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   "value": "<div class=\"t m0 h9 ff27 fs6 fc2 sc0 ls6 ws0 gs4f\">1. Basis of pr<span class=\"_ _0\"></span>eparation<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls42 ws3e gs50\">General inf<span class=\"_ _1\"></span>ormation<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs51\">Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x plc (the \u2018Company\u2019<span class=\"_ _0\"></span>) is a public co<span class=\"_ _0\"></span>mpany<span class=\"_ _1\"></span>, w<span class=\"_ _0\"></span>hich is limite<span class=\"_ _0\"></span>d by shares and is li<span class=\"_ _0\"></span>sted on t<span class=\"_ _0\"></span>he Lond<span class=\"_ _0\"></span>on Stock Exc<span class=\"_ _0\"></span>hange. The Compa<span class=\"_ _0\"></span>ny is </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs52\">incorp<span class=\"_ _0\"></span>orated an<span class=\"_ _0\"></span>d domicil<span class=\"_ _0\"></span>ed in England in t<span class=\"_ _0\"></span>he United K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om. The a<span class=\"_ _0\"></span>ddres<span class=\"_ _0\"></span>s of its r<span class=\"_ _0\"></span>egiste<span class=\"_ _0\"></span>red off<span class=\"_ _0\"></span>ice is Vi<span class=\"_ _0\"></span>ctre<span class=\"_ _0\"></span>x T<span class=\"_ _1\"></span>echno<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>y C<span class=\"_ _1\"></span>ent<span class=\"_ _0\"></span>re, Hillhouse </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs53\">Interna<span class=\"_ _1\"></span>tional, Thornt<span class=\"_ _1\"></span>on Clev<span class=\"_ _1\"></span>eleys, Lancashire FY5 4<span class=\"_ _0\"></span>QD<span class=\"_ _1\"></span>, United Kingdom<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs54\">The co<span class=\"_ _0\"></span>nsolid<span class=\"_ _0\"></span>ated financia<span class=\"_ _0\"></span>l state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s of the Company for th<span class=\"_ _0\"></span>e year ende<span class=\"_ _0\"></span>d 30 Se<span class=\"_ _0\"></span>ptember 2023 com<span class=\"_ _0\"></span>prise t<span class=\"_ _0\"></span>he Company and it<span class=\"_ _0\"></span>s subsidia<span class=\"_ _0\"></span>ries </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs55\">(together r<span class=\"_ _1\"></span>eferred to as the<span class=\"_ _1\"></span> \u2018Group\u2019)<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs56\">The<span class=\"_ _0\"></span>se cons<span class=\"_ _0\"></span>olidated f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts have b<span class=\"_ _0\"></span>een ap<span class=\"_ _0\"></span>proved for is<span class=\"_ _0\"></span>sue by the Bo<span class=\"_ _0\"></span>ard of Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s on 5 De<span class=\"_ _0\"></span>cembe<span class=\"_ _0\"></span>r 2023.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs57\">Ba<span class=\"_ _0\"></span>sis o<span class=\"_ _0\"></span>f pre<span class=\"_ _0\"></span>parat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent of c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>ianc<span class=\"_ _0\"></span>e<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs58\">Both th<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>dated and Company fi<span class=\"_ _0\"></span>nancial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts have be<span class=\"_ _0\"></span>en prep<span class=\"_ _0\"></span>ared in accord<span class=\"_ _0\"></span>ance with I<span class=\"_ _0\"></span>nternati<span class=\"_ _0\"></span>onal Accounting Stan<span class=\"_ _0\"></span>dards in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs59\">conformi<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>ith the re<span class=\"_ _0\"></span>quirement<span class=\"_ _0\"></span>s of the Compan<span class=\"_ _0\"></span>ies Ac<span class=\"_ _0\"></span>t 200<span class=\"_ _0\"></span>6 and in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h UK-adopte<span class=\"_ _0\"></span>d Internati<span class=\"_ _0\"></span>onal Accountin<span class=\"_ _0\"></span>g S<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>andards<span class=\"_ _0\"></span>. The </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs5a\">financia<span class=\"_ _0\"></span>l state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s have bee<span class=\"_ _0\"></span>n prepare<span class=\"_ _0\"></span>d under th<span class=\"_ _0\"></span>e histori<span class=\"_ _0\"></span>cal cos<span class=\"_ _0\"></span>t basis e<span class=\"_ _0\"></span>xcept for deri<span class=\"_ _0\"></span>vative fi<span class=\"_ _0\"></span>nancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>fined b<span class=\"_ _0\"></span>enefit p<span class=\"_ _0\"></span>ension<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs5b\">sche<span class=\"_ _0\"></span>me ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair value throu<span class=\"_ _0\"></span>gh profit and l<span class=\"_ _0\"></span>oss, w<span class=\"_ _0\"></span>hich are m<span class=\"_ _0\"></span>easured at th<span class=\"_ _0\"></span>eir fair value.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5c\">The G<span class=\"_ _0\"></span>roup\u2019s business a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iviti<span class=\"_ _0\"></span>es, tog<span class=\"_ _0\"></span>ether w<span class=\"_ _0\"></span>ith fac<span class=\"_ _0\"></span>tors likely to af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t it<span class=\"_ _0\"></span>s future deve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>ent, per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance and po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n, are set out in t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5d\">Strategic re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t on pag<span class=\"_ _0\"></span>es 1 to 66. I<span class=\"_ _0\"></span>n addit<span class=\"_ _0\"></span>ion, note 16 on financial r<span class=\"_ _0\"></span>isk manage<span class=\"_ _0\"></span>ment det<span class=\"_ _0\"></span>ails the Gro<span class=\"_ _0\"></span>up\u2019s exposur<span class=\"_ _0\"></span>e to a variet<span class=\"_ _0\"></span>y of financ<span class=\"_ _0\"></span>ial </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls14 ws12 gs5e\">risks, including currency and credit risk.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5f\">On pub<span class=\"_ _0\"></span>lishing the Compa<span class=\"_ _0\"></span>ny financial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>re togeth<span class=\"_ _0\"></span>er with t<span class=\"_ _0\"></span>he conso<span class=\"_ _0\"></span>lidated fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany is taki<span class=\"_ _0\"></span>ng </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws6d gs60\">adva<span class=\"_ _0\"></span>ntage of s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion 4<span class=\"_ _0\"></span>08 o<span class=\"_ _0\"></span>f the Companie<span class=\"_ _0\"></span>s Act 20<span class=\"_ _0\"></span>06 n<span class=\"_ _0\"></span>ot to prese<span class=\"_ _0\"></span>nt its ind<span class=\"_ _0\"></span>ividua<span class=\"_ _0\"></span>l income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt and related n<span class=\"_ _0\"></span>otes that form p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs61\">approved fin<span class=\"_ _1\"></span>ancial statements.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs62\">Unle<span class=\"_ _0\"></span>ss a chang<span class=\"_ _0\"></span>e has bee<span class=\"_ _0\"></span>n required by a<span class=\"_ _0\"></span>dopti<span class=\"_ _0\"></span>on of new s<span class=\"_ _0\"></span>tanda<span class=\"_ _0\"></span>rds, the accou<span class=\"_ _0\"></span>nting poli<span class=\"_ _0\"></span>cies se<span class=\"_ _0\"></span>t out in the<span class=\"_ _0\"></span>se notes have b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>pplied </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs63\">consis<span class=\"_ _0\"></span>tently to all p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>s prese<span class=\"_ _0\"></span>nted in thes<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>dated and Compa<span class=\"_ _0\"></span>ny financial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs64\">The accounti<span class=\"_ _1\"></span>ng policies have been con<span class=\"_ _1\"></span>sistently applied by Group<span class=\"_ _1\"></span> entities.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls18 ws15 gs65\">Climate change<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs66\">In pre<span class=\"_ _0\"></span>paring th<span class=\"_ _0\"></span>e financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents of t<span class=\"_ _0\"></span>he Group an as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment of th<span class=\"_ _0\"></span>e potential im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e has be<span class=\"_ _0\"></span>en made in lin<span class=\"_ _0\"></span>e with th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs67\">require<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s of the T<span class=\"_ _1\"></span>ask F<span class=\"_ _0\"></span>orce on Climate-<span class=\"_ _0\"></span>relate<span class=\"_ _0\"></span>d Financial Di<span class=\"_ _0\"></span>sclosur<span class=\"_ _0\"></span>es (\u2018TCFD\u2019) and w<span class=\"_ _0\"></span>ith sp<span class=\"_ _0\"></span>ecifi<span class=\"_ _0\"></span>c considera<span class=\"_ _0\"></span>tion of the d<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>sures made i<span class=\"_ _0\"></span>n the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs68\">Sust<span class=\"_ _0\"></span>ainabilit<span class=\"_ _0\"></span>y rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t st<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>ing on pag<span class=\"_ _0\"></span>e 42<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>his has spe<span class=\"_ _0\"></span>cific<span class=\"_ _0\"></span>ally inco<span class=\"_ _0\"></span>rporate<span class=\"_ _0\"></span>d the impa<span class=\"_ _0\"></span>ct of th<span class=\"_ _0\"></span>e physic<span class=\"_ _0\"></span>al risk<span class=\"_ _0\"></span>s of climate chang<span class=\"_ _0\"></span>e and transi<span class=\"_ _0\"></span>tional ri<span class=\"_ _0\"></span>sks<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs69\">includin<span class=\"_ _0\"></span>g the potent<span class=\"_ _0\"></span>ial impac<span class=\"_ _0\"></span>t of gove<span class=\"_ _0\"></span>rnment and r<span class=\"_ _0\"></span>egulator<span class=\"_ _0\"></span>y ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns as well as th<span class=\"_ _0\"></span>e Group\u2019s state<span class=\"_ _0\"></span>d Net Ze<span class=\"_ _0\"></span>ro targ<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. The pote<span class=\"_ _0\"></span>ntial impa<span class=\"_ _0\"></span>ct has b<span class=\"_ _0\"></span>een<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs6a\">consid<span class=\"_ _0\"></span>ered in the fo<span class=\"_ _0\"></span>llowing a<span class=\"_ _0\"></span>reas:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs6b\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c\">the key areas of ju<span class=\"_ _0\"></span>dgem<span class=\"_ _0\"></span>ent and source<span class=\"_ _0\"></span>s of est<span class=\"_ _0\"></span>imation \u2013 s<span class=\"_ _0\"></span>ee be<span class=\"_ _0\"></span>low;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs6d\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6e\">the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted u<span class=\"_ _0\"></span>seful live<span class=\"_ _0\"></span>s of prop<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>y, plant and equip<span class=\"_ _0\"></span>ment;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs6f\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs70\">thos<span class=\"_ _0\"></span>e areas w<span class=\"_ _0\"></span>hich rely o<span class=\"_ _0\"></span>n future forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s which hav<span class=\"_ _0\"></span>e the potent<span class=\"_ _0\"></span>ial to be impa<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d by climate change:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs71\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs72\">carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing value of no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>ts;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs73\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs74\">goin<span class=\"_ _0\"></span>g concern; and</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs75\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs76\">viabili<span class=\"_ _0\"></span>ty;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs77\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs78\">the re<span class=\"_ _0\"></span>coverabilit<span class=\"_ _0\"></span>y of de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>axati<span class=\"_ _0\"></span>on ass<span class=\"_ _0\"></span>ets; an<span class=\"_ _0\"></span>d</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs79\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs7a\">the re<span class=\"_ _0\"></span>coverabilit<span class=\"_ _0\"></span>y of inventor<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d trade re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs7b\">The s<span class=\"_ _0\"></span>peci<span class=\"_ _0\"></span>fic consid<span class=\"_ _0\"></span>erations hav<span class=\"_ _0\"></span>e been in<span class=\"_ _0\"></span>cluded in t<span class=\"_ _0\"></span>he corre<span class=\"_ _0\"></span>spondin<span class=\"_ _0\"></span>g financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent notes b<span class=\"_ _0\"></span>elow.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs7c\">The D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>e the inhere<span class=\"_ _0\"></span>nt uncer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y in pred<span class=\"_ _0\"></span>ict<span class=\"_ _0\"></span>ing the imp<span class=\"_ _0\"></span>act of cl<span class=\"_ _0\"></span>imate change an<span class=\"_ _0\"></span>d the ac<span class=\"_ _0\"></span>tions w<span class=\"_ _0\"></span>hich reg<span class=\"_ _0\"></span>ulators an<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs7d\">gover<span class=\"_ _0\"></span>nment<span class=\"_ _0\"></span>s, both d<span class=\"_ _0\"></span>omes<span class=\"_ _0\"></span>tic and ov<span class=\"_ _0\"></span>erse<span class=\"_ _0\"></span>as, will t<span class=\"_ _0\"></span>ake in order to ach<span class=\"_ _0\"></span>ieve thei<span class=\"_ _0\"></span>r various t<span class=\"_ _0\"></span>arget<span class=\"_ _0\"></span>s. H<span class=\"_ _0\"></span>owever<span class=\"_ _1\"></span>, from t<span class=\"_ _0\"></span>he work un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>taken to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs7e\">date, outlin<span class=\"_ _0\"></span>ed in the Sus<span class=\"_ _0\"></span>tainab<span class=\"_ _0\"></span>ility r<span class=\"_ _0\"></span>epor<span class=\"_ _0\"></span>t, th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have reache<span class=\"_ _0\"></span>d the overall co<span class=\"_ _0\"></span>nclusion t<span class=\"_ _0\"></span>hat there has b<span class=\"_ _0\"></span>een no ma<span class=\"_ _0\"></span>terial impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>n </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs7f\">the<span class=\"_ gs1\"> </span>fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s for the cu<span class=\"_ _0\"></span>rrent year fro<span class=\"_ _0\"></span>m the potent<span class=\"_ _0\"></span>ial impac<span class=\"_ _0\"></span>t of climate cha<span class=\"_ _0\"></span>nge. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs80\">The s<span class=\"_ _0\"></span>peci<span class=\"_ _0\"></span>fic consid<span class=\"_ _0\"></span>erations i<span class=\"_ _0\"></span>n respe<span class=\"_ _0\"></span>ct to th<span class=\"_ _0\"></span>e viabili<span class=\"_ _0\"></span>ty of th<span class=\"_ _0\"></span>e Group are inc<span class=\"_ _0\"></span>luded in th<span class=\"_ _0\"></span>e viabili<span class=\"_ _0\"></span>ty s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent on pag<span class=\"_ _0\"></span>es 40 a<span class=\"_ _0\"></span>nd 4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs81\">The G<span class=\"_ _0\"></span>roup\u2019s analysis o<span class=\"_ _0\"></span>n the impa<span class=\"_ _0\"></span>ct of clima<span class=\"_ _0\"></span>te change continu<span class=\"_ _0\"></span>es to evol<span class=\"_ _0\"></span>ve as more cla<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y on timings a<span class=\"_ _0\"></span>nd targ<span class=\"_ _0\"></span>ets em<span class=\"_ _0\"></span>erge<span class=\"_ _0\"></span>s, with V<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>trex </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs82\">commit<span class=\"_ _0\"></span>ted to red<span class=\"_ _0\"></span>ucing it<span class=\"_ _0\"></span>s carb<span class=\"_ _0\"></span>on impa<span class=\"_ _0\"></span>ct towa<span class=\"_ _0\"></span>rds Net Z<span class=\"_ _0\"></span>ero acros<span class=\"_ _0\"></span>s all scop<span class=\"_ _0\"></span>es by 2050.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs83\">Going concern<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs84\">The D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors have p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>forme<span class=\"_ _0\"></span>d a robus<span class=\"_ _0\"></span>t going con<span class=\"_ _0\"></span>cern ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent includin<span class=\"_ _0\"></span>g a deta<span class=\"_ _0\"></span>iled revi<span class=\"_ _0\"></span>ew of the bus<span class=\"_ _0\"></span>iness\u2019 24<span class=\"_ _0\"></span>-m<span class=\"_ _0\"></span>onth rolling for<span class=\"_ _0\"></span>ecas<span class=\"_ _0\"></span>t and </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs85\">consid<span class=\"_ _0\"></span>eration of t<span class=\"_ _0\"></span>he princip<span class=\"_ _0\"></span>al risk<span class=\"_ _0\"></span>s faced by the G<span class=\"_ _0\"></span>roup and th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany<span class=\"_ _1\"></span>, as de<span class=\"_ _0\"></span>taile<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>es 32 to 38. T<span class=\"_ _0\"></span>his asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt has paid pa<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>cular </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs86\">at<span class=\"_ _0\"></span>tention to cur<span class=\"_ _0\"></span>rent trading re<span class=\"_ _0\"></span>sults a<span class=\"_ _0\"></span>nd the impa<span class=\"_ _0\"></span>ct of t<span class=\"_ _0\"></span>he current gl<span class=\"_ _0\"></span>obal e<span class=\"_ _0\"></span>conomic c<span class=\"_ _0\"></span>hallenge<span class=\"_ _0\"></span>s on the afor<span class=\"_ _0\"></span>ementio<span class=\"_ _0\"></span>ned fore<span class=\"_ _0\"></span>cast<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs87\">The Comp<span class=\"_ _0\"></span>any maintains a s<span class=\"_ _0\"></span>trong bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t providin<span class=\"_ _0\"></span>g assurance to key st<span class=\"_ _0\"></span>akehold<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, including cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s, supp<span class=\"_ _0\"></span>liers a<span class=\"_ _0\"></span>nd emplo<span class=\"_ _0\"></span>yees. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs88\">The co<span class=\"_ _0\"></span>mbined c<span class=\"_ _0\"></span>ash and ot<span class=\"_ _0\"></span>her financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts ba<span class=\"_ _0\"></span>lance at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 was \u00a333.5m, having red<span class=\"_ _0\"></span>uced from \u00a368<span class=\"_ _0\"></span>.8m at 3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs89\">2022 followin<span class=\"_ _0\"></span>g payme<span class=\"_ _0\"></span>nt of the regula<span class=\"_ _0\"></span>r divid<span class=\"_ _0\"></span>ends of \u00a340.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m in Fe<span class=\"_ _0\"></span>bruar<span class=\"_ _0\"></span>y 2023 and \u00a31<span class=\"_ _8\"></span>1.<span class=\"_ _2\"></span>7m in June 2023 and a s<span class=\"_ _0\"></span>trategi<span class=\"_ _0\"></span>c increas<span class=\"_ _0\"></span>e in the leve<span class=\"_ _0\"></span>l </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs8a\">of inventor<span class=\"_ _0\"></span>y hel<span class=\"_ _0\"></span>d. Of the \u00a3<span class=\"_ _0\"></span>33.5m, \u00a33.4m is hel<span class=\"_ _0\"></span>d in the Group\u2019s subsidi<span class=\"_ _0\"></span>aries in China for the s<span class=\"_ _0\"></span>ole pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of funding the co<span class=\"_ _0\"></span>nstru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of our </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs8b\">new manu<span class=\"_ _0\"></span>factur<span class=\"_ _0\"></span>ing facilitie<span class=\"_ _0\"></span>s. Of t<span class=\"_ _0\"></span>he remaining \u00a3<span class=\"_ _0\"></span>30.<span class=\"_ _2\"></span>1m, approximatel<span class=\"_ _0\"></span>y 70<span class=\"_ _1\"></span>% is h<span class=\"_ _0\"></span>eld in the U<span class=\"_ _0\"></span>K, on ins<span class=\"_ _0\"></span>tant acce<span class=\"_ _0\"></span>ss, wh<span class=\"_ _0\"></span>ere the Company incu<span class=\"_ _0\"></span>rs </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs8c\">the maj<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y of it<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>enditure. T<span class=\"_ _0\"></span>he Group has draw<span class=\"_ _0\"></span>n debt of \u00a3<span class=\"_ _0\"></span>31<span class=\"_ _2\"></span>.6m in i<span class=\"_ _0\"></span>ts Chines<span class=\"_ _0\"></span>e subsidiar<span class=\"_ _0\"></span>ies (wit<span class=\"_ _0\"></span>h a total facilit<span class=\"_ _0\"></span>y of c.\u00a3<span class=\"_ _0\"></span>34.<span class=\"_ _0\"></span>2m available </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs8d\">until De<span class=\"_ _0\"></span>cembe<span class=\"_ _0\"></span>r 202<span class=\"_ _1\"></span>6) an<span class=\"_ _0\"></span>d has unutilis<span class=\"_ _0\"></span>ed UK ban<span class=\"_ _0\"></span>king faciliti<span class=\"_ _0\"></span>es, rene<span class=\"_ _0\"></span>wed and ex<span class=\"_ _0\"></span>tend<span class=\"_ _0\"></span>ed in O<span class=\"_ _0\"></span>ctob<span class=\"_ _0\"></span>er 2023, of \u00a360m throu<span class=\"_ _0\"></span>gh to Oc<span class=\"_ _0\"></span>tober 2026, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs8e\">of which \u00a34<span class=\"_ _0\"></span>0m is co<span class=\"_ _0\"></span>mmitte<span class=\"_ _0\"></span>d and imme<span class=\"_ _0\"></span>diately ava<span class=\"_ _0\"></span>ilable and \u00a3<span class=\"_ _0\"></span>20m is availa<span class=\"_ _0\"></span>ble subje<span class=\"_ _0\"></span>ct to l<span class=\"_ _0\"></span>ender a<span class=\"_ _0\"></span>pproval.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs90\">The 24<span class=\"_ _0\"></span>-m<span class=\"_ _0\"></span>onth forec<span class=\"_ _0\"></span>ast is d<span class=\"_ _0\"></span>erive<span class=\"_ _0\"></span>d from the Company<span class=\"_ _0\"></span>\u2019s Integrated Busin<span class=\"_ _0\"></span>ess P<span class=\"_ _0\"></span>lanning (\u2018I<span class=\"_ _0\"></span>BP<span class=\"_ _0\"></span>\u2019) proce<span class=\"_ _0\"></span>ss whi<span class=\"_ _0\"></span>ch runs month<span class=\"_ _0\"></span>ly<span class=\"_ _1\"></span>. Ea<span class=\"_ _0\"></span>ch area of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs91\">the busi<span class=\"_ _0\"></span>ness pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>s foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s which cons<span class=\"_ _0\"></span>ider a numb<span class=\"_ _0\"></span>er of ex<span class=\"_ _0\"></span>ternal d<span class=\"_ _0\"></span>ata so<span class=\"_ _0\"></span>urces, trian<span class=\"_ _0\"></span>gulating w<span class=\"_ _0\"></span>ith custo<span class=\"_ _0\"></span>mer conver<span class=\"_ _0\"></span>sati<span class=\"_ _0\"></span>ons, tren<span class=\"_ _0\"></span>ds in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs92\">market and count<span class=\"_ _0\"></span>ry in<span class=\"_ _0\"></span>dices as we<span class=\"_ _0\"></span>ll as for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-lo<span class=\"_ _0\"></span>oking ind<span class=\"_ _0\"></span>ustr<span class=\"_ _0\"></span>y fore<span class=\"_ _0\"></span>cast<span class=\"_ _0\"></span>s, for e<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st aircraf<span class=\"_ _0\"></span>t build rate<span class=\"_ _0\"></span>s from the t<span class=\"_ _0\"></span>wo majo<span class=\"_ _0\"></span>r </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs93\">manufac<span class=\"_ _0\"></span>turer<span class=\"_ _0\"></span>s for Aeros<span class=\"_ _0\"></span>pace, rig count and p<span class=\"_ _0\"></span>urchasing manag<span class=\"_ _0\"></span>er indice<span class=\"_ _0\"></span>s for E&amp;I<span class=\"_ _0\"></span>, World Se<span class=\"_ _0\"></span>miconduc<span class=\"_ _0\"></span>tor Tr<span class=\"_ _1\"></span>ad<span class=\"_ _0\"></span>e Statis<span class=\"_ _0\"></span>tics s<span class=\"_ _0\"></span>emicond<span class=\"_ _0\"></span>ucto<span class=\"_ _0\"></span>r </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs94\">market forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s for Ele<span class=\"_ _0\"></span>ctro<span class=\"_ _0\"></span>nics an<span class=\"_ _0\"></span>d Nee<span class=\"_ _0\"></span>dham and I<span class=\"_ _0\"></span>QVI<span class=\"_ _0\"></span>A forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s for Me<span class=\"_ _0\"></span>dical p<span class=\"_ _0\"></span>rocedure<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs95\">The a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment of g<span class=\"_ _0\"></span>oing conce<span class=\"_ _0\"></span>rn includ<span class=\"_ _0\"></span>ed conduc<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>cenario an<span class=\"_ _0\"></span>alysis o<span class=\"_ _0\"></span>n the aforem<span class=\"_ _0\"></span>ention<span class=\"_ _0\"></span>ed forec<span class=\"_ _0\"></span>ast wh<span class=\"_ _0\"></span>ich, given cur<span class=\"_ _0\"></span>rent econ<span class=\"_ _0\"></span>omic </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs96\">forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s and sa<span class=\"_ _0\"></span>les tren<span class=\"_ _0\"></span>ds through t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear ende<span class=\"_ _0\"></span>d 30 Se<span class=\"_ _0\"></span>ptember 2023, wh<span class=\"_ _0\"></span>ere volume<span class=\"_ _0\"></span>s dropp<span class=\"_ _0\"></span>ed 24<span class=\"_ _1\"></span>% year on yea<span class=\"_ _0\"></span>r and 33% in the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs97\">seco<span class=\"_ _0\"></span>nd half, exacerb<span class=\"_ _0\"></span>ated by rapi<span class=\"_ _0\"></span>d custome<span class=\"_ _0\"></span>r des<span class=\"_ _0\"></span>tocking, fo<span class=\"_ _0\"></span>cused o<span class=\"_ _0\"></span>n the Group\u2019s abilit<span class=\"_ _0\"></span>y to sust<span class=\"_ _0\"></span>ain a fur<span class=\"_ _0\"></span>ther p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of suppres<span class=\"_ _0\"></span>sed d<span class=\"_ _0\"></span>emand. I<span class=\"_ _0\"></span>n </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs98\">ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g the seve<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of the scena<span class=\"_ _0\"></span>rio analy<span class=\"_ _0\"></span>sis the s<span class=\"_ _0\"></span>cale an<span class=\"_ _0\"></span>d longe<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y of the imp<span class=\"_ _0\"></span>act e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>rience<span class=\"_ _0\"></span>d during prev<span class=\"_ _0\"></span>ious e<span class=\"_ _0\"></span>conomic d<span class=\"_ _0\"></span>ownturns hav<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs99\">be<span class=\"_ _0\"></span>en conside<span class=\"_ _0\"></span>red, includi<span class=\"_ _0\"></span>ng the dif<span class=\"_ _0\"></span>fering imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts on t<span class=\"_ _0\"></span>he Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>oluti<span class=\"_ _0\"></span>ons versu<span class=\"_ _0\"></span>s Medi<span class=\"_ _0\"></span>cal<span class=\"_ gs1\"> </span>se<span class=\"_ _0\"></span>gment<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs9a\">Using th<span class=\"_ _0\"></span>e IBP da<span class=\"_ _0\"></span>ta and refere<span class=\"_ _0\"></span>nce point<span class=\"_ _0\"></span>s from pre<span class=\"_ _0\"></span>vious d<span class=\"_ _0\"></span>ownturns ma<span class=\"_ _0\"></span>nageme<span class=\"_ _0\"></span>nt has created t<span class=\"_ _0\"></span>wo s<span class=\"_ _0\"></span>cenario<span class=\"_ _0\"></span>s to mode<span class=\"_ _0\"></span>l the continuing e<span class=\"_ _0\"></span>ffec<span class=\"_ _0\"></span>t </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs9b\">of lower d<span class=\"_ _0\"></span>emand at re<span class=\"_ _0\"></span>gional<span class=\"_ _0\"></span>/mar<span class=\"_ _0\"></span>ket level and ag<span class=\"_ _0\"></span>gregate<span class=\"_ _0\"></span>d levels on t<span class=\"_ _0\"></span>he Company\u2019s profit<span class=\"_ _0\"></span>s and c<span class=\"_ _0\"></span>ash gene<span class=\"_ _0\"></span>ration thro<span class=\"_ _0\"></span>ugh to Dece<span class=\"_ _0\"></span>mber 2024 </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs9c\">with co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _0\"></span>ion als<span class=\"_ _0\"></span>o given to the si<span class=\"_ _0\"></span>x months b<span class=\"_ _0\"></span>eyond thi<span class=\"_ _0\"></span>s. The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e and the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s N<span class=\"_ _0\"></span>et Zero 205<span class=\"_ _0\"></span>0 goal (Sco<span class=\"_ _0\"></span>pe 1<span class=\"_ _1\"></span>, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs9d\">2 &amp; 3) are conside<span class=\"_ _0\"></span>red as par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e aforementi<span class=\"_ _0\"></span>oned I<span class=\"_ _0\"></span>BP pro<span class=\"_ _0\"></span>cess, f<span class=\"_ _0\"></span>rom both a reve<span class=\"_ _0\"></span>nue and cos<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve, with the a<span class=\"_ _0\"></span>nticipate<span class=\"_ _0\"></span>d impac<span class=\"_ _0\"></span>t </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs9e\">(asse<span class=\"_ _0\"></span>ssed a<span class=\"_ _0\"></span>s insignifi<span class=\"_ _0\"></span>cant over th<span class=\"_ _0\"></span>e shor<span class=\"_ _0\"></span>ter-term go<span class=\"_ _0\"></span>ing concern p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d) incor<span class=\"_ _0\"></span>porated in t<span class=\"_ _0\"></span>he forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>s a result t<span class=\"_ _0\"></span>he scenar<span class=\"_ _0\"></span>io test<span class=\"_ _0\"></span>ing noted </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs9f\">bel<span class=\"_ _0\"></span>ow doe<span class=\"_ _0\"></span>s not incorp<span class=\"_ _0\"></span>orate any add<span class=\"_ _0\"></span>itional s<span class=\"_ _0\"></span>ensiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y spe<span class=\"_ _0\"></span>cific to climate c<span class=\"_ _0\"></span>hange. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa0\">During t<span class=\"_ _0\"></span>he seco<span class=\"_ _0\"></span>nd half of F<span class=\"_ _0\"></span>Y 2023 the dro<span class=\"_ _0\"></span>p in sale<span class=\"_ _0\"></span>s to a quar<span class=\"_ _0\"></span>terly ru<span class=\"_ _0\"></span>n rate of c.830 to<span class=\"_ _0\"></span>nnes refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted the co<span class=\"_ _0\"></span>ntinuation of t<span class=\"_ _0\"></span>he contrac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa1\">deman<span class=\"_ _0\"></span>d in the glo<span class=\"_ _0\"></span>bal econ<span class=\"_ _0\"></span>omy<span class=\"_ _1\"></span>, wh<span class=\"_ _0\"></span>ich st<span class=\"_ _0\"></span>arte<span class=\"_ _0\"></span>d in the fir<span class=\"_ _0\"></span>st quar<span class=\"_ _0\"></span>ter of F<span class=\"_ _0\"></span>Y 2023, and als<span class=\"_ _0\"></span>o the rapi<span class=\"_ _0\"></span>d des<span class=\"_ _0\"></span>tocking by cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s as the<span class=\"_ _0\"></span>y managed </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa2\">their inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y and had ex<span class=\"_ _0\"></span>tend<span class=\"_ _0\"></span>ed shutdow<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>his level of d<span class=\"_ _0\"></span>emand is not in<span class=\"_ _0\"></span>consiste<span class=\"_ _0\"></span>nt with that s<span class=\"_ _0\"></span>een dur<span class=\"_ _0\"></span>ing C<span class=\"_ _1\"></span>OV<span class=\"_ _0\"></span>ID<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9 wi<span class=\"_ _0\"></span>th Q2 and Q4 </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa3\">for 2020 at similar leve<span class=\"_ _0\"></span>ls and Q3 lower due to g<span class=\"_ _0\"></span>lobal l<span class=\"_ _0\"></span>ockdowns<span class=\"_ _0\"></span>. Oth<span class=\"_ _0\"></span>er than in the cu<span class=\"_ _0\"></span>rrent econ<span class=\"_ _0\"></span>omic c<span class=\"_ _0\"></span>ycle an<span class=\"_ _0\"></span>d during COVID<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9 d<span class=\"_ _0\"></span>emand </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa4\">has not b<span class=\"_ _0\"></span>een at this l<span class=\"_ _0\"></span>evel durin<span class=\"_ _0\"></span>g the pas<span class=\"_ _0\"></span>t dec<span class=\"_ _0\"></span>ade. Wi<span class=\"_ _0\"></span>th custom<span class=\"_ _0\"></span>ers n<span class=\"_ _0\"></span>ow largel<span class=\"_ _0\"></span>y des<span class=\"_ _0\"></span>tocked the Bo<span class=\"_ _0\"></span>ard beli<span class=\"_ _0\"></span>eves the l<span class=\"_ _0\"></span>ow point of t<span class=\"_ _0\"></span>he econo<span class=\"_ _0\"></span>mic </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa5\">c<span class=\"_ _0\"></span>ycle has be<span class=\"_ _0\"></span>en reach<span class=\"_ _0\"></span>ed and, wh<span class=\"_ _0\"></span>ilst the<span class=\"_ _0\"></span>re are limited si<span class=\"_ _0\"></span>gns of a return to grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h, demand has s<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>ilised. A<span class=\"_ _0\"></span>s a re<span class=\"_ _0\"></span>sult the key dow<span class=\"_ _0\"></span>nside ris<span class=\"_ _0\"></span>k is </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa6\">that of an e<span class=\"_ _0\"></span>xten<span class=\"_ _0\"></span>ded pe<span class=\"_ _0\"></span>riod of sub<span class=\"_ _0\"></span>dued d<span class=\"_ _0\"></span>emand. T<span class=\"_ _0\"></span>he current d<span class=\"_ _0\"></span>ownturn ha<span class=\"_ _0\"></span>s been r<span class=\"_ _0\"></span>unning for 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs, alread<span class=\"_ _0\"></span>y long<span class=\"_ _0\"></span>er than the pr<span class=\"_ _0\"></span>evious </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa7\">dow<span class=\"_ _0\"></span>nturns during COVI<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>19 and the financ<span class=\"_ _0\"></span>ial crisis, b<span class=\"_ _0\"></span>ut with n<span class=\"_ _0\"></span>o clear sign<span class=\"_ _0\"></span>s of recover<span class=\"_ _0\"></span>y, the Board has co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d the impa<span class=\"_ _0\"></span>ct of re<span class=\"_ _0\"></span>duced </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa8\">deman<span class=\"_ _0\"></span>d, in line wit<span class=\"_ _0\"></span>h the lowe<span class=\"_ _0\"></span>st quar<span class=\"_ _0\"></span>ter of th<span class=\"_ _0\"></span>e previo<span class=\"_ _0\"></span>us year<span class=\"_ _1\"></span>, Q3, for a furt<span class=\"_ _0\"></span>her 6 month<span class=\"_ _0\"></span>s (scenari<span class=\"_ _0\"></span>o 1<span class=\"_ _2\"></span>) an<span class=\"_ _0\"></span>d a furt<span class=\"_ _0\"></span>her 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs (scenari<span class=\"_ _0\"></span>o 2)<span class=\"_ _1\"></span>. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsa9\">A<span class=\"_ _0\"></span>s noted ab<span class=\"_ _0\"></span>ove, the lowe<span class=\"_ _0\"></span>r cash bala<span class=\"_ _0\"></span>nce at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023 is, apar<span class=\"_ _0\"></span>t from lo<span class=\"_ _0\"></span>wer sal<span class=\"_ _0\"></span>es volum<span class=\"_ _0\"></span>es, at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able to an i<span class=\"_ _0\"></span>ncrease i<span class=\"_ _0\"></span>n the level </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsaa\">of inventor<span class=\"_ _0\"></span>y hel<span class=\"_ _0\"></span>d. C<span class=\"_ _1\"></span>urre<span class=\"_ _0\"></span>nt foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s assume a g<span class=\"_ _0\"></span>radual redu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on in inventor<span class=\"_ _0\"></span>y acro<span class=\"_ _0\"></span>ss F<span class=\"_ _0\"></span>Y 2024 and F<span class=\"_ _0\"></span>Y 202<span class=\"_ _1\"></span>5 wi<span class=\"_ _0\"></span>th inventor<span class=\"_ _0\"></span>y provi<span class=\"_ _0\"></span>ding the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsab\">opp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tunit<span class=\"_ _0\"></span>y to benef<span class=\"_ _0\"></span>it from market re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he scenari<span class=\"_ _0\"></span>os mo<span class=\"_ _0\"></span>delle<span class=\"_ _0\"></span>d assume t<span class=\"_ _0\"></span>hat a more ag<span class=\"_ _0\"></span>gressi<span class=\"_ _0\"></span>ve inventor<span class=\"_ _0\"></span>y unwind a<span class=\"_ _0\"></span>pproa<span class=\"_ _0\"></span>ch is taken </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsac\">to<span class=\"_ gs1\"> </span>mitiga<span class=\"_ _0\"></span>te the ongo<span class=\"_ _0\"></span>ing lower c<span class=\"_ _0\"></span>ash ge<span class=\"_ _0\"></span>neratio<span class=\"_ _0\"></span>n from subdu<span class=\"_ _0\"></span>ed volum<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc3 sc0 lsa ws8 gsad\">Scenario 1<span class=\"fc2 ls6 ws0\"> <span class=\"ff28 fc3\">\u2013 the glo<span class=\"_ _0\"></span>bal econ<span class=\"_ _0\"></span>omy remains sub<span class=\"_ _0\"></span>dued thro<span class=\"_ _0\"></span>ugh the fir<span class=\"_ _0\"></span>st hal<span class=\"_ _0\"></span>f of F<span class=\"_ _0\"></span>Y 202<span class=\"_ _1\"></span>4 wit<span class=\"_ _0\"></span>h demand in li<span class=\"_ _0\"></span>ne with t<span class=\"_ _0\"></span>he low po<span class=\"_ _0\"></span>int in F<span class=\"_ _0\"></span>Y 2023, </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsae\">quar<span class=\"_ _0\"></span>ter 3, before a s<span class=\"_ _0\"></span>low recove<span class=\"_ _0\"></span>ry in t<span class=\"_ _0\"></span>he seco<span class=\"_ _0\"></span>nd half of F<span class=\"_ _0\"></span>Y 2024. The de<span class=\"_ _0\"></span>mand then i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>estl<span class=\"_ _0\"></span>y through th<span class=\"_ _0\"></span>e secon<span class=\"_ _0\"></span>d half to c.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,9<span class=\"_ _0\"></span>00 </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsaf\">tonnes b<span class=\"_ _0\"></span>efore fur<span class=\"_ _0\"></span>ther m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>st grow<span class=\"_ _0\"></span>th for t<span class=\"_ _0\"></span>he remaind<span class=\"_ _0\"></span>er of the g<span class=\"_ _0\"></span>oing concer<span class=\"_ _0\"></span>n peri<span class=\"_ _0\"></span>od. Me<span class=\"_ _0\"></span>dical re<span class=\"_ _0\"></span>venue remains in l<span class=\"_ _0\"></span>ine with t<span class=\"_ _0\"></span>hat seen d<span class=\"_ _0\"></span>uring </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsb0\">the pa<span class=\"_ _0\"></span>st 1<span class=\"_ _1\"></span>2 month<span class=\"_ _0\"></span>s\u2019 run rate, with th<span class=\"_ _0\"></span>e econo<span class=\"_ _0\"></span>mic situati<span class=\"_ _0\"></span>on histor<span class=\"_ _0\"></span>icall<span class=\"_ _0\"></span>y having minimal im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on this s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>, in line with t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>erie<span class=\"_ _0\"></span>nce of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsb1\">the pa<span class=\"_ _0\"></span>st 1<span class=\"_ _1\"></span>2 month<span class=\"_ _0\"></span>s. Inventor<span class=\"_ _0\"></span>y is re<span class=\"_ _0\"></span>duced in line w<span class=\"_ _0\"></span>ith sa<span class=\"_ _0\"></span>les. </div><div class=\"t m0 hb ff27 fs4 fc3 sc0 lsa ws8 gsb2\">Scenario 2<span class=\"ff28 ls6 ws0\"> \u2013 in line with s<span class=\"_ _0\"></span>cenario 1 t<span class=\"_ _0\"></span>hrough the f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t half of F<span class=\"_ _0\"></span>Y 202<span class=\"_ _1\"></span>4, w<span class=\"_ _0\"></span>ith this lo<span class=\"_ _0\"></span>wer dema<span class=\"_ _0\"></span>nd continuing for a fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er 1<span class=\"_ _1\"></span>2 months, i.e. </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsb3\">through<span class=\"_ _0\"></span>out the g<span class=\"_ _0\"></span>oing conce<span class=\"_ _0\"></span>rn peri<span class=\"_ _0\"></span>od, tak<span class=\"_ _0\"></span>ing the tot<span class=\"_ _0\"></span>al peri<span class=\"_ _0\"></span>od of lowe<span class=\"_ _0\"></span>r demand to in e<span class=\"_ _0\"></span>xcess of 24 months<span class=\"_ _0\"></span>, well above t<span class=\"_ _0\"></span>he duratio<span class=\"_ _0\"></span>n of any </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsb4\">previ<span class=\"_ _0\"></span>ous dow<span class=\"_ _0\"></span>nturn ex<span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>enced by the Comp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>. This w<span class=\"_ _0\"></span>ould give an a<span class=\"_ _0\"></span>nnual volume b<span class=\"_ _0\"></span>elow c.3,3<span class=\"_ _0\"></span>00 ton<span class=\"_ _0\"></span>nes, a le<span class=\"_ _0\"></span>vel not se<span class=\"_ _0\"></span>en since 201<span class=\"_ _2\"></span>3. In </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsb5\">this sce<span class=\"_ _0\"></span>nario M<span class=\"_ _0\"></span>edica<span class=\"_ _0\"></span>l revenue is re<span class=\"_ _0\"></span>duced by 10% during the se<span class=\"_ _0\"></span>cond six m<span class=\"_ _0\"></span>onths to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t a limited imp<span class=\"_ _0\"></span>act f<span class=\"_ _0\"></span>rom a long<span class=\"_ _0\"></span>er last<span class=\"_ _0\"></span>ing slowdo<span class=\"_ _0\"></span>wn. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsb6\">Wit<span class=\"_ _0\"></span>h the per<span class=\"_ _0\"></span>iod of pro<span class=\"_ _0\"></span>longe<span class=\"_ _0\"></span>d lower d<span class=\"_ _0\"></span>emand, a mo<span class=\"_ _0\"></span>re aggre<span class=\"_ _0\"></span>ssive unw<span class=\"_ _0\"></span>ind of the inventor<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>alance has be<span class=\"_ _0\"></span>en as<span class=\"_ _0\"></span>sumed. I<span class=\"_ _0\"></span>nventor<span class=\"_ _0\"></span>y is reduce<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsb7\">in<span class=\"_ gs1\"> </span>line wi<span class=\"_ _0\"></span>th sal<span class=\"_ _0\"></span>es. Th<span class=\"_ _0\"></span>e Group consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s scenari<span class=\"_ _0\"></span>o 2 to be a severe b<span class=\"_ _0\"></span>ut plausib<span class=\"_ _0\"></span>le scenar<span class=\"_ _0\"></span>io.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsb8\">Commercial s<span class=\"_ _0\"></span>ales fro<span class=\"_ _0\"></span>m the new P<span class=\"_ _0\"></span>EEK manufac<span class=\"_ _0\"></span>turing facilit<span class=\"_ _0\"></span>y in China are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted in ea<span class=\"_ _0\"></span>rly 2024, a conseque<span class=\"_ _0\"></span>nce of which i<span class=\"_ _0\"></span>s that the enti<span class=\"_ _0\"></span>ty </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsb9\">will re<span class=\"_ _0\"></span>quire addit<span class=\"_ _0\"></span>ional fund<span class=\"_ _0\"></span>ing to see it t<span class=\"_ _0\"></span>hrough to net c<span class=\"_ _0\"></span>ash gen<span class=\"_ _0\"></span>eration. I<span class=\"_ _0\"></span>n concludin<span class=\"_ _0\"></span>g on the go<span class=\"_ _0\"></span>ing concer<span class=\"_ _0\"></span>n posit<span class=\"_ _0\"></span>ion, it has b<span class=\"_ _0\"></span>een as<span class=\"_ _0\"></span>sumed </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsba\">that V<span class=\"_ _0\"></span>ict<span class=\"_ _0\"></span>rex will pro<span class=\"_ _0\"></span>vide th<span class=\"_ _0\"></span>e addit<span class=\"_ _0\"></span>ional funds in f<span class=\"_ _0\"></span>ull, which th<span class=\"_ _0\"></span>e Board consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s to be the wo<span class=\"_ _0\"></span>rst c<span class=\"_ _0\"></span>ase s<span class=\"_ _0\"></span>cenario.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsbb\">Before any mi<span class=\"_ _0\"></span>tigating a<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons the s<span class=\"_ _0\"></span>ensitis<span class=\"_ _0\"></span>ed cash f<span class=\"_ _0\"></span>lows s<span class=\"_ _0\"></span>how the Company has s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>antly red<span class=\"_ _0\"></span>uced cas<span class=\"_ _0\"></span>h headro<span class=\"_ _0\"></span>om, which w<span class=\"_ _0\"></span>ould requi<span class=\"_ _0\"></span>re </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsbc\">use of th<span class=\"_ _0\"></span>e commit<span class=\"_ _0\"></span>ted facilit<span class=\"_ _0\"></span>y durin<span class=\"_ _0\"></span>g the goin<span class=\"_ _0\"></span>g concern p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d. The le<span class=\"_ _0\"></span>vel of facilit<span class=\"_ _0\"></span>y drawn d<span class=\"_ _0\"></span>own is hig<span class=\"_ _0\"></span>her in Scen<span class=\"_ _0\"></span>ario 2 but in n<span class=\"_ _0\"></span>either </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsbd\">scenar<span class=\"_ _0\"></span>io is the com<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>d facilit<span class=\"_ _0\"></span>y fully draw<span class=\"_ _0\"></span>n, nor drawn fo<span class=\"_ _0\"></span>r the who<span class=\"_ _0\"></span>le year<span class=\"_ _1\"></span>. W<span class=\"_ _0\"></span>ith ca<span class=\"_ _0\"></span>sh levels l<span class=\"_ _0\"></span>ower than has his<span class=\"_ _0\"></span>toric<span class=\"_ _0\"></span>ally be<span class=\"_ _0\"></span>en the c<span class=\"_ _0\"></span>ase for </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsbe\">Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x, the Compa<span class=\"_ _0\"></span>ny has identif<span class=\"_ _0\"></span>ied a numb<span class=\"_ _0\"></span>er of miti<span class=\"_ _0\"></span>gating ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s which are rea<span class=\"_ _0\"></span>dily availa<span class=\"_ _0\"></span>ble to increa<span class=\"_ _0\"></span>se the he<span class=\"_ _0\"></span>adroom<span class=\"_ _0\"></span>. Thes<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>e: </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gsbf\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsc0\">use of com<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>d facilit<span class=\"_ _0\"></span>y \u2013 \u00a340m co<span class=\"_ _0\"></span>uld be draw<span class=\"_ _0\"></span>n at shor<span class=\"_ _0\"></span>t noti<span class=\"_ _0\"></span>ce. C<span class=\"_ _1\"></span>onver<span class=\"_ _0\"></span>sati<span class=\"_ _0\"></span>ons wit<span class=\"_ _0\"></span>h our bankin<span class=\"_ _0\"></span>g par<span class=\"_ _0\"></span>tner<span class=\"_ _0\"></span>s indicate t<span class=\"_ _0\"></span>hat the \u00a320<span class=\"_ _0\"></span>m uncommit<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsc1\">accordio<span class=\"_ _0\"></span>n could als<span class=\"_ _0\"></span>o be readil<span class=\"_ _0\"></span>y access<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>he covenant<span class=\"_ _0\"></span>s of the facilit<span class=\"_ _0\"></span>y have be<span class=\"_ _0\"></span>en succes<span class=\"_ _0\"></span>sfully te<span class=\"_ _0\"></span>sted un<span class=\"_ _0\"></span>der each o<span class=\"_ _0\"></span>f the<span class=\"_ gs1\"> </span>scenar<span class=\"_ _0\"></span>ios;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gsc2\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsc3\">defer<span class=\"_ _0\"></span>ral of capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pendi<span class=\"_ _0\"></span>ture \u2013 the bas<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>e capit<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tment over t<span class=\"_ _0\"></span>he nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs is lower tha<span class=\"_ _0\"></span>n recent year<span class=\"_ _0\"></span>s at approx<span class=\"_ _0\"></span>imately </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsc4\">\u00a330<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>\u00a335m with ma<span class=\"_ _0\"></span>jor proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts comp<span class=\"_ _0\"></span>leted in China and th<span class=\"_ _0\"></span>e UK. T<span class=\"_ _0\"></span>his could b<span class=\"_ _0\"></span>e reduced s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>antly by limit<span class=\"_ _0\"></span>ing exp<span class=\"_ _0\"></span>enditure to e<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ntial </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsc5\">proje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s, d<span class=\"_ _0\"></span>eferring all ot<span class=\"_ _0\"></span>her proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts later<span class=\"_ gs1\"> </span>into 2025 or bey<span class=\"_ _0\"></span>ond;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gsc6\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsc7\">reduc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in discre<span class=\"_ _0\"></span>tionar<span class=\"_ _0\"></span>y over<span class=\"_ _0\"></span>heads \u2013 cos<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>ould be lim<span class=\"_ _0\"></span>ited to prio<span class=\"_ _0\"></span>ritise a<span class=\"_ _0\"></span>nd suppo<span class=\"_ _0\"></span>rt cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r related ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y; </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gsc8\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsc9\">reduc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in inventor<span class=\"_ _0\"></span>y level<span class=\"_ _0\"></span>s \u2013 inventor<span class=\"_ _0\"></span>y has be<span class=\"_ _0\"></span>en increas<span class=\"_ _0\"></span>ed to provi<span class=\"_ _0\"></span>de addi<span class=\"_ _0\"></span>tional s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>y dur<span class=\"_ _0\"></span>ing plant shutd<span class=\"_ _0\"></span>owns and to prov<span class=\"_ _0\"></span>ide </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsca\">suf<span class=\"_ _0\"></span>ficient inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y to respo<span class=\"_ _0\"></span>nd to a rapid eco<span class=\"_ _0\"></span>nomic re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he scenar<span class=\"_ _0\"></span>ios noted a<span class=\"_ _0\"></span>bove inclu<span class=\"_ _0\"></span>de an accel<span class=\"_ _0\"></span>eration of t<span class=\"_ _0\"></span>he inventor<span class=\"_ _0\"></span>y unwind </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gscb\">but a mo<span class=\"_ _0\"></span>re aggres<span class=\"_ _0\"></span>sive ap<span class=\"_ _0\"></span>proach co<span class=\"_ _0\"></span>uld be ta<span class=\"_ _0\"></span>ken to provide a<span class=\"_ _0\"></span>dditio<span class=\"_ _0\"></span>nal cash re<span class=\"_ _0\"></span>sources; an<span class=\"_ _0\"></span>d</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gscc\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gscd\">defer<span class=\"_ _0\"></span>ral/c<span class=\"_ _0\"></span>ancellati<span class=\"_ _0\"></span>on of divi<span class=\"_ _0\"></span>dends \u2013 th<span class=\"_ _0\"></span>e Board co<span class=\"_ _0\"></span>nsider<span class=\"_ _0\"></span>s the ca<span class=\"_ _0\"></span>sh posit<span class=\"_ _0\"></span>ion and inter<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s of all st<span class=\"_ _0\"></span>akehold<span class=\"_ _0\"></span>ers b<span class=\"_ _0\"></span>efore recom<span class=\"_ _0\"></span>mending </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsce\">paym<span class=\"_ _0\"></span>ent of a divi<span class=\"_ _0\"></span>dend. A di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nd has be<span class=\"_ _0\"></span>en prop<span class=\"_ _0\"></span>osed for p<span class=\"_ _0\"></span>ayment in F<span class=\"_ _0\"></span>ebruar<span class=\"_ _0\"></span>y 2024 of c.\u00a340<span class=\"_ _0\"></span>m and in the pa<span class=\"_ _0\"></span>st an interim d<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>end of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gscf\">c.\u00a31<span class=\"_ _2\"></span>2m has bee<span class=\"_ _0\"></span>n paid in Jun<span class=\"_ _0\"></span>e, giving a com<span class=\"_ _0\"></span>bined annua<span class=\"_ _0\"></span>l outf<span class=\"_ _0\"></span>low of c.\u00a352m. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsd1\">Rever<span class=\"_ _0\"></span>se s<span class=\"_ _0\"></span>tress te<span class=\"_ _0\"></span>sting wa<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>forme<span class=\"_ _0\"></span>d to identi<span class=\"_ _0\"></span>fy th<span class=\"_ _0\"></span>e level that s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s would ne<span class=\"_ _0\"></span>ed to drop by in or<span class=\"_ _0\"></span>der for the G<span class=\"_ _0\"></span>roup to run out of c<span class=\"_ _0\"></span>ash by the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsd2\">end of th<span class=\"_ _0\"></span>e going con<span class=\"_ _0\"></span>cern ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod. S<span class=\"_ _0\"></span>ales volu<span class=\"_ _0\"></span>mes woul<span class=\"_ _0\"></span>d need to co<span class=\"_ _0\"></span>nsistentl<span class=\"_ _0\"></span>y drop mater<span class=\"_ _0\"></span>ially be<span class=\"_ _0\"></span>low the lo<span class=\"_ _0\"></span>w point in sce<span class=\"_ _0\"></span>nario 2, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gsd3\">which is not considered plausibl<span class=\"_ _0\"></span>e.