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the differ<span class=\"_ _1\"></span>ence in v<span class=\"_ _1\"></span>alue between t<span class=\"_ _1\"></span>otal interest<span class=\"_ _1\"></span>-earning assets and to<span class=\"_ _1\"></span>tal interest-bearing liabilities, lar<span class=\"_ _1\"></span>gely r<span class=\"_ _1\"></span>epr<span class=\"_ _1\"></span>esented by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s equity<span class=\"_ _1\"></span>, both of<span class=\"_ _1\"></span> which can lead <span class=\"_ _1\"></span>to additional exposur<span class=\"_ _1\"></span>e to inter<span class=\"_ _1\"></span>est rate mo<span class=\"_ _1\"></span>vements.<span class=\"_ _393\"> </span>Day-<span class=\"_ _1\"></span>to-day<span class=\"_ _1\"></span> management of<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rate risk is <span class=\"_ _1\"></span>the responsibility<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>reasury<span class=\"_ _0\"></span> function, with control and o<span class=\"_ _1\"></span>versight<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vided by AL<span class=\"_ _1\"></span>CO<span class=\"_ _1\"></span>. The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s risk management <span class=\"_ _1\"></span>framew<span class=\"_ _1\"></span>ork f<span class=\"_ _1\"></span>or IRRBB continues to e<span class=\"_ _1\"></span>volv<span class=\"_ _1\"></span>e in line with updates in r<span class=\"_ _1\"></span>egulatory<span class=\"_ _1\"></span> guidance on methods expected t<span class=\"_ _1\"></span>o be used by<span class=\"_ _1\"></span> banks measuring, managing, monitoring and contr<span class=\"_ _1\"></span>olling such risks.<span class=\"_ _393\"> </span>IRRBB exposures<span class=\"_ _393\"> </span>Risk exposur<span class=\"_ _1\"></span>e in the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s operations might occur<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ough:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Duration or r<span class=\"_ _1\"></span>e-pricing risk. <span class=\"_ _1\"></span>The risk cr<span class=\"_ _1\"></span>eated when inter<span class=\"_ _1\"></span>est rates on assets, liabilities and o<span class=\"_ _1\"></span>ff balance sheet<span class=\"_ _1\"></span> items reprice at diff<span class=\"_ _1\"></span>erent times causing them <span class=\"_ _1\"></span>to mov<span class=\"_ _1\"></span>e by diff<span class=\"_ _1\"></span>erent amounts<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Basis risk. The risk<span class=\"_ _1\"></span> arising wher<span class=\"_ _1\"></span>e assets and liabilities re-price <span class=\"_ _1\"></span>with ref<span class=\"_ _1\"></span>erence <span class=\"_ _1\"></span>to differ<span class=\"_ _1\"></span>ent re<span class=\"_ _1\"></span>ference int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ates, for<span class=\"_ _1\"></span> example rates set by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and marke<span class=\"_ _1\"></span>t rates, such as Bank o<span class=\"_ _1\"></span>f England base rate and SONIA. Relativ<span class=\"_ _1\"></span>e changes in <span class=\"_ _1\"></span>the difference be<span class=\"_ _1\"></span>tween the ref<span class=\"_ _1\"></span>erence rat<span class=\"_ _1\"></span>es over<span class=\"_ _1\"></span> time ma<span class=\"_ _1\"></span>y impact earnings<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Optionality or<span class=\"_ _1\"></span> prepa<span class=\"_ _1\"></span>yment risk. <span class=\"_ _1\"></span>The risk that<span class=\"_ _1\"></span> settlement of<span class=\"_ _1\"></span> asset and liability balances at<span class=\"_ _1\"></span> different<span class=\"_ _1\"></span> times fr<span class=\"_ _1\"></span>om those <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast due to economic conditions or customer<span class=\"_ _0\"></span> behaviour may<span class=\"_ _1\"></span> create a mismat<span class=\"_ _1\"></span>ch in future periods<span class=\"_ _393\"> </span>Due to <span class=\"_ _1\"></span>the maturity <span class=\"_ _1\"></span>transformation inher<span class=\"_ _1\"></span>ent in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s business model it is also exposed to <span class=\"_ _1\"></span>the risk that <span class=\"_ _1\"></span>the relationship be<span class=\"_ _1\"></span>tween the rates affecting <span class=\"_ _1\"></span>the shorter<span class=\"_ _1\"></span>-term <span class=\"_ _1\"></span>funding balance and the rates aff<span class=\"_ _1\"></span>ecting the longer<span class=\"_ _0\"></span>-term lending balance will hav<span class=\"_ _1\"></span>e altered <span class=\"_ _1\"></span>when the funding has to be r<span class=\"_ _1\"></span>efinanced.<span class=\"_ _393\"> </span>The Group measur<span class=\"_ _1\"></span>es these risk<span class=\"_ _1\"></span>s thr<span class=\"_ _1\"></span>ough a combination of economic <span class=\"_ _1\"></span>value and earnings-based measur<span class=\"_ _1\"></span>es considering pr<span class=\"_ _1\"></span>epayment risk:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Economic <span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>alue (\u2018EV\u2019) \u2013 a range of parallel and non-par<span class=\"_ _1\"></span>allel interest<span class=\"_ _1\"></span> rate stresses ar<span class=\"_ _1\"></span>e applied t<span class=\"_ _1\"></span>o assess the change in mark<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>value from assets, liabilities and o<span class=\"_ _1\"></span>ff balance sheet it<span class=\"_ _1\"></span>ems re-pricing at diff<span class=\"_ _1\"></span>erent <span class=\"_ _1\"></span>times<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Net Interest<span class=\"_ _1\"></span> Income (\u2018NI<span class=\"_ _2\"></span>I\u2019) \u2013 impact on earnings fr<span class=\"_ _1\"></span>om a range o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est rate str<span class=\"_ _1\"></span>esses<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s use of<span class=\"_ _1\"></span> financial derivativ<span class=\"_ _1\"></span>es for<span class=\"_ _0\"></span> hedging interest rate risk r<span class=\"_ _1\"></span>elating to its <span class=\"_ _1\"></span>fixed r<span class=\"_ _1\"></span>ate lending, deposit-taking, in<span class=\"_ _1\"></span>vesting and borro<span class=\"_ _1\"></span>wing activities is discussed further<span class=\"_ _1\"></span> in note 24.<span class=\"_ _393\"> </span>Interest r<span class=\"_ _1\"></span>ate sensitivity<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o pr<span class=\"_ _1\"></span>ovide a br<span class=\"_ _1\"></span>oad indication of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s exposure <span class=\"_ _1\"></span>to inter<span class=\"_ _1\"></span>est rate mo<span class=\"_ _1\"></span>vements, the no<span class=\"_ _1\"></span>tional impact of<span class=\"_ _1\"></span> a 1.0% change in UK<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rates on the equity<span class=\"_ _0\"></span> of the Gr<span class=\"_ _1\"></span>oup at 30 September<span class=\"_ _1\"></span> 2025, and the notional annualised impact<span class=\"_ _1\"></span> of such a chang<span class=\"_ _1\"></span>e on the operating pr<span class=\"_ _1\"></span>ofit of <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>, based on the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span>-end balance sheet ha<span class=\"_ _1\"></span>ve been calculated. As a simplification this calculation assumes <span class=\"_ _1\"></span>that all rele<span class=\"_ _1\"></span>vant UK<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rates mov<span class=\"_ _1\"></span>e by<span class=\"_ _1\"></span> the same amount in parallel and <span class=\"_ _1\"></span>that all repricing <span class=\"_ _1\"></span>takes place at <span class=\"_ _1\"></span>the balance sheet date.<span class=\"_ _393\"> </span>On this basis, a 1.<span class=\"_ _1\"></span>0% increase in UK<span class=\"_ _1\"></span> interest r<span class=\"_ _1\"></span>ates w<span class=\"_ _1\"></span>ould reduce pr<span class=\"_ _1\"></span>ofit befor<span class=\"_ _1\"></span>e tax b<span class=\"_ _1\"></span>y \u00a30<span class=\"_ _1\"></span>.5m (2024: incr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a33.5m).<span class=\"_ _393\"> </span>The principal direct<span class=\"_ _1\"></span> point-in-time impact on <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s equity <span class=\"_ _1\"></span>would result<span class=\"_ _1\"></span> from <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>valuation o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative assets and liabilities which are not<span class=\"_ _1\"></span> part of <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges at <span class=\"_ _1\"></span>the balance sheet date. <span class=\"_ _1\"></span>A 1.<span class=\"_ _0\"></span>0% increase in rate expectations w<span class=\"_ _1\"></span>ould increase equity<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> \u00a34.<span class=\"_ _1\"></span>7m (2024: increase b<span class=\"_ _1\"></span>y \u00a314<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1m). F<span class=\"_ _0\"></span>or <span class=\"_ _1\"></span>this illustration no ineffectiv<span class=\"_ _1\"></span>eness in hedging relationships is assumed.<span class=\"_ _393\"> </span>These calculations allow<span class=\"_ _1\"></span> only <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the dir<span class=\"_ _1\"></span>ect effects of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> change in UK int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>es. In practice, such a change might hav<span class=\"_ _1\"></span>e wider<span class=\"_ _1\"></span> economic consequences which <span class=\"_ _1\"></span>would themselv<span class=\"_ _1\"></span>es potentially<span class=\"_ _1\"></span> affect <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s business and results.<span class=\"_ _393\"> </span>It should be noted <span class=\"_ _1\"></span>that these sensitivities ar<span class=\"_ _1\"></span>e illustrative only<span class=\"_ _0\"></span>, and much simplified from <span class=\"_ _1\"></span>those used to manag<span class=\"_ _1\"></span>e IRRBB in practice.<span class=\"_ _393\"> </span>The Company<span class=\"_ _393\"> </span>All the borr<span class=\"_ _1\"></span>owings of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y hav<span class=\"_ _1\"></span>e fix<span class=\"_ _1\"></span>ed interest r<span class=\"_ _1\"></span>ates. <span class=\"_ _1\"></span>The Company\u2019<span class=\"_ _0\"></span>s investments in loans <span class=\"_ _1\"></span>to subsidiary companies include a T<span class=\"_ _1\"></span>ier<span class=\"_ _1\"></span>-2 Bond issued b<span class=\"_ _1\"></span>y P<span class=\"_ _1\"></span>aragon Bank PL<span class=\"_ _0\"></span>C, with t<span class=\"_ _1\"></span>erms matching the <span class=\"_ _1\"></span>Tier<span class=\"_ _0\"></span>-2 Bond issued by<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span>. Its intercompan<span class=\"_ _1\"></span>y balance with Paragon Bank<span class=\"_ _1\"></span> (note 25) also includes \u00a365.3m <span class=\"_ _1\"></span>which is placed on deposit with <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England (2024: \u00a3107<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>6m). Inter<span class=\"_ _1\"></span>est is receiv<span class=\"_ _1\"></span>ed on this balance at <span class=\"_ _1\"></span>the same rate as that<span class=\"_ _1\"></span> paid by<span class=\"_ _1\"></span> the Bank of<span class=\"_ _0\"></span> England. Other assets and liabilities with gr<span class=\"_ _1\"></span>oup entities bear interest at<span class=\"_ _1\"></span> rates based on SONIA. All o<span class=\"_ _1\"></span>ther balances in <span class=\"_ _1\"></span>the Company balance shee<span class=\"_ _1\"></span>t are non-inter<span class=\"_ _1\"></span>est bearing.<span class=\"_ _393\"> </span>Currency<span class=\"_ _1\"></span> risk<span class=\"_ _393\"> </span>Currenc<span class=\"_ _1\"></span>y risk, also r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as <span class=\"_ _1\"></span>foreign e<span class=\"_ _1\"></span>xchange or<span class=\"_ _0\"></span> forex risk, is <span class=\"_ _1\"></span>the risk that<span class=\"_ _1\"></span> the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value or<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e cash flow<span class=\"_ _1\"></span>s of<span class=\"_ _1\"></span> a financial instrument will <span class=\"_ _1\"></span>fluctuate because of<span class=\"_ _1\"></span> changes in f<span class=\"_ _1\"></span>oreign ex<span class=\"_ _1\"></span>change rates.<span class=\"_ _393\"> </span>The Group has little appe<span class=\"_ _1\"></span>tite for<span class=\"_ _1\"></span> material amounts of<span class=\"_ _1\"></span> exposur<span class=\"_ _1\"></span>e to curr<span class=\"_ _1\"></span>ency<span class=\"_ _1\"></span> risk and applies a hedging strategy<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or any<span class=\"_ _0\"></span> material open positions thr<span class=\"_ _1\"></span>ough the use of<span class=\"_ _1\"></span> spot or<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>orward contr<span class=\"_ _1\"></span>acts or deriv<span class=\"_ _1\"></span>atives.<span class=\"_ _393\"> </span>All the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s significant assets and liabilities at 30 September 2025 and 30 Sep<span class=\"_ _1\"></span>tember 2024 ar<span class=\"_ _1\"></span>e denominated in sterling. The SME lending business has a limited amount of<span class=\"_ _1\"></span> lending denominated in US dollars, principally \u00a35.<span class=\"_ _1\"></span>4m of a<span class=\"_ _1\"></span>viation mortgage balances (2024: \u00a34.4m<span class=\"_ _1\"></span>). It may<span class=\"_ _1\"></span> also contract <span class=\"_ _1\"></span>to purchase assets <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> leasing in currenc<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>hese balances are hedg<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the pur<span class=\"_ _1\"></span>chase of currenc<span class=\"_ _1\"></span>y deriv<span class=\"_ _1\"></span>atives and / or<span class=\"_ _1\"></span> appropriate curr<span class=\"_ _1\"></span>ency<span class=\"_ _1\"></span> balances. As a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>these arrangements <span class=\"_ _1\"></span>the Group has no material e<span class=\"_ _1\"></span>xposure <span class=\"_ _1\"></span>to for<span class=\"_ _1\"></span>eign curr<span class=\"_ _1\"></span>ency risk, <span class=\"_ _1\"></span>and no sensitivity analy<span class=\"_ _1\"></span>sis is presented for<span class=\"_ _1\"></span> currency<span class=\"_ _0\"></span> risk. The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s use of<span class=\"_ _1\"></span> financial derivativ<span class=\"_ _1\"></span>es to manag<span class=\"_ _1\"></span>e currenc<span class=\"_ _1\"></span>y risk is described <span class=\"_ _1\"></span>further in no<span class=\"_ _1\"></span>te 24.<span class=\"_ _393\"> </span>None of <span class=\"_ _1\"></span>the assets or<span class=\"_ _1\"></span> liabilities of <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> are denominated in <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>eign currencies.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "Interest r<span class=\"_ _1\"></span>ate sensitivity<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o pr<span class=\"_ _1\"></span>ovide a br<span class=\"_ _1\"></span>oad indication of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s exposure <span class=\"_ _1\"></span>to inter<span class=\"_ _1\"></span>est rate mo<span class=\"_ _1\"></span>vements, the no<span class=\"_ _1\"></span>tional impact of<span class=\"_ _1\"></span> a 1.0% change in UK<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rates on the equity<span class=\"_ _0\"></span> of the Gr<span class=\"_ _1\"></span>oup at 30 September<span class=\"_ _1\"></span> 2025, and the notional annualised impact<span class=\"_ _1\"></span> of such a chang<span class=\"_ _1\"></span>e on the operating pr<span class=\"_ _1\"></span>ofit of <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>, based on the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span>-end balance sheet ha<span class=\"_ _1\"></span>ve been calculated. As a simplification this calculation assumes <span class=\"_ _1\"></span>that all rele<span class=\"_ _1\"></span>vant UK<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> rates mov<span class=\"_ _1\"></span>e by<span class=\"_ _1\"></span> the same amount in parallel and <span class=\"_ _1\"></span>that all repricing <span class=\"_ _1\"></span>takes place at <span class=\"_ _1\"></span>the balance sheet date.<span class=\"_ _393\"> </span>On this basis, a 1.<span class=\"_ _1\"></span>0% increase in UK<span class=\"_ _1\"></span> interest r<span class=\"_ _1\"></span>ates w<span class=\"_ _1\"></span>ould reduce pr<span class=\"_ _1\"></span>ofit befor<span class=\"_ _1\"></span>e tax b<span class=\"_ _1\"></span>y \u00a30<span class=\"_ _1\"></span>.5m (2024: incr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a33.5m).<span class=\"_ _393\"> </span>The principal direct<span class=\"_ _1\"></span> point-in-time impact on <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s equity <span class=\"_ _1\"></span>would result<span class=\"_ _1\"></span> from <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>valuation o<span class=\"_ _1\"></span>f deriv<span class=\"_ _1\"></span>ative assets and liabilities which are not<span class=\"_ _1\"></span> part of <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue hedges at <span class=\"_ _1\"></span>the balance sheet date. <span class=\"_ _1\"></span>A 1.<span class=\"_ _0\"></span>0% increase in rate expectations w<span class=\"_ _1\"></span>ould increase equity<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> \u00a34.<span class=\"_ _1\"></span>7m (2024: increase b<span class=\"_ _1\"></span>y \u00a314<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1m). F<span class=\"_ _0\"></span>or <span class=\"_ _1\"></span>this illustration no ineffectiv<span class=\"_ _1\"></span>eness in hedging relationships is assumed.<span class=\"_ _393\"> </span>These calculations allow<span class=\"_ _1\"></span> only <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the dir<span class=\"_ _1\"></span>ect effects of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> change in UK int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>es. In practice, such a change might hav<span class=\"_ _1\"></span>e wider<span class=\"_ _1\"></span> economic consequences which <span class=\"_ _1\"></span>would themselv<span class=\"_ _1\"></span>es potentially<span class=\"_ _1\"></span> affect <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s business and results.<span class=\"_ _393\"> </span>It should be noted <span class=\"_ _1\"></span>that these sensitivities ar<span class=\"_ _1\"></span>e illustrative only<span class=\"_ _0\"></span>, and much simplified from <span class=\"_ _1\"></span>those used to manag<span class=\"_ _1\"></span>e IRRBB in practice.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-380": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs90f\">62. <span class=\"_ _33\"></span>Basis of pr<span class=\"_ _1\"></span>eparation<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs910\">The Group is r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed, by<span class=\"_ _1\"></span> the Companies <span class=\"_ _1\"></span>Act 2006 and <span class=\"_ _1\"></span>the Listing Rules of <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA, to pr<span class=\"_ _1\"></span>epare its <span class=\"_ _1\"></span>financial statements f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs911\">ended 30 September<span class=\"_ _1\"></span> 2025 in accordance <span class=\"_ _1\"></span>with UK<span class=\"_ _1\"></span>-adopted international accounting standar<span class=\"_ _1\"></span>ds. In the <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ears reported on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs912\">this also means, in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s circumstances, that <span class=\"_ _1\"></span>the financial statements also accor<span class=\"_ _1\"></span>d with IFRS as appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Int<span class=\"_ _1\"></span>ernational </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs913\">Accounting Standar<span class=\"_ _1\"></span>ds Board.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs914\">The particular<span class=\"_ _1\"></span> accounting policies adopted hav<span class=\"_ _1\"></span>e been set out in note 63 and <span class=\"_ _1\"></span>the critical accounting judgements and estimates <span class=\"_ _1\"></span>which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs915\">have been r<span class=\"_ _1\"></span>equired in pr<span class=\"_ _1\"></span>eparing these <span class=\"_ _1\"></span>financial statements ar<span class=\"_ _1\"></span>e described in notes 64 and 65 respectiv<span class=\"_ _1\"></span>ely<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs916\">The Group has hist<span class=\"_ _1\"></span>orically chosen <span class=\"_ _1\"></span>to present an additional compar<span class=\"_ _1\"></span>ative balance sheet. </div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs917\">Adoption of<span class=\"_ _1\"></span> new<span class=\"_ _1\"></span> and re<span class=\"_ _1\"></span>vised reporting standards<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs918\">In the pr<span class=\"_ _1\"></span>eparation of<span class=\"_ _1\"></span> these <span class=\"_ _1\"></span>financial statements, no accounting standards ar<span class=\"_ _1\"></span>e being applied for<span class=\"_ _0\"></span> the first time.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs919\">Standards not <span class=\"_ _1\"></span>ye<span class=\"_ _1\"></span>t adopted<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gs91a\">IFRS 18 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs91b\">On 9 April 202<span class=\"_ _1\"></span>4 the IASB issued IFRS 18 \u2013 \u2018Pr<span class=\"_ _1\"></span>esentation and Disclosure in Financial Statements<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>. This is expected <span class=\"_ _1\"></span>to impact <span class=\"_ _1\"></span>the wa<span class=\"_ _1\"></span>y in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs91c\">which information is disclosed in financial statements <span class=\"_ _1\"></span>without impacting materially<span class=\"_ _1\"></span> on the underlying accounting.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs91d\">IFRS 18 is expected to apply<span class=\"_ _1\"></span> to <span class=\"_ _1\"></span>the Group and <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> with eff<span class=\"_ _1\"></span>ect fr<span class=\"_ _1\"></span>om its financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2028, if <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs91e\">standard is endorsed <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> use in the UK. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> detailed exer<span class=\"_ _1\"></span>cise t<span class=\"_ _1\"></span>o determine the impact o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the new<span class=\"_ _1\"></span> Standard on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s annual </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs91f\">reporting <span class=\"_ _1\"></span>will be carried out befor<span class=\"_ _1\"></span>e the implementation date. Ho<span class=\"_ _1\"></span>we<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, it is expected that <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> the ne<span class=\"_ _1\"></span>w standar<span class=\"_ _1\"></span>d on banking </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs920\">companies will be less <span class=\"_ _1\"></span>than that <span class=\"_ _1\"></span>for companies in g<span class=\"_ _1\"></span>eneral.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs921\">Other <span class=\"_ _1\"></span>than IFRS 18, described above, <span class=\"_ _1\"></span>there ar<span class=\"_ _1\"></span>e no new<span class=\"_ _1\"></span> reporting standar<span class=\"_ _1\"></span>ds and interpre<span class=\"_ _1\"></span>tations in issue but not effectiv<span class=\"_ _1\"></span>e which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs922\">address matters r<span class=\"_ _0\"></span>elevant t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s accounting and reporting<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs923\">On 25 F<span class=\"_ _0\"></span>ebruary 2025 the Financial Reporting Council issued ne<span class=\"_ _1\"></span>w \u2018Guidance on <span class=\"_ _1\"></span>the Going Concern Basis of<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>ccounting and Related </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs924\">Reporting (including Solvenc<span class=\"_ _1\"></span>y and Liquidity<span class=\"_ _1\"></span> Risks<span class=\"_ _1\"></span>)\u2019 which <span class=\"_ _1\"></span>will replace <span class=\"_ _1\"></span>the \u2018Guidance on Risk Management, Internal Contr<span class=\"_ _1\"></span>ol and Related </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs925\">Financial and Business Reporting\u2019 r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to in not<span class=\"_ _1\"></span>e 66 with effect<span class=\"_ _1\"></span> from <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026. T<span class=\"_ _1\"></span>his is </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs926\">not expected <span class=\"_ _1\"></span>to hav<span class=\"_ _1\"></span>e a significant impact on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s reporting.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-444": {
   "value": "The Group is r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ed, by<span class=\"_ _1\"></span> the Companies <span class=\"_ _1\"></span>Act 2006 and <span class=\"_ _1\"></span>the Listing Rules of <span class=\"_ _1\"></span>the F<span class=\"_ _1\"></span>CA, to pr<span class=\"_ _1\"></span>epare its <span class=\"_ _1\"></span>financial statements f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear ended 30 September<span class=\"_ _1\"></span> 2025 in accordance <span class=\"_ _1\"></span>with UK<span class=\"_ _1\"></span>-adopted international accounting standar<span class=\"_ _1\"></span>ds. In the <span class=\"_ _1\"></span>financial y<span class=\"_ _1\"></span>ears reported on this also means, in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s circumstances, that <span class=\"_ _1\"></span>the financial statements also accor<span class=\"_ _1\"></span>d with IFRS as appro<span class=\"_ _1\"></span>ved by<span class=\"_ _1\"></span> the Int<span class=\"_ _1\"></span>ernational Accounting Standar<span class=\"_ _1\"></span>ds Board.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "Adoption of<span class=\"_ _1\"></span> new<span class=\"_ _1\"></span> and re<span class=\"_ _1\"></span>vised reporting standards<span class=\"_ _393\"> </span>In the pr<span class=\"_ _1\"></span>eparation of<span class=\"_ _1\"></span> these <span class=\"_ _1\"></span>financial statements, no accounting standards ar<span class=\"_ _1\"></span>e being applied for<span class=\"_ _0\"></span> the first time.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "Standards not <span class=\"_ _1\"></span>ye<span class=\"_ _1\"></span>t adopted<span class=\"_ _393\"> </span>IFRS 18 On 9 April 202<span class=\"_ _1\"></span>4 the IASB issued IFRS 18 \u2013 \u2018Pr<span class=\"_ _1\"></span>esentation and Disclosure in Financial Statements<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>. This is expected <span class=\"_ _1\"></span>to impact <span class=\"_ _1\"></span>the wa<span class=\"_ _1\"></span>y in which information is disclosed in financial statements <span class=\"_ _1\"></span>without impacting materially<span class=\"_ _1\"></span> on the underlying accounting.<span class=\"_ _393\"> </span>IFRS 18 is expected to apply<span class=\"_ _1\"></span> to <span class=\"_ _1\"></span>the Group and <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> with eff<span class=\"_ _1\"></span>ect fr<span class=\"_ _1\"></span>om its financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2028, if <span class=\"_ _1\"></span>the standard is endorsed <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> use in the UK. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> detailed exer<span class=\"_ _1\"></span>cise t<span class=\"_ _1\"></span>o determine the impact o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the new<span class=\"_ _1\"></span> Standard on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s annual reporting <span class=\"_ _1\"></span>will be carried out befor<span class=\"_ _1\"></span>e the implementation date. Ho<span class=\"_ _1\"></span>we<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, it is expected that <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> the ne<span class=\"_ _1\"></span>w standar<span class=\"_ _1\"></span>d on banking companies will be less <span class=\"_ _1\"></span>than that <span class=\"_ _1\"></span>for companies in g<span class=\"_ _1\"></span>eneral.<span class=\"_ _393\"> </span>Other <span class=\"_ _1\"></span>than IFRS 18, described above, <span class=\"_ _1\"></span>there ar<span class=\"_ _1\"></span>e no new<span class=\"_ _1\"></span> reporting standar<span class=\"_ _1\"></span>ds and interpre<span class=\"_ _1\"></span>tations in issue but not effectiv<span class=\"_ _1\"></span>e which address matters r<span class=\"_ _0\"></span>elevant t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s accounting and reporting<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>On 25 F<span class=\"_ _0\"></span>ebruary 2025 the Financial Reporting Council issued ne<span class=\"_ _1\"></span>w \u2018Guidance on <span class=\"_ _1\"></span>the Going Concern Basis of<span class=\"_ _1\"></span> A<span class=\"_ _1\"></span>ccounting and Related Reporting (including Solvenc<span class=\"_ _1\"></span>y and Liquidity<span class=\"_ _1\"></span> Risks<span class=\"_ _1\"></span>)\u2019 which <span class=\"_ _1\"></span>will replace <span class=\"_ _1\"></span>the \u2018Guidance on Risk Management, Internal Contr<span class=\"_ _1\"></span>ol and Related Financial and Business Reporting\u2019 r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to in not<span class=\"_ _1\"></span>e 66 with effect<span class=\"_ _1\"></span> from <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2026. T<span class=\"_ _1\"></span>his is not expected <span class=\"_ _1\"></span>to hav<span class=\"_ _1\"></span>e a significant impact on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s reporting.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-345": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gs928\">63. <span class=\"_ _33\"></span>Accounting policies<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs929\">The particular<span class=\"_ _1\"></span> policies applied by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup in preparing <span class=\"_ _1\"></span>these financial statements in accor<span class=\"_ _1\"></span>dance with the IFRS r<span class=\"_ _1\"></span>egime as adopted in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs92a\">the UK ar<span class=\"_ _1\"></span>e described below<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsd5 gs92b\">(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>Accounting <span class=\"_ _2\"></span>convention </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs92c\">The financial statements ha<span class=\"_ _1\"></span>ve been pr<span class=\"_ _1\"></span>epared under<span class=\"_ _1\"></span> the historical cost<span class=\"_ _1\"></span> convention, ex<span class=\"_ _1\"></span>cept as r<span class=\"_ _1\"></span>equired in <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation of<span class=\"_ _1\"></span> certain </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs92d\">financial instruments which ar<span class=\"_ _1\"></span>e carried at fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs8dc\">(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Basis of consolidation </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8dd\">The consolidated financial stat<span class=\"_ _1\"></span>ements deal with the accounts o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> and its subsidiaries made up to 30 September<span class=\"_ _0\"></span> 2025. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs92f\">Subsidiaries comprise all those entities o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> which the Gr<span class=\"_ _0\"></span>oup has control, as defined by<span class=\"_ _1\"></span> IFRS 10 \u2013 \u2018Consolidated Financial Statements\u2019<span class=\"_ _e\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs930\">In addition to legal subsidiaries, <span class=\"_ _1\"></span>wher<span class=\"_ _1\"></span>e the Company<span class=\"_ _1\"></span> owns shar<span class=\"_ _1\"></span>es in the entity<span class=\"_ _0\"></span>, directly or<span class=\"_ _1\"></span> indir<span class=\"_ _1\"></span>ectly<span class=\"_ _1\"></span>, in accordance <span class=\"_ _1\"></span>with IFRS 10, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs931\">companies owned by<span class=\"_ _1\"></span> charitable trusts int<span class=\"_ _1\"></span>o which loans originated b<span class=\"_ _1\"></span>y gr<span class=\"_ _1\"></span>oup companies w<span class=\"_ _1\"></span>ere sold as part of<span class=\"_ _0\"></span> its warehouse and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs932\">securitisation funding arrang<span class=\"_ _1\"></span>ements, wher<span class=\"_ _1\"></span>e the Gr<span class=\"_ _1\"></span>oup enjoys <span class=\"_ _1\"></span>the benefits of<span class=\"_ _1\"></span> ownership and <span class=\"_ _1\"></span>which, ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e, it is considered <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs933\">control, ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>eated as subsidiaries.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs934\">A <span class=\"_ _1\"></span>full list of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s subsidiaries is set out in note 68, tog<span class=\"_ _1\"></span>ether <span class=\"_ _1\"></span>with further<span class=\"_ _1\"></span> information on <span class=\"_ _1\"></span>the basis on which <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are consider<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs935\">to be controlled b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Company<span class=\"_ _0\"></span>. The r<span class=\"_ _1\"></span>esults of businesses acquir<span class=\"_ _1\"></span>ed ar<span class=\"_ _1\"></span>e dealt with in <span class=\"_ _1\"></span>the consolidated accounts fr<span class=\"_ _1\"></span>om the date </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs936\">of acquisition.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws75 gs8e7\">(c<span class=\"_ _0\"></span>)  <span class=\"_ _dd\"> </span>Going concern<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e8\">The consolidated financial stat<span class=\"_ _1\"></span>ements have been pr<span class=\"_ _1\"></span>epared on <span class=\"_ _1\"></span>the going concern basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs8e9\">The direct<span class=\"_ _1\"></span>ors have adop<span class=\"_ _1\"></span>ted this basis <span class=\"_ _1\"></span>following a going concern assessment<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Compan<span class=\"_ _1\"></span>y co<span class=\"_ _1\"></span>vering a period of<span class=\"_ _1\"></span> at </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs937\">least tw<span class=\"_ _1\"></span>elve months f<span class=\"_ _1\"></span>ollowing the dat<span class=\"_ _1\"></span>e of appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>al of<span class=\"_ _1\"></span> these financial stat<span class=\"_ _1\"></span>ements. Details of <span class=\"_ _1\"></span>this assessment ar<span class=\"_ _1\"></span>e set out in note 66.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs8ec\">(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Acquisitions and goodwill<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs938\">Goodwill arising fr<span class=\"_ _1\"></span>om the pur<span class=\"_ _1\"></span>chase of subsidiary<span class=\"_ _1\"></span> undertakings, r<span class=\"_ _1\"></span>epresenting <span class=\"_ _1\"></span>the excess of<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of <span class=\"_ _1\"></span>the purchase consideration </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs939\">over<span class=\"_ _0\"></span> the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of acquir<span class=\"_ _1\"></span>ed assets, including intangible assets, is held on <span class=\"_ _1\"></span>the balance sheet and re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed annually <span class=\"_ _1\"></span>to determine </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs93a\">whether an<span class=\"_ _1\"></span>y impairment has occurr<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs93b\">As permitted by<span class=\"_ _1\"></span> IFRS 1, the Group has elect<span class=\"_ _1\"></span>ed not to apply<span class=\"_ _0\"></span> I<span class=\"_ _2\"></span>FRS 3 \u2013 \u2018Business Combinations\u2019 t<span class=\"_ _1\"></span>o combinations taking place befor<span class=\"_ _1\"></span>e its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs93c\">transition date t<span class=\"_ _1\"></span>o IFRS (1 October 2004). <span class=\"_ _1\"></span>Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e any<span class=\"_ _1\"></span> goodwill which <span class=\"_ _1\"></span>was <span class=\"_ _1\"></span>written off<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>eserves under<span class=\"_ _1\"></span> UK GAAP<span class=\"_ _1\"></span> will not<span class=\"_ _1\"></span> be charged </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs93d\">or cr<span class=\"_ _1\"></span>edited t<span class=\"_ _1\"></span>o the pr<span class=\"_ _1\"></span>ofit and loss account on any<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e disposal of<span class=\"_ _1\"></span> the business <span class=\"_ _1\"></span>to which it r<span class=\"_ _1\"></span>elates.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs93e\">Contingent consideration arising on acquisitions is <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised in the accounts at its f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the acquisition date and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs93f\">subsequently r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>alued at each accounting date until it <span class=\"_ _1\"></span>falls due for<span class=\"_ _1\"></span> payment, or<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>final amount is otherwise determined.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse0 gs940\">(e<span class=\"_ _0\"></span>)  <span class=\"_ _dd\"> </span>Cash <span class=\"_ _33\"></span>balances </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs941\">Balances shown as cash balances in the balance shee<span class=\"_ _1\"></span>t comprise demand deposits and short-term deposits <span class=\"_ _1\"></span>with banks with initial </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs942\">maturities of no<span class=\"_ _1\"></span>t more <span class=\"_ _1\"></span>than 90 days.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs943\">(f) <span class=\"_ _33\"></span> <span class=\"_ _b2\"> </span>Investment in securities </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs944\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investments in securities ar<span class=\"_ _1\"></span>e held as part of<span class=\"_ _1\"></span> its liquidity buff<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>. They<span class=\"_ _0\"></span> are there<span class=\"_ _1\"></span>fore classified as \u2018held <span class=\"_ _1\"></span>to collect\u2019 f<span class=\"_ _1\"></span>ollowing </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs945\">an example set out in IFRS 9<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>hese securities are carried at amortised cost, <span class=\"_ _1\"></span>with income recognised on an eff<span class=\"_ _1\"></span>ective inter<span class=\"_ _1\"></span>est rate </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs946\">(\u2018EIR\u2019) basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse1 gs947\">(g)  <span class=\"_ _379\"> </span>Leases </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs948\">F<span class=\"_ _0\"></span>or leases wher<span class=\"_ _1\"></span>e the Gr<span class=\"_ _1\"></span>oup is the lessee a right of<span class=\"_ _0\"></span> use asset is recognised in property<span class=\"_ _0\"></span>, plant and equipment on the inception of<span class=\"_ _0\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs949\">lease based on the discounted <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the minimum lease payments at inception. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> lease liability o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the same amount is recognised </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs94a\">at inception, with <span class=\"_ _1\"></span>the unwinding of<span class=\"_ _1\"></span> the discount included in int<span class=\"_ _1\"></span>erest pa<span class=\"_ _1\"></span>yable.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs94b\">Leases <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the Group is lessor<span class=\"_ _1\"></span> are account<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> as operating or<span class=\"_ _1\"></span> finance leases in accor<span class=\"_ _1\"></span>dance with IFRS 16 \u2013 \u2018Leases<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>. A<span class=\"_ _1\"></span> finance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs94c\">lease is one which <span class=\"_ _1\"></span>transfers substantially<span class=\"_ _1\"></span> all the risks and r<span class=\"_ _1\"></span>ew<span class=\"_ _1\"></span>ards o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the ownership of<span class=\"_ _1\"></span> the asset<span class=\"_ _1\"></span> concerned. An<span class=\"_ _1\"></span>y other<span class=\"_ _0\"></span> lease is an </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs94d\">operating lease.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs94e\">Finance lease receiv<span class=\"_ _1\"></span>ables are accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> as loans to customer<span class=\"_ _1\"></span>s, with impairment pr<span class=\"_ _1\"></span>ovisions determined in accor<span class=\"_ _1\"></span>dance with IFRS 9<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs94f\">Rental income and costs on operating leases ar<span class=\"_ _1\"></span>e charged or<span class=\"_ _1\"></span> cr<span class=\"_ _1\"></span>edited to <span class=\"_ _1\"></span>the profit<span class=\"_ _1\"></span> and loss account on a straight-line basis o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs950\">lease term. <span class=\"_ _1\"></span>The associated assets ar<span class=\"_ _1\"></span>e included within pr<span class=\"_ _0\"></span>operty, plant and equipment. <span class=\"_ _1\"></span>This policy<span class=\"_ _0\"></span> applies both to assets leased to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs951\">external customers and <span class=\"_ _1\"></span>to v<span class=\"_ _1\"></span>ehicles leased to emplo<span class=\"_ _1\"></span>yees under<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s green car scheme.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse2 gs952\">(h)  <span class=\"_ _37a\"> </span>Loans <span class=\"_ _33\"></span>to  customers </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs953\">Loans <span class=\"_ _1\"></span>to customers includes assets accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> as financial assets and <span class=\"_ _1\"></span>finance leases. The Gr<span class=\"_ _1\"></span>oup assesses the classification and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs954\">measurement o<span class=\"_ _1\"></span>f a <span class=\"_ _1\"></span>financial asset based on the contractual cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span> characteristics of<span class=\"_ _1\"></span> the asset<span class=\"_ _1\"></span> and its business model for<span class=\"_ _1\"></span> managing </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs955\">the asset. T<span class=\"_ _1\"></span>he Group has concluded <span class=\"_ _1\"></span>that its business model f<span class=\"_ _1\"></span>or its customer<span class=\"_ _1\"></span> loan assets is of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>type defined as \u2018Held to collect\u2019 b<span class=\"_ _1\"></span>y </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs956\">IFRS 9 and the contractual t<span class=\"_ _1\"></span>erms of <span class=\"_ _1\"></span>the asset should give rise <span class=\"_ _1\"></span>to cash flo<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>that are solely<span class=\"_ _1\"></span> payments of<span class=\"_ _1\"></span> principal and inter<span class=\"_ _1\"></span>est (\u2018SPPI\u2019). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs90d\">Such loans are <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> on the amortised cost basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs958\">Loans adv<span class=\"_ _1\"></span>anced are <span class=\"_ _1\"></span>valued at incep<span class=\"_ _1\"></span>tion at the initial adv<span class=\"_ _1\"></span>ance amount, which is <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue at that<span class=\"_ _1\"></span> time, inclusive o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ocuration </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs959\">fees paid t<span class=\"_ _1\"></span>o brok<span class=\"_ _1\"></span>ers or o<span class=\"_ _1\"></span>ther business pr<span class=\"_ _1\"></span>oviders and less initial <span class=\"_ _1\"></span>fees paid by<span class=\"_ _1\"></span> the cust<span class=\"_ _1\"></span>omer<span class=\"_ _0\"></span>. Loans acquired fr<span class=\"_ _1\"></span>om thir<span class=\"_ _1\"></span>d parties are </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs95a\">initially <span class=\"_ _1\"></span>valued at <span class=\"_ _1\"></span>the purchase consider<span class=\"_ _1\"></span>ation paid or pa<span class=\"_ _1\"></span>yable. <span class=\"_ _1\"></span>Thereaft<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, all loans to customers are <span class=\"_ _1\"></span>valued at<span class=\"_ _1\"></span> this initial amount </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs95b\">less the cumulativ<span class=\"_ _1\"></span>e amortisation calculated using the EIR method. <span class=\"_ _1\"></span>The loan balances are <span class=\"_ _1\"></span>then reduced <span class=\"_ _1\"></span>where necessary<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> an </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs95c\">impairment pro<span class=\"_ _1\"></span>vision.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs95d\">The EIR method spreads <span class=\"_ _1\"></span>the expected net income arising <span class=\"_ _1\"></span>from a loan o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> its expected life. <span class=\"_ _1\"></span>The EIR is that r<span class=\"_ _1\"></span>ate of int<span class=\"_ _1\"></span>erest <span class=\"_ _1\"></span>which, at </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs95e\">inception, exactly<span class=\"_ _1\"></span> discounts the futur<span class=\"_ _1\"></span>e cash payments and r<span class=\"_ _1\"></span>eceipts arising fr<span class=\"_ _1\"></span>om the loan <span class=\"_ _1\"></span>to the initial carrying amount. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs95f\">Where <span class=\"_ _1\"></span>financial assets are cr<span class=\"_ _1\"></span>edit-impair<span class=\"_ _1\"></span>ed at initial recognition <span class=\"_ _1\"></span>the EIR is calculated on the basis of<span class=\"_ _1\"></span> expected futur<span class=\"_ _1\"></span>e cash receip<span class=\"_ _1\"></span>ts </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs960\">allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the effect o<span class=\"_ _1\"></span>f cr<span class=\"_ _1\"></span>edit risk. In other<span class=\"_ _1\"></span> cases, the expected contr<span class=\"_ _1\"></span>actual cash flow<span class=\"_ _1\"></span>s are used.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs961\">(i)   <span class=\"_ _b4\"> </span>Finance lease receivables<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs962\">Finance lease receiv<span class=\"_ _1\"></span>ables are included <span class=\"_ _1\"></span>within \u2018Loans <span class=\"_ _1\"></span>to Customers<span class=\"_ _1\"></span>\u2019 at the <span class=\"_ _1\"></span>total amount r<span class=\"_ _1\"></span>eceivable less inter<span class=\"_ _1\"></span>est not <span class=\"_ _1\"></span>yet<span class=\"_ _1\"></span> accrued, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs963\">unamortised commissions and pro<span class=\"_ _1\"></span>vision for<span class=\"_ _1\"></span> impairment.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs964\">Income fr<span class=\"_ _1\"></span>om finance lease contracts is go<span class=\"_ _1\"></span>verned b<span class=\"_ _1\"></span>y IFRS 16 \u2013 \u2018Leases<span class=\"_ _1\"></span>\u2019 and accounted f<span class=\"_ _1\"></span>or on <span class=\"_ _1\"></span>the actuarial basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs965\">(<span class=\"_ _2\"></span>j) <span class=\"_ _2de\"> </span> <span class=\"_ _b2\"> </span>Impairment of loans to cust<span class=\"_ _1\"></span>omers<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs966\">The carrying v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> all loans to customer<span class=\"_ _1\"></span>s, whether<span class=\"_ _1\"></span> accounted f<span class=\"_ _1\"></span>or under<span class=\"_ _1\"></span> IFRS 9 or IFRS 16, are r<span class=\"_ _1\"></span>educed by<span class=\"_ _1\"></span> an impairment pr<span class=\"_ _1\"></span>ovision </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs967\">based on their<span class=\"_ _1\"></span> ECL, det<span class=\"_ _1\"></span>ermined in accordance <span class=\"_ _1\"></span>with IFRS 9. <span class=\"_ _1\"></span>These estimates ar<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>viewed <span class=\"_ _1\"></span>throughout<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> and at each balance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs968\">sheet date. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs969\">With the ex<span class=\"_ _1\"></span>ception of<span class=\"_ _1\"></span> POCI financial assets (<span class=\"_ _1\"></span>which are discussed separ<span class=\"_ _1\"></span>ately belo<span class=\"_ _1\"></span>w), all assets ar<span class=\"_ _1\"></span>e assessed t<span class=\"_ _1\"></span>o determine whether<span class=\"_ _0\"></span> </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs96a\">there has been a significant incr<span class=\"_ _1\"></span>ease in credit<span class=\"_ _1\"></span> risk (\u2018SICR\u2019) since the point o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>first recognition (<span class=\"_ _0\"></span>origination or acquisition). <span class=\"_ _1\"></span>Assets ar<span class=\"_ _1\"></span>e also </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs96b\">re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed to identify<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> which ar<span class=\"_ _1\"></span>e \u2018Credit Impair<span class=\"_ _1\"></span>ed\u2019<span class=\"_ _e\"></span>. SICR and credit impairment ar<span class=\"_ _1\"></span>e identified on the basis of<span class=\"_ _1\"></span> pre-de<span class=\"_ _1\"></span>termined metrics </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs96c\">including qualitative and quantitative <span class=\"_ _1\"></span>factors r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant to each portf<span class=\"_ _1\"></span>olio, with a manag<span class=\"_ _1\"></span>ement re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> to ensur<span class=\"_ _1\"></span>e appr<span class=\"_ _1\"></span>opriate allocation. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs96d\">Assets which ha<span class=\"_ _1\"></span>ve not experienced an SICR ar<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as \u2018Stag<span class=\"_ _1\"></span>e 1\u2019 accounts, assets which hav<span class=\"_ _1\"></span>e experienced an SICR but ar<span class=\"_ _1\"></span>e not </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs96e\">credit impair<span class=\"_ _1\"></span>ed are r<span class=\"_ _0\"></span>eferred to as \u2018S<span class=\"_ _1\"></span>tage 2\u2019 accounts, while cr<span class=\"_ _1\"></span>edit impair<span class=\"_ _1\"></span>ed assets are r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as \u2018S<span class=\"_ _1\"></span>tage 3\u2019 accounts.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs96f\">An impairment allow<span class=\"_ _1\"></span>ance is pro<span class=\"_ _1\"></span>vided on an account-by-account<span class=\"_ _1\"></span> basis: </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs970\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _0\"></span>or Stage 1, at an amount<span class=\"_ _1\"></span> equal to 12<span class=\"_ _1\"></span>-month ECL, <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal ECL<span class=\"_ _1\"></span> that r<span class=\"_ _1\"></span>esults fr<span class=\"_ _1\"></span>om those def<span class=\"_ _1\"></span>ault ev<span class=\"_ _1\"></span>ents that ar<span class=\"_ _1\"></span>e possible within </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs971\">12 months of <span class=\"_ _1\"></span>the reporting dat<span class=\"_ _1\"></span>e, weight<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>obability of<span class=\"_ _1\"></span> those e<span class=\"_ _1\"></span>vents occurring<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs972\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _0\"></span>or Stage 2 and 3 accounts, at an amount<span class=\"_ _1\"></span> equal to life<span class=\"_ _1\"></span>time ECL, <span class=\"_ _1\"></span>the total E<span class=\"_ _1\"></span>CL<span class=\"_ _1\"></span> that r<span class=\"_ _1\"></span>esults fr<span class=\"_ _1\"></span>om any <span class=\"_ _1\"></span>future de<span class=\"_ _1\"></span>fault ev<span class=\"_ _1\"></span>ents, w<span class=\"_ _1\"></span>eighted </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs973\">by<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>obability of<span class=\"_ _0\"></span> those events occurring<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs974\">In establishing an ECL<span class=\"_ _1\"></span> allow<span class=\"_ _1\"></span>ance, the Gr<span class=\"_ _1\"></span>oup assesses its PD, L<span class=\"_ _0\"></span>GD and exposure at default<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> each reporting period, discount<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs975\">to give a net pr<span class=\"_ _0\"></span>esent value. <span class=\"_ _1\"></span>The estimates used in <span class=\"_ _1\"></span>these assessments must be unbiased and tak<span class=\"_ _1\"></span>e into account reasonable and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs976\">supportable information including f<span class=\"_ _1\"></span>orwar<span class=\"_ _1\"></span>d-looking economic inputs. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs977\">While the Gr<span class=\"_ _1\"></span>oup uses statistical models as the basis <span class=\"_ _1\"></span>for its calculation o<span class=\"_ _1\"></span>f E<span class=\"_ _1\"></span>CLs wher<span class=\"_ _1\"></span>e appropriat<span class=\"_ _1\"></span>e, expert judgement <span class=\"_ _1\"></span>will alway<span class=\"_ _1\"></span>s be </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs978\">used to assess <span class=\"_ _1\"></span>the adequacy<span class=\"_ _1\"></span> of an<span class=\"_ _1\"></span>y calculated amount<span class=\"_ _1\"></span> and additional provision made if<span class=\"_ _0\"></span> required.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs979\">Within its buy-to-le<span class=\"_ _1\"></span>t portfolio the Gr<span class=\"_ _1\"></span>oup utilises a r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of r<span class=\"_ _1\"></span>ent pr<span class=\"_ _1\"></span>ocess, wher<span class=\"_ _1\"></span>eby<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> stands between <span class=\"_ _1\"></span>the landlord and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs97a\">tenant and will de<span class=\"_ _1\"></span>termine an appropriate str<span class=\"_ _1\"></span>ategy <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> dealing with any<span class=\"_ _1\"></span> delinquency<span class=\"_ _0\"></span>. This strat<span class=\"_ _1\"></span>egy may<span class=\"_ _0\"></span> involve the immediat<span class=\"_ _1\"></span>e sale </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs97b\">of an<span class=\"_ _1\"></span>y underlying security<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> the short or<span class=\"_ _1\"></span> long term letting o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> to co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> arrear<span class=\"_ _1\"></span>s and principal shortfalls. Such cases are </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs97c\">automatically consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o have an SICR, but <span class=\"_ _1\"></span>where a le<span class=\"_ _1\"></span>tting strategy is adop<span class=\"_ _1\"></span>ted by<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> and a tenant<span class=\"_ _1\"></span> is in place, arrears may<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs97d\">be reduced or<span class=\"_ _1\"></span> cleared. Pr<span class=\"_ _1\"></span>operties in r<span class=\"_ _1\"></span>eceivership ar<span class=\"_ _1\"></span>e ev<span class=\"_ _1\"></span>entually either<span class=\"_ _1\"></span> returned <span class=\"_ _1\"></span>to their<span class=\"_ _0\"></span> landlord owners or<span class=\"_ _1\"></span> sold.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs97e\">F<span class=\"_ _0\"></span>or loan portfolios acquired at<span class=\"_ _1\"></span> a discount, the discounts <span class=\"_ _1\"></span>take account of<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e expected impairments, and cr<span class=\"_ _1\"></span>edit impair<span class=\"_ _1\"></span>ed assets in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs97f\">those portfolios ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>eated as POCI. F<span class=\"_ _0\"></span>or these assets, <span class=\"_ _1\"></span>the Group r<span class=\"_ _1\"></span>ecognises all changes in <span class=\"_ _1\"></span>future cash <span class=\"_ _1\"></span>flows arising <span class=\"_ _1\"></span>from chang<span class=\"_ _1\"></span>es in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs980\">credit quality<span class=\"_ _1\"></span> since initial r<span class=\"_ _1\"></span>ecognition as a loss allowance <span class=\"_ _1\"></span>with any<span class=\"_ _1\"></span> changes recognised in pr<span class=\"_ _1\"></span>ofit or<span class=\"_ _1\"></span> loss. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs981\">F<span class=\"_ _0\"></span>or financial accounting purposes, pr<span class=\"_ _1\"></span>ovisions f<span class=\"_ _1\"></span>or impairments of<span class=\"_ _0\"></span> loans to customers are held in an impairment allo<span class=\"_ _1\"></span>wance account <span class=\"_ _1\"></span>from </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs982\">the point at which <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised. T<span class=\"_ _1\"></span>hese balances are r<span class=\"_ _1\"></span>eleased to o<span class=\"_ _1\"></span>ffset against <span class=\"_ _1\"></span>the gross <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the loan <span class=\"_ _1\"></span>when it is writt<span class=\"_ _1\"></span>en </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs983\">off <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> accounting purposes. T<span class=\"_ _1\"></span>his occurs when standar<span class=\"_ _1\"></span>d enfor<span class=\"_ _1\"></span>cement processes ha<span class=\"_ _1\"></span>ve been completed, subject <span class=\"_ _1\"></span>to any<span class=\"_ _1\"></span> amount r<span class=\"_ _1\"></span>etained </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs984\">in respect o<span class=\"_ _1\"></span>f expected salv<span class=\"_ _1\"></span>age r<span class=\"_ _1\"></span>eceipts. <span class=\"_ _1\"></span>Any<span class=\"_ _1\"></span> further<span class=\"_ _1\"></span> gains fr<span class=\"_ _1\"></span>om post-write off<span class=\"_ _1\"></span> salvag<span class=\"_ _1\"></span>e activity ar<span class=\"_ _1\"></span>e report<span class=\"_ _1\"></span>ed as impairment gains.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs985\">(k) <span class=\"_ _e\"></span> <span class=\"_ _34\"> </span>Amounts owed b<span class=\"_ _1\"></span>y or<span class=\"_ _1\"></span> to gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs986\">In the accounts of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, balances ow<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> or <span class=\"_ _1\"></span>to other<span class=\"_ _1\"></span> group companies ar<span class=\"_ _1\"></span>e carried at the curr<span class=\"_ _1\"></span>ent amount outstanding less any<span class=\"_ _1\"></span> </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs987\">pro<span class=\"_ _1\"></span>vision. Wher<span class=\"_ _1\"></span>e balances owing betw<span class=\"_ _1\"></span>een group companies <span class=\"_ _1\"></span>fall within <span class=\"_ _1\"></span>the definition of<span class=\"_ _1\"></span> either <span class=\"_ _1\"></span>financial assets or <span class=\"_ _1\"></span>financial liabilities given </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs988\">in IAS 32 \u2013 \u2018Financial Instruments: Pr<span class=\"_ _1\"></span>esentation\u2019 <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are classified as assets or<span class=\"_ _1\"></span> liabilities at amortised cost, as defined b<span class=\"_ _1\"></span>y IFRS 9.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs98a\">(l)   <span class=\"_ _b4\"> </span>Property<span class=\"_ _1\"></span>, plant and equipment </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs98b\">Property<span class=\"_ _0\"></span>, plant and equipment is stated at cost less accumulated depr<span class=\"_ _1\"></span>eciation. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs98c\">Assets held for<span class=\"_ _0\"></span> letting under operating leases are depr<span class=\"_ _0\"></span>eciated in equal annual instalments to their<span class=\"_ _1\"></span> estimated residual <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs98d\">life of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated lease. <span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>ehicles held f<span class=\"_ _1\"></span>or short-<span class=\"_ _1\"></span>term hire ar<span class=\"_ _1\"></span>e depr<span class=\"_ _1\"></span>eciated in equal annual instalments to <span class=\"_ _1\"></span>their estimated r<span class=\"_ _0\"></span>esidual value </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs98e\">over<span class=\"_ _0\"></span> their expected useful lif<span class=\"_ _1\"></span>e. T<span class=\"_ _1\"></span>his depreciation is deducted in arriving at ne<span class=\"_ _1\"></span>t lease income and is shown in note 6.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs98f\">The assets\u2019 r<span class=\"_ _0\"></span>esidual values and useful lives ar<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed by<span class=\"_ _1\"></span> management and adjusted, if<span class=\"_ _1\"></span> appr<span class=\"_ _1\"></span>opriate, at each balance sheet date.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs990\">Depreciation on operating asse<span class=\"_ _1\"></span>ts is pro<span class=\"_ _1\"></span>vided on cost in equal annual instalments over<span class=\"_ _0\"></span> the lives of<span class=\"_ _1\"></span> the assets. Land is not depr<span class=\"_ _0\"></span>eciated. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs991\">The rates of<span class=\"_ _0\"></span> depreciation are as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span></div><div class=\"gs992\"><table class=\"s w454 h135\" id=\"_95885aac-59a3-47fc-a695-cb4cb42f9a7b\"><tr><td class=\"c n x1a7 y3e50 w455 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Freehold premises<span class=\"_ _393\"> </span></div></td><td class=\"c n xedb y3e50 w456 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Short leasehold premises<span class=\"_ _393\"> </span></div></td><td class=\"c n xedc y3e50 w457 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Computer hardwar<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td><td class=\"c n xedd y3e50 w458 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Furnitur<span class=\"_ _1\"></span>e, fixtures and office equipment<span class=\"_ _393\"> </span></div></td><td class=\"c n xede y3e50 w459 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company motor vehicles<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w17d hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xedf y3c48 w45a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">over the term of the lease<span class=\"_ _393\"> </span></div></td><td class=\"c n xedc y3c48 w45b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">25% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xee0 y3c48 w45c hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xee1 y3c48 w45b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">25% per annum<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gs993\">Depreciation on right-o<span class=\"_ _1\"></span>f-use assets r<span class=\"_ _1\"></span>ecognised in accordance <span class=\"_ _1\"></span>with IFRS 16 is provided on a str<span class=\"_ _1\"></span>aight-line basis over<span class=\"_ _0\"></span> the term of<span class=\"_ _1\"></span> the lease.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs994\">(m<span class=\"_ _1\"></span>) <span class=\"_ _134\"> </span>Intangible assets </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs995\">Intangible assets comprise purchased comput<span class=\"_ _1\"></span>er softw<span class=\"_ _1\"></span>are and o<span class=\"_ _1\"></span>ther intangible assets acquir<span class=\"_ _1\"></span>ed in business combinations.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs996\">Purchased computer<span class=\"_ _1\"></span> softw<span class=\"_ _1\"></span>are is capitalised <span class=\"_ _1\"></span>where it has a sufficiently<span class=\"_ _1\"></span> enduring natur<span class=\"_ _1\"></span>e and is stated at cost less accumulated </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs997\">amortisation. Amortisation is pr<span class=\"_ _1\"></span>ovided in equal instalments o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the expect<span class=\"_ _1\"></span>ed useful life of<span class=\"_ _1\"></span> the so<span class=\"_ _1\"></span>ftware concerned. <span class=\"_ _0\"></span>These lives range </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs998\">between <span class=\"_ _1\"></span>four and se<span class=\"_ _1\"></span>ven <span class=\"_ _1\"></span>years. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs999\">Other intangible assets acquir<span class=\"_ _1\"></span>ed in business combinations include brands and business netw<span class=\"_ _1\"></span>orks and are capitalised in accor<span class=\"_ _1\"></span>dance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs99a\">with the r<span class=\"_ _1\"></span>equirements of<span class=\"_ _0\"></span> I<span class=\"_ _2\"></span>FRS 3 \u2013 \u2018Business Combinations\u2019<span class=\"_ _e\"></span>. Such assets are stated at attributed cost<span class=\"_ _1\"></span> less accumulated amortisation. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs99b\">Amortisation is pro<span class=\"_ _1\"></span>vided in equal instalments at a rate determined at<span class=\"_ _1\"></span> the point of<span class=\"_ _1\"></span> acquisition.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs99c\">(n<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _b2\"> </span>Inves<span class=\"_ _1\"></span>tments in subsidiaries<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs99d\">The Company\u2019<span class=\"_ _0\"></span>s investments in subsidiary<span class=\"_ _1\"></span> undertakings are <span class=\"_ _1\"></span>valued at<span class=\"_ _1\"></span> cost less pro<span class=\"_ _1\"></span>vision for<span class=\"_ _1\"></span> impairment. Impairment is determined </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs99e\">based on the net asse<span class=\"_ _1\"></span>t v<span class=\"_ _1\"></span>alues of subsidiary<span class=\"_ _0\"></span> entities after pro<span class=\"_ _1\"></span>vision for<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span> company<span class=\"_ _1\"></span> balances and investments at <span class=\"_ _1\"></span>the subsidiary le<span class=\"_ _1\"></span>vel.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsa1 gs99f\">(o<span class=\"_ _0\"></span>)  <span class=\"_ _37a\"> </span>ESOP trusts<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9a0\">Where <span class=\"_ _1\"></span>trusts have been set<span class=\"_ _1\"></span> up to hold shar<span class=\"_ _1\"></span>es in the Company<span class=\"_ _0\"></span> in conjunction with the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s employee shar<span class=\"_ _0\"></span>e ownership </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9a1\">arrangements, <span class=\"_ _1\"></span>the assets, liabilities and transactions o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>those trusts ar<span class=\"_ _1\"></span>e accounted for<span class=\"_ _0\"></span> within the accounts of<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse3 gs9a2\">(p<span class=\"_ _1\"></span>)  <span class=\"_ _37a\"> </span>Own <span class=\"_ _33\"></span>shares </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9a3\">Shares in Par<span class=\"_ _1\"></span>agon Banking Gr<span class=\"_ _1\"></span>oup PL<span class=\"_ _1\"></span>C held in tr<span class=\"_ _1\"></span>easury or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>trustee of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s employ<span class=\"_ _1\"></span>ee share o<span class=\"_ _1\"></span>wnership plan are sho<span class=\"_ _1\"></span>wn on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9a4\">the balance sheet as a deduction in arriving at <span class=\"_ _1\"></span>total equity<span class=\"_ _0\"></span>. Own shares are stated at cost.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9a5\">Any<span class=\"_ _1\"></span> shortfall on disposal of such shar<span class=\"_ _1\"></span>es is offset ag<span class=\"_ _1\"></span>ainst re<span class=\"_ _1\"></span>tained earnings. An<span class=\"_ _1\"></span>y ex<span class=\"_ _1\"></span>cess of<span class=\"_ _1\"></span> disposal proceeds o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> cost of<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>easury </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9a6\">shares is added <span class=\"_ _1\"></span>to the shar<span class=\"_ _1\"></span>e premium account. <span class=\"_ _0\"></span>Where an irrev<span class=\"_ _1\"></span>ocable instruction f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the purchase of<span class=\"_ _1\"></span> such shar<span class=\"_ _1\"></span>es has been given, it is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9a7\">treated as a r<span class=\"_ _1\"></span>eduction in capital fr<span class=\"_ _1\"></span>om the point at<span class=\"_ _1\"></span> which <span class=\"_ _1\"></span>the instruction becomes irre<span class=\"_ _1\"></span>vocable.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse4 gs9a8\">(q)  <span class=\"_ _dd\"> </span>Retail  deposits<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9a9\">Retail deposits ar<span class=\"_ _1\"></span>e carried in the balance sheet on <span class=\"_ _1\"></span>the amortised cost basis. <span class=\"_ _1\"></span>The initial fair<span class=\"_ _0\"></span> value r<span class=\"_ _1\"></span>ecognised repr<span class=\"_ _1\"></span>esents the cash </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9aa\">amount receiv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om the customer<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ab\">Interest pa<span class=\"_ _1\"></span>yable <span class=\"_ _1\"></span>to the customer<span class=\"_ _1\"></span> is expensed <span class=\"_ _1\"></span>to the statement<span class=\"_ _1\"></span> of pr<span class=\"_ _1\"></span>ofit or<span class=\"_ _1\"></span> loss as inter<span class=\"_ _1\"></span>est payable o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the deposit <span class=\"_ _1\"></span>term on an EIR basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse5 gs9ac\">(r<span class=\"_ _1\"></span>)  <span class=\"_ _39\"> </span>Borrowings </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ad\">Borro<span class=\"_ _1\"></span>wings from e<span class=\"_ _1\"></span>xternal thir<span class=\"_ _1\"></span>d parties are carried in <span class=\"_ _1\"></span>the balance sheet on the amortised cost<span class=\"_ _1\"></span> basis. T<span class=\"_ _1\"></span>he initial v<span class=\"_ _1\"></span>alue recognised </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ae\">includes the principal amount r<span class=\"_ _1\"></span>eceived less any<span class=\"_ _0\"></span> discount on issue or costs of issuance.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9af\">Interest and all o<span class=\"_ _1\"></span>ther costs o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the funding ar<span class=\"_ _1\"></span>e expensed to <span class=\"_ _1\"></span>the statement of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fit or loss as inter<span class=\"_ _0\"></span>est payable ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the term of<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9b0\">borro<span class=\"_ _1\"></span>wing on an EIR basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws1b gs9b1\">(s<span class=\"_ _1\"></span>)  <span class=\"_ _b2\"> </span>Central bank facilities </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9b2\">Where central bank<span class=\"_ _1\"></span> facilities ar<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>vided at a below<span class=\"_ _1\"></span> market r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> interest, and <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>fall within <span class=\"_ _1\"></span>the definition of<span class=\"_ _1\"></span> gov<span class=\"_ _1\"></span>ernment </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9b3\">assistance as defined by<span class=\"_ _1\"></span> IAS 20 \u2013 \u2018<span class=\"_ _0\"></span>Accounting f<span class=\"_ _1\"></span>or Go<span class=\"_ _1\"></span>vernment Grants and Disclosur<span class=\"_ _0\"></span>e of Government<span class=\"_ _1\"></span> Assistance<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>, the liability is initially<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9b4\">recognised at <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> its expected cash flo<span class=\"_ _1\"></span>ws discounted at a mark<span class=\"_ _1\"></span>et rate o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est f<span class=\"_ _1\"></span>or a compar<span class=\"_ _1\"></span>able commercial borr<span class=\"_ _1\"></span>owing. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9b5\">Interest is r<span class=\"_ _0\"></span>ecognised on this liability on an EIR basis, using the imputed mark<span class=\"_ _1\"></span>et rate <span class=\"_ _1\"></span>to determine <span class=\"_ _1\"></span>the EIR.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9b7\">The remaining amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the advance is r<span class=\"_ _1\"></span>ecognised as deferr<span class=\"_ _1\"></span>ed go<span class=\"_ _1\"></span>vernment assistance and r<span class=\"_ _1\"></span>eleased to <span class=\"_ _1\"></span>the profit<span class=\"_ _1\"></span> and loss account </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9b8\">through inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the periods during which <span class=\"_ _1\"></span>the arrangement aff<span class=\"_ _1\"></span>ects profit.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs9b9\">(t) <span class=\"_ _33\"></span> <span class=\"_ _b2\"> </span>Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ba\">Securities, including the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s own retained asset-back<span class=\"_ _1\"></span>ed notes, can be sold subject <span class=\"_ _1\"></span>to a commitment t<span class=\"_ _1\"></span>o repur<span class=\"_ _1\"></span>chase them at a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9bb\">subsequent date at a price calculated on a pr<span class=\"_ _1\"></span>e-determined basis (<span class=\"_ _1\"></span>a repo<span class=\"_ _1\"></span>). Wher<span class=\"_ _0\"></span>e this price comprises a fixed amount plus a lenders<span class=\"_ _1\"></span>\u2019 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9bc\">return, <span class=\"_ _1\"></span>the funds r<span class=\"_ _1\"></span>eceived ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>eated as borro<span class=\"_ _1\"></span>wings of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9bd\">Where <span class=\"_ _1\"></span>the securities concerned are r<span class=\"_ _1\"></span>etained notes no liability<span class=\"_ _1\"></span> is recognised in asse<span class=\"_ _1\"></span>t-backed loan not<span class=\"_ _1\"></span>es and wher<span class=\"_ _1\"></span>e the securities ar<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9be\">recognised on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s balance sheet prior <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>transaction, <span class=\"_ _1\"></span>these are not der<span class=\"_ _0\"></span>ecognised. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9bf\">The differ<span class=\"_ _1\"></span>ence between <span class=\"_ _1\"></span>the sale and purchase price is accrued o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the life o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the agreement using <span class=\"_ _1\"></span>the EIR method.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse3 gs9c0\">(u<span class=\"_ _1\"></span>)  <span class=\"_ _37a\"> </span>Provisions <span class=\"_ _2\"></span>for <span class=\"_ _33\"></span>liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9c1\">Pro<span class=\"_ _1\"></span>visions for<span class=\"_ _1\"></span> liabilities are made in accor<span class=\"_ _1\"></span>dance with IA<span class=\"_ _1\"></span>S 37 \u2013 \u2018Pro<span class=\"_ _1\"></span>visions, Contingent Liabilities and Conting<span class=\"_ _1\"></span>ent Asse<span class=\"_ _1\"></span>ts\u2019<span class=\"_ _e\"></span>. Provision is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9c2\">made wher<span class=\"_ _1\"></span>e it is probable <span class=\"_ _1\"></span>that an outflow<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> resour<span class=\"_ _1\"></span>ces will be r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to settle an obligation arising <span class=\"_ _1\"></span>from a past e<span class=\"_ _1\"></span>vent. <span class=\"_ _1\"></span>The amount </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9c3\">of pr<span class=\"_ _0\"></span>ovision is based on the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s current estimate, at<span class=\"_ _1\"></span> the balance sheet date, o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the amount which <span class=\"_ _1\"></span>would need <span class=\"_ _1\"></span>to be paid to a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9c4\">third party<span class=\"_ _1\"></span> at that point<span class=\"_ _1\"></span> to extinguish all liabilities arising <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the ev<span class=\"_ _1\"></span>ent. As such it<span class=\"_ _1\"></span> would include incr<span class=\"_ _1\"></span>emental costs r<span class=\"_ _1\"></span>elated to <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9c5\">settlement of<span class=\"_ _1\"></span> the liability<span class=\"_ _0\"></span>. This amount is calculated on a pr<span class=\"_ _1\"></span>esent <span class=\"_ _1\"></span>value basis, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the time <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> money<span class=\"_ _1\"></span> is significant.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws1a gs9c6\">(v<span class=\"_ _1\"></span>)  <span class=\"_ _b2\"> </span>Derivative financial instruments </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9c7\">All derivativ<span class=\"_ _1\"></span>e financial instruments are carried in <span class=\"_ _1\"></span>the balance sheet at <span class=\"_ _1\"></span>fair <span class=\"_ _0\"></span>value, as assets wher<span class=\"_ _1\"></span>e the <span class=\"_ _1\"></span>value is positive or<span class=\"_ _0\"></span> as liabilities </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9c8\">where <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue is negative. F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>value is based on mark<span class=\"_ _1\"></span>et prices, <span class=\"_ _1\"></span>where a mark<span class=\"_ _1\"></span>et exists. If<span class=\"_ _1\"></span> ther<span class=\"_ _1\"></span>e is no active mark<span class=\"_ _1\"></span>et, fair<span class=\"_ _0\"></span> value is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9c9\">calculated using present <span class=\"_ _0\"></span>value models which incorporate assumptions based on mark<span class=\"_ _1\"></span>et conditions and ar<span class=\"_ _1\"></span>e consistent <span class=\"_ _1\"></span>with accepted </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ca\">economic methodologies for<span class=\"_ _0\"></span> pricing financial instruments. Changes in the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value of<span class=\"_ _0\"></span> derivatives are r<span class=\"_ _1\"></span>ecognised in the statement<span class=\"_ _1\"></span> of </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9cb\">profit<span class=\"_ _1\"></span> or loss.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse6 gs9cc\">(w<span class=\"_ _1\"></span>) Hedging<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9cd\">IFRS 9 paragraph 7<span class=\"_ _0\"></span>.2.21 permits an entity <span class=\"_ _1\"></span>to elect, as a matter<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> accounting policy<span class=\"_ _0\"></span>, to continue to apply<span class=\"_ _1\"></span> the hedge accounting </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ce\">requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 39 in place of<span class=\"_ _1\"></span> those set out<span class=\"_ _1\"></span> in Chapter<span class=\"_ _1\"></span> 6 of IFRS 9<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he Group has made <span class=\"_ _1\"></span>this election, and the accounting policy<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9cf\">below has been de<span class=\"_ _1\"></span>termined in accordance <span class=\"_ _1\"></span>with IAS 39<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d0\">F<span class=\"_ _0\"></span>or all hedges, the Gr<span class=\"_ _1\"></span>oup documents the r<span class=\"_ _1\"></span>elationship between <span class=\"_ _1\"></span>the hedging instruments and the hedg<span class=\"_ _1\"></span>ed items at inception, as <span class=\"_ _1\"></span>well </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d1\">as its risk management str<span class=\"_ _1\"></span>ategy and objectiv<span class=\"_ _1\"></span>es for<span class=\"_ _1\"></span> undertaking the <span class=\"_ _1\"></span>transaction. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup also documents its assessment, both at </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d2\">hedge inception and on an ongoing basis, o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>whether <span class=\"_ _1\"></span>the hedging arrangements put<span class=\"_ _1\"></span> in place are consider<span class=\"_ _1\"></span>ed to be \u2018highly<span class=\"_ _1\"></span> effectiv<span class=\"_ _1\"></span>e\u2019 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d3\">as defined by<span class=\"_ _1\"></span> IAS 39<span class=\"_ _1\"></span>. F<span class=\"_ _0\"></span>or a fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value hedge, as long as <span class=\"_ _1\"></span>the hedging relationship is deemed \u2018highly<span class=\"_ _1\"></span> effectiv<span class=\"_ _1\"></span>e\u2019 and meets <span class=\"_ _1\"></span>the hedging </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d4\">requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 39<span class=\"_ _1\"></span>, any<span class=\"_ _1\"></span> gain or loss on <span class=\"_ _1\"></span>the hedging instrument r<span class=\"_ _1\"></span>ecognised in income can be offset against <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value loss or<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d5\">gain arising fr<span class=\"_ _1\"></span>om the hedg<span class=\"_ _1\"></span>ed item for<span class=\"_ _1\"></span> the hedg<span class=\"_ _1\"></span>ed risk. </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d6\">F<span class=\"_ _0\"></span>or macro hedges (hedg<span class=\"_ _1\"></span>es of<span class=\"_ _1\"></span> interest r<span class=\"_ _1\"></span>ate risk f<span class=\"_ _1\"></span>or a portf<span class=\"_ _1\"></span>olio of loan assets or<span class=\"_ _0\"></span> retail deposit liabilities) <span class=\"_ _1\"></span>this fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue adjustment is </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d7\">disclosed in the balance sheet alongside <span class=\"_ _1\"></span>the hedged item, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> other hedg<span class=\"_ _1\"></span>es the adjustment is made <span class=\"_ _1\"></span>to the carrying <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedged </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d8\">asset or<span class=\"_ _1\"></span> liability<span class=\"_ _1\"></span>. Only <span class=\"_ _1\"></span>the net ineff<span class=\"_ _1\"></span>ectiveness of<span class=\"_ _1\"></span> the hedge is char<span class=\"_ _1\"></span>ged or<span class=\"_ _1\"></span> credited <span class=\"_ _1\"></span>to income. <span class=\"_ _1\"></span>Where a f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value hedg<span class=\"_ _1\"></span>e relationship is </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9d9\">terminated, or<span class=\"_ _1\"></span> deemed ineffective, <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value adjustment is amortised o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>emaining term of<span class=\"_ _1\"></span> the underlying it<span class=\"_ _1\"></span>em.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse7 gs9da\">(x)  <span class=\"_ _dd\"> </span>T<span class=\"_ _0\"></span>axation<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9db\">The charge <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> taxation r<span class=\"_ _1\"></span>epresents <span class=\"_ _1\"></span>the expected UK corpor<span class=\"_ _1\"></span>ation tax (including the Bank<span class=\"_ _1\"></span> Corporation <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>ax Surchar<span class=\"_ _1\"></span>ge wher<span class=\"_ _0\"></span>e applicable) </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9dc\">and other income <span class=\"_ _1\"></span>taxes arising <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s profit<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. T<span class=\"_ _1\"></span>his consists of <span class=\"_ _1\"></span>the current<span class=\"_ _1\"></span> tax which <span class=\"_ _1\"></span>will be shown in <span class=\"_ _1\"></span>tax returns </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9dd\">for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> and tax def<span class=\"_ _1\"></span>erred because of<span class=\"_ _1\"></span> tempor<span class=\"_ _1\"></span>ary diff<span class=\"_ _1\"></span>erences. <span class=\"_ _1\"></span>This, in gener<span class=\"_ _1\"></span>al, repr<span class=\"_ _1\"></span>esents the <span class=\"_ _1\"></span>tax impact of<span class=\"_ _1\"></span> items recor<span class=\"_ _1\"></span>ded in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9de\">current <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> but <span class=\"_ _1\"></span>which will impact <span class=\"_ _1\"></span>tax returns <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> periods other <span class=\"_ _1\"></span>than the one in <span class=\"_ _1\"></span>which the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e included in the <span class=\"_ _1\"></span>financial statements. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9df\">The Group <span class=\"_ _1\"></span>will hold a pro<span class=\"_ _1\"></span>vision f<span class=\"_ _1\"></span>or any<span class=\"_ _0\"></span> uncertain tax positions at the balance sheet date based on a global assessment o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9e0\">expected amount <span class=\"_ _1\"></span>that will ultimately<span class=\"_ _1\"></span> be pay<span class=\"_ _1\"></span>able.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9e1\">T<span class=\"_ _0\"></span>ax r<span class=\"_ _1\"></span>elating to items <span class=\"_ _1\"></span>taken dir<span class=\"_ _1\"></span>ectly <span class=\"_ _1\"></span>to equity<span class=\"_ _1\"></span> is also tak<span class=\"_ _1\"></span>en directly<span class=\"_ _1\"></span> to equity<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wsc0 gs9e2\">(y)  <span class=\"_ _b2\"> </span>Deferred taxation </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9e3\">Deferr<span class=\"_ _1\"></span>ed taxation is pr<span class=\"_ _1\"></span>ovided in full on <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ences that r<span class=\"_ _1\"></span>esult in an obligation at <span class=\"_ _1\"></span>the balance sheet date <span class=\"_ _1\"></span>to pay<span class=\"_ _1\"></span> more <span class=\"_ _1\"></span>tax, or </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9e4\">a right to pa<span class=\"_ _1\"></span>y less <span class=\"_ _1\"></span>tax, at a futur<span class=\"_ _1\"></span>e date, at rates e<span class=\"_ _1\"></span>xpected to apply<span class=\"_ _1\"></span> when <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> crystallise based on curr<span class=\"_ _1\"></span>ent tax r<span class=\"_ _1\"></span>ates and law<span class=\"_ _1\"></span>. Deferr<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9e5\">tax assets are r<span class=\"_ _1\"></span>ecognised t<span class=\"_ _1\"></span>o the extent <span class=\"_ _1\"></span>that it is r<span class=\"_ _1\"></span>egarded as pr<span class=\"_ _1\"></span>obable that<span class=\"_ _1\"></span> they<span class=\"_ _0\"></span> will be recov<span class=\"_ _1\"></span>ered. <span class=\"_ _0\"></span>As required by<span class=\"_ _1\"></span> IAS 12 \u2013 \u2018Income </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9e6\">T<span class=\"_ _0\"></span>ax<span class=\"_ _1\"></span>es\u2019<span class=\"_ _e\"></span>, deferred <span class=\"_ _1\"></span>tax assets and liabilities are no<span class=\"_ _1\"></span>t discounted t<span class=\"_ _1\"></span>o tak<span class=\"_ _1\"></span>e account of <span class=\"_ _1\"></span>the expected <span class=\"_ _1\"></span>timing of r<span class=\"_ _0\"></span>ealisation.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs9e8\">(z)  <span class=\"_ _b4\"> </span>Retirement benefit obligations </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9e9\">The expected cost o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>oviding pensions <span class=\"_ _1\"></span>within the funded de<span class=\"_ _1\"></span>fined benefit scheme, determined on <span class=\"_ _1\"></span>the basis of annual <span class=\"_ _1\"></span>valuations b<span class=\"_ _1\"></span>y </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ea\">prof<span class=\"_ _1\"></span>essionally qualified actuaries using <span class=\"_ _1\"></span>the projected unit<span class=\"_ _1\"></span> method, is charged <span class=\"_ _1\"></span>to the statement<span class=\"_ _1\"></span> of pr<span class=\"_ _1\"></span>ofit or<span class=\"_ _1\"></span> loss. <span class=\"_ _1\"></span>Actuarial gains and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9eb\">losses are r<span class=\"_ _1\"></span>ecognised in full in <span class=\"_ _1\"></span>the period in which <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> occur and do not<span class=\"_ _1\"></span> form part o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the result <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the period, being r<span class=\"_ _1\"></span>ecognised in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ec\">Statement of<span class=\"_ _1\"></span> Comprehensiv<span class=\"_ _1\"></span>e Income.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ed\">The re<span class=\"_ _1\"></span>tirement benefit<span class=\"_ _1\"></span> obligation asset r<span class=\"_ _1\"></span>ecognised in the balance sheet r<span class=\"_ _1\"></span>epresents <span class=\"_ _1\"></span>the ex<span class=\"_ _1\"></span>cess of <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the scheme assets </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ee\">over<span class=\"_ _0\"></span> the present <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the defined bene<span class=\"_ _1\"></span>fit obligation. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ef\">The expected <span class=\"_ _1\"></span>finance income fr<span class=\"_ _1\"></span>om the surplus, as estimated at <span class=\"_ _1\"></span>the beginning of <span class=\"_ _1\"></span>the period, is recognised in <span class=\"_ _1\"></span>the r<span class=\"_ _1\"></span>esult for<span class=\"_ _1\"></span> the period </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9f0\">within interest r<span class=\"_ _0\"></span>eceivable. Any<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>variances against <span class=\"_ _1\"></span>the estimated amount in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>form part of<span class=\"_ _1\"></span> the actuarial gain or<span class=\"_ _0\"></span> loss.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9f1\">The charge <span class=\"_ _1\"></span>to the income stat<span class=\"_ _1\"></span>ement for<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oviding pensions under<span class=\"_ _1\"></span> defined contribution pension schemes is equal to <span class=\"_ _1\"></span>the contributions </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gs9f2\">payable t<span class=\"_ _1\"></span>o such <span class=\"_ _2\"></span>schemes for<span class=\"_ _1\"></span> the year<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse8 gs9f3\">(aa<span class=\"_ _1\"></span>) Re<span class=\"_ _1\"></span>venue<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9f4\">The re<span class=\"_ _1\"></span>venue o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group comprises inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>eceivable and similar<span class=\"_ _1\"></span> charges, operating lease income and o<span class=\"_ _1\"></span>ther income. <span class=\"_ _1\"></span>The </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9f5\">accounting policy<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>ecognition of<span class=\"_ _1\"></span> each element of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>venue is described separately<span class=\"_ _1\"></span> within <span class=\"_ _1\"></span>these accounting policies.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gs9f6\">(bb) <span class=\"_ _5\"> </span>Other income<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9f7\">Other income, <span class=\"_ _1\"></span>which is accounted f<span class=\"_ _1\"></span>or in accor<span class=\"_ _1\"></span>dance with IFRS 15, includes:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9f8\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>E<span class=\"_ _1\"></span>vent-based administration <span class=\"_ _1\"></span>fees charg<span class=\"_ _1\"></span>ed to borr<span class=\"_ _1\"></span>owers (<span class=\"_ _0\"></span>other than <span class=\"_ _1\"></span>the initial fees included in amortised cost), <span class=\"_ _1\"></span>which are cr<span class=\"_ _0\"></span>edited </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9f9\">when the r<span class=\"_ _1\"></span>elated service is performed<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9fa\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Commissions receiv<span class=\"_ _1\"></span>able on the sale o<span class=\"_ _1\"></span>f insurances, as ag<span class=\"_ _1\"></span>ent of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>third-party<span class=\"_ _1\"></span> insurer<span class=\"_ _0\"></span>, which ar<span class=\"_ _1\"></span>e tak<span class=\"_ _1\"></span>en to pr<span class=\"_ _1\"></span>ofit at <span class=\"_ _1\"></span>the point at which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9fb\">the Group becomes unconditionally<span class=\"_ _1\"></span> entitled to <span class=\"_ _1\"></span>the income<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9fc\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Maintenance income, charg<span class=\"_ _1\"></span>ed as part of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s contract hir<span class=\"_ _1\"></span>e arrangements, <span class=\"_ _1\"></span>which is recognised as <span class=\"_ _1\"></span>the services are pr<span class=\"_ _1\"></span>ovided. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9fd\">Costs of <span class=\"_ _1\"></span>these services are deduct<span class=\"_ _1\"></span>ed in other income<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9fe\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Brok<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span> fees r<span class=\"_ _1\"></span>eceivable on <span class=\"_ _1\"></span>the arrangement o<span class=\"_ _1\"></span>f loans <span class=\"_ _1\"></span>funded by<span class=\"_ _1\"></span> thir<span class=\"_ _1\"></span>d parties, on an agency<span class=\"_ _1\"></span> basis, which ar<span class=\"_ _1\"></span>e tak<span class=\"_ _1\"></span>en to pr<span class=\"_ _1\"></span>ofit at <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs9ff\">point of<span class=\"_ _1\"></span> completion of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated loan<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsa00\">(cc<span class=\"_ _0\"></span>) <span class=\"_ _f\"> </span>Share-based payments<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa01\">In accordance <span class=\"_ _1\"></span>with IFRS 2 \u2013 \u2018Share-based Payments<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>, the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue at the dat<span class=\"_ _1\"></span>e of gr<span class=\"_ _1\"></span>ant of a<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>ds to be made in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> options and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa02\">shares grant<span class=\"_ _1\"></span>ed under <span class=\"_ _1\"></span>the terms of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s various shar<span class=\"_ _1\"></span>e-based employ<span class=\"_ _1\"></span>ee incentive arrang<span class=\"_ _1\"></span>ements is charged t<span class=\"_ _1\"></span>o the statement o<span class=\"_ _1\"></span>f </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa03\">profit<span class=\"_ _1\"></span> or loss account o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the period betw<span class=\"_ _1\"></span>een the date o<span class=\"_ _1\"></span>f grant and <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>esting date.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa04\">National Insurance on share-based pa<span class=\"_ _1\"></span>yments is accrued ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>esting period, based on the shar<span class=\"_ _1\"></span>e price at the balance sheet dat<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa05\">Where <span class=\"_ _1\"></span>the allowable cost<span class=\"_ _1\"></span> of shar<span class=\"_ _1\"></span>e-based aw<span class=\"_ _1\"></span>ards f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>tax purposes is greater<span class=\"_ _0\"></span> than the cost determined in accor<span class=\"_ _1\"></span>dance with IFRS 2, the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa06\">tax effect of<span class=\"_ _0\"></span> the excess is tak<span class=\"_ _1\"></span>en t<span class=\"_ _1\"></span>o reserv<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse9 gsa07\">(dd) Dividends<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa08\">In accordance <span class=\"_ _1\"></span>with IAS 10 \u2013 \u2018E<span class=\"_ _1\"></span>vents after<span class=\"_ _1\"></span> the balance shee<span class=\"_ _1\"></span>t date\u2019<span class=\"_ _14\"></span>, dividends payable on ordinary<span class=\"_ _1\"></span> shares ar<span class=\"_ _1\"></span>e recognised in equity<span class=\"_ _1\"></span> once </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa09\">they<span class=\"_ _1\"></span> are appr<span class=\"_ _1\"></span>opriately<span class=\"_ _1\"></span> authorised and are no longer<span class=\"_ _0\"></span> at the discretion of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. Dividends declared aft<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the balance sheet </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa0a\">date, but befor<span class=\"_ _1\"></span>e the authorisation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the financial statements r<span class=\"_ _1\"></span>emain within shar<span class=\"_ _1\"></span>eholders\u2019 <span class=\"_ _1\"></span>funds. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa0b\">Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, such dividends are deducted <span class=\"_ _1\"></span>from r<span class=\"_ _1\"></span>egulatory capital <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the point at <span class=\"_ _1\"></span>which the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e announced, and capital disclosures ar<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa0c\">prepar<span class=\"_ _1\"></span>ed on this basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsa0d\">(ee<span class=\"_ _0\"></span>) <span class=\"_ _b7\"> </span>For<span class=\"_ _1\"></span>eign currency<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa0e\">F<span class=\"_ _0\"></span>oreign currency<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>ansactions, assets and liabilities are accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> in accordance <span class=\"_ _1\"></span>with IAS 21 \u2013 \u2018The E<span class=\"_ _1\"></span>ffects of<span class=\"_ _1\"></span> Changes in F<span class=\"_ _0\"></span>oreign </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa0f\">Exchange Rat<span class=\"_ _1\"></span>es\u2019<span class=\"_ _e\"></span>. The <span class=\"_ _1\"></span>functional currenc<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, and all the o<span class=\"_ _1\"></span>ther entities in <span class=\"_ _1\"></span>the Group, is <span class=\"_ _1\"></span>the pound sterling. <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>ransactions </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa10\">which are not<span class=\"_ _1\"></span> denominated in sterling are <span class=\"_ _1\"></span>translated into sterling at<span class=\"_ _1\"></span> the spot r<span class=\"_ _1\"></span>ate of e<span class=\"_ _1\"></span>xchange on <span class=\"_ _1\"></span>the date of<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>ansaction. Monetary </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa11\">assets and liabilities which ar<span class=\"_ _1\"></span>e not denominated in sterling ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>anslated at the closing r<span class=\"_ _1\"></span>ate on the balance sheet dat<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa12\">Gains and losses on retr<span class=\"_ _1\"></span>anslation are included in inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able or inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>eceivable depending on <span class=\"_ _1\"></span>whether <span class=\"_ _1\"></span>the underlying </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa13\">instrument is an asset or<span class=\"_ _1\"></span> a liability<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsa14\">(ff) <span class=\"_ _b2\"> </span>Segmental reporting<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa15\">The accounting policies of<span class=\"_ _1\"></span> the segments ar<span class=\"_ _1\"></span>e the same as <span class=\"_ _1\"></span>those described above <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup as a whole. Inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able by<span class=\"_ _1\"></span> each </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa16\">segment includes directly<span class=\"_ _1\"></span> attributable funding and <span class=\"_ _1\"></span>the allocated cost of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>tail deposit funds utilised. <span class=\"_ _1\"></span>Attributable hedging <span class=\"_ _1\"></span>transactions </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa17\">are also included in segment r<span class=\"_ _1\"></span>esults. Costs attributed <span class=\"_ _1\"></span>to each segment repr<span class=\"_ _1\"></span>esent the dir<span class=\"_ _0\"></span>ect costs incurred by<span class=\"_ _1\"></span> the segment operations.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-381": {
   "value": "(a<span class=\"_ _1\"></span>)  <span class=\"_ _dd\"> </span>Accounting <span class=\"_ _2\"></span>convention The financial statements ha<span class=\"_ _1\"></span>ve been pr<span class=\"_ _1\"></span>epared under<span class=\"_ _1\"></span> the historical cost<span class=\"_ _1\"></span> convention, ex<span class=\"_ _1\"></span>cept as r<span class=\"_ _1\"></span>equired in <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation of<span class=\"_ _1\"></span> certain financial instruments which ar<span class=\"_ _1\"></span>e carried at fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "paragonbankingplc:DescriptionOfAccountingPolicyForAccountingConvention",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-382": {
   "value": "(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Basis of consolidation The consolidated financial stat<span class=\"_ _1\"></span>ements deal with the accounts o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> and its subsidiaries made up to 30 September<span class=\"_ _0\"></span> 2025. Subsidiaries comprise all those entities o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> which the Gr<span class=\"_ _0\"></span>oup has control, as defined by<span class=\"_ _1\"></span> IFRS 10 \u2013 \u2018Consolidated Financial Statements\u2019<span class=\"_ _e\"></span>.<span class=\"_ _393\"> </span>In addition to legal subsidiaries, <span class=\"_ _1\"></span>wher<span class=\"_ _1\"></span>e the Company<span class=\"_ _1\"></span> owns shar<span class=\"_ _1\"></span>es in the entity<span class=\"_ _0\"></span>, directly or<span class=\"_ _1\"></span> indir<span class=\"_ _1\"></span>ectly<span class=\"_ _1\"></span>, in accordance <span class=\"_ _1\"></span>with IFRS 10, companies owned by<span class=\"_ _1\"></span> charitable trusts int<span class=\"_ _1\"></span>o which loans originated b<span class=\"_ _1\"></span>y gr<span class=\"_ _1\"></span>oup companies w<span class=\"_ _1\"></span>ere sold as part of<span class=\"_ _0\"></span> its warehouse and securitisation funding arrang<span class=\"_ _1\"></span>ements, wher<span class=\"_ _1\"></span>e the Gr<span class=\"_ _1\"></span>oup enjoys <span class=\"_ _1\"></span>the benefits of<span class=\"_ _1\"></span> ownership and <span class=\"_ _1\"></span>which, ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e, it is considered <span class=\"_ _1\"></span>to control, ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>eated as subsidiaries.<span class=\"_ _393\"> </span>A <span class=\"_ _1\"></span>full list of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s subsidiaries is set out in note 68, tog<span class=\"_ _1\"></span>ether <span class=\"_ _1\"></span>with further<span class=\"_ _1\"></span> information on <span class=\"_ _1\"></span>the basis on which <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are consider<span class=\"_ _1\"></span>ed to be controlled b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Company<span class=\"_ _0\"></span>. The r<span class=\"_ _1\"></span>esults of businesses acquir<span class=\"_ _1\"></span>ed ar<span class=\"_ _1\"></span>e dealt with in <span class=\"_ _1\"></span>the consolidated accounts fr<span class=\"_ _1\"></span>om the date of acquisition.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-383": {
   "value": "(c<span class=\"_ _0\"></span>)  <span class=\"_ _dd\"> </span>Going concern<span class=\"_ _393\"> </span>The consolidated financial stat<span class=\"_ _1\"></span>ements have been pr<span class=\"_ _1\"></span>epared on <span class=\"_ _1\"></span>the going concern basis.<span class=\"_ _393\"> </span>The direct<span class=\"_ _1\"></span>ors have adop<span class=\"_ _1\"></span>ted this basis <span class=\"_ _1\"></span>following a going concern assessment<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Compan<span class=\"_ _1\"></span>y co<span class=\"_ _1\"></span>vering a period of<span class=\"_ _1\"></span> at least tw<span class=\"_ _1\"></span>elve months f<span class=\"_ _1\"></span>ollowing the dat<span class=\"_ _1\"></span>e of appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>al of<span class=\"_ _1\"></span> these financial stat<span class=\"_ _1\"></span>ements. Details of <span class=\"_ _1\"></span>this assessment ar<span class=\"_ _1\"></span>e set out in note 66.<span class=\"_ _393\"> </span><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gsae0\">66. Going concern<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae1\">The financial statements o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group and <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> have been pr<span class=\"_ _1\"></span>epared on a g<span class=\"_ _1\"></span>oing concern basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae2\">Accounting standards r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>e the dir<span class=\"_ _1\"></span>ectors to assess <span class=\"_ _1\"></span>the ability o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group and <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> to continue <span class=\"_ _1\"></span>to adopt the g<span class=\"_ _1\"></span>oing </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae3\">concern basis of accounting<span class=\"_ _1\"></span>. In performing this assessment, <span class=\"_ _1\"></span>the direct<span class=\"_ _1\"></span>ors consider all a<span class=\"_ _1\"></span>vailable information about<span class=\"_ _1\"></span> the futur<span class=\"_ _1\"></span>e, the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae4\">possible outcomes of<span class=\"_ _1\"></span> ev<span class=\"_ _1\"></span>ents and changes in conditions and the r<span class=\"_ _1\"></span>ealistically possible r<span class=\"_ _1\"></span>esponses t<span class=\"_ _1\"></span>o such events and conditions <span class=\"_ _1\"></span>that </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae5\">would be av<span class=\"_ _1\"></span>ailable to <span class=\"_ _1\"></span>them, having r<span class=\"_ _1\"></span>egard <span class=\"_ _1\"></span>to the \u2018Guidance on Risk<span class=\"_ _1\"></span> Management, Internal Contr<span class=\"_ _1\"></span>ol and Related Financial and Business </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae6\">Reporting\u2019 published by<span class=\"_ _0\"></span> the Financial Reporting Council in September<span class=\"_ _1\"></span> 2014.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae7\">Particular<span class=\"_ _1\"></span> focus is giv<span class=\"_ _1\"></span>en to <span class=\"_ _1\"></span>the financial f<span class=\"_ _1\"></span>orecasts <span class=\"_ _1\"></span>to ensure <span class=\"_ _1\"></span>the adequacy<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> resour<span class=\"_ _1\"></span>ces, including liquidity and capital, a<span class=\"_ _1\"></span>vailable f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae8\">Group and <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> to meet <span class=\"_ _1\"></span>their business objectiv<span class=\"_ _1\"></span>es on both a short-t<span class=\"_ _1\"></span>erm and strategic basis. <span class=\"_ _1\"></span>The guidance requir<span class=\"_ _1\"></span>es that<span class=\"_ _1\"></span> this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsae9\">assessment cov<span class=\"_ _1\"></span>ers a period of<span class=\"_ _1\"></span> at least tw<span class=\"_ _1\"></span>elve months fr<span class=\"_ _1\"></span>om the dat<span class=\"_ _1\"></span>e of appr<span class=\"_ _1\"></span>ov<span class=\"_ _1\"></span>al of<span class=\"_ _1\"></span> these financial stat<span class=\"_ _1\"></span>ements.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsaeb\">Financial and capital forecas<span class=\"_ _1\"></span>ting<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaec\">The Group has a <span class=\"_ _1\"></span>formalised pr<span class=\"_ _1\"></span>ocess of budg<span class=\"_ _1\"></span>eting, r<span class=\"_ _1\"></span>eporting and re<span class=\"_ _1\"></span>view<span class=\"_ _0\"></span>. The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s planning procedur<span class=\"_ _1\"></span>es for<span class=\"_ _0\"></span>ecast its profitability<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaed\">capital position, including its regulatory<span class=\"_ _1\"></span> capital position, funding r<span class=\"_ _1\"></span>equirement<span class=\"_ _1\"></span> and cash flow<span class=\"_ _1\"></span>s. Detailed plans are pr<span class=\"_ _1\"></span>oduced f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>two-y<span class=\"_ _1\"></span>ear </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaee\">periods with longer<span class=\"_ _0\"></span>-term for<span class=\"_ _1\"></span>ecasts cov<span class=\"_ _1\"></span>ering a five-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> period, including detailed income f<span class=\"_ _1\"></span>orecasts. <span class=\"_ _1\"></span>These plans pr<span class=\"_ _1\"></span>ovide information </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaef\">to the dir<span class=\"_ _1\"></span>ectors <span class=\"_ _1\"></span>which is used to ensur<span class=\"_ _1\"></span>e the adequacy<span class=\"_ _0\"></span> of resour<span class=\"_ _1\"></span>ces av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup to mee<span class=\"_ _1\"></span>t its business objectives, both on a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf0\">short-term and strat<span class=\"_ _1\"></span>egic basis.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf1\">The f<span class=\"_ _1\"></span>orecast is updated e<span class=\"_ _1\"></span>very<span class=\"_ _1\"></span> six months, and the dir<span class=\"_ _1\"></span>ectors hav<span class=\"_ _1\"></span>e based their<span class=\"_ _1\"></span> going concern assessment on <span class=\"_ _1\"></span>the for<span class=\"_ _1\"></span>ecast <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the period </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf2\">beginning on 1 October 2025.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf3\">The Group mak<span class=\"_ _1\"></span>es extensiv<span class=\"_ _1\"></span>e use of<span class=\"_ _1\"></span> stress <span class=\"_ _1\"></span>testing in compiling and re<span class=\"_ _1\"></span>viewing its <span class=\"_ _1\"></span>forecasts. <span class=\"_ _0\"></span>This stress testing appr<span class=\"_ _1\"></span>oach w<span class=\"_ _1\"></span>as re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf4\">in detail during the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> as part of<span class=\"_ _1\"></span> the annual Internal Capital <span class=\"_ _0\"></span>Adequacy <span class=\"_ _1\"></span>Assessment Pr<span class=\"_ _1\"></span>ocess (\u2018ICAAP\u2019) cycle, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>testing consider<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf5\">the impact of<span class=\"_ _1\"></span> a number of<span class=\"_ _0\"></span> severe but plausible scenarios. During <span class=\"_ _1\"></span>the planning process, sensitivity<span class=\"_ _0\"></span> analysis was carried out on a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf6\">number o<span class=\"_ _1\"></span>f k<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span> assumptions that<span class=\"_ _1\"></span> underpin the f<span class=\"_ _1\"></span>orecast <span class=\"_ _1\"></span>to ev<span class=\"_ _1\"></span>aluate the impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s principal risks.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf7\">The ke<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span> stresses modelled in detail <span class=\"_ _1\"></span>to ev<span class=\"_ _1\"></span>aluate the <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast w<span class=\"_ _1\"></span>ere:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf8\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Increase in buy<span class=\"_ _1\"></span>-to-let <span class=\"_ _1\"></span>volumes. <span class=\"_ _0\"></span>This examined the impact of<span class=\"_ _1\"></span> higher <span class=\"_ _1\"></span>volumes at a r<span class=\"_ _1\"></span>educed <span class=\"_ _1\"></span>yield on profitability<span class=\"_ _1\"></span> and illustrated <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaf9\">extent <span class=\"_ _1\"></span>to which capital r<span class=\"_ _1\"></span>esources and liquidity<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>ould be stret<span class=\"_ _1\"></span>ched due to <span class=\"_ _1\"></span>the higher cash and capital r<span class=\"_ _1\"></span>equirements<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsafa\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Prolong<span class=\"_ _1\"></span>ed reduction in buy<span class=\"_ _1\"></span>-to-let <span class=\"_ _1\"></span>volumes. <span class=\"_ _1\"></span>This analy<span class=\"_ _1\"></span>sis explored <span class=\"_ _1\"></span>the effect o<span class=\"_ _1\"></span>f heightened competition in <span class=\"_ _1\"></span>the buy-t<span class=\"_ _1\"></span>o-let market, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsafb\">highlighting its influence on the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s return metrics, portfolio composition and o<span class=\"_ _1\"></span>verall pr<span class=\"_ _1\"></span>ofitability<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsafc\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Higher<span class=\"_ _1\"></span> funding costs. Higher<span class=\"_ _1\"></span> cost on all new<span class=\"_ _1\"></span> savings deposits, both fr<span class=\"_ _1\"></span>ont book and back<span class=\"_ _1\"></span> book thr<span class=\"_ _1\"></span>oughout the <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast horizon. <span class=\"_ _1\"></span>This </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsafd\">scenario illustrates the impact<span class=\"_ _1\"></span> of a significant, pr<span class=\"_ _1\"></span>olonged margin squeez<span class=\"_ _1\"></span>e on profitability<span class=\"_ _0\"></span>, and whether<span class=\"_ _1\"></span> this <span class=\"_ _1\"></span>would cause significant </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsafe\">impacts on any<span class=\"_ _1\"></span> capital, liquidity or<span class=\"_ _1\"></span> encumbrance ratios<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaff\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Increased buy<span class=\"_ _1\"></span>-to-let r<span class=\"_ _1\"></span>edemptions. Higher<span class=\"_ _1\"></span> redemp<span class=\"_ _1\"></span>tion rates f<span class=\"_ _1\"></span>or buy-<span class=\"_ _1\"></span>to-let mortgag<span class=\"_ _1\"></span>es reaching <span class=\"_ _1\"></span>the end of<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> fixed r<span class=\"_ _1\"></span>ate period. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb00\">This illustrates <span class=\"_ _1\"></span>the potential risk inher<span class=\"_ _1\"></span>ent in the <span class=\"_ _1\"></span>five-y<span class=\"_ _1\"></span>ear<span class=\"_ _1\"></span> fixed r<span class=\"_ _1\"></span>ate business<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb01\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Reduced de<span class=\"_ _1\"></span>velopment <span class=\"_ _1\"></span>finance v<span class=\"_ _1\"></span>olumes and yield. <span class=\"_ _1\"></span>This r<span class=\"_ _1\"></span>eplicates a significant incr<span class=\"_ _1\"></span>ease in competition within <span class=\"_ _1\"></span>the sector<span class=\"_ _0\"></span>, reducing </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb02\">yields and impacting market shar<span class=\"_ _0\"></span>e, demonstrating how a low<span class=\"_ _1\"></span>er mix of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s highest margin product impacts on contribution </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb03\">to costs and other<span class=\"_ _1\"></span> profitability<span class=\"_ _1\"></span> ratios<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb04\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Increased economic str<span class=\"_ _1\"></span>ess on customers. <span class=\"_ _0\"></span>As well as modelling the impact of<span class=\"_ _0\"></span> each of the economic scenarios set out<span class=\"_ _1\"></span> in note </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb05\">22 across <span class=\"_ _1\"></span>the for<span class=\"_ _1\"></span>ecast horizon, <span class=\"_ _1\"></span>the sev<span class=\"_ _1\"></span>ere economic scenario <span class=\"_ _1\"></span>was also modelled o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the fiv<span class=\"_ _1\"></span>e-y<span class=\"_ _1\"></span>ear horizon. <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>o ensure this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb06\">repr<span class=\"_ _1\"></span>esented a w<span class=\"_ _1\"></span>orst-case scenario all other<span class=\"_ _1\"></span> assumptions <span class=\"_ _1\"></span>were held st<span class=\"_ _1\"></span>eady<span class=\"_ _1\"></span>, although in reality<span class=\"_ _1\"></span> adjustments t<span class=\"_ _1\"></span>o new business </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb07\">appetite and other<span class=\"_ _1\"></span> factor<span class=\"_ _1\"></span>s would be made<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb08\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Combined downside str<span class=\"_ _1\"></span>ess. T<span class=\"_ _1\"></span>he IFRS 9 downside economic scenario described in note 22 w<span class=\"_ _1\"></span>as modelled out f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the plan horizon </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb09\">along with a plausible set o<span class=\"_ _1\"></span>f other<span class=\"_ _0\"></span> adverse factors <span class=\"_ _1\"></span>to the business model, cr<span class=\"_ _1\"></span>eating a prolong<span class=\"_ _1\"></span>ed tail-risk<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb0a\">The stresses no<span class=\"_ _1\"></span>ted abov<span class=\"_ _1\"></span>e excluded pot<span class=\"_ _1\"></span>ential management actions which <span class=\"_ _1\"></span>would, in a r<span class=\"_ _1\"></span>eal-life situation, be <span class=\"_ _1\"></span>taken <span class=\"_ _1\"></span>to mitigate <span class=\"_ _1\"></span>their </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb0b\">impact. T<span class=\"_ _1\"></span>heir purpose <span class=\"_ _1\"></span>was <span class=\"_ _1\"></span>to demonstrate how<span class=\"_ _1\"></span> such stresses ma<span class=\"_ _1\"></span>y aff<span class=\"_ _1\"></span>ect our <span class=\"_ _1\"></span>financing, capital and liquidity<span class=\"_ _1\"></span> positions, in turn </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb0c\">highlighting areas <span class=\"_ _1\"></span>which might impact the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s going concern status. Under each scenario, <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>was able <span class=\"_ _1\"></span>to both meet its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb0d\">obligations across <span class=\"_ _1\"></span>the f<span class=\"_ _1\"></span>orecast horizon and maintain a surplus o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> its regulat<span class=\"_ _1\"></span>ory r<span class=\"_ _1\"></span>equirements <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> both capital and liquidity <span class=\"_ _1\"></span>through </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb0e\">the application of normal balance shee<span class=\"_ _1\"></span>t management activities.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb0f\">Potential oper<span class=\"_ _1\"></span>ational risks are also assessed as part o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s annual ICAAP pr<span class=\"_ _1\"></span>ocess, f<span class=\"_ _1\"></span>ocusing on the impacts of<span class=\"_ _1\"></span> a series of<span class=\"_ _1\"></span> sev<span class=\"_ _1\"></span>ere </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb10\">but plausible scenarios. T<span class=\"_ _1\"></span>his analysis did not cr<span class=\"_ _1\"></span>eate outputs <span class=\"_ _1\"></span>that cast doubt on <span class=\"_ _1\"></span>the ability of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup t<span class=\"_ _1\"></span>o continue as a going concern.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb11\">The potential impacts of<span class=\"_ _1\"></span> climate change on <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e also re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed. T<span class=\"_ _1\"></span>his exer<span class=\"_ _1\"></span>cise included a re-<span class=\"_ _1\"></span>assessment of <span class=\"_ _1\"></span>work<span class=\"_ _1\"></span> done in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb12\">2024, le<span class=\"_ _1\"></span>veraging <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England Climate Biennial Exploratory<span class=\"_ _1\"></span> Scenario (\u2018CBES\u2019).