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsd4\">A<span class=\"_ _0\"></span>s a result of thi<span class=\"_ _0\"></span>s detai<span class=\"_ _0\"></span>led as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ment and w<span class=\"_ _0\"></span>ith reference to t<span class=\"_ _0\"></span>he Company\u2019s stro<span class=\"_ _0\"></span>ng balance sh<span class=\"_ _0\"></span>eet, e<span class=\"_ _0\"></span>xisti<span class=\"_ _0\"></span>ng commit<span class=\"_ _0\"></span>ted facilit<span class=\"_ _0\"></span>ies and th<span class=\"_ _0\"></span>e cash </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsd5\">pres<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ving leve<span class=\"_ _0\"></span>rs at th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany\u2019s dispo<span class=\"_ _0\"></span>sal, but a<span class=\"_ _0\"></span>lso ackn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dging the cu<span class=\"_ _0\"></span>rrent econ<span class=\"_ _0\"></span>omic unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y with a numb<span class=\"_ _0\"></span>er of glo<span class=\"_ _0\"></span>bal econ<span class=\"_ _0\"></span>omies </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsd6\">clos<span class=\"_ _0\"></span>e to/<span class=\"_ _0\"></span>in rece<span class=\"_ _0\"></span>ssio<span class=\"_ _0\"></span>n, the war in Uk<span class=\"_ _0\"></span>raine continuing an<span class=\"_ _0\"></span>d tensions in t<span class=\"_ _0\"></span>he Midd<span class=\"_ _0\"></span>le Eas<span class=\"_ _0\"></span>t, the Bo<span class=\"_ _0\"></span>ard has conclu<span class=\"_ _0\"></span>ded that t<span class=\"_ _0\"></span>he Company has </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsd7\">suf<span class=\"_ _0\"></span>ficient li<span class=\"_ _0\"></span>quidit<span class=\"_ _0\"></span>y to mee<span class=\"_ _0\"></span>t its o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons whe<span class=\"_ _0\"></span>n they fall due for a p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of at leas<span class=\"_ _0\"></span>t 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths af<span class=\"_ _0\"></span>ter the date o<span class=\"_ _0\"></span>f this repo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>. For this re<span class=\"_ _0\"></span>ason, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gsd8\">they cont<span class=\"_ _0\"></span>inue to ado<span class=\"_ _0\"></span>pt the go<span class=\"_ _0\"></span>ing concern b<span class=\"_ _0\"></span>asis for prep<span class=\"_ _0\"></span>aring the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gsd9\">Crit<span class=\"_ _0\"></span>ical ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and key so<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsda\">The p<span class=\"_ _0\"></span>reparati<span class=\"_ _0\"></span>on of the fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s in conform<span class=\"_ _0\"></span>ity w<span class=\"_ _0\"></span>ith UK-ad<span class=\"_ _0\"></span>opted interna<span class=\"_ _0\"></span>tional a<span class=\"_ _0\"></span>ccounting st<span class=\"_ _0\"></span>andards re<span class=\"_ _0\"></span>quires manag<span class=\"_ _0\"></span>ement to<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsdb\">make judge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s, est<span class=\"_ _0\"></span>imates and as<span class=\"_ _0\"></span>sumptio<span class=\"_ _0\"></span>ns that af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the appl<span class=\"_ _0\"></span>icati<span class=\"_ _0\"></span>on of poli<span class=\"_ _0\"></span>cies and re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ted am<span class=\"_ _0\"></span>ounts of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s, income<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7e ws6 gsdc\">and expenses.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsdd\">The e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s and assu<span class=\"_ _0\"></span>mptions a<span class=\"_ _0\"></span>re base<span class=\"_ _0\"></span>d on histor<span class=\"_ _0\"></span>ical ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ience and va<span class=\"_ _0\"></span>rious oth<span class=\"_ _0\"></span>er facto<span class=\"_ _0\"></span>rs that are b<span class=\"_ _0\"></span>elieve<span class=\"_ _0\"></span>d to be reas<span class=\"_ _0\"></span>onable un<span class=\"_ _0\"></span>der the<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsde\">circums<span class=\"_ _0\"></span>tances<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se es<span class=\"_ _0\"></span>timates and a<span class=\"_ _0\"></span>ssumpti<span class=\"_ _0\"></span>ons form th<span class=\"_ _0\"></span>e basis for mak<span class=\"_ _0\"></span>ing judge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s about t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing values of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s that are<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsdf\">not read<span class=\"_ _0\"></span>ily appa<span class=\"_ _0\"></span>rent from othe<span class=\"_ _0\"></span>r sources<span class=\"_ _0\"></span>. Actua<span class=\"_ _0\"></span>l result<span class=\"_ _0\"></span>s may dif<span class=\"_ _0\"></span>fer from the<span class=\"_ _0\"></span>se es<span class=\"_ _0\"></span>timates<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gse0\">The e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s and und<span class=\"_ _0\"></span>erlyin<span class=\"_ _0\"></span>g assumpt<span class=\"_ _0\"></span>ions are rev<span class=\"_ _0\"></span>iewed o<span class=\"_ _0\"></span>n an ongo<span class=\"_ _0\"></span>ing basis inc<span class=\"_ _0\"></span>luding formal co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _0\"></span>ion by the Au<span class=\"_ _0\"></span>dit Committe<span class=\"_ _0\"></span>e. Revisi<span class=\"_ _0\"></span>ons </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gse1\">to accounting e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s are recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e peri<span class=\"_ _0\"></span>od in whic<span class=\"_ _0\"></span>h the es<span class=\"_ _0\"></span>timate is revi<span class=\"_ _0\"></span>sed if th<span class=\"_ _0\"></span>e revisio<span class=\"_ _0\"></span>n affe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s only t<span class=\"_ _0\"></span>hat peri<span class=\"_ _0\"></span>od, or in the p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gse2\">revisi<span class=\"_ _0\"></span>on and future p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>ds if the re<span class=\"_ _0\"></span>vision af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s both cur<span class=\"_ _0\"></span>rent and future p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsa ws8 gse3\">Judgem<span class=\"_ _0\"></span>ents made in applying account<span class=\"_ _1\"></span>ing policies<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gse4\">Ot<span class=\"_ _0\"></span>her than jud<span class=\"_ _0\"></span>gement<span class=\"_ _0\"></span>s invol<span class=\"_ _0\"></span>ving the us<span class=\"_ _0\"></span>e of est<span class=\"_ _0\"></span>imates, th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tors d<span class=\"_ _0\"></span>o not consid<span class=\"_ _0\"></span>er there a<span class=\"_ _0\"></span>re any judgem<span class=\"_ _0\"></span>ents m<span class=\"_ _0\"></span>ade in ap<span class=\"_ _0\"></span>plying t<span class=\"_ _0\"></span>he Group\u2019s </div><div class=\"t m4 hb ff28 fs4 fc3 sc0 ls21 ws0 gse5\">signif<span class=\"_ _0\"></span>icant account<span class=\"_ _0\"></span>ing polic<span class=\"_ _0\"></span>ies whi<span class=\"_ _0\"></span>ch would have a mate<span class=\"_ _0\"></span>rial impa<span class=\"_ _0\"></span>ct on t<span class=\"_ _0\"></span>he amount<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the financi<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s within t<span class=\"_ _0\"></span>he nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 months<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls14 ws12 gse6\">Source<span class=\"_ _0\"></span>s of estimation un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gse7\">The G<span class=\"_ _0\"></span>roup use<span class=\"_ _0\"></span>s estima<span class=\"_ _0\"></span>tes and as<span class=\"_ _0\"></span>sumption<span class=\"_ _0\"></span>s in apply<span class=\"_ _0\"></span>ing the cri<span class=\"_ _0\"></span>tical a<span class=\"_ _0\"></span>ccounting po<span class=\"_ _0\"></span>licies to valu<span class=\"_ _0\"></span>e balance<span class=\"_ _0\"></span>s and trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions reco<span class=\"_ _0\"></span>rded in th<span class=\"_ _0\"></span>e financial<span class=\"_ _0\"></span> </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gse8\">st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imates and as<span class=\"_ _0\"></span>sumptio<span class=\"_ _0\"></span>ns that, if re<span class=\"_ _0\"></span>vised, w<span class=\"_ _0\"></span>ould have a signi<span class=\"_ _0\"></span>ficant r<span class=\"_ _0\"></span>isk of a material im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on the valu<span class=\"_ _0\"></span>ation of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gse9\">with<span class=\"_ _0\"></span>in the nex<span class=\"_ _0\"></span>t finan<span class=\"_ _0\"></span>cial year<span class=\"_ _1\"></span>, and t<span class=\"_ _0\"></span>herefore cla<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed as crit<span class=\"_ _0\"></span>ical, are ret<span class=\"_ _0\"></span>irement b<span class=\"_ _0\"></span>enefit<span class=\"_ _0\"></span>s (se<span class=\"_ _0\"></span>e note 1<span class=\"_ _1\"></span>7), the valuat<span class=\"_ _0\"></span>ion of inventor<span class=\"_ _0\"></span>y (s<span class=\"_ _0\"></span>ee note 1<span class=\"_ _1\"></span>3) and<span class=\"_ _0\"></span> </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gsea\">the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of the inves<span class=\"_ _0\"></span>tment in as<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ate and fair value of conve<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ible lo<span class=\"_ _0\"></span>an notes (s<span class=\"_ _0\"></span>ee note 1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>) hel<span class=\"_ _0\"></span>d in Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce T<span class=\"_ _1\"></span>echn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gseb\">BV (\u2018Bon<span class=\"_ _0\"></span>d\u2019). Th<span class=\"_ _0\"></span>e latter t<span class=\"_ _0\"></span>wo we<span class=\"_ _0\"></span>re disclo<span class=\"_ _0\"></span>sed as \u2018other are<span class=\"_ _0\"></span>as of judge<span class=\"_ _0\"></span>ment and s<span class=\"_ _0\"></span>ources of es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>on uncer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019 in the F<span class=\"_ _0\"></span>Y 2022 Annual Re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t. At<span class=\"_ _0\"></span> </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gsec\">31 March 2023 the Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s reass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed this re<span class=\"_ _0\"></span>sulting in the re<span class=\"_ _0\"></span>class<span class=\"_ _0\"></span>ificat<span class=\"_ _0\"></span>ion to \u2018critica<span class=\"_ _0\"></span>l judgem<span class=\"_ _0\"></span>ents a<span class=\"_ _0\"></span>nd key sources of es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>on uncer<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nty<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>his </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gsed\">conclusi<span class=\"_ _0\"></span>on was rea<span class=\"_ _0\"></span>ched in the k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dge tha<span class=\"_ _0\"></span>t furt<span class=\"_ _0\"></span>her inves<span class=\"_ _0\"></span>tment was re<span class=\"_ _0\"></span>quired to sup<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t Bond t<span class=\"_ _0\"></span>hrough to net c<span class=\"_ _0\"></span>ash gen<span class=\"_ _0\"></span>eration, t<span class=\"_ _0\"></span>he econo<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span> </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gsee\">environm<span class=\"_ _0\"></span>ent had tig<span class=\"_ _0\"></span>htened the f<span class=\"_ _0\"></span>inancing mar<span class=\"_ _0\"></span>k<span class=\"_ _1\"></span>et fo<span class=\"_ _0\"></span>r early s<span class=\"_ _0\"></span>tage b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>ses, t<span class=\"_ _0\"></span>here were d<span class=\"_ _0\"></span>elays to the d<span class=\"_ _0\"></span>eliver<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he key miles<span class=\"_ _0\"></span>tones and cu<span class=\"_ _0\"></span>rrent<span class=\"_ _0\"></span> </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gsef\">funding wa<span class=\"_ _0\"></span>s only suf<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>ent to sust<span class=\"_ _0\"></span>ain Bond thro<span class=\"_ _0\"></span>ugh to mid<span class=\"_ _0\"></span>-F<span class=\"_ _0\"></span>Y 2024. Th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tors t<span class=\"_ _0\"></span>herefore con<span class=\"_ _0\"></span>cluded t<span class=\"_ _0\"></span>here was an in<span class=\"_ _0\"></span>crease<span class=\"_ _0\"></span>d risk of a mater<span class=\"_ _0\"></span>ial </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gsf0\">change to t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing values of b<span class=\"_ _0\"></span>oth the inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt in asso<span class=\"_ _0\"></span>ciate and conve<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>ble loa<span class=\"_ _0\"></span>ns in the nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nths.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gsf1\">The c<span class=\"_ _0\"></span>ritic<span class=\"_ _0\"></span>al judge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s and key sources of e<span class=\"_ _0\"></span>stimat<span class=\"_ _0\"></span>ion uncer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainty t<span class=\"_ _0\"></span>hat the Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s have consid<span class=\"_ _0\"></span>ered in th<span class=\"_ _0\"></span>e proces<span class=\"_ _0\"></span>s of appl<span class=\"_ _0\"></span>ying the G<span class=\"_ _0\"></span>roup\u2019s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gsf2\">accounting p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s and that have th<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t signific<span class=\"_ _0\"></span>ant ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on the amo<span class=\"_ _0\"></span>unts re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s are inclu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin the<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gsf3\">releva<span class=\"_ _0\"></span>nt notes. Critic<span class=\"_ _0\"></span>al judg<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>s and key source<span class=\"_ _0\"></span>s of estim<span class=\"_ _0\"></span>ation unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y can be i<span class=\"_ _0\"></span>dentifi<span class=\"_ _0\"></span>ed throu<span class=\"_ _0\"></span>ghout th<span class=\"_ _0\"></span>e notes by the fo<span class=\"_ _0\"></span>llowing s<span class=\"_ _0\"></span>ymb<span class=\"_ _0\"></span>ol <span class=\"_ _1b\"> </span><span class=\"ls6\">. </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gsf4\">Manag<span class=\"_ _0\"></span>ement has d<span class=\"_ _0\"></span>iscuss<span class=\"_ _0\"></span>ed the<span class=\"_ _0\"></span>se wit<span class=\"_ _0\"></span>h the Audit Commit<span class=\"_ _0\"></span>tee. T<span class=\"_ _0\"></span>hese sh<span class=\"_ _0\"></span>ould be re<span class=\"_ _0\"></span>ad in conjunc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n with the s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant accounting p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gsf5\">in the note<span class=\"_ _0\"></span>s to the financ<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsf6\">The co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _0\"></span>ion of crit<span class=\"_ _0\"></span>ical jud<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nts and key so<span class=\"_ _0\"></span>urces of es<span class=\"_ _0\"></span>timatio<span class=\"_ _0\"></span>n uncer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y includ<span class=\"_ _0\"></span>es consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n of the potent<span class=\"_ _0\"></span>ial impac<span class=\"_ _0\"></span>t of climate<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsf7\">change o<span class=\"_ _0\"></span>n the financ<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e areas consi<span class=\"_ _0\"></span>dered an<span class=\"_ _0\"></span>d the conclus<span class=\"_ _0\"></span>ions mad<span class=\"_ _0\"></span>e can be i<span class=\"_ _0\"></span>dentifi<span class=\"_ _0\"></span>ed throug<span class=\"_ _0\"></span>hout the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents by th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 wscc gsf8\">symbol <span class=\"_ _b4\"> </span><span class=\"ls1b ws0\">. No<span class=\"_ _0\"></span>ne of the area<span class=\"_ _0\"></span>s of estim<span class=\"_ _0\"></span>ation unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y conside<span class=\"_ _0\"></span>red had a signi<span class=\"_ _0\"></span>ficant r<span class=\"_ _0\"></span>isk of material a<span class=\"_ _0\"></span>djustm<span class=\"_ _0\"></span>ent in the ne<span class=\"_ _0\"></span>xt 12 months as a resul<span class=\"_ _0\"></span>t </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1b ws0 gsf9\">of climate chang<span class=\"_ _0\"></span>e, althoug<span class=\"_ _0\"></span>h it is noted tha<span class=\"_ _0\"></span>t there could b<span class=\"_ _0\"></span>e a more si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant impac<span class=\"_ _0\"></span>t over th<span class=\"_ _0\"></span>e medium an<span class=\"_ _0\"></span>d longe<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>-ter<span class=\"_ _0\"></span>m time fram<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gsfa\">O<span class=\"_ _0\"></span>ther a<span class=\"_ _0\"></span>reas o<span class=\"_ _0\"></span>f judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d sou<span class=\"_ _0\"></span>rces o<span class=\"_ _0\"></span>f es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gsfb\">The f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents inc<span class=\"_ _0\"></span>lude othe<span class=\"_ _0\"></span>r areas of judg<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span>d sources of e<span class=\"_ _0\"></span>stimat<span class=\"_ _0\"></span>ion uncer<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>inty w<span class=\"_ _0\"></span>hich do not m<span class=\"_ _0\"></span>eet th<span class=\"_ _0\"></span>e above d<span class=\"_ _0\"></span>efinitio<span class=\"_ _0\"></span>n of critic<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gsfc\">eithe<span class=\"_ _0\"></span>r due to the l<span class=\"_ _0\"></span>evel of risk or t<span class=\"_ _0\"></span>he time fram<span class=\"_ _0\"></span>e of the pote<span class=\"_ _0\"></span>ntial impa<span class=\"_ _0\"></span>ct, h<span class=\"_ _0\"></span>owever ap<span class=\"_ _0\"></span>ply to the m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent of cer<span class=\"_ _0\"></span>tain mater<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es.<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gsfd\">The<span class=\"_ _0\"></span>se includ<span class=\"_ _0\"></span>e the us<span class=\"_ _0\"></span>eful econo<span class=\"_ _0\"></span>mic live<span class=\"_ _0\"></span>s and resid<span class=\"_ _0\"></span>ual value of pro<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, plant and e<span class=\"_ _0\"></span>quipme<span class=\"_ _0\"></span>nt and the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on of deferr<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>xation b<span class=\"_ _0\"></span>alances for<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gsfe\">which t<span class=\"_ _0\"></span>here is uncer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainty o<span class=\"_ _0\"></span>ver the lo<span class=\"_ _0\"></span>nger ter<span class=\"_ _0\"></span>m. </div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gsff\">New a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds a<span class=\"_ _0\"></span>nd am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>ing st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dard<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs100\">Ne<span class=\"_ _0\"></span>w stan<span class=\"_ _0\"></span>dards and am<span class=\"_ _0\"></span>endment<span class=\"_ _0\"></span>s to ex<span class=\"_ _0\"></span>isting s<span class=\"_ _0\"></span>tanda<span class=\"_ _0\"></span>rds were ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear ende<span class=\"_ _0\"></span>d 30 Sep<span class=\"_ _0\"></span>tember 2023, whi<span class=\"_ _0\"></span>ch include<span class=\"_ _0\"></span>d: </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs101\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs102\">Am<span class=\"_ _0\"></span>endment<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 1 \u2013 P<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>ice Statement 2 an<span class=\"_ _0\"></span>d IA<span class=\"_ _0\"></span>S 8 \u2013 Dis<span class=\"_ _0\"></span>tinguish B<span class=\"_ _0\"></span>etw<span class=\"_ _0\"></span>een Changes in A<span class=\"_ _0\"></span>ccounting Poli<span class=\"_ _0\"></span>cies and Acco<span class=\"_ _0\"></span>unting Es<span class=\"_ _0\"></span>timates;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs103\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs104\">Am<span class=\"_ _0\"></span>endment to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>2 \u2013 D<span class=\"_ _0\"></span>eferred Tax Related to A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and Liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>rising from a Si<span class=\"_ _0\"></span>ngle T<span class=\"_ _1\"></span>rans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs105\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs106\">IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 \u2013 Insura<span class=\"_ _0\"></span>nce Contract<span class=\"_ _0\"></span>s \u2013 Rep<span class=\"_ _0\"></span>lacement of I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 4; and</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs107\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs108\">Am<span class=\"_ _0\"></span>endment to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>2 \u2013 I<span class=\"_ _0\"></span>nternati<span class=\"_ _0\"></span>onal T<span class=\"_ _1\"></span>ax Refo<span class=\"_ _0\"></span>rm \u2013 Pillar Two Mod<span class=\"_ _0\"></span>el Rules<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs109\">No<span class=\"_ _0\"></span>ne of thes<span class=\"_ _0\"></span>e have had a materi<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>t on the co<span class=\"_ _0\"></span>nsolid<span class=\"_ _0\"></span>ated or Company resu<span class=\"_ _0\"></span>lt or financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs10b\">Stan<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>ds ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive fr<span class=\"_ _0\"></span>om 1 Oc<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2023 o<span class=\"_ _0\"></span>nward<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs10c\">A numbe<span class=\"_ _0\"></span>r of sta<span class=\"_ _0\"></span>ndards, am<span class=\"_ _0\"></span>endme<span class=\"_ _0\"></span>nts and inter<span class=\"_ _0\"></span>preta<span class=\"_ _0\"></span>tions have b<span class=\"_ _0\"></span>een issu<span class=\"_ _0\"></span>ed and en<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>sed by the U<span class=\"_ _0\"></span>K but are not y<span class=\"_ _0\"></span>et effe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive or have be<span class=\"_ _0\"></span>en </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs10d\">issue<span class=\"_ _0\"></span>d but not en<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>sed by th<span class=\"_ _0\"></span>e UK and, accord<span class=\"_ _0\"></span>ingly, the Group has not ye<span class=\"_ _0\"></span>t adopte<span class=\"_ _0\"></span>d them. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e include: </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs10e\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs10f\">Am<span class=\"_ _0\"></span>endment to I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>6 \u2013 Lea<span class=\"_ _0\"></span>ses on S<span class=\"_ _0\"></span>ale and L<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>back;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs110\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs111\">Am<span class=\"_ _0\"></span>endment to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 1 \u2013 Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>urr<span class=\"_ _0\"></span>ent Liabil<span class=\"_ _0\"></span>ities w<span class=\"_ _0\"></span>ith Covenants;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs112\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs113\">Am<span class=\"_ _0\"></span>endment<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 7 and I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 7 \u2013 Suppli<span class=\"_ _0\"></span>er Finance A<span class=\"_ _0\"></span>rrange<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s; and</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs114\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs115\">Am<span class=\"_ _0\"></span>endment<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 21 \u2013 Lack of E<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>eabilit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs116\">No<span class=\"_ _0\"></span>ne of thes<span class=\"_ _0\"></span>e are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to have a mater<span class=\"_ _0\"></span>ial impac<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e Group\u2019s consolid<span class=\"_ _0\"></span>ated result o<span class=\"_ _0\"></span>r financial p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "General inf<span class=\"_ _1\"></span>ormation<span class=\"_ _2cb\"> </span>Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x plc (the \u2018Company\u2019<span class=\"_ _0\"></span>) is a public co<span class=\"_ _0\"></span>mpany<span class=\"_ _1\"></span>, w<span class=\"_ _0\"></span>hich is limite<span class=\"_ _0\"></span>d by shares and is li<span class=\"_ _0\"></span>sted on t<span class=\"_ _0\"></span>he Lond<span class=\"_ _0\"></span>on Stock Exc<span class=\"_ _0\"></span>hange. The Compa<span class=\"_ _0\"></span>ny is incorp<span class=\"_ _0\"></span>orated an<span class=\"_ _0\"></span>d domicil<span class=\"_ _0\"></span>ed in England in t<span class=\"_ _0\"></span>he United K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om. The a<span class=\"_ _0\"></span>ddres<span class=\"_ _0\"></span>s of its r<span class=\"_ _0\"></span>egiste<span class=\"_ _0\"></span>red off<span class=\"_ _0\"></span>ice is Vi<span class=\"_ _0\"></span>ctre<span class=\"_ _0\"></span>x T<span class=\"_ _1\"></span>echno<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>y C<span class=\"_ _1\"></span>ent<span class=\"_ _0\"></span>re, Hillhouse Interna<span class=\"_ _1\"></span>tional, Thornt<span class=\"_ _1\"></span>on Clev<span class=\"_ _1\"></span>eleys, Lancashire FY5 4<span class=\"_ _0\"></span>QD<span class=\"_ _1\"></span>, United Kingdom<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>The co<span class=\"_ _0\"></span>nsolid<span class=\"_ _0\"></span>ated financia<span class=\"_ _0\"></span>l state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s of the Company for th<span class=\"_ _0\"></span>e year ende<span class=\"_ _0\"></span>d 30 Se<span class=\"_ _0\"></span>ptember 2023 com<span class=\"_ _0\"></span>prise t<span class=\"_ _0\"></span>he Company and it<span class=\"_ _0\"></span>s subsidia<span class=\"_ _0\"></span>ries (together r<span class=\"_ _1\"></span>eferred to as the<span class=\"_ _1\"></span> \u2018Group\u2019)<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>The<span class=\"_ _0\"></span>se cons<span class=\"_ _0\"></span>olidated f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts have b<span class=\"_ _0\"></span>een ap<span class=\"_ _0\"></span>proved for is<span class=\"_ _0\"></span>sue by the Bo<span class=\"_ _0\"></span>ard of Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s on 5 De<span class=\"_ _0\"></span>cembe<span class=\"_ _0\"></span>r 2023.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "Victrex plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "public company, which is limited by shares",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-6": {
   "value": "Victrex Technology Centre, Hillhouse International, Thornton Cleveleys, Lancashire FY5 4QD, United Kingdom",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "Ba<span class=\"_ _0\"></span>sis o<span class=\"_ _0\"></span>f pre<span class=\"_ _0\"></span>parat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent of c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>ianc<span class=\"_ _0\"></span>e<span class=\"_ _2cb\"> </span>Both th<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>dated and Company fi<span class=\"_ _0\"></span>nancial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts have be<span class=\"_ _0\"></span>en prep<span class=\"_ _0\"></span>ared in accord<span class=\"_ _0\"></span>ance with I<span class=\"_ _0\"></span>nternati<span class=\"_ _0\"></span>onal Accounting Stan<span class=\"_ _0\"></span>dards in conformi<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>ith the re<span class=\"_ _0\"></span>quirement<span class=\"_ _0\"></span>s of the Compan<span class=\"_ _0\"></span>ies Ac<span class=\"_ _0\"></span>t 200<span class=\"_ _0\"></span>6 and in accor<span class=\"_ _0\"></span>dance wit<span class=\"_ _0\"></span>h UK-adopte<span class=\"_ _0\"></span>d Internati<span class=\"_ _0\"></span>onal Accountin<span class=\"_ _0\"></span>g S<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>andards<span class=\"_ _0\"></span>. The financia<span class=\"_ _0\"></span>l state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s have bee<span class=\"_ _0\"></span>n prepare<span class=\"_ _0\"></span>d under th<span class=\"_ _0\"></span>e histori<span class=\"_ _0\"></span>cal cos<span class=\"_ _0\"></span>t basis e<span class=\"_ _0\"></span>xcept for deri<span class=\"_ _0\"></span>vative fi<span class=\"_ _0\"></span>nancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>fined b<span class=\"_ _0\"></span>enefit p<span class=\"_ _0\"></span>ension<span class=\"_ _0\"></span> sche<span class=\"_ _0\"></span>me ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair value throu<span class=\"_ _0\"></span>gh profit and l<span class=\"_ _0\"></span>oss, w<span class=\"_ _0\"></span>hich are m<span class=\"_ _0\"></span>easured at th<span class=\"_ _0\"></span>eir fair value.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s business a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iviti<span class=\"_ _0\"></span>es, tog<span class=\"_ _0\"></span>ether w<span class=\"_ _0\"></span>ith fac<span class=\"_ _0\"></span>tors likely to af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t it<span class=\"_ _0\"></span>s future deve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>ent, per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance and po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n, are set out in t<span class=\"_ _0\"></span>he Strategic re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t on pag<span class=\"_ _0\"></span>es 1 to 66. I<span class=\"_ _0\"></span>n addit<span class=\"_ _0\"></span>ion, note 16 on financial r<span class=\"_ _0\"></span>isk manage<span class=\"_ _0\"></span>ment det<span class=\"_ _0\"></span>ails the Gro<span class=\"_ _0\"></span>up\u2019s exposur<span class=\"_ _0\"></span>e to a variet<span class=\"_ _0\"></span>y of financ<span class=\"_ _0\"></span>ial risks, including currency and credit risk.<span class=\"_ _2cb\"> </span>On pub<span class=\"_ _0\"></span>lishing the Compa<span class=\"_ _0\"></span>ny financial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>re togeth<span class=\"_ _0\"></span>er with t<span class=\"_ _0\"></span>he conso<span class=\"_ _0\"></span>lidated fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany is taki<span class=\"_ _0\"></span>ng adva<span class=\"_ _0\"></span>ntage of s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion 4<span class=\"_ _0\"></span>08 o<span class=\"_ _0\"></span>f the Companie<span class=\"_ _0\"></span>s Act 20<span class=\"_ _0\"></span>06 n<span class=\"_ _0\"></span>ot to prese<span class=\"_ _0\"></span>nt its ind<span class=\"_ _0\"></span>ividua<span class=\"_ _0\"></span>l income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt and related n<span class=\"_ _0\"></span>otes that form p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of the approved fin<span class=\"_ _1\"></span>ancial statements.<span class=\"_ _2cb\"> </span>Unle<span class=\"_ _0\"></span>ss a chang<span class=\"_ _0\"></span>e has bee<span class=\"_ _0\"></span>n required by a<span class=\"_ _0\"></span>dopti<span class=\"_ _0\"></span>on of new s<span class=\"_ _0\"></span>tanda<span class=\"_ _0\"></span>rds, the accou<span class=\"_ _0\"></span>nting poli<span class=\"_ _0\"></span>cies se<span class=\"_ _0\"></span>t out in the<span class=\"_ _0\"></span>se notes have b<span class=\"_ _0\"></span>een a<span class=\"_ _0\"></span>pplied consis<span class=\"_ _0\"></span>tently to all p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>s prese<span class=\"_ _0\"></span>nted in thes<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>dated and Compa<span class=\"_ _0\"></span>ny financial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts. The accounti<span class=\"_ _1\"></span>ng policies have been con<span class=\"_ _1\"></span>sistently applied by Group<span class=\"_ _1\"></span> entities.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "Going concern<span class=\"_ _2cb\"> </span>The D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors have p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>forme<span class=\"_ _0\"></span>d a robus<span class=\"_ _0\"></span>t going con<span class=\"_ _0\"></span>cern ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent includin<span class=\"_ _0\"></span>g a deta<span class=\"_ _0\"></span>iled revi<span class=\"_ _0\"></span>ew of the bus<span class=\"_ _0\"></span>iness\u2019 24<span class=\"_ _0\"></span>-m<span class=\"_ _0\"></span>onth rolling for<span class=\"_ _0\"></span>ecas<span class=\"_ _0\"></span>t and consid<span class=\"_ _0\"></span>eration of t<span class=\"_ _0\"></span>he princip<span class=\"_ _0\"></span>al risk<span class=\"_ _0\"></span>s faced by the G<span class=\"_ _0\"></span>roup and th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany<span class=\"_ _1\"></span>, as de<span class=\"_ _0\"></span>taile<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>es 32 to 38. T<span class=\"_ _0\"></span>his asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt has paid pa<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>cular at<span class=\"_ _0\"></span>tention to cur<span class=\"_ _0\"></span>rent trading re<span class=\"_ _0\"></span>sults a<span class=\"_ _0\"></span>nd the impa<span class=\"_ _0\"></span>ct of t<span class=\"_ _0\"></span>he current gl<span class=\"_ _0\"></span>obal e<span class=\"_ _0\"></span>conomic c<span class=\"_ _0\"></span>hallenge<span class=\"_ _0\"></span>s on the afor<span class=\"_ _0\"></span>ementio<span class=\"_ _0\"></span>ned fore<span class=\"_ _0\"></span>cast<span class=\"_ _0\"></span>s. The Comp<span class=\"_ _0\"></span>any maintains a s<span class=\"_ _0\"></span>trong bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t providin<span class=\"_ _0\"></span>g assurance to key st<span class=\"_ _0\"></span>akehold<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, including cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s, supp<span class=\"_ _0\"></span>liers a<span class=\"_ _0\"></span>nd emplo<span class=\"_ _0\"></span>yees. The co<span class=\"_ _0\"></span>mbined c<span class=\"_ _0\"></span>ash and ot<span class=\"_ _0\"></span>her financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts ba<span class=\"_ _0\"></span>lance at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 was \u00a333.5m, having red<span class=\"_ _0\"></span>uced from \u00a368<span class=\"_ _0\"></span>.8m at 3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber 2022 followin<span class=\"_ _0\"></span>g payme<span class=\"_ _0\"></span>nt of the regula<span class=\"_ _0\"></span>r divid<span class=\"_ _0\"></span>ends of \u00a340.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m in Fe<span class=\"_ _0\"></span>bruar<span class=\"_ _0\"></span>y 2023 and \u00a31<span class=\"_ _8\"></span>1.<span class=\"_ _2\"></span>7m in June 2023 and a s<span class=\"_ _0\"></span>trategi<span class=\"_ _0\"></span>c increas<span class=\"_ _0\"></span>e in the leve<span class=\"_ _0\"></span>l of inventor<span class=\"_ _0\"></span>y hel<span class=\"_ _0\"></span>d. Of the \u00a3<span class=\"_ _0\"></span>33.5m, \u00a33.4m is hel<span class=\"_ _0\"></span>d in the Group\u2019s subsidi<span class=\"_ _0\"></span>aries in China for the s<span class=\"_ _0\"></span>ole pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of funding the co<span class=\"_ _0\"></span>nstru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of our new manu<span class=\"_ _0\"></span>factur<span class=\"_ _0\"></span>ing facilitie<span class=\"_ _0\"></span>s. Of t<span class=\"_ _0\"></span>he remaining \u00a3<span class=\"_ _0\"></span>30.<span class=\"_ _2\"></span>1m, approximatel<span class=\"_ _0\"></span>y 70<span class=\"_ _1\"></span>% is h<span class=\"_ _0\"></span>eld in the U<span class=\"_ _0\"></span>K, on ins<span class=\"_ _0\"></span>tant acce<span class=\"_ _0\"></span>ss, wh<span class=\"_ _0\"></span>ere the Company incu<span class=\"_ _0\"></span>rs the maj<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y of it<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>enditure. T<span class=\"_ _0\"></span>he Group has draw<span class=\"_ _0\"></span>n debt of \u00a3<span class=\"_ _0\"></span>31<span class=\"_ _2\"></span>.6m in i<span class=\"_ _0\"></span>ts Chines<span class=\"_ _0\"></span>e subsidiar<span class=\"_ _0\"></span>ies (wit<span class=\"_ _0\"></span>h a total facilit<span class=\"_ _0\"></span>y of c.\u00a3<span class=\"_ _0\"></span>34.<span class=\"_ _0\"></span>2m available until De<span class=\"_ _0\"></span>cembe<span class=\"_ _0\"></span>r 202<span class=\"_ _1\"></span>6) an<span class=\"_ _0\"></span>d has unutilis<span class=\"_ _0\"></span>ed UK ban<span class=\"_ _0\"></span>king faciliti<span class=\"_ _0\"></span>es, rene<span class=\"_ _0\"></span>wed and ex<span class=\"_ _0\"></span>tend<span class=\"_ _0\"></span>ed in O<span class=\"_ _0\"></span>ctob<span class=\"_ _0\"></span>er 2023, of \u00a360m throu<span class=\"_ _0\"></span>gh to Oc<span class=\"_ _0\"></span>tober 2026, of which \u00a34<span class=\"_ _0\"></span>0m is co<span class=\"_ _0\"></span>mmitte<span class=\"_ _0\"></span>d and imme<span class=\"_ _0\"></span>diately ava<span class=\"_ _0\"></span>ilable and \u00a3<span class=\"_ _0\"></span>20m is availa<span class=\"_ _0\"></span>ble subje<span class=\"_ _0\"></span>ct to l<span class=\"_ _0\"></span>ender a<span class=\"_ _0\"></span>pproval.<span class=\"_ _2cb\"> </span>The 24<span class=\"_ _0\"></span>-m<span class=\"_ _0\"></span>onth forec<span class=\"_ _0\"></span>ast is d<span class=\"_ _0\"></span>erive<span class=\"_ _0\"></span>d from the Company<span class=\"_ _0\"></span>\u2019s Integrated Busin<span class=\"_ _0\"></span>ess P<span class=\"_ _0\"></span>lanning (\u2018I<span class=\"_ _0\"></span>BP<span class=\"_ _0\"></span>\u2019) proce<span class=\"_ _0\"></span>ss whi<span class=\"_ _0\"></span>ch runs month<span class=\"_ _0\"></span>ly<span class=\"_ _1\"></span>. Ea<span class=\"_ _0\"></span>ch area of the busi<span class=\"_ _0\"></span>ness pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>s foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s which cons<span class=\"_ _0\"></span>ider a numb<span class=\"_ _0\"></span>er of ex<span class=\"_ _0\"></span>ternal d<span class=\"_ _0\"></span>ata so<span class=\"_ _0\"></span>urces, trian<span class=\"_ _0\"></span>gulating w<span class=\"_ _0\"></span>ith custo<span class=\"_ _0\"></span>mer conver<span class=\"_ _0\"></span>sati<span class=\"_ _0\"></span>ons, tren<span class=\"_ _0\"></span>ds in market and count<span class=\"_ _0\"></span>ry in<span class=\"_ _0\"></span>dices as we<span class=\"_ _0\"></span>ll as for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-lo<span class=\"_ _0\"></span>oking ind<span class=\"_ _0\"></span>ustr<span class=\"_ _0\"></span>y fore<span class=\"_ _0\"></span>cast<span class=\"_ _0\"></span>s, for e<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st aircraf<span class=\"_ _0\"></span>t build rate<span class=\"_ _0\"></span>s from the t<span class=\"_ _0\"></span>wo majo<span class=\"_ _0\"></span>r manufac<span class=\"_ _0\"></span>turer<span class=\"_ _0\"></span>s for Aeros<span class=\"_ _0\"></span>pace, rig count and p<span class=\"_ _0\"></span>urchasing manag<span class=\"_ _0\"></span>er indice<span class=\"_ _0\"></span>s for E&amp;I<span class=\"_ _0\"></span>, World Se<span class=\"_ _0\"></span>miconduc<span class=\"_ _0\"></span>tor Tr<span class=\"_ _1\"></span>ad<span class=\"_ _0\"></span>e Statis<span class=\"_ _0\"></span>tics s<span class=\"_ _0\"></span>emicond<span class=\"_ _0\"></span>ucto<span class=\"_ _0\"></span>r market forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s for Ele<span class=\"_ _0\"></span>ctro<span class=\"_ _0\"></span>nics an<span class=\"_ _0\"></span>d Nee<span class=\"_ _0\"></span>dham and I<span class=\"_ _0\"></span>QVI<span class=\"_ _0\"></span>A forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s for Me<span class=\"_ _0\"></span>dical p<span class=\"_ _0\"></span>rocedure<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>The a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment of g<span class=\"_ _0\"></span>oing conce<span class=\"_ _0\"></span>rn includ<span class=\"_ _0\"></span>ed conduc<span class=\"_ _0\"></span>ting s<span class=\"_ _0\"></span>cenario an<span class=\"_ _0\"></span>alysis o<span class=\"_ _0\"></span>n the aforem<span class=\"_ _0\"></span>ention<span class=\"_ _0\"></span>ed forec<span class=\"_ _0\"></span>ast wh<span class=\"_ _0\"></span>ich, given cur<span class=\"_ _0\"></span>rent econ<span class=\"_ _0\"></span>omic forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s and sa<span class=\"_ _0\"></span>les tren<span class=\"_ _0\"></span>ds through t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear ende<span class=\"_ _0\"></span>d 30 Se<span class=\"_ _0\"></span>ptember 2023, wh<span class=\"_ _0\"></span>ere volume<span class=\"_ _0\"></span>s dropp<span class=\"_ _0\"></span>ed 24<span class=\"_ _1\"></span>% year on yea<span class=\"_ _0\"></span>r and 33% in the seco<span class=\"_ _0\"></span>nd half, exacerb<span class=\"_ _0\"></span>ated by rapi<span class=\"_ _0\"></span>d custome<span class=\"_ _0\"></span>r des<span class=\"_ _0\"></span>tocking, fo<span class=\"_ _0\"></span>cused o<span class=\"_ _0\"></span>n the Group\u2019s abilit<span class=\"_ _0\"></span>y to sust<span class=\"_ _0\"></span>ain a fur<span class=\"_ _0\"></span>ther p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of suppres<span class=\"_ _0\"></span>sed d<span class=\"_ _0\"></span>emand. I<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g the seve<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of the scena<span class=\"_ _0\"></span>rio analy<span class=\"_ _0\"></span>sis the s<span class=\"_ _0\"></span>cale an<span class=\"_ _0\"></span>d longe<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y of the imp<span class=\"_ _0\"></span>act e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>rience<span class=\"_ _0\"></span>d during prev<span class=\"_ _0\"></span>ious e<span class=\"_ _0\"></span>conomic d<span class=\"_ _0\"></span>ownturns hav<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>en conside<span class=\"_ _0\"></span>red, includi<span class=\"_ _0\"></span>ng the dif<span class=\"_ _0\"></span>fering imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts on t<span class=\"_ _0\"></span>he Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>oluti<span class=\"_ _0\"></span>ons versu<span class=\"_ _0\"></span>s Medi<span class=\"_ _0\"></span>cal<span class=\"_ gs1\"> </span>se<span class=\"_ _0\"></span>gment<span class=\"_ _0\"></span>s. Using th<span class=\"_ _0\"></span>e IBP da<span class=\"_ _0\"></span>ta and refere<span class=\"_ _0\"></span>nce point<span class=\"_ _0\"></span>s from pre<span class=\"_ _0\"></span>vious d<span class=\"_ _0\"></span>ownturns ma<span class=\"_ _0\"></span>nageme<span class=\"_ _0\"></span>nt has created t<span class=\"_ _0\"></span>wo s<span class=\"_ _0\"></span>cenario<span class=\"_ _0\"></span>s to mode<span class=\"_ _0\"></span>l the continuing e<span class=\"_ _0\"></span>ffec<span class=\"_ _0\"></span>t of lower d<span class=\"_ _0\"></span>emand at re<span class=\"_ _0\"></span>gional<span class=\"_ _0\"></span>/mar<span class=\"_ _0\"></span>ket level and ag<span class=\"_ _0\"></span>gregate<span class=\"_ _0\"></span>d levels on t<span class=\"_ _0\"></span>he Company\u2019s profit<span class=\"_ _0\"></span>s and c<span class=\"_ _0\"></span>ash gene<span class=\"_ _0\"></span>ration thro<span class=\"_ _0\"></span>ugh to Dece<span class=\"_ _0\"></span>mber 2024 with co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _0\"></span>ion als<span class=\"_ _0\"></span>o given to the si<span class=\"_ _0\"></span>x months b<span class=\"_ _0\"></span>eyond thi<span class=\"_ _0\"></span>s. The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e and the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s N<span class=\"_ _0\"></span>et Zero 205<span class=\"_ _0\"></span>0 goal (Sco<span class=\"_ _0\"></span>pe 1<span class=\"_ _1\"></span>, 2 &amp; 3) are conside<span class=\"_ _0\"></span>red as par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e aforementi<span class=\"_ _0\"></span>oned I<span class=\"_ _0\"></span>BP pro<span class=\"_ _0\"></span>cess, f<span class=\"_ _0\"></span>rom both a reve<span class=\"_ _0\"></span>nue and cos<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve, with the a<span class=\"_ _0\"></span>nticipate<span class=\"_ _0\"></span>d impac<span class=\"_ _0\"></span>t (asse<span class=\"_ _0\"></span>ssed a<span class=\"_ _0\"></span>s insignifi<span class=\"_ _0\"></span>cant over th<span class=\"_ _0\"></span>e shor<span class=\"_ _0\"></span>ter-term go<span class=\"_ _0\"></span>ing concern p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d) incor<span class=\"_ _0\"></span>porated in t<span class=\"_ _0\"></span>he forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>s a result t<span class=\"_ _0\"></span>he scenar<span class=\"_ _0\"></span>io test<span class=\"_ _0\"></span>ing noted bel<span class=\"_ _0\"></span>ow doe<span class=\"_ _0\"></span>s not incorp<span class=\"_ _0\"></span>orate any add<span class=\"_ _0\"></span>itional s<span class=\"_ _0\"></span>ensiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y spe<span class=\"_ _0\"></span>cific to climate c<span class=\"_ _0\"></span>hange. During t<span class=\"_ _0\"></span>he seco<span class=\"_ _0\"></span>nd half of F<span class=\"_ _0\"></span>Y 2023 the dro<span class=\"_ _0\"></span>p in sale<span class=\"_ _0\"></span>s to a quar<span class=\"_ _0\"></span>terly ru<span class=\"_ _0\"></span>n rate of c.830 to<span class=\"_ _0\"></span>nnes refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted the co<span class=\"_ _0\"></span>ntinuation of t<span class=\"_ _0\"></span>he contrac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in deman<span class=\"_ _0\"></span>d in the glo<span class=\"_ _0\"></span>bal econ<span class=\"_ _0\"></span>omy<span class=\"_ _1\"></span>, wh<span class=\"_ _0\"></span>ich st<span class=\"_ _0\"></span>arte<span class=\"_ _0\"></span>d in the fir<span class=\"_ _0\"></span>st quar<span class=\"_ _0\"></span>ter of F<span class=\"_ _0\"></span>Y 2023, and als<span class=\"_ _0\"></span>o the rapi<span class=\"_ _0\"></span>d des<span class=\"_ _0\"></span>tocking by cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s as the<span class=\"_ _0\"></span>y managed their inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y and had ex<span class=\"_ _0\"></span>tend<span class=\"_ _0\"></span>ed shutdow<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>his level of d<span class=\"_ _0\"></span>emand is not in<span class=\"_ _0\"></span>consiste<span class=\"_ _0\"></span>nt with that s<span class=\"_ _0\"></span>een dur<span class=\"_ _0\"></span>ing C<span class=\"_ _1\"></span>OV<span class=\"_ _0\"></span>ID<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9 wi<span class=\"_ _0\"></span>th Q2 and Q4 for 2020 at similar leve<span class=\"_ _0\"></span>ls and Q3 lower due to g<span class=\"_ _0\"></span>lobal l<span class=\"_ _0\"></span>ockdowns<span class=\"_ _0\"></span>. Oth<span class=\"_ _0\"></span>er than in the cu<span class=\"_ _0\"></span>rrent econ<span class=\"_ _0\"></span>omic c<span class=\"_ _0\"></span>ycle an<span class=\"_ _0\"></span>d during COVID<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9 d<span class=\"_ _0\"></span>emand has not b<span class=\"_ _0\"></span>een at this l<span class=\"_ _0\"></span>evel durin<span class=\"_ _0\"></span>g the pas<span class=\"_ _0\"></span>t dec<span class=\"_ _0\"></span>ade. Wi<span class=\"_ _0\"></span>th custom<span class=\"_ _0\"></span>ers n<span class=\"_ _0\"></span>ow largel<span class=\"_ _0\"></span>y des<span class=\"_ _0\"></span>tocked the Bo<span class=\"_ _0\"></span>ard beli<span class=\"_ _0\"></span>eves the l<span class=\"_ _0\"></span>ow point of t<span class=\"_ _0\"></span>he econo<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>ycle has be<span class=\"_ _0\"></span>en reach<span class=\"_ _0\"></span>ed and, wh<span class=\"_ _0\"></span>ilst the<span class=\"_ _0\"></span>re are limited si<span class=\"_ _0\"></span>gns of a return to grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h, demand has s<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>ilised. A<span class=\"_ _0\"></span>s a re<span class=\"_ _0\"></span>sult the key dow<span class=\"_ _0\"></span>nside ris<span class=\"_ _0\"></span>k is that of an e<span class=\"_ _0\"></span>xten<span class=\"_ _0\"></span>ded pe<span class=\"_ _0\"></span>riod of sub<span class=\"_ _0\"></span>dued d<span class=\"_ _0\"></span>emand. T<span class=\"_ _0\"></span>he current d<span class=\"_ _0\"></span>ownturn ha<span class=\"_ _0\"></span>s been r<span class=\"_ _0\"></span>unning for 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs, alread<span class=\"_ _0\"></span>y long<span class=\"_ _0\"></span>er than the pr<span class=\"_ _0\"></span>evious dow<span class=\"_ _0\"></span>nturns during COVI<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>19 and the financ<span class=\"_ _0\"></span>ial crisis, b<span class=\"_ _0\"></span>ut with n<span class=\"_ _0\"></span>o clear sign<span class=\"_ _0\"></span>s of recover<span class=\"_ _0\"></span>y, the Board has co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d the impa<span class=\"_ _0\"></span>ct of re<span class=\"_ _0\"></span>duced deman<span class=\"_ _0\"></span>d, in line wit<span class=\"_ _0\"></span>h the lowe<span class=\"_ _0\"></span>st quar<span class=\"_ _0\"></span>ter of th<span class=\"_ _0\"></span>e previo<span class=\"_ _0\"></span>us year<span class=\"_ _1\"></span>, Q3, for a furt<span class=\"_ _0\"></span>her 6 month<span class=\"_ _0\"></span>s (scenari<span class=\"_ _0\"></span>o 1<span class=\"_ _2\"></span>) an<span class=\"_ _0\"></span>d a furt<span class=\"_ _0\"></span>her 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs (scenari<span class=\"_ _0\"></span>o 2)<span class=\"_ _1\"></span>. A<span class=\"_ _0\"></span>s noted ab<span class=\"_ _0\"></span>ove, the lowe<span class=\"_ _0\"></span>r cash bala<span class=\"_ _0\"></span>nce at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023 is, apar<span class=\"_ _0\"></span>t from lo<span class=\"_ _0\"></span>wer sal<span class=\"_ _0\"></span>es volum<span class=\"_ _0\"></span>es, at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able to an i<span class=\"_ _0\"></span>ncrease i<span class=\"_ _0\"></span>n the level of inventor<span class=\"_ _0\"></span>y hel<span class=\"_ _0\"></span>d. C<span class=\"_ _1\"></span>urre<span class=\"_ _0\"></span>nt foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s assume a g<span class=\"_ _0\"></span>radual redu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on in inventor<span class=\"_ _0\"></span>y acro<span class=\"_ _0\"></span>ss F<span class=\"_ _0\"></span>Y 2024 and F<span class=\"_ _0\"></span>Y 202<span class=\"_ _1\"></span>5 wi<span class=\"_ _0\"></span>th inventor<span class=\"_ _0\"></span>y provi<span class=\"_ _0\"></span>ding the opp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tunit<span class=\"_ _0\"></span>y to benef<span class=\"_ _0\"></span>it from market re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he scenari<span class=\"_ _0\"></span>os mo<span class=\"_ _0\"></span>delle<span class=\"_ _0\"></span>d assume t<span class=\"_ _0\"></span>hat a more ag<span class=\"_ _0\"></span>gressi<span class=\"_ _0\"></span>ve inventor<span class=\"_ _0\"></span>y unwind a<span class=\"_ _0\"></span>pproa<span class=\"_ _0\"></span>ch is taken to<span class=\"_ gs1\"> </span>mitiga<span class=\"_ _0\"></span>te the ongo<span class=\"_ _0\"></span>ing lower c<span class=\"_ _0\"></span>ash ge<span class=\"_ _0\"></span>neratio<span class=\"_ _0\"></span>n from subdu<span class=\"_ _0\"></span>ed volum<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>Scenario 1<span class=\"fc2 ls6 ws0\"> <span class=\"ff28 fc3\">\u2013 the glo<span class=\"_ _0\"></span>bal econ<span class=\"_ _0\"></span>omy remains sub<span class=\"_ _0\"></span>dued thro<span class=\"_ _0\"></span>ugh the fir<span class=\"_ _0\"></span>st hal<span class=\"_ _0\"></span>f of F<span class=\"_ _0\"></span>Y 202<span class=\"_ _1\"></span>4 wit<span class=\"_ _0\"></span>h demand in li<span class=\"_ _0\"></span>ne with t<span class=\"_ _0\"></span>he low po<span class=\"_ _0\"></span>int in F<span class=\"_ _0\"></span>Y 2023, </span></span>quar<span class=\"_ _0\"></span>ter 3, before a s<span class=\"_ _0\"></span>low recove<span class=\"_ _0\"></span>ry in t<span class=\"_ _0\"></span>he seco<span class=\"_ _0\"></span>nd half of F<span class=\"_ _0\"></span>Y 2024. The de<span class=\"_ _0\"></span>mand then i<span class=\"_ _0\"></span>ncrease<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>estl<span class=\"_ _0\"></span>y through th<span class=\"_ _0\"></span>e secon<span class=\"_ _0\"></span>d half to c.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>,9<span class=\"_ _0\"></span>00 tonnes b<span class=\"_ _0\"></span>efore fur<span class=\"_ _0\"></span>ther m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>st grow<span class=\"_ _0\"></span>th for t<span class=\"_ _0\"></span>he remaind<span class=\"_ _0\"></span>er of the g<span class=\"_ _0\"></span>oing concer<span class=\"_ _0\"></span>n peri<span class=\"_ _0\"></span>od. Me<span class=\"_ _0\"></span>dical re<span class=\"_ _0\"></span>venue remains in l<span class=\"_ _0\"></span>ine with t<span class=\"_ _0\"></span>hat seen d<span class=\"_ _0\"></span>uring the pa<span class=\"_ _0\"></span>st 1<span class=\"_ _1\"></span>2 month<span class=\"_ _0\"></span>s\u2019 run rate, with th<span class=\"_ _0\"></span>e econo<span class=\"_ _0\"></span>mic situati<span class=\"_ _0\"></span>on histor<span class=\"_ _0\"></span>icall<span class=\"_ _0\"></span>y having minimal im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on this s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>, in line with t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>erie<span class=\"_ _0\"></span>nce of the pa<span class=\"_ _0\"></span>st 1<span class=\"_ _1\"></span>2 month<span class=\"_ _0\"></span>s. Inventor<span class=\"_ _0\"></span>y is re<span class=\"_ _0\"></span>duced in line w<span class=\"_ _0\"></span>ith sa<span class=\"_ _0\"></span>les. Scenario 2<span class=\"ff28 ls6 ws0\"> \u2013 in line with s<span class=\"_ _0\"></span>cenario 1 t<span class=\"_ _0\"></span>hrough the f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t half of F<span class=\"_ _0\"></span>Y 202<span class=\"_ _1\"></span>4, w<span class=\"_ _0\"></span>ith this lo<span class=\"_ _0\"></span>wer dema<span class=\"_ _0\"></span>nd continuing for a fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er 1<span class=\"_ _1\"></span>2 months, i.e. </span>through<span class=\"_ _0\"></span>out the g<span class=\"_ _0\"></span>oing conce<span class=\"_ _0\"></span>rn peri<span class=\"_ _0\"></span>od, tak<span class=\"_ _0\"></span>ing the tot<span class=\"_ _0\"></span>al peri<span class=\"_ _0\"></span>od of lowe<span class=\"_ _0\"></span>r demand to in e<span class=\"_ _0\"></span>xcess of 24 months<span class=\"_ _0\"></span>, well above t<span class=\"_ _0\"></span>he duratio<span class=\"_ _0\"></span>n of any previ<span class=\"_ _0\"></span>ous dow<span class=\"_ _0\"></span>nturn ex<span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>enced by the Comp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>. This w<span class=\"_ _0\"></span>ould give an a<span class=\"_ _0\"></span>nnual volume b<span class=\"_ _0\"></span>elow c.3,3<span class=\"_ _0\"></span>00 ton<span class=\"_ _0\"></span>nes, a le<span class=\"_ _0\"></span>vel not se<span class=\"_ _0\"></span>en since 201<span class=\"_ _2\"></span>3. In this sce<span class=\"_ _0\"></span>nario M<span class=\"_ _0\"></span>edica<span class=\"_ _0\"></span>l revenue is re<span class=\"_ _0\"></span>duced by 10% during the se<span class=\"_ _0\"></span>cond six m<span class=\"_ _0\"></span>onths to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t a limited imp<span class=\"_ _0\"></span>act f<span class=\"_ _0\"></span>rom a long<span class=\"_ _0\"></span>er last<span class=\"_ _0\"></span>ing slowdo<span class=\"_ _0\"></span>wn. Wit<span class=\"_ _0\"></span>h the per<span class=\"_ _0\"></span>iod of pro<span class=\"_ _0\"></span>longe<span class=\"_ _0\"></span>d lower d<span class=\"_ _0\"></span>emand, a mo<span class=\"_ _0\"></span>re aggre<span class=\"_ _0\"></span>ssive unw<span class=\"_ _0\"></span>ind of the inventor<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>alance has be<span class=\"_ _0\"></span>en as<span class=\"_ _0\"></span>sumed. I<span class=\"_ _0\"></span>nventor<span class=\"_ _0\"></span>y is reduce<span class=\"_ _0\"></span>d in<span class=\"_ gs1\"> </span>line wi<span class=\"_ _0\"></span>th sal<span class=\"_ _0\"></span>es. Th<span class=\"_ _0\"></span>e Group consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s scenari<span class=\"_ _0\"></span>o 2 to be a severe b<span class=\"_ _0\"></span>ut plausib<span class=\"_ _0\"></span>le scenar<span class=\"_ _0\"></span>io.<span class=\"_ _2cb\"> </span>Commercial s<span class=\"_ _0\"></span>ales fro<span class=\"_ _0\"></span>m the new P<span class=\"_ _0\"></span>EEK manufac<span class=\"_ _0\"></span>turing facilit<span class=\"_ _0\"></span>y in China are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted in ea<span class=\"_ _0\"></span>rly 2024, a conseque<span class=\"_ _0\"></span>nce of which i<span class=\"_ _0\"></span>s that the enti<span class=\"_ _0\"></span>ty will re<span class=\"_ _0\"></span>quire addit<span class=\"_ _0\"></span>ional fund<span class=\"_ _0\"></span>ing to see it t<span class=\"_ _0\"></span>hrough to net c<span class=\"_ _0\"></span>ash gen<span class=\"_ _0\"></span>eration. I<span class=\"_ _0\"></span>n concludin<span class=\"_ _0\"></span>g on the go<span class=\"_ _0\"></span>ing concer<span class=\"_ _0\"></span>n posit<span class=\"_ _0\"></span>ion, it has b<span class=\"_ _0\"></span>een as<span class=\"_ _0\"></span>sumed that V<span class=\"_ _0\"></span>ict<span class=\"_ _0\"></span>rex will pro<span class=\"_ _0\"></span>vide th<span class=\"_ _0\"></span>e addit<span class=\"_ _0\"></span>ional funds in f<span class=\"_ _0\"></span>ull, which th<span class=\"_ _0\"></span>e Board consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s to be the wo<span class=\"_ _0\"></span>rst c<span class=\"_ _0\"></span>ase s<span class=\"_ _0\"></span>cenario.<span class=\"_ _2cb\"> </span>Before any mi<span class=\"_ _0\"></span>tigating a<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons the s<span class=\"_ _0\"></span>ensitis<span class=\"_ _0\"></span>ed cash f<span class=\"_ _0\"></span>lows s<span class=\"_ _0\"></span>how the Company has s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>antly red<span class=\"_ _0\"></span>uced cas<span class=\"_ _0\"></span>h headro<span class=\"_ _0\"></span>om, which w<span class=\"_ _0\"></span>ould requi<span class=\"_ _0\"></span>re use of th<span class=\"_ _0\"></span>e commit<span class=\"_ _0\"></span>ted facilit<span class=\"_ _0\"></span>y durin<span class=\"_ _0\"></span>g the goin<span class=\"_ _0\"></span>g concern p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d. The le<span class=\"_ _0\"></span>vel of facilit<span class=\"_ _0\"></span>y drawn d<span class=\"_ _0\"></span>own is hig<span class=\"_ _0\"></span>her in Scen<span class=\"_ _0\"></span>ario 2 but in n<span class=\"_ _0\"></span>either scenar<span class=\"_ _0\"></span>io is the com<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>d facilit<span class=\"_ _0\"></span>y fully draw<span class=\"_ _0\"></span>n, nor drawn fo<span class=\"_ _0\"></span>r the who<span class=\"_ _0\"></span>le year<span class=\"_ _1\"></span>. W<span class=\"_ _0\"></span>ith ca<span class=\"_ _0\"></span>sh levels l<span class=\"_ _0\"></span>ower than has his<span class=\"_ _0\"></span>toric<span class=\"_ _0\"></span>ally be<span class=\"_ _0\"></span>en the c<span class=\"_ _0\"></span>ase for Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x, the Compa<span class=\"_ _0\"></span>ny has identif<span class=\"_ _0\"></span>ied a numb<span class=\"_ _0\"></span>er of miti<span class=\"_ _0\"></span>gating ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s which are rea<span class=\"_ _0\"></span>dily availa<span class=\"_ _0\"></span>ble to increa<span class=\"_ _0\"></span>se the he<span class=\"_ _0\"></span>adroom<span class=\"_ _0\"></span>. Thes<span class=\"_ _0\"></span>e includ<span class=\"_ _0\"></span>e:  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>use of com<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>d facilit<span class=\"_ _0\"></span>y \u2013 \u00a340m co<span class=\"_ _0\"></span>uld be draw<span class=\"_ _0\"></span>n at shor<span class=\"_ _0\"></span>t noti<span class=\"_ _0\"></span>ce. C<span class=\"_ _1\"></span>onver<span class=\"_ _0\"></span>sati<span class=\"_ _0\"></span>ons wit<span class=\"_ _0\"></span>h our bankin<span class=\"_ _0\"></span>g par<span class=\"_ _0\"></span>tner<span class=\"_ _0\"></span>s indicate t<span class=\"_ _0\"></span>hat the \u00a320<span class=\"_ _0\"></span>m uncommit<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> accordio<span class=\"_ _0\"></span>n could als<span class=\"_ _0\"></span>o be readil<span class=\"_ _0\"></span>y access<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>he covenant<span class=\"_ _0\"></span>s of the facilit<span class=\"_ _0\"></span>y have be<span class=\"_ _0\"></span>en succes<span class=\"_ _0\"></span>sfully te<span class=\"_ _0\"></span>sted un<span class=\"_ _0\"></span>der each o<span class=\"_ _0\"></span>f the<span class=\"_ gs1\"> </span>scenar<span class=\"_ _0\"></span>ios; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>defer<span class=\"_ _0\"></span>ral of capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pendi<span class=\"_ _0\"></span>ture \u2013 the bas<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>e capit<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tment over t<span class=\"_ _0\"></span>he nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs is lower tha<span class=\"_ _0\"></span>n recent year<span class=\"_ _0\"></span>s at approx<span class=\"_ _0\"></span>imately \u00a330<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>\u00a335m with ma<span class=\"_ _0\"></span>jor proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts comp<span class=\"_ _0\"></span>leted in China and th<span class=\"_ _0\"></span>e UK. T<span class=\"_ _0\"></span>his could b<span class=\"_ _0\"></span>e reduced s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>antly by limit<span class=\"_ _0\"></span>ing exp<span class=\"_ _0\"></span>enditure to e<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ntial proje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s, d<span class=\"_ _0\"></span>eferring all ot<span class=\"_ _0\"></span>her proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts later<span class=\"_ gs1\"> </span>into 2025 or bey<span class=\"_ _0\"></span>ond; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>reduc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in discre<span class=\"_ _0\"></span>tionar<span class=\"_ _0\"></span>y over<span class=\"_ _0\"></span>heads \u2013 cos<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>ould be lim<span class=\"_ _0\"></span>ited to prio<span class=\"_ _0\"></span>ritise a<span class=\"_ _0\"></span>nd suppo<span class=\"_ _0\"></span>rt cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r related ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y;  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>reduc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in inventor<span class=\"_ _0\"></span>y level<span class=\"_ _0\"></span>s \u2013 inventor<span class=\"_ _0\"></span>y has be<span class=\"_ _0\"></span>en increas<span class=\"_ _0\"></span>ed to provi<span class=\"_ _0\"></span>de addi<span class=\"_ _0\"></span>tional s<span class=\"_ _0\"></span>ecurit<span class=\"_ _0\"></span>y dur<span class=\"_ _0\"></span>ing plant shutd<span class=\"_ _0\"></span>owns and to prov<span class=\"_ _0\"></span>ide suf<span class=\"_ _0\"></span>ficient inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y to respo<span class=\"_ _0\"></span>nd to a rapid eco<span class=\"_ _0\"></span>nomic re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he scenar<span class=\"_ _0\"></span>ios noted a<span class=\"_ _0\"></span>bove inclu<span class=\"_ _0\"></span>de an accel<span class=\"_ _0\"></span>eration of t<span class=\"_ _0\"></span>he inventor<span class=\"_ _0\"></span>y unwind but a mo<span class=\"_ _0\"></span>re aggres<span class=\"_ _0\"></span>sive ap<span class=\"_ _0\"></span>proach co<span class=\"_ _0\"></span>uld be ta<span class=\"_ _0\"></span>ken to provide a<span class=\"_ _0\"></span>dditio<span class=\"_ _0\"></span>nal cash re<span class=\"_ _0\"></span>sources; an<span class=\"_ _0\"></span>d <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>defer<span class=\"_ _0\"></span>ral/c<span class=\"_ _0\"></span>ancellati<span class=\"_ _0\"></span>on of divi<span class=\"_ _0\"></span>dends \u2013 th<span class=\"_ _0\"></span>e Board co<span class=\"_ _0\"></span>nsider<span class=\"_ _0\"></span>s the ca<span class=\"_ _0\"></span>sh posit<span class=\"_ _0\"></span>ion and inter<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>s of all st<span class=\"_ _0\"></span>akehold<span class=\"_ _0\"></span>ers b<span class=\"_ _0\"></span>efore recom<span class=\"_ _0\"></span>mending paym<span class=\"_ _0\"></span>ent of a divi<span class=\"_ _0\"></span>dend. A di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nd has be<span class=\"_ _0\"></span>en prop<span class=\"_ _0\"></span>osed for p<span class=\"_ _0\"></span>ayment in F<span class=\"_ _0\"></span>ebruar<span class=\"_ _0\"></span>y 2024 of c.\u00a340<span class=\"_ _0\"></span>m and in the pa<span class=\"_ _0\"></span>st an interim d<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>end of c.\u00a31<span class=\"_ _2\"></span>2m has bee<span class=\"_ _0\"></span>n paid in Jun<span class=\"_ _0\"></span>e, giving a com<span class=\"_ _0\"></span>bined annua<span class=\"_ _0\"></span>l outf<span class=\"_ _0\"></span>low of c.\u00a352m. Rever<span class=\"_ _0\"></span>se s<span class=\"_ _0\"></span>tress te<span class=\"_ _0\"></span>sting wa<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>forme<span class=\"_ _0\"></span>d to identi<span class=\"_ _0\"></span>fy th<span class=\"_ _0\"></span>e level that s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s would ne<span class=\"_ _0\"></span>ed to drop by in or<span class=\"_ _0\"></span>der for the G<span class=\"_ _0\"></span>roup to run out of c<span class=\"_ _0\"></span>ash by the end of th<span class=\"_ _0\"></span>e going con<span class=\"_ _0\"></span>cern ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent per<span class=\"_ _0\"></span>iod. S<span class=\"_ _0\"></span>ales volu<span class=\"_ _0\"></span>mes woul<span class=\"_ _0\"></span>d need to co<span class=\"_ _0\"></span>nsistentl<span class=\"_ _0\"></span>y drop mater<span class=\"_ _0\"></span>ially be<span class=\"_ _0\"></span>low the lo<span class=\"_ _0\"></span>w point in sce<span class=\"_ _0\"></span>nario 2, which is not considered plausibl<span class=\"_ _0\"></span>e.<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s a result of thi<span class=\"_ _0\"></span>s detai<span class=\"_ _0\"></span>led as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ment and w<span class=\"_ _0\"></span>ith reference to t<span class=\"_ _0\"></span>he Company\u2019s stro<span class=\"_ _0\"></span>ng balance sh<span class=\"_ _0\"></span>eet, e<span class=\"_ _0\"></span>xisti<span class=\"_ _0\"></span>ng commit<span class=\"_ _0\"></span>ted facilit<span class=\"_ _0\"></span>ies and th<span class=\"_ _0\"></span>e cash pres<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ving leve<span class=\"_ _0\"></span>rs at th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany\u2019s dispo<span class=\"_ _0\"></span>sal, but a<span class=\"_ _0\"></span>lso ackn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dging the cu<span class=\"_ _0\"></span>rrent econ<span class=\"_ _0\"></span>omic unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y with a numb<span class=\"_ _0\"></span>er of glo<span class=\"_ _0\"></span>bal econ<span class=\"_ _0\"></span>omies clos<span class=\"_ _0\"></span>e to/<span class=\"_ _0\"></span>in rece<span class=\"_ _0\"></span>ssio<span class=\"_ _0\"></span>n, the war in Uk<span class=\"_ _0\"></span>raine continuing an<span class=\"_ _0\"></span>d tensions in t<span class=\"_ _0\"></span>he Midd<span class=\"_ _0\"></span>le Eas<span class=\"_ _0\"></span>t, the Bo<span class=\"_ _0\"></span>ard has conclu<span class=\"_ _0\"></span>ded that t<span class=\"_ _0\"></span>he Company has suf<span class=\"_ _0\"></span>ficient li<span class=\"_ _0\"></span>quidit<span class=\"_ _0\"></span>y to mee<span class=\"_ _0\"></span>t its o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons whe<span class=\"_ _0\"></span>n they fall due for a p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of at leas<span class=\"_ _0\"></span>t 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths af<span class=\"_ _0\"></span>ter the date o<span class=\"_ _0\"></span>f this repo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>. For this re<span class=\"_ _0\"></span>ason, they cont<span class=\"_ _0\"></span>inue to ado<span class=\"_ _0\"></span>pt the go<span class=\"_ _0\"></span>ing concern b<span class=\"_ _0\"></span>asis for prep<span class=\"_ _0\"></span>aring the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-569": {
   "value": "Crit<span class=\"_ _0\"></span>ical ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and key so<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y The p<span class=\"_ _0\"></span>reparati<span class=\"_ _0\"></span>on of the fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s in conform<span class=\"_ _0\"></span>ity w<span class=\"_ _0\"></span>ith UK-ad<span class=\"_ _0\"></span>opted interna<span class=\"_ _0\"></span>tional a<span class=\"_ _0\"></span>ccounting st<span class=\"_ _0\"></span>andards re<span class=\"_ _0\"></span>quires manag<span class=\"_ _0\"></span>ement to<span class=\"_ _0\"></span> make judge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s, est<span class=\"_ _0\"></span>imates and as<span class=\"_ _0\"></span>sumptio<span class=\"_ _0\"></span>ns that af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the appl<span class=\"_ _0\"></span>icati<span class=\"_ _0\"></span>on of poli<span class=\"_ _0\"></span>cies and re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ted am<span class=\"_ _0\"></span>ounts of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s, income<span class=\"_ _0\"></span> and expenses.<span class=\"_ _2cb\"> </span>The e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s and assu<span class=\"_ _0\"></span>mptions a<span class=\"_ _0\"></span>re base<span class=\"_ _0\"></span>d on histor<span class=\"_ _0\"></span>ical ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ience and va<span class=\"_ _0\"></span>rious oth<span class=\"_ _0\"></span>er facto<span class=\"_ _0\"></span>rs that are b<span class=\"_ _0\"></span>elieve<span class=\"_ _0\"></span>d to be reas<span class=\"_ _0\"></span>onable un<span class=\"_ _0\"></span>der the<span class=\"_ _0\"></span> circums<span class=\"_ _0\"></span>tances<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se es<span class=\"_ _0\"></span>timates and a<span class=\"_ _0\"></span>ssumpti<span class=\"_ _0\"></span>ons form th<span class=\"_ _0\"></span>e basis for mak<span class=\"_ _0\"></span>ing judge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s about t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing values of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s that are<span class=\"_ _0\"></span> not read<span class=\"_ _0\"></span>ily appa<span class=\"_ _0\"></span>rent from othe<span class=\"_ _0\"></span>r sources<span class=\"_ _0\"></span>. Actua<span class=\"_ _0\"></span>l result<span class=\"_ _0\"></span>s may dif<span class=\"_ _0\"></span>fer from the<span class=\"_ _0\"></span>se es<span class=\"_ _0\"></span>timates<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>The e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s and und<span class=\"_ _0\"></span>erlyin<span class=\"_ _0\"></span>g assumpt<span class=\"_ _0\"></span>ions are rev<span class=\"_ _0\"></span>iewed o<span class=\"_ _0\"></span>n an ongo<span class=\"_ _0\"></span>ing basis inc<span class=\"_ _0\"></span>luding formal co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _0\"></span>ion by the Au<span class=\"_ _0\"></span>dit Committe<span class=\"_ _0\"></span>e. Revisi<span class=\"_ _0\"></span>ons to accounting e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s are recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e peri<span class=\"_ _0\"></span>od in whic<span class=\"_ _0\"></span>h the es<span class=\"_ _0\"></span>timate is revi<span class=\"_ _0\"></span>sed if th<span class=\"_ _0\"></span>e revisio<span class=\"_ _0\"></span>n affe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s only t<span class=\"_ _0\"></span>hat peri<span class=\"_ _0\"></span>od, or in the p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of revisi<span class=\"_ _0\"></span>on and future p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>ds if the re<span class=\"_ _0\"></span>vision af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s both cur<span class=\"_ _0\"></span>rent and future p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Judgem<span class=\"_ _0\"></span>ents made in applying account<span class=\"_ _1\"></span>ing policies<span class=\"_ _2cb\"> </span>Ot<span class=\"_ _0\"></span>her than jud<span class=\"_ _0\"></span>gement<span class=\"_ _0\"></span>s invol<span class=\"_ _0\"></span>ving the us<span class=\"_ _0\"></span>e of est<span class=\"_ _0\"></span>imates, th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tors d<span class=\"_ _0\"></span>o not consid<span class=\"_ _0\"></span>er there a<span class=\"_ _0\"></span>re any judgem<span class=\"_ _0\"></span>ents m<span class=\"_ _0\"></span>ade in ap<span class=\"_ _0\"></span>plying t<span class=\"_ _0\"></span>he Group\u2019s signif<span class=\"_ _0\"></span>icant account<span class=\"_ _0\"></span>ing polic<span class=\"_ _0\"></span>ies whi<span class=\"_ _0\"></span>ch would have a mate<span class=\"_ _0\"></span>rial impa<span class=\"_ _0\"></span>ct on t<span class=\"_ _0\"></span>he amount<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the financi<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s within t<span class=\"_ _0\"></span>he nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 months<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Source<span class=\"_ _0\"></span>s of estimation un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup use<span class=\"_ _0\"></span>s estima<span class=\"_ _0\"></span>tes and as<span class=\"_ _0\"></span>sumption<span class=\"_ _0\"></span>s in apply<span class=\"_ _0\"></span>ing the cri<span class=\"_ _0\"></span>tical a<span class=\"_ _0\"></span>ccounting po<span class=\"_ _0\"></span>licies to valu<span class=\"_ _0\"></span>e balance<span class=\"_ _0\"></span>s and trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions reco<span class=\"_ _0\"></span>rded in th<span class=\"_ _0\"></span>e financial<span class=\"_ _0\"></span> st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imates and as<span class=\"_ _0\"></span>sumptio<span class=\"_ _0\"></span>ns that, if re<span class=\"_ _0\"></span>vised, w<span class=\"_ _0\"></span>ould have a signi<span class=\"_ _0\"></span>ficant r<span class=\"_ _0\"></span>isk of a material im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on the valu<span class=\"_ _0\"></span>ation of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span> with<span class=\"_ _0\"></span>in the nex<span class=\"_ _0\"></span>t finan<span class=\"_ _0\"></span>cial year<span class=\"_ _1\"></span>, and t<span class=\"_ _0\"></span>herefore cla<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed as crit<span class=\"_ _0\"></span>ical, are ret<span class=\"_ _0\"></span>irement b<span class=\"_ _0\"></span>enefit<span class=\"_ _0\"></span>s (se<span class=\"_ _0\"></span>e note 1<span class=\"_ _1\"></span>7), the valuat<span class=\"_ _0\"></span>ion of inventor<span class=\"_ _0\"></span>y (s<span class=\"_ _0\"></span>ee note 1<span class=\"_ _1\"></span>3) and<span class=\"_ _0\"></span> the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of the inves<span class=\"_ _0\"></span>tment in as<span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ate and fair value of conve<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ible lo<span class=\"_ _0\"></span>an notes (s<span class=\"_ _0\"></span>ee note 1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>) hel<span class=\"_ _0\"></span>d in Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce T<span class=\"_ _1\"></span>echn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y BV (\u2018Bon<span class=\"_ _0\"></span>d\u2019). Th<span class=\"_ _0\"></span>e latter t<span class=\"_ _0\"></span>wo we<span class=\"_ _0\"></span>re disclo<span class=\"_ _0\"></span>sed as \u2018other are<span class=\"_ _0\"></span>as of judge<span class=\"_ _0\"></span>ment and s<span class=\"_ _0\"></span>ources of es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>on uncer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019 in the F<span class=\"_ _0\"></span>Y 2022 Annual Re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t. At<span class=\"_ _0\"></span> 31 March 2023 the Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s reass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed this re<span class=\"_ _0\"></span>sulting in the re<span class=\"_ _0\"></span>class<span class=\"_ _0\"></span>ificat<span class=\"_ _0\"></span>ion to \u2018critica<span class=\"_ _0\"></span>l judgem<span class=\"_ _0\"></span>ents a<span class=\"_ _0\"></span>nd key sources of es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>on uncer<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nty<span class=\"_ _0\"></span>\u2019<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>his conclusi<span class=\"_ _0\"></span>on was rea<span class=\"_ _0\"></span>ched in the k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dge tha<span class=\"_ _0\"></span>t furt<span class=\"_ _0\"></span>her inves<span class=\"_ _0\"></span>tment was re<span class=\"_ _0\"></span>quired to sup<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t Bond t<span class=\"_ _0\"></span>hrough to net c<span class=\"_ _0\"></span>ash gen<span class=\"_ _0\"></span>eration, t<span class=\"_ _0\"></span>he econo<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span> environm<span class=\"_ _0\"></span>ent had tig<span class=\"_ _0\"></span>htened the f<span class=\"_ _0\"></span>inancing mar<span class=\"_ _0\"></span>k<span class=\"_ _1\"></span>et fo<span class=\"_ _0\"></span>r early s<span class=\"_ _0\"></span>tage b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>ses, t<span class=\"_ _0\"></span>here were d<span class=\"_ _0\"></span>elays to the d<span class=\"_ _0\"></span>eliver<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he key miles<span class=\"_ _0\"></span>tones and cu<span class=\"_ _0\"></span>rrent<span class=\"_ _0\"></span> funding wa<span class=\"_ _0\"></span>s only suf<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>ent to sust<span class=\"_ _0\"></span>ain Bond thro<span class=\"_ _0\"></span>ugh to mid<span class=\"_ _0\"></span>-F<span class=\"_ _0\"></span>Y 2024. Th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tors t<span class=\"_ _0\"></span>herefore con<span class=\"_ _0\"></span>cluded t<span class=\"_ _0\"></span>here was an in<span class=\"_ _0\"></span>crease<span class=\"_ _0\"></span>d risk of a mater<span class=\"_ _0\"></span>ial change to t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing values of b<span class=\"_ _0\"></span>oth the inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt in asso<span class=\"_ _0\"></span>ciate and conve<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>ble loa<span class=\"_ _0\"></span>ns in the nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nths.<span class=\"_ _2cb\"> </span>The c<span class=\"_ _0\"></span>ritic<span class=\"_ _0\"></span>al judge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s and key sources of e<span class=\"_ _0\"></span>stimat<span class=\"_ _0\"></span>ion uncer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainty t<span class=\"_ _0\"></span>hat the Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s have consid<span class=\"_ _0\"></span>ered in th<span class=\"_ _0\"></span>e proces<span class=\"_ _0\"></span>s of appl<span class=\"_ _0\"></span>ying the G<span class=\"_ _0\"></span>roup\u2019s accounting p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s and that have th<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t signific<span class=\"_ _0\"></span>ant ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on the amo<span class=\"_ _0\"></span>unts re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s are inclu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin the<span class=\"_ _0\"></span> releva<span class=\"_ _0\"></span>nt notes. Critic<span class=\"_ _0\"></span>al judg<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>s and key source<span class=\"_ _0\"></span>s of estim<span class=\"_ _0\"></span>ation unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y can be i<span class=\"_ _0\"></span>dentifi<span class=\"_ _0\"></span>ed throu<span class=\"_ _0\"></span>ghout th<span class=\"_ _0\"></span>e notes by the fo<span class=\"_ _0\"></span>llowing s<span class=\"_ _0\"></span>ymb<span class=\"_ _0\"></span>ol <span class=\"_ _1b\"> </span><span class=\"ls6\">. </span>Manag<span class=\"_ _0\"></span>ement has d<span class=\"_ _0\"></span>iscuss<span class=\"_ _0\"></span>ed the<span class=\"_ _0\"></span>se wit<span class=\"_ _0\"></span>h the Audit Commit<span class=\"_ _0\"></span>tee. T<span class=\"_ _0\"></span>hese sh<span class=\"_ _0\"></span>ould be re<span class=\"_ _0\"></span>ad in conjunc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n with the s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant accounting p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> in the note<span class=\"_ _0\"></span>s to the financ<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>The co<span class=\"_ _0\"></span>nsiderat<span class=\"_ _0\"></span>ion of crit<span class=\"_ _0\"></span>ical jud<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nts and key so<span class=\"_ _0\"></span>urces of es<span class=\"_ _0\"></span>timatio<span class=\"_ _0\"></span>n uncer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y includ<span class=\"_ _0\"></span>es consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n of the potent<span class=\"_ _0\"></span>ial impac<span class=\"_ _0\"></span>t of climate<span class=\"_ _0\"></span> change o<span class=\"_ _0\"></span>n the financ<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e areas consi<span class=\"_ _0\"></span>dered an<span class=\"_ _0\"></span>d the conclus<span class=\"_ _0\"></span>ions mad<span class=\"_ _0\"></span>e can be i<span class=\"_ _0\"></span>dentifi<span class=\"_ _0\"></span>ed throug<span class=\"_ _0\"></span>hout the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents by th<span class=\"_ _0\"></span>e symbol <span class=\"_ _b4\"> </span><span class=\"ls1b ws0\">. No<span class=\"_ _0\"></span>ne of the area<span class=\"_ _0\"></span>s of estim<span class=\"_ _0\"></span>ation unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y conside<span class=\"_ _0\"></span>red had a signi<span class=\"_ _0\"></span>ficant r<span class=\"_ _0\"></span>isk of material a<span class=\"_ _0\"></span>djustm<span class=\"_ _0\"></span>ent in the ne<span class=\"_ _0\"></span>xt 12 months as a resul<span class=\"_ _0\"></span>t </span>of climate chang<span class=\"_ _0\"></span>e, althoug<span class=\"_ _0\"></span>h it is noted tha<span class=\"_ _0\"></span>t there could b<span class=\"_ _0\"></span>e a more si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant impac<span class=\"_ _0\"></span>t over th<span class=\"_ _0\"></span>e medium an<span class=\"_ _0\"></span>d longe<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>-ter<span class=\"_ _0\"></span>m time fram<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>O<span class=\"_ _0\"></span>ther a<span class=\"_ _0\"></span>reas o<span class=\"_ _0\"></span>f judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d sou<span class=\"_ _0\"></span>rces o<span class=\"_ _0\"></span>f es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span>The f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents inc<span class=\"_ _0\"></span>lude othe<span class=\"_ _0\"></span>r areas of judg<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span>d sources of e<span class=\"_ _0\"></span>stimat<span class=\"_ _0\"></span>ion uncer<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>inty w<span class=\"_ _0\"></span>hich do not m<span class=\"_ _0\"></span>eet th<span class=\"_ _0\"></span>e above d<span class=\"_ _0\"></span>efinitio<span class=\"_ _0\"></span>n of critic<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> eithe<span class=\"_ _0\"></span>r due to the l<span class=\"_ _0\"></span>evel of risk or t<span class=\"_ _0\"></span>he time fram<span class=\"_ _0\"></span>e of the pote<span class=\"_ _0\"></span>ntial impa<span class=\"_ _0\"></span>ct, h<span class=\"_ _0\"></span>owever ap<span class=\"_ _0\"></span>ply to the m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent of cer<span class=\"_ _0\"></span>tain mater<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>se includ<span class=\"_ _0\"></span>e the us<span class=\"_ _0\"></span>eful econo<span class=\"_ _0\"></span>mic live<span class=\"_ _0\"></span>s and resid<span class=\"_ _0\"></span>ual value of pro<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, plant and e<span class=\"_ _0\"></span>quipme<span class=\"_ _0\"></span>nt and the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on of deferr<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>xation b<span class=\"_ _0\"></span>alances for<span class=\"_ _0\"></span> which t<span class=\"_ _0\"></span>here is uncer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainty o<span class=\"_ _0\"></span>ver the lo<span class=\"_ _0\"></span>nger ter<span class=\"_ _0\"></span>m.  Crit<span class=\"_ _0\"></span>ical ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and key so<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y in re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n to the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value o<span class=\"_ _0\"></span>f inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent in a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>e in Bon<span class=\"_ _0\"></span>d and fa<span class=\"_ _0\"></span>ir value o<span class=\"_ _0\"></span>f conver<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ble lo<span class=\"_ _0\"></span>an not<span class=\"_ _0\"></span>es du<span class=\"_ _0\"></span>e from B<span class=\"_ _0\"></span>ond<span class=\"_ _2cb\"> </span>The c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying va<span class=\"_ _0\"></span>lue of inves<span class=\"_ _0\"></span>tment in as<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>te in Bond and t<span class=\"_ _0\"></span>he fair value of conve<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>ble loa<span class=\"_ _0\"></span>n notes due fro<span class=\"_ _0\"></span>m Bond (tog<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e \u2018<span class=\"_ _1\"></span>ass<span class=\"_ _0\"></span>ets in Bond<span class=\"_ _0\"></span>\u2019) both re<span class=\"_ _0\"></span>quire the us<span class=\"_ _0\"></span>e of judge<span class=\"_ _0\"></span>ment and e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s. Whil<span class=\"_ _0\"></span>e the basis o<span class=\"_ _0\"></span>f measurem<span class=\"_ _0\"></span>ent for each is d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt, as noted a<span class=\"_ _0\"></span>bove, given th<span class=\"_ _0\"></span>e relati<span class=\"_ _0\"></span>ve immaturit<span class=\"_ _0\"></span>y of Bo<span class=\"_ _0\"></span>nd, both as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment<span class=\"_ _0\"></span>s are dep<span class=\"_ _0\"></span>ende<span class=\"_ _0\"></span>nt on the de<span class=\"_ _0\"></span>liver<span class=\"_ _0\"></span>y of the co<span class=\"_ _0\"></span>mpany\u2019s strate<span class=\"_ _0\"></span>gy and th<span class=\"_ _0\"></span>e inherent unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aintie<span class=\"_ _0\"></span>s therein.<span class=\"_ _0\"></span> The c<span class=\"_ _0\"></span>leares<span class=\"_ _0\"></span>t evid<span class=\"_ _0\"></span>ence of car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying value of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets in B<span class=\"_ _0\"></span>ond would b<span class=\"_ _0\"></span>e an arm\u2019s lengt<span class=\"_ _0\"></span>h transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in the equ<span class=\"_ _0\"></span>ity of B<span class=\"_ _0\"></span>ond; however, due to the market con<span class=\"_ _0\"></span>ditions a<span class=\"_ _0\"></span>nd the Bon<span class=\"_ _0\"></span>d board<span class=\"_ _0\"></span>\u2019s decisio<span class=\"_ _0\"></span>n to obtain a<span class=\"_ _0\"></span>dditio<span class=\"_ _0\"></span>nal funding fro<span class=\"_ _0\"></span>m exis<span class=\"_ _0\"></span>ting shareh<span class=\"_ _0\"></span>older<span class=\"_ _0\"></span>s until th<span class=\"_ _0\"></span>e perceive<span class=\"_ _0\"></span>d risk in<span class=\"_ gs1\"> </span>the com<span class=\"_ _0\"></span>pany has reduce<span class=\"_ _0\"></span>d follow<span class=\"_ _0\"></span>ing deliv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>y of key milesto<span class=\"_ _0\"></span>nes, no su<span class=\"_ _0\"></span>ch evid<span class=\"_ _0\"></span>ence exis<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>In the a<span class=\"_ _0\"></span>bsence o<span class=\"_ _0\"></span>f this evid<span class=\"_ _0\"></span>ence and a la<span class=\"_ _0\"></span>ck of other ob<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e market input<span class=\"_ _0\"></span>s the as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment is ba<span class=\"_ _0\"></span>sed on t<span class=\"_ _0\"></span>he future fore<span class=\"_ _0\"></span>cast<span class=\"_ _0\"></span>s for the busine<span class=\"_ _0\"></span>ss wit<span class=\"_ _0\"></span>h the app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>on of a numbe<span class=\"_ _0\"></span>r of scenari<span class=\"_ _0\"></span>os to provid<span class=\"_ _0\"></span>e a range of p<span class=\"_ _0\"></span>otential outcom<span class=\"_ _0\"></span>es whi<span class=\"_ _0\"></span>ch are used to b<span class=\"_ _0\"></span>oth ass<span class=\"_ _0\"></span>ess for indic<span class=\"_ _0\"></span>ators of im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt of the ass<span class=\"_ _0\"></span>ociate an<span class=\"_ _0\"></span>d to determi<span class=\"_ _0\"></span>ne the rang<span class=\"_ _0\"></span>e of fair values for t<span class=\"_ _0\"></span>he conver<span class=\"_ _0\"></span>tible l<span class=\"_ _0\"></span>oan note<span class=\"_ _0\"></span>s. In maki<span class=\"_ _0\"></span>ng this ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent the st<span class=\"_ _0\"></span>atus of eac<span class=\"_ _0\"></span>h of the key miles<span class=\"_ _0\"></span>tones id<span class=\"_ _0\"></span>entifi<span class=\"_ _0\"></span>ed as dri<span class=\"_ _0\"></span>ving the bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s valuation ha<span class=\"_ _0\"></span>s been co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>ssumpti<span class=\"_ _0\"></span>ons on the discou<span class=\"_ _0\"></span>nt rate have also be<span class=\"_ _0\"></span>en consid<span class=\"_ _0\"></span>ered in d<span class=\"_ _0\"></span>etermining t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss valuati<span class=\"_ _0\"></span>on range.<span class=\"_ _2cb\"> </span>The d<span class=\"_ _0\"></span>eliver<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he strate<span class=\"_ _0\"></span>gy relie<span class=\"_ _0\"></span>s on key miles<span class=\"_ _0\"></span>tones b<span class=\"_ _0\"></span>eing met in t<span class=\"_ _0\"></span>he optimis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the techn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, regul<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>y approval b<span class=\"_ _0\"></span>eing obt<span class=\"_ _0\"></span>ained<span class=\"_ _0\"></span> from the r<span class=\"_ _0\"></span>elevant me<span class=\"_ _0\"></span>dical a<span class=\"_ _0\"></span>uthori<span class=\"_ _0\"></span>ty for t<span class=\"_ _0\"></span>he resultin<span class=\"_ _0\"></span>g produc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and succes<span class=\"_ _0\"></span>sful comm<span class=\"_ _0\"></span>ercialis<span class=\"_ _0\"></span>ation. T<span class=\"_ _0\"></span>he CL<span class=\"_ _0\"></span>A 2023 funding is suf<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>ent to fund the b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s through to mid<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 202<span class=\"_ _1\"></span>4 at w<span class=\"_ _0\"></span>hich po<span class=\"_ _0\"></span>int additi<span class=\"_ _0\"></span>onal funding i<span class=\"_ _0\"></span>s required to d<span class=\"_ _0\"></span>eliver th<span class=\"_ _0\"></span>e strateg<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Work o<span class=\"_ _0\"></span>n delive<span class=\"_ _0\"></span>ring the<span class=\"_ _0\"></span>se miles<span class=\"_ _0\"></span>tones w<span class=\"_ _0\"></span>as in progre<span class=\"_ _0\"></span>ss at the 3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber 2023, with t<span class=\"_ _0\"></span>he outcome n<span class=\"_ _0\"></span>ot neces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>ily bein<span class=\"_ _0\"></span>g clear until ea<span class=\"_ _0\"></span>rly in 2024, or later for the succes<span class=\"_ _0\"></span>sful comm<span class=\"_ _0\"></span>ercialisa<span class=\"_ _0\"></span>tion. T<span class=\"_ _0\"></span>he current fun<span class=\"_ _0\"></span>ding market for earl<span class=\"_ _0\"></span>y st<span class=\"_ _0\"></span>age techn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y compani<span class=\"_ _0\"></span>es remains d<span class=\"_ _0\"></span>iff<span class=\"_ _0\"></span>icult, and t<span class=\"_ _0\"></span>herefore as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sing the fair valu<span class=\"_ _0\"></span>e of Bond, al<span class=\"_ _0\"></span>ong with a<span class=\"_ _0\"></span>ny impac<span class=\"_ _0\"></span>t on the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying val<span class=\"_ _0\"></span>ue of Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x\u2019s investme<span class=\"_ _0\"></span>nt, require<span class=\"_ _0\"></span>s signifi<span class=\"_ _0\"></span>cant judg<span class=\"_ _0\"></span>ement and<span class=\"_ gs1\"> </span>e<span class=\"_ _0\"></span>stimat<span class=\"_ _0\"></span>ion. Using th<span class=\"_ _0\"></span>e Bond st<span class=\"_ _0\"></span>rategic pl<span class=\"_ _0\"></span>an and forec<span class=\"_ _0\"></span>ast, t<span class=\"_ _0\"></span>he boa<span class=\"_ _0\"></span>rd of Bond has d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>ped a busin<span class=\"_ _0\"></span>ess val<span class=\"_ _0\"></span>uation ba<span class=\"_ _0\"></span>sed on d<span class=\"_ _0\"></span>iscounting fu<span class=\"_ _0\"></span>ture cash flow<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e valuatio<span class=\"_ _0\"></span>n takes into account th<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s in the deli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>y of the pla<span class=\"_ _0\"></span>n and includ<span class=\"_ _0\"></span>es a numbe<span class=\"_ _0\"></span>r of unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vable inp<span class=\"_ _0\"></span>ut assum<span class=\"_ _0\"></span>ptions that market pa<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>cipant<span class=\"_ _0\"></span>s would us<span class=\"_ _0\"></span>e when valu<span class=\"_ _0\"></span>ing the busin<span class=\"_ _0\"></span>ess, in<span class=\"_ _0\"></span>cluding, for e<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>e, the total ad<span class=\"_ _0\"></span>dress<span class=\"_ _0\"></span>able ma<span class=\"_ _0\"></span>rket, level of ma<span class=\"_ _0\"></span>rket pen<span class=\"_ _0\"></span>etration a<span class=\"_ _0\"></span>chievab<span class=\"_ _0\"></span>le and indus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>th rate<span class=\"_ _0\"></span>s. Manag<span class=\"_ _0\"></span>ement has a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssed a ra<span class=\"_ _0\"></span>nge of po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e outcomes a<span class=\"_ _0\"></span>round the B<span class=\"_ _0\"></span>ond busine<span class=\"_ _0\"></span>ss valuat<span class=\"_ _0\"></span>ion by var<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g k<span class=\"_ _1\"></span>ey in<span class=\"_ _0\"></span>puts<span class=\"_ _0\"></span>, which w<span class=\"_ _0\"></span>ill have the large<span class=\"_ _0\"></span>st impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>n the valuati<span class=\"_ _0\"></span>on over the n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths, inclu<span class=\"_ _0\"></span>ding a delay to a<span class=\"_ _0\"></span>chievin<span class=\"_ _0\"></span>g the techn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y optimis<span class=\"_ _0\"></span>ation r<span class=\"_ _0\"></span>equired to make the pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts comm<span class=\"_ _0\"></span>ercially v<span class=\"_ _0\"></span>iable an<span class=\"_ _0\"></span>d a delay to obt<span class=\"_ _0\"></span>aining reg<span class=\"_ _0\"></span>ulator<span class=\"_ _0\"></span>y approv<span class=\"_ _0\"></span>al, a delay to the g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>th in sal<span class=\"_ _0\"></span>es forec<span class=\"_ _0\"></span>ast, a<span class=\"_ _0\"></span>n increas<span class=\"_ _0\"></span>e in the discou<span class=\"_ _0\"></span>nt rate applie<span class=\"_ _0\"></span>d and a reduc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in the as<span class=\"_ _0\"></span>sumed ter<span class=\"_ _0\"></span>minal grow<span class=\"_ _0\"></span>th rate. A<span class=\"_ gs1\"> </span>rang<span class=\"_ _0\"></span>e of potential o<span class=\"_ _0\"></span>utcomes is il<span class=\"_ _0\"></span>lustrated b<span class=\"_ _0\"></span>elow n<span class=\"_ _0\"></span>oting that addi<span class=\"_ _0\"></span>tional fund<span class=\"_ _0\"></span>ing is require<span class=\"_ _0\"></span>d by mid F<span class=\"_ _0\"></span>Y 2024 across all s<span class=\"_ _0\"></span>cenario<span class=\"_ _0\"></span>s: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Scenar<span class=\"_ _0\"></span>io 1 \u2013 The s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>y is deli<span class=\"_ _0\"></span>vered in full w<span class=\"_ _0\"></span>hich bas<span class=\"_ _0\"></span>ed on the s<span class=\"_ _0\"></span>trategi<span class=\"_ _0\"></span>c forecas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s would value t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss in exces<span class=\"_ _0\"></span>s of the cur<span class=\"_ _0\"></span>rent carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing value re<span class=\"_ _0\"></span>sulting in an inc<span class=\"_ _0\"></span>rease in th<span class=\"_ _0\"></span>e fair value of the co<span class=\"_ _0\"></span>nvert<span class=\"_ _0\"></span>ible lo<span class=\"_ _0\"></span>an notes. <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Scenar<span class=\"_ _0\"></span>io 2 \u2013 The s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>y is deli<span class=\"_ _0\"></span>vered, but w<span class=\"_ _0\"></span>ith a t<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>-year d<span class=\"_ _0\"></span>elay and the d<span class=\"_ _0\"></span>iscount rate inc<span class=\"_ _0\"></span>reased f<span class=\"_ _0\"></span>rom 1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>% to 14<span class=\"_ _2\"></span>%. T<span class=\"_ _0\"></span>his t<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>-year delay cove<span class=\"_ _0\"></span>rs mile<span class=\"_ _0\"></span>stone d<span class=\"_ _0\"></span>eliver<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>elays an<span class=\"_ _0\"></span>d sensiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y of the uno<span class=\"_ _0\"></span>bser<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble market inpu<span class=\"_ _0\"></span>ts note<span class=\"_ _0\"></span>d above. In t<span class=\"_ _0\"></span>his scenari<span class=\"_ _0\"></span>o the valuati<span class=\"_ _0\"></span>on is material<span class=\"_ _0\"></span>ly in line wi<span class=\"_ _0\"></span>th the curre<span class=\"_ _0\"></span>nt carr<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value of the a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in Bon<span class=\"_ _0\"></span>d. <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Scenar<span class=\"_ _0\"></span>io 3 \u2013 Bond i<span class=\"_ _0\"></span>s able to gain a<span class=\"_ _0\"></span>dditio<span class=\"_ _0\"></span>nal funding bu<span class=\"_ _0\"></span>t, due to de<span class=\"_ _0\"></span>lays in exe<span class=\"_ _0\"></span>cuting it<span class=\"_ _0\"></span>s st<span class=\"_ _0\"></span>rategy or ot<span class=\"_ _0\"></span>her fac<span class=\"_ _0\"></span>tors, t<span class=\"_ _0\"></span>he valuati<span class=\"_ _0\"></span>on of the company is su<span class=\"_ _0\"></span>ch that ex<span class=\"_ _0\"></span>isting sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>ers are s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>antly dilu<span class=\"_ _0\"></span>ted or ex<span class=\"_ _0\"></span>it at a los<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e protec<span class=\"_ _0\"></span>tions a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wit<span class=\"_ _0\"></span>h the conver<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le loan n<span class=\"_ _0\"></span>otes, whi<span class=\"_ _0\"></span>ch have preferen<span class=\"_ _0\"></span>ce on exit o<span class=\"_ _0\"></span>ver equit<span class=\"_ _0\"></span>y, mean that this ba<span class=\"_ _0\"></span>lance is recove<span class=\"_ _0\"></span>rable at c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e (\u00a39.<span class=\"_ _1\"></span>7m<span class=\"_ _1\"></span>) but an impair<span class=\"_ _0\"></span>ment of the inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent in asso<span class=\"_ _0\"></span>ciate of up to \u00a39.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m is re<span class=\"_ _0\"></span>quired. <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Scenar<span class=\"_ _0\"></span>io 4 \u2013 The te<span class=\"_ _0\"></span>chnol<span class=\"_ _0\"></span>ogy is sup<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>d and do<span class=\"_ _0\"></span>es not make it to market or fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er ex<span class=\"_ _0\"></span>ternal fund<span class=\"_ _0\"></span>ing cannot b<span class=\"_ _0\"></span>e obta<span class=\"_ _0\"></span>ined and th<span class=\"_ _0\"></span>e exis<span class=\"_ _0\"></span>ting share<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>ers de<span class=\"_ _0\"></span>cide n<span class=\"_ _0\"></span>ot to continue fundi<span class=\"_ _0\"></span>ng, which, w<span class=\"_ _0\"></span>ith minimal s<span class=\"_ _0\"></span>aleab<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, would resu<span class=\"_ _0\"></span>lt in the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in Bond hav<span class=\"_ _0\"></span>ing lit<span class=\"_ _0\"></span>tle or no va<span class=\"_ _0\"></span>lue, incurrin<span class=\"_ _0\"></span>g a write do<span class=\"_ _0\"></span>wn for the Compa<span class=\"_ _0\"></span>ny of up to \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>.8m, consi<span class=\"_ _0\"></span>dered t<span class=\"_ _0\"></span>he wor<span class=\"_ _0\"></span>st cas<span class=\"_ _0\"></span>e outcome. The a<span class=\"_ _0\"></span>nalysi<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>forme<span class=\"_ _0\"></span>d by the Bo<span class=\"_ _0\"></span>ard illustrate<span class=\"_ _0\"></span>s a wid<span class=\"_ _0\"></span>e range of pote<span class=\"_ _0\"></span>ntial outcom<span class=\"_ _0\"></span>es, whi<span class=\"_ _0\"></span>ch is not uncomm<span class=\"_ _0\"></span>on given t<span class=\"_ _0\"></span>he relati<span class=\"_ _0\"></span>ve immaturit<span class=\"_ _0\"></span>y of Bond a<span class=\"_ _0\"></span>nd its c<span class=\"_ _0\"></span>urrent st<span class=\"_ _0\"></span>age of d<span class=\"_ _0\"></span>evelop<span class=\"_ _0\"></span>ment. It i<span class=\"_ _0\"></span>s likely to be a long<span class=\"_ _0\"></span>er time p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, in the abs<span class=\"_ _0\"></span>ence of an ar<span class=\"_ _0\"></span>m\u2019<span class=\"_ _1\"></span>s len<span class=\"_ _0\"></span>gth equit<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion, before t<span class=\"_ _0\"></span>he range of o<span class=\"_ _0\"></span>utcomes c<span class=\"_ _0\"></span>an be redu<span class=\"_ _0\"></span>ced to such an ex<span class=\"_ _0\"></span>tent tha<span class=\"_ _0\"></span>t a fair value whi<span class=\"_ _0\"></span>ch is dif<span class=\"_ _0\"></span>ferent to the initi<span class=\"_ _0\"></span>al fair value can b<span class=\"_ _0\"></span>e est<span class=\"_ _0\"></span>ablish<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h a suff<span class=\"_ _0\"></span>icient de<span class=\"_ _0\"></span>gree of reli<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>herefore, cos<span class=\"_ _0\"></span>t is conside<span class=\"_ _0\"></span>red to be th<span class=\"_ _0\"></span>e bes<span class=\"_ _0\"></span>t estima<span class=\"_ _0\"></span>te of fair value, sit<span class=\"_ _0\"></span>ting wit<span class=\"_ _0\"></span>hin the range of p<span class=\"_ _0\"></span>ossib<span class=\"_ _0\"></span>le outcom<span class=\"_ _0\"></span>es, in line w<span class=\"_ _0\"></span>ith the cr<span class=\"_ _0\"></span>iteria of I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 \u2013 Financial I<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. In und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>taking t<span class=\"_ _0\"></span>he above a<span class=\"_ _0\"></span>nalysis<span class=\"_ _0\"></span>, the Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s have consid<span class=\"_ _0\"></span>ered w<span class=\"_ _0\"></span>hether t<span class=\"_ _0\"></span>here is any obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ev<span class=\"_ _0\"></span>idence th<span class=\"_ _0\"></span>at a loss e<span class=\"_ _0\"></span>vent (or events), which w<span class=\"_ _0\"></span>ould trig<span class=\"_ _0\"></span>ger th<span class=\"_ _0\"></span>e requirem<span class=\"_ _0\"></span>ent to per<span class=\"_ _0\"></span>form an imp<span class=\"_ _0\"></span>airme<span class=\"_ _0\"></span>nt review, as det<span class=\"_ _0\"></span>ailed in I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 28 \u2013 Invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in As<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iates and J<span class=\"_ _0\"></span>oint Ventures, ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023. The Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have conclud<span class=\"_ _0\"></span>ed that th<span class=\"_ _0\"></span>e challeng<span class=\"_ _0\"></span>es facing Bo<span class=\"_ _0\"></span>nd (for examp<span class=\"_ _0\"></span>le delay<span class=\"_ _0\"></span>s, fur<span class=\"_ _0\"></span>ther funding re<span class=\"_ _0\"></span>quireme<span class=\"_ _0\"></span>nts, etc.) are t<span class=\"_ _0\"></span>ypic<span class=\"_ _0\"></span>al of ex<span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>ences in ear<span class=\"_ _0\"></span>ly st<span class=\"_ _0\"></span>age tec<span class=\"_ _0\"></span>hnolo<span class=\"_ _0\"></span>gy compa<span class=\"_ _0\"></span>nies and t<span class=\"_ _0\"></span>herefore th<span class=\"_ _0\"></span>e requirem<span class=\"_ _0\"></span>ent to per<span class=\"_ _0\"></span>form an<span class=\"_ gs1\"> </span>impai<span class=\"_ _0\"></span>rment rev<span class=\"_ _0\"></span>iew has not b<span class=\"_ _0\"></span>een tr<span class=\"_ _0\"></span>iggere<span class=\"_ _0\"></span>d. The inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent has there<span class=\"_ _0\"></span>fore not be<span class=\"_ _0\"></span>en teste<span class=\"_ _0\"></span>d for impair<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs444\">Crit<span class=\"_ _0\"></span>ical ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and key so<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y in re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n to valuat<span class=\"_ _0\"></span>ion of inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>ies </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs445\">The c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying va<span class=\"_ _0\"></span>lue of inventor<span class=\"_ _0\"></span>y, c<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>mprising raw ma<span class=\"_ _0\"></span>terials, wo<span class=\"_ _0\"></span>rk in progr<span class=\"_ _0\"></span>ess and f<span class=\"_ _0\"></span>inished g<span class=\"_ _0\"></span>oods tot<span class=\"_ _0\"></span>alling \u00a31<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>4.5m, requires t<span class=\"_ _0\"></span>he use of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs446\">est<span class=\"_ _0\"></span>imates and ju<span class=\"_ _0\"></span>dgeme<span class=\"_ _0\"></span>nt. The Gr<span class=\"_ _0\"></span>oup abso<span class=\"_ _0\"></span>rbs dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y att<span class=\"_ _0\"></span>ribut<span class=\"_ _0\"></span>able cos<span class=\"_ _0\"></span>ts ove<span class=\"_ _0\"></span>r the highe<span class=\"_ _0\"></span>r of ac<span class=\"_ _0\"></span>tual produ<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on and nor<span class=\"_ _0\"></span>mal produ<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs447\">avoid ab<span class=\"_ _0\"></span>sorb<span class=\"_ _0\"></span>ing more ove<span class=\"_ _0\"></span>rheads t<span class=\"_ _0\"></span>han incurre<span class=\"_ _0\"></span>d in peri<span class=\"_ _0\"></span>ods of high pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r absor<span class=\"_ _0\"></span>bing exces<span class=\"_ _0\"></span>s overhe<span class=\"_ _0\"></span>ads in per<span class=\"_ _0\"></span>iods of l<span class=\"_ _0\"></span>ow produc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs448\">Judg<span class=\"_ _0\"></span>ement is re<span class=\"_ _0\"></span>quired wh<span class=\"_ _0\"></span>en ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g the level o<span class=\"_ _0\"></span>f normal pr<span class=\"_ _0\"></span>oduc<span class=\"_ _0\"></span>tion to com<span class=\"_ _0\"></span>pare wit<span class=\"_ _0\"></span>h the ac<span class=\"_ _0\"></span>tual pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion in de<span class=\"_ _0\"></span>termining th<span class=\"_ _0\"></span>e rate at </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs449\">which to absorb the<span class=\"_ _1\"></span> direc<span class=\"_ _0\"></span>tly attributable costs. T<span class=\"_ _0\"></span>his<span class=\"_ _1\"></span> judgement considers historical production levels and budgeted<span class=\"_ _1\"></span> produc<span class=\"_ _0\"></span>tion, as w<span class=\"_ _1\"></span>ell </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs44a\">as the re<span class=\"_ _0\"></span>lationshi<span class=\"_ _0\"></span>p bet<span class=\"_ _0\"></span>ween p<span class=\"_ _0\"></span>roduc<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd sale<span class=\"_ _0\"></span>s when co<span class=\"_ _0\"></span>ncluding on t<span class=\"_ _0\"></span>he appro<span class=\"_ _0\"></span>priate le<span class=\"_ _0\"></span>vel over whi<span class=\"_ _0\"></span>ch to absor<span class=\"_ _0\"></span>b produc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on cost<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs44b\">The p<span class=\"_ _0\"></span>rimar<span class=\"_ _0\"></span>y es<span class=\"_ _0\"></span>timate is in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of the le<span class=\"_ _0\"></span>vel of variati<span class=\"_ _0\"></span>ons, inclu<span class=\"_ _0\"></span>ding materia<span class=\"_ _0\"></span>l usage a<span class=\"_ _0\"></span>nd purchas<span class=\"_ _0\"></span>e price varia<span class=\"_ _0\"></span>nces, be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ac<span class=\"_ _0\"></span>tual and </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs44c\">st<span class=\"_ _0\"></span>andard cos<span class=\"_ _0\"></span>t abso<span class=\"_ _0\"></span>rbed into inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y at each pe<span class=\"_ _0\"></span>riod en<span class=\"_ _0\"></span>d. Manage<span class=\"_ _0\"></span>ment use<span class=\"_ _0\"></span>s its d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed ex<span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>ence in the pro<span class=\"_ _0\"></span>cess of for<span class=\"_ _0\"></span>ming it<span class=\"_ _0\"></span>s view </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs44d\">on the a<span class=\"_ _0\"></span>djustm<span class=\"_ _0\"></span>ents re<span class=\"_ _0\"></span>quired to re<span class=\"_ _0\"></span>cord inventor<span class=\"_ _0\"></span>y at cos<span class=\"_ _0\"></span>t. Manag<span class=\"_ _0\"></span>ement has as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>he range of p<span class=\"_ _0\"></span>ossib<span class=\"_ _0\"></span>le outcome<span class=\"_ _0\"></span>s which mi<span class=\"_ _0\"></span>ght result </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs44e\">from a chang<span class=\"_ _0\"></span>e in assum<span class=\"_ _0\"></span>ptions an<span class=\"_ _0\"></span>d has deter<span class=\"_ _0\"></span>mined this to b<span class=\"_ _0\"></span>e from a \u00a31<span class=\"_ _2\"></span>2.8m inc<span class=\"_ _0\"></span>rease in invento<span class=\"_ _0\"></span>ry to a \u00a3<span class=\"_ _0\"></span>2.0m reduc<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>n inventor<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs44f\">at 30<span class=\"_ gs1\"> </span>S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023, a larger range t<span class=\"_ _0\"></span>han in previ<span class=\"_ _0\"></span>ous per<span class=\"_ _0\"></span>iods du<span class=\"_ _0\"></span>e to increase vo<span class=\"_ _0\"></span>latilit<span class=\"_ _0\"></span>y in input co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s, and the<span class=\"_ _0\"></span>refore could re<span class=\"_ _0\"></span>sult in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs450\">a<span class=\"_ gs1\"> </span>material a<span class=\"_ _0\"></span>djust<span class=\"_ _0\"></span>ment to the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of inventor<span class=\"_ _0\"></span>y withi<span class=\"_ _0\"></span>n the nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs451\">Inventor<span class=\"_ _0\"></span>y pro<span class=\"_ _0\"></span>visions a<span class=\"_ _0\"></span>re put in place for s<span class=\"_ _0\"></span>low mov<span class=\"_ _0\"></span>ing and potent<span class=\"_ _0\"></span>ially obs<span class=\"_ _0\"></span>olete inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y as well as dama<span class=\"_ _0\"></span>ged and<span class=\"_ _0\"></span>/or o<span class=\"_ _0\"></span>ut of spe<span class=\"_ _0\"></span>cific<span class=\"_ _0\"></span>ation </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs452\">produ<span class=\"_ _0\"></span>ct w<span class=\"_ _0\"></span>here cos<span class=\"_ _0\"></span>t is conside<span class=\"_ _0\"></span>red to be high<span class=\"_ _0\"></span>er than net re<span class=\"_ _0\"></span>alisab<span class=\"_ _0\"></span>le value. Th<span class=\"_ _0\"></span>e level of pro<span class=\"_ _0\"></span>vision<span class=\"_ _0\"></span>ing is an est<span class=\"_ _0\"></span>imate, with jud<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt required </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs453\">on ag<span class=\"_ _0\"></span>eing, custo<span class=\"_ _0\"></span>mer ord<span class=\"_ _0\"></span>er profile<span class=\"_ _0\"></span>s, alter<span class=\"_ _0\"></span>native route<span class=\"_ _0\"></span>s to market and the o<span class=\"_ _0\"></span>ption to re<span class=\"_ _0\"></span>proces<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ation of th<span class=\"_ _0\"></span>e range of po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs454\">outcom<span class=\"_ _0\"></span>es is an increa<span class=\"_ _0\"></span>se in the va<span class=\"_ _0\"></span>lue of inventor<span class=\"_ _0\"></span>y of \u00a31<span class=\"_ _2\"></span>.6m to a d<span class=\"_ _0\"></span>ecreas<span class=\"_ _0\"></span>e of \u00a32.