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb13\">The opening position f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019s <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecasts and for<span class=\"_ _1\"></span> these r<span class=\"_ _0\"></span>eviews includes a str<span class=\"_ _1\"></span>ong capital and liquidity base, supporting <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb14\">management of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> significant outflow<span class=\"_ _1\"></span>s of deposits and / or<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>educed inflows <span class=\"_ _1\"></span>from customer<span class=\"_ _1\"></span> r<span class=\"_ _1\"></span>eceipts. T<span class=\"_ _1\"></span>he for<span class=\"_ _1\"></span>ecasts, ev<span class=\"_ _1\"></span>en under </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb15\">reasonable <span class=\"_ _1\"></span>further le<span class=\"_ _1\"></span>vels of<span class=\"_ _1\"></span> str<span class=\"_ _1\"></span>ess show <span class=\"_ _1\"></span>the Group r<span class=\"_ _1\"></span>etaining sufficient equity<span class=\"_ _0\"></span>, capital, cash and liquidity resour<span class=\"_ _1\"></span>ces t<span class=\"_ _1\"></span>o satisfy its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb16\">regulatory<span class=\"_ _1\"></span> and operational r<span class=\"_ _1\"></span>equirements acr<span class=\"_ _1\"></span>oss the <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecast period.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsb17\">Av<span class=\"_ _1\"></span>ailability o<span class=\"_ _1\"></span>f funding and liquidity<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb18\">The av<span class=\"_ _1\"></span>ailability of<span class=\"_ _1\"></span> funding and liquidity<span class=\"_ _1\"></span> is a k<span class=\"_ _1\"></span>ey<span class=\"_ _1\"></span> consideration, including re<span class=\"_ _1\"></span>tail deposit, wholesale funding<span class=\"_ _1\"></span>, central bank and other<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb19\">contingent liquidity<span class=\"_ _1\"></span> options.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb1a\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s retail deposits o<span class=\"_ _1\"></span>f \u00a316,265.<span class=\"_ _1\"></span>7m (note 31), r<span class=\"_ _1\"></span>aised thr<span class=\"_ _1\"></span>ough Paragon Bank, ar<span class=\"_ _1\"></span>e repa<span class=\"_ _1\"></span>yable <span class=\"_ _1\"></span>within five <span class=\"_ _0\"></span>years, with 90.8% o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb1b\">balance (\u00a314,7<span class=\"_ _1\"></span>65.3m) pay<span class=\"_ _1\"></span>able within <span class=\"_ _1\"></span>twelv<span class=\"_ _1\"></span>e months of <span class=\"_ _1\"></span>the balance sheet date. <span class=\"_ _1\"></span>The liquidity<span class=\"_ _1\"></span> exposure r<span class=\"_ _0\"></span>epresented by<span class=\"_ _1\"></span> these deposits </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb1c\">is closely monitor<span class=\"_ _1\"></span>ed; a pr<span class=\"_ _1\"></span>ocess supervised by <span class=\"_ _1\"></span>the <span class=\"_ _1\"></span>AL<span class=\"_ _1\"></span>CO. <span class=\"_ _0\"></span>The Group is requir<span class=\"_ _1\"></span>ed to hold liquid asse<span class=\"_ _1\"></span>ts in Paragon Bank<span class=\"_ _1\"></span> to mitigate </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb1d\">this liquidity risk. <span class=\"_ _0\"></span>At 30 September 2025, P<span class=\"_ _1\"></span>aragon Bank held \u00a32,<span class=\"_ _1\"></span>736.7m of<span class=\"_ _0\"></span> balance sheet assets for<span class=\"_ _1\"></span> liquidity purposes, in <span class=\"_ _1\"></span>the form </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb1e\">of centr<span class=\"_ _1\"></span>al bank deposits and inv<span class=\"_ _1\"></span>estment securities (note 60<span class=\"_ _1\"></span>). A<span class=\"_ _0\"></span> further \u00a3150<span class=\"_ _1\"></span>.0m of<span class=\"_ _1\"></span> liquidity<span class=\"_ _1\"></span> was pr<span class=\"_ _0\"></span>ovided by <span class=\"_ _1\"></span>the off balance shee<span class=\"_ _1\"></span>t </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gs848\">long / short transaction described in no<span class=\"_ _1\"></span>te 60, bringing <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal to \u00a32,886.<span class=\"_ _1\"></span>7m.<span class=\"_ _393\"> </span></div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb20\">Paragon Bank<span class=\"_ _1\"></span> manages its liquidity<span class=\"_ _1\"></span> in line with the Boar<span class=\"_ _1\"></span>d\u2019<span class=\"_ _0\"></span>s risk appetite and the r<span class=\"_ _1\"></span>equirements o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the PRA, which ar<span class=\"_ _1\"></span>e f<span class=\"_ _1\"></span>ormally </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb21\">documented in the Boar<span class=\"_ _1\"></span>d\u2019<span class=\"_ _0\"></span>s approv<span class=\"_ _1\"></span>ed Individual Liquidity <span class=\"_ _1\"></span>Adequacy<span class=\"_ _0\"></span> Assessment Process (\u2018ILAAP\u2019), updated annually<span class=\"_ _0\"></span>. The Bank </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb22\">maintains a liquidity <span class=\"_ _1\"></span>framew<span class=\"_ _1\"></span>ork that includes a short<span class=\"_ _1\"></span> to medium-t<span class=\"_ _1\"></span>erm cash flow<span class=\"_ _1\"></span> requir<span class=\"_ _1\"></span>ement analysis, a long<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span>-term funding plan and </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb23\">access to <span class=\"_ _1\"></span>the Bank of<span class=\"_ _1\"></span> England\u2019<span class=\"_ _0\"></span>s liquidity insurance facilities, <span class=\"_ _1\"></span>wher<span class=\"_ _1\"></span>e pre-positioned assets <span class=\"_ _1\"></span>would support <span class=\"_ _1\"></span>further dra<span class=\"_ _1\"></span>wings of \u00a34<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>168.3m </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb24\">(2024: \u00a34,445.<span class=\"_ _1\"></span>9m). Holdings of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s own externally r<span class=\"_ _1\"></span>ated mortgage-back<span class=\"_ _1\"></span>ed loan notes can also be used <span class=\"_ _1\"></span>to access the Bank o<span class=\"_ _1\"></span>f </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb25\">England\u2019<span class=\"_ _0\"></span>s liquidity facilities or<span class=\"_ _1\"></span> other<span class=\"_ _1\"></span> funding arrang<span class=\"_ _1\"></span>ements. A<span class=\"_ _1\"></span>t 30 September<span class=\"_ _1\"></span> 2025 the Gr<span class=\"_ _1\"></span>oup had \u00a31,614<span class=\"_ _1\"></span>.2m (2024: \u00a31,797<span class=\"_ _e\"></span>.2m) of such </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb26\">notes av<span class=\"_ _1\"></span>ailable for<span class=\"_ _0\"></span> use, of which \u00a31,353.2m <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e rated <span class=\"_ _1\"></span>AAA (202<span class=\"_ _1\"></span>4: \u00a31,536.2m). <span class=\"_ _1\"></span>The av<span class=\"_ _1\"></span>ailable AAA<span class=\"_ _0\"></span> notes would giv<span class=\"_ _1\"></span>e access to \u00a31,<span class=\"_ _1\"></span>055.5m </div><div class=\"t m1 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb27\">if used <span class=\"_ _1\"></span>to support drawings on Bank<span class=\"_ _1\"></span> of England <span class=\"_ _1\"></span>facilities (2024: \u00a3751.9m<span class=\"_ _1\"></span>).<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb28\">The earliest maturity<span class=\"_ _1\"></span> of an<span class=\"_ _1\"></span>y of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s wholesale debt at <span class=\"_ _1\"></span>the balance sheet date w<span class=\"_ _1\"></span>as the centr<span class=\"_ _1\"></span>al bank debt pay<span class=\"_ _1\"></span>able in October<span class=\"_ _1\"></span> 2025, </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb29\">which w<span class=\"_ _1\"></span>as satisfied on its due date. No other<span class=\"_ _1\"></span> long-term deb<span class=\"_ _1\"></span>t falls due bef<span class=\"_ _1\"></span>ore Mar<span class=\"_ _1\"></span>ch 2027<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb2a\">The Group has r<span class=\"_ _1\"></span>egularly<span class=\"_ _1\"></span> accessed the capital mark<span class=\"_ _1\"></span>ets for<span class=\"_ _0\"></span> warehouse <span class=\"_ _1\"></span>funding and corporate and r<span class=\"_ _1\"></span>etail bonds ov<span class=\"_ _1\"></span>er r<span class=\"_ _1\"></span>ecent y<span class=\"_ _1\"></span>ears and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb2b\">continues to be able <span class=\"_ _1\"></span>to access these mark<span class=\"_ _1\"></span>ets. It also has access <span class=\"_ _1\"></span>to the short-<span class=\"_ _1\"></span>term repo mark<span class=\"_ _1\"></span>et <span class=\"_ _1\"></span>which it accesses fr<span class=\"_ _1\"></span>om time <span class=\"_ _1\"></span>to time <span class=\"_ _1\"></span>for </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb2c\">liquidity purposes.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb2d\">During the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, the Group established a co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ed bond progr<span class=\"_ _1\"></span>amme under <span class=\"_ _1\"></span>which it can issue up to \u00a35,<span class=\"_ _1\"></span>000<span class=\"_ _1\"></span>.0m of<span class=\"_ _1\"></span> bonds, when mark<span class=\"_ _1\"></span>et </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb2e\">conditions are acceptable, <span class=\"_ _1\"></span>with relativ<span class=\"_ _1\"></span>ely short<span class=\"_ _1\"></span> preparation and lead <span class=\"_ _1\"></span>time. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb2f\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s access to deb<span class=\"_ _1\"></span>t is enhanced by<span class=\"_ _1\"></span> its BBB+ corporate rating, confirmed b<span class=\"_ _1\"></span>y Fit<span class=\"_ _1\"></span>ch Ratings in F<span class=\"_ _1\"></span>ebruary<span class=\"_ _1\"></span> 2025, and its Baa3 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb30\">corporate rating issued b<span class=\"_ _1\"></span>y Moody\u2019<span class=\"_ _0\"></span>s Investor<span class=\"_ _0\"></span> Services in November 202<span class=\"_ _1\"></span>4. Its status as an issuer<span class=\"_ _1\"></span> is evidenced by<span class=\"_ _1\"></span> the BBB-, in<span class=\"_ _1\"></span>vestment </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb31\">grade, rating of<span class=\"_ _1\"></span> its \u00a3150.<span class=\"_ _1\"></span>0m <span class=\"_ _1\"></span>Tier<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>2 bonds awar<span class=\"_ _1\"></span>ded by<span class=\"_ _1\"></span> Fitch. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb32\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s cash analysis, <span class=\"_ _1\"></span>which includes the impact of<span class=\"_ _1\"></span> all scheduled debt and deposit r<span class=\"_ _1\"></span>epayments, continues <span class=\"_ _1\"></span>to show<span class=\"_ _1\"></span> a strong </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb33\">position, ev<span class=\"_ _1\"></span>en after allo<span class=\"_ _1\"></span>wing scope for<span class=\"_ _1\"></span> significant discr<span class=\"_ _1\"></span>etionary pa<span class=\"_ _1\"></span>yments and capital distributions. </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb34\">As described in note 57 the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s capital base is subject to consolidated supervision b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the PRA. Its capital at 30 September<span class=\"_ _1\"></span> 2025 </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb35\">was in ex<span class=\"_ _1\"></span>cess of<span class=\"_ _1\"></span> regulatory<span class=\"_ _1\"></span> requir<span class=\"_ _1\"></span>ements and its f<span class=\"_ _1\"></span>orecasts indicate <span class=\"_ _1\"></span>this will continue <span class=\"_ _1\"></span>to be the case, e<span class=\"_ _1\"></span>ven allo<span class=\"_ _1\"></span>wing for<span class=\"_ _1\"></span> currently<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oposed </div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb36\">changes in the UK\u2019<span class=\"_ _0\"></span>s capital requir<span class=\"_ _1\"></span>ements fr<span class=\"_ _1\"></span>amework.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsb37\">Going concern assessment<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gsb38\">In order<span class=\"_ _1\"></span> to assess <span class=\"_ _1\"></span>the appropriat<span class=\"_ _1\"></span>eness of <span class=\"_ _1\"></span>the going concern basis, <span class=\"_ _1\"></span>the directors consider<span class=\"_ _1\"></span>ed the <span class=\"_ _1\"></span>financial position of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gsb39\">Company<span class=\"_ _0\"></span>, the cash flow<span class=\"_ _1\"></span> requir<span class=\"_ _1\"></span>ements laid out in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s forecasts, its access <span class=\"_ _1\"></span>to funding<span class=\"_ _1\"></span>, the assumptions underlying <span class=\"_ _1\"></span>the for<span class=\"_ _1\"></span>ecasts </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gsb3a\">and potential risks affecting <span class=\"_ _1\"></span>them. <span class=\"_ _1\"></span>As part of<span class=\"_ _1\"></span> this ex<span class=\"_ _1\"></span>ercise, <span class=\"_ _1\"></span>the potential impacts on funding<span class=\"_ _1\"></span>, capital and cash of <span class=\"_ _1\"></span>the motor<span class=\"_ _1\"></span> finance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gsb3b\">exposures described in no<span class=\"_ _1\"></span>te 39 w<span class=\"_ _1\"></span>ere consider<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gsb3c\">After<span class=\"_ _1\"></span> performing <span class=\"_ _1\"></span>this assessment, the dir<span class=\"_ _1\"></span>ectors concluded that <span class=\"_ _1\"></span>there <span class=\"_ _1\"></span>was no material uncertainty<span class=\"_ _0\"></span> as to whether<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gsb3d\">Company<span class=\"_ _1\"></span> would be able <span class=\"_ _1\"></span>to maintain adequate capital and liquidity<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> at least <span class=\"_ _1\"></span>twelve months <span class=\"_ _1\"></span>following <span class=\"_ _1\"></span>the date of<span class=\"_ _1\"></span> appro<span class=\"_ _1\"></span>val of<span class=\"_ _0\"></span> these </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gsb3e\">financial statements and consequently <span class=\"_ _1\"></span>that it <span class=\"_ _1\"></span>was appr<span class=\"_ _1\"></span>opriate for<span class=\"_ _1\"></span> them <span class=\"_ _1\"></span>to continue t<span class=\"_ _1\"></span>o adopt the g<span class=\"_ _1\"></span>oing concern basis in preparing <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls8 ws0 gsb3f\">financial statements of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup and the Company<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Acquisitions and goodwill<span class=\"_ _393\"> </span>Goodwill arising fr<span class=\"_ _1\"></span>om the pur<span class=\"_ _1\"></span>chase of subsidiary<span class=\"_ _1\"></span> undertakings, r<span class=\"_ _1\"></span>epresenting <span class=\"_ _1\"></span>the excess of<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of <span class=\"_ _1\"></span>the purchase consideration over<span class=\"_ _0\"></span> the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of acquir<span class=\"_ _1\"></span>ed assets, including intangible assets, is held on <span class=\"_ _1\"></span>the balance sheet and re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed annually <span class=\"_ _1\"></span>to determine whether an<span class=\"_ _1\"></span>y impairment has occurr<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span>As permitted by<span class=\"_ _1\"></span> IFRS 1, the Group has elect<span class=\"_ _1\"></span>ed not to apply<span class=\"_ _0\"></span> I<span class=\"_ _2\"></span>FRS 3 \u2013 \u2018Business Combinations\u2019 t<span class=\"_ _1\"></span>o combinations taking place befor<span class=\"_ _1\"></span>e its transition date t<span class=\"_ _1\"></span>o IFRS (1 October 2004). <span class=\"_ _1\"></span>Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e any<span class=\"_ _1\"></span> goodwill which <span class=\"_ _1\"></span>was <span class=\"_ _1\"></span>written off<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>eserves under<span class=\"_ _1\"></span> UK GAAP<span class=\"_ _1\"></span> will not<span class=\"_ _1\"></span> be charged or cr<span class=\"_ _1\"></span>edited t<span class=\"_ _1\"></span>o the pr<span class=\"_ _1\"></span>ofit and loss account on any<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e disposal of<span class=\"_ _1\"></span> the business <span class=\"_ _1\"></span>to which it r<span class=\"_ _1\"></span>elates.<span class=\"_ _393\"> </span>Contingent consideration arising on acquisitions is <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised in the accounts at its f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the acquisition date and subsequently r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>alued at each accounting date until it <span class=\"_ _1\"></span>falls due for<span class=\"_ _1\"></span> payment, or<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>final amount is otherwise determined.<span class=\"_ _393\"> </span>(m<span class=\"_ _1\"></span>) <span class=\"_ _134\"> </span>Intangible assets Intangible assets comprise purchased comput<span class=\"_ _1\"></span>er softw<span class=\"_ _1\"></span>are and o<span class=\"_ _1\"></span>ther intangible assets acquir<span class=\"_ _1\"></span>ed in business combinations.<span class=\"_ _393\"> </span>Purchased computer<span class=\"_ _1\"></span> softw<span class=\"_ _1\"></span>are is capitalised <span class=\"_ _1\"></span>where it has a sufficiently<span class=\"_ _1\"></span> enduring natur<span class=\"_ _1\"></span>e and is stated at cost less accumulated amortisation. Amortisation is pr<span class=\"_ _1\"></span>ovided in equal instalments o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the expect<span class=\"_ _1\"></span>ed useful life of<span class=\"_ _1\"></span> the so<span class=\"_ _1\"></span>ftware concerned. <span class=\"_ _0\"></span>These lives range between <span class=\"_ _1\"></span>four and se<span class=\"_ _1\"></span>ven <span class=\"_ _1\"></span>years. Other intangible assets acquir<span class=\"_ _1\"></span>ed in business combinations include brands and business netw<span class=\"_ _1\"></span>orks and are capitalised in accor<span class=\"_ _1\"></span>dance with the r<span class=\"_ _1\"></span>equirements of<span class=\"_ _0\"></span> I<span class=\"_ _2\"></span>FRS 3 \u2013 \u2018Business Combinations\u2019<span class=\"_ _e\"></span>. Such assets are stated at attributed cost<span class=\"_ _1\"></span> less accumulated amortisation. Amortisation is pro<span class=\"_ _1\"></span>vided in equal instalments at a rate determined at<span class=\"_ _1\"></span> the point of<span class=\"_ _1\"></span> acquisition.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Acquisitions and goodwill<span class=\"_ _393\"> </span>Goodwill arising fr<span class=\"_ _1\"></span>om the pur<span class=\"_ _1\"></span>chase of subsidiary<span class=\"_ _1\"></span> undertakings, r<span class=\"_ _1\"></span>epresenting <span class=\"_ _1\"></span>the excess of<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of <span class=\"_ _1\"></span>the purchase consideration over<span class=\"_ _0\"></span> the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of acquir<span class=\"_ _1\"></span>ed assets, including intangible assets, is held on <span class=\"_ _1\"></span>the balance sheet and re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed annually <span class=\"_ _1\"></span>to determine whether an<span class=\"_ _1\"></span>y impairment has occurr<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span>As permitted by<span class=\"_ _1\"></span> IFRS 1, the Group has elect<span class=\"_ _1\"></span>ed not to apply<span class=\"_ _0\"></span> I<span class=\"_ _2\"></span>FRS 3 \u2013 \u2018Business Combinations\u2019 t<span class=\"_ _1\"></span>o combinations taking place befor<span class=\"_ _1\"></span>e its transition date t<span class=\"_ _1\"></span>o IFRS (1 October 2004). <span class=\"_ _1\"></span>Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e any<span class=\"_ _1\"></span> goodwill which <span class=\"_ _1\"></span>was <span class=\"_ _1\"></span>written off<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>eserves under<span class=\"_ _1\"></span> UK GAAP<span class=\"_ _1\"></span> will not<span class=\"_ _1\"></span> be charged or cr<span class=\"_ _1\"></span>edited t<span class=\"_ _1\"></span>o the pr<span class=\"_ _1\"></span>ofit and loss account on any<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e disposal of<span class=\"_ _1\"></span> the business <span class=\"_ _1\"></span>to which it r<span class=\"_ _1\"></span>elates.<span class=\"_ _393\"> </span>Contingent consideration arising on acquisitions is <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised in the accounts at its f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the acquisition date and subsequently r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>alued at each accounting date until it <span class=\"_ _1\"></span>falls due for<span class=\"_ _1\"></span> payment, or<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>final amount is otherwise determined.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Acquisitions and goodwill<span class=\"_ _393\"> </span>Goodwill arising fr<span class=\"_ _1\"></span>om the pur<span class=\"_ _1\"></span>chase of subsidiary<span class=\"_ _1\"></span> undertakings, r<span class=\"_ _1\"></span>epresenting <span class=\"_ _1\"></span>the excess of<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of <span class=\"_ _1\"></span>the purchase consideration over<span class=\"_ _0\"></span> the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of acquir<span class=\"_ _1\"></span>ed assets, including intangible assets, is held on <span class=\"_ _1\"></span>the balance sheet and re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed annually <span class=\"_ _1\"></span>to determine whether an<span class=\"_ _1\"></span>y impairment has occurr<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span>As permitted by<span class=\"_ _1\"></span> IFRS 1, the Group has elect<span class=\"_ _1\"></span>ed not to apply<span class=\"_ _0\"></span> I<span class=\"_ _2\"></span>FRS 3 \u2013 \u2018Business Combinations\u2019 t<span class=\"_ _1\"></span>o combinations taking place befor<span class=\"_ _1\"></span>e its transition date t<span class=\"_ _1\"></span>o IFRS (1 October 2004). <span class=\"_ _1\"></span>Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e any<span class=\"_ _1\"></span> goodwill which <span class=\"_ _1\"></span>was <span class=\"_ _1\"></span>written off<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>eserves under<span class=\"_ _1\"></span> UK GAAP<span class=\"_ _1\"></span> will not<span class=\"_ _1\"></span> be charged or cr<span class=\"_ _1\"></span>edited t<span class=\"_ _1\"></span>o the pr<span class=\"_ _1\"></span>ofit and loss account on any<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e disposal of<span class=\"_ _1\"></span> the business <span class=\"_ _1\"></span>to which it r<span class=\"_ _1\"></span>elates.<span class=\"_ _393\"> </span>Contingent consideration arising on acquisitions is <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised in the accounts at its f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the acquisition date and subsequently r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>alued at each accounting date until it <span class=\"_ _1\"></span>falls due for<span class=\"_ _1\"></span> payment, or<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>final amount is otherwise determined.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-445": {
   "value": "(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Acquisitions and goodwill<span class=\"_ _393\"> </span>Goodwill arising fr<span class=\"_ _1\"></span>om the pur<span class=\"_ _1\"></span>chase of subsidiary<span class=\"_ _1\"></span> undertakings, r<span class=\"_ _1\"></span>epresenting <span class=\"_ _1\"></span>the excess of<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of <span class=\"_ _1\"></span>the purchase consideration over<span class=\"_ _0\"></span> the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of acquir<span class=\"_ _1\"></span>ed assets, including intangible assets, is held on <span class=\"_ _1\"></span>the balance sheet and re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed annually <span class=\"_ _1\"></span>to determine whether an<span class=\"_ _1\"></span>y impairment has occurr<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span>As permitted by<span class=\"_ _1\"></span> IFRS 1, the Group has elect<span class=\"_ _1\"></span>ed not to apply<span class=\"_ _0\"></span> I<span class=\"_ _2\"></span>FRS 3 \u2013 \u2018Business Combinations\u2019 t<span class=\"_ _1\"></span>o combinations taking place befor<span class=\"_ _1\"></span>e its transition date t<span class=\"_ _1\"></span>o IFRS (1 October 2004). <span class=\"_ _1\"></span>Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e any<span class=\"_ _1\"></span> goodwill which <span class=\"_ _1\"></span>was <span class=\"_ _1\"></span>written off<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>eserves under<span class=\"_ _1\"></span> UK GAAP<span class=\"_ _1\"></span> will not<span class=\"_ _1\"></span> be charged or cr<span class=\"_ _1\"></span>edited t<span class=\"_ _1\"></span>o the pr<span class=\"_ _1\"></span>ofit and loss account on any<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e disposal of<span class=\"_ _1\"></span> the business <span class=\"_ _1\"></span>to which it r<span class=\"_ _1\"></span>elates.<span class=\"_ _393\"> </span>Contingent consideration arising on acquisitions is <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised in the accounts at its f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the acquisition date and subsequently r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>alued at each accounting date until it <span class=\"_ _1\"></span>falls due for<span class=\"_ _1\"></span> payment, or<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>final amount is otherwise determined.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-384": {
   "value": "(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Acquisitions and goodwill<span class=\"_ _393\"> </span>Goodwill arising fr<span class=\"_ _1\"></span>om the pur<span class=\"_ _1\"></span>chase of subsidiary<span class=\"_ _1\"></span> undertakings, r<span class=\"_ _1\"></span>epresenting <span class=\"_ _1\"></span>the excess of<span class=\"_ _0\"></span> the fair <span class=\"_ _0\"></span>value of <span class=\"_ _1\"></span>the purchase consideration over<span class=\"_ _0\"></span> the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of acquir<span class=\"_ _1\"></span>ed assets, including intangible assets, is held on <span class=\"_ _1\"></span>the balance sheet and re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed annually <span class=\"_ _1\"></span>to determine whether an<span class=\"_ _1\"></span>y impairment has occurr<span class=\"_ _1\"></span>ed.<span class=\"_ _393\"> </span>As permitted by<span class=\"_ _1\"></span> IFRS 1, the Group has elect<span class=\"_ _1\"></span>ed not to apply<span class=\"_ _0\"></span> I<span class=\"_ _2\"></span>FRS 3 \u2013 \u2018Business Combinations\u2019 t<span class=\"_ _1\"></span>o combinations taking place befor<span class=\"_ _1\"></span>e its transition date t<span class=\"_ _1\"></span>o IFRS (1 October 2004). <span class=\"_ _1\"></span>Ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e any<span class=\"_ _1\"></span> goodwill which <span class=\"_ _1\"></span>was <span class=\"_ _1\"></span>written off<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>eserves under<span class=\"_ _1\"></span> UK GAAP<span class=\"_ _1\"></span> will not<span class=\"_ _1\"></span> be charged or cr<span class=\"_ _1\"></span>edited t<span class=\"_ _1\"></span>o the pr<span class=\"_ _1\"></span>ofit and loss account on any<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e disposal of<span class=\"_ _1\"></span> the business <span class=\"_ _1\"></span>to which it r<span class=\"_ _1\"></span>elates.<span class=\"_ _393\"> </span>Contingent consideration arising on acquisitions is <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised in the accounts at its f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the acquisition date and subsequently r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>alued at each accounting date until it <span class=\"_ _1\"></span>falls due for<span class=\"_ _1\"></span> payment, or<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>final amount is otherwise determined.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "Contingent consideration arising on acquisitions is <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised in the accounts at its f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the acquisition date and subsequently r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>alued at each accounting date until it <span class=\"_ _1\"></span>falls due for<span class=\"_ _1\"></span> payment, or<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>final amount is otherwise determined.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-385": {
   "value": "(e<span class=\"_ _0\"></span>)  <span class=\"_ _dd\"> </span>Cash <span class=\"_ _33\"></span>balances Balances shown as cash balances in the balance shee<span class=\"_ _1\"></span>t comprise demand deposits and short-term deposits <span class=\"_ _1\"></span>with banks with initial maturities of no<span class=\"_ _1\"></span>t more <span class=\"_ _1\"></span>than 90 days.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "(f) <span class=\"_ _33\"></span> <span class=\"_ _b2\"> </span>Investment in securities The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investments in securities ar<span class=\"_ _1\"></span>e held as part of<span class=\"_ _1\"></span> its liquidity buff<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>. They<span class=\"_ _0\"></span> are there<span class=\"_ _1\"></span>fore classified as \u2018held <span class=\"_ _1\"></span>to collect\u2019 f<span class=\"_ _1\"></span>ollowing an example set out in IFRS 9<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>hese securities are carried at amortised cost, <span class=\"_ _1\"></span>with income recognised on an eff<span class=\"_ _1\"></span>ective inter<span class=\"_ _1\"></span>est rate (\u2018EIR\u2019) basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHeldtomaturityInvestmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-446": {
   "value": "(f) <span class=\"_ _33\"></span> <span class=\"_ _b2\"> </span>Investment in securities The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investments in securities ar<span class=\"_ _1\"></span>e held as part of<span class=\"_ _1\"></span> its liquidity buff<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>. They<span class=\"_ _0\"></span> are there<span class=\"_ _1\"></span>fore classified as \u2018held <span class=\"_ _1\"></span>to collect\u2019 f<span class=\"_ _1\"></span>ollowing an example set out in IFRS 9<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>hese securities are carried at amortised cost, <span class=\"_ _1\"></span>with income recognised on an eff<span class=\"_ _1\"></span>ective inter<span class=\"_ _1\"></span>est rate (\u2018EIR\u2019) basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-386": {
   "value": "(f) <span class=\"_ _33\"></span> <span class=\"_ _b2\"> </span>Investment in securities The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investments in securities ar<span class=\"_ _1\"></span>e held as part of<span class=\"_ _1\"></span> its liquidity buff<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>. They<span class=\"_ _0\"></span> are there<span class=\"_ _1\"></span>fore classified as \u2018held <span class=\"_ _1\"></span>to collect\u2019 f<span class=\"_ _1\"></span>ollowing an example set out in IFRS 9<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>hese securities are carried at amortised cost, <span class=\"_ _1\"></span>with income recognised on an eff<span class=\"_ _1\"></span>ective inter<span class=\"_ _1\"></span>est rate (\u2018EIR\u2019) basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "paragonbankingplc:DescriptionOfAccountingPolicyForInvestmentInSecurities",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-387": {
   "value": "(g)  <span class=\"_ _379\"> </span>Leases F<span class=\"_ _0\"></span>or leases wher<span class=\"_ _1\"></span>e the Gr<span class=\"_ _1\"></span>oup is the lessee a right of<span class=\"_ _0\"></span> use asset is recognised in property<span class=\"_ _0\"></span>, plant and equipment on the inception of<span class=\"_ _0\"></span> the lease based on the discounted <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the minimum lease payments at inception. <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span> lease liability o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the same amount is recognised at inception, with <span class=\"_ _1\"></span>the unwinding of<span class=\"_ _1\"></span> the discount included in int<span class=\"_ _1\"></span>erest pa<span class=\"_ _1\"></span>yable.<span class=\"_ _393\"> </span>Leases <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the Group is lessor<span class=\"_ _1\"></span> are account<span class=\"_ _1\"></span>ed for<span class=\"_ _1\"></span> as operating or<span class=\"_ _1\"></span> finance leases in accor<span class=\"_ _1\"></span>dance with IFRS 16 \u2013 \u2018Leases<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>. A<span class=\"_ _1\"></span> finance lease is one which <span class=\"_ _1\"></span>transfers substantially<span class=\"_ _1\"></span> all the risks and r<span class=\"_ _1\"></span>ew<span class=\"_ _1\"></span>ards o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the ownership of<span class=\"_ _1\"></span> the asset<span class=\"_ _1\"></span> concerned. An<span class=\"_ _1\"></span>y other<span class=\"_ _0\"></span> lease is an operating lease.<span class=\"_ _393\"> </span>Finance lease receiv<span class=\"_ _1\"></span>ables are accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> as loans to customer<span class=\"_ _1\"></span>s, with impairment pr<span class=\"_ _1\"></span>ovisions determined in accor<span class=\"_ _1\"></span>dance with IFRS 9<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>Rental income and costs on operating leases ar<span class=\"_ _1\"></span>e charged or<span class=\"_ _1\"></span> cr<span class=\"_ _1\"></span>edited to <span class=\"_ _1\"></span>the profit<span class=\"_ _1\"></span> and loss account on a straight-line basis o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the lease term. <span class=\"_ _1\"></span>The associated assets ar<span class=\"_ _1\"></span>e included within pr<span class=\"_ _0\"></span>operty, plant and equipment. <span class=\"_ _1\"></span>This policy<span class=\"_ _0\"></span> applies both to assets leased to external customers and <span class=\"_ _1\"></span>to v<span class=\"_ _1\"></span>ehicles leased to emplo<span class=\"_ _1\"></span>yees under<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s green car scheme.<span class=\"_ _393\"> </span>(i)   <span class=\"_ _b4\"> </span>Finance lease receivables<span class=\"_ _393\"> </span>Finance lease receiv<span class=\"_ _1\"></span>ables are included <span class=\"_ _1\"></span>within \u2018Loans <span class=\"_ _1\"></span>to Customers<span class=\"_ _1\"></span>\u2019 at the <span class=\"_ _1\"></span>total amount r<span class=\"_ _1\"></span>eceivable less inter<span class=\"_ _1\"></span>est not <span class=\"_ _1\"></span>yet<span class=\"_ _1\"></span> accrued, unamortised commissions and pro<span class=\"_ _1\"></span>vision for<span class=\"_ _1\"></span> impairment.<span class=\"_ _393\"> </span>Income fr<span class=\"_ _1\"></span>om finance lease contracts is go<span class=\"_ _1\"></span>verned b<span class=\"_ _1\"></span>y IFRS 16 \u2013 \u2018Leases<span class=\"_ _1\"></span>\u2019 and accounted f<span class=\"_ _1\"></span>or on <span class=\"_ _1\"></span>the actuarial basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "(h)  <span class=\"_ _37a\"> </span>Loans <span class=\"_ _33\"></span>to  customers Loans <span class=\"_ _1\"></span>to customers includes assets accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> as financial assets and <span class=\"_ _1\"></span>finance leases. The Gr<span class=\"_ _1\"></span>oup assesses the classification and measurement o<span class=\"_ _1\"></span>f a <span class=\"_ _1\"></span>financial asset based on the contractual cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span> characteristics of<span class=\"_ _1\"></span> the asset<span class=\"_ _1\"></span> and its business model for<span class=\"_ _1\"></span> managing the asset. T<span class=\"_ _1\"></span>he Group has concluded <span class=\"_ _1\"></span>that its business model f<span class=\"_ _1\"></span>or its customer<span class=\"_ _1\"></span> loan assets is of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>type defined as \u2018Held to collect\u2019 b<span class=\"_ _1\"></span>y IFRS 9 and the contractual t<span class=\"_ _1\"></span>erms of <span class=\"_ _1\"></span>the asset should give rise <span class=\"_ _1\"></span>to cash flo<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>that are solely<span class=\"_ _1\"></span> payments of<span class=\"_ _1\"></span> principal and inter<span class=\"_ _1\"></span>est (\u2018SPPI\u2019). Such loans are <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> on the amortised cost basis.<span class=\"_ _393\"> </span>Loans adv<span class=\"_ _1\"></span>anced are <span class=\"_ _1\"></span>valued at incep<span class=\"_ _1\"></span>tion at the initial adv<span class=\"_ _1\"></span>ance amount, which is <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue at that<span class=\"_ _1\"></span> time, inclusive o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ocuration fees paid t<span class=\"_ _1\"></span>o brok<span class=\"_ _1\"></span>ers or o<span class=\"_ _1\"></span>ther business pr<span class=\"_ _1\"></span>oviders and less initial <span class=\"_ _1\"></span>fees paid by<span class=\"_ _1\"></span> the cust<span class=\"_ _1\"></span>omer<span class=\"_ _0\"></span>. Loans acquired fr<span class=\"_ _1\"></span>om thir<span class=\"_ _1\"></span>d parties are initially <span class=\"_ _1\"></span>valued at <span class=\"_ _1\"></span>the purchase consider<span class=\"_ _1\"></span>ation paid or pa<span class=\"_ _1\"></span>yable. <span class=\"_ _1\"></span>Thereaft<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, all loans to customers are <span class=\"_ _1\"></span>valued at<span class=\"_ _1\"></span> this initial amount less the cumulativ<span class=\"_ _1\"></span>e amortisation calculated using the EIR method. <span class=\"_ _1\"></span>The loan balances are <span class=\"_ _1\"></span>then reduced <span class=\"_ _1\"></span>where necessary<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> an impairment pro<span class=\"_ _1\"></span>vision.<span class=\"_ _393\"> </span>The EIR method spreads <span class=\"_ _1\"></span>the expected net income arising <span class=\"_ _1\"></span>from a loan o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> its expected life. <span class=\"_ _1\"></span>The EIR is that r<span class=\"_ _1\"></span>ate of int<span class=\"_ _1\"></span>erest <span class=\"_ _1\"></span>which, at inception, exactly<span class=\"_ _1\"></span> discounts the futur<span class=\"_ _1\"></span>e cash payments and r<span class=\"_ _1\"></span>eceipts arising fr<span class=\"_ _1\"></span>om the loan <span class=\"_ _1\"></span>to the initial carrying amount. Where <span class=\"_ _1\"></span>financial assets are cr<span class=\"_ _1\"></span>edit-impair<span class=\"_ _1\"></span>ed at initial recognition <span class=\"_ _1\"></span>the EIR is calculated on the basis of<span class=\"_ _1\"></span> expected futur<span class=\"_ _1\"></span>e cash receip<span class=\"_ _1\"></span>ts allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the effect o<span class=\"_ _1\"></span>f cr<span class=\"_ _1\"></span>edit risk. In other<span class=\"_ _1\"></span> cases, the expected contr<span class=\"_ _1\"></span>actual cash flow<span class=\"_ _1\"></span>s are used.<span class=\"_ _393\"> </span>(i)   <span class=\"_ _b4\"> </span>Finance lease receivables<span class=\"_ _393\"> </span>Finance lease receiv<span class=\"_ _1\"></span>ables are included <span class=\"_ _1\"></span>within \u2018Loans <span class=\"_ _1\"></span>to Customers<span class=\"_ _1\"></span>\u2019 at the <span class=\"_ _1\"></span>total amount r<span class=\"_ _1\"></span>eceivable less inter<span class=\"_ _1\"></span>est not <span class=\"_ _1\"></span>yet<span class=\"_ _1\"></span> accrued, unamortised commissions and pro<span class=\"_ _1\"></span>vision for<span class=\"_ _1\"></span> impairment.<span class=\"_ _393\"> </span>Income fr<span class=\"_ _1\"></span>om finance lease contracts is go<span class=\"_ _1\"></span>verned b<span class=\"_ _1\"></span>y IFRS 16 \u2013 \u2018Leases<span class=\"_ _1\"></span>\u2019 and accounted f<span class=\"_ _1\"></span>or on <span class=\"_ _1\"></span>the actuarial basis.<span class=\"_ _393\"> </span>(r<span class=\"_ _1\"></span>)  <span class=\"_ _39\"> </span>Borrowings Borro<span class=\"_ _1\"></span>wings from e<span class=\"_ _1\"></span>xternal thir<span class=\"_ _1\"></span>d parties are carried in <span class=\"_ _1\"></span>the balance sheet on the amortised cost<span class=\"_ _1\"></span> basis. T<span class=\"_ _1\"></span>he initial v<span class=\"_ _1\"></span>alue recognised includes the principal amount r<span class=\"_ _1\"></span>eceived less any<span class=\"_ _0\"></span> discount on issue or costs of issuance.<span class=\"_ _393\"> </span>Interest and all o<span class=\"_ _1\"></span>ther costs o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the funding ar<span class=\"_ _1\"></span>e expensed to <span class=\"_ _1\"></span>the statement of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fit or loss as inter<span class=\"_ _0\"></span>est payable ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the term of<span class=\"_ _1\"></span> the borro<span class=\"_ _1\"></span>wing on an EIR basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "(h)  <span class=\"_ _37a\"> </span>Loans <span class=\"_ _33\"></span>to  customers Loans <span class=\"_ _1\"></span>to customers includes assets accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> as financial assets and <span class=\"_ _1\"></span>finance leases. The Gr<span class=\"_ _1\"></span>oup assesses the classification and measurement o<span class=\"_ _1\"></span>f a <span class=\"_ _1\"></span>financial asset based on the contractual cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span> characteristics of<span class=\"_ _1\"></span> the asset<span class=\"_ _1\"></span> and its business model for<span class=\"_ _1\"></span> managing the asset. T<span class=\"_ _1\"></span>he Group has concluded <span class=\"_ _1\"></span>that its business model f<span class=\"_ _1\"></span>or its customer<span class=\"_ _1\"></span> loan assets is of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>type defined as \u2018Held to collect\u2019 b<span class=\"_ _1\"></span>y IFRS 9 and the contractual t<span class=\"_ _1\"></span>erms of <span class=\"_ _1\"></span>the asset should give rise <span class=\"_ _1\"></span>to cash flo<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>that are solely<span class=\"_ _1\"></span> payments of<span class=\"_ _1\"></span> principal and inter<span class=\"_ _1\"></span>est (\u2018SPPI\u2019). Such loans are <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> on the amortised cost basis.<span class=\"_ _393\"> </span>Loans adv<span class=\"_ _1\"></span>anced are <span class=\"_ _1\"></span>valued at incep<span class=\"_ _1\"></span>tion at the initial adv<span class=\"_ _1\"></span>ance amount, which is <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue at that<span class=\"_ _1\"></span> time, inclusive o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ocuration fees paid t<span class=\"_ _1\"></span>o brok<span class=\"_ _1\"></span>ers or o<span class=\"_ _1\"></span>ther business pr<span class=\"_ _1\"></span>oviders and less initial <span class=\"_ _1\"></span>fees paid by<span class=\"_ _1\"></span> the cust<span class=\"_ _1\"></span>omer<span class=\"_ _0\"></span>. Loans acquired fr<span class=\"_ _1\"></span>om thir<span class=\"_ _1\"></span>d parties are initially <span class=\"_ _1\"></span>valued at <span class=\"_ _1\"></span>the purchase consider<span class=\"_ _1\"></span>ation paid or pa<span class=\"_ _1\"></span>yable. <span class=\"_ _1\"></span>Thereaft<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, all loans to customers are <span class=\"_ _1\"></span>valued at<span class=\"_ _1\"></span> this initial amount less the cumulativ<span class=\"_ _1\"></span>e amortisation calculated using the EIR method. <span class=\"_ _1\"></span>The loan balances are <span class=\"_ _1\"></span>then reduced <span class=\"_ _1\"></span>where necessary<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> an impairment pro<span class=\"_ _1\"></span>vision.<span class=\"_ _393\"> </span>The EIR method spreads <span class=\"_ _1\"></span>the expected net income arising <span class=\"_ _1\"></span>from a loan o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> its expected life. <span class=\"_ _1\"></span>The EIR is that r<span class=\"_ _1\"></span>ate of int<span class=\"_ _1\"></span>erest <span class=\"_ _1\"></span>which, at inception, exactly<span class=\"_ _1\"></span> discounts the futur<span class=\"_ _1\"></span>e cash payments and r<span class=\"_ _1\"></span>eceipts arising fr<span class=\"_ _1\"></span>om the loan <span class=\"_ _1\"></span>to the initial carrying amount. Where <span class=\"_ _1\"></span>financial assets are cr<span class=\"_ _1\"></span>edit-impair<span class=\"_ _1\"></span>ed at initial recognition <span class=\"_ _1\"></span>the EIR is calculated on the basis of<span class=\"_ _1\"></span> expected futur<span class=\"_ _1\"></span>e cash receip<span class=\"_ _1\"></span>ts allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the effect o<span class=\"_ _1\"></span>f cr<span class=\"_ _1\"></span>edit risk. In other<span class=\"_ _1\"></span> cases, the expected contr<span class=\"_ _1\"></span>actual cash flow<span class=\"_ _1\"></span>s are used.<span class=\"_ _393\"> </span>(i)   <span class=\"_ _b4\"> </span>Finance lease receivables<span class=\"_ _393\"> </span>Finance lease receiv<span class=\"_ _1\"></span>ables are included <span class=\"_ _1\"></span>within \u2018Loans <span class=\"_ _1\"></span>to Customers<span class=\"_ _1\"></span>\u2019 at the <span class=\"_ _1\"></span>total amount r<span class=\"_ _1\"></span>eceivable less inter<span class=\"_ _1\"></span>est not <span class=\"_ _1\"></span>yet<span class=\"_ _1\"></span> accrued, unamortised commissions and pro<span class=\"_ _1\"></span>vision for<span class=\"_ _1\"></span> impairment.<span class=\"_ _393\"> </span>Income fr<span class=\"_ _1\"></span>om finance lease contracts is go<span class=\"_ _1\"></span>verned b<span class=\"_ _1\"></span>y IFRS 16 \u2013 \u2018Leases<span class=\"_ _1\"></span>\u2019 and accounted f<span class=\"_ _1\"></span>or on <span class=\"_ _1\"></span>the actuarial basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-388": {
   "value": "(h)  <span class=\"_ _37a\"> </span>Loans <span class=\"_ _33\"></span>to  customers Loans <span class=\"_ _1\"></span>to customers includes assets accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> as financial assets and <span class=\"_ _1\"></span>finance leases. The Gr<span class=\"_ _1\"></span>oup assesses the classification and measurement o<span class=\"_ _1\"></span>f a <span class=\"_ _1\"></span>financial asset based on the contractual cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span> characteristics of<span class=\"_ _1\"></span> the asset<span class=\"_ _1\"></span> and its business model for<span class=\"_ _1\"></span> managing the asset. T<span class=\"_ _1\"></span>he Group has concluded <span class=\"_ _1\"></span>that its business model f<span class=\"_ _1\"></span>or its customer<span class=\"_ _1\"></span> loan assets is of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>type defined as \u2018Held to collect\u2019 b<span class=\"_ _1\"></span>y IFRS 9 and the contractual t<span class=\"_ _1\"></span>erms of <span class=\"_ _1\"></span>the asset should give rise <span class=\"_ _1\"></span>to cash flo<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>that are solely<span class=\"_ _1\"></span> payments of<span class=\"_ _1\"></span> principal and inter<span class=\"_ _1\"></span>est (\u2018SPPI\u2019). Such loans are <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> on the amortised cost basis.<span class=\"_ _393\"> </span>Loans adv<span class=\"_ _1\"></span>anced are <span class=\"_ _1\"></span>valued at incep<span class=\"_ _1\"></span>tion at the initial adv<span class=\"_ _1\"></span>ance amount, which is <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue at that<span class=\"_ _1\"></span> time, inclusive o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>ocuration fees paid t<span class=\"_ _1\"></span>o brok<span class=\"_ _1\"></span>ers or o<span class=\"_ _1\"></span>ther business pr<span class=\"_ _1\"></span>oviders and less initial <span class=\"_ _1\"></span>fees paid by<span class=\"_ _1\"></span> the cust<span class=\"_ _1\"></span>omer<span class=\"_ _0\"></span>. Loans acquired fr<span class=\"_ _1\"></span>om thir<span class=\"_ _1\"></span>d parties are initially <span class=\"_ _1\"></span>valued at <span class=\"_ _1\"></span>the purchase consider<span class=\"_ _1\"></span>ation paid or pa<span class=\"_ _1\"></span>yable. <span class=\"_ _1\"></span>Thereaft<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, all loans to customers are <span class=\"_ _1\"></span>valued at<span class=\"_ _1\"></span> this initial amount less the cumulativ<span class=\"_ _1\"></span>e amortisation calculated using the EIR method. <span class=\"_ _1\"></span>The loan balances are <span class=\"_ _1\"></span>then reduced <span class=\"_ _1\"></span>where necessary<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> an impairment pro<span class=\"_ _1\"></span>vision.<span class=\"_ _393\"> </span>The EIR method spreads <span class=\"_ _1\"></span>the expected net income arising <span class=\"_ _1\"></span>from a loan o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> its expected life. <span class=\"_ _1\"></span>The EIR is that r<span class=\"_ _1\"></span>ate of int<span class=\"_ _1\"></span>erest <span class=\"_ _1\"></span>which, at inception, exactly<span class=\"_ _1\"></span> discounts the futur<span class=\"_ _1\"></span>e cash payments and r<span class=\"_ _1\"></span>eceipts arising fr<span class=\"_ _1\"></span>om the loan <span class=\"_ _1\"></span>to the initial carrying amount. Where <span class=\"_ _1\"></span>financial assets are cr<span class=\"_ _1\"></span>edit-impair<span class=\"_ _1\"></span>ed at initial recognition <span class=\"_ _1\"></span>the EIR is calculated on the basis of<span class=\"_ _1\"></span> expected futur<span class=\"_ _1\"></span>e cash receip<span class=\"_ _1\"></span>ts allowing f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the effect o<span class=\"_ _1\"></span>f cr<span class=\"_ _1\"></span>edit risk. In other<span class=\"_ _1\"></span> cases, the expected contr<span class=\"_ _1\"></span>actual cash flow<span class=\"_ _1\"></span>s are used.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-389": {
   "value": "(<span class=\"_ _2\"></span>j) <span class=\"_ _2de\"> </span> <span class=\"_ _b2\"> </span>Impairment of loans to cust<span class=\"_ _1\"></span>omers<span class=\"_ _393\"> </span>The carrying v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> all loans to customer<span class=\"_ _1\"></span>s, whether<span class=\"_ _1\"></span> accounted f<span class=\"_ _1\"></span>or under<span class=\"_ _1\"></span> IFRS 9 or IFRS 16, are r<span class=\"_ _1\"></span>educed by<span class=\"_ _1\"></span> an impairment pr<span class=\"_ _1\"></span>ovision based on their<span class=\"_ _1\"></span> ECL, det<span class=\"_ _1\"></span>ermined in accordance <span class=\"_ _1\"></span>with IFRS 9. <span class=\"_ _1\"></span>These estimates ar<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>viewed <span class=\"_ _1\"></span>throughout<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> and at each balance sheet date. With the ex<span class=\"_ _1\"></span>ception of<span class=\"_ _1\"></span> POCI financial assets (<span class=\"_ _1\"></span>which are discussed separ<span class=\"_ _1\"></span>ately belo<span class=\"_ _1\"></span>w), all assets ar<span class=\"_ _1\"></span>e assessed t<span class=\"_ _1\"></span>o determine whether<span class=\"_ _0\"></span> there has been a significant incr<span class=\"_ _1\"></span>ease in credit<span class=\"_ _1\"></span> risk (\u2018SICR\u2019) since the point o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>first recognition (<span class=\"_ _0\"></span>origination or acquisition). <span class=\"_ _1\"></span>Assets ar<span class=\"_ _1\"></span>e also re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed to identify<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> which ar<span class=\"_ _1\"></span>e \u2018Credit Impair<span class=\"_ _1\"></span>ed\u2019<span class=\"_ _e\"></span>. SICR and credit impairment ar<span class=\"_ _1\"></span>e identified on the basis of<span class=\"_ _1\"></span> pre-de<span class=\"_ _1\"></span>termined metrics including qualitative and quantitative <span class=\"_ _1\"></span>factors r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant to each portf<span class=\"_ _1\"></span>olio, with a manag<span class=\"_ _1\"></span>ement re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> to ensur<span class=\"_ _1\"></span>e appr<span class=\"_ _1\"></span>opriate allocation. Assets which ha<span class=\"_ _1\"></span>ve not experienced an SICR ar<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as \u2018Stag<span class=\"_ _1\"></span>e 1\u2019 accounts, assets which hav<span class=\"_ _1\"></span>e experienced an SICR but ar<span class=\"_ _1\"></span>e not credit impair<span class=\"_ _1\"></span>ed are r<span class=\"_ _0\"></span>eferred to as \u2018S<span class=\"_ _1\"></span>tage 2\u2019 accounts, while cr<span class=\"_ _1\"></span>edit impair<span class=\"_ _1\"></span>ed assets are r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as \u2018S<span class=\"_ _1\"></span>tage 3\u2019 accounts.<span class=\"_ _393\"> </span>An impairment allow<span class=\"_ _1\"></span>ance is pro<span class=\"_ _1\"></span>vided on an account-by-account<span class=\"_ _1\"></span> basis: \u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _0\"></span>or Stage 1, at an amount<span class=\"_ _1\"></span> equal to 12<span class=\"_ _1\"></span>-month ECL, <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal ECL<span class=\"_ _1\"></span> that r<span class=\"_ _1\"></span>esults fr<span class=\"_ _1\"></span>om those def<span class=\"_ _1\"></span>ault ev<span class=\"_ _1\"></span>ents that ar<span class=\"_ _1\"></span>e possible within 12 months of <span class=\"_ _1\"></span>the reporting dat<span class=\"_ _1\"></span>e, weight<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>obability of<span class=\"_ _1\"></span> those e<span class=\"_ _1\"></span>vents occurring<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _0\"></span>or Stage 2 and 3 accounts, at an amount<span class=\"_ _1\"></span> equal to life<span class=\"_ _1\"></span>time ECL, <span class=\"_ _1\"></span>the total E<span class=\"_ _1\"></span>CL<span class=\"_ _1\"></span> that r<span class=\"_ _1\"></span>esults fr<span class=\"_ _1\"></span>om any <span class=\"_ _1\"></span>future de<span class=\"_ _1\"></span>fault ev<span class=\"_ _1\"></span>ents, w<span class=\"_ _1\"></span>eighted by<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>obability of<span class=\"_ _0\"></span> those events occurring<span class=\"_ _393\"> </span>In establishing an ECL<span class=\"_ _1\"></span> allow<span class=\"_ _1\"></span>ance, the Gr<span class=\"_ _1\"></span>oup assesses its PD, L<span class=\"_ _0\"></span>GD and exposure at default<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> each reporting period, discount<span class=\"_ _1\"></span>ed to give a net pr<span class=\"_ _0\"></span>esent value. <span class=\"_ _1\"></span>The estimates used in <span class=\"_ _1\"></span>these assessments must be unbiased and tak<span class=\"_ _1\"></span>e into account reasonable and supportable information including f<span class=\"_ _1\"></span>orwar<span class=\"_ _1\"></span>d-looking economic inputs. While the Gr<span class=\"_ _1\"></span>oup uses statistical models as the basis <span class=\"_ _1\"></span>for its calculation o<span class=\"_ _1\"></span>f E<span class=\"_ _1\"></span>CLs wher<span class=\"_ _1\"></span>e appropriat<span class=\"_ _1\"></span>e, expert judgement <span class=\"_ _1\"></span>will alway<span class=\"_ _1\"></span>s be used to assess <span class=\"_ _1\"></span>the adequacy<span class=\"_ _1\"></span> of an<span class=\"_ _1\"></span>y calculated amount<span class=\"_ _1\"></span> and additional provision made if<span class=\"_ _0\"></span> required.<span class=\"_ _393\"> </span>Within its buy-to-le<span class=\"_ _1\"></span>t portfolio the Gr<span class=\"_ _1\"></span>oup utilises a r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of r<span class=\"_ _1\"></span>ent pr<span class=\"_ _1\"></span>ocess, wher<span class=\"_ _1\"></span>eby<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> stands between <span class=\"_ _1\"></span>the landlord and tenant and will de<span class=\"_ _1\"></span>termine an appropriate str<span class=\"_ _1\"></span>ategy <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> dealing with any<span class=\"_ _1\"></span> delinquency<span class=\"_ _0\"></span>. This strat<span class=\"_ _1\"></span>egy may<span class=\"_ _0\"></span> involve the immediat<span class=\"_ _1\"></span>e sale of an<span class=\"_ _1\"></span>y underlying security<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> the short or<span class=\"_ _1\"></span> long term letting o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> to co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> arrear<span class=\"_ _1\"></span>s and principal shortfalls. Such cases are automatically consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o have an SICR, but <span class=\"_ _1\"></span>where a le<span class=\"_ _1\"></span>tting strategy is adop<span class=\"_ _1\"></span>ted by<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> and a tenant<span class=\"_ _1\"></span> is in place, arrears may<span class=\"_ _0\"></span> be reduced or<span class=\"_ _1\"></span> cleared. Pr<span class=\"_ _1\"></span>operties in r<span class=\"_ _1\"></span>eceivership ar<span class=\"_ _1\"></span>e ev<span class=\"_ _1\"></span>entually either<span class=\"_ _1\"></span> returned <span class=\"_ _1\"></span>to their<span class=\"_ _0\"></span> landlord owners or<span class=\"_ _1\"></span> sold.<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or loan portfolios acquired at<span class=\"_ _1\"></span> a discount, the discounts <span class=\"_ _1\"></span>take account of<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e expected impairments, and cr<span class=\"_ _1\"></span>edit impair<span class=\"_ _1\"></span>ed assets in those portfolios ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>eated as POCI. F<span class=\"_ _0\"></span>or these assets, <span class=\"_ _1\"></span>the Group r<span class=\"_ _1\"></span>ecognises all changes in <span class=\"_ _1\"></span>future cash <span class=\"_ _1\"></span>flows arising <span class=\"_ _1\"></span>from chang<span class=\"_ _1\"></span>es in credit quality<span class=\"_ _1\"></span> since initial r<span class=\"_ _1\"></span>ecognition as a loss allowance <span class=\"_ _1\"></span>with any<span class=\"_ _1\"></span> changes recognised in pr<span class=\"_ _1\"></span>ofit or<span class=\"_ _1\"></span> loss. F<span class=\"_ _0\"></span>or financial accounting purposes, pr<span class=\"_ _1\"></span>ovisions f<span class=\"_ _1\"></span>or impairments of<span class=\"_ _0\"></span> loans to customers are held in an impairment allo<span class=\"_ _1\"></span>wance account <span class=\"_ _1\"></span>from the point at which <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised. T<span class=\"_ _1\"></span>hese balances are r<span class=\"_ _1\"></span>eleased to o<span class=\"_ _1\"></span>ffset against <span class=\"_ _1\"></span>the gross <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the loan <span class=\"_ _1\"></span>when it is writt<span class=\"_ _1\"></span>en off <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> accounting purposes. T<span class=\"_ _1\"></span>his occurs when standar<span class=\"_ _1\"></span>d enfor<span class=\"_ _1\"></span>cement processes ha<span class=\"_ _1\"></span>ve been completed, subject <span class=\"_ _1\"></span>to any<span class=\"_ _1\"></span> amount r<span class=\"_ _1\"></span>etained in respect o<span class=\"_ _1\"></span>f expected salv<span class=\"_ _1\"></span>age r<span class=\"_ _1\"></span>eceipts. <span class=\"_ _1\"></span>Any<span class=\"_ _1\"></span> further<span class=\"_ _1\"></span> gains fr<span class=\"_ _1\"></span>om post-write off<span class=\"_ _1\"></span> salvag<span class=\"_ _1\"></span>e activity ar<span class=\"_ _1\"></span>e report<span class=\"_ _1\"></span>ed as impairment gains.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-447": {