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m and is t<span class=\"_ _0\"></span>herefore not co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d to materiall<span class=\"_ _0\"></span>y impac<span class=\"_ _0\"></span>t the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs455\">carr<span class=\"_ _0\"></span>y va<span class=\"_ _0\"></span>lue of inventor<span class=\"_ _0\"></span>y wit<span class=\"_ _0\"></span>hin the ne<span class=\"_ _0\"></span>xt 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nths.<span class=\"_ _2cb\"> </span></div>Crit<span class=\"_ _0\"></span>ical ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and key so<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y in re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n to pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme va<span class=\"_ _0\"></span>luatio<span class=\"_ _0\"></span>n<span class=\"_ _2cb\"> </span>The v<span class=\"_ _0\"></span>aluation of p<span class=\"_ _0\"></span>ension s<span class=\"_ _0\"></span>cheme a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s are calc<span class=\"_ _0\"></span>ulated in accorda<span class=\"_ _0\"></span>nce with Gr<span class=\"_ _0\"></span>oup poli<span class=\"_ _0\"></span>cy. The valua<span class=\"_ _0\"></span>tions are pre<span class=\"_ _0\"></span>pared by independent qualified actuaries, but sig<span class=\"_ _1\"></span>nificant estimates are r<span class=\"_ _1\"></span>equired in relation<span class=\"_ _1\"></span> to the assumptions f<span class=\"_ _1\"></span>or pension increases, in<span class=\"_ _1\"></span>flation, the discount<span class=\"_ _1\"></span> rate applied and member longevity<span class=\"_ _1\"></span>, which underpin the val<span class=\"_ _1\"></span>uations. Information about the<span class=\"_ _1\"></span> assumptions relating<span class=\"_ _1\"></span> to retirement<span class=\"_ _1\"></span> ben<span class=\"_ _0\"></span>efit as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and oblig<span class=\"_ _0\"></span>ations an<span class=\"_ _0\"></span>d also the s<span class=\"_ _0\"></span>ensiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y of the pe<span class=\"_ _0\"></span>nsion as<span class=\"_ _0\"></span>set and lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y to movem<span class=\"_ _0\"></span>ents in th<span class=\"_ _0\"></span>ese as<span class=\"_ _0\"></span>sumptio<span class=\"_ _0\"></span>ns is pres<span class=\"_ _0\"></span>ented bel<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he sensi<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>y sho<span class=\"_ _0\"></span>ws that a chan<span class=\"_ _0\"></span>ge in the es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>on assum<span class=\"_ _0\"></span>ptions coul<span class=\"_ _0\"></span>d result in a mater<span class=\"_ _0\"></span>ial change i<span class=\"_ _0\"></span>n the car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing value of th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies wit<span class=\"_ _0\"></span>hin the ne<span class=\"_ _0\"></span>xt 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nths.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "New a<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds a<span class=\"_ _0\"></span>nd am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>ing st<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>dard<span class=\"_ _0\"></span>s Ne<span class=\"_ _0\"></span>w stan<span class=\"_ _0\"></span>dards and am<span class=\"_ _0\"></span>endment<span class=\"_ _0\"></span>s to ex<span class=\"_ _0\"></span>isting s<span class=\"_ _0\"></span>tanda<span class=\"_ _0\"></span>rds were ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for t<span class=\"_ _0\"></span>he financial y<span class=\"_ _0\"></span>ear ende<span class=\"_ _0\"></span>d 30 Sep<span class=\"_ _0\"></span>tember 2023, whi<span class=\"_ _0\"></span>ch include<span class=\"_ _0\"></span>d:  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Am<span class=\"_ _0\"></span>endment<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 1 \u2013 P<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>ice Statement 2 an<span class=\"_ _0\"></span>d IA<span class=\"_ _0\"></span>S 8 \u2013 Dis<span class=\"_ _0\"></span>tinguish B<span class=\"_ _0\"></span>etw<span class=\"_ _0\"></span>een Changes in A<span class=\"_ _0\"></span>ccounting Poli<span class=\"_ _0\"></span>cies and Acco<span class=\"_ _0\"></span>unting Es<span class=\"_ _0\"></span>timates; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Am<span class=\"_ _0\"></span>endment to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>2 \u2013 D<span class=\"_ _0\"></span>eferred Tax Related to A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and Liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>rising from a Si<span class=\"_ _0\"></span>ngle T<span class=\"_ _1\"></span>rans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 \u2013 Insura<span class=\"_ _0\"></span>nce Contract<span class=\"_ _0\"></span>s \u2013 Rep<span class=\"_ _0\"></span>lacement of I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 4; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Am<span class=\"_ _0\"></span>endment to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>2 \u2013 I<span class=\"_ _0\"></span>nternati<span class=\"_ _0\"></span>onal T<span class=\"_ _1\"></span>ax Refo<span class=\"_ _0\"></span>rm \u2013 Pillar Two Mod<span class=\"_ _0\"></span>el Rules<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>No<span class=\"_ _0\"></span>ne of thes<span class=\"_ _0\"></span>e have had a materi<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>t on the co<span class=\"_ _0\"></span>nsolid<span class=\"_ _0\"></span>ated or Company resu<span class=\"_ _0\"></span>lt or financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "Stan<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>ds ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive fr<span class=\"_ _0\"></span>om 1 Oc<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2023 o<span class=\"_ _0\"></span>nward<span class=\"_ _0\"></span>s A numbe<span class=\"_ _0\"></span>r of sta<span class=\"_ _0\"></span>ndards, am<span class=\"_ _0\"></span>endme<span class=\"_ _0\"></span>nts and inter<span class=\"_ _0\"></span>preta<span class=\"_ _0\"></span>tions have b<span class=\"_ _0\"></span>een issu<span class=\"_ _0\"></span>ed and en<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>sed by the U<span class=\"_ _0\"></span>K but are not y<span class=\"_ _0\"></span>et effe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive or have be<span class=\"_ _0\"></span>en issue<span class=\"_ _0\"></span>d but not en<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>sed by th<span class=\"_ _0\"></span>e UK and, accord<span class=\"_ _0\"></span>ingly, the Group has not ye<span class=\"_ _0\"></span>t adopte<span class=\"_ _0\"></span>d them. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e include:  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Am<span class=\"_ _0\"></span>endment to I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>6 \u2013 Lea<span class=\"_ _0\"></span>ses on S<span class=\"_ _0\"></span>ale and L<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>back; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Am<span class=\"_ _0\"></span>endment to I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 1 \u2013 Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>urr<span class=\"_ _0\"></span>ent Liabil<span class=\"_ _0\"></span>ities w<span class=\"_ _0\"></span>ith Covenants; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Am<span class=\"_ _0\"></span>endment<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 7 and I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 7 \u2013 Suppli<span class=\"_ _0\"></span>er Finance A<span class=\"_ _0\"></span>rrange<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>Am<span class=\"_ _0\"></span>endment<span class=\"_ _0\"></span>s to IA<span class=\"_ _0\"></span>S 21 \u2013 Lack of E<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>eabilit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>No<span class=\"_ _0\"></span>ne of thes<span class=\"_ _0\"></span>e are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to have a mater<span class=\"_ _0\"></span>ial impac<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e Group\u2019s consolid<span class=\"_ _0\"></span>ated result o<span class=\"_ _0\"></span>r financial p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "2. Segment reporting<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup compli<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 8 \u2013 Op<span class=\"_ _0\"></span>erating S<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>s, wh<span class=\"_ _0\"></span>ich require<span class=\"_ _0\"></span>s operat<span class=\"_ _0\"></span>ing segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to be ident<span class=\"_ _0\"></span>ified an<span class=\"_ _0\"></span>d repor<span class=\"_ _0\"></span>ted u<span class=\"_ _0\"></span>pon that ar<span class=\"_ _0\"></span>e consis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>e level at w<span class=\"_ _0\"></span>hich resul<span class=\"_ _0\"></span>ts are re<span class=\"_ _0\"></span>gularly re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d by the entit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s chi<span class=\"_ _0\"></span>ef ope<span class=\"_ _0\"></span>rating de<span class=\"_ _0\"></span>cision maker (\u2018C<span class=\"_ _1\"></span>O<span class=\"_ _0\"></span>DM\u2019). Th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>OD<span class=\"_ _0\"></span>M for the Grou<span class=\"_ _0\"></span>p is the V<span class=\"_ _0\"></span>ict<span class=\"_ _0\"></span>rex plc Bo<span class=\"_ _0\"></span>ard. Infor<span class=\"_ _0\"></span>mation on t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss unit<span class=\"_ _0\"></span>s is the pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>y basis of infor<span class=\"_ _0\"></span>mation re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ted to th<span class=\"_ _0\"></span>e Vic<span class=\"_ _0\"></span>trex p<span class=\"_ _0\"></span>lc Board. The p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance of t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss unit<span class=\"_ _0\"></span>s is ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on se<span class=\"_ _0\"></span>gment<span class=\"_ _0\"></span>al gross p<span class=\"_ _0\"></span>rofit. Mana<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt of<span class=\"_ gs1\"> </span>sale<span class=\"_ _0\"></span>s, marketing and a<span class=\"_ _0\"></span>dminist<span class=\"_ _0\"></span>ration, and res<span class=\"_ _0\"></span>earch and d<span class=\"_ _0\"></span>evelop<span class=\"_ _0\"></span>ment func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ser<span class=\"_ _0\"></span>vicin<span class=\"_ _0\"></span>g both busin<span class=\"_ _0\"></span>ess uni<span class=\"_ _0\"></span>ts is cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d and repo<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d at a Group le<span class=\"_ _0\"></span>vel. Seg<span class=\"_ _0\"></span>mental b<span class=\"_ _0\"></span>alance shee<span class=\"_ _0\"></span>ts are n<span class=\"_ _0\"></span>ot produce<span class=\"_ _0\"></span>d; instead the CODM rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s the balan<span class=\"_ _0\"></span>ce sheet at a G<span class=\"_ _0\"></span>roup level w<span class=\"_ _0\"></span>hich prov<span class=\"_ _0\"></span>ides t<span class=\"_ _0\"></span>he nece<span class=\"_ _0\"></span>ssar<span class=\"_ _0\"></span>y l<span class=\"_ _0\"></span>evel of<span class=\"_ gs1\"> </span>det<span class=\"_ _0\"></span>ail to make an informe<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of the financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion of the G<span class=\"_ _0\"></span>roup on whi<span class=\"_ _0\"></span>ch to base key busin<span class=\"_ _0\"></span>ess d<span class=\"_ _0\"></span>ecisio<span class=\"_ _0\"></span>ns.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s business i<span class=\"_ _0\"></span>s strateg<span class=\"_ _0\"></span>ically o<span class=\"_ _0\"></span>rganise<span class=\"_ _0\"></span>d as t<span class=\"_ _0\"></span>wo busines<span class=\"_ _0\"></span>s unit<span class=\"_ _0\"></span>s (operating s<span class=\"_ _0\"></span>egme<span class=\"_ _0\"></span>nts): Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>oluti<span class=\"_ _0\"></span>ons (former<span class=\"_ _0\"></span>ly Indus<span class=\"_ _0\"></span>trial<span class=\"_ _0\"></span>), which focus<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> on our Ene<span class=\"_ _0\"></span>rgy &amp; Ind<span class=\"_ _0\"></span>ustrial, VAR, Au<span class=\"_ _0\"></span>tomoti<span class=\"_ _0\"></span>ve, Aerospa<span class=\"_ _0\"></span>ce and Elec<span class=\"_ _0\"></span>troni<span class=\"_ _0\"></span>cs market<span class=\"_ _0\"></span>s, and M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al, which foc<span class=\"_ _0\"></span>uses on p<span class=\"_ _0\"></span>roviding s<span class=\"_ _0\"></span>pecia<span class=\"_ _0\"></span>list so<span class=\"_ _0\"></span>lutions for<span class=\"_ _0\"></span> medi<span class=\"_ _0\"></span>cal de<span class=\"_ _0\"></span>vice manufac<span class=\"_ _0\"></span>turer<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Y<span class=\"_ _1\"></span>ear ended<span class=\"_ _1\"></span> 30 September 2023<span class=\"_ _b1\"> </span><span class=\"ff28 ls6 ws0\">Year en<span class=\"_ _0\"></span>ded 3<span class=\"_ _0\"></span>0 Sept<span class=\"_ _0\"></span>embe<span class=\"_ _0\"></span>r 2022<span class=\"_ _2cb\"> </span></span>Sustainable<span class=\"_ _140\"> </span><span class=\"ff28 ls66 ws62\">Sustainable<span class=\"_ _2cb\"> </span></span>Solutions<span class=\"_ _ec\"> </span><span class=\"ls19b ws19c\">Medical<span class=\"_ _f3\"> </span><span class=\"lsd8 wsd1\"> Group <span class=\"_ _e5\"> </span><span class=\"ff28 ls198 ws19a\">S<span class=\"_ _0\"></span>olutions<span class=\"_ _f1\"> </span><span class=\"ls9a ws8f\">Medical<span class=\"_ _108\"> </span><span class=\"ls6 ws0\"> Gro<span class=\"_ _0\"></span>up </span></span></span></span></span>\u00a3m<span class=\"_ _62\"> </span>\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _49\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _36\"> </span><span class=\"ls6 ws0\"> \u00a3m </span></span>Seg<span class=\"_ _0\"></span>ment revenu<span class=\"_ _0\"></span>e <span class=\"_ _1b6\"> </span><span class=\"ff27 ls18 ws15\">250.<span class=\"_ _0\"></span>3<span class=\"_ _184\"> </span><span class=\"ls8 ws6\">65.<span class=\"_ _0\"></span>2<span class=\"_ _43\"> </span><span class=\"ls29 ws26\">315<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _115\"> </span></span></span></span>285.<span class=\"_ _0\"></span>8<span class=\"_ _42\"> </span><span class=\"ls12 ws1f\">58<span class=\"_ _0\"></span>.3<span class=\"_ _43\"> </span><span class=\"ls60 ws5b\">3<span class=\"_ _5\"></span>4<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span>Interna<span class=\"_ _0\"></span>l revenue<span class=\"_ _1b7\"> </span><span class=\"ff27 ls1c ws1a\">(8.<span class=\"_ _0\"></span>5)<span class=\"_ _db\"> </span></span><span class=\"ff27\">\u2014 <span class=\"_ _46\"> </span><span class=\"ls1c ws1a\">(8.<span class=\"_ _0\"></span>5)<span class=\"_ _109\"> </span></span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014 <span class=\"_ _11a\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>Revenu<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m ext<span class=\"_ _0\"></span>erna<span class=\"_ _0\"></span>l sale<span class=\"_ _0\"></span>s <span class=\"_ _c9\"> </span><span class=\"fc3 ls1b ws19\">241<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _42\"> </span><span class=\"ls8 ws6\">65.<span class=\"_ _0\"></span>2<span class=\"_ _11f\"> </span><span class=\"lscd wse4\">3<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>0<span class=\"_ _184\"> </span><span class=\"ff28 lsde wsd8\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2.7<span class=\"_ _8b\"> </span><span class=\"ls12 ws1f\">58.3<span class=\"_ _3b\"> </span><span class=\"ls128 ws178\">3<span class=\"_ _0\"></span>41.<span class=\"_ _0\"></span>0<span class=\"_ _2cb\"> </span></span></span></span></span></span></span>Segment gr<span class=\"_ _1\"></span>oss profit<span class=\"_ _149\"> </span><span class=\"fc3 lse1 wsdb\">110<span class=\"_ _6\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _ad\"> </span><span class=\"lscd wse4\">5<span class=\"_ _6\"></span>2<span class=\"_ _5\"></span>.1<span class=\"_ _43\"> </span><span class=\"lsf wsd\">162<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _46\"> </span><span class=\"ff28 lse2 wsdc\">12<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _45\"> </span><span class=\"lsde wsd8\">4<span class=\"_ _0\"></span>9.7<span class=\"_ _f1\"> </span><span class=\"lse0 wsda\">174<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span></span></span></span></span></span>Impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f clim<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span>The CODM for t<span class=\"_ _0\"></span>he Group mo<span class=\"_ _0\"></span>nitors c<span class=\"_ _0\"></span>limate change m<span class=\"_ _0\"></span>etric<span class=\"_ _0\"></span>s, prima<span class=\"_ _0\"></span>rily the re<span class=\"_ _0\"></span>venue from sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>ble prod<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>s, on a si<span class=\"_ _0\"></span>x-mo<span class=\"_ _0\"></span>nthly basis<span class=\"_ _0\"></span>. Howeve<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>he primar<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>sis for revi<span class=\"_ _0\"></span>ewing finan<span class=\"_ _0\"></span>cial per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance over all tim<span class=\"_ _0\"></span>e horizon<span class=\"_ _0\"></span>s, from mont<span class=\"_ _0\"></span>hly to annually, remains at the o<span class=\"_ _0\"></span>perating s<span class=\"_ _0\"></span>egme<span class=\"_ _0\"></span>nt level. It i<span class=\"_ _0\"></span>s noted that pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>old into sust<span class=\"_ _0\"></span>ainabl<span class=\"_ _0\"></span>e applic<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>re primaril<span class=\"_ _0\"></span>y the sam<span class=\"_ _0\"></span>e as prod<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>s so<span class=\"_ _0\"></span>ld into non<span class=\"_ _0\"></span>-sus<span class=\"_ _0\"></span>tainabl<span class=\"_ _0\"></span>e applic<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s. It is onl<span class=\"_ _0\"></span>y the end a<span class=\"_ _0\"></span>pplica<span class=\"_ _0\"></span>tion wh<span class=\"_ _0\"></span>ich dif<span class=\"_ _0\"></span>ferentiates t<span class=\"_ _0\"></span>hem. A<span class=\"_ _0\"></span>s a result i<span class=\"_ _0\"></span>t is not anticip<span class=\"_ _0\"></span>ated that any<span class=\"_ _0\"></span> change w<span class=\"_ _0\"></span>ill be req<span class=\"_ _0\"></span>uired in the s<span class=\"_ _0\"></span>egme<span class=\"_ _0\"></span>ntal rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ting as a resul<span class=\"_ _0\"></span>t of the Group\u2019s focus on sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>ble app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>ons.<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>ransa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are conduc<span class=\"_ _0\"></span>ted at ar<span class=\"_ _0\"></span>m\u2019<span class=\"_ _1\"></span>s len<span class=\"_ _0\"></span>gth.<span class=\"_ _2cb\"> </span>Revenue recog<span class=\"_ _0\"></span>nition<span class=\"_ _2cb\"> </span>Revenu<span class=\"_ _0\"></span>e in both se<span class=\"_ _0\"></span>gment<span class=\"_ _0\"></span>s compri<span class=\"_ _0\"></span>ses the a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s receiv<span class=\"_ _0\"></span>able for th<span class=\"_ _0\"></span>e sale of g<span class=\"_ _0\"></span>oods<span class=\"_ _0\"></span>, net of value a<span class=\"_ _0\"></span>dded t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>, rebates a<span class=\"_ _0\"></span>nd discount<span class=\"_ _0\"></span>s and<span class=\"_ gs1\"> </span>af<span class=\"_ _0\"></span>ter eliminat<span class=\"_ _0\"></span>ing sal<span class=\"_ _0\"></span>es withi<span class=\"_ _0\"></span>n the Group. Rev<span class=\"_ _0\"></span>enue from th<span class=\"_ _0\"></span>e sale of g<span class=\"_ _0\"></span>oods i<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en all per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance oblig<span class=\"_ _0\"></span>ations are m<span class=\"_ _0\"></span>et, which i<span class=\"_ _0\"></span>s when th<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>ds are dispatch<span class=\"_ _0\"></span>ed or de<span class=\"_ _0\"></span>livered in lin<span class=\"_ _0\"></span>e with I<span class=\"_ _0\"></span>ncoterms. V<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>trex re<span class=\"_ _0\"></span>ceives M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al Unit Pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s (\u2018MU<span class=\"_ _0\"></span>Ps\u2019) fro<span class=\"_ _0\"></span>m a<span class=\"_ gs1\"> </span>numbe<span class=\"_ _0\"></span>r of medic<span class=\"_ _0\"></span>al custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s. MU<span class=\"_ _0\"></span>Ps are d<span class=\"_ _0\"></span>eferred p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s conting<span class=\"_ _0\"></span>ent on the cus<span class=\"_ _0\"></span>tomer s<span class=\"_ _0\"></span>elling it<span class=\"_ _0\"></span>s final com<span class=\"_ _0\"></span>ponent to t<span class=\"_ _0\"></span>he end use<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>. Revenu<span class=\"_ _0\"></span>e from MU<span class=\"_ _0\"></span>Ps is a for<span class=\"_ _0\"></span>m of variabl<span class=\"_ _0\"></span>e conside<span class=\"_ _0\"></span>ration w<span class=\"_ _0\"></span>here all pe<span class=\"_ _0\"></span>rfor<span class=\"_ _0\"></span>mance obl<span class=\"_ _0\"></span>igations hav<span class=\"_ _0\"></span>e been m<span class=\"_ _0\"></span>et when t<span class=\"_ _0\"></span>he material i<span class=\"_ _0\"></span>s sold by the Grou<span class=\"_ _0\"></span>p. The init<span class=\"_ _0\"></span>ial value of th<span class=\"_ _0\"></span>e MUP re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed is bas<span class=\"_ _0\"></span>ed on manag<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>\u2019s best e<span class=\"_ _0\"></span>stimate o<span class=\"_ _0\"></span>f the value tha<span class=\"_ _0\"></span>t will flow to t<span class=\"_ _0\"></span>he Group only to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent that it is hig<span class=\"_ _0\"></span>hly proba<span class=\"_ _0\"></span>ble that a si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant revers<span class=\"_ _0\"></span>al in the a<span class=\"_ _0\"></span>mount of cumulat<span class=\"_ _0\"></span>ive revenu<span class=\"_ _0\"></span>e recognis<span class=\"_ _0\"></span>ed will n<span class=\"_ _0\"></span>ot occur whe<span class=\"_ _0\"></span>n the uncer<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>inty as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h the variab<span class=\"_ _0\"></span>le consid<span class=\"_ _0\"></span>eration i<span class=\"_ _0\"></span>s subseq<span class=\"_ _0\"></span>uently re<span class=\"_ _0\"></span>solve<span class=\"_ _0\"></span>d. This w<span class=\"_ _0\"></span>ill be adju<span class=\"_ _0\"></span>sted as a<span class=\"_ _0\"></span>ppropr<span class=\"_ _0\"></span>iate, with a<span class=\"_ gs1\"> </span>final ad<span class=\"_ _0\"></span>justme<span class=\"_ _0\"></span>nt being ma<span class=\"_ _0\"></span>de in the p<span class=\"_ _0\"></span>eriod t<span class=\"_ _0\"></span>he final de<span class=\"_ _0\"></span>claratio<span class=\"_ _0\"></span>n is made. T<span class=\"_ _0\"></span>he value of M<span class=\"_ _0\"></span>UP<span class=\"_ _0\"></span>s recogni<span class=\"_ _0\"></span>sed but n<span class=\"_ _0\"></span>ot invoiced is in<span class=\"_ _0\"></span>cluded in<span class=\"_ gs1\"> </span>prep<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s and accru<span class=\"_ _0\"></span>ed incom<span class=\"_ _0\"></span>e. See note 14.<span class=\"_ _2cb\"> </span>No rev<span class=\"_ _0\"></span>enue is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d if there is si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant uncer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y rega<span class=\"_ _0\"></span>rding recover<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he consid<span class=\"_ _0\"></span>eration du<span class=\"_ _0\"></span>e or ass<span class=\"_ _0\"></span>ociate<span class=\"_ _0\"></span>d cost<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has ta<span class=\"_ _0\"></span>ken advanta<span class=\"_ _0\"></span>ge of the e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>dient allow<span class=\"_ _0\"></span>ed in IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>5 (1<span class=\"_ _2\"></span>21<span class=\"_ _2\"></span>b) not to dis<span class=\"_ _0\"></span>close info<span class=\"_ _0\"></span>rmation a<span class=\"_ _0\"></span>bout it<span class=\"_ _0\"></span>s remain<span class=\"_ _0\"></span>ing per<span class=\"_ _0\"></span>forman<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>ations b<span class=\"_ _0\"></span>ecaus<span class=\"_ _0\"></span>e the Grou<span class=\"_ _0\"></span>p only reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s revenue on t<span class=\"_ _0\"></span>he satis<span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>tion of p<span class=\"_ _0\"></span>erfo<span class=\"_ _0\"></span>rmance ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _0\"></span>ns.<span class=\"_ _2cb\"> </span>Inf<span class=\"_ _1\"></span>ormati<span class=\"_ _1\"></span>on about<span class=\"_ _1\"></span> products<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup der<span class=\"_ _0\"></span>ives it<span class=\"_ _0\"></span>s revenue f<span class=\"_ _0\"></span>rom the s<span class=\"_ _0\"></span>ale of high p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance th<span class=\"_ _0\"></span>ermop<span class=\"_ _0\"></span>lasti<span class=\"_ _0\"></span>c poly<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span><div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsa ws8 gs12f\">Information about geographical areas<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs130\">The G<span class=\"_ _0\"></span>roup\u2019s countr<span class=\"_ _0\"></span>y of domicil<span class=\"_ _0\"></span>e is the Uni<span class=\"_ _0\"></span>ted King<span class=\"_ _0\"></span>dom. </div><div class=\"t m0 h7 ff31 fs4 fc3 sc0 ls6 ws0 gs131\">1<span class=\"_ _2\"></span>) <span class=\"_ _2f\"> </span>R<span class=\"_ _0\"></span>evenue f<span class=\"_ _0\"></span>rom ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal sale<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs132\">The fo<span class=\"_ _0\"></span>llowing is a<span class=\"_ _0\"></span>n analys<span class=\"_ _0\"></span>is of revenue fro<span class=\"_ _0\"></span>m ex<span class=\"_ _0\"></span>ternal s<span class=\"_ _0\"></span>ales ba<span class=\"_ _0\"></span>sed on th<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>er\u2019s loc<span class=\"_ _0\"></span>ation.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs133\">Reve<span class=\"_ _0\"></span>nue fr<span class=\"_ _0\"></span>om ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al sal<span class=\"_ _0\"></span>es<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls151 ws14a gs134\">Sustainable<span class=\"_ _10f\"> </span><span class=\"ff28 ls66 ws62\">Sust<span class=\"_ _0\"></span>ainable<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls89 ws7f gs135\">Solutions<span class=\"_ _ec\"> </span><span class=\"ls19b ws19c\">Medical<span class=\"_ _102\"> </span><span class=\"lsd8 wsd1\">2023<span class=\"_ _e1\"> </span><span class=\"ff28 ls198 ws19a\">So<span class=\"_ _0\"></span>lutions<span class=\"_ _f1\"> </span><span class=\"ls9a ws8f\">Medical<span class=\"_ _109\"> </span><span class=\"lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls66 ws62 gs136\">\u00a3m<span class=\"_ _62\"> </span>\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs137\">United K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om <span class=\"_ _104\"> </span><span class=\"ff27 lsfa wsf4\">4.2<span class=\"_ _62\"> </span></span><span class=\"ff27\">\u2014<span class=\"_ _186\"> </span><span class=\"lsfa wsf4\">4.2<span class=\"_ _106\"> </span></span></span><span class=\"ls12 ws1f\">4.3<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _106\"> </span><span class=\"ls12 ws1f\">4.3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs138\">Europe, the M<span class=\"_ _0\"></span>iddle E<span class=\"_ _0\"></span>ast and Afr<span class=\"_ _0\"></span>ica (\u2018EM<span class=\"_ _0\"></span>EA<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>)<span class=\"_ _df\"> </span><span class=\"ff27 lse1 wsdb\">111<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _8a\"> </span><span class=\"lsf wsd\">16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _3f\"> </span><span class=\"lscd wse4\">1<span class=\"_ _0\"></span>2<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>6<span class=\"_ _3d\"> </span></span></span></span><span class=\"ls60 ws5b\">12<span class=\"_ _6\"></span>9<span class=\"_ _6\"></span>.1<span class=\"_ _45\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _3f\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs139\">Americas <span class=\"_ _1a5\"> </span><span class=\"ff27 ls6d wsc6\">52<span class=\"_ _0\"></span>.7<span class=\"_ _42\"> </span><span class=\"ls17 ws14\">30.0<span class=\"_ _42\"> </span></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _8a\"> </span></span><span class=\"ls16 wsc1\">65.<span class=\"_ _0\"></span>8<span class=\"_ _8b\"> </span><span class=\"lsde wsd8\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _8a\"> </span><span class=\"ls9 ws7\">9<span class=\"_ _0\"></span>4.5<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls86 wsba gs13a\">A<span class=\"_ _0\"></span>sia-<span class=\"_ _0\"></span>Pacific<span class=\"_ _170\"> </span><span class=\"ff27 ls6d wsc6\">73.7<span class=\"_ _42\"> </span><span class=\"ls10 wse\">18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _42\"> </span><span class=\"ls1c ws1a\">92<span class=\"_ _0\"></span>.5<span class=\"_ _8b\"> </span></span></span></span><span class=\"ls9 ws7\">83.5<span class=\"_ _8b\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _11a\"> </span><span class=\"ls102 wsfa\">9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>9</span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs13b\"> <span class=\"_ _18b\"> </span><span class=\"ff27 ls1b ws19\">2<span class=\"_ _0\"></span>41.<span class=\"_ _0\"></span>8<span class=\"_ _8a\"> </span><span class=\"ls8 ws6\">65.<span class=\"_ _0\"></span>2<span class=\"_ _11f\"> </span><span class=\"lscd wse4\">3<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _5\"></span>0<span class=\"_ _3f\"> </span></span></span></span><span class=\"lsde wsd8\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2.7<span class=\"_ _8b\"> </span><span class=\"ls12 ws1f\">58.3<span class=\"_ _3b\"> </span><span class=\"ls128 ws178\">3<span class=\"_ _0\"></span>41.<span class=\"_ _0\"></span>0<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs13c\">Revenu<span class=\"_ _0\"></span>e from ex<span class=\"_ _0\"></span>ternal cu<span class=\"_ _0\"></span>stomer<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>ed in Ger<span class=\"_ _0\"></span>many was \u00a373.<span class=\"_ _0\"></span>2m (2<span class=\"_ _1\"></span>022: \u00a390.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m), the US was \u00a375.7<span class=\"_ _1\"></span>m (2022: \u00a387<span class=\"_ _8\"></span>.6m) and China was </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs13d\">\u00a345.5m (20<span class=\"_ _1\"></span>22: \u00a340.3m). The re<span class=\"_ _0\"></span>venue from any ind<span class=\"_ _0\"></span>ividua<span class=\"_ _0\"></span>l countr<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, wit<span class=\"_ _0\"></span>h the excep<span class=\"_ _0\"></span>tion of Ge<span class=\"_ _0\"></span>rmany<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>e US and China, is not more t<span class=\"_ _0\"></span>han 1<span class=\"_ _1\"></span>0% </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs13e\">of the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s tot<span class=\"_ _0\"></span>al revenue in e<span class=\"_ _0\"></span>ither th<span class=\"_ _0\"></span>e current or pr<span class=\"_ _0\"></span>ior year. </div><div class=\"t m0 h7 ff31 fs4 fc3 sc0 ls6 ws0 gs13f\">2)  N<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent asset<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs140\">The fo<span class=\"_ _0\"></span>llowing is a<span class=\"_ _0\"></span>n analys<span class=\"_ _0\"></span>is of the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets by t<span class=\"_ _0\"></span>he geo<span class=\"_ _0\"></span>graphic<span class=\"_ _0\"></span>al area in w<span class=\"_ _0\"></span>hich the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are lo<span class=\"_ _0\"></span>cated. N<span class=\"_ _0\"></span>on-<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs141\">current a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>y, plant and equip<span class=\"_ _0\"></span>ment, int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s, and i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ents in a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates. I<span class=\"_ _0\"></span>t doe<span class=\"_ _0\"></span>s not includ<span class=\"_ _0\"></span>e retireme<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs142\">benefit asset<span class=\"_ _0\"></span>s, deferr<span class=\"_ _1\"></span>ed ta<span class=\"_ _0\"></span>x assets and financia<span class=\"_ _1\"></span>l instruments. </div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs143\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls66 ws62 gs144\">\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs145\">United Kin<span class=\"_ _1\"></span>gdom<span class=\"_ _15d\"> </span><span class=\"ff27 ls15 ws13\">253<span class=\"_ _0\"></span>.8<span class=\"_ _3b\"> </span></span><span class=\"ls102 wsfa\">2<span class=\"_ _0\"></span>5<span class=\"_ _5\"></span>7.<span class=\"_ _6\"></span>8<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs146\">China<span class=\"_ _1b8\"> </span><span class=\"ff27 ls7f ws70\">91.<span class=\"_ _0\"></span>3<span class=\"_ _8b\"> </span></span><span class=\"ls6 ws0\">85.3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs147\">Other<span class=\"_ _1b8\"> </span><span class=\"ff27 ls1a ws1d\">33.<span class=\"_ _0\"></span>9<span class=\"_ _8a\"> </span></span><span class=\"lsde wsd8\">3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.7</span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs148\"> <span class=\"_ _1b9\"> </span><span class=\"fc3 ls86 wsba\">379.0<span class=\"_ _3b\"> </span><span class=\"ff28 ls102 wsfa\">3<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>7.<span class=\"_ _5\"></span>8<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs149\">No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>current a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d in any indivi<span class=\"_ _0\"></span>dual countr<span class=\"_ _0\"></span>y, with the exce<span class=\"_ _0\"></span>ption of th<span class=\"_ _0\"></span>e United K<span class=\"_ _0\"></span>ingdo<span class=\"_ _0\"></span>m and China, is not more t<span class=\"_ _0\"></span>han 1<span class=\"_ _1\"></span>0% of the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs14a\">Group\u2019s total no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>current a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s (F<span class=\"_ _0\"></span>Y 2022: same).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs14b\">Info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>ion ab<span class=\"_ _0\"></span>out m<span class=\"_ _0\"></span>ajor cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs14c\">In the c<span class=\"_ _0\"></span>urrent year n<span class=\"_ _0\"></span>o custom<span class=\"_ _0\"></span>ers contr<span class=\"_ _0\"></span>ibuted m<span class=\"_ _0\"></span>ore than 10<span class=\"_ _1\"></span>% to Gro<span class=\"_ _0\"></span>up revenue (F<span class=\"_ _0\"></span>Y 2022: one cus<span class=\"_ _0\"></span>tomer w<span class=\"_ _0\"></span>ithin our Sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>ble So<span class=\"_ _0\"></span>lutions </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs14d\">seg<span class=\"_ _0\"></span>ment contrib<span class=\"_ _0\"></span>uted mo<span class=\"_ _0\"></span>re than 1<span class=\"_ _1\"></span>0% to Group re<span class=\"_ _0\"></span>venue).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "<div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs118\">The G<span class=\"_ _0\"></span>roup compli<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 8 \u2013 Op<span class=\"_ _0\"></span>erating S<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>s, wh<span class=\"_ _0\"></span>ich require<span class=\"_ _0\"></span>s operat<span class=\"_ _0\"></span>ing segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to be ident<span class=\"_ _0\"></span>ified an<span class=\"_ _0\"></span>d repor<span class=\"_ _0\"></span>ted u<span class=\"_ _0\"></span>pon that ar<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs119\">consis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>e level at w<span class=\"_ _0\"></span>hich resul<span class=\"_ _0\"></span>ts are re<span class=\"_ _0\"></span>gularly re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d by the entit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s chi<span class=\"_ _0\"></span>ef ope<span class=\"_ _0\"></span>rating de<span class=\"_ _0\"></span>cision maker (\u2018C<span class=\"_ _1\"></span>O<span class=\"_ _0\"></span>DM\u2019). Th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>OD<span class=\"_ _0\"></span>M for </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs11a\">the Grou<span class=\"_ _0\"></span>p is the V<span class=\"_ _0\"></span>ict<span class=\"_ _0\"></span>rex plc Bo<span class=\"_ _0\"></span>ard. Infor<span class=\"_ _0\"></span>mation on t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss unit<span class=\"_ _0\"></span>s is the pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>y basis of infor<span class=\"_ _0\"></span>mation re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ted to th<span class=\"_ _0\"></span>e Vic<span class=\"_ _0\"></span>trex p<span class=\"_ _0\"></span>lc Board. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs11b\">The p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance of t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss unit<span class=\"_ _0\"></span>s is ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on se<span class=\"_ _0\"></span>gment<span class=\"_ _0\"></span>al gross p<span class=\"_ _0\"></span>rofit. Mana<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt of<span class=\"_ gs1\"> </span>sale<span class=\"_ _0\"></span>s, marketing and a<span class=\"_ _0\"></span>dminist<span class=\"_ _0\"></span>ration, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs11c\">and res<span class=\"_ _0\"></span>earch and d<span class=\"_ _0\"></span>evelop<span class=\"_ _0\"></span>ment func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ser<span class=\"_ _0\"></span>vicin<span class=\"_ _0\"></span>g both busin<span class=\"_ _0\"></span>ess uni<span class=\"_ _0\"></span>ts is cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d and repo<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d at a Group le<span class=\"_ _0\"></span>vel. Seg<span class=\"_ _0\"></span>mental b<span class=\"_ _0\"></span>alance </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs11d\">shee<span class=\"_ _0\"></span>ts are n<span class=\"_ _0\"></span>ot produce<span class=\"_ _0\"></span>d; instead the CODM rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s the balan<span class=\"_ _0\"></span>ce sheet at a G<span class=\"_ _0\"></span>roup level w<span class=\"_ _0\"></span>hich prov<span class=\"_ _0\"></span>ides t<span class=\"_ _0\"></span>he nece<span class=\"_ _0\"></span>ssar<span class=\"_ _0\"></span>y l<span class=\"_ _0\"></span>evel of<span class=\"_ gs1\"> </span>det<span class=\"_ _0\"></span>ail to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs11e\">make an informe<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of the financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion of the G<span class=\"_ _0\"></span>roup on whi<span class=\"_ _0\"></span>ch to base key busin<span class=\"_ _0\"></span>ess d<span class=\"_ _0\"></span>ecisio<span class=\"_ _0\"></span>ns.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls15 ws13 gs120\">Revenue recog<span class=\"_ _0\"></span>nition<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs121\">Revenu<span class=\"_ _0\"></span>e in both se<span class=\"_ _0\"></span>gment<span class=\"_ _0\"></span>s compri<span class=\"_ _0\"></span>ses the a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s receiv<span class=\"_ _0\"></span>able for th<span class=\"_ _0\"></span>e sale of g<span class=\"_ _0\"></span>oods<span class=\"_ _0\"></span>, net of value a<span class=\"_ _0\"></span>dded t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>, rebates a<span class=\"_ _0\"></span>nd discount<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs122\">and<span class=\"_ gs1\"> </span>af<span class=\"_ _0\"></span>ter eliminat<span class=\"_ _0\"></span>ing sal<span class=\"_ _0\"></span>es withi<span class=\"_ _0\"></span>n the Group. Rev<span class=\"_ _0\"></span>enue from th<span class=\"_ _0\"></span>e sale of g<span class=\"_ _0\"></span>oods i<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en all per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance oblig<span class=\"_ _0\"></span>ations are m<span class=\"_ _0\"></span>et, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs123\">which i<span class=\"_ _0\"></span>s when th<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>ds are dispatch<span class=\"_ _0\"></span>ed or de<span class=\"_ _0\"></span>livered in lin<span class=\"_ _0\"></span>e with I<span class=\"_ _0\"></span>ncoterms. V<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>trex re<span class=\"_ _0\"></span>ceives M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al Unit Pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s (\u2018MU<span class=\"_ _0\"></span>Ps\u2019) fro<span class=\"_ _0\"></span>m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs124\">a<span class=\"_ gs1\"> </span>numbe<span class=\"_ _0\"></span>r of medic<span class=\"_ _0\"></span>al custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s. MU<span class=\"_ _0\"></span>Ps are d<span class=\"_ _0\"></span>eferred p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s conting<span class=\"_ _0\"></span>ent on the cus<span class=\"_ _0\"></span>tomer s<span class=\"_ _0\"></span>elling it<span class=\"_ _0\"></span>s final com<span class=\"_ _0\"></span>ponent to t<span class=\"_ _0\"></span>he end use<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs125\">Revenu<span class=\"_ _0\"></span>e from MU<span class=\"_ _0\"></span>Ps is a for<span class=\"_ _0\"></span>m of variabl<span class=\"_ _0\"></span>e conside<span class=\"_ _0\"></span>ration w<span class=\"_ _0\"></span>here all pe<span class=\"_ _0\"></span>rfor<span class=\"_ _0\"></span>mance obl<span class=\"_ _0\"></span>igations hav<span class=\"_ _0\"></span>e been m<span class=\"_ _0\"></span>et when t<span class=\"_ _0\"></span>he material i<span class=\"_ _0\"></span>s sold by </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs126\">the Grou<span class=\"_ _0\"></span>p. The init<span class=\"_ _0\"></span>ial value of th<span class=\"_ _0\"></span>e MUP re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed is bas<span class=\"_ _0\"></span>ed on manag<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>\u2019s best e<span class=\"_ _0\"></span>stimate o<span class=\"_ _0\"></span>f the value tha<span class=\"_ _0\"></span>t will flow to t<span class=\"_ _0\"></span>he Group </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs127\">only to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent that it is hig<span class=\"_ _0\"></span>hly proba<span class=\"_ _0\"></span>ble that a si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant revers<span class=\"_ _0\"></span>al in the a<span class=\"_ _0\"></span>mount of cumulat<span class=\"_ _0\"></span>ive revenu<span class=\"_ _0\"></span>e recognis<span class=\"_ _0\"></span>ed will n<span class=\"_ _0\"></span>ot occur </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs128\">whe<span class=\"_ _0\"></span>n the uncer<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>inty as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h the variab<span class=\"_ _0\"></span>le consid<span class=\"_ _0\"></span>eration i<span class=\"_ _0\"></span>s subseq<span class=\"_ _0\"></span>uently re<span class=\"_ _0\"></span>solve<span class=\"_ _0\"></span>d. This w<span class=\"_ _0\"></span>ill be adju<span class=\"_ _0\"></span>sted as a<span class=\"_ _0\"></span>ppropr<span class=\"_ _0\"></span>iate, with </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs129\">a<span class=\"_ gs1\"> </span>final ad<span class=\"_ _0\"></span>justme<span class=\"_ _0\"></span>nt being ma<span class=\"_ _0\"></span>de in the p<span class=\"_ _0\"></span>eriod t<span class=\"_ _0\"></span>he final de<span class=\"_ _0\"></span>claratio<span class=\"_ _0\"></span>n is made. T<span class=\"_ _0\"></span>he value of M<span class=\"_ _0\"></span>UP<span class=\"_ _0\"></span>s recogni<span class=\"_ _0\"></span>sed but n<span class=\"_ _0\"></span>ot invoiced is in<span class=\"_ _0\"></span>cluded </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs12a\">in<span class=\"_ gs1\"> </span>prep<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s and accru<span class=\"_ _0\"></span>ed incom<span class=\"_ _0\"></span>e. See note 14.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs12b\">No rev<span class=\"_ _0\"></span>enue is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d if there is si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant uncer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y rega<span class=\"_ _0\"></span>rding recover<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he consid<span class=\"_ _0\"></span>eration du<span class=\"_ _0\"></span>e or ass<span class=\"_ _0\"></span>ociate<span class=\"_ _0\"></span>d cost<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs12c\">The G<span class=\"_ _0\"></span>roup has ta<span class=\"_ _0\"></span>ken advanta<span class=\"_ _0\"></span>ge of the e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>dient allow<span class=\"_ _0\"></span>ed in IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>5 (1<span class=\"_ _2\"></span>21<span class=\"_ _2\"></span>b) not to dis<span class=\"_ _0\"></span>close info<span class=\"_ _0\"></span>rmation a<span class=\"_ _0\"></span>bout it<span class=\"_ _0\"></span>s remain<span class=\"_ _0\"></span>ing per<span class=\"_ _0\"></span>forman<span class=\"_ _0\"></span>ce </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs12d\">oblig<span class=\"_ _0\"></span>ations b<span class=\"_ _0\"></span>ecaus<span class=\"_ _0\"></span>e the Grou<span class=\"_ _0\"></span>p only reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s revenue on t<span class=\"_ _0\"></span>he satis<span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>tion of p<span class=\"_ _0\"></span>erfo<span class=\"_ _0\"></span>rmance ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _0\"></span>ns.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 lsc wsa gs160\">Exceptional<span class=\"_ _1\"></span> items<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs161\">Exce<span class=\"_ _0\"></span>ptional i<span class=\"_ _0\"></span>tems are tho<span class=\"_ _0\"></span>se whic<span class=\"_ _0\"></span>h are, in aggregate, mate<span class=\"_ _0\"></span>rial in size and<span class=\"_ _0\"></span>/or unusua<span class=\"_ _0\"></span>l or infreque<span class=\"_ _0\"></span>nt in nature.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs190\">Incom<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x on the profi<span class=\"_ _0\"></span>t for the year co<span class=\"_ _0\"></span>mprise<span class=\"_ _0\"></span>s current an<span class=\"_ _0\"></span>d deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span>. Incom<span class=\"_ _0\"></span>e tax is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement e<span class=\"_ _0\"></span>xcept </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs191\">to<span class=\"_ gs1\"> </span>the ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t relates to item<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in other com<span class=\"_ _0\"></span>prehensi<span class=\"_ _0\"></span>ve income o<span class=\"_ _0\"></span>r equit<span class=\"_ _0\"></span>y as app<span class=\"_ _0\"></span>ropriate.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs192\">Current tax i<span class=\"_ _0\"></span>s the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>ax payab<span class=\"_ _0\"></span>le on the t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>ble incom<span class=\"_ _0\"></span>e for the curr<span class=\"_ _0\"></span>ent and prio<span class=\"_ _0\"></span>r years<span class=\"_ _0\"></span>, using ta<span class=\"_ _0\"></span>x rates (and ta<span class=\"_ _0\"></span>x laws) enac<span class=\"_ _0\"></span>ted </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs193\">or<span class=\"_ gs1\"> </span>subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>vely enac<span class=\"_ _0\"></span>ted at t<span class=\"_ _0\"></span>he balance s<span class=\"_ _0\"></span>heet date. T<span class=\"_ _0\"></span>he Group is sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to income t<span class=\"_ _0\"></span>ax in num<span class=\"_ _0\"></span>erous juris<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>. Esti<span class=\"_ _0\"></span>mates are requ<span class=\"_ _0\"></span>ired </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs194\">in deter<span class=\"_ _0\"></span>mining the w<span class=\"_ _0\"></span>orldw<span class=\"_ _0\"></span>ide pro<span class=\"_ _0\"></span>vision for i<span class=\"_ _0\"></span>ncome ta<span class=\"_ _0\"></span>xes. T<span class=\"_ _0\"></span>here are ma<span class=\"_ _0\"></span>ny transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and cal<span class=\"_ _0\"></span>culations fo<span class=\"_ _0\"></span>r which th<span class=\"_ _0\"></span>e ultimate t<span class=\"_ _0\"></span>ax </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs195\">deter<span class=\"_ _0\"></span>mination i<span class=\"_ _0\"></span>s uncer<span class=\"_ _0\"></span>tain b<span class=\"_ _0\"></span>ecaus<span class=\"_ _0\"></span>e it may be un<span class=\"_ _0\"></span>clear how t<span class=\"_ _0\"></span>ax law a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>s to a par<span class=\"_ _0\"></span>ticular trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r circumst<span class=\"_ _0\"></span>ance. Whe<span class=\"_ _0\"></span>re the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs196\">Group d<span class=\"_ _0\"></span>etermine<span class=\"_ _0\"></span>s that it is mo<span class=\"_ _0\"></span>re likely than not tha<span class=\"_ _0\"></span>t the ta<span class=\"_ _0\"></span>x autho<span class=\"_ _0\"></span>rities w<span class=\"_ _0\"></span>ould accept t<span class=\"_ _0\"></span>he posi<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>aken in the ta<span class=\"_ _0\"></span>x return, amo<span class=\"_ _0\"></span>unts are </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs197\">recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>n that basis<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the amou<span class=\"_ _0\"></span>nt of tax p<span class=\"_ _0\"></span>ayable or re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e is uncer<span class=\"_ _0\"></span>tain, t<span class=\"_ _0\"></span>he Group re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs198\">a liabilit<span class=\"_ _0\"></span>y or a<span class=\"_ _0\"></span>sset b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n either t<span class=\"_ _0\"></span>he Group\u2019s judgem<span class=\"_ _0\"></span>ent of the mo<span class=\"_ _0\"></span>st likely ou<span class=\"_ _0\"></span>tcome or<span class=\"_ _1\"></span>, wh<span class=\"_ _0\"></span>ere there is a w<span class=\"_ _0\"></span>ide rang<span class=\"_ _0\"></span>e of pos<span class=\"_ _0\"></span>sible </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs199\">outcom<span class=\"_ _0\"></span>es, the<span class=\"_ gs1\"> </span>e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d value.