   "value": "(<span class=\"_ _2\"></span>j) <span class=\"_ _2de\"> </span> <span class=\"_ _b2\"> </span>Impairment of loans to cust<span class=\"_ _1\"></span>omers<span class=\"_ _393\"> </span>The carrying v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> all loans to customer<span class=\"_ _1\"></span>s, whether<span class=\"_ _1\"></span> accounted f<span class=\"_ _1\"></span>or under<span class=\"_ _1\"></span> IFRS 9 or IFRS 16, are r<span class=\"_ _1\"></span>educed by<span class=\"_ _1\"></span> an impairment pr<span class=\"_ _1\"></span>ovision based on their<span class=\"_ _1\"></span> ECL, det<span class=\"_ _1\"></span>ermined in accordance <span class=\"_ _1\"></span>with IFRS 9. <span class=\"_ _1\"></span>These estimates ar<span class=\"_ _1\"></span>e re<span class=\"_ _1\"></span>viewed <span class=\"_ _1\"></span>throughout<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> and at each balance sheet date. With the ex<span class=\"_ _1\"></span>ception of<span class=\"_ _1\"></span> POCI financial assets (<span class=\"_ _1\"></span>which are discussed separ<span class=\"_ _1\"></span>ately belo<span class=\"_ _1\"></span>w), all assets ar<span class=\"_ _1\"></span>e assessed t<span class=\"_ _1\"></span>o determine whether<span class=\"_ _0\"></span> there has been a significant incr<span class=\"_ _1\"></span>ease in credit<span class=\"_ _1\"></span> risk (\u2018SICR\u2019) since the point o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>first recognition (<span class=\"_ _0\"></span>origination or acquisition). <span class=\"_ _1\"></span>Assets ar<span class=\"_ _1\"></span>e also re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed to identify<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> which ar<span class=\"_ _1\"></span>e \u2018Credit Impair<span class=\"_ _1\"></span>ed\u2019<span class=\"_ _e\"></span>. SICR and credit impairment ar<span class=\"_ _1\"></span>e identified on the basis of<span class=\"_ _1\"></span> pre-de<span class=\"_ _1\"></span>termined metrics including qualitative and quantitative <span class=\"_ _1\"></span>factors r<span class=\"_ _1\"></span>elev<span class=\"_ _1\"></span>ant to each portf<span class=\"_ _1\"></span>olio, with a manag<span class=\"_ _1\"></span>ement re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> to ensur<span class=\"_ _1\"></span>e appr<span class=\"_ _1\"></span>opriate allocation. Assets which ha<span class=\"_ _1\"></span>ve not experienced an SICR ar<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as \u2018Stag<span class=\"_ _1\"></span>e 1\u2019 accounts, assets which hav<span class=\"_ _1\"></span>e experienced an SICR but ar<span class=\"_ _1\"></span>e not credit impair<span class=\"_ _1\"></span>ed are r<span class=\"_ _0\"></span>eferred to as \u2018S<span class=\"_ _1\"></span>tage 2\u2019 accounts, while cr<span class=\"_ _1\"></span>edit impair<span class=\"_ _1\"></span>ed assets are r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as \u2018S<span class=\"_ _1\"></span>tage 3\u2019 accounts.<span class=\"_ _393\"> </span>An impairment allow<span class=\"_ _1\"></span>ance is pro<span class=\"_ _1\"></span>vided on an account-by-account<span class=\"_ _1\"></span> basis: \u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _0\"></span>or Stage 1, at an amount<span class=\"_ _1\"></span> equal to 12<span class=\"_ _1\"></span>-month ECL, <span class=\"_ _1\"></span>the to<span class=\"_ _1\"></span>tal ECL<span class=\"_ _1\"></span> that r<span class=\"_ _1\"></span>esults fr<span class=\"_ _1\"></span>om those def<span class=\"_ _1\"></span>ault ev<span class=\"_ _1\"></span>ents that ar<span class=\"_ _1\"></span>e possible within 12 months of <span class=\"_ _1\"></span>the reporting dat<span class=\"_ _1\"></span>e, weight<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>obability of<span class=\"_ _1\"></span> those e<span class=\"_ _1\"></span>vents occurring<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>F<span class=\"_ _0\"></span>or Stage 2 and 3 accounts, at an amount<span class=\"_ _1\"></span> equal to life<span class=\"_ _1\"></span>time ECL, <span class=\"_ _1\"></span>the total E<span class=\"_ _1\"></span>CL<span class=\"_ _1\"></span> that r<span class=\"_ _1\"></span>esults fr<span class=\"_ _1\"></span>om any <span class=\"_ _1\"></span>future de<span class=\"_ _1\"></span>fault ev<span class=\"_ _1\"></span>ents, w<span class=\"_ _1\"></span>eighted by<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>obability of<span class=\"_ _0\"></span> those events occurring<span class=\"_ _393\"> </span>In establishing an ECL<span class=\"_ _1\"></span> allow<span class=\"_ _1\"></span>ance, the Gr<span class=\"_ _1\"></span>oup assesses its PD, L<span class=\"_ _0\"></span>GD and exposure at default<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> each reporting period, discount<span class=\"_ _1\"></span>ed to give a net pr<span class=\"_ _0\"></span>esent value. <span class=\"_ _1\"></span>The estimates used in <span class=\"_ _1\"></span>these assessments must be unbiased and tak<span class=\"_ _1\"></span>e into account reasonable and supportable information including f<span class=\"_ _1\"></span>orwar<span class=\"_ _1\"></span>d-looking economic inputs. While the Gr<span class=\"_ _1\"></span>oup uses statistical models as the basis <span class=\"_ _1\"></span>for its calculation o<span class=\"_ _1\"></span>f E<span class=\"_ _1\"></span>CLs wher<span class=\"_ _1\"></span>e appropriat<span class=\"_ _1\"></span>e, expert judgement <span class=\"_ _1\"></span>will alway<span class=\"_ _1\"></span>s be used to assess <span class=\"_ _1\"></span>the adequacy<span class=\"_ _1\"></span> of an<span class=\"_ _1\"></span>y calculated amount<span class=\"_ _1\"></span> and additional provision made if<span class=\"_ _0\"></span> required.<span class=\"_ _393\"> </span>Within its buy-to-le<span class=\"_ _1\"></span>t portfolio the Gr<span class=\"_ _1\"></span>oup utilises a r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> of r<span class=\"_ _1\"></span>ent pr<span class=\"_ _1\"></span>ocess, wher<span class=\"_ _1\"></span>eby<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> stands between <span class=\"_ _1\"></span>the landlord and tenant and will de<span class=\"_ _1\"></span>termine an appropriate str<span class=\"_ _1\"></span>ategy <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> dealing with any<span class=\"_ _1\"></span> delinquency<span class=\"_ _0\"></span>. This strat<span class=\"_ _1\"></span>egy may<span class=\"_ _0\"></span> involve the immediat<span class=\"_ _1\"></span>e sale of an<span class=\"_ _1\"></span>y underlying security<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> the short or<span class=\"_ _1\"></span> long term letting o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> to co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> arrear<span class=\"_ _1\"></span>s and principal shortfalls. Such cases are automatically consider<span class=\"_ _1\"></span>ed t<span class=\"_ _1\"></span>o have an SICR, but <span class=\"_ _1\"></span>where a le<span class=\"_ _1\"></span>tting strategy is adop<span class=\"_ _1\"></span>ted by<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>eceiver<span class=\"_ _1\"></span> and a tenant<span class=\"_ _1\"></span> is in place, arrears may<span class=\"_ _0\"></span> be reduced or<span class=\"_ _1\"></span> cleared. Pr<span class=\"_ _1\"></span>operties in r<span class=\"_ _1\"></span>eceivership ar<span class=\"_ _1\"></span>e ev<span class=\"_ _1\"></span>entually either<span class=\"_ _1\"></span> returned <span class=\"_ _1\"></span>to their<span class=\"_ _0\"></span> landlord owners or<span class=\"_ _1\"></span> sold.<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or loan portfolios acquired at<span class=\"_ _1\"></span> a discount, the discounts <span class=\"_ _1\"></span>take account of<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e expected impairments, and cr<span class=\"_ _1\"></span>edit impair<span class=\"_ _1\"></span>ed assets in those portfolios ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>eated as POCI. F<span class=\"_ _0\"></span>or these assets, <span class=\"_ _1\"></span>the Group r<span class=\"_ _1\"></span>ecognises all changes in <span class=\"_ _1\"></span>future cash <span class=\"_ _1\"></span>flows arising <span class=\"_ _1\"></span>from chang<span class=\"_ _1\"></span>es in credit quality<span class=\"_ _1\"></span> since initial r<span class=\"_ _1\"></span>ecognition as a loss allowance <span class=\"_ _1\"></span>with any<span class=\"_ _1\"></span> changes recognised in pr<span class=\"_ _1\"></span>ofit or<span class=\"_ _1\"></span> loss. F<span class=\"_ _0\"></span>or financial accounting purposes, pr<span class=\"_ _1\"></span>ovisions f<span class=\"_ _1\"></span>or impairments of<span class=\"_ _0\"></span> loans to customers are held in an impairment allo<span class=\"_ _1\"></span>wance account <span class=\"_ _1\"></span>from the point at which <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are <span class=\"_ _1\"></span>first r<span class=\"_ _1\"></span>ecognised. T<span class=\"_ _1\"></span>hese balances are r<span class=\"_ _1\"></span>eleased to o<span class=\"_ _1\"></span>ffset against <span class=\"_ _1\"></span>the gross <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the loan <span class=\"_ _1\"></span>when it is writt<span class=\"_ _1\"></span>en off <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> accounting purposes. T<span class=\"_ _1\"></span>his occurs when standar<span class=\"_ _1\"></span>d enfor<span class=\"_ _1\"></span>cement processes ha<span class=\"_ _1\"></span>ve been completed, subject <span class=\"_ _1\"></span>to any<span class=\"_ _1\"></span> amount r<span class=\"_ _1\"></span>etained in respect o<span class=\"_ _1\"></span>f expected salv<span class=\"_ _1\"></span>age r<span class=\"_ _1\"></span>eceipts. <span class=\"_ _1\"></span>Any<span class=\"_ _1\"></span> further<span class=\"_ _1\"></span> gains fr<span class=\"_ _1\"></span>om post-write off<span class=\"_ _1\"></span> salvag<span class=\"_ _1\"></span>e activity ar<span class=\"_ _1\"></span>e report<span class=\"_ _1\"></span>ed as impairment gains.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-390": {
   "value": "(k) <span class=\"_ _e\"></span> <span class=\"_ _34\"> </span>Amounts owed b<span class=\"_ _1\"></span>y or<span class=\"_ _1\"></span> to gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span>In the accounts of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, balances ow<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> or <span class=\"_ _1\"></span>to other<span class=\"_ _1\"></span> group companies ar<span class=\"_ _1\"></span>e carried at the curr<span class=\"_ _1\"></span>ent amount outstanding less any<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision. Wher<span class=\"_ _1\"></span>e balances owing betw<span class=\"_ _1\"></span>een group companies <span class=\"_ _1\"></span>fall within <span class=\"_ _1\"></span>the definition of<span class=\"_ _1\"></span> either <span class=\"_ _1\"></span>financial assets or <span class=\"_ _1\"></span>financial liabilities given in IAS 32 \u2013 \u2018Financial Instruments: Pr<span class=\"_ _1\"></span>esentation\u2019 <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are classified as assets or<span class=\"_ _1\"></span> liabilities at amortised cost, as defined b<span class=\"_ _1\"></span>y IFRS 9.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "paragonbankingplc:DescriptionOfAccountingPolicyForAmountsOwedByOrToGroupCompanies",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-391": {
   "value": "(l)   <span class=\"_ _b4\"> </span>Property<span class=\"_ _1\"></span>, plant and equipment Property<span class=\"_ _0\"></span>, plant and equipment is stated at cost less accumulated depr<span class=\"_ _1\"></span>eciation. Assets held for<span class=\"_ _0\"></span> letting under operating leases are depr<span class=\"_ _0\"></span>eciated in equal annual instalments to their<span class=\"_ _1\"></span> estimated residual <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the life of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated lease. <span class=\"_ _1\"></span>V<span class=\"_ _1\"></span>ehicles held f<span class=\"_ _1\"></span>or short-<span class=\"_ _1\"></span>term hire ar<span class=\"_ _1\"></span>e depr<span class=\"_ _1\"></span>eciated in equal annual instalments to <span class=\"_ _1\"></span>their estimated r<span class=\"_ _0\"></span>esidual value over<span class=\"_ _0\"></span> their expected useful lif<span class=\"_ _1\"></span>e. T<span class=\"_ _1\"></span>his depreciation is deducted in arriving at ne<span class=\"_ _1\"></span>t lease income and is shown in note 6.<span class=\"_ _393\"> </span>The assets\u2019 r<span class=\"_ _0\"></span>esidual values and useful lives ar<span class=\"_ _1\"></span>e r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed by<span class=\"_ _1\"></span> management and adjusted, if<span class=\"_ _1\"></span> appr<span class=\"_ _1\"></span>opriate, at each balance sheet date.<span class=\"_ _393\"> </span>Depreciation on operating asse<span class=\"_ _1\"></span>ts is pro<span class=\"_ _1\"></span>vided on cost in equal annual instalments over<span class=\"_ _0\"></span> the lives of<span class=\"_ _1\"></span> the assets. Land is not depr<span class=\"_ _0\"></span>eciated. The rates of<span class=\"_ _0\"></span> depreciation are as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span><table class=\"s w454 h135\" id=\"_95885aac-59a3-47fc-a695-cb4cb42f9a7b\"><tr><td class=\"c n x1a7 y3e50 w455 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Freehold premises<span class=\"_ _393\"> </span></div></td><td class=\"c n xedb y3e50 w456 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Short leasehold premises<span class=\"_ _393\"> </span></div></td><td class=\"c n xedc y3e50 w457 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Computer hardwar<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td><td class=\"c n xedd y3e50 w458 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Furnitur<span class=\"_ _1\"></span>e, fixtures and office equipment<span class=\"_ _393\"> </span></div></td><td class=\"c n xede y3e50 w459 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company motor vehicles<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w17d hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xedf y3c48 w45a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">over the term of the lease<span class=\"_ _393\"> </span></div></td><td class=\"c n xedc y3c48 w45b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">25% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xee0 y3c48 w45c hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xee1 y3c48 w45b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">25% per annum<span class=\"_ _393\"> </span></div></td></tr></table>Depreciation on right-o<span class=\"_ _1\"></span>f-use assets r<span class=\"_ _1\"></span>ecognised in accordance <span class=\"_ _1\"></span>with IFRS 16 is provided on a str<span class=\"_ _1\"></span>aight-line basis over<span class=\"_ _0\"></span> the term of<span class=\"_ _1\"></span> the lease.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-448": {
   "value": "Depreciation on operating asse<span class=\"_ _1\"></span>ts is pro<span class=\"_ _1\"></span>vided on cost in equal annual instalments over<span class=\"_ _0\"></span> the lives of<span class=\"_ _1\"></span> the assets. Land is not depr<span class=\"_ _0\"></span>eciated. The rates of<span class=\"_ _0\"></span> depreciation are as f<span class=\"_ _1\"></span>ollows:<span class=\"_ _393\"> </span><table class=\"s w454 h135\" id=\"_95885aac-59a3-47fc-a695-cb4cb42f9a7b\"><tr><td class=\"c n x1a7 y3e50 w455 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Freehold premises<span class=\"_ _393\"> </span></div></td><td class=\"c n xedb y3e50 w456 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Short leasehold premises<span class=\"_ _393\"> </span></div></td><td class=\"c n xedc y3e50 w457 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Computer hardwar<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td><td class=\"c n xedd y3e50 w458 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Furnitur<span class=\"_ _1\"></span>e, fixtures and office equipment<span class=\"_ _393\"> </span></div></td><td class=\"c n xede y3e50 w459 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company motor vehicles<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w17d hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">2% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xedf y3c48 w45a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">over the term of the lease<span class=\"_ _393\"> </span></div></td><td class=\"c n xedc y3c48 w45b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">25% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xee0 y3c48 w45c hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">15% per annum<span class=\"_ _393\"> </span></div></td><td class=\"c n xee1 y3c48 w45b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">25% per annum<span class=\"_ _393\"> </span></div></td></tr></table>Depreciation on right-o<span class=\"_ _1\"></span>f-use assets r<span class=\"_ _1\"></span>ecognised in accordance <span class=\"_ _1\"></span>with IFRS 16 is provided on a str<span class=\"_ _1\"></span>aight-line basis over<span class=\"_ _0\"></span> the term of<span class=\"_ _1\"></span> the lease.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-392": {
   "value": "(m<span class=\"_ _1\"></span>) <span class=\"_ _134\"> </span>Intangible assets Intangible assets comprise purchased comput<span class=\"_ _1\"></span>er softw<span class=\"_ _1\"></span>are and o<span class=\"_ _1\"></span>ther intangible assets acquir<span class=\"_ _1\"></span>ed in business combinations.<span class=\"_ _393\"> </span>Purchased computer<span class=\"_ _1\"></span> softw<span class=\"_ _1\"></span>are is capitalised <span class=\"_ _1\"></span>where it has a sufficiently<span class=\"_ _1\"></span> enduring natur<span class=\"_ _1\"></span>e and is stated at cost less accumulated amortisation. Amortisation is pr<span class=\"_ _1\"></span>ovided in equal instalments o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the expect<span class=\"_ _1\"></span>ed useful life of<span class=\"_ _1\"></span> the so<span class=\"_ _1\"></span>ftware concerned. <span class=\"_ _0\"></span>These lives range between <span class=\"_ _1\"></span>four and se<span class=\"_ _1\"></span>ven <span class=\"_ _1\"></span>years. Other intangible assets acquir<span class=\"_ _1\"></span>ed in business combinations include brands and business netw<span class=\"_ _1\"></span>orks and are capitalised in accor<span class=\"_ _1\"></span>dance with the r<span class=\"_ _1\"></span>equirements of<span class=\"_ _0\"></span> I<span class=\"_ _2\"></span>FRS 3 \u2013 \u2018Business Combinations\u2019<span class=\"_ _e\"></span>. Such assets are stated at attributed cost<span class=\"_ _1\"></span> less accumulated amortisation. Amortisation is pro<span class=\"_ _1\"></span>vided in equal instalments at a rate determined at<span class=\"_ _1\"></span> the point of<span class=\"_ _1\"></span> acquisition.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-393": {
   "value": "(n<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _b2\"> </span>Inves<span class=\"_ _1\"></span>tments in subsidiaries<span class=\"_ _393\"> </span>The Company\u2019<span class=\"_ _0\"></span>s investments in subsidiary<span class=\"_ _1\"></span> undertakings are <span class=\"_ _1\"></span>valued at<span class=\"_ _1\"></span> cost less pro<span class=\"_ _1\"></span>vision for<span class=\"_ _1\"></span> impairment. Impairment is determined based on the net asse<span class=\"_ _1\"></span>t v<span class=\"_ _1\"></span>alues of subsidiary<span class=\"_ _0\"></span> entities after pro<span class=\"_ _1\"></span>vision for<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span> company<span class=\"_ _1\"></span> balances and investments at <span class=\"_ _1\"></span>the subsidiary le<span class=\"_ _1\"></span>vel.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-394": {
   "value": "(o<span class=\"_ _0\"></span>)  <span class=\"_ _37a\"> </span>ESOP trusts<span class=\"_ _393\"> </span>Where <span class=\"_ _1\"></span>trusts have been set<span class=\"_ _1\"></span> up to hold shar<span class=\"_ _1\"></span>es in the Company<span class=\"_ _0\"></span> in conjunction with the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s employee shar<span class=\"_ _0\"></span>e ownership arrangements, <span class=\"_ _1\"></span>the assets, liabilities and transactions o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>those trusts ar<span class=\"_ _1\"></span>e accounted for<span class=\"_ _0\"></span> within the accounts of<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>(cc<span class=\"_ _0\"></span>) <span class=\"_ _f\"> </span>Share-based payments<span class=\"_ _393\"> </span>In accordance <span class=\"_ _1\"></span>with IFRS 2 \u2013 \u2018Share-based Payments<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>, the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue at the dat<span class=\"_ _1\"></span>e of gr<span class=\"_ _1\"></span>ant of a<span class=\"_ _1\"></span>war<span class=\"_ _1\"></span>ds to be made in r<span class=\"_ _1\"></span>espect of<span class=\"_ _1\"></span> options and shares grant<span class=\"_ _1\"></span>ed under <span class=\"_ _1\"></span>the terms of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s various shar<span class=\"_ _1\"></span>e-based employ<span class=\"_ _1\"></span>ee incentive arrang<span class=\"_ _1\"></span>ements is charged t<span class=\"_ _1\"></span>o the statement o<span class=\"_ _1\"></span>f profit<span class=\"_ _1\"></span> or loss account o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the period betw<span class=\"_ _1\"></span>een the date o<span class=\"_ _1\"></span>f grant and <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>esting date.<span class=\"_ _393\"> </span>National Insurance on share-based pa<span class=\"_ _1\"></span>yments is accrued ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>esting period, based on the shar<span class=\"_ _1\"></span>e price at the balance sheet dat<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span>Where <span class=\"_ _1\"></span>the allowable cost<span class=\"_ _1\"></span> of shar<span class=\"_ _1\"></span>e-based aw<span class=\"_ _1\"></span>ards f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>tax purposes is greater<span class=\"_ _0\"></span> than the cost determined in accor<span class=\"_ _1\"></span>dance with IFRS 2, the tax effect of<span class=\"_ _0\"></span> the excess is tak<span class=\"_ _1\"></span>en t<span class=\"_ _1\"></span>o reserv<span class=\"_ _1\"></span>es.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-395": {
   "value": "(p<span class=\"_ _1\"></span>)  <span class=\"_ _37a\"> </span>Own <span class=\"_ _33\"></span>shares Shares in Par<span class=\"_ _1\"></span>agon Banking Gr<span class=\"_ _1\"></span>oup PL<span class=\"_ _1\"></span>C held in tr<span class=\"_ _1\"></span>easury or<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>trustee of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s employ<span class=\"_ _1\"></span>ee share o<span class=\"_ _1\"></span>wnership plan are sho<span class=\"_ _1\"></span>wn on the balance sheet as a deduction in arriving at <span class=\"_ _1\"></span>total equity<span class=\"_ _0\"></span>. Own shares are stated at cost.<span class=\"_ _393\"> </span>Any<span class=\"_ _1\"></span> shortfall on disposal of such shar<span class=\"_ _1\"></span>es is offset ag<span class=\"_ _1\"></span>ainst re<span class=\"_ _1\"></span>tained earnings. An<span class=\"_ _1\"></span>y ex<span class=\"_ _1\"></span>cess of<span class=\"_ _1\"></span> disposal proceeds o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> cost of<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>easury shares is added <span class=\"_ _1\"></span>to the shar<span class=\"_ _1\"></span>e premium account. <span class=\"_ _0\"></span>Where an irrev<span class=\"_ _1\"></span>ocable instruction f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the purchase of<span class=\"_ _1\"></span> such shar<span class=\"_ _1\"></span>es has been given, it is treated as a r<span class=\"_ _1\"></span>eduction in capital fr<span class=\"_ _1\"></span>om the point at<span class=\"_ _1\"></span> which <span class=\"_ _1\"></span>the instruction becomes irre<span class=\"_ _1\"></span>vocable.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-396": {
   "value": "(q)  <span class=\"_ _dd\"> </span>Retail  deposits<span class=\"_ _393\"> </span>Retail deposits ar<span class=\"_ _1\"></span>e carried in the balance sheet on <span class=\"_ _1\"></span>the amortised cost basis. <span class=\"_ _1\"></span>The initial fair<span class=\"_ _0\"></span> value r<span class=\"_ _1\"></span>ecognised repr<span class=\"_ _1\"></span>esents the cash amount receiv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om the customer<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>Interest pa<span class=\"_ _1\"></span>yable <span class=\"_ _1\"></span>to the customer<span class=\"_ _1\"></span> is expensed <span class=\"_ _1\"></span>to the statement<span class=\"_ _1\"></span> of pr<span class=\"_ _1\"></span>ofit or<span class=\"_ _1\"></span> loss as inter<span class=\"_ _1\"></span>est payable o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the deposit <span class=\"_ _1\"></span>term on an EIR basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "paragonbankingplc:DescriptionOfAccountingPolicyForRetailDeposits",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "(r<span class=\"_ _1\"></span>)  <span class=\"_ _39\"> </span>Borrowings Borro<span class=\"_ _1\"></span>wings from e<span class=\"_ _1\"></span>xternal thir<span class=\"_ _1\"></span>d parties are carried in <span class=\"_ _1\"></span>the balance sheet on the amortised cost<span class=\"_ _1\"></span> basis. T<span class=\"_ _1\"></span>he initial v<span class=\"_ _1\"></span>alue recognised includes the principal amount r<span class=\"_ _1\"></span>eceived less any<span class=\"_ _0\"></span> discount on issue or costs of issuance.<span class=\"_ _393\"> </span>Interest and all o<span class=\"_ _1\"></span>ther costs o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the funding ar<span class=\"_ _1\"></span>e expensed to <span class=\"_ _1\"></span>the statement of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fit or loss as inter<span class=\"_ _0\"></span>est payable ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the term of<span class=\"_ _1\"></span> the borro<span class=\"_ _1\"></span>wing on an EIR basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "(r<span class=\"_ _1\"></span>)  <span class=\"_ _39\"> </span>Borrowings Borro<span class=\"_ _1\"></span>wings from e<span class=\"_ _1\"></span>xternal thir<span class=\"_ _1\"></span>d parties are carried in <span class=\"_ _1\"></span>the balance sheet on the amortised cost<span class=\"_ _1\"></span> basis. T<span class=\"_ _1\"></span>he initial v<span class=\"_ _1\"></span>alue recognised includes the principal amount r<span class=\"_ _1\"></span>eceived less any<span class=\"_ _0\"></span> discount on issue or costs of issuance.<span class=\"_ _393\"> </span>Interest and all o<span class=\"_ _1\"></span>ther costs o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the funding ar<span class=\"_ _1\"></span>e expensed to <span class=\"_ _1\"></span>the statement of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fit or loss as inter<span class=\"_ _0\"></span>est payable ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the term of<span class=\"_ _1\"></span> the borro<span class=\"_ _1\"></span>wing on an EIR basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "(r<span class=\"_ _1\"></span>)  <span class=\"_ _39\"> </span>Borrowings Borro<span class=\"_ _1\"></span>wings from e<span class=\"_ _1\"></span>xternal thir<span class=\"_ _1\"></span>d parties are carried in <span class=\"_ _1\"></span>the balance sheet on the amortised cost<span class=\"_ _1\"></span> basis. T<span class=\"_ _1\"></span>he initial v<span class=\"_ _1\"></span>alue recognised includes the principal amount r<span class=\"_ _1\"></span>eceived less any<span class=\"_ _0\"></span> discount on issue or costs of issuance.<span class=\"_ _393\"> </span>Interest and all o<span class=\"_ _1\"></span>ther costs o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the funding ar<span class=\"_ _1\"></span>e expensed to <span class=\"_ _1\"></span>the statement of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fit or loss as inter<span class=\"_ _0\"></span>est payable ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the term of<span class=\"_ _1\"></span> the borro<span class=\"_ _1\"></span>wing on an EIR basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "(r<span class=\"_ _1\"></span>)  <span class=\"_ _39\"> </span>Borrowings Borro<span class=\"_ _1\"></span>wings from e<span class=\"_ _1\"></span>xternal thir<span class=\"_ _1\"></span>d parties are carried in <span class=\"_ _1\"></span>the balance sheet on the amortised cost<span class=\"_ _1\"></span> basis. T<span class=\"_ _1\"></span>he initial v<span class=\"_ _1\"></span>alue recognised includes the principal amount r<span class=\"_ _1\"></span>eceived less any<span class=\"_ _0\"></span> discount on issue or costs of issuance.<span class=\"_ _393\"> </span>Interest and all o<span class=\"_ _1\"></span>ther costs o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the funding ar<span class=\"_ _1\"></span>e expensed to <span class=\"_ _1\"></span>the statement of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fit or loss as inter<span class=\"_ _0\"></span>est payable ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the term of<span class=\"_ _1\"></span> the borro<span class=\"_ _1\"></span>wing on an EIR basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-397": {
   "value": "(r<span class=\"_ _1\"></span>)  <span class=\"_ _39\"> </span>Borrowings Borro<span class=\"_ _1\"></span>wings from e<span class=\"_ _1\"></span>xternal thir<span class=\"_ _1\"></span>d parties are carried in <span class=\"_ _1\"></span>the balance sheet on the amortised cost<span class=\"_ _1\"></span> basis. T<span class=\"_ _1\"></span>he initial v<span class=\"_ _1\"></span>alue recognised includes the principal amount r<span class=\"_ _1\"></span>eceived less any<span class=\"_ _0\"></span> discount on issue or costs of issuance.<span class=\"_ _393\"> </span>Interest and all o<span class=\"_ _1\"></span>ther costs o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the funding ar<span class=\"_ _1\"></span>e expensed to <span class=\"_ _1\"></span>the statement of<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>fit or loss as inter<span class=\"_ _0\"></span>est payable ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the term of<span class=\"_ _1\"></span> the borro<span class=\"_ _1\"></span>wing on an EIR basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-450": {
   "value": "(s<span class=\"_ _1\"></span>)  <span class=\"_ _b2\"> </span>Central bank facilities Where central bank<span class=\"_ _1\"></span> facilities ar<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>vided at a below<span class=\"_ _1\"></span> market r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> interest, and <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>fall within <span class=\"_ _1\"></span>the definition of<span class=\"_ _1\"></span> gov<span class=\"_ _1\"></span>ernment assistance as defined by<span class=\"_ _1\"></span> IAS 20 \u2013 \u2018<span class=\"_ _0\"></span>Accounting f<span class=\"_ _1\"></span>or Go<span class=\"_ _1\"></span>vernment Grants and Disclosur<span class=\"_ _0\"></span>e of Government<span class=\"_ _1\"></span> Assistance<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>, the liability is initially<span class=\"_ _1\"></span> recognised at <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> its expected cash flo<span class=\"_ _1\"></span>ws discounted at a mark<span class=\"_ _1\"></span>et rate o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est f<span class=\"_ _1\"></span>or a compar<span class=\"_ _1\"></span>able commercial borr<span class=\"_ _1\"></span>owing. Interest is r<span class=\"_ _0\"></span>ecognised on this liability on an EIR basis, using the imputed mark<span class=\"_ _1\"></span>et rate <span class=\"_ _1\"></span>to determine <span class=\"_ _1\"></span>the EIR.<span class=\"_ _393\"> </span>The remaining amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the advance is r<span class=\"_ _1\"></span>ecognised as deferr<span class=\"_ _1\"></span>ed go<span class=\"_ _1\"></span>vernment assistance and r<span class=\"_ _1\"></span>eleased to <span class=\"_ _1\"></span>the profit<span class=\"_ _1\"></span> and loss account through inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the periods during which <span class=\"_ _1\"></span>the arrangement aff<span class=\"_ _1\"></span>ects profit.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-398": {
   "value": "(s<span class=\"_ _1\"></span>)  <span class=\"_ _b2\"> </span>Central bank facilities Where central bank<span class=\"_ _1\"></span> facilities ar<span class=\"_ _1\"></span>e pro<span class=\"_ _1\"></span>vided at a below<span class=\"_ _1\"></span> market r<span class=\"_ _1\"></span>ate of<span class=\"_ _1\"></span> interest, and <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>fall within <span class=\"_ _1\"></span>the definition of<span class=\"_ _1\"></span> gov<span class=\"_ _1\"></span>ernment assistance as defined by<span class=\"_ _1\"></span> IAS 20 \u2013 \u2018<span class=\"_ _0\"></span>Accounting f<span class=\"_ _1\"></span>or Go<span class=\"_ _1\"></span>vernment Grants and Disclosur<span class=\"_ _0\"></span>e of Government<span class=\"_ _1\"></span> Assistance<span class=\"_ _1\"></span>\u2019<span class=\"_ _e\"></span>, the liability is initially<span class=\"_ _1\"></span> recognised at <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> its expected cash flo<span class=\"_ _1\"></span>ws discounted at a mark<span class=\"_ _1\"></span>et rate o<span class=\"_ _1\"></span>f inter<span class=\"_ _1\"></span>est f<span class=\"_ _1\"></span>or a compar<span class=\"_ _1\"></span>able commercial borr<span class=\"_ _1\"></span>owing. Interest is r<span class=\"_ _0\"></span>ecognised on this liability on an EIR basis, using the imputed mark<span class=\"_ _1\"></span>et rate <span class=\"_ _1\"></span>to determine <span class=\"_ _1\"></span>the EIR.<span class=\"_ _393\"> </span>The remaining amount<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the advance is r<span class=\"_ _1\"></span>ecognised as deferr<span class=\"_ _1\"></span>ed go<span class=\"_ _1\"></span>vernment assistance and r<span class=\"_ _1\"></span>eleased to <span class=\"_ _1\"></span>the profit<span class=\"_ _1\"></span> and loss account through inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the periods during which <span class=\"_ _1\"></span>the arrangement aff<span class=\"_ _1\"></span>ects profit.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "paragonbankingplc:DescriptionOfAccountingPolicyForCentralBankFacilities",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-399": {
   "value": "(t) <span class=\"_ _33\"></span> <span class=\"_ _b2\"> </span>Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span>Securities, including the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s own retained asset-back<span class=\"_ _1\"></span>ed notes, can be sold subject <span class=\"_ _1\"></span>to a commitment t<span class=\"_ _1\"></span>o repur<span class=\"_ _1\"></span>chase them at a subsequent date at a price calculated on a pr<span class=\"_ _1\"></span>e-determined basis (<span class=\"_ _1\"></span>a repo<span class=\"_ _1\"></span>). Wher<span class=\"_ _0\"></span>e this price comprises a fixed amount plus a lenders<span class=\"_ _1\"></span>\u2019 return, <span class=\"_ _1\"></span>the funds r<span class=\"_ _1\"></span>eceived ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>eated as borro<span class=\"_ _1\"></span>wings of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup.<span class=\"_ _393\"> </span>Where <span class=\"_ _1\"></span>the securities concerned are r<span class=\"_ _1\"></span>etained notes no liability<span class=\"_ _1\"></span> is recognised in asse<span class=\"_ _1\"></span>t-backed loan not<span class=\"_ _1\"></span>es and wher<span class=\"_ _1\"></span>e the securities ar<span class=\"_ _1\"></span>e recognised on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s balance sheet prior <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>transaction, <span class=\"_ _1\"></span>these are not der<span class=\"_ _0\"></span>ecognised. The differ<span class=\"_ _1\"></span>ence between <span class=\"_ _1\"></span>the sale and purchase price is accrued o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the life o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the agreement using <span class=\"_ _1\"></span>the EIR method.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRepurchaseAndReverseRepurchaseAgreementsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-400": {
   "value": "(u<span class=\"_ _1\"></span>)  <span class=\"_ _37a\"> </span>Provisions <span class=\"_ _2\"></span>for <span class=\"_ _33\"></span>liabilities<span class=\"_ _393\"> </span>Pro<span class=\"_ _1\"></span>visions for<span class=\"_ _1\"></span> liabilities are made in accor<span class=\"_ _1\"></span>dance with IA<span class=\"_ _1\"></span>S 37 \u2013 \u2018Pro<span class=\"_ _1\"></span>visions, Contingent Liabilities and Conting<span class=\"_ _1\"></span>ent Asse<span class=\"_ _1\"></span>ts\u2019<span class=\"_ _e\"></span>. Provision is made wher<span class=\"_ _1\"></span>e it is probable <span class=\"_ _1\"></span>that an outflow<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> resour<span class=\"_ _1\"></span>ces will be r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to settle an obligation arising <span class=\"_ _1\"></span>from a past e<span class=\"_ _1\"></span>vent. <span class=\"_ _1\"></span>The amount of pr<span class=\"_ _0\"></span>ovision is based on the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s current estimate, at<span class=\"_ _1\"></span> the balance sheet date, o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the amount which <span class=\"_ _1\"></span>would need <span class=\"_ _1\"></span>to be paid to a third party<span class=\"_ _1\"></span> at that point<span class=\"_ _1\"></span> to extinguish all liabilities arising <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the ev<span class=\"_ _1\"></span>ent. As such it<span class=\"_ _1\"></span> would include incr<span class=\"_ _1\"></span>emental costs r<span class=\"_ _1\"></span>elated to <span class=\"_ _1\"></span>the settlement of<span class=\"_ _1\"></span> the liability<span class=\"_ _0\"></span>. This amount is calculated on a pr<span class=\"_ _1\"></span>esent <span class=\"_ _1\"></span>value basis, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the time <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> money<span class=\"_ _1\"></span> is significant.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "(v<span class=\"_ _1\"></span>)  <span class=\"_ _b2\"> </span>Derivative financial instruments All derivativ<span class=\"_ _1\"></span>e financial instruments are carried in <span class=\"_ _1\"></span>the balance sheet at <span class=\"_ _1\"></span>fair <span class=\"_ _0\"></span>value, as assets wher<span class=\"_ _1\"></span>e the <span class=\"_ _1\"></span>value is positive or<span class=\"_ _0\"></span> as liabilities where <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue is negative. F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>value is based on mark<span class=\"_ _1\"></span>et prices, <span class=\"_ _1\"></span>where a mark<span class=\"_ _1\"></span>et exists. If<span class=\"_ _1\"></span> ther<span class=\"_ _1\"></span>e is no active mark<span class=\"_ _1\"></span>et, fair<span class=\"_ _0\"></span> value is calculated using present <span class=\"_ _0\"></span>value models which incorporate assumptions based on mark<span class=\"_ _1\"></span>et conditions and ar<span class=\"_ _1\"></span>e consistent <span class=\"_ _1\"></span>with accepted economic methodologies for<span class=\"_ _0\"></span> pricing financial instruments. Changes in the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value of<span class=\"_ _0\"></span> derivatives are r<span class=\"_ _1\"></span>ecognised in the statement<span class=\"_ _1\"></span> of profit<span class=\"_ _1\"></span> or loss.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-401": {
   "value": "(v<span class=\"_ _1\"></span>)  <span class=\"_ _b2\"> </span>Derivative financial instruments All derivativ<span class=\"_ _1\"></span>e financial instruments are carried in <span class=\"_ _1\"></span>the balance sheet at <span class=\"_ _1\"></span>fair <span class=\"_ _0\"></span>value, as assets wher<span class=\"_ _1\"></span>e the <span class=\"_ _1\"></span>value is positive or<span class=\"_ _0\"></span> as liabilities where <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>alue is negative. F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>value is based on mark<span class=\"_ _1\"></span>et prices, <span class=\"_ _1\"></span>where a mark<span class=\"_ _1\"></span>et exists. If<span class=\"_ _1\"></span> ther<span class=\"_ _1\"></span>e is no active mark<span class=\"_ _1\"></span>et, fair<span class=\"_ _0\"></span> value is calculated using present <span class=\"_ _0\"></span>value models which incorporate assumptions based on mark<span class=\"_ _1\"></span>et conditions and ar<span class=\"_ _1\"></span>e consistent <span class=\"_ _1\"></span>with accepted economic methodologies for<span class=\"_ _0\"></span> pricing financial instruments. Changes in the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value of<span class=\"_ _0\"></span> derivatives are r<span class=\"_ _1\"></span>ecognised in the statement<span class=\"_ _1\"></span> of profit<span class=\"_ _1\"></span> or loss.<span class=\"_ _393\"> </span>(w<span class=\"_ _1\"></span>) Hedging<span class=\"_ _393\"> </span>IFRS 9 paragraph 7<span class=\"_ _0\"></span>.2.21 permits an entity <span class=\"_ _1\"></span>to elect, as a matter<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> accounting policy<span class=\"_ _0\"></span>, to continue to apply<span class=\"_ _1\"></span> the hedge accounting requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 39 in place of<span class=\"_ _1\"></span> those set out<span class=\"_ _1\"></span> in Chapter<span class=\"_ _1\"></span> 6 of IFRS 9<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he Group has made <span class=\"_ _1\"></span>this election, and the accounting policy<span class=\"_ _1\"></span> below has been de<span class=\"_ _1\"></span>termined in accordance <span class=\"_ _1\"></span>with IAS 39<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or all hedges, the Gr<span class=\"_ _1\"></span>oup documents the r<span class=\"_ _1\"></span>elationship between <span class=\"_ _1\"></span>the hedging instruments and the hedg<span class=\"_ _1\"></span>ed items at inception, as <span class=\"_ _1\"></span>well as its risk management str<span class=\"_ _1\"></span>ategy and objectiv<span class=\"_ _1\"></span>es for<span class=\"_ _1\"></span> undertaking the <span class=\"_ _1\"></span>transaction. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup also documents its assessment, both at hedge inception and on an ongoing basis, o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>whether <span class=\"_ _1\"></span>the hedging arrangements put<span class=\"_ _1\"></span> in place are consider<span class=\"_ _1\"></span>ed to be \u2018highly<span class=\"_ _1\"></span> effectiv<span class=\"_ _1\"></span>e\u2019 as defined by<span class=\"_ _1\"></span> IAS 39<span class=\"_ _1\"></span>. F<span class=\"_ _0\"></span>or a fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value hedge, as long as <span class=\"_ _1\"></span>the hedging relationship is deemed \u2018highly<span class=\"_ _1\"></span> effectiv<span class=\"_ _1\"></span>e\u2019 and meets <span class=\"_ _1\"></span>the hedging requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 39<span class=\"_ _1\"></span>, any<span class=\"_ _1\"></span> gain or loss on <span class=\"_ _1\"></span>the hedging instrument r<span class=\"_ _1\"></span>ecognised in income can be offset against <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value loss or<span class=\"_ _1\"></span> gain arising fr<span class=\"_ _1\"></span>om the hedg<span class=\"_ _1\"></span>ed item for<span class=\"_ _1\"></span> the hedg<span class=\"_ _1\"></span>ed risk. F<span class=\"_ _0\"></span>or macro hedges (hedg<span class=\"_ _1\"></span>es of<span class=\"_ _1\"></span> interest r<span class=\"_ _1\"></span>ate risk f<span class=\"_ _1\"></span>or a portf<span class=\"_ _1\"></span>olio of loan assets or<span class=\"_ _0\"></span> retail deposit liabilities) <span class=\"_ _1\"></span>this fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue adjustment is disclosed in the balance sheet alongside <span class=\"_ _1\"></span>the hedged item, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> other hedg<span class=\"_ _1\"></span>es the adjustment is made <span class=\"_ _1\"></span>to the carrying <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedged asset or<span class=\"_ _1\"></span> liability<span class=\"_ _1\"></span>. Only <span class=\"_ _1\"></span>the net ineff<span class=\"_ _1\"></span>ectiveness of<span class=\"_ _1\"></span> the hedge is char<span class=\"_ _1\"></span>ged or<span class=\"_ _1\"></span> credited <span class=\"_ _1\"></span>to income. <span class=\"_ _1\"></span>Where a f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value hedg<span class=\"_ _1\"></span>e relationship is terminated, or<span class=\"_ _1\"></span> deemed ineffective, <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value adjustment is amortised o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>emaining term of<span class=\"_ _1\"></span> the underlying it<span class=\"_ _1\"></span>em.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "(w<span class=\"_ _1\"></span>) Hedging<span class=\"_ _393\"> </span>IFRS 9 paragraph 7<span class=\"_ _0\"></span>.2.21 permits an entity <span class=\"_ _1\"></span>to elect, as a matter<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> accounting policy<span class=\"_ _0\"></span>, to continue to apply<span class=\"_ _1\"></span> the hedge accounting requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 39 in place of<span class=\"_ _1\"></span> those set out<span class=\"_ _1\"></span> in Chapter<span class=\"_ _1\"></span> 6 of IFRS 9<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he Group has made <span class=\"_ _1\"></span>this election, and the accounting policy<span class=\"_ _1\"></span> below has been de<span class=\"_ _1\"></span>termined in accordance <span class=\"_ _1\"></span>with IAS 39<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or all hedges, the Gr<span class=\"_ _1\"></span>oup documents the r<span class=\"_ _1\"></span>elationship between <span class=\"_ _1\"></span>the hedging instruments and the hedg<span class=\"_ _1\"></span>ed items at inception, as <span class=\"_ _1\"></span>well as its risk management str<span class=\"_ _1\"></span>ategy and objectiv<span class=\"_ _1\"></span>es for<span class=\"_ _1\"></span> undertaking the <span class=\"_ _1\"></span>transaction. <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup also documents its assessment, both at hedge inception and on an ongoing basis, o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>whether <span class=\"_ _1\"></span>the hedging arrangements put<span class=\"_ _1\"></span> in place are consider<span class=\"_ _1\"></span>ed to be \u2018highly<span class=\"_ _1\"></span> effectiv<span class=\"_ _1\"></span>e\u2019 as defined by<span class=\"_ _1\"></span> IAS 39<span class=\"_ _1\"></span>. F<span class=\"_ _0\"></span>or a fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value hedge, as long as <span class=\"_ _1\"></span>the hedging relationship is deemed \u2018highly<span class=\"_ _1\"></span> effectiv<span class=\"_ _1\"></span>e\u2019 and meets <span class=\"_ _1\"></span>the hedging requir<span class=\"_ _1\"></span>ements of<span class=\"_ _1\"></span> IAS 39<span class=\"_ _1\"></span>, any<span class=\"_ _1\"></span> gain or loss on <span class=\"_ _1\"></span>the hedging instrument r<span class=\"_ _1\"></span>ecognised in income can be offset against <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value loss or<span class=\"_ _1\"></span> gain arising fr<span class=\"_ _1\"></span>om the hedg<span class=\"_ _1\"></span>ed item for<span class=\"_ _1\"></span> the hedg<span class=\"_ _1\"></span>ed risk. F<span class=\"_ _0\"></span>or macro hedges (hedg<span class=\"_ _1\"></span>es of<span class=\"_ _1\"></span> interest r<span class=\"_ _1\"></span>ate risk f<span class=\"_ _1\"></span>or a portf<span class=\"_ _1\"></span>olio of loan assets or<span class=\"_ _0\"></span> retail deposit liabilities) <span class=\"_ _1\"></span>this fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue adjustment is disclosed in the balance sheet alongside <span class=\"_ _1\"></span>the hedged item, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> other hedg<span class=\"_ _1\"></span>es the adjustment is made <span class=\"_ _1\"></span>to the carrying <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the hedged asset or<span class=\"_ _1\"></span> liability<span class=\"_ _1\"></span>. Only <span class=\"_ _1\"></span>the net ineff<span class=\"_ _1\"></span>ectiveness of<span class=\"_ _1\"></span> the hedge is char<span class=\"_ _1\"></span>ged or<span class=\"_ _1\"></span> credited <span class=\"_ _1\"></span>to income. <span class=\"_ _1\"></span>Where a f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value hedg<span class=\"_ _1\"></span>e relationship is terminated, or<span class=\"_ _1\"></span> deemed ineffective, <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value adjustment is amortised o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>emaining term of<span class=\"_ _1\"></span> the underlying it<span class=\"_ _1\"></span>em.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-402": {
   "value": "(x)  <span class=\"_ _dd\"> </span>T<span class=\"_ _0\"></span>axation<span class=\"_ _393\"> </span>The charge <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> taxation r<span class=\"_ _1\"></span>epresents <span class=\"_ _1\"></span>the expected UK corpor<span class=\"_ _1\"></span>ation tax (including the Bank<span class=\"_ _1\"></span> Corporation <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>ax Surchar<span class=\"_ _1\"></span>ge wher<span class=\"_ _0\"></span>e applicable) and other income <span class=\"_ _1\"></span>taxes arising <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s profit<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>. T<span class=\"_ _1\"></span>his consists of <span class=\"_ _1\"></span>the current<span class=\"_ _1\"></span> tax which <span class=\"_ _1\"></span>will be shown in <span class=\"_ _1\"></span>tax returns for<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> and tax def<span class=\"_ _1\"></span>erred because of<span class=\"_ _1\"></span> tempor<span class=\"_ _1\"></span>ary diff<span class=\"_ _1\"></span>erences. <span class=\"_ _1\"></span>This, in gener<span class=\"_ _1\"></span>al, repr<span class=\"_ _1\"></span>esents the <span class=\"_ _1\"></span>tax impact of<span class=\"_ _1\"></span> items recor<span class=\"_ _1\"></span>ded in the current <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> but <span class=\"_ _1\"></span>which will impact <span class=\"_ _1\"></span>tax returns <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> periods other <span class=\"_ _1\"></span>than the one in <span class=\"_ _1\"></span>which the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e included in the <span class=\"_ _1\"></span>financial statements. The Group <span class=\"_ _1\"></span>will hold a pro<span class=\"_ _1\"></span>vision f<span class=\"_ _1\"></span>or any<span class=\"_ _0\"></span> uncertain tax positions at the balance sheet date based on a global assessment o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the expected amount <span class=\"_ _1\"></span>that will ultimately<span class=\"_ _1\"></span> be pay<span class=\"_ _1\"></span>able.<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>ax r<span class=\"_ _1\"></span>elating to items <span class=\"_ _1\"></span>taken dir<span class=\"_ _1\"></span>ectly <span class=\"_ _1\"></span>to equity<span class=\"_ _1\"></span> is also tak<span class=\"_ _1\"></span>en directly<span class=\"_ _1\"></span> to equity<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>(y)  <span class=\"_ _b2\"> </span>Deferred taxation Deferr<span class=\"_ _1\"></span>ed taxation is pr<span class=\"_ _1\"></span>ovided in full on <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ences that r<span class=\"_ _1\"></span>esult in an obligation at <span class=\"_ _1\"></span>the balance sheet date <span class=\"_ _1\"></span>to pay<span class=\"_ _1\"></span> more <span class=\"_ _1\"></span>tax, or a right to pa<span class=\"_ _1\"></span>y less <span class=\"_ _1\"></span>tax, at a futur<span class=\"_ _1\"></span>e date, at rates e<span class=\"_ _1\"></span>xpected to apply<span class=\"_ _1\"></span> when <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> crystallise based on curr<span class=\"_ _1\"></span>ent tax r<span class=\"_ _1\"></span>ates and law<span class=\"_ _1\"></span>. Deferr<span class=\"_ _1\"></span>ed tax assets are r<span class=\"_ _1\"></span>ecognised t<span class=\"_ _1\"></span>o the extent <span class=\"_ _1\"></span>that it is r<span class=\"_ _1\"></span>egarded as pr<span class=\"_ _1\"></span>obable that<span class=\"_ _1\"></span> they<span class=\"_ _0\"></span> will be recov<span class=\"_ _1\"></span>ered. <span class=\"_ _0\"></span>As required by<span class=\"_ _1\"></span> IAS 12 \u2013 \u2018Income T<span class=\"_ _0\"></span>ax<span class=\"_ _1\"></span>es\u2019<span class=\"_ _e\"></span>, deferred <span class=\"_ _1\"></span>tax assets and liabilities are no<span class=\"_ _1\"></span>t discounted t<span class=\"_ _1\"></span>o tak<span class=\"_ _1\"></span>e account of <span class=\"_ _1\"></span>the expected <span class=\"_ _1\"></span>timing of r<span class=\"_ _0\"></span>ealisation.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "(y)  <span class=\"_ _b2\"> </span>Deferred taxation Deferr<span class=\"_ _1\"></span>ed taxation is pr<span class=\"_ _1\"></span>ovided in full on <span class=\"_ _1\"></span>temporary<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ences that r<span class=\"_ _1\"></span>esult in an obligation at <span class=\"_ _1\"></span>the balance sheet date <span class=\"_ _1\"></span>to pay<span class=\"_ _1\"></span> more <span class=\"_ _1\"></span>tax, or a right to pa<span class=\"_ _1\"></span>y less <span class=\"_ _1\"></span>tax, at a futur<span class=\"_ _1\"></span>e date, at rates e<span class=\"_ _1\"></span>xpected to apply<span class=\"_ _1\"></span> when <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> crystallise based on curr<span class=\"_ _1\"></span>ent tax r<span class=\"_ _1\"></span>ates and law<span class=\"_ _1\"></span>. Deferr<span class=\"_ _1\"></span>ed tax assets are r<span class=\"_ _1\"></span>ecognised t<span class=\"_ _1\"></span>o the extent <span class=\"_ _1\"></span>that it is r<span class=\"_ _1\"></span>egarded as pr<span class=\"_ _1\"></span>obable that<span class=\"_ _1\"></span> they<span class=\"_ _0\"></span> will be recov<span class=\"_ _1\"></span>ered. <span class=\"_ _0\"></span>As required by<span class=\"_ _1\"></span> IAS 12 \u2013 \u2018Income T<span class=\"_ _0\"></span>ax<span class=\"_ _1\"></span>es\u2019<span class=\"_ _e\"></span>, deferred <span class=\"_ _1\"></span>tax assets and liabilities are no<span class=\"_ _1\"></span>t discounted t<span class=\"_ _1\"></span>o tak<span class=\"_ _1\"></span>e account of <span class=\"_ _1\"></span>the expected <span class=\"_ _1\"></span>timing of r<span class=\"_ _0\"></span>ealisation.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-403": {
   "value": "(z)  <span class=\"_ _b4\"> </span>Retirement benefit obligations The expected cost o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>oviding pensions <span class=\"_ _1\"></span>within the funded de<span class=\"_ _1\"></span>fined benefit scheme, determined on <span class=\"_ _1\"></span>the basis of annual <span class=\"_ _1\"></span>valuations b<span class=\"_ _1\"></span>y prof<span class=\"_ _1\"></span>essionally qualified actuaries using <span class=\"_ _1\"></span>the projected unit<span class=\"_ _1\"></span> method, is charged <span class=\"_ _1\"></span>to the statement<span class=\"_ _1\"></span> of pr<span class=\"_ _1\"></span>ofit or<span class=\"_ _1\"></span> loss. <span class=\"_ _1\"></span>Actuarial gains and losses are r<span class=\"_ _1\"></span>ecognised in full in <span class=\"_ _1\"></span>the period in which <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> occur and do not<span class=\"_ _1\"></span> form part o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the result <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the period, being r<span class=\"_ _1\"></span>ecognised in the Statement of<span class=\"_ _1\"></span> Comprehensiv<span class=\"_ _1\"></span>e Income.<span class=\"_ _393\"> </span>The re<span class=\"_ _1\"></span>tirement benefit<span class=\"_ _1\"></span> obligation asset r<span class=\"_ _1\"></span>ecognised in the balance sheet r<span class=\"_ _1\"></span>epresents <span class=\"_ _1\"></span>the ex<span class=\"_ _1\"></span>cess of <span class=\"_ _1\"></span>the fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the scheme assets over<span class=\"_ _0\"></span> the present <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the defined bene<span class=\"_ _1\"></span>fit obligation. The expected <span class=\"_ _1\"></span>finance income fr<span class=\"_ _1\"></span>om the surplus, as estimated at <span class=\"_ _1\"></span>the beginning of <span class=\"_ _1\"></span>the period, is recognised in <span class=\"_ _1\"></span>the r<span class=\"_ _1\"></span>esult for<span class=\"_ _1\"></span> the period within interest r<span class=\"_ _0\"></span>eceivable. Any<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>variances against <span class=\"_ _1\"></span>the estimated amount in <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear <span class=\"_ _1\"></span>form part of<span class=\"_ _1\"></span> the actuarial gain or<span class=\"_ _0\"></span> loss.<span class=\"_ _393\"> </span>The charge <span class=\"_ _1\"></span>to the income stat<span class=\"_ _1\"></span>ement for<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oviding pensions under<span class=\"_ _1\"></span> defined contribution pension schemes is equal to <span class=\"_ _1\"></span>the contributions payable t<span class=\"_ _1\"></span>o such <span class=\"_ _2\"></span>schemes for<span class=\"_ _1\"></span> the year<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-404": {
   "value": "(aa<span class=\"_ _1\"></span>) Re<span class=\"_ _1\"></span>venue<span class=\"_ _393\"> </span>The re<span class=\"_ _1\"></span>venue o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Group comprises inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>eceivable and similar<span class=\"_ _1\"></span> charges, operating lease income and o<span class=\"_ _1\"></span>ther income. <span class=\"_ _1\"></span>The accounting policy<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>ecognition of<span class=\"_ _1\"></span> each element of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>venue is described separately<span class=\"_ _1\"></span> within <span class=\"_ _1\"></span>these accounting policies.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-406": {
   "value": "(bb) <span class=\"_ _5\"> </span>Other income<span class=\"_ _393\"> </span>Other income, <span class=\"_ _1\"></span>which is accounted f<span class=\"_ _1\"></span>or in accor<span class=\"_ _1\"></span>dance with IFRS 15, includes:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>E<span class=\"_ _1\"></span>vent-based administration <span class=\"_ _1\"></span>fees charg<span class=\"_ _1\"></span>ed to borr<span class=\"_ _1\"></span>owers (<span class=\"_ _0\"></span>other than <span class=\"_ _1\"></span>the initial fees included in amortised cost), <span class=\"_ _1\"></span>which are cr<span class=\"_ _0\"></span>edited when the r<span class=\"_ _1\"></span>elated service is performed<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Commissions receiv<span class=\"_ _1\"></span>able on the sale o<span class=\"_ _1\"></span>f insurances, as ag<span class=\"_ _1\"></span>ent of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>third-party<span class=\"_ _1\"></span> insurer<span class=\"_ _0\"></span>, which ar<span class=\"_ _1\"></span>e tak<span class=\"_ _1\"></span>en to pr<span class=\"_ _1\"></span>ofit at <span class=\"_ _1\"></span>the point at which the Group becomes unconditionally<span class=\"_ _1\"></span> entitled to <span class=\"_ _1\"></span>the income<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Maintenance income, charg<span class=\"_ _1\"></span>ed as part of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s contract hir<span class=\"_ _1\"></span>e arrangements, <span class=\"_ _1\"></span>which is recognised as <span class=\"_ _1\"></span>the services are pr<span class=\"_ _1\"></span>ovided. Costs of <span class=\"_ _1\"></span>these services are deduct<span class=\"_ _1\"></span>ed in other income<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Brok<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span> fees r<span class=\"_ _1\"></span>eceivable on <span class=\"_ _1\"></span>the arrangement o<span class=\"_ _1\"></span>f loans <span class=\"_ _1\"></span>funded by<span class=\"_ _1\"></span> thir<span class=\"_ _1\"></span>d parties, on an agency<span class=\"_ _1\"></span> basis, which ar<span class=\"_ _1\"></span>e tak<span class=\"_ _1\"></span>en to pr<span class=\"_ _1\"></span>ofit at <span class=\"_ _1\"></span>the point of<span class=\"_ _1\"></span> completion of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated loan<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "paragonbankingplc:DescriptionOfAccountingPolicyForOtherIncome",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "(bb) <span class=\"_ _5\"> </span>Other income<span class=\"_ _393\"> </span>Other income, <span class=\"_ _1\"></span>which is accounted f<span class=\"_ _1\"></span>or in accor<span class=\"_ _1\"></span>dance with IFRS 15, includes:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>E<span class=\"_ _1\"></span>vent-based administration <span class=\"_ _1\"></span>fees charg<span class=\"_ _1\"></span>ed to borr<span class=\"_ _1\"></span>owers (<span class=\"_ _0\"></span>other than <span class=\"_ _1\"></span>the initial fees included in amortised cost), <span class=\"_ _1\"></span>which are cr<span class=\"_ _0\"></span>edited when the r<span class=\"_ _1\"></span>elated service is performed<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Commissions receiv<span class=\"_ _1\"></span>able on the sale o<span class=\"_ _1\"></span>f insurances, as ag<span class=\"_ _1\"></span>ent of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>third-party<span class=\"_ _1\"></span> insurer<span class=\"_ _0\"></span>, which ar<span class=\"_ _1\"></span>e tak<span class=\"_ _1\"></span>en to pr<span class=\"_ _1\"></span>ofit at <span class=\"_ _1\"></span>the point at which the Group becomes unconditionally<span class=\"_ _1\"></span> entitled to <span class=\"_ _1\"></span>the income<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Maintenance income, charg<span class=\"_ _1\"></span>ed as part of <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s contract hir<span class=\"_ _1\"></span>e arrangements, <span class=\"_ _1\"></span>which is recognised as <span class=\"_ _1\"></span>the services are pr<span class=\"_ _1\"></span>ovided. Costs of <span class=\"_ _1\"></span>these services are deduct<span class=\"_ _1\"></span>ed in other income<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Brok<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span> fees r<span class=\"_ _1\"></span>eceivable on <span class=\"_ _1\"></span>the arrangement o<span class=\"_ _1\"></span>f loans <span class=\"_ _1\"></span>funded by<span class=\"_ _1\"></span> thir<span class=\"_ _1\"></span>d parties, on an agency<span class=\"_ _1\"></span> basis, which ar<span class=\"_ _1\"></span>e tak<span class=\"_ _1\"></span>en to pr<span class=\"_ _1\"></span>ofit at <span class=\"_ _1\"></span>the point of<span class=\"_ _1\"></span> completion of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated loan<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-407": {