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs19a\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is provid<span class=\"_ _0\"></span>ed in full, using t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>thod, on te<span class=\"_ _0\"></span>mporar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>fferen<span class=\"_ _0\"></span>ces arising b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>e carr<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amount<span class=\"_ _0\"></span>s of ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs19b\">liabilit<span class=\"_ _0\"></span>ies for fina<span class=\"_ _0\"></span>ncial rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ting purp<span class=\"_ _0\"></span>oses a<span class=\"_ _0\"></span>nd the amo<span class=\"_ _0\"></span>unts us<span class=\"_ _0\"></span>ed for ta<span class=\"_ _0\"></span>x purp<span class=\"_ _0\"></span>oses<span class=\"_ _0\"></span>. The foll<span class=\"_ _0\"></span>owing tem<span class=\"_ _0\"></span>porar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s are not prov<span class=\"_ _0\"></span>ided </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs19c\">for: go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill not de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tible for t<span class=\"_ _0\"></span>ax pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s; the initial re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s or liabilit<span class=\"_ _0\"></span>ies that af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s neith<span class=\"_ _0\"></span>er accounting no<span class=\"_ _0\"></span>r tax<span class=\"_ _0\"></span>able </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs19d\">profit<span class=\"_ _0\"></span>; and dif<span class=\"_ _0\"></span>ferences re<span class=\"_ _0\"></span>lating to inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in subsid<span class=\"_ _0\"></span>iaries e<span class=\"_ _0\"></span>xcept to the ex<span class=\"_ _0\"></span>tent tha<span class=\"_ _0\"></span>t they will p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>y rever<span class=\"_ _0\"></span>se in the fore<span class=\"_ _0\"></span>seea<span class=\"_ _0\"></span>ble </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs19e\">future. Th<span class=\"_ _0\"></span>e amount of de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>ax prov<span class=\"_ _0\"></span>ided is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted mann<span class=\"_ _0\"></span>er of realis<span class=\"_ _0\"></span>ation or s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>lement of t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amount of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs19f\">ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es, using t<span class=\"_ _0\"></span>ax rate<span class=\"_ _0\"></span>s enac<span class=\"_ _0\"></span>ted or subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>vely ena<span class=\"_ _0\"></span>cted a<span class=\"_ _0\"></span>t the balan<span class=\"_ _0\"></span>ce sheet da<span class=\"_ _0\"></span>te.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a0\">A defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et is recog<span class=\"_ _0\"></span>nised onl<span class=\"_ _0\"></span>y to the ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t is probab<span class=\"_ _0\"></span>le, within a re<span class=\"_ _0\"></span>asonab<span class=\"_ _0\"></span>le time fram<span class=\"_ _0\"></span>e (ty<span class=\"_ _0\"></span>picall<span class=\"_ _0\"></span>y a peri<span class=\"_ _0\"></span>od of up to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a1\">five yea<span class=\"_ _0\"></span>rs), that future ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profit<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e available a<span class=\"_ _0\"></span>gainst w<span class=\"_ _0\"></span>hich the as<span class=\"_ _0\"></span>set c<span class=\"_ _0\"></span>an be utili<span class=\"_ _0\"></span>sed. T<span class=\"_ _0\"></span>he proba<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent takes into </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a2\">account the l<span class=\"_ _0\"></span>egislat<span class=\"_ _0\"></span>ion in each ju<span class=\"_ _0\"></span>risdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, including any re<span class=\"_ _0\"></span>stric<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons in place, on a com<span class=\"_ _0\"></span>pany by company b<span class=\"_ _0\"></span>asis, inclu<span class=\"_ _0\"></span>ding consid<span class=\"_ _0\"></span>eration </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a3\">of the ab<span class=\"_ _0\"></span>ility to re<span class=\"_ _0\"></span>lieve lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>ween Gr<span class=\"_ _0\"></span>oup compan<span class=\"_ _0\"></span>ies in the s<span class=\"_ _0\"></span>ame count<span class=\"_ _0\"></span>ry a<span class=\"_ _0\"></span>nd jurisdi<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on. The av<span class=\"_ _0\"></span>ailabilit<span class=\"_ _0\"></span>y of ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e tempo<span class=\"_ _0\"></span>rar<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a4\">dif<span class=\"_ _0\"></span>ferences (<span class=\"_ _0\"></span>i.e. deferred t<span class=\"_ _0\"></span>ax liab<span class=\"_ _0\"></span>ilities) relat<span class=\"_ _0\"></span>ing to the sa<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x jurisdi<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on and comp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>, whic<span class=\"_ _0\"></span>h are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to rever<span class=\"_ _0\"></span>se over a sim<span class=\"_ _0\"></span>ilar </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a5\">time fram<span class=\"_ _0\"></span>e, is also ta<span class=\"_ _0\"></span>ken into account when as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sing the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on of any defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et. Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets are re<span class=\"_ _0\"></span>duced to th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a6\">ex<span class=\"_ _0\"></span>tent that it is n<span class=\"_ _0\"></span>o longe<span class=\"_ _0\"></span>r probab<span class=\"_ _0\"></span>le that the r<span class=\"_ _0\"></span>elated ta<span class=\"_ _0\"></span>x ben<span class=\"_ _0\"></span>efit will b<span class=\"_ _0\"></span>e realis<span class=\"_ _0\"></span>ed. The a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment ov<span class=\"_ _0\"></span>er the recov<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y of defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a7\">ass<span class=\"_ _0\"></span>ets i<span class=\"_ _0\"></span>s reviewe<span class=\"_ _0\"></span>d at each re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ting date. W<span class=\"_ _0\"></span>here for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-l<span class=\"_ _0\"></span>ooking fo<span class=\"_ _0\"></span>recas<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re used to as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the reco<span class=\"_ _0\"></span>gnitio<span class=\"_ _0\"></span>n of a deferre<span class=\"_ _0\"></span>d tax b<span class=\"_ _0\"></span>alance, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a8\">forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>ose us<span class=\"_ _0\"></span>ed for other a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin the A<span class=\"_ _0\"></span>nnual Repo<span class=\"_ _0\"></span>rt (<span class=\"_ _0\"></span>including g<span class=\"_ _0\"></span>oing concer<span class=\"_ _0\"></span>n, impairm<span class=\"_ _0\"></span>ent and via<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y) </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1a9\">are use<span class=\"_ _0\"></span>d, but dis<span class=\"_ _0\"></span>aggreg<span class=\"_ _0\"></span>ated to a level a<span class=\"_ _0\"></span>ppropr<span class=\"_ _0\"></span>iate for ta<span class=\"_ _0\"></span>x to be ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed, eith<span class=\"_ _0\"></span>er by company o<span class=\"_ _0\"></span>r by tax ju<span class=\"_ _0\"></span>risdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1aa\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liabiliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fset w<span class=\"_ _0\"></span>here the<span class=\"_ _0\"></span>re is a lega<span class=\"_ _0\"></span>lly enforceabl<span class=\"_ _0\"></span>e right to of<span class=\"_ _0\"></span>fset c<span class=\"_ _0\"></span>urrent ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1ab\">and wh<span class=\"_ _0\"></span>ere the de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>ax balan<span class=\"_ _0\"></span>ces relate to th<span class=\"_ _0\"></span>e same t<span class=\"_ _0\"></span>axat<span class=\"_ _0\"></span>ion auth<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Current ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd ta<span class=\"_ _0\"></span>x liabiliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fset w<span class=\"_ _0\"></span>here </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1ac\">the enti<span class=\"_ _0\"></span>ty has a l<span class=\"_ _0\"></span>egally e<span class=\"_ _0\"></span>nforceable r<span class=\"_ _0\"></span>ight to off<span class=\"_ _0\"></span>set and inte<span class=\"_ _0\"></span>nds eith<span class=\"_ _0\"></span>er to set<span class=\"_ _0\"></span>tle on a n<span class=\"_ _0\"></span>et basis, o<span class=\"_ _0\"></span>r to realise th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t and set<span class=\"_ _0\"></span>tle th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls86 wsba gs1ad\">liabilit<span class=\"_ _0\"></span>y<span class=\"_ gs1\"> </span>simultaneo<span class=\"_ _0\"></span>usly<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls42 ws3e gs1e9\">Owned assets<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1ea\">All ow<span class=\"_ _0\"></span>ned ite<span class=\"_ _0\"></span>ms of prope<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>y, plant and equipm<span class=\"_ _0\"></span>ent are st<span class=\"_ _0\"></span>ated at his<span class=\"_ _0\"></span>toric<span class=\"_ _0\"></span>al cost l<span class=\"_ _0\"></span>ess accumu<span class=\"_ _0\"></span>lated de<span class=\"_ _0\"></span>preciati<span class=\"_ _0\"></span>on and prov<span class=\"_ _0\"></span>ision for im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1eb\">The co<span class=\"_ _0\"></span>st of se<span class=\"_ _0\"></span>lf-con<span class=\"_ _0\"></span>struc<span class=\"_ _0\"></span>ted as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>es the co<span class=\"_ _0\"></span>st of materia<span class=\"_ _0\"></span>ls, direc<span class=\"_ _0\"></span>t lab<span class=\"_ _0\"></span>our and an ap<span class=\"_ _0\"></span>propria<span class=\"_ _0\"></span>te propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of overh<span class=\"_ _0\"></span>eads.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1ec\">Subse<span class=\"_ _0\"></span>quent cos<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount or reco<span class=\"_ _0\"></span>gnised a<span class=\"_ _0\"></span>s a sepa<span class=\"_ _0\"></span>rate asse<span class=\"_ _0\"></span>t, as app<span class=\"_ _0\"></span>ropriate, onl<span class=\"_ _0\"></span>y when it is p<span class=\"_ _0\"></span>robab<span class=\"_ _0\"></span>le </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1ed\">that future e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c benef<span class=\"_ _0\"></span>its a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the item w<span class=\"_ _0\"></span>ill flow to th<span class=\"_ _0\"></span>e Group and th<span class=\"_ _0\"></span>e cost of th<span class=\"_ _0\"></span>e item can b<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d reliabl<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. All ot<span class=\"_ _0\"></span>her </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1ee\">repair<span class=\"_ _0\"></span>s and mainte<span class=\"_ _0\"></span>nance cost<span class=\"_ _0\"></span>s are charg<span class=\"_ _0\"></span>ed to the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>atement du<span class=\"_ _0\"></span>ring the fina<span class=\"_ _0\"></span>ncial year in w<span class=\"_ _0\"></span>hich they a<span class=\"_ _0\"></span>re incurred<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1ef\">Borr<span class=\"_ _0\"></span>owing cos<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>lating to the cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of qualif<span class=\"_ _0\"></span>ying pro<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, plant an<span class=\"_ _0\"></span>d equipm<span class=\"_ _0\"></span>ent are cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed, at the a<span class=\"_ _0\"></span>ctual co<span class=\"_ _0\"></span>st incur<span class=\"_ _0\"></span>red whe<span class=\"_ _0\"></span>re </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1f0\">the fund<span class=\"_ _0\"></span>s are borro<span class=\"_ _0\"></span>wed sp<span class=\"_ _0\"></span>ecific<span class=\"_ _0\"></span>ally to fund t<span class=\"_ _0\"></span>he constr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t. All oth<span class=\"_ _0\"></span>er finance cos<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re exp<span class=\"_ _0\"></span>ensed a<span class=\"_ _0\"></span>s incurred.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls17 ws14 gs1f1\">Depreciation<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1f2\">Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n is charge<span class=\"_ _0\"></span>d to the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment on a s<span class=\"_ _0\"></span>traight line ba<span class=\"_ _0\"></span>sis over the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d useful e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c lives as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws19e gs1f3\">Building<span class=\"_ _0\"></span>s <span class=\"_ _1ef\"></span>   25<span class=\"_ _0\"></span>\u201350 <span class=\"_ _1f0\"></span>year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1f4\">Plant and m<span class=\"_ _0\"></span>achiner<span class=\"_ _0\"></span>y  <span class=\"_ _db\"> </span> <span class=\"_ _124\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>\u201330 ye<span class=\"_ _0\"></span>ars<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1f5\">Fix<span class=\"_ _0\"></span>tures<span class=\"_ _0\"></span>, fitt<span class=\"_ _0\"></span>ings, too<span class=\"_ _0\"></span>ls and equip<span class=\"_ _0\"></span>ment <span class=\"_ _5b\"> </span>5<span class=\"_ _0\"></span>\u20131<span class=\"_ _1\"></span>0 year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1f6\">Computer<span class=\"_ _0\"></span>s and motor ve<span class=\"_ _0\"></span>hicles <span class=\"_ _0\"></span> <span class=\"_ _124\"> </span>2\u20135 year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1f7\">Freeh<span class=\"_ _0\"></span>old land is n<span class=\"_ _0\"></span>ot depre<span class=\"_ _0\"></span>ciated.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs1f8\">The re<span class=\"_ _0\"></span>sidual valu<span class=\"_ _0\"></span>es and us<span class=\"_ _0\"></span>eful lives of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d annually for conti<span class=\"_ _0\"></span>nued app<span class=\"_ _0\"></span>ropriaten<span class=\"_ _0\"></span>ess an<span class=\"_ _0\"></span>d indicat<span class=\"_ _0\"></span>ions of imp<span class=\"_ _0\"></span>airment an<span class=\"_ _0\"></span>d adjuste<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7e ws76 gs1f9\">if<span class=\"_ gs1\"> </span>appropriate<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs1fa\">Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n on ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s classif<span class=\"_ _0\"></span>ied as in th<span class=\"_ _0\"></span>e cours<span class=\"_ _0\"></span>e of constr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion comm<span class=\"_ _0\"></span>ences wh<span class=\"_ _0\"></span>en the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y for their inten<span class=\"_ _0\"></span>ded us<span class=\"_ _0\"></span>e and trans<span class=\"_ _0\"></span>ferred<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs1fb\">from as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion into the re<span class=\"_ _0\"></span>levant as<span class=\"_ _0\"></span>set ca<span class=\"_ _0\"></span>tegor<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs1fc\">Profi<span class=\"_ _0\"></span>ts and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>osal<span class=\"_ _0\"></span>s are deter<span class=\"_ _0\"></span>mined by comp<span class=\"_ _0\"></span>aring pro<span class=\"_ _0\"></span>ceeds w<span class=\"_ _0\"></span>ith the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount. T<span class=\"_ _0\"></span>hese are in<span class=\"_ _0\"></span>cluded in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs1fe\">Rig<span class=\"_ _0\"></span>ht of us<span class=\"_ _0\"></span>e (\u2018<span class=\"_ _0\"></span>ROU<span class=\"_ _0\"></span>\u2019) a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1ff\">At inceptio<span class=\"_ _0\"></span>n of a contrac<span class=\"_ _0\"></span>t, the G<span class=\"_ _0\"></span>roup ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>ther a contra<span class=\"_ _0\"></span>ct is, o<span class=\"_ _0\"></span>r contains<span class=\"_ _0\"></span>, a lease. A contra<span class=\"_ _0\"></span>ct is<span class=\"_ _0\"></span>, or contains<span class=\"_ _0\"></span>, a leas<span class=\"_ _0\"></span>e if the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs200\">contrac<span class=\"_ _0\"></span>t convey<span class=\"_ _0\"></span>s the right to cont<span class=\"_ _0\"></span>rol the us<span class=\"_ _0\"></span>e of an identi<span class=\"_ _0\"></span>fied as<span class=\"_ _0\"></span>set for a p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of time in excha<span class=\"_ _0\"></span>nge for consi<span class=\"_ _0\"></span>deratio<span class=\"_ _0\"></span>n. Leas<span class=\"_ _0\"></span>es are </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs201\">recog<span class=\"_ _0\"></span>nised as a R<span class=\"_ _0\"></span>OU as<span class=\"_ _0\"></span>set and a cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding lea<span class=\"_ _0\"></span>se liabili<span class=\"_ _0\"></span>ty at t<span class=\"_ _0\"></span>he date at whi<span class=\"_ _0\"></span>ch the leas<span class=\"_ _0\"></span>ed as<span class=\"_ _0\"></span>set is availa<span class=\"_ _0\"></span>ble for use b<span class=\"_ _0\"></span>y the Group.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs202\">At the leas<span class=\"_ _0\"></span>e comme<span class=\"_ _0\"></span>ncement date a R<span class=\"_ _0\"></span>OU ass<span class=\"_ _0\"></span>et is mea<span class=\"_ _0\"></span>sured at cos<span class=\"_ _0\"></span>t comprisi<span class=\"_ _0\"></span>ng the follow<span class=\"_ _0\"></span>ing: the amo<span class=\"_ _0\"></span>unt of the initia<span class=\"_ _0\"></span>l measurem<span class=\"_ _0\"></span>ent of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs203\">the le<span class=\"_ _0\"></span>ase liabi<span class=\"_ _0\"></span>lity<span class=\"_ _0\"></span>; any leas<span class=\"_ _0\"></span>e payment<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e at or befo<span class=\"_ _0\"></span>re the comme<span class=\"_ _0\"></span>ncement da<span class=\"_ _0\"></span>te less a<span class=\"_ _0\"></span>ny lease ince<span class=\"_ _0\"></span>ntives re<span class=\"_ _0\"></span>ceived; any init<span class=\"_ _0\"></span>ial direc<span class=\"_ _0\"></span>t </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs204\">cost<span class=\"_ _0\"></span>s; and res<span class=\"_ _0\"></span>toratio<span class=\"_ _0\"></span>n cost<span class=\"_ _0\"></span>s to return th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t to its or<span class=\"_ _0\"></span>iginal cond<span class=\"_ _0\"></span>ition.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs205\">The R<span class=\"_ _0\"></span>OU ass<span class=\"_ _0\"></span>et is de<span class=\"_ _0\"></span>preciate<span class=\"_ _0\"></span>d over the sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ter of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s useful econ<span class=\"_ _0\"></span>omic life and t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e term on a s<span class=\"_ _0\"></span>traight line b<span class=\"_ _0\"></span>asis. If o<span class=\"_ _0\"></span>wner<span class=\"_ _0\"></span>ship </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs206\">of the RO<span class=\"_ _0\"></span>U ass<span class=\"_ _0\"></span>et transfer<span class=\"_ _0\"></span>s to the Gro<span class=\"_ _0\"></span>up at the end of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e term or th<span class=\"_ _0\"></span>e cost ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he exercis<span class=\"_ _0\"></span>e of a purchase o<span class=\"_ _0\"></span>ption, d<span class=\"_ _0\"></span>epreci<span class=\"_ _0\"></span>ation </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs207\">is cal<span class=\"_ _0\"></span>culated using t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated use<span class=\"_ _0\"></span>ful econo<span class=\"_ _0\"></span>mic life of the as<span class=\"_ _0\"></span>set. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs208\">Contract<span class=\"_ _0\"></span>s may cont<span class=\"_ _0\"></span>ain both l<span class=\"_ _0\"></span>ease and n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e compo<span class=\"_ _0\"></span>nent<span class=\"_ _0\"></span>s. The Compa<span class=\"_ _0\"></span>ny alloc<span class=\"_ _0\"></span>ates the cons<span class=\"_ _0\"></span>iderati<span class=\"_ _0\"></span>on in the contra<span class=\"_ _0\"></span>ct to th<span class=\"_ _0\"></span>e lease a<span class=\"_ _0\"></span>nd </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs209\">non<span class=\"_ _0\"></span>-le<span class=\"_ _0\"></span>ase comp<span class=\"_ _0\"></span>onent<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>ed on the<span class=\"_ _0\"></span>ir relative s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>-al<span class=\"_ _0\"></span>one pri<span class=\"_ _0\"></span>ces. Ho<span class=\"_ _0\"></span>wever<span class=\"_ _1\"></span>, for le<span class=\"_ _0\"></span>ases of ret<span class=\"_ _0\"></span>ail es<span class=\"_ _0\"></span>tate for w<span class=\"_ _0\"></span>hich the Company is a l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ee </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs20a\">and for wh<span class=\"_ _0\"></span>ich it has maj<span class=\"_ _0\"></span>or leas<span class=\"_ _0\"></span>es, it has e<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ted not to s<span class=\"_ _0\"></span>eparate le<span class=\"_ _0\"></span>ase and no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d instead a<span class=\"_ _0\"></span>ccounts for th<span class=\"_ _0\"></span>ese as a </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs20b\">single lease component<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls15 ws13 gs256\">Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs257\">Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll arising on t<span class=\"_ _0\"></span>he acquisit<span class=\"_ _0\"></span>ion of busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s is allo<span class=\"_ _0\"></span>cated, at a<span class=\"_ _0\"></span>cquisitio<span class=\"_ _0\"></span>n, to the cash<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gene<span class=\"_ _0\"></span>rating unit<span class=\"_ _0\"></span>s (\u2018C<span class=\"_ _2\"></span>GUs\u2019<span class=\"_ _0\"></span>) that are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs258\">benefit from tha<span class=\"_ _1\"></span>t business combination.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs259\">Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any accu<span class=\"_ _0\"></span>mulated impa<span class=\"_ _0\"></span>irment lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. Go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but i<span class=\"_ _0\"></span>s tested a<span class=\"_ _0\"></span>nnually for imp<span class=\"_ _0\"></span>airment. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs25a\">Any imp<span class=\"_ _0\"></span>airment pro<span class=\"_ _0\"></span>visions t<span class=\"_ _0\"></span>hat arose d<span class=\"_ _0\"></span>uring impa<span class=\"_ _0\"></span>irment tes<span class=\"_ _0\"></span>ting woul<span class=\"_ _0\"></span>d not be reve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs25b\">In res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t of acquis<span class=\"_ _0\"></span>itions pr<span class=\"_ _0\"></span>ior to 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 200<span class=\"_ _0\"></span>4, go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is includ<span class=\"_ _0\"></span>ed on the b<span class=\"_ _0\"></span>asis of it<span class=\"_ _0\"></span>s dee<span class=\"_ _0\"></span>med cos<span class=\"_ _0\"></span>t, whi<span class=\"_ _0\"></span>ch repres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he net </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs25c\">amount re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d previo<span class=\"_ _0\"></span>usly und<span class=\"_ _0\"></span>er UK GA<span class=\"_ _6\"></span>AP<span class=\"_ _2\"></span>. I<span class=\"_ _0\"></span>n respe<span class=\"_ _0\"></span>ct of a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>ons that have occur<span class=\"_ _0\"></span>red since 1 O<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>04, g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will rep<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs25d\">the dif<span class=\"_ _0\"></span>ference b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he cost of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion and th<span class=\"_ _0\"></span>e fair value of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>nd continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es acquire<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs25e\">Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is teste<span class=\"_ _0\"></span>d annually for imp<span class=\"_ _0\"></span>airment by re<span class=\"_ _0\"></span>ference to the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d future cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s of the relev<span class=\"_ _0\"></span>ant C<span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>U, discounted to th<span class=\"_ _0\"></span>eir </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs25f\">pres<span class=\"_ _0\"></span>ent value using r<span class=\"_ _0\"></span>isk<span class=\"_ _1\"></span>-a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d discount fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s to give it<span class=\"_ _0\"></span>s value in use. A CGU is the smalles<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>ntifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t group that g<span class=\"_ _0\"></span>enerates </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs260\">cash f<span class=\"_ _0\"></span>lows t<span class=\"_ _0\"></span>hat are large<span class=\"_ _0\"></span>ly inde<span class=\"_ _0\"></span>pende<span class=\"_ _0\"></span>nt from other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and gro<span class=\"_ _0\"></span>ups.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs261\">Imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>f the car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing amount of t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>GU to whic<span class=\"_ _0\"></span>h good<span class=\"_ _0\"></span>will has b<span class=\"_ _0\"></span>een all<span class=\"_ _0\"></span>ocate<span class=\"_ _0\"></span>d exceed<span class=\"_ _0\"></span>s its re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs262\">value (the hi<span class=\"_ _0\"></span>gher of value i<span class=\"_ _0\"></span>n use and fair valu<span class=\"_ _0\"></span>e less co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s to sell) a<span class=\"_ _0\"></span>nd are recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs263\">Other intangible assets<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs264\">Ot<span class=\"_ _0\"></span>her intang<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are st<span class=\"_ _0\"></span>ated at cos<span class=\"_ _0\"></span>t les<span class=\"_ _0\"></span>s accumulated am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion and any prov<span class=\"_ _0\"></span>isions for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent. The co<span class=\"_ _0\"></span>st of an inter<span class=\"_ _0\"></span>nally </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs265\">gene<span class=\"_ _0\"></span>rated intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s all direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>utabl<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s nece<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y to create, produce, and p<span class=\"_ _0\"></span>repare the a<span class=\"_ _0\"></span>sset to b<span class=\"_ _0\"></span>e capa<span class=\"_ _0\"></span>ble of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs266\">ope<span class=\"_ _0\"></span>rating in the ma<span class=\"_ _0\"></span>nner intend<span class=\"_ _0\"></span>ed by manag<span class=\"_ _0\"></span>ement. T<span class=\"_ _0\"></span>he cost of int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets acq<span class=\"_ _0\"></span>uired in a mater<span class=\"_ _0\"></span>ial busines<span class=\"_ _0\"></span>s combina<span class=\"_ _0\"></span>tion is th<span class=\"_ _0\"></span>e fair </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs267\">value as at t<span class=\"_ _0\"></span>he date of acqui<span class=\"_ _0\"></span>sition. O<span class=\"_ _0\"></span>ther int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are a<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>sed for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent only w<span class=\"_ _0\"></span>hen there i<span class=\"_ _0\"></span>s an indica<span class=\"_ _0\"></span>tion that t<span class=\"_ _0\"></span>hey might </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs268\">be imp<span class=\"_ _0\"></span>aired. T<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated use<span class=\"_ _0\"></span>ful econo<span class=\"_ _0\"></span>mic life and am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisati<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od are rev<span class=\"_ _0\"></span>iewed at t<span class=\"_ _0\"></span>he end of eac<span class=\"_ _0\"></span>h repor<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, with th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs269\">ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any changes in e<span class=\"_ _0\"></span>stimate b<span class=\"_ _0\"></span>eing accounte<span class=\"_ _0\"></span>d for on a pros<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive b<span class=\"_ _0\"></span>asis.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs26a\">Inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s not yet re<span class=\"_ _0\"></span>ady for us<span class=\"_ _0\"></span>e are not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but a<span class=\"_ _0\"></span>re subjec<span class=\"_ _0\"></span>t to annual im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt review<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 lsc wsa gs26b\">Amortisation<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs26c\">Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on is charge<span class=\"_ _0\"></span>d to sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>es in the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt over the es<span class=\"_ _0\"></span>timated us<span class=\"_ _0\"></span>eful eco<span class=\"_ _0\"></span>nomic </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls8 ws6 gs26d\">lives<span class=\"_ _1\"></span> as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs26e\">Computer sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware   <span class=\"_ _124\"> </span>3\u20137 years s<span class=\"_ _0\"></span>traight line<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs26f\">C<span class=\"_ _1\"></span>ustomer relationships <span class=\"_ _e9\"> </span>10<span class=\"_ _1\"></span> years sy<span class=\"_ _0\"></span>stematic<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs270\">Brand nam<span class=\"_ _0\"></span>e <span class=\"_ _42\"> </span> <span class=\"_ _124\"> </span>5 years s<span class=\"_ _0\"></span>yste<span class=\"_ _0\"></span>matic<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1a ws1d gs271\">Know-<span class=\"_ _0\"></span>how <span class=\"_ _d3\"> </span> <span class=\"_ _13a\"> </span>1<span class=\"_ _1\"></span>0 years s<span class=\"_ _0\"></span>traight<span class=\"_ _1\"></span> line<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs272\">Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on on as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s classi<span class=\"_ _0\"></span>fied as in t<span class=\"_ _0\"></span>he cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion comm<span class=\"_ _0\"></span>ences w<span class=\"_ _0\"></span>hen the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y for their inte<span class=\"_ _0\"></span>nded us<span class=\"_ _0\"></span>e, the point </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs273\">at whic<span class=\"_ _0\"></span>h they are re<span class=\"_ _0\"></span>classif<span class=\"_ _0\"></span>ied from a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in cour<span class=\"_ _0\"></span>se of cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tion, o<span class=\"_ _0\"></span>n the sa<span class=\"_ _0\"></span>me basis as ot<span class=\"_ _0\"></span>her as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of that clas<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls17 ws14 gs2af\">Research &amp;<span class=\"_ _1\"></span> Devel<span class=\"_ _1\"></span>opment<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b0\">Ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture on res<span class=\"_ _0\"></span>earch ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span>, under<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken with the pro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct of ga<span class=\"_ _0\"></span>ining new sc<span class=\"_ _0\"></span>ientifi<span class=\"_ _0\"></span>c or technic<span class=\"_ _0\"></span>al know<span class=\"_ _0\"></span>ledg<span class=\"_ _0\"></span>e and und<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>tanding<span class=\"_ _0\"></span>, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b1\">is reco<span class=\"_ _0\"></span>gnised w<span class=\"_ _0\"></span>ithin the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt as an exp<span class=\"_ _0\"></span>ense as i<span class=\"_ _0\"></span>ncurred.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b2\">Devel<span class=\"_ _0\"></span>opme<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>enditure is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense as incu<span class=\"_ _0\"></span>rred unle<span class=\"_ _0\"></span>ss it me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s all the cri<span class=\"_ _0\"></span>teria to be </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b3\">cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed unde<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 38 \u2013 Int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding technic<span class=\"_ _0\"></span>al feasib<span class=\"_ _0\"></span>ility of co<span class=\"_ _0\"></span>mplet<span class=\"_ _0\"></span>ing the as<span class=\"_ _0\"></span>set, intent<span class=\"_ _0\"></span>ion to compl<span class=\"_ _0\"></span>ete, probab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b4\">of future e<span class=\"_ _0\"></span>conomic b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts, t<span class=\"_ _0\"></span>he availabili<span class=\"_ _0\"></span>ty of re<span class=\"_ _0\"></span>sources to com<span class=\"_ _0\"></span>plete and t<span class=\"_ _0\"></span>he abilit<span class=\"_ _0\"></span>y to relia<span class=\"_ _0\"></span>bly mea<span class=\"_ _0\"></span>sure exp<span class=\"_ _0\"></span>enditure at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>buted to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs1fc\">the<span class=\"_ gs1\"> </span>development.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs2b6\">Basis of consolida<span class=\"_ _1\"></span>tion<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsa ws8 gs2b7\">Subsidiaries<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b8\">Subsidi<span class=\"_ _0\"></span>aries are e<span class=\"_ _0\"></span>ntitie<span class=\"_ _0\"></span>s controlle<span class=\"_ _0\"></span>d by the Group. T<span class=\"_ _0\"></span>he Group co<span class=\"_ _0\"></span>ntrols an enti<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>hen it is e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed to, or has rig<span class=\"_ _0\"></span>hts to, variab<span class=\"_ _0\"></span>le returns </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b9\">from it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>ment wit<span class=\"_ _0\"></span>h the inves<span class=\"_ _0\"></span>tee and c<span class=\"_ _0\"></span>an affe<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>ose retu<span class=\"_ _0\"></span>rns through i<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>ower over th<span class=\"_ _0\"></span>e investe<span class=\"_ _0\"></span>e. This can b<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>mined eit<span class=\"_ _0\"></span>her by </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ba\">the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s ow<span class=\"_ _0\"></span>ners<span class=\"_ _0\"></span>hip percent<span class=\"_ _0\"></span>age, or by th<span class=\"_ _0\"></span>e terms of the sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>er agre<span class=\"_ _0\"></span>ement. W<span class=\"_ _0\"></span>here the<span class=\"_ _0\"></span>re is dee<span class=\"_ _0\"></span>med to be a<span class=\"_ _0\"></span>n abilit<span class=\"_ _0\"></span>y to affe<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2bb\">return, inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nts are cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d from the da<span class=\"_ _0\"></span>te that abilit<span class=\"_ _0\"></span>y comm<span class=\"_ _0\"></span>ences until t<span class=\"_ _0\"></span>he date that it cea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2bc\">The a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od is use<span class=\"_ _0\"></span>d to account for busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>inations<span class=\"_ _0\"></span>. Goo<span class=\"_ _0\"></span>dwill re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the acquisi<span class=\"_ _0\"></span>tion date </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2bd\">fair value of th<span class=\"_ _0\"></span>e conside<span class=\"_ _0\"></span>ration trans<span class=\"_ _0\"></span>ferred, t<span class=\"_ _0\"></span>he amount of any n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he acquire<span class=\"_ _0\"></span>e and the net of t<span class=\"_ _0\"></span>he acquisi<span class=\"_ _0\"></span>tion date </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2be\">fair values o<span class=\"_ _0\"></span>f the ident<span class=\"_ _0\"></span>ifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts acqu<span class=\"_ _0\"></span>ired, includi<span class=\"_ _0\"></span>ng intangib<span class=\"_ _0\"></span>les, an<span class=\"_ _0\"></span>d liabiliti<span class=\"_ _0\"></span>es assum<span class=\"_ _0\"></span>ed, includ<span class=\"_ _0\"></span>ing continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es as requ<span class=\"_ _0\"></span>ired by </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2bf\">IF<span class=\"_ _0\"></span>RS 3. If t<span class=\"_ _0\"></span>his dif<span class=\"_ _0\"></span>ference is ne<span class=\"_ _0\"></span>gative, the am<span class=\"_ _0\"></span>ount is reco<span class=\"_ _0\"></span>gnised d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly in the Cons<span class=\"_ _0\"></span>olidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2c0\">A non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling inter<span class=\"_ _0\"></span>est is th<span class=\"_ _0\"></span>e propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of net as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of the sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y entit<span class=\"_ _0\"></span>y ow<span class=\"_ _0\"></span>ned by share<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>ers ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal to the Group. T<span class=\"_ _0\"></span>he value </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2c1\">of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling inte<span class=\"_ _0\"></span>rest<span class=\"_ _0\"></span>s at the acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n date is measure<span class=\"_ _0\"></span>d as the no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts\u2019 pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nate share of net a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s of the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2c2\">acquire<span class=\"_ _0\"></span>e or at fair value. T<span class=\"_ _0\"></span>he choice of m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent basis is d<span class=\"_ _0\"></span>etermine<span class=\"_ _0\"></span>d on an acquis<span class=\"_ _0\"></span>ition<span class=\"_ _0\"></span>-by<span class=\"_ _0\"></span>-acquis<span class=\"_ _0\"></span>ition b<span class=\"_ _0\"></span>asis as pe<span class=\"_ _0\"></span>rmit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 3. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2c3\">Financia<span class=\"_ _0\"></span>l deriv<span class=\"_ _0\"></span>atives in p<span class=\"_ _0\"></span>lace over the r<span class=\"_ _0\"></span>emaining equ<span class=\"_ _0\"></span>ity of a<span class=\"_ _0\"></span>n entit<span class=\"_ _0\"></span>y are taken into account w<span class=\"_ _0\"></span>hen cal<span class=\"_ _0\"></span>culating th<span class=\"_ _0\"></span>e propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ionate share of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs2c4\">the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling intere<span class=\"_ _0\"></span>st.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2c5\">Any contin<span class=\"_ _0\"></span>gent consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n is measure<span class=\"_ _0\"></span>d at fair value at the d<span class=\"_ _0\"></span>ate of acquisit<span class=\"_ _0\"></span>ion. Subs<span class=\"_ _0\"></span>equent cha<span class=\"_ _0\"></span>nges to the fair v<span class=\"_ _0\"></span>alue of conting<span class=\"_ _0\"></span>ent </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2c6\">consid<span class=\"_ _0\"></span>eration ar<span class=\"_ _0\"></span>e recognis<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2c8\">Cost<span class=\"_ _0\"></span>s related to the a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>on, other than t<span class=\"_ _0\"></span>hose a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the issu<span class=\"_ _0\"></span>e of debt<span class=\"_ _0\"></span>, that the Gro<span class=\"_ _0\"></span>up incurs i<span class=\"_ _0\"></span>n connec<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>ith a </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2c9\">busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>ination are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nsed as in<span class=\"_ _0\"></span>curred.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ca\">No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>controlli<span class=\"_ _0\"></span>ng interest<span class=\"_ _0\"></span>s in the n<span class=\"_ _0\"></span>et ass<span class=\"_ _0\"></span>ets of co<span class=\"_ _0\"></span>nsolida<span class=\"_ _0\"></span>ted subsid<span class=\"_ _0\"></span>iaries ar<span class=\"_ _0\"></span>e disting<span class=\"_ _0\"></span>uished fro<span class=\"_ _0\"></span>m the equit<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>tribu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e to holde<span class=\"_ _0\"></span>rs of the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2cb\">Parent. T<span class=\"_ _0\"></span>he value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s the value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contr<span class=\"_ _0\"></span>olling interes<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n the date contro<span class=\"_ _0\"></span>l commen<span class=\"_ _0\"></span>ces adjus<span class=\"_ _0\"></span>ted </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2cc\">for the no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts\u2019 shar<span class=\"_ _0\"></span>e of any subseq<span class=\"_ _0\"></span>uent chang<span class=\"_ _0\"></span>es in equit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs2cd\">Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>ries </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ce\">Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in subsi<span class=\"_ _0\"></span>diaries a<span class=\"_ _0\"></span>re state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt in the value of th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs2cf\">Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>king<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d0\">An as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate is an entit<span class=\"_ _0\"></span>y over w<span class=\"_ _0\"></span>hich the Gro<span class=\"_ _0\"></span>up has signif<span class=\"_ _0\"></span>icant influ<span class=\"_ _0\"></span>ence and that i<span class=\"_ _0\"></span>s neithe<span class=\"_ _0\"></span>r a subsidiar<span class=\"_ _0\"></span>y no<span class=\"_ _0\"></span>r an interes<span class=\"_ _0\"></span>t in a joint </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d1\">arrang<span class=\"_ _0\"></span>ement. Si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant influence is t<span class=\"_ _0\"></span>he powe<span class=\"_ _0\"></span>r to par<span class=\"_ _0\"></span>ticipate in t<span class=\"_ _0\"></span>he financia<span class=\"_ _0\"></span>l and ope<span class=\"_ _0\"></span>rating pol<span class=\"_ _0\"></span>icy d<span class=\"_ _0\"></span>ecisi<span class=\"_ _0\"></span>ons of the inves<span class=\"_ _0\"></span>tee bu<span class=\"_ _0\"></span>t where </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d2\">the Grou<span class=\"_ _0\"></span>p doe<span class=\"_ _0\"></span>s not have control o<span class=\"_ _0\"></span>r joint contro<span class=\"_ _0\"></span>l over tho<span class=\"_ _0\"></span>se poli<span class=\"_ _0\"></span>cies.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d3\">The re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies of as<span class=\"_ _0\"></span>sociate<span class=\"_ _0\"></span>s are incorp<span class=\"_ _0\"></span>orated in th<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>dated finan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s using th<span class=\"_ _0\"></span>e equit<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d4\">accounting. I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates are c<span class=\"_ _0\"></span>arri<span class=\"_ _0\"></span>ed in the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t at cost as a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d for pos<span class=\"_ _0\"></span>t-acquisiti<span class=\"_ _0\"></span>on change<span class=\"_ _0\"></span>s in the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d5\">share of the n<span class=\"_ _0\"></span>et ass<span class=\"_ _0\"></span>ets of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ociate, les<span class=\"_ _0\"></span>s any impair<span class=\"_ _0\"></span>ment in the va<span class=\"_ _0\"></span>lue of the inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>. Any go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill recognis<span class=\"_ _0\"></span>ed on acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d6\">is includ<span class=\"_ _0\"></span>ed in the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>es of the inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt. Impa<span class=\"_ _0\"></span>irment is re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d when t<span class=\"_ _0\"></span>here is obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ev<span class=\"_ _0\"></span>idence t<span class=\"_ _0\"></span>hat a loss e<span class=\"_ _0\"></span>vent </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d7\">(or events) has ar<span class=\"_ _0\"></span>isen w<span class=\"_ _0\"></span>hich adve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>ly impac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the future c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws from th<span class=\"_ _0\"></span>e net inves<span class=\"_ _0\"></span>tment and t<span class=\"_ _0\"></span>herefore pro<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>s evide<span class=\"_ _0\"></span>nce of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d8\">impair<span class=\"_ _0\"></span>ment. O<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>tive e<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>ce include<span class=\"_ _0\"></span>s obse<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>able dat<span class=\"_ _0\"></span>a abou<span class=\"_ _0\"></span>t the ass<span class=\"_ _0\"></span>ociate tha<span class=\"_ _0\"></span>t comes to th<span class=\"_ _0\"></span>e Group\u2019s attenti<span class=\"_ _0\"></span>on covering t<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2d9\">event<span class=\"_ _0\"></span>s des<span class=\"_ _0\"></span>cribe<span class=\"_ _0\"></span>d in IA<span class=\"_ _0\"></span>S 28 Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventures para<span class=\"_ _0\"></span>graphs 4<span class=\"_ _1\"></span>1A to 4<span class=\"_ _2\"></span>1C<span class=\"_ _1\"></span>. Wh<span class=\"_ _0\"></span>ere obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive evid<span class=\"_ _0\"></span>ence ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s an </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2da\">impair<span class=\"_ _0\"></span>ment tes<span class=\"_ _0\"></span>t is per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed whe<span class=\"_ _0\"></span>reby the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of the inves<span class=\"_ _0\"></span>tment is com<span class=\"_ _0\"></span>pared to th<span class=\"_ _0\"></span>e<span class=\"_ gs1\"> </span>recoverab<span class=\"_ _0\"></span>le amount (<span class=\"_ _0\"></span>higher of val<span class=\"_ _0\"></span>ue in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2db\">use and fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s cost<span class=\"_ _0\"></span>s to sell<span class=\"_ _0\"></span>).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2dc\">The G<span class=\"_ _0\"></span>roup\u2019s share of the po<span class=\"_ _0\"></span>st-ta<span class=\"_ _0\"></span>x profit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) of assoc<span class=\"_ _0\"></span>iates is includ<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement. I<span class=\"_ _0\"></span>f the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2dd\">share of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s in an ass<span class=\"_ _0\"></span>ociate equ<span class=\"_ _0\"></span>als or excee<span class=\"_ _0\"></span>ds it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ent in the as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate, the Group do<span class=\"_ _0\"></span>es not re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>e furt<span class=\"_ _0\"></span>her los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, unles<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2de\">it has incu<span class=\"_ _0\"></span>rred le<span class=\"_ _0\"></span>gal or cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tive ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _0\"></span>ns to do so or ma<span class=\"_ _0\"></span>de pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s on behal<span class=\"_ _0\"></span>f of the ass<span class=\"_ _0\"></span>ociate. Unre<span class=\"_ _0\"></span>alised ga<span class=\"_ _0\"></span>ins arising fro<span class=\"_ _0\"></span>m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2df\">trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>h asso<span class=\"_ _0\"></span>ciates are e<span class=\"_ _0\"></span>liminated to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent of the Group\u2019s interes<span class=\"_ _0\"></span>t in the entit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsa ws8 gs2e0\">Interest<span class=\"_ _0\"></span>s in joi<span class=\"_ _1\"></span>nt arrangement<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2e1\">A joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ent is a contrac<span class=\"_ _0\"></span>tual arran<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt whereby t<span class=\"_ _0\"></span>he Group and o<span class=\"_ _0\"></span>ther par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake an econom<span class=\"_ _0\"></span>ic ac<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>y that is su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2e2\">to joint contr<span class=\"_ _0\"></span>ol. Joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ents are e<span class=\"_ _0\"></span>ither j<span class=\"_ _0\"></span>oint ope<span class=\"_ _0\"></span>rations or j<span class=\"_ _0\"></span>oint ventures<span class=\"_ _0\"></span>. </div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsc wsa gs2e3\">Joint<span class=\"_ _1\"></span> operations<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2e4\">A joint o<span class=\"_ _0\"></span>peratio<span class=\"_ _0\"></span>n is a joint ar<span class=\"_ _0\"></span>rangeme<span class=\"_ _0\"></span>nt where<span class=\"_ _0\"></span>by the par<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s that have joi<span class=\"_ _0\"></span>nt control have the r<span class=\"_ _0\"></span>ights to t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets, a<span class=\"_ _0\"></span>nd obliga<span class=\"_ _0\"></span>tions for </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2e5\">the liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span>, relating to th<span class=\"_ _0\"></span>e arrange<span class=\"_ _0\"></span>ment or oth<span class=\"_ _0\"></span>er fact<span class=\"_ _0\"></span>s and circu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nces indic<span class=\"_ _0\"></span>ate that this is t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>e. The Group\u2019s share of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2e6\">liabilit<span class=\"_ _0\"></span>ies, rev<span class=\"_ _0\"></span>enue, exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>nd cash fl<span class=\"_ _0\"></span>ows are co<span class=\"_ _0\"></span>mbined w<span class=\"_ _0\"></span>ith the e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ent items in the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts on a lin<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>by-<span class=\"_ _0\"></span>line bas<span class=\"_ _0\"></span>is.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs2e7\">T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns eli<span class=\"_ _0\"></span>minate<span class=\"_ _0\"></span>d on co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>ion<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2e8\">Intrag<span class=\"_ _0\"></span>roup balance<span class=\"_ _0\"></span>s and trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions, an<span class=\"_ _0\"></span>d any unrealise<span class=\"_ _0\"></span>d gains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s or incom<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s arising from i<span class=\"_ _0\"></span>ntragroup trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs2e9\">are eliminated in p<span class=\"_ _0\"></span>reparing th<span class=\"_ _0\"></span>e consolida<span class=\"_ _0\"></span>ted financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs2ea\">Finan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld a<span class=\"_ _0\"></span>t fair value t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh pro<span class=\"_ _0\"></span>fit an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2eb\">Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at fair value thro<span class=\"_ _0\"></span>ugh profit an<span class=\"_ _0\"></span>d loss co<span class=\"_ _0\"></span>mpris<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents in un<span class=\"_ _0\"></span>quoted com<span class=\"_ _0\"></span>panies a<span class=\"_ _0\"></span>nd conver<span class=\"_ _0\"></span>tible l<span class=\"_ _0\"></span>oans mad<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ec\">to ass<span class=\"_ _0\"></span>ociated u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ings. Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents in unq<span class=\"_ _0\"></span>uoted comp<span class=\"_ _0\"></span>anies are in<span class=\"_ _0\"></span>itially c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at fair value, whe<span class=\"_ _0\"></span>re neithe<span class=\"_ _0\"></span>r control no<span class=\"_ _0\"></span>r signifi<span class=\"_ _0\"></span>cant </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ed\">influen<span class=\"_ _0\"></span>ce is held. T<span class=\"_ _0\"></span>he initial fair va<span class=\"_ _0\"></span>lue is de<span class=\"_ _0\"></span>emed to b<span class=\"_ _0\"></span>e cost wh<span class=\"_ _0\"></span>ere trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are at ar<span class=\"_ _0\"></span>m\u2019<span class=\"_ _1\"></span>s le<span class=\"_ _0\"></span>ngth. Th<span class=\"_ _0\"></span>ey are reme<span class=\"_ _0\"></span>asured at sub<span class=\"_ _0\"></span>seque<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ee\">repo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing dates to fair valu<span class=\"_ _0\"></span>e with any chang<span class=\"_ _0\"></span>es reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>tly in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ef\">Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts that a<span class=\"_ _0\"></span>re compoun<span class=\"_ _0\"></span>d financial ins<span class=\"_ _0\"></span>trum<span class=\"_ _0\"></span>ents fro<span class=\"_ _0\"></span>m the hol<span class=\"_ _0\"></span>der\u2019s per<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive are accounte<span class=\"_ _0\"></span>d for under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. Under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f0\">9 financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts are h<span class=\"_ _0\"></span>eld at eith<span class=\"_ _0\"></span>er amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t, fair value thro<span class=\"_ _0\"></span>ugh other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e (\u2018F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI\u2019<span class=\"_ _0\"></span>) or fair value thro<span class=\"_ _0\"></span>ugh </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f1\">profit an<span class=\"_ _0\"></span>d loss (\u2018<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>\u2019). In ma<span class=\"_ _0\"></span>king the as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment the Comp<span class=\"_ _0\"></span>any\u2019s busines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el and the cont<span class=\"_ _0\"></span>ractu<span class=\"_ _0\"></span>al terms are as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>gainst </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f2\">the cond<span class=\"_ _0\"></span>itions in I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. Where th<span class=\"_ _0\"></span>e conditi<span class=\"_ _0\"></span>ons for hol<span class=\"_ _0\"></span>ding an ass<span class=\"_ _0\"></span>et at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ised cos<span class=\"_ _0\"></span>t are not me<span class=\"_ _0\"></span>t and whe<span class=\"_ _0\"></span>re no ele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on is made </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f3\">to<span class=\"_ gs1\"> </span>measure a<span class=\"_ _0\"></span>t F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI, F<span class=\"_ _0\"></span>V<span class=\"_ _6\"></span>TP<span class=\"_ _0\"></span>L is the de<span class=\"_ _0\"></span>fault.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f4\">At initial re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>easured at fair valu<span class=\"_ _0\"></span>e. This is as<span class=\"_ _0\"></span>sumed to b<span class=\"_ _0\"></span>e the trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion pri<span class=\"_ _0\"></span>ce unles<span class=\"_ _0\"></span>s there is ev<span class=\"_ _0\"></span>idence </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f5\">to<span class=\"_ gs1\"> </span>the contrar<span class=\"_ _0\"></span>y. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f6\">All tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s related to fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s des<span class=\"_ _0\"></span>ignated as at fair va<span class=\"_ _0\"></span>lue through p<span class=\"_ _0\"></span>rofit and lo<span class=\"_ _0\"></span>ss are ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f7\">Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in unqu<span class=\"_ _0\"></span>oted compani<span class=\"_ _0\"></span>es and conve<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>ble loa<span class=\"_ _0\"></span>ns are class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s Level 3 in th<span class=\"_ _0\"></span>e financial hi<span class=\"_ _0\"></span>erarchy be<span class=\"_ _0\"></span>cause th<span class=\"_ _0\"></span>ere are no </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f8\">obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vable mar<span class=\"_ _0\"></span>ket input<span class=\"_ _0\"></span>s. For t<span class=\"_ _0\"></span>hese as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s unob<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e input<span class=\"_ _0\"></span>s are use<span class=\"_ _0\"></span>d to measure th<span class=\"_ _0\"></span>e range of fair value<span class=\"_ _0\"></span>s, using an in<span class=\"_ _0\"></span>come </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2f9\">appro<span class=\"_ _0\"></span>ach to conver<span class=\"_ _0\"></span>t future c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s into pres<span class=\"_ _0\"></span>ent values<span class=\"_ _0\"></span>. Input<span class=\"_ _0\"></span>s into the valu<span class=\"_ _0\"></span>ation mo<span class=\"_ _0\"></span>del inc<span class=\"_ _0\"></span>lude bot<span class=\"_ _0\"></span>h Group forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s and fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>ts </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2fa\">from the i<span class=\"_ _0\"></span>nvestee, w<span class=\"_ _0\"></span>ith consid<span class=\"_ _0\"></span>eration g<span class=\"_ _0\"></span>iven to per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance agains<span class=\"_ _0\"></span>t technic<span class=\"_ _0\"></span>al and comm<span class=\"_ _0\"></span>ercial mile<span class=\"_ _0\"></span>stone<span class=\"_ _0\"></span>s. Wh<span class=\"_ _0\"></span>ere there is i<span class=\"_ _0\"></span>nsuff<span class=\"_ _0\"></span>icient </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2fb\">informati<span class=\"_ _0\"></span>on to deter<span class=\"_ _0\"></span>mine fair value o<span class=\"_ _0\"></span>r there is a w<span class=\"_ _0\"></span>ide rang<span class=\"_ _0\"></span>e of poss<span class=\"_ _0\"></span>ible fair value m<span class=\"_ _0\"></span>easures<span class=\"_ _0\"></span>, and cost r<span class=\"_ _0\"></span>epres<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>e bes<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>ate in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2fc\">that rang<span class=\"_ _0\"></span>e, then, as per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 9, cost w<span class=\"_ _0\"></span>ill continue to b<span class=\"_ _0\"></span>e used as a p<span class=\"_ _0\"></span>roxy for fair v<span class=\"_ _0\"></span>alue. C<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>st will no<span class=\"_ _0\"></span>t be use<span class=\"_ _0\"></span>d as a prox<span class=\"_ _0\"></span>y if<span class=\"_ _1\"></span>, at </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2fd\">the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t date, there is an id<span class=\"_ _0\"></span>entifi<span class=\"_ _0\"></span>ed change i<span class=\"_ _0\"></span>n value, which cou<span class=\"_ _0\"></span>ld be illus<span class=\"_ _0\"></span>trated by signi<span class=\"_ _0\"></span>ficant p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance va<span class=\"_ _0\"></span>riations to p<span class=\"_ _0\"></span>lan </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2fe\">or the va<span class=\"_ _0\"></span>lue implie<span class=\"_ _0\"></span>d by subse<span class=\"_ _0\"></span>quent fundi<span class=\"_ _0\"></span>ng rounds or ot<span class=\"_ _0\"></span>her equit<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs439\">Inventor<span class=\"_ _0\"></span>ies are me<span class=\"_ _0\"></span>asured at th<span class=\"_ _0\"></span>e lower of cos<span class=\"_ _0\"></span>t and net re<span class=\"_ _0\"></span>alisab<span class=\"_ _0\"></span>le value. Th<span class=\"_ _0\"></span>e cost of invento<span class=\"_ _0\"></span>ries is b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he fir<span class=\"_ _0\"></span>st-in, fir<span class=\"_ _0\"></span>st-<span class=\"_ _0\"></span>out prin<span class=\"_ _0\"></span>ciple </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs43a\">and inclu<span class=\"_ _0\"></span>des ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture incurre<span class=\"_ _0\"></span>d in acquiring t<span class=\"_ _0\"></span>he inventorie<span class=\"_ _0\"></span>s and bring<span class=\"_ _0\"></span>ing them to th<span class=\"_ _0\"></span>eir exis<span class=\"_ _0\"></span>ting lo<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n and condi<span class=\"_ _0\"></span>tion. T<span class=\"_ _0\"></span>he cost </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs43b\">of finishe<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>ds and wor<span class=\"_ _0\"></span>k in progre<span class=\"_ _0\"></span>ss compr<span class=\"_ _0\"></span>ises raw mate<span class=\"_ _0\"></span>rials, dire<span class=\"_ _0\"></span>ct l<span class=\"_ _0\"></span>abour<span class=\"_ _1\"></span>, oth<span class=\"_ _0\"></span>er direc<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts and r<span class=\"_ _0\"></span>elated pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion over<span class=\"_ _0\"></span>heads </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs43c\">(alloca<span class=\"_ _0\"></span>ted bas<span class=\"_ _0\"></span>ed on the hi<span class=\"_ _0\"></span>gher of ac<span class=\"_ _0\"></span>tual and n<span class=\"_ _0\"></span>ormal pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion le<span class=\"_ _0\"></span>vels). C<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span>t is calcula<span class=\"_ _0\"></span>ted using the s<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dard cost m<span class=\"_ _0\"></span>ethod<span class=\"_ _0\"></span>. Net rea<span class=\"_ _0\"></span>lisabl<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs43d\">value is th<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mated sell<span class=\"_ _0\"></span>ing price in th<span class=\"_ _0\"></span>e ordinar<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess, l<span class=\"_ _0\"></span>ess th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ated cost<span class=\"_ _0\"></span>s of comp<span class=\"_ _0\"></span>letio<span class=\"_ _0\"></span>n and sellin<span class=\"_ _0\"></span>g exp<span class=\"_ _0\"></span>enses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs43e\">In ca<span class=\"_ _0\"></span>lculating t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated sel<span class=\"_ _0\"></span>ling price a numb<span class=\"_ _0\"></span>er of fac<span class=\"_ _0\"></span>tors are t<span class=\"_ _0\"></span>aken into account, inclu<span class=\"_ _0\"></span>ding the ag<span class=\"_ _0\"></span>e of the inventor<span class=\"_ _0\"></span>y, custome<span class=\"_ _0\"></span>r order </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs43f\">profile<span class=\"_ _0\"></span>s, the qua<span class=\"_ _0\"></span>lity s<span class=\"_ _0\"></span>tatus<span class=\"_ _0\"></span>, alternati<span class=\"_ _0\"></span>ve routes to ma<span class=\"_ _0\"></span>rket and optio<span class=\"_ _0\"></span>ns to reproce<span class=\"_ _0\"></span>ss. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e net realis<span class=\"_ _0\"></span>able valu<span class=\"_ _0\"></span>e is bel<span class=\"_ _0\"></span>ow the cos<span class=\"_ _0\"></span>t of the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs440\">inventor<span class=\"_ _0\"></span>y a prov<span class=\"_ _0\"></span>ision is mad<span class=\"_ _0\"></span>e to write d<span class=\"_ _0\"></span>own th<span class=\"_ _0\"></span>e inventor<span class=\"_ _0\"></span>y to the net rea<span class=\"_ _0\"></span>lisab<span class=\"_ _0\"></span>le value wh<span class=\"_ _0\"></span>ich is ex<span class=\"_ _0\"></span>pense<span class=\"_ _0\"></span>d to the profit a<span class=\"_ _0\"></span>nd los<span class=\"_ _0\"></span>s account. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs441\">If subs<span class=\"_ _0\"></span>eque<span class=\"_ _0\"></span>ntly the valu<span class=\"_ _0\"></span>e realise<span class=\"_ _0\"></span>d from the inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y is above th<span class=\"_ _0\"></span>e net realis<span class=\"_ _0\"></span>able valu<span class=\"_ _0\"></span>e the prov<span class=\"_ _0\"></span>ision is w<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ten back to th<span class=\"_ _0\"></span>e profit and </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lse wsc gs442\">los<span class=\"_ _0\"></span>s account<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs457\">T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les are am<span class=\"_ _0\"></span>ounts d<span class=\"_ _0\"></span>ue from cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s for goo<span class=\"_ _0\"></span>ds sol<span class=\"_ _0\"></span>d in the ordina<span class=\"_ _0\"></span>ry co<span class=\"_ _0\"></span>urse of b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs458\">T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d initially at fair va<span class=\"_ _0\"></span>lue. Subse<span class=\"_ _0\"></span>quent to initial r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion the<span class=\"_ _0\"></span>y are measure<span class=\"_ _0\"></span>d at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cost </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs459\">using the e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve interest m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d less a<span class=\"_ _0\"></span>ny impairm<span class=\"_ _0\"></span>ent loss<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying amou<span class=\"_ _0\"></span>nt of these b<span class=\"_ _0\"></span>alances a<span class=\"_ _0\"></span>pproximate<span class=\"_ _0\"></span>s to fair value due to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs45a\">the sho<span class=\"_ _0\"></span>rt m<span class=\"_ _0\"></span>aturit<span class=\"_ _0\"></span>y of amount<span class=\"_ _0\"></span>s rece<span class=\"_ _0\"></span>ivable. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs45b\">Allo<span class=\"_ _0\"></span>wances are c<span class=\"_ _0\"></span>alculate<span class=\"_ _0\"></span>d by reference to cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted to b<span class=\"_ _0\"></span>e incurre<span class=\"_ _0\"></span>d over the life<span class=\"_ _0\"></span>time of the re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>le using th<span class=\"_ _0\"></span>e simplifi<span class=\"_ _0\"></span>ed </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs45c\">appro<span class=\"_ _0\"></span>ach, as de<span class=\"_ _0\"></span>scrib<span class=\"_ _0\"></span>ed in note 16.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs462\">Borr<span class=\"_ _0\"></span>owings are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed initiall<span class=\"_ _0\"></span>y at fair value, whi<span class=\"_ _0\"></span>ch equals th<span class=\"_ _0\"></span>e procee<span class=\"_ _0\"></span>ds recei<span class=\"_ _0\"></span>ved les<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s. Fo<span class=\"_ _0\"></span>llowing t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs463\">initial re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion, bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>re subseq<span class=\"_ _0\"></span>uently he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed cos<span class=\"_ _0\"></span>t. </div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls7 ws5 gs465\">Derivative financial instru<span class=\"_ _0\"></span>ments and hedg<span class=\"_ _0\"></span>ing activitie<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs466\">Deri<span class=\"_ _0\"></span>vative fi<span class=\"_ _0\"></span>nancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s are prim<span class=\"_ _0\"></span>arily us<span class=\"_ _0\"></span>ed by the Grou<span class=\"_ _0\"></span>p to manage it<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>posure to chan<span class=\"_ _0\"></span>ges in forei<span class=\"_ _0\"></span>gn exchang<span class=\"_ _0\"></span>e rates relatin<span class=\"_ _0\"></span>g to overs<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs467\">sal<span class=\"_ _0\"></span>es and purcha<span class=\"_ _0\"></span>ses. I<span class=\"_ _0\"></span>n accordance w<span class=\"_ _0\"></span>ith it<span class=\"_ _0\"></span>s treasur<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the G<span class=\"_ _0\"></span>roup do<span class=\"_ _0\"></span>es not ho<span class=\"_ _0\"></span>ld or issu<span class=\"_ _0\"></span>e deriv<span class=\"_ _0\"></span>ative finan<span class=\"_ _0\"></span>cial instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s for trading p<span class=\"_ _0\"></span>urpos<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs468\">The G<span class=\"_ _0\"></span>roup hed<span class=\"_ _0\"></span>ges a pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of its ne<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>st sa<span class=\"_ _0\"></span>les, purcha<span class=\"_ _0\"></span>ses and e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses w<span class=\"_ _0\"></span>hich are den<span class=\"_ _0\"></span>ominated in a fo<span class=\"_ _0\"></span>reign curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y (<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge)<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs469\">using for<span class=\"_ _0\"></span>ward e<span class=\"_ _0\"></span>xchange cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Boar<span class=\"_ _0\"></span>d is respo<span class=\"_ _0\"></span>nsible for s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing the he<span class=\"_ _0\"></span>dging po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y which is d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed overle<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he poli<span class=\"_ _0\"></span>cy is re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d and<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs46a\">approv<span class=\"_ _0\"></span>ed annually by t<span class=\"_ _0\"></span>he Board<span class=\"_ _0\"></span>. Hedg<span class=\"_ _0\"></span>ing is only ap<span class=\"_ _0\"></span>plied for t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t signifi<span class=\"_ _0\"></span>cant curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expo<span class=\"_ _0\"></span>sures whi<span class=\"_ _0\"></span>ch is revi<span class=\"_ _0\"></span>ewed annuall<span class=\"_ _0\"></span>y alongs<span class=\"_ _0\"></span>ide the<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs46b\">poli<span class=\"_ _0\"></span>cy. During F<span class=\"_ _0\"></span>Y 2023 the cur<span class=\"_ _0\"></span>rencie<span class=\"_ _0\"></span>s hedg<span class=\"_ _0\"></span>ed were US D<span class=\"_ _0\"></span>ollars a<span class=\"_ _0\"></span>nd Euro (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: s<span class=\"_ _0\"></span>ame). </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs46c\">At the incept<span class=\"_ _0\"></span>ion of the t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, the Group d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts the re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hip bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n hedging i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d hedg<span class=\"_ _0\"></span>ed items inc<span class=\"_ _0\"></span>luding wh<span class=\"_ _0\"></span>ether<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs46d\">or not a ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ion is be<span class=\"_ _0\"></span>ing hedg<span class=\"_ _0\"></span>ed. A conclu<span class=\"_ _0\"></span>sion is rea<span class=\"_ _0\"></span>ched as to wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on qualifi<span class=\"_ _0\"></span>es as a ca<span class=\"_ _0\"></span>sh flow he<span class=\"_ _0\"></span>dge. Det<span class=\"_ _0\"></span>ails on he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs46e\">doc<span class=\"_ _0\"></span>umentat<span class=\"_ _0\"></span>ion are sh<span class=\"_ _0\"></span>own be<span class=\"_ _0\"></span>low.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs470\">Ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ges<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs471\">A<span class=\"_ _0\"></span>s perm<span class=\"_ _0\"></span>itte<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 9 B.6.6.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, the Grou<span class=\"_ _0\"></span>p desig<span class=\"_ _0\"></span>nates overall ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions as he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tems whe<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs472\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs473\">trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are mana<span class=\"_ _0\"></span>ged as ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions for risk m<span class=\"_ _0\"></span>anagem<span class=\"_ _0\"></span>ent purpo<span class=\"_ _0\"></span>ses;<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs474\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs475\">the he<span class=\"_ _0\"></span>dges a<span class=\"_ _0\"></span>re for foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>s; and </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs476\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs477\">the init<span class=\"_ _0\"></span>ial hedg<span class=\"_ _0\"></span>e desi<span class=\"_ _0\"></span>gnation an<span class=\"_ _0\"></span>d docum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on set ou<span class=\"_ _0\"></span>t how the ite<span class=\"_ _0\"></span>ms within t<span class=\"_ _0\"></span>he net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n will af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs478\">The G<span class=\"_ _0\"></span>roup also d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts it<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ment, bot<span class=\"_ _0\"></span>h at hedg<span class=\"_ _0\"></span>e incepti<span class=\"_ _0\"></span>on and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, of wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e deri<span class=\"_ _0\"></span>vatives t<span class=\"_ _0\"></span>hat are used i<span class=\"_ _0\"></span>n hedging<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs479\">trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive in of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing change<span class=\"_ _0\"></span>s in cash fl<span class=\"_ _0\"></span>ows of he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d items.<span class=\"_ _0\"></span> </div><div class=\"t m1 hb ff28 fs4 fc3 sc0 ls21 ws0 gs47a\">The<span class=\"_ _0\"></span>se foreig<span class=\"_ _0\"></span>n exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts are ini<span class=\"_ _0\"></span>tially re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d at fair value, wit<span class=\"_ _0\"></span>h most hav<span class=\"_ _0\"></span>ing maturit<span class=\"_ _0\"></span>ies of le<span class=\"_ _0\"></span>ss than o<span class=\"_ _0\"></span>ne year af<span class=\"_ _0\"></span>ter the ba<span class=\"_ _0\"></span>lance she<span class=\"_ _0\"></span>et date. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs47b\">Whe<span class=\"_ _0\"></span>re a deri<span class=\"_ _0\"></span>vative fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument is d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d as a hedg<span class=\"_ _0\"></span>e of the varia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y in cash f<span class=\"_ _0\"></span>lows of a re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ility, or a highly p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs47c\">forec<span class=\"_ _0\"></span>ast trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion, th<span class=\"_ _0\"></span>e effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of change<span class=\"_ _0\"></span>s in fair value is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y via th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>solidate<span class=\"_ _0\"></span>d sta<span class=\"_ _0\"></span>tement of comp<span class=\"_ _0\"></span>rehensi<span class=\"_ _0\"></span>ve </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs47d\">income. T<span class=\"_ _0\"></span>he gain or l<span class=\"_ _0\"></span>oss rela<span class=\"_ _0\"></span>ting to the ine<span class=\"_ _0\"></span>ffec<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>tion is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed imme<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, throu<span class=\"_ _0\"></span>gh sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls82 ws13 gs47e\">administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs47f\">The re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any cumulat<span class=\"_ _0\"></span>ive gain or l<span class=\"_ _0\"></span>oss e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g in equit<span class=\"_ _0\"></span>y is align<span class=\"_ _0\"></span>ed to the timi<span class=\"_ _0\"></span>ng of the hed<span class=\"_ _0\"></span>ged tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ting the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs480\">and is clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as follow<span class=\"_ _0\"></span>s:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs481\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs482\">hed<span class=\"_ _0\"></span>ging of a net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n \u2013 the cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss trans<span class=\"_ _0\"></span>ferred fro<span class=\"_ _0\"></span>m equit<span class=\"_ _0\"></span>y is se<span class=\"_ _0\"></span>parately p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d on the face of the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs483\">with<span class=\"_ _0\"></span>in gains<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s) on foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y net hed<span class=\"_ _0\"></span>ging. Subs<span class=\"_ _0\"></span>equent re<span class=\"_ _0\"></span>valuations p<span class=\"_ _0\"></span>rior to s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement date a<span class=\"_ _0\"></span>re include<span class=\"_ _0\"></span>d in sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls82 ws13 gs484\">administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses; and</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs485\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs486\">other c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s \u2013 cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss ex<span class=\"_ _0\"></span>isting in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y at the tim<span class=\"_ _0\"></span>e when th<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion occu<span class=\"_ _0\"></span>rs is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs487\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent in the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding line tha<span class=\"_ _0\"></span>t the hed<span class=\"_ _0\"></span>ged item g<span class=\"_ _0\"></span>oes t<span class=\"_ _0\"></span>hrough be<span class=\"_ _0\"></span>ing revenue, cos<span class=\"_ _0\"></span>t of sal<span class=\"_ _0\"></span>es or sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls82 ws13 gs488\">administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs489\">Whe<span class=\"_ _0\"></span>n a foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion is no l<span class=\"_ _0\"></span>onger e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occur<span class=\"_ _1\"></span>, and th<span class=\"_ _0\"></span>erefore do<span class=\"_ _0\"></span>es not m<span class=\"_ _0\"></span>eet the c<span class=\"_ _0\"></span>riteria for c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge a<span class=\"_ _0\"></span>ccounting,<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs48a\">the cumul<span class=\"_ _0\"></span>ative gain o<span class=\"_ _0\"></span>r loss t<span class=\"_ _0\"></span>hat was repo<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y is imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y transferr<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement, t<span class=\"_ _0\"></span>hrough sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls82 ws13 gs48b\">administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 lsc wsa gs48c\">Hedge documentation a<span class=\"_ _1\"></span>nd effectiveness testing<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs48d\">The d<span class=\"_ _0\"></span>ocum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on include<span class=\"_ _0\"></span>s identi<span class=\"_ _0\"></span>ficat<span class=\"_ _0\"></span>ion of the h<span class=\"_ _0\"></span>edging ite<span class=\"_ _0\"></span>m(s), the nature of the r<span class=\"_ _0\"></span>isk being h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>d and how th<span class=\"_ _0\"></span>e Group will a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss whe<span class=\"_ _0\"></span>ther the<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls106 ws75 gs48e\">hedgin<span class=\"_ _0\"></span>g relationship me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e hedge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tivene<span class=\"_ _0\"></span>ss requirem<span class=\"_ _0\"></span>ents.<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs48f\">Hed<span class=\"_ _0\"></span>ge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tiven<span class=\"_ _0\"></span>ess is a qua<span class=\"_ _0\"></span>litati<span class=\"_ _0\"></span>ve asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed in accordan<span class=\"_ _0\"></span>ce with I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. A hedging rel<span class=\"_ _0\"></span>ationship q<span class=\"_ _0\"></span>ualifie<span class=\"_ _0\"></span>s for hedg<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs490\">accounting i<span class=\"_ _0\"></span>f it meet<span class=\"_ _0\"></span>s all th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s requirem<span class=\"_ _0\"></span>ents:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs491\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs492\">there is a<span class=\"_ _0\"></span>n econom<span class=\"_ _0\"></span>ic relati<span class=\"_ _0\"></span>onship bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tem and the h<span class=\"_ _0\"></span>edging ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nt; </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs493\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs494\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of the cre<span class=\"_ _0\"></span>dit risk d<span class=\"_ _0\"></span>oes not d<span class=\"_ _0\"></span>ominate th<span class=\"_ _0\"></span>e value chang<span class=\"_ _0\"></span>es that resul<span class=\"_ _0\"></span>t from the e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c relations<span class=\"_ _0\"></span>hip; and </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs495\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs496\">the he<span class=\"_ _0\"></span>dge rati<span class=\"_ _0\"></span>o of the hed<span class=\"_ _0\"></span>ging relati<span class=\"_ _0\"></span>onship is th<span class=\"_ _0\"></span>e same a<span class=\"_ _0\"></span>s that used fo<span class=\"_ _0\"></span>r risk manag<span class=\"_ _0\"></span>ement pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs497\">For f<span class=\"_ _0\"></span>inancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d in hedg<span class=\"_ _0\"></span>e accounting rela<span class=\"_ _0\"></span>tionship<span class=\"_ _0\"></span>s or that do n<span class=\"_ _0\"></span>ot meet th<span class=\"_ _0\"></span>e criteria fo<span class=\"_ _0\"></span>r hedg<span class=\"_ _0\"></span>e accounting, th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs498\">on rem<span class=\"_ _0\"></span>easureme<span class=\"_ _0\"></span>nt to fair value is reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _0\"></span>mediate<span class=\"_ _0\"></span>ly in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement thro<span class=\"_ _0\"></span>ugh sal<span class=\"_ _0\"></span>es, marketin<span class=\"_ _0\"></span>g and adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs51b\">Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs51c\">Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s compris<span class=\"_ _0\"></span>e cash ba<span class=\"_ _0\"></span>lances, c<span class=\"_ _0\"></span>all dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r shor<span class=\"_ _0\"></span>t-term de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>ally of thre<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs51d\">months o<span class=\"_ _0\"></span>r les<span class=\"_ _0\"></span>s. The c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s disclo<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Group bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t and in the Gro<span class=\"_ _0\"></span>up cash fl<span class=\"_ _0\"></span>ow st<span class=\"_ _0\"></span>atement inclu<span class=\"_ _0\"></span>de \u00a33.4<span class=\"_ _0\"></span>m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs51e\">ring<span class=\"_ _0\"></span>-fenced in th<span class=\"_ _0\"></span>e Group\u2019s C<span class=\"_ _1\"></span>hine<span class=\"_ _0\"></span>se subsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s, which is co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted to capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pansio<span class=\"_ _0\"></span>n (F<span class=\"_ _0\"></span>Y 2022: \u00a32<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>8m) and therefo<span class=\"_ _0\"></span>re is not availabl<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs51f\">for general<span class=\"_ _1\"></span> use by the other en<span class=\"_ _1\"></span>tities within the Group.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs520\">Other financial assets<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs521\">Cash inves<span class=\"_ _0\"></span>ted in term or n<span class=\"_ _0\"></span>otice de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s greater tha<span class=\"_ _0\"></span>n three mo<span class=\"_ _0\"></span>nths in duratio<span class=\"_ _0\"></span>n doe<span class=\"_ _0\"></span>s not mee<span class=\"_ _0\"></span>t the criter<span class=\"_ _0\"></span>ia to be </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs522\">class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s cash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s. Accordi<span class=\"_ _0\"></span>ngly<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>ese d<span class=\"_ _0\"></span>eposi<span class=\"_ _0\"></span>ts have b<span class=\"_ _0\"></span>een pre<span class=\"_ _0\"></span>sented w<span class=\"_ _0\"></span>ithin other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and are c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs523\">amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _0\"></span>FRS 9.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs524\">Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs525\">Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t consist<span class=\"_ _0\"></span>s of loa<span class=\"_ _0\"></span>ns receiva<span class=\"_ _0\"></span>ble. The l<span class=\"_ _0\"></span>oan rece<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e\u2019<span class=\"_ _1\"></span>s init<span class=\"_ _0\"></span>ial fair value is th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of the futu<span class=\"_ _0\"></span>re </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs526\">repay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s, discou<span class=\"_ _0\"></span>nted using a market rate of intere<span class=\"_ _0\"></span>st for an ar<span class=\"_ _0\"></span>ms lengt<span class=\"_ _0\"></span>h loan, w<span class=\"_ _0\"></span>hen the lo<span class=\"_ _0\"></span>an is granted inter<span class=\"_ _0\"></span>est fre<span class=\"_ _0\"></span>e. As th<span class=\"_ _0\"></span>e loans </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs527\">recei<span class=\"_ _0\"></span>vable are h<span class=\"_ _0\"></span>eld for coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion of contra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l cash fl<span class=\"_ _0\"></span>ows, w<span class=\"_ _0\"></span>here cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s repres<span class=\"_ _0\"></span>ent sol<span class=\"_ _0\"></span>ely paym<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>f principl<span class=\"_ _0\"></span>e and ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs528\">they are m<span class=\"_ _0\"></span>easured a<span class=\"_ _0\"></span>t amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost in a<span class=\"_ _0\"></span>ccordance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 9. Both the i<span class=\"_ _0\"></span>nitial dis<span class=\"_ _0\"></span>count bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the fair value an<span class=\"_ _0\"></span>d loan valu<span class=\"_ _0\"></span>e, and the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs529\">subse<span class=\"_ _0\"></span>quent unw<span class=\"_ _0\"></span>ind of the dis<span class=\"_ _0\"></span>count is includ<span class=\"_ _0\"></span>ed withi<span class=\"_ _0\"></span>n finance (cost<span class=\"_ _0\"></span>s)/<span class=\"_ _0\"></span>incom<span class=\"_ _0\"></span>e in the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment. </div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs556\">Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair va<span class=\"_ _0\"></span>lue<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs557\">Fair value is de<span class=\"_ _0\"></span>termine<span class=\"_ _0\"></span>d using the fair valu<span class=\"_ _0\"></span>e hierarchy whi<span class=\"_ _0\"></span>ch takes into account th<span class=\"_ _0\"></span>e availabilit<span class=\"_ _0\"></span>y of inp<span class=\"_ _0\"></span>ut data into th<span class=\"_ _0\"></span>e fair value cal<span class=\"_ _0\"></span>culation, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs558\">with l<span class=\"_ _0\"></span>evels go<span class=\"_ _0\"></span>ing from Le<span class=\"_ _0\"></span>vel 1 (quoted market pri<span class=\"_ _0\"></span>ces availabl<span class=\"_ _0\"></span>e) through to Leve<span class=\"_ _0\"></span>l 3 (<span class=\"_ _1\"></span>uno<span class=\"_ _0\"></span>bser<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble input<span class=\"_ _0\"></span>s) with m<span class=\"_ _0\"></span>ore assum<span class=\"_ _0\"></span>ptions inh<span class=\"_ _0\"></span>erent </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs559\">in the fair valu<span class=\"_ _0\"></span>e calcula<span class=\"_ _0\"></span>tion of Le<span class=\"_ _0\"></span>vel 3 ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re obse<span class=\"_ _0\"></span>rva<span class=\"_ _0\"></span>ble inpu<span class=\"_ _0\"></span>ts are no<span class=\"_ _0\"></span>t available t<span class=\"_ _0\"></span>hen anoth<span class=\"_ _0\"></span>er valuatio<span class=\"_ _0\"></span>n techniqu<span class=\"_ _0\"></span>e is used, su<span class=\"_ _0\"></span>ch </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs55a\">as<span class=\"_ gs1\"> </span>an incom<span class=\"_ _0\"></span>e appro<span class=\"_ _0\"></span>ach or market ap<span class=\"_ _0\"></span>proach.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsc wsa gs596\">Defined cont<span class=\"_ _1\"></span>ribution pension<span class=\"_ _1\"></span> schemes<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs597\">Obli<span class=\"_ _0\"></span>gations for co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ions to def<span class=\"_ _0\"></span>ined contri<span class=\"_ _0\"></span>bution p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n schem<span class=\"_ _0\"></span>es are reco<span class=\"_ _0\"></span>gnised a<span class=\"_ _0\"></span>s an exp<span class=\"_ _0\"></span>ense in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent as incurre<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsc wsa gs598\">Defined benefit pension schemes<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs599\">The G<span class=\"_ _0\"></span>roup\u2019s asset an<span class=\"_ _0\"></span>d obligat<span class=\"_ _0\"></span>ion in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of defi<span class=\"_ _0\"></span>ned ben<span class=\"_ _0\"></span>efit pe<span class=\"_ _0\"></span>nsion s<span class=\"_ _0\"></span>chemes r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et is the pre<span class=\"_ _0\"></span>sent valu<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs59a\">of the futu<span class=\"_ _0\"></span>re benef<span class=\"_ _0\"></span>its th<span class=\"_ _0\"></span>at employe<span class=\"_ _0\"></span>es have ear<span class=\"_ _0\"></span>ned in retur<span class=\"_ _0\"></span>n for their s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice in the c<span class=\"_ _0\"></span>urrent and pr<span class=\"_ _0\"></span>ior pe<span class=\"_ _0\"></span>riods<span class=\"_ _0\"></span>, less t<span class=\"_ _0\"></span>he fair value of pla<span class=\"_ _0\"></span>n </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs59b\">ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. The d<span class=\"_ _0\"></span>efined b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>t and oblig<span class=\"_ _0\"></span>ation are c<span class=\"_ _0\"></span>alculate<span class=\"_ _0\"></span>d by indep<span class=\"_ _0\"></span>endent a<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>ries usin<span class=\"_ _0\"></span>g the proje<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d unit cred<span class=\"_ _0\"></span>it metho<span class=\"_ _0\"></span>d. The </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs59c\">pres<span class=\"_ _0\"></span>ent value of th<span class=\"_ _0\"></span>e define<span class=\"_ _0\"></span>d benef<span class=\"_ _0\"></span>it ass<span class=\"_ _0\"></span>et and ob<span class=\"_ _0\"></span>ligation i<span class=\"_ _0\"></span>s determi<span class=\"_ _0\"></span>ned by dis<span class=\"_ _0\"></span>counting the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d future cas<span class=\"_ _0\"></span>h out<span class=\"_ _0\"></span>flows u<span class=\"_ _0\"></span>sing interes<span class=\"_ _0\"></span>t </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs59d\">rates of high q<span class=\"_ _0\"></span>ualit<span class=\"_ _0\"></span>y corpo<span class=\"_ _0\"></span>rate bonds t<span class=\"_ _0\"></span>hat are den<span class=\"_ _0\"></span>ominated in th<span class=\"_ _0\"></span>e currenc<span class=\"_ _0\"></span>y in wh<span class=\"_ _0\"></span>ich the b<span class=\"_ _0\"></span>enefit<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e paid and have te<span class=\"_ _0\"></span>rms to maturit<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs59e\">approx<span class=\"_ _0\"></span>imating to the te<span class=\"_ _0\"></span>rms of the re<span class=\"_ _0\"></span>lated pens<span class=\"_ _0\"></span>ion liabili<span class=\"_ _0\"></span>ty.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs59f\">Whe<span class=\"_ _0\"></span>n the cal<span class=\"_ _0\"></span>culatio<span class=\"_ _0\"></span>n result<span class=\"_ _0\"></span>s in a bene<span class=\"_ _0\"></span>fit to the Grou<span class=\"_ _0\"></span>p, the recogni<span class=\"_ _0\"></span>sed as<span class=\"_ _0\"></span>set is th<span class=\"_ _0\"></span>e present va<span class=\"_ _0\"></span>lue of econ<span class=\"_ _0\"></span>omic be<span class=\"_ _0\"></span>nefit<span class=\"_ _0\"></span>s availabl<span class=\"_ _0\"></span>e in the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5a0\">form of any futur<span class=\"_ _0\"></span>e refunds from t<span class=\"_ _0\"></span>he plan or re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tions in futu<span class=\"_ _0\"></span>re contribut<span class=\"_ _0\"></span>ions to the p<span class=\"_ _0\"></span>lan. In ord<span class=\"_ _0\"></span>er to calcul<span class=\"_ _0\"></span>ate the pres<span class=\"_ _0\"></span>ent value of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5a1\">econ<span class=\"_ _0\"></span>omic be<span class=\"_ _0\"></span>nefit<span class=\"_ _0\"></span>s, consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n is given to any minimu<span class=\"_ _0\"></span>m funding requ<span class=\"_ _0\"></span>irement<span class=\"_ _0\"></span>s that app<span class=\"_ _0\"></span>ly<span class=\"_ _1\"></span>. A<span class=\"_ _0\"></span>n econo<span class=\"_ _0\"></span>mic ben<span class=\"_ _0\"></span>efit is availa<span class=\"_ _0\"></span>ble to the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5a2\">Group if i<span class=\"_ _0\"></span>t is realisa<span class=\"_ _0\"></span>ble durin<span class=\"_ _0\"></span>g the life of the p<span class=\"_ _0\"></span>lan or on se<span class=\"_ _0\"></span>ttl<span class=\"_ _0\"></span>ement of th<span class=\"_ _0\"></span>e plan liabili<span class=\"_ _0\"></span>ties. W<span class=\"_ _0\"></span>hen th<span class=\"_ _0\"></span>e bene<span class=\"_ _0\"></span>fits of a p<span class=\"_ _0\"></span>lan are improv<span class=\"_ _0\"></span>ed, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5a3\">the po<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of the in<span class=\"_ _0\"></span>crease<span class=\"_ _0\"></span>d bene<span class=\"_ _0\"></span>fit relatin<span class=\"_ _0\"></span>g to past s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice by emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s is recogni<span class=\"_ _0\"></span>sed in prof<span class=\"_ _0\"></span>it or los<span class=\"_ _0\"></span>s on a stra<span class=\"_ _0\"></span>ight line basi<span class=\"_ _0\"></span>s over </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5a4\">the avera<span class=\"_ _0\"></span>ge per<span class=\"_ _0\"></span>iod until th<span class=\"_ _0\"></span>e benef<span class=\"_ _0\"></span>its b<span class=\"_ _0\"></span>ecom<span class=\"_ _0\"></span>e veste<span class=\"_ _0\"></span>d. T<span class=\"_ _1\"></span>o the ex<span class=\"_ _0\"></span>tent that t<span class=\"_ _0\"></span>he bene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s vest imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e is recog<span class=\"_ _0\"></span>nised in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5a5\">profit o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5a6\">Ac<span class=\"_ _0\"></span>tuarial gains a<span class=\"_ _0\"></span>nd los<span class=\"_ _0\"></span>ses are imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y recogni<span class=\"_ _0\"></span>sed in full th<span class=\"_ _0\"></span>rough the Conso<span class=\"_ _0\"></span>lidated s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of compreh<span class=\"_ _0\"></span>ensive inco<span class=\"_ _0\"></span>me.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6ba\">T<span class=\"_ _1\"></span>rade p<span class=\"_ _0\"></span>ayables a<span class=\"_ _0\"></span>re obligat<span class=\"_ _0\"></span>ions to pay for g<span class=\"_ _0\"></span>oods a<span class=\"_ _0\"></span>cquired in th<span class=\"_ _0\"></span>e ordinar<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess from su<span class=\"_ _0\"></span>pplier<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6bb\">T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other paya<span class=\"_ _0\"></span>bles are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed initial<span class=\"_ _0\"></span>ly at fair value. Subs<span class=\"_ _0\"></span>equent to ini<span class=\"_ _0\"></span>tial reco<span class=\"_ _0\"></span>gnition t<span class=\"_ _0\"></span>hey are mea<span class=\"_ _0\"></span>sured at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ised cos<span class=\"_ _0\"></span>t using </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs6bc\">the effecti<span class=\"_ _0\"></span>ve i<span class=\"_ _1\"></span>nterest method.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls15 ws13 gs6be\">Leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6bf\">Afte<span class=\"_ _0\"></span>r the comme<span class=\"_ _0\"></span>ncement da<span class=\"_ _0\"></span>te, the amount of le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>ilities i<span class=\"_ _0\"></span>s increase<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e accretio<span class=\"_ _0\"></span>n of interes<span class=\"_ _0\"></span>t and reduce<span class=\"_ _0\"></span>d for the lea<span class=\"_ _0\"></span>se </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c0\">paym<span class=\"_ _0\"></span>ents ma<span class=\"_ _0\"></span>de.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c1\">The G<span class=\"_ _0\"></span>roup has ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted not to reco<span class=\"_ _0\"></span>gnise RO<span class=\"_ _0\"></span>U ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d lease lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s for shor<span class=\"_ _0\"></span>t-term le<span class=\"_ _0\"></span>ases t<span class=\"_ _0\"></span>hat have a leas<span class=\"_ _0\"></span>e term of 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs or les<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c2\">and tho<span class=\"_ _0\"></span>se lea<span class=\"_ _0\"></span>ses of low<span class=\"_ _0\"></span>-valu<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Payment<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sociate<span class=\"_ _0\"></span>d with sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t-term leas<span class=\"_ _0\"></span>es and le<span class=\"_ _0\"></span>ases of l<span class=\"_ _0\"></span>ow-va<span class=\"_ _0\"></span>lue ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>re recogni<span class=\"_ _0\"></span>sed on a </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c3\">strai<span class=\"_ _0\"></span>ght line basis a<span class=\"_ _0\"></span>s an exp<span class=\"_ _0\"></span>ense in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. Shor<span class=\"_ _0\"></span>t-term le<span class=\"_ _0\"></span>ases ar<span class=\"_ _0\"></span>e lease<span class=\"_ _0\"></span>s with a l<span class=\"_ _0\"></span>ease ter<span class=\"_ _0\"></span>m of 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths or le<span class=\"_ _0\"></span>ss that d<span class=\"_ _0\"></span>o not </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c4\">contain a p<span class=\"_ _0\"></span>urchase o<span class=\"_ _0\"></span>ption. Lo<span class=\"_ _0\"></span>w-va<span class=\"_ _0\"></span>lue ass<span class=\"_ _0\"></span>ets ma<span class=\"_ _0\"></span>inly compr<span class=\"_ _0\"></span>ise of<span class=\"_ _0\"></span>fice equi<span class=\"_ _0\"></span>pment.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c5\">Leas<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>ies are init<span class=\"_ _0\"></span>ially me<span class=\"_ _0\"></span>asured at the<span class=\"_ _0\"></span>ir prese<span class=\"_ _0\"></span>nt value, which in<span class=\"_ _0\"></span>cludes t<span class=\"_ _0\"></span>he follow<span class=\"_ _0\"></span>ing leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts: fi<span class=\"_ _0\"></span>xed paym<span class=\"_ _0\"></span>ents (i<span class=\"_ _0\"></span>ncluding in<span class=\"_ _0\"></span>-<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c6\">subs<span class=\"_ _0\"></span>tance fi<span class=\"_ _0\"></span>xed paym<span class=\"_ _0\"></span>ents), les<span class=\"_ _0\"></span>s any lease i<span class=\"_ _0\"></span>ncentive<span class=\"_ _0\"></span>s receiva<span class=\"_ _0\"></span>ble; variabl<span class=\"_ _0\"></span>e lease p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s that are b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n an index o<span class=\"_ _0\"></span>r a rate (using the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c7\">inde<span class=\"_ _0\"></span>x or rate in place at t<span class=\"_ _0\"></span>ransitio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>); am<span class=\"_ _0\"></span>ounts e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to be payab<span class=\"_ _0\"></span>le by the Gro<span class=\"_ _0\"></span>up under re<span class=\"_ _0\"></span>sidual valu<span class=\"_ _0\"></span>e guarantees; th<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>e price of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2af\">a purchas<span class=\"_ _0\"></span>e optio<span class=\"_ _0\"></span>n if the Group i<span class=\"_ _0\"></span>s reasona<span class=\"_ _0\"></span>bly cer<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n to exercise t<span class=\"_ _0\"></span>hat optio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>; p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s of pena<span class=\"_ _0\"></span>lties for te<span class=\"_ _0\"></span>rminating th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e, if the leas<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b0\">term ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he Group e<span class=\"_ _0\"></span>xercising that o<span class=\"_ _0\"></span>ption; and pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to be mad<span class=\"_ _0\"></span>e under rea<span class=\"_ _0\"></span>sonabl<span class=\"_ _0\"></span>y cer<span class=\"_ _0\"></span>tain ex<span class=\"_ _0\"></span>tensi<span class=\"_ _0\"></span>on opti<span class=\"_ _0\"></span>ons. Le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>ilities an<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b1\">the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding right of us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et are subs<span class=\"_ _0\"></span>equentl<span class=\"_ _0\"></span>y remeasu<span class=\"_ _0\"></span>red whe<span class=\"_ _0\"></span>re there is a chang<span class=\"_ _0\"></span>e in future le<span class=\"_ _0\"></span>ase pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s resulting fr<span class=\"_ _0\"></span>om a rent </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6c8\">revi<span class=\"_ _0\"></span>ew or chang<span class=\"_ _0\"></span>e in index o<span class=\"_ _0\"></span>r rate.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b3\">The l<span class=\"_ _0\"></span>ease p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s are disco<span class=\"_ _0\"></span>unted using th<span class=\"_ _0\"></span>e Group\u2019s increment<span class=\"_ _0\"></span>al bor<span class=\"_ _0\"></span>rowing rate. Eac<span class=\"_ _0\"></span>h lease p<span class=\"_ _0\"></span>ayment is a<span class=\"_ _0\"></span>lloca<span class=\"_ _0\"></span>ted bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the prin<span class=\"_ _0\"></span>cipal </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2b4\">and finan<span class=\"_ _0\"></span>ce cost. T<span class=\"_ _0\"></span>he finance co<span class=\"_ _0\"></span>st is charg<span class=\"_ _0\"></span>ed to the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement ove<span class=\"_ _0\"></span>r the leas<span class=\"_ _0\"></span>e peri<span class=\"_ _0\"></span>od so as to p<span class=\"_ _0\"></span>roduce a cons<span class=\"_ _0\"></span>tant p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>ic rate of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1fc\">interes<span class=\"_ _0\"></span>t on the rem<span class=\"_ _0\"></span>aining balan<span class=\"_ _0\"></span>ce of the leas<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>y for ea<span class=\"_ _0\"></span>ch peri<span class=\"_ _0\"></span>od.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 lsc wsa gs6ca\">Contingent<span class=\"_ _1\"></span> liabilities<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6cb\">Contingent liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>re potential fu<span class=\"_ _0\"></span>ture cash o<span class=\"_ _0\"></span>utf<span class=\"_ _0\"></span>lows, w<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e likelihood of p<span class=\"_ _0\"></span>ayment is co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d more than re<span class=\"_ _0\"></span>mote but is not </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6cc\">consid<span class=\"_ _0\"></span>ered pro<span class=\"_ _0\"></span>bable o<span class=\"_ _0\"></span>r cannot b<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d reliably.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs6ce\">Sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee sh<span class=\"_ _0\"></span>are own<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ship t<span class=\"_ _0\"></span>rus<span class=\"_ _0\"></span>ts (\u2018<span class=\"_ _0\"></span>ESOT<span class=\"_ _0\"></span>\u2019)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6cf\">The fair va<span class=\"_ _0\"></span>lue of the em<span class=\"_ _0\"></span>ployee s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s receive<span class=\"_ _0\"></span>d in exchang<span class=\"_ _0\"></span>e for the grant of th<span class=\"_ _0\"></span>e options i<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed as an e<span class=\"_ _0\"></span>xpen<span class=\"_ _0\"></span>se with a </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d0\">corre<span class=\"_ _0\"></span>spondi<span class=\"_ _0\"></span>ng increas<span class=\"_ _0\"></span>e in equit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Shar<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons are rec<span class=\"_ _0\"></span>harged fro<span class=\"_ _0\"></span>m the Company to tho<span class=\"_ _0\"></span>se subsid<span class=\"_ _0\"></span>iaries b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ting </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d1\">from the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice of t<span class=\"_ _0\"></span>he emplo<span class=\"_ _0\"></span>yees to wh<span class=\"_ _0\"></span>om opti<span class=\"_ _0\"></span>ons are granted.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d2\">The tot<span class=\"_ _0\"></span>al amou<span class=\"_ _0\"></span>nt to be exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>d over the ves<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>eriod is d<span class=\"_ _0\"></span>etermin<span class=\"_ _0\"></span>ed by referen<span class=\"_ _0\"></span>ce to the fair value of th<span class=\"_ _0\"></span>e optio<span class=\"_ _0\"></span>ns granted, exclud<span class=\"_ _0\"></span>ing </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d3\">the imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>f any non-<span class=\"_ _0\"></span>market ves<span class=\"_ _0\"></span>ting condi<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>. Non<span class=\"_ _0\"></span>-mar<span class=\"_ _0\"></span>ket vesting co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns are include<span class=\"_ _0\"></span>d in assum<span class=\"_ _0\"></span>ptions ab<span class=\"_ _0\"></span>out the num<span class=\"_ _0\"></span>ber of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d4\">opti<span class=\"_ _0\"></span>ons that are ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to ve<span class=\"_ _0\"></span>st and in<span class=\"_ _0\"></span>clude emp<span class=\"_ _0\"></span>loyee s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>s and per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce targ<span class=\"_ _0\"></span>ets w<span class=\"_ _0\"></span>hich are not re<span class=\"_ _0\"></span>lated to the Company<span class=\"_ _0\"></span>\u2019s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d5\">share pri<span class=\"_ _0\"></span>ce, such as earning<span class=\"_ _0\"></span>s per share gr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>th. The fair va<span class=\"_ _0\"></span>lue of the opt<span class=\"_ _0\"></span>ions is me<span class=\"_ _0\"></span>asured by th<span class=\"_ _0\"></span>e Black-<span class=\"_ _1\"></span>Sch<span class=\"_ _0\"></span>oles o<span class=\"_ _0\"></span>r St<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>chasti<span class=\"_ _0\"></span>c mod<span class=\"_ _0\"></span>el, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d6\">tak<span class=\"_ _0\"></span>ing into account the ter<span class=\"_ _0\"></span>ms and condit<span class=\"_ _0\"></span>ions up<span class=\"_ _0\"></span>on which t<span class=\"_ _0\"></span>he instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s were granted. At ea<span class=\"_ _0\"></span>ch balance sh<span class=\"_ _0\"></span>eet date, the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y revise<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d7\">it<span class=\"_ _0\"></span>s estim<span class=\"_ _0\"></span>ates of the numb<span class=\"_ _0\"></span>er of opt<span class=\"_ _0\"></span>ions that are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to becom<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>able. It re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>es the imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of the revis<span class=\"_ _0\"></span>ion of ori<span class=\"_ _0\"></span>ginal </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d8\">est<span class=\"_ _0\"></span>imates, if a<span class=\"_ _0\"></span>ny<span class=\"_ _1\"></span>, in the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement and a co<span class=\"_ _0\"></span>rresp<span class=\"_ _0\"></span>onding ad<span class=\"_ _0\"></span>justm<span class=\"_ _0\"></span>ent to equit<span class=\"_ _0\"></span>y over th<span class=\"_ _0\"></span>e remaining ves<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>eriod.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6d9\">Any failure to me<span class=\"_ _0\"></span>et market cond<span class=\"_ _0\"></span>itions, w<span class=\"_ _0\"></span>hich inclu<span class=\"_ _0\"></span>de per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance targ<span class=\"_ _0\"></span>ets su<span class=\"_ _0\"></span>ch as share pri<span class=\"_ _0\"></span>ce or total sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>er return, wo<span class=\"_ _0\"></span>uld not </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6da\">result in a re<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>al of origina<span class=\"_ _0\"></span>l estim<span class=\"_ _0\"></span>ates in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement an<span class=\"_ _0\"></span>d any remaining charg<span class=\"_ _0\"></span>es woul<span class=\"_ _0\"></span>d be accele<span class=\"_ _0\"></span>rated.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6db\">The p<span class=\"_ _0\"></span>rocee<span class=\"_ _0\"></span>ds recei<span class=\"_ _0\"></span>ved, net of any dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, are credite<span class=\"_ _0\"></span>d to share cap<span class=\"_ _0\"></span>ital (nomina<span class=\"_ _0\"></span>l value) and share prem<span class=\"_ _0\"></span>ium when t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6dc\">opti<span class=\"_ _0\"></span>ons are exerci<span class=\"_ _0\"></span>sed.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6dd\">The G<span class=\"_ _0\"></span>roup and Company prov<span class=\"_ _0\"></span>ide fina<span class=\"_ _0\"></span>nce to the ES<span class=\"_ _0\"></span>OT to purchase Company share<span class=\"_ _0\"></span>s in the op<span class=\"_ _0\"></span>en market. Cost<span class=\"_ _0\"></span>s of running t<span class=\"_ _0\"></span>he ESOT </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6de\">are charg<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement. T<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of shares hel<span class=\"_ _0\"></span>d by the ES<span class=\"_ _0\"></span>OT is deduc<span class=\"_ _0\"></span>ted in ar<span class=\"_ _0\"></span>riving a<span class=\"_ _0\"></span>t equit<span class=\"_ _0\"></span>y until the<span class=\"_ _0\"></span>y are exercis<span class=\"_ _0\"></span>ed </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6df\">by<span class=\"_ gs1\"> </span>empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6e0\">All shar<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent cost<span class=\"_ _0\"></span>s are rec<span class=\"_ _0\"></span>harged to th<span class=\"_ _0\"></span>e trading enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsc wsa gs744\">Dividend d<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>tri<span class=\"_ _1\"></span>bution<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs745\">Div<span class=\"_ _0\"></span>idend di<span class=\"_ _0\"></span>strib<span class=\"_ _0\"></span>ution to th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany\u2019s shareho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s is recog<span class=\"_ _0\"></span>nised as a li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y in the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s in the p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d in which </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs746\">the di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>ds are appro<span class=\"_ _0\"></span>ved.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls15 ws13 gs779\">Func<span class=\"_ _0\"></span>tional and prese<span class=\"_ _0\"></span>ntation currenc<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs77a\">Items in<span class=\"_ _0\"></span>cluded in t<span class=\"_ _0\"></span>he financia<span class=\"_ _0\"></span>l state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s of each of the G<span class=\"_ _0\"></span>roup\u2019s entities ar<span class=\"_ _0\"></span>e measured u<span class=\"_ _0\"></span>sing the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y of the prima<span class=\"_ _0\"></span>ry e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs77b\">environm<span class=\"_ _0\"></span>ent in whic<span class=\"_ _0\"></span>h the entit<span class=\"_ _0\"></span>y op<span class=\"_ _0\"></span>erated (the \u2018<span class=\"_ _0\"></span>func<span class=\"_ _0\"></span>tional cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y\u2019). T<span class=\"_ _0\"></span>he conso<span class=\"_ _0\"></span>lidated fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s are pre<span class=\"_ _0\"></span>sented in Sterling<span class=\"_ _0\"></span>, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs77c\">which i<span class=\"_ _0\"></span>s the Company\u2019s func<span class=\"_ _0\"></span>tiona<span class=\"_ _0\"></span>l and pres<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on curren<span class=\"_ _0\"></span>cy.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs77d\">T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs77e\">Fore<span class=\"_ _0\"></span>ign curren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are translate<span class=\"_ _0\"></span>d into the func<span class=\"_ _0\"></span>tional c<span class=\"_ _0\"></span>urrenc<span class=\"_ _0\"></span>y using th<span class=\"_ _0\"></span>e exchange ra<span class=\"_ _0\"></span>te prevailing on t<span class=\"_ _0\"></span>he dates of th<span class=\"_ _0\"></span>e transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs77f\">Fore<span class=\"_ _0\"></span>ign exchang<span class=\"_ _0\"></span>e gains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s resultin<span class=\"_ _0\"></span>g from the s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement of such t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and from th<span class=\"_ _0\"></span>e retranslati<span class=\"_ _0\"></span>on to balance s<span class=\"_ _0\"></span>heet date<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs780\">exchang<span class=\"_ _0\"></span>e rates of mon<span class=\"_ _0\"></span>etar<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and liabi<span class=\"_ _0\"></span>lities d<span class=\"_ _0\"></span>enominate<span class=\"_ _0\"></span>d in foreign cur<span class=\"_ _0\"></span>rencie<span class=\"_ _0\"></span>s are recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, except w<span class=\"_ _0\"></span>hen </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs781\">defer<span class=\"_ _0\"></span>red in equit<span class=\"_ _0\"></span>y as qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ying cas<span class=\"_ _0\"></span>h flow he<span class=\"_ _0\"></span>dges<span class=\"_ _0\"></span>. In add<span class=\"_ _0\"></span>ition, wh<span class=\"_ _0\"></span>ere an exchan<span class=\"_ _0\"></span>ge dif<span class=\"_ _0\"></span>ference ari<span class=\"_ _0\"></span>ses on an int<span class=\"_ _0\"></span>ragroup mo<span class=\"_ _0\"></span>netar<span class=\"_ _0\"></span>y ite<span class=\"_ _0\"></span>m that, in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs782\">subs<span class=\"_ _0\"></span>tance, forms p<span class=\"_ _0\"></span>art of t<span class=\"_ _0\"></span>he entit<span class=\"_ _0\"></span>y\u2019s net inve<span class=\"_ _0\"></span>stment in a fo<span class=\"_ _0\"></span>reign op<span class=\"_ _0\"></span>eration, t<span class=\"_ _0\"></span>hese di<span class=\"_ _0\"></span>ffere<span class=\"_ _0\"></span>nces are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in other com<span class=\"_ _0\"></span>prehensi<span class=\"_ _0\"></span>ve income<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs783\">in the cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents a<span class=\"_ _0\"></span>nd accumulated in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y until the di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al of the forei<span class=\"_ _0\"></span>gn ope<span class=\"_ _0\"></span>ration.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls1c ws1a gs784\">Group com<span class=\"_ _0\"></span>panies<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs785\">The re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s and financia<span class=\"_ _0\"></span>l posit<span class=\"_ _0\"></span>ion of all the G<span class=\"_ _0\"></span>roup entit<span class=\"_ _0\"></span>ies (none of w<span class=\"_ _0\"></span>hich have the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y of a hype<span class=\"_ _0\"></span>rinflatio<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y econo<span class=\"_ _0\"></span>my) that have </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs786\">a<span class=\"_ gs1\"> </span>func<span class=\"_ _0\"></span>tional c<span class=\"_ _0\"></span>urrenc<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferent from t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on currenc<span class=\"_ _0\"></span>y are t<span class=\"_ _0\"></span>ranslated into the p<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>ation cu<span class=\"_ _0\"></span>rrenc<span class=\"_ _0\"></span>y as follo<span class=\"_ _0\"></span>ws:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs787\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs788\">ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es for eac<span class=\"_ _0\"></span>h balance she<span class=\"_ _0\"></span>et pres<span class=\"_ _0\"></span>ented are tran<span class=\"_ _0\"></span>slated at the c<span class=\"_ _0\"></span>losing rate at t<span class=\"_ _0\"></span>he date of that bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs789\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs78a\">income a<span class=\"_ _0\"></span>nd exp<span class=\"_ _0\"></span>enses fo<span class=\"_ _0\"></span>r each incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement are trans<span class=\"_ _0\"></span>lated at weig<span class=\"_ _0\"></span>hted average e<span class=\"_ _0\"></span>xchange rate<span class=\"_ _0\"></span>s; and</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs78b\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs78c\">all result<span class=\"_ _0\"></span>ing exchang<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>ferences, fro<span class=\"_ _0\"></span>m 1 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 200<span class=\"_ _0\"></span>4, are reco<span class=\"_ _0\"></span>gnised a<span class=\"_ _0\"></span>s a sepa<span class=\"_ _0\"></span>rate compon<span class=\"_ _0\"></span>ent of equit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "The G<span class=\"_ _0\"></span>roup compli<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 8 \u2013 Op<span class=\"_ _0\"></span>erating S<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>s, wh<span class=\"_ _0\"></span>ich require<span class=\"_ _0\"></span>s operat<span class=\"_ _0\"></span>ing segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to be ident<span class=\"_ _0\"></span>ified an<span class=\"_ _0\"></span>d repor<span class=\"_ _0\"></span>ted u<span class=\"_ _0\"></span>pon that ar<span class=\"_ _0\"></span>e consis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>e level at w<span class=\"_ _0\"></span>hich resul<span class=\"_ _0\"></span>ts are re<span class=\"_ _0\"></span>gularly re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d by the entit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s chi<span class=\"_ _0\"></span>ef ope<span class=\"_ _0\"></span>rating de<span class=\"_ _0\"></span>cision maker (\u2018C<span class=\"_ _1\"></span>O<span class=\"_ _0\"></span>DM\u2019). Th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>OD<span class=\"_ _0\"></span>M for the Grou<span class=\"_ _0\"></span>p is the V<span class=\"_ _0\"></span>ict<span class=\"_ _0\"></span>rex plc Bo<span class=\"_ _0\"></span>ard. Infor<span class=\"_ _0\"></span>mation on t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss unit<span class=\"_ _0\"></span>s is the pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>y basis of infor<span class=\"_ _0\"></span>mation re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ted to th<span class=\"_ _0\"></span>e Vic<span class=\"_ _0\"></span>trex p<span class=\"_ _0\"></span>lc Board. The p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance of t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss unit<span class=\"_ _0\"></span>s is ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on se<span class=\"_ _0\"></span>gment<span class=\"_ _0\"></span>al gross p<span class=\"_ _0\"></span>rofit. Mana<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt of<span class=\"_ gs1\"> </span>sale<span class=\"_ _0\"></span>s, marketing and a<span class=\"_ _0\"></span>dminist<span class=\"_ _0\"></span>ration, and res<span class=\"_ _0\"></span>earch and d<span class=\"_ _0\"></span>evelop<span class=\"_ _0\"></span>ment func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ser<span class=\"_ _0\"></span>vicin<span class=\"_ _0\"></span>g both busin<span class=\"_ _0\"></span>ess uni<span class=\"_ _0\"></span>ts is cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d and repo<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d at a Group le<span class=\"_ _0\"></span>vel. Seg<span class=\"_ _0\"></span>mental b<span class=\"_ _0\"></span>alance shee<span class=\"_ _0\"></span>ts are n<span class=\"_ _0\"></span>ot produce<span class=\"_ _0\"></span>d; instead the CODM rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s the balan<span class=\"_ _0\"></span>ce sheet at a G<span class=\"_ _0\"></span>roup level w<span class=\"_ _0\"></span>hich prov<span class=\"_ _0\"></span>ides t<span class=\"_ _0\"></span>he nece<span class=\"_ _0\"></span>ssar<span class=\"_ _0\"></span>y l<span class=\"_ _0\"></span>evel of<span class=\"_ gs1\"> </span>det<span class=\"_ _0\"></span>ail to make an informe<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of the financi<span class=\"_ _0\"></span>al posit<span class=\"_ _0\"></span>ion of the G<span class=\"_ _0\"></span>roup on whi<span class=\"_ _0\"></span>ch to base key busin<span class=\"_ _0\"></span>ess d<span class=\"_ _0\"></span>ecisio<span class=\"_ _0\"></span>ns.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "Revenue recog<span class=\"_ _0\"></span>nition<span class=\"_ _2cb\"> </span>Revenu<span class=\"_ _0\"></span>e in both se<span class=\"_ _0\"></span>gment<span class=\"_ _0\"></span>s compri<span class=\"_ _0\"></span>ses the a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s receiv<span class=\"_ _0\"></span>able for th<span class=\"_ _0\"></span>e sale of g<span class=\"_ _0\"></span>oods<span class=\"_ _0\"></span>, net of value a<span class=\"_ _0\"></span>dded t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>, rebates a<span class=\"_ _0\"></span>nd discount<span class=\"_ _0\"></span>s and<span class=\"_ gs1\"> </span>af<span class=\"_ _0\"></span>ter eliminat<span class=\"_ _0\"></span>ing sal<span class=\"_ _0\"></span>es withi<span class=\"_ _0\"></span>n the Group. Rev<span class=\"_ _0\"></span>enue from th<span class=\"_ _0\"></span>e sale of g<span class=\"_ _0\"></span>oods i<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en all per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance oblig<span class=\"_ _0\"></span>ations are m<span class=\"_ _0\"></span>et, which i<span class=\"_ _0\"></span>s when th<span class=\"_ _0\"></span>e goo<span class=\"_ _0\"></span>ds are dispatch<span class=\"_ _0\"></span>ed or de<span class=\"_ _0\"></span>livered in lin<span class=\"_ _0\"></span>e with I<span class=\"_ _0\"></span>ncoterms. V<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>trex re<span class=\"_ _0\"></span>ceives M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al Unit Pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s (\u2018MU<span class=\"_ _0\"></span>Ps\u2019) fro<span class=\"_ _0\"></span>m a<span class=\"_ gs1\"> </span>numbe<span class=\"_ _0\"></span>r of medic<span class=\"_ _0\"></span>al custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s. MU<span class=\"_ _0\"></span>Ps are d<span class=\"_ _0\"></span>eferred p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s conting<span class=\"_ _0\"></span>ent on the cus<span class=\"_ _0\"></span>tomer s<span class=\"_ _0\"></span>elling it<span class=\"_ _0\"></span>s final com<span class=\"_ _0\"></span>ponent to t<span class=\"_ _0\"></span>he end use<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>. Revenu<span class=\"_ _0\"></span>e from MU<span class=\"_ _0\"></span>Ps is a for<span class=\"_ _0\"></span>m of variabl<span class=\"_ _0\"></span>e conside<span class=\"_ _0\"></span>ration w<span class=\"_ _0\"></span>here all pe<span class=\"_ _0\"></span>rfor<span class=\"_ _0\"></span>mance obl<span class=\"_ _0\"></span>igations hav<span class=\"_ _0\"></span>e been m<span class=\"_ _0\"></span>et when t<span class=\"_ _0\"></span>he material i<span class=\"_ _0\"></span>s sold by the Grou<span class=\"_ _0\"></span>p. The init<span class=\"_ _0\"></span>ial value of th<span class=\"_ _0\"></span>e MUP re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed is bas<span class=\"_ _0\"></span>ed on manag<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>\u2019s best e<span class=\"_ _0\"></span>stimate o<span class=\"_ _0\"></span>f the value tha<span class=\"_ _0\"></span>t will flow to t<span class=\"_ _0\"></span>he Group only to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent that it is hig<span class=\"_ _0\"></span>hly proba<span class=\"_ _0\"></span>ble that a si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant revers<span class=\"_ _0\"></span>al in the a<span class=\"_ _0\"></span>mount of cumulat<span class=\"_ _0\"></span>ive revenu<span class=\"_ _0\"></span>e recognis<span class=\"_ _0\"></span>ed will n<span class=\"_ _0\"></span>ot occur whe<span class=\"_ _0\"></span>n the uncer<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>inty as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h the variab<span class=\"_ _0\"></span>le consid<span class=\"_ _0\"></span>eration i<span class=\"_ _0\"></span>s subseq<span class=\"_ _0\"></span>uently re<span class=\"_ _0\"></span>solve<span class=\"_ _0\"></span>d. This w<span class=\"_ _0\"></span>ill be adju<span class=\"_ _0\"></span>sted as a<span class=\"_ _0\"></span>ppropr<span class=\"_ _0\"></span>iate, with a<span class=\"_ gs1\"> </span>final ad<span class=\"_ _0\"></span>justme<span class=\"_ _0\"></span>nt being ma<span class=\"_ _0\"></span>de in the p<span class=\"_ _0\"></span>eriod t<span class=\"_ _0\"></span>he final de<span class=\"_ _0\"></span>claratio<span class=\"_ _0\"></span>n is made. T<span class=\"_ _0\"></span>he value of M<span class=\"_ _0\"></span>UP<span class=\"_ _0\"></span>s recogni<span class=\"_ _0\"></span>sed but n<span class=\"_ _0\"></span>ot invoiced is in<span class=\"_ _0\"></span>cluded in<span class=\"_ gs1\"> </span>prep<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s and accru<span class=\"_ _0\"></span>ed incom<span class=\"_ _0\"></span>e. See note 14.<span class=\"_ _2cb\"> </span>No rev<span class=\"_ _0\"></span>enue is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d if there is si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant uncer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y rega<span class=\"_ _0\"></span>rding recover<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he consid<span class=\"_ _0\"></span>eration du<span class=\"_ _0\"></span>e or ass<span class=\"_ _0\"></span>ociate<span class=\"_ _0\"></span>d cost<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has ta<span class=\"_ _0\"></span>ken advanta<span class=\"_ _0\"></span>ge of the e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>dient allow<span class=\"_ _0\"></span>ed in IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>5 (1<span class=\"_ _2\"></span>21<span class=\"_ _2\"></span>b) not to dis<span class=\"_ _0\"></span>close info<span class=\"_ _0\"></span>rmation a<span class=\"_ _0\"></span>bout it<span class=\"_ _0\"></span>s remain<span class=\"_ _0\"></span>ing per<span class=\"_ _0\"></span>forman<span class=\"_ _0\"></span>ce oblig<span class=\"_ _0\"></span>ations b<span class=\"_ _0\"></span>ecaus<span class=\"_ _0\"></span>e the Grou<span class=\"_ _0\"></span>p only reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s revenue on t<span class=\"_ _0\"></span>he satis<span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>tion of p<span class=\"_ _0\"></span>erfo<span class=\"_ _0\"></span>rmance ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _0\"></span>ns.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "Information about geographical areas<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s countr<span class=\"_ _0\"></span>y of domicil<span class=\"_ _0\"></span>e is the Uni<span class=\"_ _0\"></span>ted King<span class=\"_ _0\"></span>dom. 1<span class=\"_ _2\"></span>) <span class=\"_ _2f\"> </span>R<span class=\"_ _0\"></span>evenue f<span class=\"_ _0\"></span>rom ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal sale<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>The fo<span class=\"_ _0\"></span>llowing is a<span class=\"_ _0\"></span>n analys<span class=\"_ _0\"></span>is of revenue fro<span class=\"_ _0\"></span>m ex<span class=\"_ _0\"></span>ternal s<span class=\"_ _0\"></span>ales ba<span class=\"_ _0\"></span>sed on th<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>er\u2019s loc<span class=\"_ _0\"></span>ation.<span class=\"_ _2cb\"> </span>Reve<span class=\"_ _0\"></span>nue fr<span class=\"_ _0\"></span>om ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al sal<span class=\"_ _0\"></span>es<span class=\"_ _2cb\"> </span>Sustainable<span class=\"_ _10f\"> </span><span class=\"ff28 ls66 ws62\">Sust<span class=\"_ _0\"></span>ainable<span class=\"_ _2cb\"> </span></span>Solutions<span class=\"_ _ec\"> </span><span class=\"ls19b ws19c\">Medical<span class=\"_ _102\"> </span><span class=\"lsd8 wsd1\">2023<span class=\"_ _e1\"> </span><span class=\"ff28 ls198 ws19a\">So<span class=\"_ _0\"></span>lutions<span class=\"_ _f1\"> </span><span class=\"ls9a ws8f\">Medical<span class=\"_ _109\"> </span><span class=\"lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span></span></span></span></span>\u00a3m<span class=\"_ _62\"> </span>\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _2cb\"> </span></span>United K<span class=\"_ _0\"></span>ingd<span class=\"_ _0\"></span>om <span class=\"_ _104\"> </span><span class=\"ff27 lsfa wsf4\">4.2<span class=\"_ _62\"> </span></span><span class=\"ff27\">\u2014<span class=\"_ _186\"> </span><span class=\"lsfa wsf4\">4.2<span class=\"_ _106\"> </span></span></span><span class=\"ls12 ws1f\">4.3<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _106\"> </span><span class=\"ls12 ws1f\">4.3<span class=\"_ _2cb\"> </span></span>Europe, the M<span class=\"_ _0\"></span>iddle E<span class=\"_ _0\"></span>ast and Afr<span class=\"_ _0\"></span>ica (\u2018EM<span class=\"_ _0\"></span>EA<span class=\"_ _1\"></span>\u2019<span class=\"_ _0\"></span>)<span class=\"_ _df\"> </span><span class=\"ff27 lse1 wsdb\">111<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _8a\"> </span><span class=\"lsf wsd\">16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _3f\"> </span><span class=\"lscd wse4\">1<span class=\"_ _0\"></span>2<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>6<span class=\"_ _3d\"> </span></span></span></span><span class=\"ls60 ws5b\">12<span class=\"_ _6\"></span>9<span class=\"_ _6\"></span>.1<span class=\"_ _45\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _3f\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></span></span>Americas <span class=\"_ _1a5\"> </span><span class=\"ff27 ls6d wsc6\">52<span class=\"_ _0\"></span>.7<span class=\"_ _42\"> </span><span class=\"ls17 ws14\">30.0<span class=\"_ _42\"> </span></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.7<span class=\"_ _8a\"> </span></span><span class=\"ls16 wsc1\">65.<span class=\"_ _0\"></span>8<span class=\"_ _8b\"> </span><span class=\"lsde wsd8\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _8a\"> </span><span class=\"ls9 ws7\">9<span class=\"_ _0\"></span>4.5<span class=\"_ _2cb\"> </span></span></span></span>A<span class=\"_ _0\"></span>sia-<span class=\"_ _0\"></span>Pacific<span class=\"_ _170\"> </span><span class=\"ff27 ls6d wsc6\">73.7<span class=\"_ _42\"> </span><span class=\"ls10 wse\">18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _42\"> </span><span class=\"ls1c ws1a\">92<span class=\"_ _0\"></span>.5<span class=\"_ _8b\"> </span></span></span></span><span class=\"ls9 ws7\">83.5<span class=\"_ _8b\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _11a\"> </span><span class=\"ls102 wsfa\">9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>9</span></span></span> <span class=\"_ _18b\"> </span><span class=\"ff27 ls1b ws19\">2<span class=\"_ _0\"></span>41.<span class=\"_ _0\"></span>8<span class=\"_ _8a\"> </span><span class=\"ls8 ws6\">65.<span class=\"_ _0\"></span>2<span class=\"_ _11f\"> </span><span class=\"lscd wse4\">3<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>7.<span class=\"_ _5\"></span>0<span class=\"_ _3f\"> </span></span></span></span><span class=\"lsde wsd8\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2.7<span class=\"_ _8b\"> </span><span class=\"ls12 ws1f\">58.3<span class=\"_ _3b\"> </span><span class=\"ls128 ws178\">3<span class=\"_ _0\"></span>41.<span class=\"_ _0\"></span>0<span class=\"_ _2cb\"> </span></span></span></span>Revenu<span class=\"_ _0\"></span>e from ex<span class=\"_ _0\"></span>ternal cu<span class=\"_ _0\"></span>stomer<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>ed in Ger<span class=\"_ _0\"></span>many was \u00a373.<span class=\"_ _0\"></span>2m (2<span class=\"_ _1\"></span>022: \u00a390.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m), the US was \u00a375.7<span class=\"_ _1\"></span>m (2022: \u00a387<span class=\"_ _8\"></span>.6m) and China was \u00a345.5m (20<span class=\"_ _1\"></span>22: \u00a340.3m). The re<span class=\"_ _0\"></span>venue from any ind<span class=\"_ _0\"></span>ividua<span class=\"_ _0\"></span>l countr<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, wit<span class=\"_ _0\"></span>h the excep<span class=\"_ _0\"></span>tion of Ge<span class=\"_ _0\"></span>rmany<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>e US and China, is not more t<span class=\"_ _0\"></span>han 1<span class=\"_ _1\"></span>0% of the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s tot<span class=\"_ _0\"></span>al revenue in e<span class=\"_ _0\"></span>ither th<span class=\"_ _0\"></span>e current or pr<span class=\"_ _0\"></span>ior year. 2)  N<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent asset<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>The fo<span class=\"_ _0\"></span>llowing is a<span class=\"_ _0\"></span>n analys<span class=\"_ _0\"></span>is of the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets by t<span class=\"_ _0\"></span>he geo<span class=\"_ _0\"></span>graphic<span class=\"_ _0\"></span>al area in w<span class=\"_ _0\"></span>hich the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are lo<span class=\"_ _0\"></span>cated. N<span class=\"_ _0\"></span>on-<span class=\"_ _2cb\"> </span>current a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>y, plant and equip<span class=\"_ _0\"></span>ment, int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s, and i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ents in a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates. I<span class=\"_ _0\"></span>t doe<span class=\"_ _0\"></span>s not includ<span class=\"_ _0\"></span>e retireme<span class=\"_ _0\"></span>nt benefit asset<span class=\"_ _0\"></span>s, deferr<span class=\"_ _1\"></span>ed ta<span class=\"_ _0\"></span>x assets and financia<span class=\"_ _1\"></span>l instruments. 2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>United Kin<span class=\"_ _1\"></span>gdom<span class=\"_ _15d\"> </span><span class=\"ff27 ls15 ws13\">253<span class=\"_ _0\"></span>.8<span class=\"_ _3b\"> </span></span><span class=\"ls102 wsfa\">2<span class=\"_ _0\"></span>5<span class=\"_ _5\"></span>7.<span class=\"_ _6\"></span>8<span class=\"_ _2cb\"> </span></span>China<span class=\"_ _1b8\"> </span><span class=\"ff27 ls7f ws70\">91.<span class=\"_ _0\"></span>3<span class=\"_ _8b\"> </span></span><span class=\"ls6 ws0\">85.3<span class=\"_ _2cb\"> </span></span>Other<span class=\"_ _1b8\"> </span><span class=\"ff27 ls1a ws1d\">33.<span class=\"_ _0\"></span>9<span class=\"_ _8a\"> </span></span><span class=\"lsde wsd8\">3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.7</span> <span class=\"_ _1b9\"> </span><span class=\"fc3 ls86 wsba\">379.0<span class=\"_ _3b\"> </span><span class=\"ff28 ls102 wsfa\">3<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>7.<span class=\"_ _5\"></span>8<span class=\"_ _2cb\"> </span></span></span>No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>current a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d in any indivi<span class=\"_ _0\"></span>dual countr<span class=\"_ _0\"></span>y, with the exce<span class=\"_ _0\"></span>ption of th<span class=\"_ _0\"></span>e United K<span class=\"_ _0\"></span>ingdo<span class=\"_ _0\"></span>m and China, is not more t<span class=\"_ _0\"></span>han 1<span class=\"_ _1\"></span>0% of the Group\u2019s total no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>current a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s (F<span class=\"_ _0\"></span>Y 2022: same).<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeographicalAreasExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "Info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>ion ab<span class=\"_ _0\"></span>out m<span class=\"_ _0\"></span>ajor cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs<span class=\"_ _2cb\"> </span>In the c<span class=\"_ _0\"></span>urrent year n<span class=\"_ _0\"></span>o custom<span class=\"_ _0\"></span>ers contr<span class=\"_ _0\"></span>ibuted m<span class=\"_ _0\"></span>ore than 10<span class=\"_ _1\"></span>% to Gro<span class=\"_ _0\"></span>up revenue (F<span class=\"_ _0\"></span>Y 2022: one cus<span class=\"_ _0\"></span>tomer w<span class=\"_ _0\"></span>ithin our Sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>ble So<span class=\"_ _0\"></span>lutions seg<span class=\"_ _0\"></span>ment contrib<span class=\"_ _0\"></span>uted mo<span class=\"_ _0\"></span>re than 1<span class=\"_ _1\"></span>0% to Group re<span class=\"_ _0\"></span>venue).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSegmentsMajorCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "<div class=\"t m0 h9 ff27 fs6 fc2 sc0 ls4a ws46 gs14f\">3. Operating profit<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs150\">Det<span class=\"_ _0\"></span>ailed b<span class=\"_ _0\"></span>elow are th<span class=\"_ _0\"></span>e key amount<span class=\"_ _0\"></span>s recogni<span class=\"_ _0\"></span>sed in arr<span class=\"_ _0\"></span>iving at o<span class=\"_ _0\"></span>ur opera<span class=\"_ _0\"></span>ting profit:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs151\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs152\">Not<span class=\"_ _0\"></span>e <span class=\"_ _124\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls14 ws12 gs153\">Research and development expenses<span class=\"_ _1ba\"> </span><span class=\"lsa6 ws9b\">10<span class=\"_ _8a\"> </span><span class=\"ff27 ls10 wse\">18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _45\"> </span></span><span class=\"ls12a ws122\">15<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12d ws125 gs154\">S<span class=\"_ _1\"></span>taff costs<span class=\"_ _f8\"> </span><span class=\"ls6 ws0\"> 5<span class=\"_ _184\"> </span><span class=\"ff27 lsa ws8\">78.<span class=\"_ _0\"></span>4<span class=\"_ _8a\"> </span></span><span class=\"ls29 ws26\">7<span class=\"_ _0\"></span>2.3<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs155\">Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n of prop<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>y, plant and equip<span class=\"_ _0\"></span>ment <span class=\"_ _1bb\"> </span>9 <span class=\"_ _40\"> </span><span class=\"ff27 ls1e ws1c\">19.<span class=\"_ _0\"></span>8<span class=\"_ _ad\"> </span></span><span class=\"lse1 wsdb\">19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs156\">Los<span class=\"_ _0\"></span>s on disp<span class=\"_ _0\"></span>osal of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets<span class=\"_ _192\"> </span><span class=\"lsa6 ws9b\">9,<span class=\"_ _0\"></span> 10<span class=\"_ _106\"> </span><span class=\"ff27 ls17 ws14\">0.<span class=\"_ _0\"></span>3<span class=\"_ _106\"> </span></span><span class=\"ls29 ws26\">2.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs157\">Amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation of intangibles<span class=\"_ _1bc\"> </span><span class=\"lsa6 ws9b\"> 10<span class=\"_ _0\"></span> <span class=\"_ _25\"> </span><span class=\"ff27 ls7f ws70\">1.7<span class=\"_ _db\"> </span></span><span class=\"ls29 ws26\">2.6<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs158\">T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les imp<span class=\"_ _0\"></span>airment all<span class=\"_ _0\"></span>owance dur<span class=\"_ _0\"></span>ing the year<span class=\"_ _1bd\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _25\"> </span><span class=\"ff27 ls7f ws70\">1.3<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs159\">Rever<span class=\"_ _0\"></span>sal of t<span class=\"_ _0\"></span>rade rece<span class=\"_ _0\"></span>ivable<span class=\"_ _0\"></span>s impair<span class=\"_ _0\"></span>ment allow<span class=\"_ _0\"></span>ance<span class=\"_ _1be\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _42\"> </span><span class=\"ff27 ls132 ws18d\">(1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9)<span class=\"_ _0\"></span> <span class=\"_ _e9\"> </span></span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs15a\">Inventor<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ten down d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar<span class=\"_ _198\"> </span><span class=\"lse2 wsdc\">13<span class=\"_ _13a\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _6\"></span>.1<span class=\"_ _db\"> </span></span><span class=\"ls9 ws7\">3.2<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs15b\">Rever<span class=\"_ _0\"></span>sal of pr<span class=\"_ _0\"></span>evious<span class=\"_ _0\"></span>ly writ<span class=\"_ _0\"></span>ten d<span class=\"_ _0\"></span>own inventor<span class=\"_ _0\"></span>y<span class=\"_ _1bb\"> </span><span class=\"lse2 wsdc\"> 13<span class=\"_ _0\"></span> <span class=\"_ _184\"> </span><span class=\"ff27 ls6d wsc6\">(2<span class=\"_ _0\"></span>.7)<span class=\"_ _8a\"> </span></span><span class=\"ls29 ws26\">(<span class=\"_ _0\"></span>2.5<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs15c\">Fe<span class=\"_ _0\"></span>es payabl<span class=\"_ _0\"></span>e to auditor<span class=\"_ _0\"></span>s<span class=\"_ _1bf\"> </span> 4<span class=\"_ _106\"> </span><span class=\"ff27 ls17 ws14\">0.8<span class=\"_ _b7\"> </span></span><span class=\"ls9 ws7\">0.5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs15d\">Excha<span class=\"_ _0\"></span>nge dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s recogni<span class=\"_ _0\"></span>sed in the Cons<span class=\"_ _0\"></span>olidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt, except for th<span class=\"_ _0\"></span>ose ar<span class=\"_ _0\"></span>ising on finan<span class=\"_ _0\"></span>cial instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s measure<span class=\"_ _0\"></span>d at fair </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs15e\">value thro<span class=\"_ _0\"></span>ugh profit o<span class=\"_ _0\"></span>r loss in a<span class=\"_ _0\"></span>ccordance w<span class=\"_ _0\"></span>ith IF<span class=\"_ _0\"></span>RS 9, are a los<span class=\"_ _0\"></span>s of \u00a30.6m (F<span class=\"_ _0\"></span>Y 2022: gain of \u00a32.2m)<span class=\"_ _1\"></span>. </div>Exceptional<span class=\"_ _1\"></span> items<span class=\"_ _2cb\"> </span>Exce<span class=\"_ _0\"></span>ptional i<span class=\"_ _0\"></span>tems are tho<span class=\"_ _0\"></span>se whic<span class=\"_ _0\"></span>h are, in aggregate, mate<span class=\"_ _0\"></span>rial in size and<span class=\"_ _0\"></span>/or unusua<span class=\"_ _0\"></span>l or infreque<span class=\"_ _0\"></span>nt in nature.<span class=\"_ _2cb\"> </span>Exce<span class=\"_ _0\"></span>ptional i<span class=\"_ _0\"></span>tems were as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Inclu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin sal<span class=\"_ _0\"></span>es, marketing a<span class=\"_ _0\"></span>nd adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses: <span class=\"_ _1c0\"> </span><span class=\"ff27\"> <span class=\"_ _163\"> </span></span> Impl<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>ation of S<span class=\"_ _0\"></span>aaS ERP s<span class=\"_ _0\"></span>yste<span class=\"_ _0\"></span>m<span class=\"_ _1bf\"> </span><span class=\"ff27 lscd wse4\">7.<span class=\"_ _6\"></span>5<span class=\"_ _124\"> </span></span><span class=\"ls102 wsfa\">7.<span class=\"_ _6\"></span>9<span class=\"_ _2cb\"> </span></span>Exce<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l item<span class=\"_ _0\"></span>s bef<span class=\"_ _0\"></span>ore t<span class=\"_ _0\"></span>ax<span class=\"_ _fe\"> </span><span class=\"fc3 lscd wse4\">7.<span class=\"_ _6\"></span>5<span class=\"_ _124\"> </span><span class=\"ff28 ls102 wsfa\">7.<span class=\"_ _6\"></span>9<span class=\"_ _2cb\"> </span></span></span>T<span class=\"_ _1\"></span>ax on e<span class=\"_ _0\"></span>xceptiona<span class=\"_ _0\"></span>l items <span class=\"_ _1c1\"> </span><span class=\"ff27 ls132 ws18d\">(1.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _ad\"> </span></span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>Exce<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l item<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>ax<span class=\"_ _1c2\"> </span><span class=\"fc3 ls12d ws125\">5.8<span class=\"_ _106\"> </span><span class=\"ff28 ls15 ws13\">6.4<span class=\"_ _2cb\"> </span></span></span>Im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of Sa<span class=\"_ _0\"></span>aS ER<span class=\"_ _0\"></span>P sys<span class=\"_ _0\"></span>tem During F<span class=\"_ _0\"></span>Y 2022 th<span class=\"_ _0\"></span>e Group comm<span class=\"_ _0\"></span>enced a mult<span class=\"_ _0\"></span>i-ye<span class=\"_ _0\"></span>ar implem<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on of a new cl<span class=\"_ _0\"></span>oud-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed ERP s<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>tem. The im<span class=\"_ _0\"></span>plem<span class=\"_ _0\"></span>entatio<span class=\"_ _0\"></span>n, which inc<span class=\"_ _0\"></span>ludes proce<span class=\"_ _0\"></span>ss red<span class=\"_ _0\"></span>esign, cus<span class=\"_ _0\"></span>tomisa<span class=\"_ _0\"></span>tion and co<span class=\"_ _0\"></span>nfiguratio<span class=\"_ _0\"></span>n of the sy<span class=\"_ _0\"></span>stem, c<span class=\"_ _0\"></span>hange manag<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span>d training, wil<span class=\"_ _0\"></span>l deliver b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>its to b<span class=\"_ _0\"></span>oth custom<span class=\"_ _0\"></span>er interac<span class=\"_ _0\"></span>tions a<span class=\"_ _0\"></span>nd internal bus<span class=\"_ _0\"></span>iness p<span class=\"_ _0\"></span>roces<span class=\"_ _0\"></span>ses. The n<span class=\"_ _0\"></span>ew ERP s<span class=\"_ _0\"></span>yste<span class=\"_ _0\"></span>m doe<span class=\"_ _0\"></span>s not meet t<span class=\"_ _0\"></span>he criter<span class=\"_ _0\"></span>ia for capi<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ation (as the m<span class=\"_ _0\"></span>ajorit<span class=\"_ _0\"></span>y of cos<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>lating to pas<span class=\"_ _0\"></span>t sy<span class=\"_ _0\"></span>stems have), in line with t<span class=\"_ _0\"></span>he IF<span class=\"_ _0\"></span>RS Interp<span class=\"_ _0\"></span>retati<span class=\"_ _0\"></span>ons Commit<span class=\"_ _0\"></span>tee\u2019s decisi<span class=\"_ _0\"></span>on clarif<span class=\"_ _0\"></span>ying h<span class=\"_ _0\"></span>ow arrang<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>s in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of cloud<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>ased S<span class=\"_ _0\"></span>oft<span class=\"_ _0\"></span>ware a<span class=\"_ _0\"></span>s a Ser<span class=\"_ _0\"></span>vice (\u2018<span class=\"_ _0\"></span>SaaS\u2019) sy<span class=\"_ _0\"></span>stems sh<span class=\"_ _0\"></span>ould be accounte<span class=\"_ _0\"></span>d for<span class=\"_ _1\"></span>. Accordingl<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the cos<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pense<span class=\"_ _0\"></span>d rather tha<span class=\"_ _0\"></span>n capit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d and amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed. Gi<span class=\"_ _0\"></span>ven the size of th<span class=\"_ _0\"></span>e projec<span class=\"_ _0\"></span>t and it<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ted profi<span class=\"_ _0\"></span>t-bas<span class=\"_ _0\"></span>ed metr<span class=\"_ _0\"></span>ics, t<span class=\"_ _0\"></span>he fac<span class=\"_ _0\"></span>t the sy<span class=\"_ _0\"></span>stem is ev<span class=\"_ _0\"></span>ergreen a<span class=\"_ _0\"></span>nd thus this le<span class=\"_ _0\"></span>vel and nature of co<span class=\"_ _0\"></span>st will no<span class=\"_ _0\"></span>t happen a<span class=\"_ _0\"></span>gain, it me<span class=\"_ _0\"></span>ets t<span class=\"_ _0\"></span>he Group\u2019s criteri<span class=\"_ _0\"></span>a to be pres<span class=\"_ _0\"></span>ented as exce<span class=\"_ _0\"></span>ptional. T<span class=\"_ _0\"></span>he ERP s<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>tem is exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be sub<span class=\"_ _0\"></span>stant<span class=\"_ _0\"></span>ially comp<span class=\"_ _0\"></span>lete in 2024.<span class=\"_ _2cb\"> </span>The c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>w in the year as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h exceptio<span class=\"_ _0\"></span>nal items was a \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.6m out<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow (F<span class=\"_ _0\"></span>Y 2022: \u00a3<span class=\"_ _1\"></span>5.6<span class=\"_ _0\"></span>m out<span class=\"_ _0\"></span>flow).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "3. Operating profit<span class=\"_ _2cb\"> </span>Det<span class=\"_ _0\"></span>ailed b<span class=\"_ _0\"></span>elow are th<span class=\"_ _0\"></span>e key amount<span class=\"_ _0\"></span>s recogni<span class=\"_ _0\"></span>sed in arr<span class=\"_ _0\"></span>iving at o<span class=\"_ _0\"></span>ur opera<span class=\"_ _0\"></span>ting profit:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>Not<span class=\"_ _0\"></span>e <span class=\"_ _124\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Research and development expenses<span class=\"_ _1ba\"> </span><span class=\"lsa6 ws9b\">10<span class=\"_ _8a\"> </span><span class=\"ff27 ls10 wse\">18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _45\"> </span></span><span class=\"ls12a ws122\">15<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span>S<span class=\"_ _1\"></span>taff costs<span class=\"_ _f8\"> </span><span class=\"ls6 ws0\"> 5<span class=\"_ _184\"> </span><span class=\"ff27 lsa ws8\">78.<span class=\"_ _0\"></span>4<span class=\"_ _8a\"> </span></span><span class=\"ls29 ws26\">7<span class=\"_ _0\"></span>2.3<span class=\"_ _2cb\"> </span></span></span>Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n of prop<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>y, plant and equip<span class=\"_ _0\"></span>ment <span class=\"_ _1bb\"> </span>9 <span class=\"_ _40\"> </span><span class=\"ff27 ls1e ws1c\">19.<span class=\"_ _0\"></span>8<span class=\"_ _ad\"> </span></span><span class=\"lse1 wsdb\">19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _2cb\"> </span></span>Los<span class=\"_ _0\"></span>s on disp<span class=\"_ _0\"></span>osal of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets<span class=\"_ _192\"> </span><span class=\"lsa6 ws9b\">9,<span class=\"_ _0\"></span> 10<span class=\"_ _106\"> </span><span class=\"ff27 ls17 ws14\">0.<span class=\"_ _0\"></span>3<span class=\"_ _106\"> </span></span><span class=\"ls29 ws26\">2.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></span>Amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation of intangibles<span class=\"_ _1bc\"> </span><span class=\"lsa6 ws9b\"> 10<span class=\"_ _0\"></span> <span class=\"_ _25\"> </span><span class=\"ff27 ls7f ws70\">1.7<span class=\"_ _db\"> </span></span><span class=\"ls29 ws26\">2.6<span class=\"_ _2cb\"> </span></span></span>T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les imp<span class=\"_ _0\"></span>airment all<span class=\"_ _0\"></span>owance dur<span class=\"_ _0\"></span>ing the year<span class=\"_ _1bd\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _25\"> </span><span class=\"ff27 ls7f ws70\">1.3<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></span>Rever<span class=\"_ _0\"></span>sal of t<span class=\"_ _0\"></span>rade rece<span class=\"_ _0\"></span>ivable<span class=\"_ _0\"></span>s impair<span class=\"_ _0\"></span>ment allow<span class=\"_ _0\"></span>ance<span class=\"_ _1be\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _42\"> </span><span class=\"ff27 ls132 ws18d\">(1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9)<span class=\"_ _0\"></span> <span class=\"_ _e9\"> </span></span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span>Inventor<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ten down d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar<span class=\"_ _198\"> </span><span class=\"lse2 wsdc\">13<span class=\"_ _13a\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _6\"></span>.1<span class=\"_ _db\"> </span></span><span class=\"ls9 ws7\">3.2<span class=\"_ _2cb\"> </span></span></span>Rever<span class=\"_ _0\"></span>sal of pr<span class=\"_ _0\"></span>evious<span class=\"_ _0\"></span>ly writ<span class=\"_ _0\"></span>ten d<span class=\"_ _0\"></span>own inventor<span class=\"_ _0\"></span>y<span class=\"_ _1bb\"> </span><span class=\"lse2 wsdc\"> 13<span class=\"_ _0\"></span> <span class=\"_ _184\"> </span><span class=\"ff27 ls6d wsc6\">(2<span class=\"_ _0\"></span>.7)<span class=\"_ _8a\"> </span></span><span class=\"ls29 ws26\">(<span class=\"_ _0\"></span>2.5<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span>Fe<span class=\"_ _0\"></span>es payabl<span class=\"_ _0\"></span>e to auditor<span class=\"_ _0\"></span>s<span class=\"_ _1bf\"> </span> 4<span class=\"_ _106\"> </span><span class=\"ff27 ls17 ws14\">0.8<span class=\"_ _b7\"> </span></span><span class=\"ls9 ws7\">0.5<span class=\"_ _2cb\"> </span></span>Excha<span class=\"_ _0\"></span>nge dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s recogni<span class=\"_ _0\"></span>sed in the Cons<span class=\"_ _0\"></span>olidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt, except for th<span class=\"_ _0\"></span>ose ar<span class=\"_ _0\"></span>ising on finan<span class=\"_ _0\"></span>cial instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s measure<span class=\"_ _0\"></span>d at fair value thro<span class=\"_ _0\"></span>ugh profit o<span class=\"_ _0\"></span>r loss in a<span class=\"_ _0\"></span>ccordance w<span class=\"_ _0\"></span>ith IF<span class=\"_ _0\"></span>RS 9, are a los<span class=\"_ _0\"></span>s of \u00a30.6m (F<span class=\"_ _0\"></span>Y 2022: gain of \u00a32.2m)<span class=\"_ _1\"></span>. Exceptional<span class=\"_ _1\"></span> items<span class=\"_ _2cb\"> </span>Exce<span class=\"_ _0\"></span>ptional i<span class=\"_ _0\"></span>tems are tho<span class=\"_ _0\"></span>se whic<span class=\"_ _0\"></span>h are, in aggregate, mate<span class=\"_ _0\"></span>rial in size and<span class=\"_ _0\"></span>/or unusua<span class=\"_ _0\"></span>l or infreque<span class=\"_ _0\"></span>nt in nature.<span class=\"_ _2cb\"> </span>Exce<span class=\"_ _0\"></span>ptional i<span class=\"_ _0\"></span>tems were as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Inclu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin sal<span class=\"_ _0\"></span>es, marketing a<span class=\"_ _0\"></span>nd adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses: <span class=\"_ _1c0\"> </span><span class=\"ff27\"> <span class=\"_ _163\"> </span></span> Impl<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>ation of S<span class=\"_ _0\"></span>aaS ERP s<span class=\"_ _0\"></span>yste<span class=\"_ _0\"></span>m<span class=\"_ _1bf\"> </span><span class=\"ff27 lscd wse4\">7.<span class=\"_ _6\"></span>5<span class=\"_ _124\"> </span></span><span class=\"ls102 wsfa\">7.<span class=\"_ _6\"></span>9<span class=\"_ _2cb\"> </span></span>Exce<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l item<span class=\"_ _0\"></span>s bef<span class=\"_ _0\"></span>ore t<span class=\"_ _0\"></span>ax<span class=\"_ _fe\"> </span><span class=\"fc3 lscd wse4\">7.<span class=\"_ _6\"></span>5<span class=\"_ _124\"> </span><span class=\"ff28 ls102 wsfa\">7.<span class=\"_ _6\"></span>9<span class=\"_ _2cb\"> </span></span></span>T<span class=\"_ _1\"></span>ax on e<span class=\"_ _0\"></span>xceptiona<span class=\"_ _0\"></span>l items <span class=\"_ _1c1\"> </span><span class=\"ff27 ls132 ws18d\">(1.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _ad\"> </span></span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>Exce<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l item<span class=\"_ _0\"></span>s af<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>ax<span class=\"_ _1c2\"> </span><span class=\"fc3 ls12d ws125\">5.8<span class=\"_ _106\"> </span><span class=\"ff28 ls15 ws13\">6.4<span class=\"_ _2cb\"> </span></span></span>Im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on of Sa<span class=\"_ _0\"></span>aS ER<span class=\"_ _0\"></span>P sys<span class=\"_ _0\"></span>tem During F<span class=\"_ _0\"></span>Y 2022 th<span class=\"_ _0\"></span>e Group comm<span class=\"_ _0\"></span>enced a mult<span class=\"_ _0\"></span>i-ye<span class=\"_ _0\"></span>ar implem<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on of a new cl<span class=\"_ _0\"></span>oud-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed ERP s<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>tem. The im<span class=\"_ _0\"></span>plem<span class=\"_ _0\"></span>entatio<span class=\"_ _0\"></span>n, which inc<span class=\"_ _0\"></span>ludes proce<span class=\"_ _0\"></span>ss red<span class=\"_ _0\"></span>esign, cus<span class=\"_ _0\"></span>tomisa<span class=\"_ _0\"></span>tion and co<span class=\"_ _0\"></span>nfiguratio<span class=\"_ _0\"></span>n of the sy<span class=\"_ _0\"></span>stem, c<span class=\"_ _0\"></span>hange manag<span class=\"_ _0\"></span>ement an<span class=\"_ _0\"></span>d training, wil<span class=\"_ _0\"></span>l deliver b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>its to b<span class=\"_ _0\"></span>oth custom<span class=\"_ _0\"></span>er interac<span class=\"_ _0\"></span>tions a<span class=\"_ _0\"></span>nd internal bus<span class=\"_ _0\"></span>iness p<span class=\"_ _0\"></span>roces<span class=\"_ _0\"></span>ses. The n<span class=\"_ _0\"></span>ew ERP s<span class=\"_ _0\"></span>yste<span class=\"_ _0\"></span>m doe<span class=\"_ _0\"></span>s not meet t<span class=\"_ _0\"></span>he criter<span class=\"_ _0\"></span>ia for capi<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ation (as the m<span class=\"_ _0\"></span>ajorit<span class=\"_ _0\"></span>y of cos<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>lating to pas<span class=\"_ _0\"></span>t sy<span class=\"_ _0\"></span>stems have), in line with t<span class=\"_ _0\"></span>he IF<span class=\"_ _0\"></span>RS Interp<span class=\"_ _0\"></span>retati<span class=\"_ _0\"></span>ons Commit<span class=\"_ _0\"></span>tee\u2019s decisi<span class=\"_ _0\"></span>on clarif<span class=\"_ _0\"></span>ying h<span class=\"_ _0\"></span>ow arrang<span class=\"_ _0\"></span>ement<span class=\"_ _0\"></span>s in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of cloud<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>ased S<span class=\"_ _0\"></span>oft<span class=\"_ _0\"></span>ware a<span class=\"_ _0\"></span>s a Ser<span class=\"_ _0\"></span>vice (\u2018<span class=\"_ _0\"></span>SaaS\u2019) sy<span class=\"_ _0\"></span>stems sh<span class=\"_ _0\"></span>ould be accounte<span class=\"_ _0\"></span>d for<span class=\"_ _1\"></span>. Accordingl<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the cos<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pense<span class=\"_ _0\"></span>d rather tha<span class=\"_ _0\"></span>n capit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d and amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed. Gi<span class=\"_ _0\"></span>ven the size of th<span class=\"_ _0\"></span>e projec<span class=\"_ _0\"></span>t and it<span class=\"_ _0\"></span>s imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ted profi<span class=\"_ _0\"></span>t-bas<span class=\"_ _0\"></span>ed metr<span class=\"_ _0\"></span>ics, t<span class=\"_ _0\"></span>he fac<span class=\"_ _0\"></span>t the sy<span class=\"_ _0\"></span>stem is ev<span class=\"_ _0\"></span>ergreen a<span class=\"_ _0\"></span>nd thus this le<span class=\"_ _0\"></span>vel and nature of co<span class=\"_ _0\"></span>st will no<span class=\"_ _0\"></span>t happen a<span class=\"_ _0\"></span>gain, it me<span class=\"_ _0\"></span>ets t<span class=\"_ _0\"></span>he Group\u2019s criteri<span class=\"_ _0\"></span>a to be pres<span class=\"_ _0\"></span>ented as exce<span class=\"_ _0\"></span>ptional. T<span class=\"_ _0\"></span>he ERP s<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>tem is exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be sub<span class=\"_ _0\"></span>stant<span class=\"_ _0\"></span>ially comp<span class=\"_ _0\"></span>lete in 2024.