   "value": "(dd) Dividends<span class=\"_ _393\"> </span>In accordance <span class=\"_ _1\"></span>with IAS 10 \u2013 \u2018E<span class=\"_ _1\"></span>vents after<span class=\"_ _1\"></span> the balance shee<span class=\"_ _1\"></span>t date\u2019<span class=\"_ _14\"></span>, dividends payable on ordinary<span class=\"_ _1\"></span> shares ar<span class=\"_ _1\"></span>e recognised in equity<span class=\"_ _1\"></span> once they<span class=\"_ _1\"></span> are appr<span class=\"_ _1\"></span>opriately<span class=\"_ _1\"></span> authorised and are no longer<span class=\"_ _0\"></span> at the discretion of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>. Dividends declared aft<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the balance sheet date, but befor<span class=\"_ _1\"></span>e the authorisation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the financial statements r<span class=\"_ _1\"></span>emain within shar<span class=\"_ _1\"></span>eholders\u2019 <span class=\"_ _1\"></span>funds. Howe<span class=\"_ _1\"></span>ver<span class=\"_ _0\"></span>, such dividends are deducted <span class=\"_ _1\"></span>from r<span class=\"_ _1\"></span>egulatory capital <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the point at <span class=\"_ _1\"></span>which the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e announced, and capital disclosures ar<span class=\"_ _1\"></span>e prepar<span class=\"_ _1\"></span>ed on this basis.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "(ee<span class=\"_ _0\"></span>) <span class=\"_ _b7\"> </span>For<span class=\"_ _1\"></span>eign currency<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>oreign currency<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>ansactions, assets and liabilities are accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> in accordance <span class=\"_ _1\"></span>with IAS 21 \u2013 \u2018The E<span class=\"_ _1\"></span>ffects of<span class=\"_ _1\"></span> Changes in F<span class=\"_ _0\"></span>oreign Exchange Rat<span class=\"_ _1\"></span>es\u2019<span class=\"_ _e\"></span>. The <span class=\"_ _1\"></span>functional currenc<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, and all the o<span class=\"_ _1\"></span>ther entities in <span class=\"_ _1\"></span>the Group, is <span class=\"_ _1\"></span>the pound sterling. <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>ransactions which are not<span class=\"_ _1\"></span> denominated in sterling are <span class=\"_ _1\"></span>translated into sterling at<span class=\"_ _1\"></span> the spot r<span class=\"_ _1\"></span>ate of e<span class=\"_ _1\"></span>xchange on <span class=\"_ _1\"></span>the date of<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>ansaction. Monetary assets and liabilities which ar<span class=\"_ _1\"></span>e not denominated in sterling ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>anslated at the closing r<span class=\"_ _1\"></span>ate on the balance sheet dat<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span>Gains and losses on retr<span class=\"_ _1\"></span>anslation are included in inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able or inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>eceivable depending on <span class=\"_ _1\"></span>whether <span class=\"_ _1\"></span>the underlying instrument is an asset or<span class=\"_ _1\"></span> a liability<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-405": {
   "value": "(ee<span class=\"_ _0\"></span>) <span class=\"_ _b7\"> </span>For<span class=\"_ _1\"></span>eign currency<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>oreign currency<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>ansactions, assets and liabilities are accounted <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> in accordance <span class=\"_ _1\"></span>with IAS 21 \u2013 \u2018The E<span class=\"_ _1\"></span>ffects of<span class=\"_ _1\"></span> Changes in F<span class=\"_ _0\"></span>oreign Exchange Rat<span class=\"_ _1\"></span>es\u2019<span class=\"_ _e\"></span>. The <span class=\"_ _1\"></span>functional currenc<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>, and all the o<span class=\"_ _1\"></span>ther entities in <span class=\"_ _1\"></span>the Group, is <span class=\"_ _1\"></span>the pound sterling. <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>ransactions which are not<span class=\"_ _1\"></span> denominated in sterling are <span class=\"_ _1\"></span>translated into sterling at<span class=\"_ _1\"></span> the spot r<span class=\"_ _1\"></span>ate of e<span class=\"_ _1\"></span>xchange on <span class=\"_ _1\"></span>the date of<span class=\"_ _1\"></span> tr<span class=\"_ _1\"></span>ansaction. Monetary assets and liabilities which ar<span class=\"_ _1\"></span>e not denominated in sterling ar<span class=\"_ _1\"></span>e tr<span class=\"_ _1\"></span>anslated at the closing r<span class=\"_ _1\"></span>ate on the balance sheet dat<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span>Gains and losses on retr<span class=\"_ _1\"></span>anslation are included in inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able or inter<span class=\"_ _1\"></span>est r<span class=\"_ _1\"></span>eceivable depending on <span class=\"_ _1\"></span>whether <span class=\"_ _1\"></span>the underlying instrument is an asset or<span class=\"_ _1\"></span> a liability<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-408": {
   "value": "(ff) <span class=\"_ _b2\"> </span>Segmental reporting<span class=\"_ _393\"> </span>The accounting policies of<span class=\"_ _1\"></span> the segments ar<span class=\"_ _1\"></span>e the same as <span class=\"_ _1\"></span>those described above <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup as a whole. Inter<span class=\"_ _1\"></span>est pay<span class=\"_ _1\"></span>able by<span class=\"_ _1\"></span> each segment includes directly<span class=\"_ _1\"></span> attributable funding and <span class=\"_ _1\"></span>the allocated cost of<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>tail deposit funds utilised. <span class=\"_ _1\"></span>Attributable hedging <span class=\"_ _1\"></span>transactions are also included in segment r<span class=\"_ _1\"></span>esults. Costs attributed <span class=\"_ _1\"></span>to each segment repr<span class=\"_ _1\"></span>esent the dir<span class=\"_ _0\"></span>ect costs incurred by<span class=\"_ _1\"></span> the segment operations.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-409": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gsa19\">64. <span class=\"_ _33\"></span>Critical accounting judgements<span class=\"_ _393\"> </span></div><div class=\"t m8 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa1a\">The most significant judgements <span class=\"_ _1\"></span>which the dir<span class=\"_ _1\"></span>ectors hav<span class=\"_ _1\"></span>e made in the application o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the accounting policies set out in note 63 r<span class=\"_ _1\"></span>elate t<span class=\"_ _1\"></span>o:<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsa1b\">(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Significant Increase in Credit Risk<span class=\"_ _1\"></span> (\u2018SICR\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa1c\">Under IFRS 9<span class=\"_ _1\"></span>, the dir<span class=\"_ _1\"></span>ectors are r<span class=\"_ _0\"></span>equired to assess wher<span class=\"_ _0\"></span>e a credit obligation has suffer<span class=\"_ _1\"></span>ed a Significant Increase in Cr<span class=\"_ _1\"></span>edit Risk (\u2018SICR\u2019). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa1d\">The direct<span class=\"_ _1\"></span>ors\u2019 assessment is based primarily<span class=\"_ _1\"></span> on changes in <span class=\"_ _1\"></span>the calculated PD, but<span class=\"_ _1\"></span> also includes consideration of<span class=\"_ _1\"></span> other qualitativ<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa1e\">indicators and the adop<span class=\"_ _1\"></span>tion of <span class=\"_ _1\"></span>the backstop assumption in <span class=\"_ _1\"></span>the Standard <span class=\"_ _1\"></span>that all cases which ar<span class=\"_ _1\"></span>e mor<span class=\"_ _1\"></span>e than 30 day<span class=\"_ _1\"></span>s ov<span class=\"_ _1\"></span>erdue hav<span class=\"_ _1\"></span>e an </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa1f\">SICR, for<span class=\"_ _1\"></span> account <span class=\"_ _1\"></span>types wher<span class=\"_ _1\"></span>e days o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>due is an appropriate measur<span class=\"_ _1\"></span>e.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa20\">As part of<span class=\"_ _1\"></span> its consideration of<span class=\"_ _1\"></span> the adequacy<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> its impairment pro<span class=\"_ _1\"></span>visioning, management<span class=\"_ _1\"></span> have consider<span class=\"_ _1\"></span>ed whether<span class=\"_ _1\"></span> ther<span class=\"_ _1\"></span>e ar<span class=\"_ _1\"></span>e any </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa21\">factors not r<span class=\"_ _1\"></span>eflected in its normal appr<span class=\"_ _1\"></span>oach which indicate <span class=\"_ _1\"></span>that any<span class=\"_ _1\"></span> group<span class=\"_ _1\"></span>, or gr<span class=\"_ _1\"></span>oups, of<span class=\"_ _1\"></span> accounts should be considered as having an </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa22\">SICR. No such accounts wer<span class=\"_ _0\"></span>e identified.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa23\">If additional accounts <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e determined to ha<span class=\"_ _1\"></span>ve an SICR, <span class=\"_ _1\"></span>these balances would attr<span class=\"_ _1\"></span>act additional impairment pro<span class=\"_ _1\"></span>vision, as such cases </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa24\">are pr<span class=\"_ _1\"></span>ovided on <span class=\"_ _1\"></span>the basis of lif<span class=\"_ _1\"></span>etime expected loss, rather<span class=\"_ _0\"></span> the 12-month expected loss, and <span class=\"_ _1\"></span>the ov<span class=\"_ _1\"></span>erall pro<span class=\"_ _1\"></span>vision charge <span class=\"_ _1\"></span>would be </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa25\">higher<span class=\"_ _0\"></span>. Conversely<span class=\"_ _0\"></span>, if cases are incorr<span class=\"_ _1\"></span>ectly identified as SICR, impairment pr<span class=\"_ _1\"></span>ovisions <span class=\"_ _1\"></span>will be ov<span class=\"_ _1\"></span>erstated. F<span class=\"_ _1\"></span>urthermore, adjustments <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa26\">current PD estimates in <span class=\"_ _1\"></span>the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s models may<span class=\"_ _1\"></span> also have <span class=\"_ _1\"></span>the effect o<span class=\"_ _1\"></span>f identifying mor<span class=\"_ _1\"></span>e or less accounts as ha<span class=\"_ _1\"></span>ving an SICR.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa27\">More inf<span class=\"_ _1\"></span>ormation on the definition of<span class=\"_ _1\"></span> SICR adopted is giv<span class=\"_ _1\"></span>en in note 19<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsa28\">(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Definition of def<span class=\"_ _1\"></span>ault<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa29\">In applying the impairment pr<span class=\"_ _1\"></span>ovisions of<span class=\"_ _1\"></span> IFRS 9, <span class=\"_ _1\"></span>the direct<span class=\"_ _1\"></span>ors have used models <span class=\"_ _1\"></span>to derive <span class=\"_ _1\"></span>the probabilities o<span class=\"_ _1\"></span>f default. In or<span class=\"_ _1\"></span>der<span class=\"_ _1\"></span> to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa2a\">derive and apply<span class=\"_ _1\"></span> such models, it is requir<span class=\"_ _1\"></span>ed to de<span class=\"_ _1\"></span>fine \u2018de<span class=\"_ _1\"></span>fault\u2019 for<span class=\"_ _1\"></span> this purpose. <span class=\"_ _0\"></span>The Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s definition of default is aligned <span class=\"_ _1\"></span>to its </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa2b\">internal operational pr<span class=\"_ _1\"></span>ocedures. IFRS 9 pro<span class=\"_ _1\"></span>vides a rebuttable pr<span class=\"_ _1\"></span>esumption of<span class=\"_ _1\"></span> default <span class=\"_ _1\"></span>when an account is 90 day<span class=\"_ _1\"></span>s over<span class=\"_ _1\"></span>due, and this </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa2c\">was used as <span class=\"_ _1\"></span>the starting point for<span class=\"_ _1\"></span> this e<span class=\"_ _1\"></span>xer<span class=\"_ _1\"></span>cise. Other <span class=\"_ _1\"></span>factors include account manag<span class=\"_ _1\"></span>ement activities such as appointment of<span class=\"_ _1\"></span> a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa2d\">receiv<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, internal grading processes or<span class=\"_ _1\"></span> enforcement pr<span class=\"_ _0\"></span>ocedures.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa2e\">A combination o<span class=\"_ _1\"></span>f qualitativ<span class=\"_ _1\"></span>e and quantitative measur<span class=\"_ _1\"></span>es w<span class=\"_ _1\"></span>as considered in de<span class=\"_ _1\"></span>veloping the de<span class=\"_ _1\"></span>finition of def<span class=\"_ _1\"></span>ault. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa2f\">If a diff<span class=\"_ _1\"></span>erent definition o<span class=\"_ _1\"></span>f default<span class=\"_ _1\"></span> had been adopted the e<span class=\"_ _1\"></span>xpected loss amounts derived might differ<span class=\"_ _0\"></span> from those sho<span class=\"_ _1\"></span>wn in the accounts.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa30\">More inf<span class=\"_ _1\"></span>ormation on the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s definition of<span class=\"_ _1\"></span> default is giv<span class=\"_ _1\"></span>en in note 19<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsa31\">(c<span class=\"_ _0\"></span>)  <span class=\"_ _b2\"> </span>Classification of financial assets<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa32\">The classification of<span class=\"_ _1\"></span> financial assets under<span class=\"_ _1\"></span> IFRS 9 is based on two <span class=\"_ _1\"></span>factors:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa33\">\u2022 <span class=\"_ _6\"> </span>The company\u2019<span class=\"_ _0\"></span>s \u2018business model\u2019 \u2013 how<span class=\"_ _1\"></span> it intends to g<span class=\"_ _1\"></span>enerate cash and pr<span class=\"_ _1\"></span>ofit fr<span class=\"_ _1\"></span>om the asse<span class=\"_ _1\"></span>ts<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa34\">\u2022 <span class=\"_ _6\"> </span>The natur<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the contractual cash flo<span class=\"_ _1\"></span>ws inher<span class=\"_ _1\"></span>ent in the assets<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa35\">Financial assets are classified as held at<span class=\"_ _1\"></span> amortised cost, at fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue thr<span class=\"_ _1\"></span>ough OCI, or<span class=\"_ _1\"></span> at fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>value thr<span class=\"_ _0\"></span>ough profit and loss.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa36\">F<span class=\"_ _0\"></span>or an asset to be held at<span class=\"_ _1\"></span> amortised cost, the cash flo<span class=\"_ _1\"></span>ws r<span class=\"_ _1\"></span>eceived fr<span class=\"_ _1\"></span>om it must comprise solely<span class=\"_ _1\"></span> payments of<span class=\"_ _1\"></span> principal and inter<span class=\"_ _1\"></span>est </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa37\">(\u2018SPPI\u2019). In effect, <span class=\"_ _1\"></span>this restricts <span class=\"_ _1\"></span>this classification to \u2018normal\u2019 lending activities, ex<span class=\"_ _1\"></span>cluding arrangements <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the lender ma<span class=\"_ _1\"></span>y ha<span class=\"_ _1\"></span>ve a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa38\">contingent r<span class=\"_ _1\"></span>eturn or pr<span class=\"_ _1\"></span>ofit shar<span class=\"_ _1\"></span>e fr<span class=\"_ _1\"></span>om the activities <span class=\"_ _1\"></span>funded. T<span class=\"_ _1\"></span>he Group has consider<span class=\"_ _1\"></span>ed its products and concluded <span class=\"_ _1\"></span>that, as standard </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa39\">lending products, <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> fall <span class=\"_ _1\"></span>within the SPPI criteria.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa3a\">This is because all the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s lending arrangements involv<span class=\"_ _1\"></span>e the adv<span class=\"_ _1\"></span>ancing of amounts <span class=\"_ _1\"></span>to customers, either<span class=\"_ _1\"></span> as loans or<span class=\"_ _1\"></span> finance lease </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa3b\">products and <span class=\"_ _1\"></span>the receipt<span class=\"_ _1\"></span> of r<span class=\"_ _1\"></span>epayments of<span class=\"_ _1\"></span> principal and charg<span class=\"_ _1\"></span>es, wher<span class=\"_ _1\"></span>e those charg<span class=\"_ _1\"></span>es are calculated based on <span class=\"_ _1\"></span>the amount loaned. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa3c\">There ar<span class=\"_ _1\"></span>e no \u2018success <span class=\"_ _1\"></span>fee<span class=\"_ _1\"></span>\u2019 or o<span class=\"_ _1\"></span>ther compensation arrang<span class=\"_ _1\"></span>ements not link<span class=\"_ _1\"></span>ed to <span class=\"_ _1\"></span>the loan principal.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa3d\">The use of<span class=\"_ _1\"></span> amortised cost accounting is also restrict<span class=\"_ _1\"></span>ed to assets <span class=\"_ _1\"></span>which a company<span class=\"_ _1\"></span> holds within a business model <span class=\"_ _1\"></span>whose object is to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa3e\">collect cash flow<span class=\"_ _1\"></span>s arising fr<span class=\"_ _1\"></span>om them, rather<span class=\"_ _0\"></span> than seek to pr<span class=\"_ _1\"></span>ofit by<span class=\"_ _0\"></span> disposing of them (<span class=\"_ _1\"></span>a \u2018Held to Collect\u2019 model). <span class=\"_ _1\"></span>The Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s strategy </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa3f\">is to hold loan assets until <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are r<span class=\"_ _0\"></span>epaid or written off<span class=\"_ _1\"></span>. L<span class=\"_ _1\"></span>oan disposals are rar<span class=\"_ _1\"></span>e, and the Gr<span class=\"_ _1\"></span>oup does not manage its asse<span class=\"_ _1\"></span>ts in order<span class=\"_ _1\"></span> to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa40\">generate pr<span class=\"_ _1\"></span>ofits on sale. On <span class=\"_ _1\"></span>this basis, it has categorised its business model as Held <span class=\"_ _1\"></span>to Collect.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa41\">There<span class=\"_ _1\"></span>fore, <span class=\"_ _1\"></span>the Group has classified its cust<span class=\"_ _1\"></span>omer loan assets as carried at amortised cost. <span class=\"_ _0\"></span>There w<span class=\"_ _1\"></span>ere no significant chang<span class=\"_ _1\"></span>es in the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa42\">nature of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s products, nor in <span class=\"_ _1\"></span>the business models in which <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are held, during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gsa44\">65. <span class=\"_ _33\"></span>Critical accounting estimates<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa45\">Certain balances reported in <span class=\"_ _1\"></span>the financial statements ar<span class=\"_ _1\"></span>e based wholly<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> in part on estimates or assump<span class=\"_ _1\"></span>tions made by<span class=\"_ _1\"></span> the dir<span class=\"_ _1\"></span>ectors. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa46\">There is, <span class=\"_ _1\"></span>there<span class=\"_ _1\"></span>fore, a po<span class=\"_ _1\"></span>tential risk that<span class=\"_ _1\"></span> they<span class=\"_ _0\"></span> may be subject to chang<span class=\"_ _1\"></span>e in futur<span class=\"_ _1\"></span>e periods. T<span class=\"_ _1\"></span>he most important of<span class=\"_ _1\"></span> these, <span class=\"_ _1\"></span>those which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa47\">could, if r<span class=\"_ _1\"></span>evised significantly<span class=\"_ _1\"></span> in the ne<span class=\"_ _1\"></span>xt financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, have a material impact on <span class=\"_ _1\"></span>the carrying amounts of<span class=\"_ _1\"></span> assets or liabilities ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsa48\">(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Impairment losses on loans to customers<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa49\">Impairment losses for<span class=\"_ _0\"></span> the majority of<span class=\"_ _1\"></span> loans are calculated based on statistical models, applied <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>the present status, performance and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa4a\">management strategy<span class=\"_ _0\"></span> for <span class=\"_ _1\"></span>the loans concerned, which ar<span class=\"_ _1\"></span>e used to determine each loan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s PD and L<span class=\"_ _1\"></span>GD.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa4b\">Internal information used <span class=\"_ _1\"></span>will include number of<span class=\"_ _1\"></span> months arr<span class=\"_ _1\"></span>ears, qualitative information, such as possession b<span class=\"_ _1\"></span>y a <span class=\"_ _1\"></span>first charg<span class=\"_ _1\"></span>e holder </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa4c\">on a second charge mortgag<span class=\"_ _1\"></span>e or<span class=\"_ _0\"></span>, where a buy-<span class=\"_ _1\"></span>to-let case is under<span class=\"_ _1\"></span> the contr<span class=\"_ _1\"></span>ol of a r<span class=\"_ _0\"></span>eceiver of<span class=\"_ _1\"></span> rent, <span class=\"_ _1\"></span>the receiv<span class=\"_ _1\"></span>er\u2019<span class=\"_ _0\"></span>s present and likely<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa4d\">future strat<span class=\"_ _1\"></span>egy <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the property<span class=\"_ _0\"></span> (which might include keeping curr<span class=\"_ _1\"></span>ent tenants in place, r<span class=\"_ _0\"></span>efurbish and relet, immediate sale, etc<span class=\"_ _1\"></span>). </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa4e\">External information used includes customer<span class=\"_ _1\"></span> specific data, such as credit<span class=\"_ _1\"></span> bureau information as <span class=\"_ _1\"></span>well as mor<span class=\"_ _1\"></span>e general economic data.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa4f\">Ke<span class=\"_ _1\"></span>y internal assump<span class=\"_ _1\"></span>tions in the models r<span class=\"_ _1\"></span>elate to estimates o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>future cash flo<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>from customers<span class=\"_ _1\"></span>\u2019 accounts, their<span class=\"_ _1\"></span> timing and, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa50\">secured accounts, <span class=\"_ _1\"></span>the expected pr<span class=\"_ _1\"></span>oceeds from <span class=\"_ _1\"></span>the r<span class=\"_ _1\"></span>ealisation of <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> other char<span class=\"_ _1\"></span>ged assets. <span class=\"_ _1\"></span>These cash flo<span class=\"_ _1\"></span>ws will include </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa51\">payments r<span class=\"_ _1\"></span>eceived fr<span class=\"_ _1\"></span>om the customer<span class=\"_ _0\"></span>, and, for<span class=\"_ _0\"></span> buy-to-let cases wher<span class=\"_ _1\"></span>e a receiv<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span> of r<span class=\"_ _1\"></span>ent is appointed, r<span class=\"_ _1\"></span>ental receipts <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>tenants, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa52\">after allo<span class=\"_ _1\"></span>wing for<span class=\"_ _0\"></span> void periods and running costs. <span class=\"_ _1\"></span>These ke<span class=\"_ _1\"></span>y assump<span class=\"_ _1\"></span>tions are based on observ<span class=\"_ _1\"></span>ed data from hist<span class=\"_ _1\"></span>orical patterns and are </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa53\">updated regularly<span class=\"_ _1\"></span> based on new<span class=\"_ _1\"></span> data as it becomes av<span class=\"_ _1\"></span>ailable. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa54\">In addition, the dir<span class=\"_ _1\"></span>ectors consider<span class=\"_ _1\"></span> how appr<span class=\"_ _1\"></span>opriate past <span class=\"_ _1\"></span>trends and patterns might be in <span class=\"_ _1\"></span>the curr<span class=\"_ _1\"></span>ent economic situation and make any<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa55\">adjustments the<span class=\"_ _1\"></span>y belie<span class=\"_ _1\"></span>ve ar<span class=\"_ _1\"></span>e necessary <span class=\"_ _1\"></span>to re<span class=\"_ _1\"></span>flect current and e<span class=\"_ _1\"></span>xpected conditions.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa56\">In ev<span class=\"_ _1\"></span>aluating the potential impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the economic situation at 30 September<span class=\"_ _1\"></span> 2025 ther<span class=\"_ _1\"></span>e is little recent<span class=\"_ _1\"></span> history ag<span class=\"_ _1\"></span>ainst which <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa57\">benchmark likely<span class=\"_ _0\"></span> customer behaviour<span class=\"_ _0\"></span>. The UK base r<span class=\"_ _1\"></span>ate stood at 5.25% <span class=\"_ _1\"></span>throughout much of<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>eceding financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa58\">30 September<span class=\"_ _1\"></span> 2024, having risen r<span class=\"_ _1\"></span>apidly <span class=\"_ _1\"></span>to that le<span class=\"_ _1\"></span>vel. <span class=\"_ _1\"></span>This le<span class=\"_ _1\"></span>vel had not pr<span class=\"_ _1\"></span>eviously<span class=\"_ _0\"></span> been reached since April 2008, and <span class=\"_ _1\"></span>the base rate </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa59\">has fallen back only<span class=\"_ _1\"></span> slowly<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om that point, r<span class=\"_ _1\"></span>emaining significantly<span class=\"_ _1\"></span> higher <span class=\"_ _1\"></span>than its lev<span class=\"_ _1\"></span>el between 2009 and 2022. <span class=\"_ _1\"></span>There ha<span class=\"_ _1\"></span>ve also been </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa5a\">significant regulatory<span class=\"_ _0\"></span> interventions and changes in product structur<span class=\"_ _1\"></span>es in that<span class=\"_ _1\"></span> period, including the gr<span class=\"_ _1\"></span>owth in longer<span class=\"_ _0\"></span>-term fixed-rat<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa5b\">mortgage lending in r<span class=\"_ _1\"></span>ecent y<span class=\"_ _1\"></span>ears. <span class=\"_ _1\"></span>All these <span class=\"_ _1\"></span>factors mak<span class=\"_ _1\"></span>e the historical r<span class=\"_ _1\"></span>ecord of<span class=\"_ _1\"></span> behaviours in higher<span class=\"_ _0\"></span> interest rate envir<span class=\"_ _1\"></span>onments an </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa5c\">uncertain guide to <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> impact of<span class=\"_ _1\"></span> current r<span class=\"_ _1\"></span>ate lev<span class=\"_ _1\"></span>els.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa5d\">There also r<span class=\"_ _1\"></span>emains an ele<span class=\"_ _1\"></span>vated degr<span class=\"_ _1\"></span>ee of uncertainty<span class=\"_ _0\"></span> over <span class=\"_ _1\"></span>the direction o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the UK economy<span class=\"_ _0\"></span>. The UK Go<span class=\"_ _1\"></span>vernment\u2019<span class=\"_ _0\"></span>s October 202<span class=\"_ _1\"></span>4 </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa5e\">budget contained significant <span class=\"_ _1\"></span>fiscal measures <span class=\"_ _1\"></span>which came into f<span class=\"_ _1\"></span>orce during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. These might plausibly<span class=\"_ _1\"></span> impact the economy<span class=\"_ _1\"></span> in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa5f\">a number o<span class=\"_ _1\"></span>f differ<span class=\"_ _1\"></span>ent <span class=\"_ _1\"></span>way<span class=\"_ _1\"></span>s and it remains <span class=\"_ _1\"></span>too early<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>edict their<span class=\"_ _1\"></span> ultimate impact. <span class=\"_ _1\"></span>At <span class=\"_ _1\"></span>the same time, <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>el to <span class=\"_ _1\"></span>which existing </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa60\">economic pressur<span class=\"_ _1\"></span>es on customers hav<span class=\"_ _1\"></span>e y<span class=\"_ _1\"></span>et t<span class=\"_ _1\"></span>o manifest themselv<span class=\"_ _1\"></span>es in credit<span class=\"_ _1\"></span> metrics is still unclear<span class=\"_ _0\"></span>, with credit performance acr<span class=\"_ _0\"></span>oss </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa61\">the markets in <span class=\"_ _1\"></span>which the Gr<span class=\"_ _1\"></span>oup is active being bett<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>than some expected ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the past tw<span class=\"_ _1\"></span>o y<span class=\"_ _1\"></span>ears. How<span class=\"_ _1\"></span>ever<span class=\"_ _0\"></span>, considerable uncertainty<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa62\">exists as to <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> this r<span class=\"_ _1\"></span>epresents a mor<span class=\"_ _1\"></span>e benign outcome, or<span class=\"_ _1\"></span> merely<span class=\"_ _1\"></span> a delay<span class=\"_ _1\"></span> in credit issues emer<span class=\"_ _1\"></span>ging beyond <span class=\"_ _1\"></span>what w<span class=\"_ _1\"></span>as anticipated. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa63\">T<span class=\"_ _0\"></span>oge<span class=\"_ _1\"></span>ther<span class=\"_ _0\"></span>, these factors mak<span class=\"_ _1\"></span>e for<span class=\"_ _1\"></span>ecasting credit<span class=\"_ _1\"></span> behaviour in curr<span class=\"_ _0\"></span>ent conditions challenging. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa64\">The accuracy<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the impairment calculations <span class=\"_ _1\"></span>would be aff<span class=\"_ _1\"></span>ected by<span class=\"_ _1\"></span> unexpected changes <span class=\"_ _1\"></span>to the economic situation, <span class=\"_ _1\"></span>variances betw<span class=\"_ _1\"></span>een </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa65\">the models used and the actual r<span class=\"_ _1\"></span>esults, or assump<span class=\"_ _1\"></span>tions which differ<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om the actual outcomes. In particular<span class=\"_ _0\"></span>, if <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> economic </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa66\">factors such as employment<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els on customers is w<span class=\"_ _1\"></span>orse than is implicit in <span class=\"_ _1\"></span>the model, then <span class=\"_ _1\"></span>the number o<span class=\"_ _1\"></span>f accounts r<span class=\"_ _1\"></span>equiring </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa67\">pro<span class=\"_ _1\"></span>vision might be greater<span class=\"_ _0\"></span> than suggested by<span class=\"_ _1\"></span> the model, <span class=\"_ _1\"></span>while falls in house prices, o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> and above an<span class=\"_ _1\"></span>y assumed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the models might </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa68\">increase <span class=\"_ _1\"></span>the pro<span class=\"_ _1\"></span>vision requir<span class=\"_ _1\"></span>ed in respect o<span class=\"_ _1\"></span>f accounts curr<span class=\"_ _1\"></span>ently pr<span class=\"_ _1\"></span>ovided. Similarly<span class=\"_ _0\"></span>, if the account<span class=\"_ _1\"></span> management appr<span class=\"_ _1\"></span>oach assumed in </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa69\">the modelling cannot be adopted <span class=\"_ _1\"></span>the pro<span class=\"_ _1\"></span>vision requir<span class=\"_ _1\"></span>ed may<span class=\"_ _1\"></span> be differ<span class=\"_ _1\"></span>ent.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa6a\">In order<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>ovide <span class=\"_ _1\"></span>forwar<span class=\"_ _1\"></span>d-looking economic inputs t<span class=\"_ _1\"></span>o the modelling of<span class=\"_ _1\"></span> the E<span class=\"_ _1\"></span>CL, the Gr<span class=\"_ _1\"></span>oup must derive a set<span class=\"_ _1\"></span> of scenarios <span class=\"_ _1\"></span>which are </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa6b\">internally coher<span class=\"_ _1\"></span>ent. <span class=\"_ _1\"></span>The Group addr<span class=\"_ _1\"></span>esses these r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ements using four<span class=\"_ _1\"></span> distinct economic scenarios chosen t<span class=\"_ _1\"></span>o repr<span class=\"_ _1\"></span>esent the rang<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa6c\">of possible out<span class=\"_ _1\"></span>comes. T<span class=\"_ _1\"></span>hese scenarios at 30 September<span class=\"_ _1\"></span> 2025 have been deriv<span class=\"_ _1\"></span>ed in light of<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent economic situation modelling </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa6d\">a v<span class=\"_ _1\"></span>ariety o<span class=\"_ _1\"></span>f possible outcomes as described in no<span class=\"_ _1\"></span>te 22. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa6e\">As noted abov<span class=\"_ _1\"></span>e, ther<span class=\"_ _1\"></span>e remains a significant r<span class=\"_ _1\"></span>ange of<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent opinions amongst economists about <span class=\"_ _1\"></span>the longer<span class=\"_ _1\"></span>-term pr<span class=\"_ _1\"></span>ospects for<span class=\"_ _0\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa6f\">UK. While some con<span class=\"_ _1\"></span>vergence o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>s on the central case has <span class=\"_ _1\"></span>taken place o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> recent months, <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> deviation of<span class=\"_ _1\"></span> alternative </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa70\">potential scenarios fr<span class=\"_ _1\"></span>om this position r<span class=\"_ _1\"></span>emains significant, with <span class=\"_ _1\"></span>the medium-term uncertainty<span class=\"_ _1\"></span> ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the direction and impact o<span class=\"_ _1\"></span>f UK<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa71\">economic policy<span class=\"_ _1\"></span> adding inherent complexity<span class=\"_ _0\"></span> to any <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecasting exer<span class=\"_ _1\"></span>cise.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa72\">The v<span class=\"_ _1\"></span>ariables are used <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> tw<span class=\"_ _1\"></span>o purposes in the IFRS 9 calculations:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa73\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e applied as inputs in the models <span class=\"_ _1\"></span>which generate PD <span class=\"_ _1\"></span>values, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>those found b<span class=\"_ _1\"></span>y statistical analy<span class=\"_ _1\"></span>sis to ha<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>the most </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa74\">predictiv<span class=\"_ _1\"></span>e v<span class=\"_ _1\"></span>alue are used<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa75\">\u2022 <span class=\"_ _6\"> </span>The<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e used as part of<span class=\"_ _1\"></span> the calculation <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>ariable has a direct impact on <span class=\"_ _1\"></span>the expected loss calculation, such as <span class=\"_ _1\"></span>the HPI<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa76\">The economic v<span class=\"_ _1\"></span>ariables will also inf<span class=\"_ _1\"></span>orm assumptions about the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s approach to account manag<span class=\"_ _1\"></span>ement given a particular<span class=\"_ _1\"></span> scenario.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa77\">In addition to uncertainty<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esented by<span class=\"_ _0\"></span> the economic scenarios, the Group r<span class=\"_ _1\"></span>ecognises that<span class=\"_ _1\"></span> economic situations can arise which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa78\">lie outside the rang<span class=\"_ _1\"></span>e of po<span class=\"_ _1\"></span>tential positions considered as a basis <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> its IFRS 9 approach to impairment <span class=\"_ _1\"></span>when the curr<span class=\"_ _1\"></span>ent models </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa79\">wer<span class=\"_ _1\"></span>e built. The curr<span class=\"_ _0\"></span>ent forecast scenarios, <span class=\"_ _1\"></span>which include higher r<span class=\"_ _1\"></span>ates of<span class=\"_ _1\"></span> interest and inflation <span class=\"_ _1\"></span>than in the historically<span class=\"_ _0\"></span> observed data, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa7a\">repr<span class=\"_ _1\"></span>esent situations wher<span class=\"_ _1\"></span>e these models ma<span class=\"_ _1\"></span>y not<span class=\"_ _1\"></span> be able to <span class=\"_ _1\"></span>fully allow<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or pot<span class=\"_ _1\"></span>ential economic impacts on the loan portfolios. <span class=\"_ _0\"></span>The </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa7b\">Group <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore assessed, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> each class of asset, <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> adjustment to <span class=\"_ _1\"></span>the normal approach <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to ensure sufficient<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa7c\">pro<span class=\"_ _1\"></span>vision w<span class=\"_ _1\"></span>as created b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the models. It also re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed other a<span class=\"_ _1\"></span>vailable data, both <span class=\"_ _1\"></span>from account perf<span class=\"_ _1\"></span>ormance and customer<span class=\"_ _1\"></span> feedback <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa7d\">form a <span class=\"_ _1\"></span>view o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the underlying reasons <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> observed customer<span class=\"_ _1\"></span> behaviours and of<span class=\"_ _1\"></span> their<span class=\"_ _0\"></span> future intentions and prospects.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa7f\">As a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>this exer<span class=\"_ _1\"></span>cise additional requir<span class=\"_ _1\"></span>ements f<span class=\"_ _1\"></span>or pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e identified, to compensate <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> potential model w<span class=\"_ _1\"></span>eakness and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa80\">to allow<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> economic pressur<span class=\"_ _0\"></span>es in the wider econom<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>which cannot be identified by<span class=\"_ _0\"></span> a modelled approach. By <span class=\"_ _1\"></span>their natur<span class=\"_ _1\"></span>e such </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa81\">adjustments are less s<span class=\"_ _1\"></span>ystematic and <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore subject <span class=\"_ _1\"></span>to a wider<span class=\"_ _0\"></span> range of outturns. <span class=\"_ _1\"></span>The natur<span class=\"_ _1\"></span>e and amounts of <span class=\"_ _1\"></span>these judgemental </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa82\">adjustments are set out<span class=\"_ _1\"></span> in note 19<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa83\">The position after<span class=\"_ _1\"></span> considering all these matters is se<span class=\"_ _1\"></span>t out in notes 19 <span class=\"_ _1\"></span>to 21, tog<span class=\"_ _1\"></span>ether <span class=\"_ _1\"></span>with further<span class=\"_ _1\"></span> information on <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s approach. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa84\">The economic scenarios described abov<span class=\"_ _1\"></span>e and their<span class=\"_ _1\"></span> impact on the o<span class=\"_ _1\"></span>verall pr<span class=\"_ _1\"></span>ovision ar<span class=\"_ _1\"></span>e set out in not<span class=\"_ _1\"></span>e 22, while sensitivity<span class=\"_ _1\"></span> analyses on </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa85\">impairment pro<span class=\"_ _1\"></span>visioning are set<span class=\"_ _1\"></span> out in note 23.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsa86\">(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Effective int<span class=\"_ _1\"></span>erest rates<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa87\">In order<span class=\"_ _1\"></span> to de<span class=\"_ _1\"></span>termine the EIR applicable to loans and borr<span class=\"_ _1\"></span>owings an estimate must be made o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the expected life o<span class=\"_ _1\"></span>f each asset </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa88\">or liability<span class=\"_ _1\"></span> and the cash <span class=\"_ _1\"></span>flows r<span class=\"_ _1\"></span>elating ther<span class=\"_ _1\"></span>eto, including <span class=\"_ _1\"></span>those relating <span class=\"_ _1\"></span>to early<span class=\"_ _1\"></span> redemption char<span class=\"_ _1\"></span>ges tog<span class=\"_ _1\"></span>ether<span class=\"_ _1\"></span> with any<span class=\"_ _1\"></span> initial f<span class=\"_ _1\"></span>ees </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa89\">receiv<span class=\"_ _1\"></span>able fr<span class=\"_ _1\"></span>om the customer<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> procur<span class=\"_ _1\"></span>ement fees pa<span class=\"_ _1\"></span>yable <span class=\"_ _1\"></span>to a mortgage br<span class=\"_ _1\"></span>oker<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> other intr<span class=\"_ _1\"></span>oducer<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa8a\">Where an account ma<span class=\"_ _1\"></span>y ha<span class=\"_ _1\"></span>ve differing inter<span class=\"_ _1\"></span>est charging arrang<span class=\"_ _1\"></span>ements in differ<span class=\"_ _1\"></span>ent phases of<span class=\"_ _1\"></span> its contractual life, such as the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa8b\">buy-to-le<span class=\"_ _1\"></span>t mortgage accounts <span class=\"_ _1\"></span>which have a <span class=\"_ _1\"></span>fixed inter<span class=\"_ _1\"></span>est rate <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> a set period and then r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>ert t<span class=\"_ _1\"></span>o a v<span class=\"_ _1\"></span>ariable rate set b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group (the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa8c\">\u2018re<span class=\"_ _1\"></span>versionary<span class=\"_ _1\"></span> rate<span class=\"_ _1\"></span>\u2019), the beha<span class=\"_ _1\"></span>vioural life and the e<span class=\"_ _1\"></span>xpected lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>sionary rate <span class=\"_ _1\"></span>will hav<span class=\"_ _1\"></span>e a significant impact on the o<span class=\"_ _1\"></span>verall EIR. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa8d\">F<span class=\"_ _0\"></span>or each portfolio a model is in place t<span class=\"_ _1\"></span>o ensure <span class=\"_ _1\"></span>that income is appropriately<span class=\"_ _1\"></span> spread.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa8e\">F<span class=\"_ _0\"></span>or loan accounts, such as those in <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s mortgage portfolios, <span class=\"_ _1\"></span>where borr<span class=\"_ _1\"></span>ower<span class=\"_ _1\"></span>s typically<span class=\"_ _1\"></span> repay<span class=\"_ _0\"></span> their balances befor<span class=\"_ _1\"></span>e the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa8f\">contractual repa<span class=\"_ _1\"></span>yment date, the estimat<span class=\"_ _1\"></span>ed life of<span class=\"_ _1\"></span> the account <span class=\"_ _1\"></span>will be dependent on customer<span class=\"_ _1\"></span> behaviour<span class=\"_ _0\"></span>. The customer<span class=\"_ _1\"></span> may<span class=\"_ _1\"></span> choose </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa90\">to sell their<span class=\"_ _1\"></span> property<span class=\"_ _0\"></span> and redeem the mortgage at<span class=\"_ _1\"></span> any point, but ma<span class=\"_ _1\"></span>y also choose <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>efinance their<span class=\"_ _1\"></span> account, if a mor<span class=\"_ _1\"></span>e attractiv<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa91\">alternative is av<span class=\"_ _1\"></span>ailable, based on the int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e being charged at <span class=\"_ _1\"></span>that point in time, or<span class=\"_ _0\"></span> expect to be charged in <span class=\"_ _1\"></span>the futur<span class=\"_ _1\"></span>e. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa92\">The behavioural lif<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the loan may<span class=\"_ _1\"></span> ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e be influenced by<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els of activity<span class=\"_ _0\"></span> in the residential property<span class=\"_ _0\"></span> market, or b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the nature and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa93\">pricing of alt<span class=\"_ _1\"></span>ernative funding sour<span class=\"_ _1\"></span>ces, at each point in <span class=\"_ _1\"></span>the loan\u2019<span class=\"_ _0\"></span>s life and these ar<span class=\"_ _1\"></span>e likely<span class=\"_ _0\"></span> to vary<span class=\"_ _0\"></span> over <span class=\"_ _1\"></span>time. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa94\">F<span class=\"_ _0\"></span>or loans which hav<span class=\"_ _1\"></span>e a fix<span class=\"_ _1\"></span>ed-rate period, the length o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>that period will ha<span class=\"_ _1\"></span>ve a significant behaviour<span class=\"_ _1\"></span>al impact, with many<span class=\"_ _1\"></span> customers </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa95\">choosing to consider<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> positions at <span class=\"_ _1\"></span>the point at which <span class=\"_ _1\"></span>the fix<span class=\"_ _1\"></span>ed rate expir<span class=\"_ _1\"></span>es, influenced by<span class=\"_ _1\"></span> the mark<span class=\"_ _1\"></span>et conditions then pr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>vailing. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa96\">The f<span class=\"_ _1\"></span>orecast <span class=\"_ _1\"></span>future choices of<span class=\"_ _1\"></span> customers curr<span class=\"_ _1\"></span>ently on <span class=\"_ _1\"></span>fixed-rat<span class=\"_ _1\"></span>e products at <span class=\"_ _1\"></span>this point ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e has a significant impact on <span class=\"_ _1\"></span>the EIR </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gsa97\">modelling for<span class=\"_ _1\"></span> these assets. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa98\">Where loans ar<span class=\"_ _1\"></span>e more lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>to run <span class=\"_ _1\"></span>to contractual term, and int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ates are less lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>to v<span class=\"_ _1\"></span>ary<span class=\"_ _1\"></span> over<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> term, as is <span class=\"_ _1\"></span>the case for<span class=\"_ _1\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa99\">majority of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s motor <span class=\"_ _1\"></span>finance and asset-backed SME lending, <span class=\"_ _1\"></span>the determination of<span class=\"_ _1\"></span> an EIR model is less judgemental, and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa9a\">reflects principally<span class=\"_ _1\"></span> the spr<span class=\"_ _1\"></span>eading of<span class=\"_ _1\"></span> known f<span class=\"_ _1\"></span>ees and commissions.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa9b\">The Group models liv<span class=\"_ _1\"></span>es f<span class=\"_ _1\"></span>or each of<span class=\"_ _1\"></span> its asset classes, based on its curr<span class=\"_ _1\"></span>ent expectation of<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e borro<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> behaviour<span class=\"_ _0\"></span>, and uses these </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa9c\">profiles, <span class=\"_ _1\"></span>together<span class=\"_ _0\"></span> with its expectations of <span class=\"_ _1\"></span>future inter<span class=\"_ _1\"></span>est rates, <span class=\"_ _1\"></span>following <span class=\"_ _1\"></span>the end of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>fixed rate period, <span class=\"_ _1\"></span>to determine <span class=\"_ _1\"></span>the correct EIR </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa9d\">to be applied to each account. <span class=\"_ _0\"></span>The underlying estimates are based on historical data, adjusted f<span class=\"_ _1\"></span>or e<span class=\"_ _1\"></span>xpected changes, and r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa9e\">regularly<span class=\"_ _0\"></span>. The accurac<span class=\"_ _1\"></span>y o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the EIR applied would ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e be compr<span class=\"_ _1\"></span>omised by<span class=\"_ _1\"></span> any diff<span class=\"_ _1\"></span>erences betw<span class=\"_ _1\"></span>een actual repa<span class=\"_ _1\"></span>yment profiles and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsa9f\">charging rates and <span class=\"_ _1\"></span>those predicted, <span class=\"_ _1\"></span>which in turn <span class=\"_ _1\"></span>would depend dir<span class=\"_ _1\"></span>ectly on customer<span class=\"_ _0\"></span> behaviour and market<span class=\"_ _1\"></span> conditions.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa0\">The Group <span class=\"_ _1\"></span>there<span class=\"_ _1\"></span>fore k<span class=\"_ _1\"></span>eeps its models under<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> and refines its modelling in <span class=\"_ _1\"></span>the light of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> emerging deviations <span class=\"_ _1\"></span>from expect<span class=\"_ _1\"></span>ed </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa1\">behaviour<span class=\"_ _0\"></span>. These ar<span class=\"_ _1\"></span>e particularly lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>wher<span class=\"_ _1\"></span>e the curr<span class=\"_ _1\"></span>ent or expect<span class=\"_ _1\"></span>ed economic environment<span class=\"_ _1\"></span> differs fr<span class=\"_ _1\"></span>om historic scenarios f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>which </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa2\">rele<span class=\"_ _1\"></span>vant data observ<span class=\"_ _1\"></span>ations are a<span class=\"_ _1\"></span>vailable. <span class=\"_ _1\"></span>This is curr<span class=\"_ _1\"></span>ently <span class=\"_ _1\"></span>the case, with mark<span class=\"_ _1\"></span>et mortgage r<span class=\"_ _1\"></span>ates tr<span class=\"_ _1\"></span>ending slowly<span class=\"_ _1\"></span> downw<span class=\"_ _1\"></span>ards fr<span class=\"_ _0\"></span>om a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa3\">historically high le<span class=\"_ _1\"></span>vel, a scenario not<span class=\"_ _1\"></span> seen for<span class=\"_ _1\"></span> some <span class=\"_ _1\"></span>years. In such cases management consider<span class=\"_ _0\"></span> carefully <span class=\"_ _1\"></span>the impacts which any<span class=\"_ _1\"></span> new<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa4\">conditions may<span class=\"_ _1\"></span> have on customer<span class=\"_ _1\"></span> behaviour<span class=\"_ _1\"></span> and inter<span class=\"_ _1\"></span>est rates after<span class=\"_ _1\"></span> the end o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the fixed r<span class=\"_ _1\"></span>ate period, and reflect<span class=\"_ _1\"></span> them in the model </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa5\">as appropriate, r<span class=\"_ _1\"></span>evisiting <span class=\"_ _1\"></span>these assumptions r<span class=\"_ _1\"></span>egularly as observ<span class=\"_ _1\"></span>able data becomes available, <span class=\"_ _1\"></span>with a detailed ex<span class=\"_ _1\"></span>ercise <span class=\"_ _1\"></span>to analyse an<span class=\"_ _1\"></span>y </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa6\">emerging themes <span class=\"_ _1\"></span>taking place ev<span class=\"_ _1\"></span>ery six months as part o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the half-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> and y<span class=\"_ _1\"></span>ear-end r<span class=\"_ _0\"></span>esults processes.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa7\">The application of<span class=\"_ _1\"></span> these estimates r<span class=\"_ _1\"></span>esults in an ov<span class=\"_ _1\"></span>erall increase in <span class=\"_ _1\"></span>the carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loans to customers, including </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa8\">POCI accounts, at 30 September<span class=\"_ _1\"></span> 2025 of<span class=\"_ _1\"></span> \u00a37<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>1m (2024: decr<span class=\"_ _1\"></span>ease of \u00a34<span class=\"_ _1\"></span>.4m).<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaa9\">T<span class=\"_ _0\"></span>o illustrate <span class=\"_ _1\"></span>the potential <span class=\"_ _1\"></span>variability<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the estimate, <span class=\"_ _1\"></span>the amortised cost v<span class=\"_ _1\"></span>alues w<span class=\"_ _1\"></span>ere r<span class=\"_ _1\"></span>ecalculated by<span class=\"_ _1\"></span> changing one fact<span class=\"_ _1\"></span>or in <span class=\"_ _1\"></span>the EIR </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaaa\">calculation and keeping all other<span class=\"_ _1\"></span>s at their<span class=\"_ _1\"></span> current le<span class=\"_ _1\"></span>vels.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaab\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Currently<span class=\"_ _0\"></span> the average beha<span class=\"_ _1\"></span>vioural life used in <span class=\"_ _1\"></span>the buy-to-le<span class=\"_ _1\"></span>t modelling for<span class=\"_ _1\"></span> non-legac<span class=\"_ _1\"></span>y assets, <span class=\"_ _1\"></span>which have an a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e fixed period o<span class=\"_ _1\"></span>f </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaac\">48 months (2024: 48 months), <span class=\"_ _1\"></span>was 101 months (2024: 80 months<span class=\"_ _1\"></span>)</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaad\"> <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _4\"></span>A r<span class=\"_ _1\"></span>eduction of <span class=\"_ _1\"></span>the assumed av<span class=\"_ _1\"></span>erage lives o<span class=\"_ _1\"></span>f all loans secur<span class=\"_ _1\"></span>ed on residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee months would r<span class=\"_ _1\"></span>educe balance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaae\">sheet assets by<span class=\"_ _0\"></span> \u00a36.6m (2024: \u00a39.3m<span class=\"_ _1\"></span>), while an incr<span class=\"_ _1\"></span>ease of<span class=\"_ _1\"></span> the assumed asset liv<span class=\"_ _1\"></span>es of such asse<span class=\"_ _1\"></span>ts by<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee months would incr<span class=\"_ _1\"></span>ease </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaaf\">balance sheet assets by<span class=\"_ _0\"></span> \u00a36.5m (2024: \u00a39.<span class=\"_ _1\"></span>1m). \u00a35.8m o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the increase (2024: \u00a38.<span class=\"_ _1\"></span>9m) and \u00a35.8m of<span class=\"_ _0\"></span> the decrease (2024: \u00a39<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1m) r<span class=\"_ _0\"></span>elated </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab0\">to non-legacy<span class=\"_ _1\"></span> buy-<span class=\"_ _1\"></span>to-let assets</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab1\"> <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>A r<span class=\"_ _1\"></span>eduction of <span class=\"_ _1\"></span>the assumed av<span class=\"_ _1\"></span>erage lives o<span class=\"_ _1\"></span>f all loans secur<span class=\"_ _1\"></span>ed on residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> six months would r<span class=\"_ _1\"></span>educe balance sheet </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab2\">assets by<span class=\"_ _1\"></span> \u00a313.<span class=\"_ _0\"></span>1m (2024: \u00a318.5m), while an increase o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the assumed asset lives o<span class=\"_ _1\"></span>f such assets b<span class=\"_ _1\"></span>y six months <span class=\"_ _1\"></span>would incr<span class=\"_ _1\"></span>ease balance </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab3\">sheet assets by<span class=\"_ _0\"></span> \u00a312.9m (2024: \u00a317<span class=\"_ _0\"></span>.5m). \u00a311.4m of <span class=\"_ _1\"></span>the incr<span class=\"_ _1\"></span>ease (2024: \u00a317<span class=\"_ _0\"></span>.2m) and \u00a311.6m of<span class=\"_ _0\"></span> the decrease (2024: \u00a318.2m<span class=\"_ _1\"></span>) related <span class=\"_ _1\"></span>to </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab4\">non-legacy<span class=\"_ _1\"></span> buy-t<span class=\"_ _1\"></span>o-let assets<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab5\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The EIR calculation is based on management estimates of<span class=\"_ _0\"></span> the rev<span class=\"_ _1\"></span>ersionary<span class=\"_ _1\"></span> rates which <span class=\"_ _1\"></span>would be charg<span class=\"_ _1\"></span>ed to customer<span class=\"_ _1\"></span>s after <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab6\">end of <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> fixed r<span class=\"_ _1\"></span>ate periods</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab7\"> <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>If it w<span class=\"_ _1\"></span>as assumed that<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>sionary rate <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ould be charged in <span class=\"_ _1\"></span>future <span class=\"_ _1\"></span>was 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1% low<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, then the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the non-legac<span class=\"_ _1\"></span>y </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab8\">buy-to-le<span class=\"_ _1\"></span>t loan book w<span class=\"_ _1\"></span>ould be decreased b<span class=\"_ _1\"></span>y \u00a311.6m (2024: decr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a38.4m<span class=\"_ _1\"></span>)</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsab9\"> <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>If it w<span class=\"_ _1\"></span>as assumed that<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>sionary rate <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ould be charged in <span class=\"_ _1\"></span>future <span class=\"_ _1\"></span>was 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1% higher<span class=\"_ _0\"></span>, then the <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the non-leg<span class=\"_ _1\"></span>acy<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaba\">buy-to-le<span class=\"_ _1\"></span>t loan book w<span class=\"_ _1\"></span>ould be increased b<span class=\"_ _1\"></span>y \u00a311.5m (2024: incr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a38.4m)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsabc\">\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Where <span class=\"_ _1\"></span>fixed-r<span class=\"_ _1\"></span>ate buy-to-le<span class=\"_ _1\"></span>t assets redeem bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the end of<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> fix<span class=\"_ _1\"></span>ed-rate period, an early r<span class=\"_ _0\"></span>edemption charge is made, and an </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsabd\">estimate for<span class=\"_ _0\"></span> the impact of <span class=\"_ _1\"></span>these charges must be included in <span class=\"_ _1\"></span>the EIR calculation</div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsabe\"> <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>An increase of<span class=\"_ _1\"></span> 50% in the number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> five-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> fix<span class=\"_ _1\"></span>ed-rate buy-<span class=\"_ _1\"></span>to-let loan assets assumed t<span class=\"_ _1\"></span>o redeem bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the end of <span class=\"_ _1\"></span>the fix<span class=\"_ _1\"></span>ed-rate </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsabf\">period would incr<span class=\"_ _0\"></span>ease balance sheet assets by \u00a38.<span class=\"_ _1\"></span>9m (2024: \u00a39<span class=\"_ _1\"></span>.9m)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsac0\">As any<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>these changes <span class=\"_ _1\"></span>would, in reality<span class=\"_ _0\"></span>, be accompanied by<span class=\"_ _1\"></span> movements in other<span class=\"_ _0\"></span> factors, actual outcomes may<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsac1\">these estimates.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws75 gsac2\">(c<span class=\"_ _0\"></span>)  <span class=\"_ _dd\"> </span>Provisions for<span class=\"_ _1\"></span> liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsac3\">The Group is e<span class=\"_ _1\"></span>xposed to pot<span class=\"_ _1\"></span>ential liabilities relating <span class=\"_ _1\"></span>to historical payments of<span class=\"_ _1\"></span> motor<span class=\"_ _1\"></span> finance commission, as described in not<span class=\"_ _1\"></span>e 39. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsac4\">A pr<span class=\"_ _1\"></span>ovision has been made in <span class=\"_ _1\"></span>the accounts f<span class=\"_ _1\"></span>or such liabilities, including r<span class=\"_ _1\"></span>edress amounts pa<span class=\"_ _1\"></span>yable and r<span class=\"_ _1\"></span>elated costs, based on the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsac5\">Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s best estimate of<span class=\"_ _1\"></span> the amount <span class=\"_ _1\"></span>which might be pay<span class=\"_ _1\"></span>able if <span class=\"_ _1\"></span>the current pr<span class=\"_ _1\"></span>oposals fr<span class=\"_ _1\"></span>om the F<span class=\"_ _1\"></span>CA, on <span class=\"_ _1\"></span>which it is currently<span class=\"_ _1\"></span> consulting, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws1b gsac6\">are finalised unchanged. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsac7\">This calculation includes estimates wher<span class=\"_ _0\"></span>e outcomes are uncertain, including for<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> tak<span class=\"_ _1\"></span>e up of an<span class=\"_ _1\"></span>y scheme, or<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>e </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsac8\">is currently<span class=\"_ _1\"></span> insufficient information <span class=\"_ _1\"></span>to calculate a pr<span class=\"_ _1\"></span>ecise figure, such as <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> costs which might be incurr<span class=\"_ _1\"></span>ed in executing a </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsac9\">redr<span class=\"_ _1\"></span>ess progr<span class=\"_ _1\"></span>amme in line with the r<span class=\"_ _0\"></span>egulator\u2019<span class=\"_ _1\"></span>s expectations. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsaca\">As the pr<span class=\"_ _1\"></span>oposals are curr<span class=\"_ _1\"></span>ently still being consult<span class=\"_ _1\"></span>ed upon, ther<span class=\"_ _1\"></span>e remains <span class=\"_ _1\"></span>the possibility <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>final requir<span class=\"_ _1\"></span>ements might be wider<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsacb\">narro<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> in scope than pr<span class=\"_ _1\"></span>esently pr<span class=\"_ _1\"></span>oposed, that <span class=\"_ _1\"></span>the final r<span class=\"_ _1\"></span>edress calculation might diff<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>that currently<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oposed, or <span class=\"_ _1\"></span>that the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsacc\">recommended operational appr<span class=\"_ _1\"></span>oach t<span class=\"_ _1\"></span>o programme e<span class=\"_ _1\"></span>xecution may<span class=\"_ _1\"></span> be changed as a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> the consultation. F<span class=\"_ _0\"></span>urther<span class=\"_ _1\"></span>, while <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsacd\">FC<span class=\"_ _1\"></span>A has stat<span class=\"_ _1\"></span>ed its intention that its scheme should be compr<span class=\"_ _1\"></span>ehensive, <span class=\"_ _1\"></span>there r<span class=\"_ _1\"></span>emains the possibility<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> related claims being pursued </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsace\">through other<span class=\"_ _0\"></span> channels.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsacf\">The impact of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>these matters might r<span class=\"_ _1\"></span>esult in an incr<span class=\"_ _1\"></span>ease or decr<span class=\"_ _1\"></span>ease in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s ultimate liability compared <span class=\"_ _1\"></span>to the amount<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsad0\">presently<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vided. Information on <span class=\"_ _1\"></span>the volume and natur<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s motor<span class=\"_ _1\"></span> finance commissions is set<span class=\"_ _1\"></span> out in note 39 in or<span class=\"_ _1\"></span>der <span class=\"_ _1\"></span>that </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsad1\">the potential sensitivities surr<span class=\"_ _1\"></span>ounding the pr<span class=\"_ _1\"></span>ovision may<span class=\"_ _1\"></span> be assessed. </div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsad2\">(d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Impairment of g<span class=\"_ _1\"></span>oodwill<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsad3\">The carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> goodwill r<span class=\"_ _1\"></span>ecognised on acquisitions is v<span class=\"_ _1\"></span>erified by<span class=\"_ _1\"></span> use of an impairment <span class=\"_ _1\"></span>test based on <span class=\"_ _1\"></span>the projected cash <span class=\"_ _1\"></span>flows </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsad4\">for<span class=\"_ _1\"></span> the CGU<span class=\"_ _1\"></span>, based on management f<span class=\"_ _1\"></span>orecasts and other<span class=\"_ _1\"></span> assumptions described in not<span class=\"_ _1\"></span>e 29, including a discount <span class=\"_ _1\"></span>factor<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsad5\">The accuracy<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> this impairment calculation <span class=\"_ _1\"></span>would <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore be compr<span class=\"_ _1\"></span>omised by<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> differences be<span class=\"_ _1\"></span>tween these <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecasts and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsad6\">the lev<span class=\"_ _1\"></span>els of business activity<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> the CGU is able t<span class=\"_ _1\"></span>o achieve in pr<span class=\"_ _1\"></span>actice. As <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecasts are based on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s central </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsad7\">economic scenario, any<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>ariance fr<span class=\"_ _1\"></span>om this <span class=\"_ _1\"></span>will potentially<span class=\"_ _1\"></span> impact on the <span class=\"_ _1\"></span>valuation. <span class=\"_ _1\"></span>This t<span class=\"_ _1\"></span>est will also be aff<span class=\"_ _1\"></span>ected by<span class=\"_ _1\"></span> the accurac<span class=\"_ _1\"></span>y of<span class=\"_ _0\"></span> the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws1b gsad8\">discount factor<span class=\"_ _1\"></span> used.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsad9\">The sensitivity o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the impairment test<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>easonably possible mo<span class=\"_ _1\"></span>vements in <span class=\"_ _1\"></span>these assumptions is discussed in note 29<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 wse0 gsada\">(e<span class=\"_ _0\"></span>)  <span class=\"_ _dd\"> </span>Retirement <span class=\"_ _2\"></span>benefits<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsadb\">The present<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>tirement benefit<span class=\"_ _1\"></span> obligation is derived <span class=\"_ _1\"></span>from an actuarial calculation <span class=\"_ _1\"></span>which rests on a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> assumptions </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsadc\">relating <span class=\"_ _1\"></span>to inflation, long-t<span class=\"_ _1\"></span>erm return on in<span class=\"_ _1\"></span>vestments and mortality<span class=\"_ _0\"></span>. These ar<span class=\"_ _1\"></span>e listed in note 56. <span class=\"_ _1\"></span>Where actual conditions differ<span class=\"_ _0\"></span> from </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsadd\">those assumed the ultimate <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the obligation w<span class=\"_ _1\"></span>ould be different.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsade\">Information on the sensitivity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>valuation <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>various assump<span class=\"_ _1\"></span>tions is given in note 56.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "65. <span class=\"_ _33\"></span>Critical accounting estimates<span class=\"_ _393\"> </span>Certain balances reported in <span class=\"_ _1\"></span>the financial statements ar<span class=\"_ _1\"></span>e based wholly<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> in part on estimates or assump<span class=\"_ _1\"></span>tions made by<span class=\"_ _1\"></span> the dir<span class=\"_ _1\"></span>ectors. There is, <span class=\"_ _1\"></span>there<span class=\"_ _1\"></span>fore, a po<span class=\"_ _1\"></span>tential risk that<span class=\"_ _1\"></span> they<span class=\"_ _0\"></span> may be subject to chang<span class=\"_ _1\"></span>e in futur<span class=\"_ _1\"></span>e periods. T<span class=\"_ _1\"></span>he most important of<span class=\"_ _1\"></span> these, <span class=\"_ _1\"></span>those which could, if r<span class=\"_ _1\"></span>evised significantly<span class=\"_ _1\"></span> in the ne<span class=\"_ _1\"></span>xt financial <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>, have a material impact on <span class=\"_ _1\"></span>the carrying amounts of<span class=\"_ _1\"></span> assets or liabilities ar<span class=\"_ _1\"></span>e:<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Impairment losses on loans to customers<span class=\"_ _393\"> </span>Impairment losses for<span class=\"_ _0\"></span> the majority of<span class=\"_ _1\"></span> loans are calculated based on statistical models, applied <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>the present status, performance and management strategy<span class=\"_ _0\"></span> for <span class=\"_ _1\"></span>the loans concerned, which ar<span class=\"_ _1\"></span>e used to determine each loan<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s PD and L<span class=\"_ _1\"></span>GD.<span class=\"_ _393\"> </span>Internal information used <span class=\"_ _1\"></span>will include number of<span class=\"_ _1\"></span> months arr<span class=\"_ _1\"></span>ears, qualitative information, such as possession b<span class=\"_ _1\"></span>y a <span class=\"_ _1\"></span>first charg<span class=\"_ _1\"></span>e holder on a second charge mortgag<span class=\"_ _1\"></span>e or<span class=\"_ _0\"></span>, where a buy-<span class=\"_ _1\"></span>to-let case is under<span class=\"_ _1\"></span> the contr<span class=\"_ _1\"></span>ol of a r<span class=\"_ _0\"></span>eceiver of<span class=\"_ _1\"></span> rent, <span class=\"_ _1\"></span>the receiv<span class=\"_ _1\"></span>er\u2019<span class=\"_ _0\"></span>s present and likely<span class=\"_ _1\"></span> future strat<span class=\"_ _1\"></span>egy <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>the property<span class=\"_ _0\"></span> (which might include keeping curr<span class=\"_ _1\"></span>ent tenants in place, r<span class=\"_ _0\"></span>efurbish and relet, immediate sale, etc<span class=\"_ _1\"></span>). External information used includes customer<span class=\"_ _1\"></span> specific data, such as credit<span class=\"_ _1\"></span> bureau information as <span class=\"_ _1\"></span>well as mor<span class=\"_ _1\"></span>e general economic data.<span class=\"_ _393\"> </span>Ke<span class=\"_ _1\"></span>y internal assump<span class=\"_ _1\"></span>tions in the models r<span class=\"_ _1\"></span>elate to estimates o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>future cash flo<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>from customers<span class=\"_ _1\"></span>\u2019 accounts, their<span class=\"_ _1\"></span> timing and, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> secured accounts, <span class=\"_ _1\"></span>the expected pr<span class=\"_ _1\"></span>oceeds from <span class=\"_ _1\"></span>the r<span class=\"_ _1\"></span>ealisation of <span class=\"_ _1\"></span>the property<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> other char<span class=\"_ _1\"></span>ged assets. <span class=\"_ _1\"></span>These cash flo<span class=\"_ _1\"></span>ws will include payments r<span class=\"_ _1\"></span>eceived fr<span class=\"_ _1\"></span>om the customer<span class=\"_ _0\"></span>, and, for<span class=\"_ _0\"></span> buy-to-let cases wher<span class=\"_ _1\"></span>e a receiv<span class=\"_ _1\"></span>er<span class=\"_ _1\"></span> of r<span class=\"_ _1\"></span>ent is appointed, r<span class=\"_ _1\"></span>ental receipts <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>tenants, after allo<span class=\"_ _1\"></span>wing for<span class=\"_ _0\"></span> void periods and running costs. <span class=\"_ _1\"></span>These ke<span class=\"_ _1\"></span>y assump<span class=\"_ _1\"></span>tions are based on observ<span class=\"_ _1\"></span>ed data from hist<span class=\"_ _1\"></span>orical patterns and are updated regularly<span class=\"_ _1\"></span> based on new<span class=\"_ _1\"></span> data as it becomes av<span class=\"_ _1\"></span>ailable. In addition, the dir<span class=\"_ _1\"></span>ectors consider<span class=\"_ _1\"></span> how appr<span class=\"_ _1\"></span>opriate past <span class=\"_ _1\"></span>trends and patterns might be in <span class=\"_ _1\"></span>the curr<span class=\"_ _1\"></span>ent economic situation and make any<span class=\"_ _0\"></span> adjustments the<span class=\"_ _1\"></span>y belie<span class=\"_ _1\"></span>ve ar<span class=\"_ _1\"></span>e necessary <span class=\"_ _1\"></span>to re<span class=\"_ _1\"></span>flect current and e<span class=\"_ _1\"></span>xpected conditions.<span class=\"_ _393\"> </span>In ev<span class=\"_ _1\"></span>aluating the potential impact<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>the economic situation at 30 September<span class=\"_ _1\"></span> 2025 ther<span class=\"_ _1\"></span>e is little recent<span class=\"_ _1\"></span> history ag<span class=\"_ _1\"></span>ainst which <span class=\"_ _1\"></span>to benchmark likely<span class=\"_ _0\"></span> customer behaviour<span class=\"_ _0\"></span>. The UK base r<span class=\"_ _1\"></span>ate stood at 5.25% <span class=\"_ _1\"></span>throughout much of<span class=\"_ _1\"></span> the pr<span class=\"_ _1\"></span>eceding financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> ending 30 September<span class=\"_ _1\"></span> 2024, having risen r<span class=\"_ _1\"></span>apidly <span class=\"_ _1\"></span>to that le<span class=\"_ _1\"></span>vel. <span class=\"_ _1\"></span>This le<span class=\"_ _1\"></span>vel had not pr<span class=\"_ _1\"></span>eviously<span class=\"_ _0\"></span> been reached since April 2008, and <span class=\"_ _1\"></span>the base rate has fallen back only<span class=\"_ _1\"></span> slowly<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om that point, r<span class=\"_ _1\"></span>emaining significantly<span class=\"_ _1\"></span> higher <span class=\"_ _1\"></span>than its lev<span class=\"_ _1\"></span>el between 2009 and 2022. <span class=\"_ _1\"></span>There ha<span class=\"_ _1\"></span>ve also been significant regulatory<span class=\"_ _0\"></span> interventions and changes in product structur<span class=\"_ _1\"></span>es in that<span class=\"_ _1\"></span> period, including the gr<span class=\"_ _1\"></span>owth in longer<span class=\"_ _0\"></span>-term fixed-rat<span class=\"_ _1\"></span>e mortgage lending in r<span class=\"_ _1\"></span>ecent y<span class=\"_ _1\"></span>ears. <span class=\"_ _1\"></span>All these <span class=\"_ _1\"></span>factors mak<span class=\"_ _1\"></span>e the historical r<span class=\"_ _1\"></span>ecord of<span class=\"_ _1\"></span> behaviours in higher<span class=\"_ _0\"></span> interest rate envir<span class=\"_ _1\"></span>onments an uncertain guide to <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> impact of<span class=\"_ _1\"></span> current r<span class=\"_ _1\"></span>ate lev<span class=\"_ _1\"></span>els.<span class=\"_ _393\"> </span>There also r<span class=\"_ _1\"></span>emains an ele<span class=\"_ _1\"></span>vated degr<span class=\"_ _1\"></span>ee of uncertainty<span class=\"_ _0\"></span> over <span class=\"_ _1\"></span>the direction o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the UK economy<span class=\"_ _0\"></span>. The UK Go<span class=\"_ _1\"></span>vernment\u2019<span class=\"_ _0\"></span>s October 202<span class=\"_ _1\"></span>4 budget contained significant <span class=\"_ _1\"></span>fiscal measures <span class=\"_ _1\"></span>which came into f<span class=\"_ _1\"></span>orce during <span class=\"_ _1\"></span>the y<span class=\"_ _1\"></span>ear<span class=\"_ _0\"></span>. These might plausibly<span class=\"_ _1\"></span> impact the economy<span class=\"_ _1\"></span> in a number o<span class=\"_ _1\"></span>f differ<span class=\"_ _1\"></span>ent <span class=\"_ _1\"></span>way<span class=\"_ _1\"></span>s and it remains <span class=\"_ _1\"></span>too early<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>edict their<span class=\"_ _1\"></span> ultimate impact. <span class=\"_ _1\"></span>At <span class=\"_ _1\"></span>the same time, <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>el to <span class=\"_ _1\"></span>which existing economic pressur<span class=\"_ _1\"></span>es on customers hav<span class=\"_ _1\"></span>e y<span class=\"_ _1\"></span>et t<span class=\"_ _1\"></span>o manifest themselv<span class=\"_ _1\"></span>es in credit<span class=\"_ _1\"></span> metrics is still unclear<span class=\"_ _0\"></span>, with credit performance acr<span class=\"_ _0\"></span>oss the markets in <span class=\"_ _1\"></span>which the Gr<span class=\"_ _1\"></span>oup is active being bett<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>than some expected ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the past tw<span class=\"_ _1\"></span>o y<span class=\"_ _1\"></span>ears. How<span class=\"_ _1\"></span>ever<span class=\"_ _0\"></span>, considerable uncertainty<span class=\"_ _1\"></span> exists as to <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> this r<span class=\"_ _1\"></span>epresents a mor<span class=\"_ _1\"></span>e benign outcome, or<span class=\"_ _1\"></span> merely<span class=\"_ _1\"></span> a delay<span class=\"_ _1\"></span> in credit issues emer<span class=\"_ _1\"></span>ging beyond <span class=\"_ _1\"></span>what w<span class=\"_ _1\"></span>as anticipated. T<span class=\"_ _0\"></span>oge<span class=\"_ _1\"></span>ther<span class=\"_ _0\"></span>, these factors mak<span class=\"_ _1\"></span>e for<span class=\"_ _1\"></span>ecasting credit<span class=\"_ _1\"></span> behaviour in curr<span class=\"_ _0\"></span>ent conditions challenging. The accuracy<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the impairment calculations <span class=\"_ _1\"></span>would be aff<span class=\"_ _1\"></span>ected by<span class=\"_ _1\"></span> unexpected changes <span class=\"_ _1\"></span>to the economic situation, <span class=\"_ _1\"></span>variances betw<span class=\"_ _1\"></span>een the models used and the actual r<span class=\"_ _1\"></span>esults, or assump<span class=\"_ _1\"></span>tions which differ<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om the actual outcomes. In particular<span class=\"_ _0\"></span>, if <span class=\"_ _1\"></span>the impact of<span class=\"_ _1\"></span> economic factors such as employment<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els on customers is w<span class=\"_ _1\"></span>orse than is implicit in <span class=\"_ _1\"></span>the model, then <span class=\"_ _1\"></span>the number o<span class=\"_ _1\"></span>f accounts r<span class=\"_ _1\"></span>equiring pro<span class=\"_ _1\"></span>vision might be greater<span class=\"_ _0\"></span> than suggested by<span class=\"_ _1\"></span> the model, <span class=\"_ _1\"></span>while falls in house prices, o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> and above an<span class=\"_ _1\"></span>y assumed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the models might increase <span class=\"_ _1\"></span>the pro<span class=\"_ _1\"></span>vision requir<span class=\"_ _1\"></span>ed in respect o<span class=\"_ _1\"></span>f accounts curr<span class=\"_ _1\"></span>ently pr<span class=\"_ _1\"></span>ovided. Similarly<span class=\"_ _0\"></span>, if the account<span class=\"_ _1\"></span> management appr<span class=\"_ _1\"></span>oach assumed in the modelling cannot be adopted <span class=\"_ _1\"></span>the pro<span class=\"_ _1\"></span>vision requir<span class=\"_ _1\"></span>ed may<span class=\"_ _1\"></span> be differ<span class=\"_ _1\"></span>ent.<span class=\"_ _393\"> </span>In order<span class=\"_ _1\"></span> to pr<span class=\"_ _1\"></span>ovide <span class=\"_ _1\"></span>forwar<span class=\"_ _1\"></span>d-looking economic inputs t<span class=\"_ _1\"></span>o the modelling of<span class=\"_ _1\"></span> the E<span class=\"_ _1\"></span>CL, the Gr<span class=\"_ _1\"></span>oup must derive a set<span class=\"_ _1\"></span> of scenarios <span class=\"_ _1\"></span>which are internally coher<span class=\"_ _1\"></span>ent. <span class=\"_ _1\"></span>The Group addr<span class=\"_ _1\"></span>esses these r<span class=\"_ _1\"></span>equir<span class=\"_ _1\"></span>ements using four<span class=\"_ _1\"></span> distinct economic scenarios chosen t<span class=\"_ _1\"></span>o repr<span class=\"_ _1\"></span>esent the rang<span class=\"_ _1\"></span>e of possible out<span class=\"_ _1\"></span>comes. T<span class=\"_ _1\"></span>hese scenarios at 30 September<span class=\"_ _1\"></span> 2025 have been deriv<span class=\"_ _1\"></span>ed in light of<span class=\"_ _1\"></span> the curr<span class=\"_ _1\"></span>ent economic situation modelling a v<span class=\"_ _1\"></span>ariety o<span class=\"_ _1\"></span>f possible outcomes as described in no<span class=\"_ _1\"></span>te 22. As noted abov<span class=\"_ _1\"></span>e, ther<span class=\"_ _1\"></span>e remains a significant r<span class=\"_ _1\"></span>ange of<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent opinions amongst economists about <span class=\"_ _1\"></span>the longer<span class=\"_ _1\"></span>-term pr<span class=\"_ _1\"></span>ospects for<span class=\"_ _0\"></span> the UK. While some con<span class=\"_ _1\"></span>vergence o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>s on the central case has <span class=\"_ _1\"></span>taken place o<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span> recent months, <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> deviation of<span class=\"_ _1\"></span> alternative potential scenarios fr<span class=\"_ _1\"></span>om this position r<span class=\"_ _1\"></span>emains significant, with <span class=\"_ _1\"></span>the medium-term uncertainty<span class=\"_ _1\"></span> ov<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>the direction and impact o<span class=\"_ _1\"></span>f UK<span class=\"_ _1\"></span> economic policy<span class=\"_ _1\"></span> adding inherent complexity<span class=\"_ _0\"></span> to any <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecasting exer<span class=\"_ _1\"></span>cise.<span class=\"_ _393\"> </span>The v<span class=\"_ _1\"></span>ariables are used <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> tw<span class=\"_ _1\"></span>o purposes in the IFRS 9 calculations:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e applied as inputs in the models <span class=\"_ _1\"></span>which generate PD <span class=\"_ _1\"></span>values, <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>those found b<span class=\"_ _1\"></span>y statistical analy<span class=\"_ _1\"></span>sis to ha<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>the most predictiv<span class=\"_ _1\"></span>e v<span class=\"_ _1\"></span>alue are used<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>The<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e used as part of<span class=\"_ _1\"></span> the calculation <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>ariable has a direct impact on <span class=\"_ _1\"></span>the expected loss calculation, such as <span class=\"_ _1\"></span>the HPI<span class=\"_ _393\"> </span>The economic v<span class=\"_ _1\"></span>ariables will also inf<span class=\"_ _1\"></span>orm assumptions about the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s approach to account manag<span class=\"_ _1\"></span>ement given a particular<span class=\"_ _1\"></span> scenario.<span class=\"_ _393\"> </span>In addition to uncertainty<span class=\"_ _1\"></span> repr<span class=\"_ _1\"></span>esented by<span class=\"_ _0\"></span> the economic scenarios, the Group r<span class=\"_ _1\"></span>ecognises that<span class=\"_ _1\"></span> economic situations can arise which lie outside the rang<span class=\"_ _1\"></span>e of po<span class=\"_ _1\"></span>tential positions considered as a basis <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> its IFRS 9 approach to impairment <span class=\"_ _1\"></span>when the curr<span class=\"_ _1\"></span>ent models wer<span class=\"_ _1\"></span>e built. The curr<span class=\"_ _0\"></span>ent forecast scenarios, <span class=\"_ _1\"></span>which include higher r<span class=\"_ _1\"></span>ates of<span class=\"_ _1\"></span> interest and inflation <span class=\"_ _1\"></span>than in the historically<span class=\"_ _0\"></span> observed data, repr<span class=\"_ _1\"></span>esent situations wher<span class=\"_ _1\"></span>e these models ma<span class=\"_ _1\"></span>y not<span class=\"_ _1\"></span> be able to <span class=\"_ _1\"></span>fully allow<span class=\"_ _1\"></span> f<span class=\"_ _1\"></span>or pot<span class=\"_ _1\"></span>ential economic impacts on the loan portfolios. <span class=\"_ _0\"></span>The Group <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore assessed, <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> each class of asset, <span class=\"_ _1\"></span>whether<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> adjustment to <span class=\"_ _1\"></span>the normal approach <span class=\"_ _1\"></span>was r<span class=\"_ _1\"></span>equired <span class=\"_ _1\"></span>to ensure sufficient<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vision w<span class=\"_ _1\"></span>as created b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the models. It also re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span>ed other a<span class=\"_ _1\"></span>vailable data, both <span class=\"_ _1\"></span>from account perf<span class=\"_ _1\"></span>ormance and customer<span class=\"_ _1\"></span> feedback <span class=\"_ _1\"></span>to form a <span class=\"_ _1\"></span>view o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the underlying reasons <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> observed customer<span class=\"_ _1\"></span> behaviours and of<span class=\"_ _1\"></span> their<span class=\"_ _0\"></span> future intentions and prospects.<span class=\"_ _393\"> </span>As a result o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>this exer<span class=\"_ _1\"></span>cise additional requir<span class=\"_ _1\"></span>ements f<span class=\"_ _1\"></span>or pr<span class=\"_ _1\"></span>ovision <span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span>e identified, to compensate <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> potential model w<span class=\"_ _1\"></span>eakness and to allow<span class=\"_ _1\"></span> for<span class=\"_ _1\"></span> economic pressur<span class=\"_ _0\"></span>es in the wider econom<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>which cannot be identified by<span class=\"_ _0\"></span> a modelled approach. By <span class=\"_ _1\"></span>their natur<span class=\"_ _1\"></span>e such adjustments are less s<span class=\"_ _1\"></span>ystematic and <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore subject <span class=\"_ _1\"></span>to a wider<span class=\"_ _0\"></span> range of outturns. <span class=\"_ _1\"></span>The natur<span class=\"_ _1\"></span>e and amounts of <span class=\"_ _1\"></span>these judgemental adjustments are set out<span class=\"_ _1\"></span> in note 19<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>The position after<span class=\"_ _1\"></span> considering all these matters is se<span class=\"_ _1\"></span>t out in notes 19 <span class=\"_ _1\"></span>to 21, tog<span class=\"_ _1\"></span>ether <span class=\"_ _1\"></span>with further<span class=\"_ _1\"></span> information on <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s approach. The economic scenarios described abov<span class=\"_ _1\"></span>e and their<span class=\"_ _1\"></span> impact on the o<span class=\"_ _1\"></span>verall pr<span class=\"_ _1\"></span>ovision ar<span class=\"_ _1\"></span>e set out in not<span class=\"_ _1\"></span>e 22, while sensitivity<span class=\"_ _1\"></span> analyses on impairment pro<span class=\"_ _1\"></span>visioning are set<span class=\"_ _1\"></span> out in note 23.<span class=\"_ _393\"> </span>(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Effective int<span class=\"_ _1\"></span>erest rates<span class=\"_ _393\"> </span>In order<span class=\"_ _1\"></span> to de<span class=\"_ _1\"></span>termine the EIR applicable to loans and borr<span class=\"_ _1\"></span>owings an estimate must be made o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the expected life o<span class=\"_ _1\"></span>f each asset or liability<span class=\"_ _1\"></span> and the cash <span class=\"_ _1\"></span>flows r<span class=\"_ _1\"></span>elating ther<span class=\"_ _1\"></span>eto, including <span class=\"_ _1\"></span>those relating <span class=\"_ _1\"></span>to early<span class=\"_ _1\"></span> redemption char<span class=\"_ _1\"></span>ges tog<span class=\"_ _1\"></span>ether<span class=\"_ _1\"></span> with any<span class=\"_ _1\"></span> initial f<span class=\"_ _1\"></span>ees receiv<span class=\"_ _1\"></span>able fr<span class=\"_ _1\"></span>om the customer<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> procur<span class=\"_ _1\"></span>ement fees pa<span class=\"_ _1\"></span>yable <span class=\"_ _1\"></span>to a mortgage br<span class=\"_ _1\"></span>oker<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> other intr<span class=\"_ _1\"></span>oducer<span class=\"_ _0\"></span>. Where an account ma<span class=\"_ _1\"></span>y ha<span class=\"_ _1\"></span>ve differing inter<span class=\"_ _1\"></span>est charging arrang<span class=\"_ _1\"></span>ements in differ<span class=\"_ _1\"></span>ent phases of<span class=\"_ _1\"></span> its contractual life, such as the Gr<span class=\"_ _0\"></span>oup\u2019<span class=\"_ _0\"></span>s buy-to-le<span class=\"_ _1\"></span>t mortgage accounts <span class=\"_ _1\"></span>which have a <span class=\"_ _1\"></span>fixed inter<span class=\"_ _1\"></span>est rate <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> a set period and then r<span class=\"_ _1\"></span>ev<span class=\"_ _1\"></span>ert t<span class=\"_ _1\"></span>o a v<span class=\"_ _1\"></span>ariable rate set b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group (the \u2018re<span class=\"_ _1\"></span>versionary<span class=\"_ _1\"></span> rate<span class=\"_ _1\"></span>\u2019), the beha<span class=\"_ _1\"></span>vioural life and the e<span class=\"_ _1\"></span>xpected lev<span class=\"_ _1\"></span>el of<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>sionary rate <span class=\"_ _1\"></span>will hav<span class=\"_ _1\"></span>e a significant impact on the o<span class=\"_ _1\"></span>verall EIR. F<span class=\"_ _0\"></span>or each portfolio a model is in place t<span class=\"_ _1\"></span>o ensure <span class=\"_ _1\"></span>that income is appropriately<span class=\"_ _1\"></span> spread.<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>or loan accounts, such as those in <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s mortgage portfolios, <span class=\"_ _1\"></span>where borr<span class=\"_ _1\"></span>ower<span class=\"_ _1\"></span>s typically<span class=\"_ _1\"></span> repay<span class=\"_ _0\"></span> their balances befor<span class=\"_ _1\"></span>e the contractual repa<span class=\"_ _1\"></span>yment date, the estimat<span class=\"_ _1\"></span>ed life of<span class=\"_ _1\"></span> the account <span class=\"_ _1\"></span>will be dependent on customer<span class=\"_ _1\"></span> behaviour<span class=\"_ _0\"></span>. The customer<span class=\"_ _1\"></span> may<span class=\"_ _1\"></span> choose to sell their<span class=\"_ _1\"></span> property<span class=\"_ _0\"></span> and redeem the mortgage at<span class=\"_ _1\"></span> any point, but ma<span class=\"_ _1\"></span>y also choose <span class=\"_ _1\"></span>to r<span class=\"_ _1\"></span>efinance their<span class=\"_ _1\"></span> account, if a mor<span class=\"_ _1\"></span>e attractiv<span class=\"_ _1\"></span>e alternative is av<span class=\"_ _1\"></span>ailable, based on the int<span class=\"_ _1\"></span>erest rat<span class=\"_ _1\"></span>e the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e being charged at <span class=\"_ _1\"></span>that point in time, or<span class=\"_ _0\"></span> expect to be charged in <span class=\"_ _1\"></span>the futur<span class=\"_ _1\"></span>e. The behavioural lif<span class=\"_ _1\"></span>e of <span class=\"_ _1\"></span>the loan may<span class=\"_ _1\"></span> ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e be influenced by<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els of activity<span class=\"_ _0\"></span> in the residential property<span class=\"_ _0\"></span> market, or b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the nature and pricing of alt<span class=\"_ _1\"></span>ernative funding sour<span class=\"_ _1\"></span>ces, at each point in <span class=\"_ _1\"></span>the loan\u2019<span class=\"_ _0\"></span>s life and these ar<span class=\"_ _1\"></span>e likely<span class=\"_ _0\"></span> to vary<span class=\"_ _0\"></span> over <span class=\"_ _1\"></span>time. F<span class=\"_ _0\"></span>or loans which hav<span class=\"_ _1\"></span>e a fix<span class=\"_ _1\"></span>ed-rate period, the length o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>that period will ha<span class=\"_ _1\"></span>ve a significant behaviour<span class=\"_ _1\"></span>al impact, with many<span class=\"_ _1\"></span> customers choosing to consider<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> positions at <span class=\"_ _1\"></span>the point at which <span class=\"_ _1\"></span>the fix<span class=\"_ _1\"></span>ed rate expir<span class=\"_ _1\"></span>es, influenced by<span class=\"_ _1\"></span> the mark<span class=\"_ _1\"></span>et conditions then pr<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>vailing. The f<span class=\"_ _1\"></span>orecast <span class=\"_ _1\"></span>future choices of<span class=\"_ _1\"></span> customers curr<span class=\"_ _1\"></span>ently on <span class=\"_ _1\"></span>fixed-rat<span class=\"_ _1\"></span>e products at <span class=\"_ _1\"></span>this point ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e has a significant impact on <span class=\"_ _1\"></span>the EIR modelling for<span class=\"_ _1\"></span> these assets. Where loans ar<span class=\"_ _1\"></span>e more lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>to run <span class=\"_ _1\"></span>to contractual term, and int<span class=\"_ _1\"></span>erest r<span class=\"_ _1\"></span>ates are less lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>to v<span class=\"_ _1\"></span>ary<span class=\"_ _1\"></span> over<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> term, as is <span class=\"_ _1\"></span>the case for<span class=\"_ _1\"></span> the majority of<span class=\"_ _0\"></span> the Group<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s motor <span class=\"_ _1\"></span>finance and asset-backed SME lending, <span class=\"_ _1\"></span>the determination of<span class=\"_ _1\"></span> an EIR model is less judgemental, and reflects principally<span class=\"_ _1\"></span> the spr<span class=\"_ _1\"></span>eading of<span class=\"_ _1\"></span> known f<span class=\"_ _1\"></span>ees and commissions.<span class=\"_ _393\"> </span>The Group models liv<span class=\"_ _1\"></span>es f<span class=\"_ _1\"></span>or each of<span class=\"_ _1\"></span> its asset classes, based on its curr<span class=\"_ _1\"></span>ent expectation of<span class=\"_ _1\"></span> futur<span class=\"_ _1\"></span>e borro<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> behaviour<span class=\"_ _0\"></span>, and uses these profiles, <span class=\"_ _1\"></span>together<span class=\"_ _0\"></span> with its expectations of <span class=\"_ _1\"></span>future inter<span class=\"_ _1\"></span>est rates, <span class=\"_ _1\"></span>following <span class=\"_ _1\"></span>the end of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>fixed rate period, <span class=\"_ _1\"></span>to determine <span class=\"_ _1\"></span>the correct EIR to be applied to each account. <span class=\"_ _0\"></span>The underlying estimates are based on historical data, adjusted f<span class=\"_ _1\"></span>or e<span class=\"_ _1\"></span>xpected changes, and r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>wed regularly<span class=\"_ _0\"></span>. The accurac<span class=\"_ _1\"></span>y o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the EIR applied would ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e be compr<span class=\"_ _1\"></span>omised by<span class=\"_ _1\"></span> any diff<span class=\"_ _1\"></span>erences betw<span class=\"_ _1\"></span>een actual repa<span class=\"_ _1\"></span>yment profiles and charging rates and <span class=\"_ _1\"></span>those predicted, <span class=\"_ _1\"></span>which in turn <span class=\"_ _1\"></span>would depend dir<span class=\"_ _1\"></span>ectly on customer<span class=\"_ _0\"></span> behaviour and market<span class=\"_ _1\"></span> conditions.<span class=\"_ _393\"> </span>The Group <span class=\"_ _1\"></span>there<span class=\"_ _1\"></span>fore k<span class=\"_ _1\"></span>eeps its models under<span class=\"_ _1\"></span> re<span class=\"_ _1\"></span>view<span class=\"_ _1\"></span> and refines its modelling in <span class=\"_ _1\"></span>the light of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> emerging deviations <span class=\"_ _1\"></span>from expect<span class=\"_ _1\"></span>ed behaviour<span class=\"_ _0\"></span>. These ar<span class=\"_ _1\"></span>e particularly lik<span class=\"_ _1\"></span>ely <span class=\"_ _1\"></span>wher<span class=\"_ _1\"></span>e the curr<span class=\"_ _1\"></span>ent or expect<span class=\"_ _1\"></span>ed economic environment<span class=\"_ _1\"></span> differs fr<span class=\"_ _1\"></span>om historic scenarios f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>which rele<span class=\"_ _1\"></span>vant data observ<span class=\"_ _1\"></span>ations are a<span class=\"_ _1\"></span>vailable. <span class=\"_ _1\"></span>This is curr<span class=\"_ _1\"></span>ently <span class=\"_ _1\"></span>the case, with mark<span class=\"_ _1\"></span>et mortgage r<span class=\"_ _1\"></span>ates tr<span class=\"_ _1\"></span>ending slowly<span class=\"_ _1\"></span> downw<span class=\"_ _1\"></span>ards fr<span class=\"_ _0\"></span>om a historically high le<span class=\"_ _1\"></span>vel, a scenario not<span class=\"_ _1\"></span> seen for<span class=\"_ _1\"></span> some <span class=\"_ _1\"></span>years. In such cases management consider<span class=\"_ _0\"></span> carefully <span class=\"_ _1\"></span>the impacts which any<span class=\"_ _1\"></span> new<span class=\"_ _1\"></span> conditions may<span class=\"_ _1\"></span> have on customer<span class=\"_ _1\"></span> behaviour<span class=\"_ _1\"></span> and inter<span class=\"_ _1\"></span>est rates after<span class=\"_ _1\"></span> the end o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the fixed r<span class=\"_ _1\"></span>ate period, and reflect<span class=\"_ _1\"></span> them in the model as appropriate, r<span class=\"_ _1\"></span>evisiting <span class=\"_ _1\"></span>these assumptions r<span class=\"_ _1\"></span>egularly as observ<span class=\"_ _1\"></span>able data becomes available, <span class=\"_ _1\"></span>with a detailed ex<span class=\"_ _1\"></span>ercise <span class=\"_ _1\"></span>to analyse an<span class=\"_ _1\"></span>y emerging themes <span class=\"_ _1\"></span>taking place ev<span class=\"_ _1\"></span>ery six months as part o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the half-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> and y<span class=\"_ _1\"></span>ear-end r<span class=\"_ _0\"></span>esults processes.<span class=\"_ _393\"> </span>The application of<span class=\"_ _1\"></span> these estimates r<span class=\"_ _1\"></span>esults in an ov<span class=\"_ _1\"></span>erall increase in <span class=\"_ _1\"></span>the carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loans to customers, including POCI accounts, at 30 September<span class=\"_ _1\"></span> 2025 of<span class=\"_ _1\"></span> \u00a37<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>1m (2024: decr<span class=\"_ _1\"></span>ease of \u00a34<span class=\"_ _1\"></span>.4m).<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o illustrate <span class=\"_ _1\"></span>the potential <span class=\"_ _1\"></span>variability<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the estimate, <span class=\"_ _1\"></span>the amortised cost v<span class=\"_ _1\"></span>alues w<span class=\"_ _1\"></span>ere r<span class=\"_ _1\"></span>ecalculated by<span class=\"_ _1\"></span> changing one fact<span class=\"_ _1\"></span>or in <span class=\"_ _1\"></span>the EIR calculation and keeping all other<span class=\"_ _1\"></span>s at their<span class=\"_ _1\"></span> current le<span class=\"_ _1\"></span>vels.<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Currently<span class=\"_ _0\"></span> the average beha<span class=\"_ _1\"></span>vioural life used in <span class=\"_ _1\"></span>the buy-to-le<span class=\"_ _1\"></span>t modelling for<span class=\"_ _1\"></span> non-legac<span class=\"_ _1\"></span>y assets, <span class=\"_ _1\"></span>which have an a<span class=\"_ _1\"></span>verag<span class=\"_ _1\"></span>e fixed period o<span class=\"_ _1\"></span>f 48 months (2024: 48 months), <span class=\"_ _1\"></span>was 101 months (2024: 80 months<span class=\"_ _1\"></span>) <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span> <span class=\"_ _4\"></span>A r<span class=\"_ _1\"></span>eduction of <span class=\"_ _1\"></span>the assumed av<span class=\"_ _1\"></span>erage lives o<span class=\"_ _1\"></span>f all loans secur<span class=\"_ _1\"></span>ed on residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee months would r<span class=\"_ _1\"></span>educe balance sheet assets by<span class=\"_ _0\"></span> \u00a36.6m (2024: \u00a39.3m<span class=\"_ _1\"></span>), while an incr<span class=\"_ _1\"></span>ease of<span class=\"_ _1\"></span> the assumed asset liv<span class=\"_ _1\"></span>es of such asse<span class=\"_ _1\"></span>ts by<span class=\"_ _1\"></span> thr<span class=\"_ _1\"></span>ee months would incr<span class=\"_ _1\"></span>ease balance sheet assets by<span class=\"_ _0\"></span> \u00a36.5m (2024: \u00a39.<span class=\"_ _1\"></span>1m). \u00a35.8m o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the increase (2024: \u00a38.<span class=\"_ _1\"></span>9m) and \u00a35.8m of<span class=\"_ _0\"></span> the decrease (2024: \u00a39<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1m) r<span class=\"_ _0\"></span>elated to non-legacy<span class=\"_ _1\"></span> buy-<span class=\"_ _1\"></span>to-let assets <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>A r<span class=\"_ _1\"></span>eduction of <span class=\"_ _1\"></span>the assumed av<span class=\"_ _1\"></span>erage lives o<span class=\"_ _1\"></span>f all loans secur<span class=\"_ _1\"></span>ed on residential pr<span class=\"_ _1\"></span>operty<span class=\"_ _1\"></span> by<span class=\"_ _1\"></span> six months would r<span class=\"_ _1\"></span>educe balance sheet assets by<span class=\"_ _1\"></span> \u00a313.<span class=\"_ _0\"></span>1m (2024: \u00a318.5m), while an increase o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the assumed asset lives o<span class=\"_ _1\"></span>f such assets b<span class=\"_ _1\"></span>y six months <span class=\"_ _1\"></span>would incr<span class=\"_ _1\"></span>ease balance sheet assets by<span class=\"_ _0\"></span> \u00a312.9m (2024: \u00a317<span class=\"_ _0\"></span>.5m). \u00a311.4m of <span class=\"_ _1\"></span>the incr<span class=\"_ _1\"></span>ease (2024: \u00a317<span class=\"_ _0\"></span>.2m) and \u00a311.6m of<span class=\"_ _0\"></span> the decrease (2024: \u00a318.2m<span class=\"_ _1\"></span>) related <span class=\"_ _1\"></span>to non-legacy<span class=\"_ _1\"></span> buy-t<span class=\"_ _1\"></span>o-let assets<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>The EIR calculation is based on management estimates of<span class=\"_ _0\"></span> the rev<span class=\"_ _1\"></span>ersionary<span class=\"_ _1\"></span> rates which <span class=\"_ _1\"></span>would be charg<span class=\"_ _1\"></span>ed to customer<span class=\"_ _1\"></span>s after <span class=\"_ _1\"></span>the end of <span class=\"_ _1\"></span>their<span class=\"_ _1\"></span> fixed r<span class=\"_ _1\"></span>ate periods <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>If it w<span class=\"_ _1\"></span>as assumed that<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>sionary rate <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ould be charged in <span class=\"_ _1\"></span>future <span class=\"_ _1\"></span>was 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1% low<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>, then the v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the non-legac<span class=\"_ _1\"></span>y buy-to-le<span class=\"_ _1\"></span>t loan book w<span class=\"_ _1\"></span>ould be decreased b<span class=\"_ _1\"></span>y \u00a311.6m (2024: decr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a38.4m<span class=\"_ _1\"></span>) <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>If it w<span class=\"_ _1\"></span>as assumed that<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>ever<span class=\"_ _1\"></span>sionary rate <span class=\"_ _1\"></span>which w<span class=\"_ _1\"></span>ould be charged in <span class=\"_ _1\"></span>future <span class=\"_ _1\"></span>was 0<span class=\"_ _1\"></span>.<span class=\"_ _1\"></span>1% higher<span class=\"_ _0\"></span>, then the <span class=\"_ _1\"></span>value of<span class=\"_ _1\"></span> the non-leg<span class=\"_ _1\"></span>acy<span class=\"_ _1\"></span> buy-to-le<span class=\"_ _1\"></span>t loan book w<span class=\"_ _1\"></span>ould be increased b<span class=\"_ _1\"></span>y \u00a311.5m (2024: incr<span class=\"_ _1\"></span>ease by<span class=\"_ _1\"></span> \u00a38.4m)<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span> <span class=\"_ _4\"></span>Where <span class=\"_ _1\"></span>fixed-r<span class=\"_ _1\"></span>ate buy-to-le<span class=\"_ _1\"></span>t assets redeem bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the end of<span class=\"_ _1\"></span> their<span class=\"_ _1\"></span> fix<span class=\"_ _1\"></span>ed-rate period, an early r<span class=\"_ _0\"></span>edemption charge is made, and an estimate for<span class=\"_ _0\"></span> the impact of <span class=\"_ _1\"></span>these charges must be included in <span class=\"_ _1\"></span>the EIR calculation <span class=\"_ _b2\"> </span> <span class=\"_ _4\"></span>An increase of<span class=\"_ _1\"></span> 50% in the number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> five-<span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> fix<span class=\"_ _1\"></span>ed-rate buy-<span class=\"_ _1\"></span>to-let loan assets assumed t<span class=\"_ _1\"></span>o redeem bef<span class=\"_ _1\"></span>ore <span class=\"_ _1\"></span>the end of <span class=\"_ _1\"></span>the fix<span class=\"_ _1\"></span>ed-rate period would incr<span class=\"_ _0\"></span>ease balance sheet assets by \u00a38.<span class=\"_ _1\"></span>9m (2024: \u00a39<span class=\"_ _1\"></span>.9m)<span class=\"_ _393\"> </span>As any<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>these changes <span class=\"_ _1\"></span>would, in reality<span class=\"_ _0\"></span>, be accompanied by<span class=\"_ _1\"></span> movements in other<span class=\"_ _0\"></span> factors, actual outcomes may<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span> fr<span class=\"_ _1\"></span>om these estimates.<span class=\"_ _393\"> </span>(c<span class=\"_ _0\"></span>)  <span class=\"_ _dd\"> </span>Provisions for<span class=\"_ _1\"></span> liabilities<span class=\"_ _393\"> </span>The Group is e<span class=\"_ _1\"></span>xposed to pot<span class=\"_ _1\"></span>ential liabilities relating <span class=\"_ _1\"></span>to historical payments of<span class=\"_ _1\"></span> motor<span class=\"_ _1\"></span> finance commission, as described in not<span class=\"_ _1\"></span>e 39. A pr<span class=\"_ _1\"></span>ovision has been made in <span class=\"_ _1\"></span>the accounts f<span class=\"_ _1\"></span>or such liabilities, including r<span class=\"_ _1\"></span>edress amounts pa<span class=\"_ _1\"></span>yable and r<span class=\"_ _1\"></span>elated costs, based on the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s best estimate of<span class=\"_ _1\"></span> the amount <span class=\"_ _1\"></span>which might be pay<span class=\"_ _1\"></span>able if <span class=\"_ _1\"></span>the current pr<span class=\"_ _1\"></span>oposals fr<span class=\"_ _1\"></span>om the F<span class=\"_ _1\"></span>CA, on <span class=\"_ _1\"></span>which it is currently<span class=\"_ _1\"></span> consulting, are finalised unchanged. This calculation includes estimates wher<span class=\"_ _0\"></span>e outcomes are uncertain, including for<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> tak<span class=\"_ _1\"></span>e up of an<span class=\"_ _1\"></span>y scheme, or<span class=\"_ _1\"></span> wher<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>e is currently<span class=\"_ _1\"></span> insufficient information <span class=\"_ _1\"></span>to calculate a pr<span class=\"_ _1\"></span>ecise figure, such as <span class=\"_ _1\"></span>the lev<span class=\"_ _1\"></span>els of<span class=\"_ _1\"></span> costs which might be incurr<span class=\"_ _1\"></span>ed in executing a redr<span class=\"_ _1\"></span>ess progr<span class=\"_ _1\"></span>amme in line with the r<span class=\"_ _0\"></span>egulator\u2019<span class=\"_ _1\"></span>s expectations. As the pr<span class=\"_ _1\"></span>oposals are curr<span class=\"_ _1\"></span>ently still being consult<span class=\"_ _1\"></span>ed upon, ther<span class=\"_ _1\"></span>e remains <span class=\"_ _1\"></span>the possibility <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>final requir<span class=\"_ _1\"></span>ements might be wider<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> narro<span class=\"_ _1\"></span>wer<span class=\"_ _1\"></span> in scope than pr<span class=\"_ _1\"></span>esently pr<span class=\"_ _1\"></span>oposed, that <span class=\"_ _1\"></span>the final r<span class=\"_ _1\"></span>edress calculation might diff<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>that currently<span class=\"_ _1\"></span> pr<span class=\"_ _1\"></span>oposed, or <span class=\"_ _1\"></span>that the recommended operational appr<span class=\"_ _1\"></span>oach t<span class=\"_ _1\"></span>o programme e<span class=\"_ _1\"></span>xecution may<span class=\"_ _1\"></span> be changed as a r<span class=\"_ _1\"></span>esult of<span class=\"_ _1\"></span> the consultation. F<span class=\"_ _0\"></span>urther<span class=\"_ _1\"></span>, while <span class=\"_ _1\"></span>the FC<span class=\"_ _1\"></span>A has stat<span class=\"_ _1\"></span>ed its intention that its scheme should be compr<span class=\"_ _1\"></span>ehensive, <span class=\"_ _1\"></span>there r<span class=\"_ _1\"></span>emains the possibility<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> related claims being pursued through other<span class=\"_ _0\"></span> channels.<span class=\"_ _393\"> </span>The impact of<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> of <span class=\"_ _1\"></span>these matters might r<span class=\"_ _1\"></span>esult in an incr<span class=\"_ _1\"></span>ease or decr<span class=\"_ _1\"></span>ease in the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s ultimate liability compared <span class=\"_ _1\"></span>to the amount<span class=\"_ _1\"></span> presently<span class=\"_ _1\"></span> pro<span class=\"_ _1\"></span>vided. Information on <span class=\"_ _1\"></span>the volume and natur<span class=\"_ _0\"></span>e of the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s motor<span class=\"_ _1\"></span> finance commissions is set<span class=\"_ _1\"></span> out in note 39 in or<span class=\"_ _1\"></span>der <span class=\"_ _1\"></span>that the potential sensitivities surr<span class=\"_ _1\"></span>ounding the pr<span class=\"_ _1\"></span>ovision may<span class=\"_ _1\"></span> be assessed. (d) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Impairment of g<span class=\"_ _1\"></span>oodwill<span class=\"_ _393\"> </span>The carrying v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> goodwill r<span class=\"_ _1\"></span>ecognised on acquisitions is v<span class=\"_ _1\"></span>erified by<span class=\"_ _1\"></span> use of an impairment <span class=\"_ _1\"></span>test based on <span class=\"_ _1\"></span>the projected cash <span class=\"_ _1\"></span>flows for<span class=\"_ _1\"></span> the CGU<span class=\"_ _1\"></span>, based on management f<span class=\"_ _1\"></span>orecasts and other<span class=\"_ _1\"></span> assumptions described in not<span class=\"_ _1\"></span>e 29, including a discount <span class=\"_ _1\"></span>factor<span class=\"_ _0\"></span>. The accuracy<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> this impairment calculation <span class=\"_ _1\"></span>would <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore be compr<span class=\"_ _1\"></span>omised by<span class=\"_ _1\"></span> any<span class=\"_ _1\"></span> differences be<span class=\"_ _1\"></span>tween these <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecasts and the lev<span class=\"_ _1\"></span>els of business activity<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> the CGU is able t<span class=\"_ _1\"></span>o achieve in pr<span class=\"_ _1\"></span>actice. As <span class=\"_ _1\"></span>the Group <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span>ecasts are based on <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s central economic scenario, any<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>ariance fr<span class=\"_ _1\"></span>om this <span class=\"_ _1\"></span>will potentially<span class=\"_ _1\"></span> impact on the <span class=\"_ _1\"></span>valuation. <span class=\"_ _1\"></span>This t<span class=\"_ _1\"></span>est will also be aff<span class=\"_ _1\"></span>ected by<span class=\"_ _1\"></span> the accurac<span class=\"_ _1\"></span>y of<span class=\"_ _0\"></span> the discount factor<span class=\"_ _1\"></span> used.<span class=\"_ _393\"> </span>The sensitivity o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the impairment test<span class=\"_ _1\"></span> to r<span class=\"_ _1\"></span>easonably possible mo<span class=\"_ _1\"></span>vements in <span class=\"_ _1\"></span>these assumptions is discussed in note 29<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>(e<span class=\"_ _0\"></span>)  <span class=\"_ _dd\"> </span>Retirement <span class=\"_ _2\"></span>benefits<span class=\"_ _393\"> </span>The present<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of <span class=\"_ _1\"></span>the re<span class=\"_ _1\"></span>tirement benefit<span class=\"_ _1\"></span> obligation is derived <span class=\"_ _1\"></span>from an actuarial calculation <span class=\"_ _1\"></span>which rests on a number<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> assumptions relating <span class=\"_ _1\"></span>to inflation, long-t<span class=\"_ _1\"></span>erm return on in<span class=\"_ _1\"></span>vestments and mortality<span class=\"_ _0\"></span>. These ar<span class=\"_ _1\"></span>e listed in note 56. <span class=\"_ _1\"></span>Where actual conditions differ<span class=\"_ _0\"></span> from those assumed the ultimate <span class=\"_ _1\"></span>value o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the obligation w<span class=\"_ _1\"></span>ould be different.<span class=\"_ _393\"> </span>Information on the sensitivity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>valuation <span class=\"_ _1\"></span>to the <span class=\"_ _1\"></span>various assump<span class=\"_ _1\"></span>tions is given in note 56.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAssetsAndLiabilitiesWithSignificantRiskOfMaterialAdjustmentExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "65. Critical accounting estimates Certain balances reported in the financial statements are based wholly or in part on estimates or assumptions made by the directors. There is, therefore, a potential risk that they may be subject to change in future periods. The most important of these, those which could, if revised significantly in the next financial year, have a material impact on the carrying amounts of assets or liabilities are: (a)   Impairment losses on loans to customers Impairment losses for the majority of loans are calculated based on statistical models, applied to the present status, performance and management strategy for the loans concerned, which are used to determine each loan\u2019s PD and LGD. Internal information used will include number of months arrears, qualitative information, such as possession by a first charge holder on a second charge mortgage or, where a buy-to-let case is under the control of a receiver of rent, the receiver\u2019s present and likely future strategy for the property (which might include keeping current tenants in place, refurbish and relet, immediate sale, etc). External information used includes customer specific data, such as credit bureau information as well as more general economic data. Key internal assumptions in the models relate to estimates of future cash flows from customers\u2019 accounts, their timing and, for secured accounts, the expected proceeds from the realisation of the property or other charged assets. These cash flows will include payments received from the customer, and, for buy-to-let cases where a receiver of rent is appointed, rental receipts from tenants, after allowing for void periods and running costs. These key assumptions are based on observed data from historical patterns and are updated regularly based on new data as it becomes available. In addition, the directors consider how appropriate past trends and patterns might be in the current economic situation and make any adjustments they believe are necessary to reflect current and expected conditions. In evaluating the potential impact of the economic situation at 30 September 2025 there is little recent history against which to benchmark likely customer behaviour. The UK base rate stood at 5.25% throughout much of the preceding financial year ending 30 September 2024, having risen rapidly to that level. This level had not previously been reached since April 2008, and the base rate has fallen back only slowly from that point, remaining significantly higher than its level between 2009 and 2022. There have also been significant regulatory interventions and changes in product structures in that period, including the growth in longer-term fixed-rate mortgage lending in recent years. All these factors make the historical record of behaviours in higher interest rate environments an uncertain guide to the likely impact of current rate levels. There also remains an elevated degree of uncertainty over the direction of the UK economy. The UK Government\u2019s October 2024 budget contained significant fiscal measures which came into force during the year. These might plausibly impact the economy in a number of different ways and it remains too early to predict their ultimate impact. At the same time, the level to which existing economic pressures on customers have yet to manifest themselves in credit metrics is still unclear, with credit performance across the markets in which the Group is active being better than some expected over the past two years. However, considerable uncertainty exists as to whether this represents a more benign outcome, or merely a delay in credit issues emerging beyond what was anticipated. Together, these factors make forecasting credit behaviour in current conditions challenging. The accuracy of the impairment calculations would be affected by unexpected changes to the economic situation, variances between the models used and the actual results, or assumptions which differ from the actual outcomes. In particular, if the impact of economic factors such as employment levels on customers is worse than is implicit in the model, then the number of accounts requiring provision might be greater than suggested by the model, while falls in house prices, over and above any assumed by the models might increase the provision required in respect of accounts currently provided. Similarly, if the account management approach assumed in the modelling cannot be adopted the provision required may be different. In order to provide forward-looking economic inputs to the modelling of the ECL, the Group must derive a set of scenarios which are internally coherent. The Group addresses these requirements using four distinct economic scenarios chosen to represent the range of possible outcomes. These scenarios at 30 September 2025 have been derived in light of the current economic situation modelling a variety of possible outcomes as described in note 22. As noted above, there remains a significant range of different opinions amongst economists about the longer-term prospects for the UK. While some convergence of views on the central case has taken place over recent months, the level of deviation of alternative potential scenarios from this position remains significant, with the medium-term uncertainty over the direction and impact of UK economic policy adding inherent complexity to any forecasting exercise. The variables are used for two purposes in the IFRS 9 calculations: \u2022   They are applied as inputs in the models which generate PD values, where those found by statistical analysis to have the most predictive value are used \u2022  They are used as part of the calculation where the variable has a direct impact on the expected loss calculation, such as the HPI The economic variables will also inform assumptions about the Group\u2019s approach to account management given a particular scenario. In addition to uncertainty represented by the economic scenarios, the Group recognises that economic situations can arise which lie outside the range of potential positions considered as a basis for its IFRS 9 approach to impairment when the current models were built. The current forecast scenarios, which include higher rates of interest and inflation than in the historically observed data, represent situations where these models may not be able to fully allow for potential economic impacts on the loan portfolios. The Group therefore assessed, for each class of asset, whether any adjustment to the normal approach was required to ensure sufficient provision was created by the models. It also reviewed other available data, both from account performance and customer feedback to form a view of the underlying reasons for observed customer behaviours and of their future intentions and prospects. As a result of this exercise additional requirements for provision were identified, to compensate for potential model weakness and to allow for economic pressures in the wider economy which cannot be identified by a modelled approach. By their nature such adjustments are less systematic and therefore subject to a wider range of outturns. The nature and amounts of these judgemental adjustments are set out in note 19. The position after considering all these matters is set out in notes 19 to 21, together with further information on the Group\u2019s approach. The economic scenarios described above and their impact on the overall provision are set out in note 22, while sensitivity analyses on impairment provisioning are set out in note 23. (b)   Effective interest rates In order to determine the EIR applicable to loans and borrowings an estimate must be made of the expected life of each asset or liability and the cash flows relating thereto, including those relating to early redemption charges together with any initial fees receivable from the customer or procurement fees payable to a mortgage broker or other introducer. Where an account may have differing interest charging arrangements in different phases of its contractual life, such as the Group\u2019s buy-to-let mortgage accounts which have a fixed interest rate for a set period and then revert to a variable rate set by the Group (the \u2018reversionary rate\u2019), the behavioural life and the expected level of the reversionary rate will have a significant impact on the overall EIR. For each portfolio a model is in place to ensure that income is appropriately spread. For loan accounts, such as those in the Group\u2019s mortgage portfolios, where borrowers typically repay their balances before the contractual repayment date, the estimated life of the account will be dependent on customer behaviour. The customer may choose to sell their property and redeem the mortgage at any point, but may also choose to refinance their account, if a more attractive alternative is available, based on the interest rate they are being charged at that point in time, or expect to be charged in the future. The behavioural life of the loan may therefore be influenced by levels of activity in the residential property market, or by the nature and pricing of alternative funding sources, at each point in the loan\u2019s life and these are likely to vary over time. For loans which have a fixed-rate period, the length of that period will have a significant behavioural impact, with many customers choosing to consider their positions at the point at which the fixed rate expires, influenced by the market conditions then prevailing. The forecast future choices of customers currently on fixed-rate products at this point therefore has a significant impact on the EIR modelling for these assets. Where loans are more likely to run to contractual term, and interest rates are less likely to vary over that term, as is the case for the majority of the Group\u2019s motor finance and asset-backed SME lending, the determination of an EIR model is less judgemental, and reflects principally the spreading of known fees and commissions. The Group models lives for each of its asset classes, based on its current expectation of future borrower behaviour, and uses these profiles, together with its expectations of future interest rates, following the end of the fixed rate period, to determine the correct EIR to be applied to each account. The underlying estimates are based on historical data, adjusted for expected changes, and reviewed regularly. The accuracy of the EIR applied would therefore be compromised by any differences between actual repayment profiles and charging rates and those predicted, which in turn would depend directly on customer behaviour and market conditions. The Group therefore keeps its models under review and refines its modelling in the light of any emerging deviations from expected behaviour. These are particularly likely where the current or expected economic environment differs from historic scenarios for which relevant data observations are available. This is currently the case, with market mortgage rates trending slowly downwards from a historically high level, a scenario not seen for some years. In such cases management consider carefully the impacts which any new conditions may have on customer behaviour and interest rates after the end of the fixed rate period, and reflect them in the model as appropriate, revisiting these assumptions regularly as observable data becomes available, with a detailed exercise to analyse any emerging themes taking place every six months as part of the half-year and year-end results processes. The application of these estimates results in an overall increase in the carrying value of the Group\u2019s loans to customers, including POCI accounts, at 30 September 2025 of \u00a37.1m (2024: decrease of \u00a34.4m). To illustrate the potential variability of the estimate, the amortised cost values were recalculated by changing one factor in the EIR calculation and keeping all others at their current levels. \u2022   Currently the average behavioural life used in the buy-to-let modelling for non-legacy assets, which have an average fixed period of 48 months (2024: 48 months), was 101 months (2024: 80 months)    A reduction of the assumed average lives of all loans secured on residential property by three months would reduce balance sheet assets by \u00a36.6m (2024: \u00a39.3m), while an increase of the assumed asset lives of such assets by three months would increase balance sheet assets by \u00a36.5m (2024: \u00a39.1m). \u00a35.8m of the increase (2024: \u00a38.9m) and \u00a35.8m of the decrease (2024: \u00a39.1m) related to non-legacy buy-to-let assets   A reduction of the assumed average lives of all loans secured on residential property by six months would reduce balance sheet assets by \u00a313.1m (2024: \u00a318.5m), while an increase of the assumed asset lives of such assets by six months would increase balance sheet assets by \u00a312.9m (2024: \u00a317.5m). \u00a311.4m of the increase (2024: \u00a317.2m) and \u00a311.6m of the decrease (2024: \u00a318.2m) related to non-legacy buy-to-let assets \u2022   The EIR calculation is based on management estimates of the reversionary rates which would be charged to customers after the end of their fixed rate periods   If it was assumed that the reversionary rate which would be charged in future was 0.1% lower, then the value of the non-legacy buy-to-let loan book would be decreased by \u00a311.6m (2024: decrease by \u00a38.4m)   If it was assumed that the reversionary rate which would be charged in future was 0.1% higher, then the value of the non-legacy buy-to-let loan book would be increased by \u00a311.5m (2024: increase by \u00a38.4m) \u2022   Where fixed-rate buy-to-let assets redeem before the end of their fixed-rate period, an early redemption charge is made, and an estimate for the impact of these charges must be included in the EIR calculation   An increase of 50% in the number of five-year fixed-rate buy-to-let loan assets assumed to redeem before the end of the fixed-rate period would increase balance sheet assets by \u00a38.9m (2024: \u00a39.9m) As any of these changes would, in reality, be accompanied by movements in other factors, actual outcomes may differ from these estimates. (c)   Provisions for liabilities The Group is exposed to potential liabilities relating to historical payments of motor finance commission, as described in note 39. A provision has been made in the accounts for such liabilities, including redress amounts payable and related costs, based on the Group\u2019s best estimate of the amount which might be payable if the current proposals from the FCA, on which it is currently consulting, are finalised unchanged. This calculation includes estimates where outcomes are uncertain, including for levels of take up of any scheme, or where there is currently insufficient information to calculate a precise figure, such as the levels of costs which might be incurred in executing a redress programme in line with the regulator\u2019s expectations. As the proposals are currently still being consulted upon, there remains the possibility that the final requirements might be wider or narrower in scope than presently proposed, that the final redress calculation might differ from that currently proposed, or that the recommended operational approach to programme execution may be changed as a result of the consultation. Further, while the FCA has stated its intention that its scheme should be comprehensive, there remains the possibility of related claims being pursued through other channels. The impact of any of these matters might result in an increase or decrease in the Group\u2019s ultimate liability compared to the amount presently provided. Information on the volume and nature of the Group\u2019s motor finance commissions is set out in note 39 in order that the potential sensitivities surrounding the provision may be assessed. (d)   Impairment of goodwill The carrying value of goodwill recognised on acquisitions is verified by use of an impairment test based on the projected cash flows for the CGU, based on management forecasts and other assumptions described in note 29, including a discount factor. The accuracy of this impairment calculation would therefore be compromised by any differences between these forecasts and the levels of business activity that the CGU is able to achieve in practice. As the Group forecasts are based on the Group\u2019s central economic scenario, any variance from this will potentially impact on the valuation. This test will also be affected by the accuracy of the discount factor used. The sensitivity of the impairment test to reasonably possible movements in these assumptions is discussed in note 29. (e)   Retirement benefits The present value of the retirement benefit obligation is derived from an actuarial calculation which rests on a number of assumptions relating to inflation, long-term return on investments and mortality. These are listed in note 56. Where actual conditions differ from those assumed the ultimate value of the obligation would be different. Information on the sensitivity of the valuation to the various assumptions is given in note 56.",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-410": {
   "value": "<div class=\"t m0 h5 ff13 fs3 fc1 sc0 ls0 ws0 gsb41\">67<span class=\"_ _0\"></span>. <span class=\"_ _190\"> </span>Financial assets and financial liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb42\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets and <span class=\"_ _1\"></span>financial liabilities are <span class=\"_ _1\"></span>valued on one of<span class=\"_ _1\"></span> tw<span class=\"_ _1\"></span>o bases, defined by<span class=\"_ _1\"></span> IFRS 9:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb43\">\u2022 <span class=\"_ _6\"> </span>Financial assets and liabilities carried at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>through pr<span class=\"_ _1\"></span>ofit and loss (\u2018FVTPL<span class=\"_ _e\"></span>\u2019)<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb44\">\u2022 <span class=\"_ _6\"> </span>Financial assets and liabilities carried at amortised cost<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb45\">IFRS 7 \u2013 \u2018Financial Instruments: Disclosures\u2019 r<span class=\"_ _1\"></span>equires <span class=\"_ _1\"></span>that wher<span class=\"_ _0\"></span>e assets are measured at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>these measurements should be </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb46\">classified using the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value hier<span class=\"_ _1\"></span>archy<span class=\"_ _1\"></span> set out in IFRS 13 \u2013 \u2018F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>alue Measurement\u2019<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>This hierar<span class=\"_ _1\"></span>chy<span class=\"_ _1\"></span> reflects <span class=\"_ _1\"></span>the inputs used and </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gsb47\">defines three lev<span class=\"_ _1\"></span>els:<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb48\">\u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 1 measur<span class=\"_ _1\"></span>ements are unadjust<span class=\"_ _1\"></span>ed market prices </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb49\">\u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 2 measur<span class=\"_ _1\"></span>ements are deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om directly<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> indirectly<span class=\"_ _1\"></span> observable data, such as mark<span class=\"_ _1\"></span>et prices or<span class=\"_ _1\"></span> rates </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb4a\">\u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 3 measur<span class=\"_ _1\"></span>ements rely<span class=\"_ _0\"></span> on significant inputs which are not deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om observable data </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb4b\">As quoted prices ar<span class=\"_ _1\"></span>e not av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>el 2 and 3 measurements, <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation is derived <span class=\"_ _1\"></span>from cash <span class=\"_ _1\"></span>flow models based, <span class=\"_ _1\"></span>where </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb4c\">possible, on independently sour<span class=\"_ _1\"></span>ced parameters. <span class=\"_ _0\"></span>The accuracy of<span class=\"_ _0\"></span> the calculation would <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore be affect<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> unexpected marke<span class=\"_ _1\"></span>t </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb4d\">movements or<span class=\"_ _0\"></span> other v<span class=\"_ _1\"></span>ariances in the operation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the models, or <span class=\"_ _1\"></span>the assumptions used.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb4e\">The Group had no <span class=\"_ _1\"></span>financial assets or<span class=\"_ _1\"></span> liabilities at 30 September<span class=\"_ _1\"></span> 2025 or 30 Sep<span class=\"_ _1\"></span>tember 2024 carried at<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and v<span class=\"_ _1\"></span>alued using </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb4f\">lev<span class=\"_ _1\"></span>el 3 measurements.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb50\">The Group has no<span class=\"_ _1\"></span>t reclassified an<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> its measur<span class=\"_ _1\"></span>ements during the <span class=\"_ _1\"></span>year<span class=\"_ _393\"> </span><span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb52\">The methods by<span class=\"_ _1\"></span> which <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue is established for<span class=\"_ _1\"></span> each class of<span class=\"_ _1\"></span> financial assets and liabilities ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsb53\">(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Assets and liabilities carried at fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb54\">The f<span class=\"_ _1\"></span>ollowing table summarises <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets and liabilities <span class=\"_ _1\"></span>which are carried at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span></div><div class=\"gsb55\"><table class=\"s wba h127\" id=\"_47a31fa6-e669-4262-beb5-19f9be2c50ae\"><tr><td></td><td></td><td class=\"c n x24e y3c63 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e51 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w56 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x252 y3c98 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x258 y3c98 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3c98 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e52 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c48 w62 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xee2 y3c48 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n xee3 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">68.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">99.7<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb56\">All these financial asse<span class=\"_ _1\"></span>ts and financial liabilities ar<span class=\"_ _1\"></span>e requir<span class=\"_ _1\"></span>ed to be carried at <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue by<span class=\"_ _1\"></span> IFRS 9.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb57\">The Company<span class=\"_ _1\"></span> has no financial assets or<span class=\"_ _1\"></span> liabilities carried at f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff5 fs4 fc1 sc0 ls0 ws0 gsb58\">Derivativ<span class=\"_ _1\"></span>e financial assets and liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 lsc ws0 gsb59\">Derivativ<span class=\"_ _1\"></span>e financial instruments are stat<span class=\"_ _1\"></span>ed at their<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>values in the accounts. <span class=\"_ _0\"></span>The Group uses a number o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>techniques to det<span class=\"_ _1\"></span>ermine </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 lsc ws0 gsb5a\">the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> its derivativ<span class=\"_ _1\"></span>e assets and liabilities, for<span class=\"_ _1\"></span> which observ<span class=\"_ _1\"></span>able prices in active mark<span class=\"_ _1\"></span>ets ar<span class=\"_ _1\"></span>e not av<span class=\"_ _1\"></span>ailable. T<span class=\"_ _1\"></span>hese are principally<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 lsc ws0 gsb5b\">present <span class=\"_ _1\"></span>value calculations based on estimat<span class=\"_ _1\"></span>ed future cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span>s arising from <span class=\"_ _1\"></span>the instruments, discounted using a mark<span class=\"_ _1\"></span>et inter<span class=\"_ _1\"></span>est rate, </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 lsc ws0 gsb5c\">adjusted for<span class=\"_ _0\"></span> risk as appropriate. <span class=\"_ _1\"></span>The principal inputs to <span class=\"_ _1\"></span>these v<span class=\"_ _1\"></span>aluation models are SONIA<span class=\"_ _1\"></span> sterling benchmark inter<span class=\"_ _1\"></span>est rates.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 lsc ws0 gsb5d\">In order<span class=\"_ _1\"></span> to de<span class=\"_ _1\"></span>termine the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>values, <span class=\"_ _1\"></span>the management applies <span class=\"_ _1\"></span>valuation adjustments <span class=\"_ _1\"></span>to observed data <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>that data w<span class=\"_ _1\"></span>ould not </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 lsc ws0 gsb5e\">fully r<span class=\"_ _1\"></span>eflect <span class=\"_ _1\"></span>the attributes of <span class=\"_ _1\"></span>the instrument being <span class=\"_ _1\"></span>valued, such as particular<span class=\"_ _1\"></span> contractual f<span class=\"_ _1\"></span>eatures or<span class=\"_ _1\"></span> the identity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the counterparty<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 lsc ws0 gsb5f\">The management r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>the models used on an ongoing basis t<span class=\"_ _1\"></span>o ensure <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>valuations pr<span class=\"_ _1\"></span>oduced are r<span class=\"_ _1\"></span>easonable and re<span class=\"_ _1\"></span>flect all </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 lsc ws0 gsb60\">rele<span class=\"_ _1\"></span>vant <span class=\"_ _1\"></span>factors. <span class=\"_ _1\"></span>These <span class=\"_ _1\"></span>valuations ar<span class=\"_ _1\"></span>e based on market inf<span class=\"_ _1\"></span>ormation, and the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e classified as lev<span class=\"_ _1\"></span>el 2 measurements. Details </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 lsc ws0 gsb61\">of <span class=\"_ _1\"></span>these assets and liabilities ar<span class=\"_ _1\"></span>e given in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"t m0 h6 ff13 fs4 fc1 sc0 ls0 ws0 gsb62\">(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Assets and liabilities carried at amortised cost<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb63\">The fair<span class=\"_ _0\"></span> values f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>financial assets and financial liabilities held at amortised cost, determined in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the methodologies </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb64\">set out in <span class=\"_ _1\"></span>this note are summarised belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span></div><div class=\"gsb65\"><table class=\"s w45d hdf\" id=\"_b731ef65-1b30-4af4-85d4-6f0275e037cc\"><tr><td></td><td></td><td class=\"c n xc41 y3cb3 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xc43 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc44 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc45 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xee4 y3c5d w45e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xee5 y3c5d w45f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n xee6 y3c5d w460 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xee7 y3c5d w461 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x31a y3c5e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c5e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 hbe y3e53 ff68 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h4e y3e54 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c5f w2b0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c5f w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf3 y3c5f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf4 y3c5f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f5 y3c5f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f6 y3c5f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n xee8 y3c60 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n xee9 y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xeea y3c60 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">611.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xeeb y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">422.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w53 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdc y3c40 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdd y3c40 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xcde y3c40 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,357.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeec y3c40 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeed y3c40 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,772.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w221 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c41 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xd37 y3c41 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x799 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xeee y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c42 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,373.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c42 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,375.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeef y3c42 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,674.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xef0 y3c42 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,735.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e55 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w60 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm bank borrowings<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x95d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x904 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w61 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c4e w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n xef2 y3c4e w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,265.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xef3 y3c4e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,260.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xef4 y3c4e w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,298.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xef5 y3c4e w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,334.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f wd2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c4f w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">34<span class=\"_ _393\"> </span></div></td><td class=\"c n xef6 y3c4f w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x351 y3c4f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xef7 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">145.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef8 y3c45 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">32<span class=\"_ _393\"> </span></div></td><td class=\"c n xef9 y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fa y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">501.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xefa y3c45 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xefb y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c62 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">36<span class=\"_ _393\"> </span></div></td><td class=\"c n xcee y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcef y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xefc y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xefd y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xefe y3c65 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xeff y3c65 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xf00 y3c65 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xf01 y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xf02 y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,428.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,424.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeef y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,946.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xef0 y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,978.2<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"gs1d6\"><table class=\"s w462 he9\" id=\"_cd8e9383-3909-4223-8adc-85f69dc3007d\"><tr><td></td><td></td><td class=\"c n xf03 y3c3c w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xf04 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xf05 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xf06 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xf07 y3c3d w45e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xf08 y3c3d w45f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n xf09 y3c3d w460 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0a y3c3d w461 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4e6 y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c3e w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 hbe y3e56 ff68 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3e57 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w2b0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c41 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0b y3c41 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0c y3c41 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e4 y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x903 y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w3b3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup cash deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xce5 y3c42 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0d y3c42 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0e y3c42 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0f y3c42 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf10 y3c42 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w463 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xf11 y3c43 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c43 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f7 y3c43 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3c43 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x399 y3c43 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w221 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c44 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xf12 y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xf13 y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x32c y3c44 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c44 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x843 y3c4e w92 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c4e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c4e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c4e w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e58 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 wd2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c45 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">34<span class=\"_ _393\"> </span></div></td><td class=\"c n xef6 y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x351 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xef7 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">145.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w225 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xf14 y3c50 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xf15 y3c50 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x78c y3c50 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xa21 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf16 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xefe y3c65 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xf17 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xb20 y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x62b y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x62c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x843 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">175.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">174.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">198.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">194.5<span class=\"_ _393\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb67\">The fair<span class=\"_ _0\"></span> values of<span class=\"_ _1\"></span> retail deposits, corpor<span class=\"_ _1\"></span>ate bonds and cov<span class=\"_ _1\"></span>ered bonds shown abo<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>will include amounts for<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb68\">accrued interest.<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gsb69\">Cash, sale and repurchase agr<span class=\"_ _1\"></span>eements, and bank borro<span class=\"_ _1\"></span>wings<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb6a\">The fair<span class=\"_ _0\"></span> values of<span class=\"_ _1\"></span> cash and cash equivalents, sale and r<span class=\"_ _1\"></span>epurchase agr<span class=\"_ _1\"></span>eements and bank borr<span class=\"_ _1\"></span>owings, which ar<span class=\"_ _1\"></span>e carried at amortised </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb6b\">cost, are consider<span class=\"_ _1\"></span>ed to be no<span class=\"_ _1\"></span>t materially diff<span class=\"_ _1\"></span>erent <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>their book<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues. In arriving at that conclusion mark<span class=\"_ _1\"></span>et inputs hav<span class=\"_ _1\"></span>e been </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb6c\">considered but because all <span class=\"_ _1\"></span>the assets and the sale and r<span class=\"_ _1\"></span>epur<span class=\"_ _1\"></span>chase agreements matur<span class=\"_ _1\"></span>e within <span class=\"_ _1\"></span>three months of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end and the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb6d\">interest r<span class=\"_ _1\"></span>ates charged on <span class=\"_ _1\"></span>financial liabilities reset<span class=\"_ _1\"></span> to mark<span class=\"_ _1\"></span>et rates on a quarterly<span class=\"_ _0\"></span> basis, little difference arises. T<span class=\"_ _1\"></span>his also applies to <span class=\"_ _1\"></span>the </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb6e\">Company\u2019<span class=\"_ _0\"></span>s loans to its subsidiaries. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb6f\">As these <span class=\"_ _1\"></span>valuation ex<span class=\"_ _1\"></span>ercises ar<span class=\"_ _1\"></span>e not <span class=\"_ _1\"></span>wholly mark<span class=\"_ _1\"></span>et-based, <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are consider<span class=\"_ _1\"></span>ed to be le<span class=\"_ _1\"></span>vel 2 measur<span class=\"_ _1\"></span>ements.<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gsb70\">Investmen<span class=\"_ _1\"></span>t securities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb71\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment<span class=\"_ _1\"></span> securities are of<span class=\"_ _1\"></span> types <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> which a liquid mark<span class=\"_ _1\"></span>et exists, and <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>which quoted prices ar<span class=\"_ _1\"></span>e av<span class=\"_ _1\"></span>ailable. It is </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb72\">theref<span class=\"_ _1\"></span>ore appr<span class=\"_ _1\"></span>opriate to consider<span class=\"_ _0\"></span> that the mark<span class=\"_ _1\"></span>et price of<span class=\"_ _1\"></span> these assets constitutes a <span class=\"_ _1\"></span>fair <span class=\"_ _0\"></span>value. As <span class=\"_ _1\"></span>this v<span class=\"_ _1\"></span>aluation is based on a market </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb73\">price it is considered <span class=\"_ _1\"></span>to be a lev<span class=\"_ _1\"></span>el 1 measurement.<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws30 gsb74\">L<span class=\"_ _1\"></span>oans to customers<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb75\">T<span class=\"_ _0\"></span>o assess <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loan assets in the absence of a liquid mark<span class=\"_ _1\"></span>et, <span class=\"_ _1\"></span>the directors ha<span class=\"_ _1\"></span>ve consider<span class=\"_ _1\"></span>ed the estimated </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb76\">cash flow<span class=\"_ _1\"></span>s expected <span class=\"_ _1\"></span>to arise fr<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s inv<span class=\"_ _1\"></span>estments in its loans to customers based on a mixtur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> market<span class=\"_ _1\"></span>-based inputs, such </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb77\">as rates and pricing and non-mark<span class=\"_ _1\"></span>et based inputs such as redemp<span class=\"_ _1\"></span>tion rates. Given <span class=\"_ _1\"></span>the mixture o<span class=\"_ _1\"></span>f observ<span class=\"_ _1\"></span>able and non-observable </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb78\">inputs these ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be lev<span class=\"_ _1\"></span>el 3 measurements.<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gsb79\">Corporate debt<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb7a\">The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s corporate bonds and cov<span class=\"_ _1\"></span>ered bonds ar<span class=\"_ _1\"></span>e listed on <span class=\"_ _1\"></span>the London Stock<span class=\"_ _1\"></span> Exchange and <span class=\"_ _1\"></span>there is pr<span class=\"_ _1\"></span>esently<span class=\"_ _1\"></span> a reasonably<span class=\"_ _1\"></span> liquid </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb7b\">market in <span class=\"_ _1\"></span>the instruments. It is <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore appr<span class=\"_ _1\"></span>opriate to consider<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> the mark<span class=\"_ _1\"></span>et price of<span class=\"_ _1\"></span> these borr<span class=\"_ _1\"></span>owings constitutes a f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value. <span class=\"_ _0\"></span>As </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb7c\">this v<span class=\"_ _1\"></span>aluation is based on a market<span class=\"_ _1\"></span> price, it is considered <span class=\"_ _1\"></span>to be a lev<span class=\"_ _1\"></span>el 1 measurement.<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gsb7d\">Retail deposits<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb7e\">T<span class=\"_ _0\"></span>o assess <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s retail deposit liabilities, the dir<span class=\"_ _1\"></span>ectors hav<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>the estimated cash flo<span class=\"_ _1\"></span>ws expected </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb7f\">to arise based on a mixture o<span class=\"_ _1\"></span>f mark<span class=\"_ _1\"></span>et based inputs, such as rates and pricing and non-mark<span class=\"_ _1\"></span>et based inputs such as <span class=\"_ _1\"></span>withdrawal r<span class=\"_ _1\"></span>ates. </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb80\">Given <span class=\"_ _1\"></span>the mixture of<span class=\"_ _1\"></span> observable and non-observ<span class=\"_ _1\"></span>able inputs, these ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be le<span class=\"_ _1\"></span>vel 3 measurements.<span class=\"_ _393\"> </span></div><div class=\"t m0 h78 ff48 fs4 fc1 sc0 ls0 ws0 gsb81\">Sundry assets and liabilities<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb82\">F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alues of <span class=\"_ _1\"></span>financial assets and liabilities disclosed as sundry<span class=\"_ _1\"></span> assets and sundry liabilities ar<span class=\"_ _1\"></span>e not consider<span class=\"_ _1\"></span>ed to be materially<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gsb83\">differ<span class=\"_ _1\"></span>ent to their carrying v<span class=\"_ _1\"></span>alues.<span class=\"_ _393\"> </span></div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws0 gsb84\">These assets and liabilities ar<span class=\"_ _1\"></span>e of r<span class=\"_ _1\"></span>elatively<span class=\"_ _1\"></span> low<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and may<span class=\"_ _1\"></span> be settled at their<span class=\"_ _1\"></span> carrying <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the balance sheet date or<span class=\"_ _1\"></span> </div><div class=\"t m0 ha ff6 fs4 fc1 sc0 ls0 ws17 gsb85\">shortly ther<span class=\"_ _1\"></span>eafter<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "67<span class=\"_ _0\"></span>. <span class=\"_ _190\"> </span>Financial assets and financial liabilities<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets and <span class=\"_ _1\"></span>financial liabilities are <span class=\"_ _1\"></span>valued on one of<span class=\"_ _1\"></span> tw<span class=\"_ _1\"></span>o bases, defined by<span class=\"_ _1\"></span> IFRS 9:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Financial assets and liabilities carried at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>through pr<span class=\"_ _1\"></span>ofit and loss (\u2018FVTPL<span class=\"_ _e\"></span>\u2019)<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Financial assets and liabilities carried at amortised cost<span class=\"_ _393\"> </span>IFRS 7 \u2013 \u2018Financial Instruments: Disclosures\u2019 r<span class=\"_ _1\"></span>equires <span class=\"_ _1\"></span>that wher<span class=\"_ _0\"></span>e assets are measured at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>these measurements should be classified using the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value hier<span class=\"_ _1\"></span>archy<span class=\"_ _1\"></span> set out in IFRS 13 \u2013 \u2018F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>alue Measurement\u2019<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>This hierar<span class=\"_ _1\"></span>chy<span class=\"_ _1\"></span> reflects <span class=\"_ _1\"></span>the inputs used and defines three lev<span class=\"_ _1\"></span>els:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 1 measur<span class=\"_ _1\"></span>ements are unadjust<span class=\"_ _1\"></span>ed market prices \u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 2 measur<span class=\"_ _1\"></span>ements are deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om directly<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> indirectly<span class=\"_ _1\"></span> observable data, such as mark<span class=\"_ _1\"></span>et prices or<span class=\"_ _1\"></span> rates \u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 3 measur<span class=\"_ _1\"></span>ements rely<span class=\"_ _0\"></span> on significant inputs which are not deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om observable data As quoted prices ar<span class=\"_ _1\"></span>e not av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>el 2 and 3 measurements, <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation is derived <span class=\"_ _1\"></span>from cash <span class=\"_ _1\"></span>flow models based, <span class=\"_ _1\"></span>where possible, on independently sour<span class=\"_ _1\"></span>ced parameters. <span class=\"_ _0\"></span>The accuracy of<span class=\"_ _0\"></span> the calculation would <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore be affect<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> unexpected marke<span class=\"_ _1\"></span>t movements or<span class=\"_ _0\"></span> other v<span class=\"_ _1\"></span>ariances in the operation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the models, or <span class=\"_ _1\"></span>the assumptions used.<span class=\"_ _393\"> </span>The Group had no <span class=\"_ _1\"></span>financial assets or<span class=\"_ _1\"></span> liabilities at 30 September<span class=\"_ _1\"></span> 2025 or 30 Sep<span class=\"_ _1\"></span>tember 2024 carried at<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and v<span class=\"_ _1\"></span>alued using lev<span class=\"_ _1\"></span>el 3 measurements.<span class=\"_ _393\"> </span>The Group has no<span class=\"_ _1\"></span>t reclassified an<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> its measur<span class=\"_ _1\"></span>ements during the <span class=\"_ _1\"></span>year<span class=\"_ _393\"> </span><span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The methods by<span class=\"_ _1\"></span> which <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue is established for<span class=\"_ _1\"></span> each class of<span class=\"_ _1\"></span> financial assets and liabilities ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Assets and liabilities carried at fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span>The f<span class=\"_ _1\"></span>ollowing table summarises <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets and liabilities <span class=\"_ _1\"></span>which are carried at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span><table class=\"s wba h127\" id=\"_47a31fa6-e669-4262-beb5-19f9be2c50ae\"><tr><td></td><td></td><td class=\"c n x24e y3c63 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e51 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w56 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x252 y3c98 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x258 y3c98 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3c98 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e52 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c48 w62 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xee2 y3c48 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n xee3 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">68.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">99.7<span class=\"_ _393\"> </span></div></td></tr></table>All these financial asse<span class=\"_ _1\"></span>ts and financial liabilities ar<span class=\"_ _1\"></span>e requir<span class=\"_ _1\"></span>ed to be carried at <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue by<span class=\"_ _1\"></span> IFRS 9.<span class=\"_ _393\"> </span>The Company<span class=\"_ _1\"></span> has no financial assets or<span class=\"_ _1\"></span> liabilities carried at f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span>Derivativ<span class=\"_ _1\"></span>e financial assets and liabilities<span class=\"_ _393\"> </span>Derivativ<span class=\"_ _1\"></span>e financial instruments are stat<span class=\"_ _1\"></span>ed at their<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>values in the accounts. <span class=\"_ _0\"></span>The Group uses a number o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>techniques to det<span class=\"_ _1\"></span>ermine the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> its derivativ<span class=\"_ _1\"></span>e assets and liabilities, for<span class=\"_ _1\"></span> which observ<span class=\"_ _1\"></span>able prices in active mark<span class=\"_ _1\"></span>ets ar<span class=\"_ _1\"></span>e not av<span class=\"_ _1\"></span>ailable. T<span class=\"_ _1\"></span>hese are principally<span class=\"_ _1\"></span> present <span class=\"_ _1\"></span>value calculations based on estimat<span class=\"_ _1\"></span>ed future cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span>s arising from <span class=\"_ _1\"></span>the instruments, discounted using a mark<span class=\"_ _1\"></span>et inter<span class=\"_ _1\"></span>est rate, adjusted for<span class=\"_ _0\"></span> risk as appropriate. <span class=\"_ _1\"></span>The principal inputs to <span class=\"_ _1\"></span>these v<span class=\"_ _1\"></span>aluation models are SONIA<span class=\"_ _1\"></span> sterling benchmark inter<span class=\"_ _1\"></span>est rates.<span class=\"_ _393\"> </span>In order<span class=\"_ _1\"></span> to de<span class=\"_ _1\"></span>termine the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>values, <span class=\"_ _1\"></span>the management applies <span class=\"_ _1\"></span>valuation adjustments <span class=\"_ _1\"></span>to observed data <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>that data w<span class=\"_ _1\"></span>ould not fully r<span class=\"_ _1\"></span>eflect <span class=\"_ _1\"></span>the attributes of <span class=\"_ _1\"></span>the instrument being <span class=\"_ _1\"></span>valued, such as particular<span class=\"_ _1\"></span> contractual f<span class=\"_ _1\"></span>eatures or<span class=\"_ _1\"></span> the identity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the counterparty<span class=\"_ _0\"></span>. The management r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>the models used on an ongoing basis t<span class=\"_ _1\"></span>o ensure <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>valuations pr<span class=\"_ _1\"></span>oduced are r<span class=\"_ _1\"></span>easonable and re<span class=\"_ _1\"></span>flect all rele<span class=\"_ _1\"></span>vant <span class=\"_ _1\"></span>factors. <span class=\"_ _1\"></span>These <span class=\"_ _1\"></span>valuations ar<span class=\"_ _1\"></span>e based on market inf<span class=\"_ _1\"></span>ormation, and the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e classified as lev<span class=\"_ _1\"></span>el 2 measurements. Details of <span class=\"_ _1\"></span>these assets and liabilities ar<span class=\"_ _1\"></span>e given in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Assets and liabilities carried at amortised cost<span class=\"_ _393\"> </span>The fair<span class=\"_ _0\"></span> values f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>financial assets and financial liabilities held at amortised cost, determined in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the methodologies set out in <span class=\"_ _1\"></span>this note are summarised belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w45d hdf\" id=\"_b731ef65-1b30-4af4-85d4-6f0275e037cc\"><tr><td></td><td></td><td class=\"c n xc41 y3cb3 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xc43 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc44 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc45 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xee4 y3c5d w45e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xee5 y3c5d w45f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n xee6 y3c5d w460 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xee7 y3c5d w461 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x31a y3c5e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c5e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 hbe y3e53 ff68 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h4e y3e54 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c5f w2b0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c5f w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf3 y3c5f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf4 y3c5f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f5 y3c5f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f6 y3c5f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n xee8 y3c60 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n xee9 y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xeea y3c60 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">611.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xeeb y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">422.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w53 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdc y3c40 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdd y3c40 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xcde y3c40 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,357.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeec y3c40 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeed y3c40 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,772.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w221 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c41 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xd37 y3c41 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x799 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xeee y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c42 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,373.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c42 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,375.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeef y3c42 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,674.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xef0 y3c42 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,735.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e55 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w60 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm bank borrowings<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x95d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x904 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w61 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c4e w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n xef2 y3c4e w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,265.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xef3 y3c4e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,260.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xef4 y3c4e w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,298.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xef5 y3c4e w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,334.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f wd2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c4f w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">34<span class=\"_ _393\"> </span></div></td><td class=\"c n xef6 y3c4f w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x351 y3c4f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xef7 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">145.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef8 y3c45 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">32<span class=\"_ _393\"> </span></div></td><td class=\"c n xef9 y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fa y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">501.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xefa y3c45 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xefb y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c62 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">36<span class=\"_ _393\"> </span></div></td><td class=\"c n xcee y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcef y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xefc y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xefd y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xefe y3c65 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xeff y3c65 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xf00 y3c65 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xf01 y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xf02 y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,428.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,424.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeef y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,946.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xef0 y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,978.2<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w462 he9\" id=\"_cd8e9383-3909-4223-8adc-85f69dc3007d\"><tr><td></td><td></td><td class=\"c n xf03 y3c3c w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xf04 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xf05 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xf06 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xf07 y3c3d w45e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xf08 y3c3d w45f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n xf09 y3c3d w460 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0a y3c3d w461 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4e6 y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c3e w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 hbe y3e56 ff68 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3e57 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w2b0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c41 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0b y3c41 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0c y3c41 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e4 y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x903 y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w3b3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup cash deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xce5 y3c42 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0d y3c42 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0e y3c42 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0f y3c42 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf10 y3c42 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w463 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xf11 y3c43 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c43 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f7 y3c43 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3c43 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x399 y3c43 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w221 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c44 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xf12 y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xf13 y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x32c y3c44 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c44 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x843 y3c4e w92 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c4e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c4e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c4e w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e58 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 wd2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c45 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">34<span class=\"_ _393\"> </span></div></td><td class=\"c n xef6 y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x351 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xef7 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">145.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w225 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xf14 y3c50 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xf15 y3c50 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x78c y3c50 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xa21 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf16 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xefe y3c65 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xf17 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xb20 y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x62b y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x62c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x843 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">175.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">174.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">198.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">194.5<span class=\"_ _393\"> </span></div></td></tr></table>The fair<span class=\"_ _0\"></span> values of<span class=\"_ _1\"></span> retail deposits, corpor<span class=\"_ _1\"></span>ate bonds and cov<span class=\"_ _1\"></span>ered bonds shown abo<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>will include amounts for<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated accrued interest.<span class=\"_ _393\"> </span>Cash, sale and repurchase agr<span class=\"_ _1\"></span>eements, and bank borro<span class=\"_ _1\"></span>wings<span class=\"_ _393\"> </span>The fair<span class=\"_ _0\"></span> values of<span class=\"_ _1\"></span> cash and cash equivalents, sale and r<span class=\"_ _1\"></span>epurchase agr<span class=\"_ _1\"></span>eements and bank borr<span class=\"_ _1\"></span>owings, which ar<span class=\"_ _1\"></span>e carried at amortised cost, are consider<span class=\"_ _1\"></span>ed to be no<span class=\"_ _1\"></span>t materially diff<span class=\"_ _1\"></span>erent <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>their book<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues. In arriving at that conclusion mark<span class=\"_ _1\"></span>et inputs hav<span class=\"_ _1\"></span>e been considered but because all <span class=\"_ _1\"></span>the assets and the sale and r<span class=\"_ _1\"></span>epur<span class=\"_ _1\"></span>chase agreements matur<span class=\"_ _1\"></span>e within <span class=\"_ _1\"></span>three months of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end and the interest r<span class=\"_ _1\"></span>ates charged on <span class=\"_ _1\"></span>financial liabilities reset<span class=\"_ _1\"></span> to mark<span class=\"_ _1\"></span>et rates on a quarterly<span class=\"_ _0\"></span> basis, little difference arises. T<span class=\"_ _1\"></span>his also applies to <span class=\"_ _1\"></span>the Company\u2019<span class=\"_ _0\"></span>s loans to its subsidiaries. As these <span class=\"_ _1\"></span>valuation ex<span class=\"_ _1\"></span>ercises ar<span class=\"_ _1\"></span>e not <span class=\"_ _1\"></span>wholly mark<span class=\"_ _1\"></span>et-based, <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are consider<span class=\"_ _1\"></span>ed to be le<span class=\"_ _1\"></span>vel 2 measur<span class=\"_ _1\"></span>ements.<span class=\"_ _393\"> </span>Investmen<span class=\"_ _1\"></span>t securities<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment<span class=\"_ _1\"></span> securities are of<span class=\"_ _1\"></span> types <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> which a liquid mark<span class=\"_ _1\"></span>et exists, and <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>which quoted prices ar<span class=\"_ _1\"></span>e av<span class=\"_ _1\"></span>ailable. It is theref<span class=\"_ _1\"></span>ore appr<span class=\"_ _1\"></span>opriate to consider<span class=\"_ _0\"></span> that the mark<span class=\"_ _1\"></span>et price of<span class=\"_ _1\"></span> these assets constitutes a <span class=\"_ _1\"></span>fair <span class=\"_ _0\"></span>value. As <span class=\"_ _1\"></span>this v<span class=\"_ _1\"></span>aluation is based on a market price it is considered <span class=\"_ _1\"></span>to be a lev<span class=\"_ _1\"></span>el 1 measurement.<span class=\"_ _393\"> </span>L<span class=\"_ _1\"></span>oans to customers<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o assess <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loan assets in the absence of a liquid mark<span class=\"_ _1\"></span>et, <span class=\"_ _1\"></span>the directors ha<span class=\"_ _1\"></span>ve consider<span class=\"_ _1\"></span>ed the estimated cash flow<span class=\"_ _1\"></span>s expected <span class=\"_ _1\"></span>to arise fr<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s inv<span class=\"_ _1\"></span>estments in its loans to customers based on a mixtur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> market<span class=\"_ _1\"></span>-based inputs, such as rates and pricing and non-mark<span class=\"_ _1\"></span>et based inputs such as redemp<span class=\"_ _1\"></span>tion rates. Given <span class=\"_ _1\"></span>the mixture o<span class=\"_ _1\"></span>f observ<span class=\"_ _1\"></span>able and non-observable inputs these ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be lev<span class=\"_ _1\"></span>el 3 measurements.<span class=\"_ _393\"> </span>Corporate debt<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s corporate bonds and cov<span class=\"_ _1\"></span>ered bonds ar<span class=\"_ _1\"></span>e listed on <span class=\"_ _1\"></span>the London Stock<span class=\"_ _1\"></span> Exchange and <span class=\"_ _1\"></span>there is pr<span class=\"_ _1\"></span>esently<span class=\"_ _1\"></span> a reasonably<span class=\"_ _1\"></span> liquid market in <span class=\"_ _1\"></span>the instruments. It is <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore appr<span class=\"_ _1\"></span>opriate to consider<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> the mark<span class=\"_ _1\"></span>et price of<span class=\"_ _1\"></span> these borr<span class=\"_ _1\"></span>owings constitutes a f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value. <span class=\"_ _0\"></span>As this v<span class=\"_ _1\"></span>aluation is based on a market<span class=\"_ _1\"></span> price, it is considered <span class=\"_ _1\"></span>to be a lev<span class=\"_ _1\"></span>el 1 measurement.<span class=\"_ _393\"> </span>Retail deposits<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o assess <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s retail deposit liabilities, the dir<span class=\"_ _1\"></span>ectors hav<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>the estimated cash flo<span class=\"_ _1\"></span>ws expected to arise based on a mixture o<span class=\"_ _1\"></span>f mark<span class=\"_ _1\"></span>et based inputs, such as rates and pricing and non-mark<span class=\"_ _1\"></span>et based inputs such as <span class=\"_ _1\"></span>withdrawal r<span class=\"_ _1\"></span>ates. Given <span class=\"_ _1\"></span>the mixture of<span class=\"_ _1\"></span> observable and non-observ<span class=\"_ _1\"></span>able inputs, these ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be le<span class=\"_ _1\"></span>vel 3 measurements.<span class=\"_ _393\"> </span>Sundry assets and liabilities<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alues of <span class=\"_ _1\"></span>financial assets and liabilities disclosed as sundry<span class=\"_ _1\"></span> assets and sundry liabilities ar<span class=\"_ _1\"></span>e not consider<span class=\"_ _1\"></span>ed to be materially<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent to their carrying v<span class=\"_ _1\"></span>alues.<span class=\"_ _393\"> </span>These assets and liabilities ar<span class=\"_ _1\"></span>e of r<span class=\"_ _1\"></span>elatively<span class=\"_ _1\"></span> low<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and may<span class=\"_ _1\"></span> be settled at their<span class=\"_ _1\"></span> carrying <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the balance sheet date or<span class=\"_ _1\"></span> shortly ther<span class=\"_ _1\"></span>eafter<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "67<span class=\"_ _0\"></span>. <span class=\"_ _190\"> </span>Financial assets and financial liabilities<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets and <span class=\"_ _1\"></span>financial liabilities are <span class=\"_ _1\"></span>valued on one of<span class=\"_ _1\"></span> tw<span class=\"_ _1\"></span>o bases, defined by<span class=\"_ _1\"></span> IFRS 9:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Financial assets and liabilities carried at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>through pr<span class=\"_ _1\"></span>ofit and loss (\u2018FVTPL<span class=\"_ _e\"></span>\u2019)<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Financial assets and liabilities carried at amortised cost<span class=\"_ _393\"> </span>IFRS 7 \u2013 \u2018Financial Instruments: Disclosures\u2019 r<span class=\"_ _1\"></span>equires <span class=\"_ _1\"></span>that wher<span class=\"_ _0\"></span>e assets are measured at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _1\"></span>these measurements should be classified using the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value hier<span class=\"_ _1\"></span>archy<span class=\"_ _1\"></span> set out in IFRS 13 \u2013 \u2018F<span class=\"_ _0\"></span>air <span class=\"_ _1\"></span>V<span class=\"_ _0\"></span>alue Measurement\u2019<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>This hierar<span class=\"_ _1\"></span>chy<span class=\"_ _1\"></span> reflects <span class=\"_ _1\"></span>the inputs used and defines three lev<span class=\"_ _1\"></span>els:<span class=\"_ _393\"> </span>\u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 1 measur<span class=\"_ _1\"></span>ements are unadjust<span class=\"_ _1\"></span>ed market prices \u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 2 measur<span class=\"_ _1\"></span>ements are deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om directly<span class=\"_ _1\"></span> or<span class=\"_ _1\"></span> indirectly<span class=\"_ _1\"></span> observable data, such as mark<span class=\"_ _1\"></span>et prices or<span class=\"_ _1\"></span> rates \u2022 <span class=\"_ _6\"> </span>Le<span class=\"_ _1\"></span>vel 3 measur<span class=\"_ _1\"></span>ements rely<span class=\"_ _0\"></span> on significant inputs which are not deriv<span class=\"_ _1\"></span>ed fr<span class=\"_ _1\"></span>om observable data As quoted prices ar<span class=\"_ _1\"></span>e not av<span class=\"_ _1\"></span>ailable for<span class=\"_ _1\"></span> lev<span class=\"_ _1\"></span>el 2 and 3 measurements, <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>aluation is derived <span class=\"_ _1\"></span>from cash <span class=\"_ _1\"></span>flow models based, <span class=\"_ _1\"></span>where possible, on independently sour<span class=\"_ _1\"></span>ced parameters. <span class=\"_ _0\"></span>The accuracy of<span class=\"_ _0\"></span> the calculation would <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore be affect<span class=\"_ _1\"></span>ed by<span class=\"_ _1\"></span> unexpected marke<span class=\"_ _1\"></span>t movements or<span class=\"_ _0\"></span> other v<span class=\"_ _1\"></span>ariances in the operation o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the models, or <span class=\"_ _1\"></span>the assumptions used.<span class=\"_ _393\"> </span>The Group had no <span class=\"_ _1\"></span>financial assets or<span class=\"_ _1\"></span> liabilities at 30 September<span class=\"_ _1\"></span> 2025 or 30 Sep<span class=\"_ _1\"></span>tember 2024 carried at<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and v<span class=\"_ _1\"></span>alued using lev<span class=\"_ _1\"></span>el 3 measurements.<span class=\"_ _393\"> </span>The Group has no<span class=\"_ _1\"></span>t reclassified an<span class=\"_ _1\"></span>y of<span class=\"_ _1\"></span> its measur<span class=\"_ _1\"></span>ements during the <span class=\"_ _1\"></span>year<span class=\"_ _393\"> </span><span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The methods by<span class=\"_ _1\"></span> which <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue is established for<span class=\"_ _1\"></span> each class of<span class=\"_ _1\"></span> financial assets and liabilities ar<span class=\"_ _1\"></span>e set out belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>(a<span class=\"_ _1\"></span>) <span class=\"_ _0\"></span> <span class=\"_ _34\"> </span>Assets and liabilities carried at fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue<span class=\"_ _393\"> </span>The f<span class=\"_ _1\"></span>ollowing table summarises <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s financial assets and liabilities <span class=\"_ _1\"></span>which are carried at <span class=\"_ _1\"></span>fair <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span><table class=\"s wba h127\" id=\"_47a31fa6-e669-4262-beb5-19f9be2c50ae\"><tr><td></td><td></td><td class=\"c n x24e y3c63 w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n x24f y3c63 w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x250 y3c4e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x251 y3c4e w14 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e51 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c98 w56 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n x252 y3c98 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n x258 y3c98 w52 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">275.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x57a y3c98 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">391.8<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e52 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c48 w62 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Derivativ<span class=\"_ _1\"></span>e financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xee2 y3c48 w76 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">24<span class=\"_ _393\"> </span></div></td><td class=\"c n xee3 y3c48 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">68.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x208 y3c48 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">99.7<span class=\"_ _393\"> </span></div></td></tr></table>All these financial asse<span class=\"_ _1\"></span>ts and financial liabilities ar<span class=\"_ _1\"></span>e requir<span class=\"_ _1\"></span>ed to be carried at <span class=\"_ _1\"></span>fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue by<span class=\"_ _1\"></span> IFRS 9.<span class=\"_ _393\"> </span>The Company<span class=\"_ _1\"></span> has no financial assets or<span class=\"_ _1\"></span> liabilities carried at f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value.<span class=\"_ _393\"> </span>Derivativ<span class=\"_ _1\"></span>e financial assets and liabilities<span class=\"_ _393\"> </span>Derivativ<span class=\"_ _1\"></span>e financial instruments are stat<span class=\"_ _1\"></span>ed at their<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>values in the accounts. <span class=\"_ _0\"></span>The Group uses a number o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>techniques to det<span class=\"_ _1\"></span>ermine the fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues of<span class=\"_ _1\"></span> its derivativ<span class=\"_ _1\"></span>e assets and liabilities, for<span class=\"_ _1\"></span> which observ<span class=\"_ _1\"></span>able prices in active mark<span class=\"_ _1\"></span>ets ar<span class=\"_ _1\"></span>e not av<span class=\"_ _1\"></span>ailable. T<span class=\"_ _1\"></span>hese are principally<span class=\"_ _1\"></span> present <span class=\"_ _1\"></span>value calculations based on estimat<span class=\"_ _1\"></span>ed future cash <span class=\"_ _1\"></span>flow<span class=\"_ _1\"></span>s arising from <span class=\"_ _1\"></span>the instruments, discounted using a mark<span class=\"_ _1\"></span>et inter<span class=\"_ _1\"></span>est rate, adjusted for<span class=\"_ _0\"></span> risk as appropriate. <span class=\"_ _1\"></span>The principal inputs to <span class=\"_ _1\"></span>these v<span class=\"_ _1\"></span>aluation models are SONIA<span class=\"_ _1\"></span> sterling benchmark inter<span class=\"_ _1\"></span>est rates.<span class=\"_ _393\"> </span>In order<span class=\"_ _1\"></span> to de<span class=\"_ _1\"></span>termine the f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>values, <span class=\"_ _1\"></span>the management applies <span class=\"_ _1\"></span>valuation adjustments <span class=\"_ _1\"></span>to observed data <span class=\"_ _1\"></span>where <span class=\"_ _1\"></span>that data w<span class=\"_ _1\"></span>ould not fully r<span class=\"_ _1\"></span>eflect <span class=\"_ _1\"></span>the attributes of <span class=\"_ _1\"></span>the instrument being <span class=\"_ _1\"></span>valued, such as particular<span class=\"_ _1\"></span> contractual f<span class=\"_ _1\"></span>eatures or<span class=\"_ _1\"></span> the identity<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the counterparty<span class=\"_ _0\"></span>. The management r<span class=\"_ _1\"></span>evie<span class=\"_ _1\"></span>ws <span class=\"_ _1\"></span>the models used on an ongoing basis t<span class=\"_ _1\"></span>o ensure <span class=\"_ _1\"></span>that the <span class=\"_ _1\"></span>valuations pr<span class=\"_ _1\"></span>oduced are r<span class=\"_ _1\"></span>easonable and re<span class=\"_ _1\"></span>flect all rele<span class=\"_ _1\"></span>vant <span class=\"_ _1\"></span>factors. <span class=\"_ _1\"></span>These <span class=\"_ _1\"></span>valuations ar<span class=\"_ _1\"></span>e based on market inf<span class=\"_ _1\"></span>ormation, and the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e classified as lev<span class=\"_ _1\"></span>el 2 measurements. Details of <span class=\"_ _1\"></span>these assets and liabilities ar<span class=\"_ _1\"></span>e given in note 24<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>(b) <span class=\"_ _14\"></span> <span class=\"_ _34\"> </span>Assets and liabilities carried at amortised cost<span class=\"_ _393\"> </span>The fair<span class=\"_ _0\"></span> values f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>financial assets and financial liabilities held at amortised cost, determined in accor<span class=\"_ _1\"></span>dance with <span class=\"_ _1\"></span>the methodologies set out in <span class=\"_ _1\"></span>this note are summarised belo<span class=\"_ _1\"></span>w<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span><table class=\"s w45d hdf\" id=\"_b731ef65-1b30-4af4-85d4-6f0275e037cc\"><tr><td></td><td></td><td class=\"c n xc41 y3cb3 w4d hc8\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xc43 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xc44 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xc45 y3cb3 w11 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xee4 y3c5d w45e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xee5 y3c5d w45f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n xee6 y3c5d w460 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xee7 y3c5d w461 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x31a y3c5e w13 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x31b y3c5e w82 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x77f y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x780 y3c5e w94 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 hbe y3e53 ff68 fs4 fc1 sc0 ls0 ws0\">The Group<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1d4 h4e y3e54 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c5f w2b0 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c5f w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf3 y3c5f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf4 y3c5f w17 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2,389.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f5 y3c5f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x1f6 y3c5f w4f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2,525.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w51 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Inves<span class=\"_ _1\"></span>tment securities<span class=\"_ _393\"> </span></div></td><td class=\"c n xee8 y3c60 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">15<span class=\"_ _393\"> </span></div></td><td class=\"c n xee9 y3c60 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">626.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xeea y3c60 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">611.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xeeb y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">427.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f5 y3c60 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">422.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w53 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Loans to customer<span class=\"_ _1\"></span>s<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdc y3c40 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">16<span class=\"_ _393\"> </span></div></td><td class=\"c n xcdd y3c40 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,341.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xcde y3c40 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,357.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeec y3c40 w55 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,705.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeed y3c40 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15,772.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w221 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c41 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xd37 y3c41 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x799 y3c41 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xeee y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x3ac y3c41 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">15.8<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c42 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,373.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c42 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19,375.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xeef y3c42 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,674.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xef0 y3c42 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18,735.7<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e55 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c63 w60 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Short-t<span class=\"_ _1\"></span>erm bank borrowings<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n x95d y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x789 y3c63 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x904 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e7 y3c63 w49 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.4<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w61 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Ret<span class=\"_ _1\"></span>ail deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c4e w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">31<span class=\"_ _393\"> </span></div></td><td class=\"c n xef2 y3c4e w159 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,265.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xef3 y3c4e w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">16,260.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xef4 y3c4e w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,298.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xef5 y3c4e w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,334.2<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f wd2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c4f w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">34<span class=\"_ _393\"> </span></div></td><td class=\"c n xef6 y3c4f w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">150.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x351 y3c4f w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xef7 y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c4f w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">145.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w64 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Covered bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef8 y3c45 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">32<span class=\"_ _393\"> </span></div></td><td class=\"c n xef9 y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">499.2<span class=\"_ _393\"> </span></div></td><td class=\"c n x4fa y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">501.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xefa y3c45 w66 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td><td class=\"c n xefb y3c45 w34 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">-<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w69 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sale and repurchase agr<span class=\"_ _1\"></span>eements<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c62 w30 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">36<span class=\"_ _393\"> </span></div></td><td class=\"c n xcee y3c62 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xcef y3c62 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xefc y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td><td class=\"c n xefd y3c62 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">100.0<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xefe y3c65 w33 hca\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xeff y3c65 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xf00 y3c65 w52 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">413.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xf01 y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xf02 y3c65 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">398.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcfa y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,428.9<span class=\"_ _393\"> </span></div></td><td class=\"c n xcfb y3c48 w5e hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17,424.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xeef y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,946.4<span class=\"_ _393\"> </span></div></td><td class=\"c n xef0 y3c48 w5f hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">16,978.2<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w462 he9\" id=\"_cd8e9383-3909-4223-8adc-85f69dc3007d\"><tr><td></td><td></td><td class=\"c n xf03 y3c3c w4d hcd\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">Note<span class=\"_ _8f\"> </span><span class=\"ff49\">2025<span class=\"_ _393\"> </span></span></div></td><td class=\"c n xf04 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">2025<span class=\"_ _393\"> </span></div></td><td class=\"c n xf05 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td><td class=\"c n xf06 y3c3c w11 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">2024<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xf07 y3c3d w45e hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xf08 y3c3d w45f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">F<span class=\"_ _1\"></span>air value<span class=\"_ _393\"> </span></div></td><td class=\"c n xf09 y3c3d w460 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Carrying amount<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0a y3c3d w461 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x4e6 y3c3e w13 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e7 y3c3e w82 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e8 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td><td class=\"c n x4e9 y3c3e w94 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">\u00a3m<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 hbe y3e56 ff68 fs4 fc1 sc0 ls0 ws0\">The Company<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x1e3 h4e y3e57 ff49 fs4 fc1 sc0 ls0 ws0\">Financial assets<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c41 w2b0 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Cash<span class=\"_ _393\"> </span></div></td><td class=\"c n xcf2 y3c41 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">14<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0b y3c41 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0c y3c41 w21 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">17.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x3e4 y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td><td class=\"c n x903 y3c41 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w3b3 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Intra-gr<span class=\"_ _1\"></span>oup cash deposits<span class=\"_ _393\"> </span></div></td><td class=\"c n xce5 y3c42 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0d y3c42 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0e y3c42 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">65.3<span class=\"_ _393\"> </span></div></td><td class=\"c n xf0f y3c42 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf10 y3c42 w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">107.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c43 w463 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed to gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xf11 y3c43 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n x785 y3c43 w8f hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x8f7 y3c43 w5a hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">19.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x424 y3c43 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x399 y3c43 w22 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">20.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c44 w221 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Sundry financial assets<span class=\"_ _393\"> </span></div></td><td class=\"c n xced y3c44 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">25<span class=\"_ _393\"> </span></div></td><td class=\"c n xf12 y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n xf13 y3c44 w27 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x32c y3c44 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td><td class=\"c n x3c3 y3c44 w49 hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">0.1<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x843 y3c4e w92 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c4e w1d hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">102.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c4e w1e hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.9<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c4e w4b hcd\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">146.9<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e58 ff49 fs4 fc1 sc0 ls0 ws0\">Financial liabilities<span class=\"_ _393\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c45 wd2 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Corporat<span class=\"_ _1\"></span>e bonds<span class=\"_ _393\"> </span></div></td><td class=\"c n xef1 y3c45 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">34<span class=\"_ _393\"> </span></div></td><td class=\"c n xef6 y3c45 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.8<span class=\"_ _393\"> </span></div></td><td class=\"c n x351 y3c45 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">149.2<span class=\"_ _393\"> </span></div></td><td class=\"c n xef7 y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">149.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xb1f y3c45 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">145.5<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c50 w225 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Amounts owed by gr<span class=\"_ _1\"></span>oup companies<span class=\"_ _393\"> </span></div></td><td class=\"c n xf14 y3c50 w30 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xf15 y3c50 w8f hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n x78c y3c50 w21 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">24.5<span class=\"_ _393\"> </span></div></td><td class=\"c n xa21 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td><td class=\"c n xf16 y3c50 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">23.6<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w258 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">Other financial liabilities<span class=\"_ _393\"> </span></div></td><td class=\"c n xefe y3c65 w33 hc9\"><div class=\"t m0 x19e h4e y3c31 ff66 fs4 fc1 sc0 ls0 ws0\">37<span class=\"_ _393\"> </span></div></td><td class=\"c n xf17 y3c65 w27 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n xb20 y3c65 w8b hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">0.7<span class=\"_ _393\"> </span></div></td><td class=\"c n x62b y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x62c y3c65 w22 hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">25.4<span class=\"_ _393\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x843 y3c48 w92 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">175.0<span class=\"_ _393\"> </span></div></td><td class=\"c n x844 y3c48 w1d hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">174.4<span class=\"_ _393\"> </span></div></td><td class=\"c n x845 y3c48 w1e hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">198.6<span class=\"_ _393\"> </span></div></td><td class=\"c n x846 y3c48 w4b hc8\"><div class=\"t m0 x19e h4e y3c31 ff4a fs4 fc1 sc0 ls0 ws0\">194.5<span class=\"_ _393\"> </span></div></td></tr></table>The fair<span class=\"_ _0\"></span> values of<span class=\"_ _1\"></span> retail deposits, corpor<span class=\"_ _1\"></span>ate bonds and cov<span class=\"_ _1\"></span>ered bonds shown abo<span class=\"_ _1\"></span>ve <span class=\"_ _1\"></span>will include amounts for<span class=\"_ _1\"></span> the r<span class=\"_ _1\"></span>elated accrued interest.<span class=\"_ _393\"> </span>Cash, sale and repurchase agr<span class=\"_ _1\"></span>eements, and bank borro<span class=\"_ _1\"></span>wings<span class=\"_ _393\"> </span>The fair<span class=\"_ _0\"></span> values of<span class=\"_ _1\"></span> cash and cash equivalents, sale and r<span class=\"_ _1\"></span>epurchase agr<span class=\"_ _1\"></span>eements and bank borr<span class=\"_ _1\"></span>owings, which ar<span class=\"_ _1\"></span>e carried at amortised cost, are consider<span class=\"_ _1\"></span>ed to be no<span class=\"_ _1\"></span>t materially diff<span class=\"_ _1\"></span>erent <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>their book<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alues. In arriving at that conclusion mark<span class=\"_ _1\"></span>et inputs hav<span class=\"_ _1\"></span>e been considered but because all <span class=\"_ _1\"></span>the assets and the sale and r<span class=\"_ _1\"></span>epur<span class=\"_ _1\"></span>chase agreements matur<span class=\"_ _1\"></span>e within <span class=\"_ _1\"></span>three months of<span class=\"_ _1\"></span> the <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end and the interest r<span class=\"_ _1\"></span>ates charged on <span class=\"_ _1\"></span>financial liabilities reset<span class=\"_ _1\"></span> to mark<span class=\"_ _1\"></span>et rates on a quarterly<span class=\"_ _0\"></span> basis, little difference arises. T<span class=\"_ _1\"></span>his also applies to <span class=\"_ _1\"></span>the Company\u2019<span class=\"_ _0\"></span>s loans to its subsidiaries. As these <span class=\"_ _1\"></span>valuation ex<span class=\"_ _1\"></span>ercises ar<span class=\"_ _1\"></span>e not <span class=\"_ _1\"></span>wholly mark<span class=\"_ _1\"></span>et-based, <span class=\"_ _1\"></span>they<span class=\"_ _1\"></span> are consider<span class=\"_ _1\"></span>ed to be le<span class=\"_ _1\"></span>vel 2 measur<span class=\"_ _1\"></span>ements.<span class=\"_ _393\"> </span>Investmen<span class=\"_ _1\"></span>t securities<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s investment<span class=\"_ _1\"></span> securities are of<span class=\"_ _1\"></span> types <span class=\"_ _1\"></span>for<span class=\"_ _1\"></span> which a liquid mark<span class=\"_ _1\"></span>et exists, and <span class=\"_ _1\"></span>for <span class=\"_ _1\"></span>which quoted prices ar<span class=\"_ _1\"></span>e av<span class=\"_ _1\"></span>ailable. It is theref<span class=\"_ _1\"></span>ore appr<span class=\"_ _1\"></span>opriate to consider<span class=\"_ _0\"></span> that the mark<span class=\"_ _1\"></span>et price of<span class=\"_ _1\"></span> these assets constitutes a <span class=\"_ _1\"></span>fair <span class=\"_ _0\"></span>value. As <span class=\"_ _1\"></span>this v<span class=\"_ _1\"></span>aluation is based on a market price it is considered <span class=\"_ _1\"></span>to be a lev<span class=\"_ _1\"></span>el 1 measurement.<span class=\"_ _393\"> </span>L<span class=\"_ _1\"></span>oans to customers<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o assess <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s loan assets in the absence of a liquid mark<span class=\"_ _1\"></span>et, <span class=\"_ _1\"></span>the directors ha<span class=\"_ _1\"></span>ve consider<span class=\"_ _1\"></span>ed the estimated cash flow<span class=\"_ _1\"></span>s expected <span class=\"_ _1\"></span>to arise fr<span class=\"_ _1\"></span>om the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s inv<span class=\"_ _1\"></span>estments in its loans to customers based on a mixtur<span class=\"_ _1\"></span>e of<span class=\"_ _1\"></span> market<span class=\"_ _1\"></span>-based inputs, such as rates and pricing and non-mark<span class=\"_ _1\"></span>et based inputs such as redemp<span class=\"_ _1\"></span>tion rates. Given <span class=\"_ _1\"></span>the mixture o<span class=\"_ _1\"></span>f observ<span class=\"_ _1\"></span>able and non-observable inputs these ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be lev<span class=\"_ _1\"></span>el 3 measurements.<span class=\"_ _393\"> </span>Corporate debt<span class=\"_ _393\"> </span>The Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s corporate bonds and cov<span class=\"_ _1\"></span>ered bonds ar<span class=\"_ _1\"></span>e listed on <span class=\"_ _1\"></span>the London Stock<span class=\"_ _1\"></span> Exchange and <span class=\"_ _1\"></span>there is pr<span class=\"_ _1\"></span>esently<span class=\"_ _1\"></span> a reasonably<span class=\"_ _1\"></span> liquid market in <span class=\"_ _1\"></span>the instruments. It is <span class=\"_ _1\"></span>theref<span class=\"_ _1\"></span>ore appr<span class=\"_ _1\"></span>opriate to consider<span class=\"_ _1\"></span> that<span class=\"_ _1\"></span> the mark<span class=\"_ _1\"></span>et price of<span class=\"_ _1\"></span> these borr<span class=\"_ _1\"></span>owings constitutes a f<span class=\"_ _1\"></span>air <span class=\"_ _1\"></span>value. <span class=\"_ _0\"></span>As this v<span class=\"_ _1\"></span>aluation is based on a market<span class=\"_ _1\"></span> price, it is considered <span class=\"_ _1\"></span>to be a lev<span class=\"_ _1\"></span>el 1 measurement.<span class=\"_ _393\"> </span>Retail deposits<span class=\"_ _393\"> </span>T<span class=\"_ _0\"></span>o assess <span class=\"_ _1\"></span>the likely<span class=\"_ _1\"></span> fair<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s retail deposit liabilities, the dir<span class=\"_ _1\"></span>ectors hav<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>the estimated cash flo<span class=\"_ _1\"></span>ws expected to arise based on a mixture o<span class=\"_ _1\"></span>f mark<span class=\"_ _1\"></span>et based inputs, such as rates and pricing and non-mark<span class=\"_ _1\"></span>et based inputs such as <span class=\"_ _1\"></span>withdrawal r<span class=\"_ _1\"></span>ates. Given <span class=\"_ _1\"></span>the mixture of<span class=\"_ _1\"></span> observable and non-observ<span class=\"_ _1\"></span>able inputs, these ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be le<span class=\"_ _1\"></span>vel 3 measurements.<span class=\"_ _393\"> </span>Sundry assets and liabilities<span class=\"_ _393\"> </span>F<span class=\"_ _0\"></span>air v<span class=\"_ _1\"></span>alues of <span class=\"_ _1\"></span>financial assets and liabilities disclosed as sundry<span class=\"_ _1\"></span> assets and sundry liabilities ar<span class=\"_ _1\"></span>e not consider<span class=\"_ _1\"></span>ed to be materially<span class=\"_ _1\"></span> differ<span class=\"_ _1\"></span>ent to their carrying v<span class=\"_ _1\"></span>alues.<span class=\"_ _393\"> </span>These assets and liabilities ar<span class=\"_ _1\"></span>e of r<span class=\"_ _1\"></span>elatively<span class=\"_ _1\"></span> low<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>alue and may<span class=\"_ _1\"></span> be settled at their<span class=\"_ _1\"></span> carrying <span class=\"_ _1\"></span>value at <span class=\"_ _1\"></span>the balance sheet date or<span class=\"_ _1\"></span> shortly ther<span class=\"_ _1\"></span>eafter<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "68. <span class=\"_ _2\"></span>Details of subsidiary<span class=\"_ _0\"></span> undertakings<span class=\"_ _393\"> </span>Subsidiary undertakings of<span class=\"_ _0\"></span> the Group at 30 September<span class=\"_ _1\"></span> 2025, wher<span class=\"_ _1\"></span>e the shar<span class=\"_ _0\"></span>e capital is held within the Group ar<span class=\"_ _1\"></span>e shown belo<span class=\"_ _1\"></span>w. <span class=\"_ _0\"></span>The holdings shown ar<span class=\"_ _1\"></span>e those held within <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he shareholdings of<span class=\"_ _1\"></span> the Compan<span class=\"_ _1\"></span>y in <span class=\"_ _1\"></span>the direct subsidiaries list<span class=\"_ _1\"></span>ed below ar<span class=\"_ _1\"></span>e the same as those held b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the Group, ex<span class=\"_ _1\"></span>cept <span class=\"_ _1\"></span>that f<span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>the shareholding mark<span class=\"_ _1\"></span>ed * the Company<span class=\"_ _0\"></span> holds only 7<span class=\"_ _1\"></span>4% of<span class=\"_ _1\"></span> the shar<span class=\"_ _1\"></span>e capital. In this case, the r<span class=\"_ _1\"></span>emainder is held b<span class=\"_ _1\"></span>y other<span class=\"_ _0\"></span> group companies.<span class=\"_ _393\"> </span>The issued share capital o<span class=\"_ _1\"></span>f all subsidiaries consists of<span class=\"_ _0\"></span> ordinary shar<span class=\"_ _1\"></span>e capital. <table class=\"s w464 h136\" id=\"_b2d18619-e8db-4b99-a8e0-c9f3ba2a08ca\"><tr><td class=\"c n x1a7 y3e59 w465 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e59 w466 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Holding<span class=\"_ _393\"> </span></div></td><td class=\"c n xf19 y3e59 w467 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1d4 h4e y3e5a ff49 fs4 fc1 sc0 ls0 ws0\">Direct subsidiaries of P<span class=\"_ _1\"></span>aragon Banking Gr<span class=\"_ _1\"></span>oup PLC<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c34 w468 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Bank PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1a y3c34 w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1b y3c34 w469 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Deposit taking, residential mortgages and loan and vehicle finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c35 w46a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Car Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1c y3c35 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1d y3c35 w46c hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">V<span class=\"_ _1\"></span>ehicle Finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c36 w46d hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Idem Capital Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1e y3c36 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1f y3c36 w2c5 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Intermedia<span class=\"_ _1\"></span>te holding company<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cdc w46e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Redbrick Survey and V<span class=\"_ _0\"></span>aluation Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf20 y3cdc w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf21 y3cdc w46f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Sur<span class=\"_ _2\"></span>vey<span class=\"_ _1\"></span>ors and property c<span class=\"_ _1\"></span>onsulting<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cdd w442 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 12) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf22 y3cdd w470 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100% *<span class=\"_ _393\"> </span></div></td><td class=\"c n xf23 y3cdd w471 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c38 w472 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Colonial Finance (UK) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf24 y3c38 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf25 y3c38 w473 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c39 w474 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Earlswood Finance Limit<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n xf26 y3c39 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf27 y3c39 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3a w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (1) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c3a w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c3a w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5d w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (2) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c5d w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c5d w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5e w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (4) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c5e w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c5e w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3c w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (5) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c3c w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c3c w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c3d w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (6) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c3d w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c3d w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c5f w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (7) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c5f w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c5f w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c60 w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (8) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c60 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c60 w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c40 w476 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (9) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3c40 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3c40 w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c41 w478 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Herbert (10) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2a y3c41 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2b y3c41 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c42 w479 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Moorg<span class=\"_ _1\"></span>ate Asset Administr<span class=\"_ _0\"></span>ation Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2c y3c42 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2d y3c42 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c61 w47a hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Car Finance (1) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2e y3c61 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2f y3c61 w473 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c63 w47b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 5) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf30 y3c63 w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf31 y3c63 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4e w47c hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon P<span class=\"_ _1\"></span>ension Investmen<span class=\"_ _1\"></span>ts GP Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf32 y3c4e w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf33 y3c4e w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c4f w47d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon P<span class=\"_ _1\"></span>ension Plan T<span class=\"_ _0\"></span>rustees Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf34 y3c4f w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf35 y3c4f w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c45 w47e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon P<span class=\"_ _1\"></span>ersonal Finance (1) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf36 y3c45 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2f y3c45 w473 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c62 w47f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Universal Cr<span class=\"_ _1\"></span>edit Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3c62 w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf37 y3c62 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c65 w480 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>orkshire Freeholds Limit<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n xf38 y3c65 w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf39 y3c65 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w481 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Y<span class=\"_ _0\"></span>orkshire Leaseholds Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf32 y3c48 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf33 y3c48 w475 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr></table><table class=\"s w482 h137\" id=\"_b586331c-8b93-4247-87dc-a65834ca3069\"><tr><td class=\"c n x1a7 y3e5b w465 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e5b w466 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Holding<span class=\"_ _393\"> </span></div></td><td class=\"c n xf19 y3e5b w467 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e5c ff49 fs4 fc1 sc0 ls0 ws0\">Direct and indirect subsidiaries of P<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agon Bank PLC<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3e5d w483 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Finance PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3e5d w46b hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3e5d w484 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages and asset administr<span class=\"_ _1\"></span>ation<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e5e w485 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage T<span class=\"_ _0\"></span>rust Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf28 y3e5e w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf29 y3e5e w471 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">R<span class=\"_ _1\"></span>esidential mortgages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e5f w486 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3e5f w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3e5f w487 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e60 w488 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (2010) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3e60 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3e60 w487 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e61 wf5 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Mortgage T<span class=\"_ _0\"></span>rust Services PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1e y3e61 w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf1f y3e61 w489 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages and asset administr<span class=\"_ _0\"></span>ation<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e62 w48a hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Asset Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3c y3e62 w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf23 y3e62 wf2 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding company<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e63 w48b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Business Finance PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2c y3e63 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf2d y3e63 w136 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e64 w48c hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Developmen<span class=\"_ _1\"></span>t Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3d y3e64 w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3e y3e64 w48d hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Development Finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e65 w48e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Developmen<span class=\"_ _1\"></span>t Finance Services Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf26 y3e65 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3f y3e65 w48f hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Developmen<span class=\"_ _1\"></span>t Finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e66 w490 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">PBAF Acquisitions Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e66 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf37 y3e66 w491 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages and loan finance<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e67 w492 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Premier Asset Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf40 y3e67 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf27 y3e67 w493 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance brok<span class=\"_ _0\"></span>er<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e68 w494 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Specialist Fleet Services Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf24 y3e68 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf25 y3e68 w495 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Asset finance and contract hir<span class=\"_ _1\"></span>e<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e69 w496 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Collett T<span class=\"_ _0\"></span>ransport Services Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf24 y3e69 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf25 y3e69 w473 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6a w497 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Homer Management Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf41 y3e6a w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf42 y3e6a w498 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6b w499 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Lease Portf<span class=\"_ _1\"></span>olio Management Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf43 y3e6b w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf44 y3e6b w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6c w49a hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Commercial Finance Limit<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e6c w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf37 y3e6c w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6d w49b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Options PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf45 y3e6d w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf46 y3e6d w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e6e w49c hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon T<span class=\"_ _0\"></span>echnology Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf47 y3e6e w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf48 y3e6e w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e6f ff49 fs4 fc1 sc0 ls0 ws0\">Other indirect subsidiary undertakings<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3c50 w49d hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Moorg<span class=\"_ _1\"></span>ate Loan Servicing Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3c50 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3c50 w49e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Asset administra<span class=\"_ _1\"></span>tion<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c47 w49f hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Idem Capital Securities Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf49 y3c47 w19e hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf44 y3c47 w4a0 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Asset inv<span class=\"_ _1\"></span>estment<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w4a1 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon P<span class=\"_ _1\"></span>ersonal Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4a y3c48 w46b hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4b y3c48 w4a2 hc8\"><div class=\"t m0 x19e h52 y3c81 ff4a fs4 fc1 sc0 ls0 ws0\">Consumer loan finance<span class=\"_ _393\"> </span></div></td></tr></table>The financial <span class=\"_ _1\"></span>year<span class=\"_ _1\"></span> end of<span class=\"_ _1\"></span> all the Gr<span class=\"_ _1\"></span>oup<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>s subsidiary companies is 30 September<span class=\"_ _0\"></span>. The<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e all register<span class=\"_ _1\"></span>ed in England and <span class=\"_ _1\"></span>W<span class=\"_ _1\"></span>ales and operate in the UK<span class=\"_ _1\"></span> excep<span class=\"_ _1\"></span>t Parag<span class=\"_ _1\"></span>on Pension Inv<span class=\"_ _1\"></span>estments GP Limited, <span class=\"_ _1\"></span>which is r<span class=\"_ _1\"></span>egistered in Scotland and oper<span class=\"_ _1\"></span>ates in the UK.<span class=\"_ _393\"> </span>As part of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s financing arrang<span class=\"_ _1\"></span>ements certain mortgage and consumer<span class=\"_ _1\"></span> loans originated by<span class=\"_ _0\"></span> Paragon Mortgages (2010) Limit<span class=\"_ _1\"></span>ed and Mortgage <span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>rust Limit<span class=\"_ _1\"></span>ed have been sold <span class=\"_ _1\"></span>to special purpose entity companies, r<span class=\"_ _1\"></span>eferr<span class=\"_ _1\"></span>ed to as orphan SPEs, <span class=\"_ _1\"></span>which had raised non-recourse <span class=\"_ _1\"></span>finance to <span class=\"_ _1\"></span>fund these pur<span class=\"_ _1\"></span>chases. T<span class=\"_ _1\"></span>he shares of<span class=\"_ _1\"></span> these companies ar<span class=\"_ _1\"></span>e ultimately<span class=\"_ _1\"></span> beneficially o<span class=\"_ _1\"></span>wned thr<span class=\"_ _1\"></span>ough independent trusts, but the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be contr<span class=\"_ _1\"></span>olled by<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup, as defined by<span class=\"_ _1\"></span> IFRS 10, due t<span class=\"_ _1\"></span>o the Gr<span class=\"_ _1\"></span>oup\u2019<span class=\"_ _0\"></span>s exposur<span class=\"_ _1\"></span>es to <span class=\"_ _1\"></span>the v<span class=\"_ _1\"></span>ariable returns <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the assets of<span class=\"_ _1\"></span> each entity and its ability<span class=\"_ _1\"></span> to dir<span class=\"_ _1\"></span>ect <span class=\"_ _1\"></span>their activities, <span class=\"_ _1\"></span>within the constraints imposed b<span class=\"_ _1\"></span>y <span class=\"_ _1\"></span>the lending documents. Hence, the<span class=\"_ _1\"></span>y ar<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be subsidiaries of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup.<span class=\"_ _393\"> </span>The principal companies party <span class=\"_ _1\"></span>to <span class=\"_ _1\"></span>these arrangements at 30 September<span class=\"_ _0\"></span> 2025 comprise:<span class=\"_ _393\"> </span><table class=\"s w4a3 h138\" id=\"_dd3ba315-3da0-4fae-8ec0-867f20a49e9a\"><tr><td class=\"c n x1a7 y3e70 w465 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4c y3e70 w467 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e71 w4a4 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Cover<span class=\"_ _1\"></span>ed Bonds Finance Limited *<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4d y3e71 w4a5 hf5\"><div class=\"t m0 x19e h52 y3d18 ff4a fs4 fc1 sc0 ls0 ws0\">Holding compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e72 w4a6 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Cover<span class=\"_ _1\"></span>ed Bonds (Holdings) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4e y3e72 w4a7 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding company<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d83 w4a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 27) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4f y3d83 w4a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e73 w442 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 27) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf50 y3e73 w471 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e74 w4a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 28) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4f y3e74 w4a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d85 w442 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 28) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf50 y3d85 w471 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d86 w4a8 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 29) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4f y3d86 w4a9 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Holding compan<span class=\"_ _1\"></span>y<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3d87 w442 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 29) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf50 y3d87 w471 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Residential mortg<span class=\"_ _1\"></span>ages<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e75 w4aa hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Arianty Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf51 y3e75 w477 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc6 w4ab hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Arianty No. 1 PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf52 y3cc6 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc7 w4ac hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Fifth Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf53 y3cc7 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3cc8 w4ad hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Seven<span class=\"_ _1\"></span>th Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf54 y3cc8 w473 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db1 w4ae hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Sixth Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf55 y3db1 w4af hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3db2 w4a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 25) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf4f y3db2 w4af hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-tr<span class=\"_ _1\"></span>ading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccb w442 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 25) PLC<span class=\"_ _393\"> </span></div></td><td class=\"c n xf50 y3ccb w498 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w4a8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 26) Holdings Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf56 y3ccc w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr></table>*The Group has a 20% equity<span class=\"_ _1\"></span> interest in <span class=\"_ _1\"></span>this entity<span class=\"_ _1\"></span>, with the r<span class=\"_ _1\"></span>emaining interest held <span class=\"_ _1\"></span>through <span class=\"_ _1\"></span>the orphan structure. All these companies ar<span class=\"_ _1\"></span>e register<span class=\"_ _1\"></span>ed and operate in <span class=\"_ _1\"></span>the UK.<span class=\"_ _393\"> </span>Paragon Co<span class=\"_ _1\"></span>ver<span class=\"_ _1\"></span>ed Bonds LLP is a limit<span class=\"_ _1\"></span>ed liability partnership r<span class=\"_ _1\"></span>egister<span class=\"_ _1\"></span>ed in England and W<span class=\"_ _0\"></span>ales, in which control is <span class=\"_ _1\"></span>vested in certain other gr<span class=\"_ _0\"></span>oup entities. It is therefor<span class=\"_ _1\"></span>e consider<span class=\"_ _1\"></span>ed to be a subsidiary<span class=\"_ _1\"></span> of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup. T<span class=\"_ _1\"></span>his entity operat<span class=\"_ _1\"></span>es in the UK.<span class=\"_ _393\"> </span>Earlswood Finance (No<span class=\"_ _1\"></span>. 3) Limited, a company<span class=\"_ _1\"></span> limited by<span class=\"_ _1\"></span> guarantee, is r<span class=\"_ _1\"></span>egistered in England and <span class=\"_ _1\"></span>W<span class=\"_ _1\"></span>ales and operates in <span class=\"_ _1\"></span>the UK. It is included in the consolidation as it is ultimately<span class=\"_ _1\"></span> contr<span class=\"_ _1\"></span>olled by<span class=\"_ _1\"></span> the Company<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The Parag<span class=\"_ _1\"></span>on Pension Partnership LP<span class=\"_ _0\"></span> is a limited partnership established under Scots law<span class=\"_ _0\"></span>, in which control is <span class=\"_ _1\"></span>vested in members which are gr<span class=\"_ _1\"></span>oup companies. It is ther<span class=\"_ _1\"></span>efor<span class=\"_ _1\"></span>e considered <span class=\"_ _1\"></span>to be a subsidiary<span class=\"_ _1\"></span> entity<span class=\"_ _1\"></span>. <span class=\"_ _1\"></span>The outside member is <span class=\"_ _1\"></span>the Group<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s Pension Plan and the Plan\u2019<span class=\"_ _0\"></span>s rights to income <span class=\"_ _1\"></span>from <span class=\"_ _1\"></span>the partnership are set<span class=\"_ _1\"></span> out in the partnership agr<span class=\"_ _1\"></span>eement. <span class=\"_ _1\"></span>Theref<span class=\"_ _1\"></span>ore, no minority<span class=\"_ _1\"></span> inter<span class=\"_ _1\"></span>est arises. T<span class=\"_ _1\"></span>he partnership is register<span class=\"_ _0\"></span>ed in Scotland and operates in the UK.<span class=\"_ _393\"> </span>The regist<span class=\"_ _1\"></span>ered office o<span class=\"_ _1\"></span>f each of<span class=\"_ _1\"></span> the entities list<span class=\"_ _1\"></span>ed in this note is <span class=\"_ _1\"></span>the same as that o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company (<span class=\"_ _1\"></span>note 1), ex<span class=\"_ _1\"></span>cept <span class=\"_ _1\"></span>that the r<span class=\"_ _1\"></span>egistered office of<span class=\"_ _1\"></span> the Scottish entities is Citypoint, 65 Ha<span class=\"_ _1\"></span>ymarket <span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>errace, Edinburgh, EH12 5HD<span class=\"_ _1\"></span>.<span class=\"_ _393\"> </span>All the entities listed abo<span class=\"_ _1\"></span>ve ar<span class=\"_ _1\"></span>e included in the consolidated accounts of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup.<span class=\"_ _393\"> </span>Companies in liquidation<span class=\"_ _393\"> </span>The f<span class=\"_ _1\"></span>ollowing legal subsidiaries of<span class=\"_ _1\"></span> the Gr<span class=\"_ _1\"></span>oup w<span class=\"_ _1\"></span>ere in liquidation at 30 Sep<span class=\"_ _1\"></span>tember 2025. <span class=\"_ _0\"></span>They do not <span class=\"_ _1\"></span>form part of<span class=\"_ _0\"></span> the consolidation as they<span class=\"_ _1\"></span> are consider<span class=\"_ _1\"></span>ed to be contr<span class=\"_ _1\"></span>olled by<span class=\"_ _1\"></span> the liquidat<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>. <table class=\"s w4b0 h139\" id=\"_b867cb9c-9f56-4209-83fd-e5e5394f044d\"><tr><td class=\"c n x1a7 y3e76 w465 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e76 w466 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Holding<span class=\"_ _393\"> </span></div></td><td class=\"c n xf19 y3e76 w467 hcd\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e77 ff49 fs4 fc1 sc0 ls0 ws0\">Direct subsidiaries of P<span class=\"_ _1\"></span>aragon Banking Gr<span class=\"_ _1\"></span>oup PLC<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3e78 w4b1 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Dealer Finance Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf57 y3e78 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf58 y3e78 w473 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e79 w4b2 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Loan Finance (No. 3) Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf59 y3e79 w46b hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5a y3e79 w473 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e7a w4b3 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Third Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5b y3e7a w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5c y3e7a w475 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e7b w4b4 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon V<span class=\"_ _0\"></span>ehicle Contracts Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf34 y3e7b w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf35 y3e7b w475 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e7c w4b5 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">The Business Mortgage Compan<span class=\"_ _1\"></span>y Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3d y3e7c w19e hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3e y3e7c w475 hcd\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e7d ff49 fs4 fc1 sc0 ls0 ws0\">Direct and indirect subsidiaries of P<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>agon Bank PLC<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3e7e w4b6 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Second Funding Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5d y3e7e w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf5e y3e7e w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"t m0 x1e3 h4e y3e7f ff49 fs4 fc1 sc0 ls0 ws0\">Other indirect subsidiary undertakings<span class=\"_ _393\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a7 y3db2 w4b7 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Buy to let Direct Limit<span class=\"_ _1\"></span>ed<span class=\"_ _393\"> </span></div></td><td class=\"c n xf47 y3db2 w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf48 y3db2 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3e42 w4b8 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">TBMC Group Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e42 w19e hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf37 y3e42 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3ccc w4b9 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">The Business Mortgage Compan<span class=\"_ _1\"></span>y Services Limited<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3a y3ccc w46b hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">100%<span class=\"_ _393\"> </span></div></td><td class=\"c n xf3b y3ccc w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr></table>The shareholding o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the Company<span class=\"_ _1\"></span> in each of <span class=\"_ _1\"></span>the direct subsidiaries sho<span class=\"_ _1\"></span>wn abov<span class=\"_ _1\"></span>e is the same as <span class=\"_ _1\"></span>that of <span class=\"_ _1\"></span>the Group<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>he issued share capital of each o<span class=\"_ _1\"></span>f <span class=\"_ _1\"></span>the companies listed abov<span class=\"_ _1\"></span>e consists of or<span class=\"_ _1\"></span>dinary<span class=\"_ _1\"></span> shares only<span class=\"_ _0\"></span>.<span class=\"_ _393\"> </span>The f<span class=\"_ _1\"></span>ollowing orphan SPE company<span class=\"_ _1\"></span> w<span class=\"_ _1\"></span>as also in liquidation at 30 September<span class=\"_ _1\"></span> 2025.<span class=\"_ _393\"> </span><table class=\"s w4b0 h13a\" id=\"_f58b18f3-ae7c-46f1-874a-0b1626ccf30f\"><tr><td class=\"c n x1a7 y3e50 w465 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Company<span class=\"_ _393\"> </span></div></td><td class=\"c n xf18 y3e50 w466 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Holding<span class=\"_ _393\"> </span></div></td><td class=\"c n xf19 y3e50 w467 hc8\"><div class=\"t m0 x19e h4e y3c31 ff49 fs4 fc1 sc0 ls0 ws0\">Principal activity<span class=\"_ _393\"> </span></div></td></tr><tr><td class=\"c n x1a7 y3c48 w442 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Par<span class=\"_ _1\"></span>agon Mortgag<span class=\"_ _1\"></span>es (No. 26) PLC<span class=\"_ _393\"> </span></div></td><td></td><td class=\"c n xf5f y3c48 w475 hd9\"><div class=\"t m0 x19e h52 y3ca6 ff4a fs4 fc1 sc0 ls0 ws0\">Non-trading<span class=\"_ _393\"> </span></div></td></tr></table>All the companies in liquidation listed in <span class=\"_ _1\"></span>this section are r<span class=\"_ _1\"></span>egister<span class=\"_ _1\"></span>ed and operated in the UK.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCompositionOfGroupExplanatory",
    "language": "en",
    "entity": "scheme:213800S1TDKIB1IUTS72",
    "period": "2024-10-01T00:00:00/2025-10-01T00:00:00"
   }
  }
 }
}