<span class=\"_ _2cb\"> </span>The c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>w in the year as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h exceptio<span class=\"_ _0\"></span>nal items was a \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.6m out<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow (F<span class=\"_ _0\"></span>Y 2022: \u00a3<span class=\"_ _1\"></span>5.6<span class=\"_ _0\"></span>m out<span class=\"_ _0\"></span>flow).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "Exceptional<span class=\"_ _1\"></span> items<span class=\"_ _2cb\"> </span>Exce<span class=\"_ _0\"></span>ptional i<span class=\"_ _0\"></span>tems are tho<span class=\"_ _0\"></span>se whic<span class=\"_ _0\"></span>h are, in aggregate, mate<span class=\"_ _0\"></span>rial in size and<span class=\"_ _0\"></span>/or unusua<span class=\"_ _0\"></span>l or infreque<span class=\"_ _0\"></span>nt in nature.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExceptionalItemsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "<div class=\"t m0 h9 ff27 fs6 fc2 sc0 ls6 ws0 gs163\">4<span class=\"_ _0\"></span>. Fees p<span class=\"_ _0\"></span>ay<span class=\"_ _1\"></span>abl<span class=\"_ _0\"></span>e to auditor<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs164\">Auditor<span class=\"_ _0\"></span>s\u2019 remune<span class=\"_ _0\"></span>ration was a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs165\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls17f ws183 gs166\">\u00a3000<span class=\"_ _1\"></span> <span class=\"_ _11a\"> </span><span class=\"ff28 ls19c ws19d\">\u00a3000 </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs167\">Audit s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vices re<span class=\"_ _0\"></span>lating to:<span class=\"_ _1c3\"> </span><span class=\"ff27\"> <span class=\"_ _163\"> </span></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs168\">\u2013 Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x plc and Gro<span class=\"_ _0\"></span>up consol<span class=\"_ _0\"></span>idation*<span class=\"_ _1c4\"> </span><span class=\"ff27 ls1a ws1d\">330<span class=\"_ _102\"> </span></span><span class=\"lse0 wsda\">17<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs169\">\u2013 The Comp<span class=\"_ _0\"></span>any\u2019s subsidiari<span class=\"_ _0\"></span>es, pur<span class=\"_ _0\"></span>suant to leg<span class=\"_ _0\"></span>islation<span class=\"_ _97\"> </span><span class=\"ff27 lsa ws8\">4<span class=\"_ _0\"></span>63<span class=\"_ _25\"> </span></span><span class=\"ls20 wscc\">335</span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs16a\"> <span class=\"_ _1c5\"> </span><span class=\"ff27 ls14 ws12\">793<span class=\"_ _25\"> </span></span><span class=\"ls7e ws76\">5<span class=\"_ _0\"></span>07<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs16b\">* <span class=\"_ _15\"> </span> <span class=\"_ _1c\"></span>In re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n to F<span class=\"_ _0\"></span>Y 2022 year-<span class=\"_ _0\"></span>end re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, P<span class=\"_ _0\"></span>wC cha<span class=\"_ _0\"></span>rged a<span class=\"_ _0\"></span>n addit<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l audit fe<span class=\"_ _0\"></span>e of \u00a370,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 whic<span class=\"_ _0\"></span>h was bill<span class=\"_ _0\"></span>ed in 2023. Gi<span class=\"_ _0\"></span>ven th<span class=\"_ _0\"></span>e timing o<span class=\"_ _0\"></span>f the ag<span class=\"_ _0\"></span>reem<span class=\"_ _0\"></span>ent </div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs16c\">of this fe<span class=\"_ _0\"></span>e, the am<span class=\"_ _0\"></span>ount wa<span class=\"_ _0\"></span>s not incl<span class=\"_ _0\"></span>uded w<span class=\"_ _0\"></span>ithin t<span class=\"_ _0\"></span>he aud<span class=\"_ _0\"></span>it fee dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed for F<span class=\"_ _0\"></span>Y 202<span class=\"_ _0\"></span>2 of \u00a3507<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0. It ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n add<span class=\"_ _0\"></span>ed to the F<span class=\"_ _0\"></span>Y 2023 fe<span class=\"_ _0\"></span>e of \u00a372<span class=\"_ _0\"></span>3,00<span class=\"_ _0\"></span>0, </div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs16d\">incre<span class=\"_ _0\"></span>asing t<span class=\"_ _0\"></span>he tota<span class=\"_ _0\"></span>l amou<span class=\"_ _0\"></span>nt discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to \u00a3793,0<span class=\"_ _0\"></span>00.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs16e\">No<span class=\"_ _0\"></span>n-a<span class=\"_ _0\"></span>udit fe<span class=\"_ _0\"></span>es for F<span class=\"_ _0\"></span>Y 2023 we<span class=\"_ _0\"></span>re \u00a3nil (F<span class=\"_ _0\"></span>Y 2022: \u00a3nil<span class=\"_ _0\"></span>).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "<div class=\"t m0 h9 ff27 fs6 fc2 sc0 ls6 ws0 gs170\">5. Staf<span class=\"_ _0\"></span>f costs<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs171\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs172\">Not<span class=\"_ _0\"></span>e <span class=\"_ _124\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs173\">Wages an<span class=\"_ _0\"></span>d salari<span class=\"_ _0\"></span>es <span class=\"_ _1c6\"> </span> <span class=\"_ _f6\"> </span><span class=\"ff27 ls12d ws125\">65.0<span class=\"_ _ad\"> </span></span><span class=\"lsde wsd8\">59<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs174\">So<span class=\"_ _0\"></span>cial sec<span class=\"_ _0\"></span>urit<span class=\"_ _0\"></span>y cost<span class=\"_ _0\"></span>s <span class=\"_ _1c7\"> </span> <span class=\"_ _36\"> </span><span class=\"ff27 ls6d wsc6\">6.7<span class=\"_ _b7\"> </span></span>5.8<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs175\">Defined contri<span class=\"_ _1\"></span>bution pension schemes<span class=\"_ _190\"> </span><span class=\"lse0 wsda\">17<span class=\"_ _0\"></span> <span class=\"_ _25\"> </span><span class=\"ff27 ls6d wsc6\">6<span class=\"_ _0\"></span>.7<span class=\"_ _106\"> </span></span><span class=\"ls6 ws0\">5.<span class=\"_ _0\"></span>8<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1d ws1b gs176\">Defined ben<span class=\"_ _1\"></span>efit pension<span class=\"_ _1\"></span> schemes <span class=\"_ _1c8\"> </span><span class=\"lse0 wsda\">17<span class=\"_ _25\"> </span><span class=\"ff27 ls6d wsc6\">(0.7<span class=\"_ _0\"></span>)<span class=\"_ _42\"> </span></span><span class=\"ls22 ws6b\">(0<span class=\"_ _0\"></span>.3)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs177\">Equit<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>tled shar<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons <span class=\"_ _1b4\"> </span><span class=\"ls126 ws11f\">21<span class=\"_ _b7\"> </span><span class=\"ff27 ls6d wsc6\">0.7<span class=\"_ _b7\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>3</span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs178\"> <span class=\"_ _166\"> </span> <span class=\"_ _6a\"> </span><span class=\"ff27 lsa ws8\">78<span class=\"_ _0\"></span>.4<span class=\"_ _8b\"> </span></span><span class=\"ls29 ws26\">72.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs179\">Det<span class=\"_ _0\"></span>ailed dis<span class=\"_ _0\"></span>closure<span class=\"_ _0\"></span>s that form pa<span class=\"_ _0\"></span>rt of t<span class=\"_ _0\"></span>hese f<span class=\"_ _0\"></span>inancial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts are gi<span class=\"_ _0\"></span>ven in the Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tors\u2019 remu<span class=\"_ _0\"></span>neratio<span class=\"_ _0\"></span>n repor<span class=\"_ _0\"></span>t on p<span class=\"_ _0\"></span>ages 100 to 1<span class=\"_ _1\"></span>23.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs17a\">The m<span class=\"_ _0\"></span>onthly ave<span class=\"_ _0\"></span>rage numb<span class=\"_ _0\"></span>er of peo<span class=\"_ _0\"></span>ple em<span class=\"_ _0\"></span>ployed by t<span class=\"_ _0\"></span>he Group dur<span class=\"_ _0\"></span>ing the year, analyse<span class=\"_ _0\"></span>d by categ<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, was as fo<span class=\"_ _0\"></span>llows:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs17b\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls8a ws80 gs17c\">Number<span class=\"_ _3f\"> </span><span class=\"ff28 lsdd wsd7\">Number<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsd wsb gs17d\">Ma<span class=\"_ _0\"></span>ke<span class=\"_ _1c9\"> </span><span class=\"ff27 ls8 ws6\">654<span class=\"_ _25\"> </span></span><span class=\"ls17 ws14\">586<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs17e\">Devel<span class=\"_ _0\"></span>op, market and se<span class=\"_ _0\"></span>ll<span class=\"_ _1ca\"> </span><span class=\"ff27 ls17 ws14\">249<span class=\"_ _25\"> </span></span><span class=\"ls1c ws1a\">230<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs17f\">Suppo<span class=\"_ _0\"></span>rt<span class=\"_ _1cb\"> </span><span class=\"ff27 lsd wsb\">214<span class=\"_ _102\"> </span></span><span class=\"ls6c ws68\">18<span class=\"_ _0\"></span>8</span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs180\"> <span class=\"_ _1cc\"> </span><span class=\"ff27 ls12e ws126\">1<span class=\"_ _0\"></span>,11<span class=\"_ _0\"></span>7<span class=\"_ _3f\"> </span></span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>4<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs181\">The<span class=\"_ _0\"></span>re are no pe<span class=\"_ _0\"></span>ople e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>d by the Company (F<span class=\"_ _0\"></span>Y 2022: same).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "<div class=\"t m0 h9 ff27 fs6 fc2 sc0 ls6 ws0 gs183\">6. Financ<span class=\"_ _0\"></span>e income and co<span class=\"_ _0\"></span>sts<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs184\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls66 ws62 gs185\">\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lse wsc gs186\">Finan<span class=\"_ _0\"></span>ce income<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(cost<span class=\"_ _0\"></span>s):<span class=\"_ _1cd\"> </span><span class=\"ff27 ls6 ws0\"> <span class=\"_ _163\"> </span><span class=\"ff28\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs187\">\u2013 Intere<span class=\"_ _0\"></span>st recei<span class=\"_ _0\"></span>ved<span class=\"_ _1ce\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span></span><span class=\"ls9 ws7\">0.5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs188\">\u2013 Intere<span class=\"_ _0\"></span>st payab<span class=\"_ _0\"></span>le and similar c<span class=\"_ _0\"></span>harges<span class=\"_ _1cf\"> </span><span class=\"ff27 lse wsc\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _45\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs189\">\u2013 Ot<span class=\"_ _0\"></span>her finance co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _1d0\"> </span><span class=\"ff27 ls6d wsc6\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _db\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs18a\">\u2013 Intere<span class=\"_ _0\"></span>st on le<span class=\"_ _0\"></span>ase liabil<span class=\"_ _0\"></span>ities<span class=\"_ _1d1\"> </span><span class=\"ff27 lse wsc\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _42\"> </span></span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)</span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs18b\"> <span class=\"_ _1d2\"> </span><span class=\"ff27 lsc wsa\">0.6<span class=\"_ _106\"> </span></span>0.2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs18c\">In ad<span class=\"_ _0\"></span>dition, t<span class=\"_ _0\"></span>he Group has in<span class=\"_ _0\"></span>curred intere<span class=\"_ _0\"></span>st cos<span class=\"_ _0\"></span>ts of \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>2m (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a30.5m) on bank lo<span class=\"_ _0\"></span>ans and lo<span class=\"_ _0\"></span>ans payabl<span class=\"_ _0\"></span>e to the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs18d\">interes<span class=\"_ _0\"></span>t funding th<span class=\"_ _0\"></span>e constru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ty, plant and equ<span class=\"_ _0\"></span>ipment in China, whic<span class=\"_ _0\"></span>h have been c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d within th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciated cos<span class=\"_ _0\"></span>t of the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs18e\">qualif<span class=\"_ _0\"></span>ying p<span class=\"_ _0\"></span>roper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, pla<span class=\"_ _0\"></span>nt and equipm<span class=\"_ _0\"></span>ent (se<span class=\"_ _0\"></span>e note 9).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "6. Financ<span class=\"_ _0\"></span>e income and co<span class=\"_ _0\"></span>sts<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Finan<span class=\"_ _0\"></span>ce income<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(cost<span class=\"_ _0\"></span>s):<span class=\"_ _1cd\"> </span><span class=\"ff27 ls6 ws0\"> <span class=\"_ _163\"> </span><span class=\"ff28\"> </span></span>\u2013 Intere<span class=\"_ _0\"></span>st recei<span class=\"_ _0\"></span>ved<span class=\"_ _1ce\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span></span><span class=\"ls9 ws7\">0.5<span class=\"_ _2cb\"> </span></span>\u2013 Intere<span class=\"_ _0\"></span>st payab<span class=\"_ _0\"></span>le and similar c<span class=\"_ _0\"></span>harges<span class=\"_ _1cf\"> </span><span class=\"ff27 lse wsc\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _45\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>\u2013 Ot<span class=\"_ _0\"></span>her finance co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _1d0\"> </span><span class=\"ff27 ls6d wsc6\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _db\"> </span></span>\u2014<span class=\"_ _2cb\"> </span>\u2013 Intere<span class=\"_ _0\"></span>st on le<span class=\"_ _0\"></span>ase liabil<span class=\"_ _0\"></span>ities<span class=\"_ _1d1\"> </span><span class=\"ff27 lse wsc\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _42\"> </span></span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)</span> <span class=\"_ _1d2\"> </span><span class=\"ff27 lsc wsa\">0.6<span class=\"_ _106\"> </span></span>0.2<span class=\"_ _2cb\"> </span>In ad<span class=\"_ _0\"></span>dition, t<span class=\"_ _0\"></span>he Group has in<span class=\"_ _0\"></span>curred intere<span class=\"_ _0\"></span>st cos<span class=\"_ _0\"></span>ts of \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>2m (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a30.5m) on bank lo<span class=\"_ _0\"></span>ans and lo<span class=\"_ _0\"></span>ans payabl<span class=\"_ _0\"></span>e to the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling interes<span class=\"_ _0\"></span>t funding th<span class=\"_ _0\"></span>e constru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ty, plant and equ<span class=\"_ _0\"></span>ipment in China, whic<span class=\"_ _0\"></span>h have been c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d within th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciated cos<span class=\"_ _0\"></span>t of the qualif<span class=\"_ _0\"></span>ying p<span class=\"_ _0\"></span>roper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, pla<span class=\"_ _0\"></span>nt and equipm<span class=\"_ _0\"></span>ent (se<span class=\"_ _0\"></span>e note 9).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "6. Financ<span class=\"_ _0\"></span>e income and co<span class=\"_ _0\"></span>sts<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Finan<span class=\"_ _0\"></span>ce income<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>(cost<span class=\"_ _0\"></span>s):<span class=\"_ _1cd\"> </span><span class=\"ff27 ls6 ws0\"> <span class=\"_ _163\"> </span><span class=\"ff28\"> </span></span>\u2013 Intere<span class=\"_ _0\"></span>st recei<span class=\"_ _0\"></span>ved<span class=\"_ _1ce\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span></span><span class=\"ls9 ws7\">0.5<span class=\"_ _2cb\"> </span></span>\u2013 Intere<span class=\"_ _0\"></span>st payab<span class=\"_ _0\"></span>le and similar c<span class=\"_ _0\"></span>harges<span class=\"_ _1cf\"> </span><span class=\"ff27 lse wsc\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _45\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>\u2013 Ot<span class=\"_ _0\"></span>her finance co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s <span class=\"_ _1d0\"> </span><span class=\"ff27 ls6d wsc6\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _db\"> </span></span>\u2014<span class=\"_ _2cb\"> </span>\u2013 Intere<span class=\"_ _0\"></span>st on le<span class=\"_ _0\"></span>ase liabil<span class=\"_ _0\"></span>ities<span class=\"_ _1d1\"> </span><span class=\"ff27 lse wsc\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _42\"> </span></span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)</span> <span class=\"_ _1d2\"> </span><span class=\"ff27 lsc wsa\">0.6<span class=\"_ _106\"> </span></span>0.2<span class=\"_ _2cb\"> </span>In ad<span class=\"_ _0\"></span>dition, t<span class=\"_ _0\"></span>he Group has in<span class=\"_ _0\"></span>curred intere<span class=\"_ _0\"></span>st cos<span class=\"_ _0\"></span>ts of \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>2m (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a30.5m) on bank lo<span class=\"_ _0\"></span>ans and lo<span class=\"_ _0\"></span>ans payabl<span class=\"_ _0\"></span>e to the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling interes<span class=\"_ _0\"></span>t funding th<span class=\"_ _0\"></span>e constru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ty, plant and equ<span class=\"_ _0\"></span>ipment in China, whic<span class=\"_ _0\"></span>h have been c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d within th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciated cos<span class=\"_ _0\"></span>t of the qualif<span class=\"_ _0\"></span>ying p<span class=\"_ _0\"></span>roper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, pla<span class=\"_ _0\"></span>nt and equipm<span class=\"_ _0\"></span>ent (se<span class=\"_ _0\"></span>e note 9).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "7<span class=\"_ _2\"></span>. Incom<span class=\"_ _0\"></span>e tax exp<span class=\"_ _0\"></span>ense<span class=\"_ _2cb\"> </span>Incom<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x on the profi<span class=\"_ _0\"></span>t for the year co<span class=\"_ _0\"></span>mprise<span class=\"_ _0\"></span>s current an<span class=\"_ _0\"></span>d deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span>. Incom<span class=\"_ _0\"></span>e tax is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement e<span class=\"_ _0\"></span>xcept to<span class=\"_ gs1\"> </span>the ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t relates to item<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in other com<span class=\"_ _0\"></span>prehensi<span class=\"_ _0\"></span>ve income o<span class=\"_ _0\"></span>r equit<span class=\"_ _0\"></span>y as app<span class=\"_ _0\"></span>ropriate.<span class=\"_ _2cb\"> </span>Current tax i<span class=\"_ _0\"></span>s the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>ax payab<span class=\"_ _0\"></span>le on the t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>ble incom<span class=\"_ _0\"></span>e for the curr<span class=\"_ _0\"></span>ent and prio<span class=\"_ _0\"></span>r years<span class=\"_ _0\"></span>, using ta<span class=\"_ _0\"></span>x rates (and ta<span class=\"_ _0\"></span>x laws) enac<span class=\"_ _0\"></span>ted or<span class=\"_ gs1\"> </span>subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>vely enac<span class=\"_ _0\"></span>ted at t<span class=\"_ _0\"></span>he balance s<span class=\"_ _0\"></span>heet date. T<span class=\"_ _0\"></span>he Group is sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to income t<span class=\"_ _0\"></span>ax in num<span class=\"_ _0\"></span>erous juris<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>. Esti<span class=\"_ _0\"></span>mates are requ<span class=\"_ _0\"></span>ired in deter<span class=\"_ _0\"></span>mining the w<span class=\"_ _0\"></span>orldw<span class=\"_ _0\"></span>ide pro<span class=\"_ _0\"></span>vision for i<span class=\"_ _0\"></span>ncome ta<span class=\"_ _0\"></span>xes. T<span class=\"_ _0\"></span>here are ma<span class=\"_ _0\"></span>ny transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and cal<span class=\"_ _0\"></span>culations fo<span class=\"_ _0\"></span>r which th<span class=\"_ _0\"></span>e ultimate t<span class=\"_ _0\"></span>ax deter<span class=\"_ _0\"></span>mination i<span class=\"_ _0\"></span>s uncer<span class=\"_ _0\"></span>tain b<span class=\"_ _0\"></span>ecaus<span class=\"_ _0\"></span>e it may be un<span class=\"_ _0\"></span>clear how t<span class=\"_ _0\"></span>ax law a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>s to a par<span class=\"_ _0\"></span>ticular trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r circumst<span class=\"_ _0\"></span>ance. Whe<span class=\"_ _0\"></span>re the Group d<span class=\"_ _0\"></span>etermine<span class=\"_ _0\"></span>s that it is mo<span class=\"_ _0\"></span>re likely than not tha<span class=\"_ _0\"></span>t the ta<span class=\"_ _0\"></span>x autho<span class=\"_ _0\"></span>rities w<span class=\"_ _0\"></span>ould accept t<span class=\"_ _0\"></span>he posi<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>aken in the ta<span class=\"_ _0\"></span>x return, amo<span class=\"_ _0\"></span>unts are recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>n that basis<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the amou<span class=\"_ _0\"></span>nt of tax p<span class=\"_ _0\"></span>ayable or re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e is uncer<span class=\"_ _0\"></span>tain, t<span class=\"_ _0\"></span>he Group re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>s a liabilit<span class=\"_ _0\"></span>y or a<span class=\"_ _0\"></span>sset b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n either t<span class=\"_ _0\"></span>he Group\u2019s judgem<span class=\"_ _0\"></span>ent of the mo<span class=\"_ _0\"></span>st likely ou<span class=\"_ _0\"></span>tcome or<span class=\"_ _1\"></span>, wh<span class=\"_ _0\"></span>ere there is a w<span class=\"_ _0\"></span>ide rang<span class=\"_ _0\"></span>e of pos<span class=\"_ _0\"></span>sible outcom<span class=\"_ _0\"></span>es, the<span class=\"_ gs1\"> </span>e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d value.<span class=\"_ _2cb\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is provid<span class=\"_ _0\"></span>ed in full, using t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>thod, on te<span class=\"_ _0\"></span>mporar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>fferen<span class=\"_ _0\"></span>ces arising b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>e carr<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amount<span class=\"_ _0\"></span>s of ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies for fina<span class=\"_ _0\"></span>ncial rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ting purp<span class=\"_ _0\"></span>oses a<span class=\"_ _0\"></span>nd the amo<span class=\"_ _0\"></span>unts us<span class=\"_ _0\"></span>ed for ta<span class=\"_ _0\"></span>x purp<span class=\"_ _0\"></span>oses<span class=\"_ _0\"></span>. The foll<span class=\"_ _0\"></span>owing tem<span class=\"_ _0\"></span>porar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s are not prov<span class=\"_ _0\"></span>ided for: go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill not de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tible for t<span class=\"_ _0\"></span>ax pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s; the initial re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s or liabilit<span class=\"_ _0\"></span>ies that af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s neith<span class=\"_ _0\"></span>er accounting no<span class=\"_ _0\"></span>r tax<span class=\"_ _0\"></span>able profit<span class=\"_ _0\"></span>; and dif<span class=\"_ _0\"></span>ferences re<span class=\"_ _0\"></span>lating to inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in subsid<span class=\"_ _0\"></span>iaries e<span class=\"_ _0\"></span>xcept to the ex<span class=\"_ _0\"></span>tent tha<span class=\"_ _0\"></span>t they will p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>y rever<span class=\"_ _0\"></span>se in the fore<span class=\"_ _0\"></span>seea<span class=\"_ _0\"></span>ble future. Th<span class=\"_ _0\"></span>e amount of de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>ax prov<span class=\"_ _0\"></span>ided is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted mann<span class=\"_ _0\"></span>er of realis<span class=\"_ _0\"></span>ation or s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>lement of t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amount of ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es, using t<span class=\"_ _0\"></span>ax rate<span class=\"_ _0\"></span>s enac<span class=\"_ _0\"></span>ted or subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>vely ena<span class=\"_ _0\"></span>cted a<span class=\"_ _0\"></span>t the balan<span class=\"_ _0\"></span>ce sheet da<span class=\"_ _0\"></span>te.<span class=\"_ _2cb\"> </span>A defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et is recog<span class=\"_ _0\"></span>nised onl<span class=\"_ _0\"></span>y to the ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t is probab<span class=\"_ _0\"></span>le, within a re<span class=\"_ _0\"></span>asonab<span class=\"_ _0\"></span>le time fram<span class=\"_ _0\"></span>e (ty<span class=\"_ _0\"></span>picall<span class=\"_ _0\"></span>y a peri<span class=\"_ _0\"></span>od of up to five yea<span class=\"_ _0\"></span>rs), that future ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profit<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e available a<span class=\"_ _0\"></span>gainst w<span class=\"_ _0\"></span>hich the as<span class=\"_ _0\"></span>set c<span class=\"_ _0\"></span>an be utili<span class=\"_ _0\"></span>sed. T<span class=\"_ _0\"></span>he proba<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent takes into account the l<span class=\"_ _0\"></span>egislat<span class=\"_ _0\"></span>ion in each ju<span class=\"_ _0\"></span>risdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, including any re<span class=\"_ _0\"></span>stric<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons in place, on a com<span class=\"_ _0\"></span>pany by company b<span class=\"_ _0\"></span>asis, inclu<span class=\"_ _0\"></span>ding consid<span class=\"_ _0\"></span>eration of the ab<span class=\"_ _0\"></span>ility to re<span class=\"_ _0\"></span>lieve lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>ween Gr<span class=\"_ _0\"></span>oup compan<span class=\"_ _0\"></span>ies in the s<span class=\"_ _0\"></span>ame count<span class=\"_ _0\"></span>ry a<span class=\"_ _0\"></span>nd jurisdi<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on. The av<span class=\"_ _0\"></span>ailabilit<span class=\"_ _0\"></span>y of ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e tempo<span class=\"_ _0\"></span>rar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferences (<span class=\"_ _0\"></span>i.e. deferred t<span class=\"_ _0\"></span>ax liab<span class=\"_ _0\"></span>ilities) relat<span class=\"_ _0\"></span>ing to the sa<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x jurisdi<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on and comp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>, whic<span class=\"_ _0\"></span>h are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to rever<span class=\"_ _0\"></span>se over a sim<span class=\"_ _0\"></span>ilar time fram<span class=\"_ _0\"></span>e, is also ta<span class=\"_ _0\"></span>ken into account when as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sing the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on of any defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et. Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets are re<span class=\"_ _0\"></span>duced to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent that it is n<span class=\"_ _0\"></span>o longe<span class=\"_ _0\"></span>r probab<span class=\"_ _0\"></span>le that the r<span class=\"_ _0\"></span>elated ta<span class=\"_ _0\"></span>x ben<span class=\"_ _0\"></span>efit will b<span class=\"_ _0\"></span>e realis<span class=\"_ _0\"></span>ed. The a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment ov<span class=\"_ _0\"></span>er the recov<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y of defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets i<span class=\"_ _0\"></span>s reviewe<span class=\"_ _0\"></span>d at each re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ting date. W<span class=\"_ _0\"></span>here for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-l<span class=\"_ _0\"></span>ooking fo<span class=\"_ _0\"></span>recas<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re used to as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the reco<span class=\"_ _0\"></span>gnitio<span class=\"_ _0\"></span>n of a deferre<span class=\"_ _0\"></span>d tax b<span class=\"_ _0\"></span>alance, forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>ose us<span class=\"_ _0\"></span>ed for other a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin the A<span class=\"_ _0\"></span>nnual Repo<span class=\"_ _0\"></span>rt (<span class=\"_ _0\"></span>including g<span class=\"_ _0\"></span>oing concer<span class=\"_ _0\"></span>n, impairm<span class=\"_ _0\"></span>ent and via<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y) are use<span class=\"_ _0\"></span>d, but dis<span class=\"_ _0\"></span>aggreg<span class=\"_ _0\"></span>ated to a level a<span class=\"_ _0\"></span>ppropr<span class=\"_ _0\"></span>iate for ta<span class=\"_ _0\"></span>x to be ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed, eith<span class=\"_ _0\"></span>er by company o<span class=\"_ _0\"></span>r by tax ju<span class=\"_ _0\"></span>risdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _2cb\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liabiliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fset w<span class=\"_ _0\"></span>here the<span class=\"_ _0\"></span>re is a lega<span class=\"_ _0\"></span>lly enforceabl<span class=\"_ _0\"></span>e right to of<span class=\"_ _0\"></span>fset c<span class=\"_ _0\"></span>urrent ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es and wh<span class=\"_ _0\"></span>ere the de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>ax balan<span class=\"_ _0\"></span>ces relate to th<span class=\"_ _0\"></span>e same t<span class=\"_ _0\"></span>axat<span class=\"_ _0\"></span>ion auth<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Current ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd ta<span class=\"_ _0\"></span>x liabiliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fset w<span class=\"_ _0\"></span>here the enti<span class=\"_ _0\"></span>ty has a l<span class=\"_ _0\"></span>egally e<span class=\"_ _0\"></span>nforceable r<span class=\"_ _0\"></span>ight to off<span class=\"_ _0\"></span>set and inte<span class=\"_ _0\"></span>nds eith<span class=\"_ _0\"></span>er to set<span class=\"_ _0\"></span>tle on a n<span class=\"_ _0\"></span>et basis, o<span class=\"_ _0\"></span>r to realise th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t and set<span class=\"_ _0\"></span>tle th<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>y<span class=\"_ gs1\"> </span>simultaneo<span class=\"_ _0\"></span>usly<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>Not<span class=\"_ _0\"></span>e <span class=\"_ _124\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Curr<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>ax<span class=\"_ _1c3\"> </span><span class=\"ff28 fc3\"> <span class=\"_ _d1\"> </span><span class=\"ff27\"> <span class=\"_ _163\"> </span></span> </span>UK cor<span class=\"_ _0\"></span>porati<span class=\"_ _0\"></span>on ta<span class=\"_ _0\"></span>x on profit<span class=\"_ _0\"></span>s for the y<span class=\"_ _0\"></span>ear <span class=\"_ _174\"> </span> <span class=\"_ _10d\"> </span><span class=\"ff27 ls12d ws125\">5.5<span class=\"_ _b7\"> </span></span><span class=\"ls7e ws76\">9.0<span class=\"_ _2cb\"> </span></span>Ove<span class=\"_ _0\"></span>rsea<span class=\"_ _0\"></span>s tax o<span class=\"_ _0\"></span>n profit<span class=\"_ _0\"></span>s for the ye<span class=\"_ _0\"></span>ar <span class=\"_ _1d3\"> </span> <span class=\"_ _10d\"> </span><span class=\"ff27 ls178 ws17b\">2.5<span class=\"_ _b7\"> </span></span><span class=\"ls29 ws26\">2.4</span> <span class=\"_ _1d4\"> </span> <span class=\"_ _10d\"> </span><span class=\"ff27 ls12d ws125\">8.0<span class=\"_ _11a\"> </span></span><span class=\"lse3 wsdd\">11<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>4<span class=\"_ _2cb\"> </span></span>Deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _1d5\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _158\"> </span> </span>Orig<span class=\"_ _0\"></span>ination an<span class=\"_ _0\"></span>d revers<span class=\"_ _0\"></span>al of temp<span class=\"_ _0\"></span>orar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferences <span class=\"_ _1d6\"> </span><span class=\"lse2 wsdc\">12<span class=\"_ _b7\"> </span><span class=\"ff27 ls12d ws125\">3.2<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.7<span class=\"_ _2cb\"> </span></span></span>T<span class=\"_ _1\"></span>ax ad<span class=\"_ _0\"></span>justme<span class=\"_ _0\"></span>nts rela<span class=\"_ _0\"></span>ting to prio<span class=\"_ _0\"></span>r years:<span class=\"_ _19e\"> </span> <span class=\"_ _158\"> </span> \u2013 Current tax<span class=\"_ _1d7\"> </span> <span class=\"_ _36\"> </span><span class=\"ff27 ls7f ws70\">1.0<span class=\"_ _102\"> </span></span><span class=\"ls29 ws26\">(2.<span class=\"_ _0\"></span>6)<span class=\"_ _2cb\"> </span></span>\u2013 Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x<span class=\"_ _1d8\"> </span> <span class=\"_ _186\"> </span><span class=\"ff27 ls6d wsc6\">(0.7<span class=\"_ _0\"></span>)<span class=\"_ _102\"> </span></span><span class=\"lsfb wsf5\">1.7<span class=\"_ _2cb\"> </span></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al ta<span class=\"_ _0\"></span>x exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e in inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tat<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt <span class=\"_ _1d9\"> </span><span class=\"ff28 fc3\"> <span class=\"_ _102\"> </span><span class=\"ff27 lse1 wsdb\">11.<span class=\"_ _6\"></span>5<span class=\"_ _45\"> </span></span><span class=\"lse2 wsdc\">12<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span></span><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs1af\">Rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliat<span class=\"_ _0\"></span>ion of s<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dar<span class=\"_ _0\"></span>d and e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive ta<span class=\"_ _0\"></span>x rate<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs1b0\">2023<span class=\"_ _12c\"> </span><span class=\"ff28 lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs1b1\">% <span class=\"_ _10d\"> </span><span class=\"ls66 ws62\">\u00a3m<span class=\"_ _d1\"> </span></span><span class=\"ff28\">% <span class=\"_ _10d\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1b2\">Profi<span class=\"_ _0\"></span>t before t<span class=\"_ _0\"></span>ax<span class=\"_ _1da\"> </span><span class=\"ff27\"> <span class=\"_ _f6\"> </span><span class=\"ls15 ws13\">72.<span class=\"_ _0\"></span>5<span class=\"_ _10c\"> </span></span></span> <span class=\"_ _109\"> </span><span class=\"ls102 wsfa\">8<span class=\"_ _6\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1b3\">T<span class=\"_ _1\"></span>ax ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e at UK corp<span class=\"_ _0\"></span>oratio<span class=\"_ _0\"></span>n tax ra<span class=\"_ _0\"></span>te<span class=\"_ _1db\"> </span><span class=\"ff27 ls12d ws125\">22.0<span class=\"_ _42\"> </span><span class=\"lsf wsd\">16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _109\"> </span></span></span><span class=\"lse1 wsdb\">19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _45\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1b4\">Effec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of:<span class=\"_ _128\"> </span><span class=\"ff27\"> <span class=\"_ _14a\"> </span></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1b5\">\u2013 (Inco<span class=\"_ _0\"></span>me)/ex<span class=\"_ _0\"></span>pense<span class=\"_ _0\"></span>s not ded<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ible for t<span class=\"_ _0\"></span>ax purp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s<span class=\"_ _1dc\"> </span><span class=\"ff27\"> <span class=\"_ _106\"> </span><span class=\"ls132 ws18d\">(1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _fa\"> </span></span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1b6\">\u2013 Highe<span class=\"_ _0\"></span>r rates of ta<span class=\"_ _0\"></span>x on over<span class=\"_ _0\"></span>seas e<span class=\"_ _0\"></span>arnings <span class=\"_ _146\"> </span><span class=\"ff27\"> <span class=\"_ _36\"> </span><span class=\"ls6d wsc6\">0.7<span class=\"_ _132\"> </span></span></span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1b7\">\u2013 UK t<span class=\"_ _0\"></span>ax incenti<span class=\"_ _0\"></span>ves for ca<span class=\"_ _0\"></span>pital e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditure and ot<span class=\"_ _0\"></span>her allowa<span class=\"_ _0\"></span>nces<span class=\"_ _1dd\"> </span><span class=\"ff27\"> <span class=\"_ _109\"> </span><span class=\"ls1c ws1a\">(0.<span class=\"_ _0\"></span>5)<span class=\"_ _1de\"> </span></span></span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1b8\">\u2013 Fore<span class=\"_ _0\"></span>ign defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x<span class=\"_ _1bf\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _fd\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1b9\">\u2013 T<span class=\"_ _1\"></span>ax ad<span class=\"_ _0\"></span>justme<span class=\"_ _0\"></span>nts rela<span class=\"_ _0\"></span>ting to prio<span class=\"_ _0\"></span>r years<span class=\"_ _1df\"> </span><span class=\"ff27\"> <span class=\"_ _10d\"> </span><span class=\"ls17 ws14\">0.<span class=\"_ _0\"></span>3<span class=\"_ _1e0\"> </span></span></span><span class=\"ls7e ws76\">(0.9)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1ba\">\u2013 Share of lo<span class=\"_ _0\"></span>ss of ass<span class=\"_ _0\"></span>ociate<span class=\"_ _1e1\"> </span><span class=\"ff27\"> <span class=\"_ _10d\"> </span><span class=\"ls17 ws14\">0.<span class=\"_ _0\"></span>3<span class=\"_ _5d\"> </span></span></span>0.2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1bb\">\u2013 Dif<span class=\"_ _0\"></span>ference in rate<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>ween d<span class=\"_ _0\"></span>eferred t<span class=\"_ _0\"></span>ax an<span class=\"_ _0\"></span>d corpora<span class=\"_ _0\"></span>tion ta<span class=\"_ _0\"></span>x<span class=\"_ _92\"> </span><span class=\"ff27\"> <span class=\"_ _10d\"> </span><span class=\"ls17 ws14\">0.5<span class=\"_ _132\"> </span></span></span><span class=\"ls7e ws76\">0.9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1bc\">\u2013 Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x on los<span class=\"_ _0\"></span>ses not r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed<span class=\"_ _ab\"> </span><span class=\"ff27\"> <span class=\"_ _36\"> </span><span class=\"lsc wsa\">0.9<span class=\"_ _1e2\"> </span></span></span><span class=\"ls7e ws76\">0.9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1bd\">\u2013 Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x on unremit<span class=\"_ _0\"></span>ted ea<span class=\"_ _0\"></span>rnings<span class=\"_ _172\"> </span> <span class=\"_ _10d\"> </span><span class=\"ff27 ls17 ws14\">0.3<span class=\"_ _1e3\"> </span></span>0.<span class=\"_ _2\"></span>1 </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1be\">\u2013 Patent Box d<span class=\"_ _0\"></span>educ<span class=\"_ _0\"></span>tion<span class=\"_ _151\"> </span><span class=\"ff27\"> <span class=\"_ _b7\"> </span><span class=\"lscd wse4\">(<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1de\"> </span></span></span><span class=\"ls16 wsc1\">(6.5)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs1bf\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive t<span class=\"_ _0\"></span>ax rat<span class=\"_ _0\"></span>e and to<span class=\"_ _0\"></span>tal t<span class=\"_ _0\"></span>ax e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse<span class=\"_ _d8\"> </span><span class=\"fc3 ls29 ws26\">15.<span class=\"_ _0\"></span>9<span class=\"_ _8b\"> </span><span class=\"lse1 wsdb\">11<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _186\"> </span><span class=\"ff28 lse2 wsdc\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _11a\"> </span>12.<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1c0\">The U<span class=\"_ _0\"></span>K corp<span class=\"_ _0\"></span>oration t<span class=\"_ _0\"></span>ax rate chan<span class=\"_ _0\"></span>ged from 19% to 2<span class=\"_ _1\"></span>5% after 1 A<span class=\"_ _0\"></span>pril 2023, meaning th<span class=\"_ _0\"></span>e rate applic<span class=\"_ _0\"></span>able to t<span class=\"_ _0\"></span>he UK comp<span class=\"_ _0\"></span>anies for th<span class=\"_ _0\"></span>e year </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1c1\">ende<span class=\"_ _0\"></span>d 30 Se<span class=\"_ _0\"></span>ptember 2023 is a b<span class=\"_ _0\"></span>lende<span class=\"_ _0\"></span>d rate of 22%<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1c2\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>liabil<span class=\"_ _0\"></span>ities have b<span class=\"_ _0\"></span>een re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d at the rate th<span class=\"_ _0\"></span>ey are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to rever<span class=\"_ _0\"></span>se. Fo<span class=\"_ _0\"></span>r UK ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s/<span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s this is 25<span class=\"_ _1\"></span>% of the a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1c3\">and liab<span class=\"_ _0\"></span>ilities (3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2022: 25<span class=\"_ _1\"></span>% for the maj<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y), being the U<span class=\"_ _0\"></span>K tax ra<span class=\"_ _0\"></span>te effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve from 1 Ap<span class=\"_ _0\"></span>ril 2023, in accordance wi<span class=\"_ _0\"></span>th the Finan<span class=\"_ _0\"></span>ce </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs1c4\">Bill 202<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, whi<span class=\"_ _0\"></span>ch was subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>vely enac<span class=\"_ _0\"></span>ted o<span class=\"_ _0\"></span>n 2<span class=\"_ _1\"></span>4 May 2021<span class=\"_ _2\"></span>. F<span class=\"_ _0\"></span>or over<span class=\"_ _0\"></span>seas as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>liabiliti<span class=\"_ _0\"></span>es the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding over<span class=\"_ _0\"></span>seas t<span class=\"_ _0\"></span>ax rate has b<span class=\"_ _0\"></span>een ap<span class=\"_ _0\"></span>plied.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs1c5\">T<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>x c<span class=\"_ _1\"></span>omponent<span class=\"_ _0\"></span>s o<span class=\"_ _1\"></span>f other comprehensive<span class=\"_ _1\"></span> (expense<span class=\"_ _1\"></span>)/income<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs1c6\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls66 ws62 gs1c7\">\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs1c8\">T<span class=\"_ _1\"></span>ax o<span class=\"_ _0\"></span>n item<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t will no<span class=\"_ _0\"></span>t be r<span class=\"_ _0\"></span>ecla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifie<span class=\"_ _0\"></span>d to th<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>:<span class=\"_ _1e4\"> </span><span class=\"fc3\"> <span class=\"_ _163\"> </span><span class=\"ff28\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1c9\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x credit<span class=\"_ _6\"></span>/(charge) on d<span class=\"_ _0\"></span>efined b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>ension s<span class=\"_ _0\"></span>cheme<span class=\"_ _0\"></span>s\u2019 ac<span class=\"_ _0\"></span>tuarial resu<span class=\"_ _0\"></span>lt<span class=\"_ _72\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>4<span class=\"_ _109\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs1ca\">T<span class=\"_ _1\"></span>ax o<span class=\"_ _0\"></span>n item<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t have or may b<span class=\"_ _0\"></span>e sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uent<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d to the i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent:<span class=\"_ _1a2\"> </span><span class=\"ff28 fc3\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1cb\">Current tax (charg<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>)<span class=\"_ _0\"></span>/credit o<span class=\"_ _0\"></span>n changes in fair v<span class=\"_ _0\"></span>alue of cas<span class=\"_ _0\"></span>h flow hed<span class=\"_ _0\"></span>ges <span class=\"_ _1b6\"> </span><span class=\"ff27 ls86 wsba\">(3.<span class=\"_ _0\"></span>4)<span class=\"_ _6a\"> </span></span><span class=\"ls9 ws7\">3.<span class=\"_ _0\"></span>2</span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1cc\"> <span class=\"_ _1e5\"> </span><span class=\"ff27 ls1c ws1a\">(2<span class=\"_ _0\"></span>.0)<span class=\"_ _102\"> </span></span><span class=\"ls60 ws5b\">3<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1cd\">Current tax (charg<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>)<span class=\"_ _0\"></span>/credit<span class=\"_ _1e6\"> </span><span class=\"ff27 ls86 wsba\">(3.<span class=\"_ _0\"></span>4)<span class=\"_ _6a\"> </span></span><span class=\"ls9 ws7\">3.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1ce\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x credit<span class=\"_ _6\"></span>/(charge)<span class=\"_ _154\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>4<span class=\"_ _109\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1)</span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1cf\"> <span class=\"_ _1e5\"> </span><span class=\"ff27 ls1c ws1a\">(2<span class=\"_ _0\"></span>.0)<span class=\"_ _102\"> </span></span><span class=\"ls60 ws5b\">3<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs1d0\">T<span class=\"_ _1\"></span>ax c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts of i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y</div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs1d1\"> <span class=\"_ _166\"> </span><span class=\"ff27 lsd8 wsd1\">2023<span class=\"_ _d3\"> </span></span><span class=\"lsda wsd4\">2022</span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs1d2\"> <span class=\"_ _1e7\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _10b\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1d3\">T<span class=\"_ _1\"></span>ax (credit<span class=\"_ _0\"></span>)/charg<span class=\"_ _0\"></span>e on equit<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d share<span class=\"_ _0\"></span>-bas<span class=\"_ _0\"></span>ed pay<span class=\"_ _0\"></span>ment trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions<span class=\"_ _1e8\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _109\"> </span></span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>.1</span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1d4\"> <span class=\"_ _166\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _109\"> </span></span><span class=\"ls60 ws5b\">1.1</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-554": {
   "value": "Incom<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x on the profi<span class=\"_ _0\"></span>t for the year co<span class=\"_ _0\"></span>mprise<span class=\"_ _0\"></span>s current an<span class=\"_ _0\"></span>d deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span>. Incom<span class=\"_ _0\"></span>e tax is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement e<span class=\"_ _0\"></span>xcept to<span class=\"_ gs1\"> </span>the ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t relates to item<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in other com<span class=\"_ _0\"></span>prehensi<span class=\"_ _0\"></span>ve income o<span class=\"_ _0\"></span>r equit<span class=\"_ _0\"></span>y as app<span class=\"_ _0\"></span>ropriate.<span class=\"_ _2cb\"> </span>Current tax i<span class=\"_ _0\"></span>s the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>ax payab<span class=\"_ _0\"></span>le on the t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>ble incom<span class=\"_ _0\"></span>e for the curr<span class=\"_ _0\"></span>ent and prio<span class=\"_ _0\"></span>r years<span class=\"_ _0\"></span>, using ta<span class=\"_ _0\"></span>x rates (and ta<span class=\"_ _0\"></span>x laws) enac<span class=\"_ _0\"></span>ted or<span class=\"_ gs1\"> </span>subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>vely enac<span class=\"_ _0\"></span>ted at t<span class=\"_ _0\"></span>he balance s<span class=\"_ _0\"></span>heet date. T<span class=\"_ _0\"></span>he Group is sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to income t<span class=\"_ _0\"></span>ax in num<span class=\"_ _0\"></span>erous juris<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>. Esti<span class=\"_ _0\"></span>mates are requ<span class=\"_ _0\"></span>ired in deter<span class=\"_ _0\"></span>mining the w<span class=\"_ _0\"></span>orldw<span class=\"_ _0\"></span>ide pro<span class=\"_ _0\"></span>vision for i<span class=\"_ _0\"></span>ncome ta<span class=\"_ _0\"></span>xes. T<span class=\"_ _0\"></span>here are ma<span class=\"_ _0\"></span>ny transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and cal<span class=\"_ _0\"></span>culations fo<span class=\"_ _0\"></span>r which th<span class=\"_ _0\"></span>e ultimate t<span class=\"_ _0\"></span>ax deter<span class=\"_ _0\"></span>mination i<span class=\"_ _0\"></span>s uncer<span class=\"_ _0\"></span>tain b<span class=\"_ _0\"></span>ecaus<span class=\"_ _0\"></span>e it may be un<span class=\"_ _0\"></span>clear how t<span class=\"_ _0\"></span>ax law a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>s to a par<span class=\"_ _0\"></span>ticular trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r circumst<span class=\"_ _0\"></span>ance. Whe<span class=\"_ _0\"></span>re the Group d<span class=\"_ _0\"></span>etermine<span class=\"_ _0\"></span>s that it is mo<span class=\"_ _0\"></span>re likely than not tha<span class=\"_ _0\"></span>t the ta<span class=\"_ _0\"></span>x autho<span class=\"_ _0\"></span>rities w<span class=\"_ _0\"></span>ould accept t<span class=\"_ _0\"></span>he posi<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>aken in the ta<span class=\"_ _0\"></span>x return, amo<span class=\"_ _0\"></span>unts are recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>n that basis<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the amou<span class=\"_ _0\"></span>nt of tax p<span class=\"_ _0\"></span>ayable or re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e is uncer<span class=\"_ _0\"></span>tain, t<span class=\"_ _0\"></span>he Group re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>s a liabilit<span class=\"_ _0\"></span>y or a<span class=\"_ _0\"></span>sset b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n either t<span class=\"_ _0\"></span>he Group\u2019s judgem<span class=\"_ _0\"></span>ent of the mo<span class=\"_ _0\"></span>st likely ou<span class=\"_ _0\"></span>tcome or<span class=\"_ _1\"></span>, wh<span class=\"_ _0\"></span>ere there is a w<span class=\"_ _0\"></span>ide rang<span class=\"_ _0\"></span>e of pos<span class=\"_ _0\"></span>sible outcom<span class=\"_ _0\"></span>es, the<span class=\"_ gs1\"> </span>e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d value.<span class=\"_ _2cb\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is provid<span class=\"_ _0\"></span>ed in full, using t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>thod, on te<span class=\"_ _0\"></span>mporar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>fferen<span class=\"_ _0\"></span>ces arising b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>e carr<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amount<span class=\"_ _0\"></span>s of ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies for fina<span class=\"_ _0\"></span>ncial rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ting purp<span class=\"_ _0\"></span>oses a<span class=\"_ _0\"></span>nd the amo<span class=\"_ _0\"></span>unts us<span class=\"_ _0\"></span>ed for ta<span class=\"_ _0\"></span>x purp<span class=\"_ _0\"></span>oses<span class=\"_ _0\"></span>. The foll<span class=\"_ _0\"></span>owing tem<span class=\"_ _0\"></span>porar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s are not prov<span class=\"_ _0\"></span>ided for: go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill not de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tible for t<span class=\"_ _0\"></span>ax pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s; the initial re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s or liabilit<span class=\"_ _0\"></span>ies that af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s neith<span class=\"_ _0\"></span>er accounting no<span class=\"_ _0\"></span>r tax<span class=\"_ _0\"></span>able profit<span class=\"_ _0\"></span>; and dif<span class=\"_ _0\"></span>ferences re<span class=\"_ _0\"></span>lating to inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in subsid<span class=\"_ _0\"></span>iaries e<span class=\"_ _0\"></span>xcept to the ex<span class=\"_ _0\"></span>tent tha<span class=\"_ _0\"></span>t they will p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>y rever<span class=\"_ _0\"></span>se in the fore<span class=\"_ _0\"></span>seea<span class=\"_ _0\"></span>ble future. Th<span class=\"_ _0\"></span>e amount of de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>ax prov<span class=\"_ _0\"></span>ided is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted mann<span class=\"_ _0\"></span>er of realis<span class=\"_ _0\"></span>ation or s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>lement of t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amount of ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es, using t<span class=\"_ _0\"></span>ax rate<span class=\"_ _0\"></span>s enac<span class=\"_ _0\"></span>ted or subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>vely ena<span class=\"_ _0\"></span>cted a<span class=\"_ _0\"></span>t the balan<span class=\"_ _0\"></span>ce sheet da<span class=\"_ _0\"></span>te.<span class=\"_ _2cb\"> </span>A defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et is recog<span class=\"_ _0\"></span>nised onl<span class=\"_ _0\"></span>y to the ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t is probab<span class=\"_ _0\"></span>le, within a re<span class=\"_ _0\"></span>asonab<span class=\"_ _0\"></span>le time fram<span class=\"_ _0\"></span>e (ty<span class=\"_ _0\"></span>picall<span class=\"_ _0\"></span>y a peri<span class=\"_ _0\"></span>od of up to five yea<span class=\"_ _0\"></span>rs), that future ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profit<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e available a<span class=\"_ _0\"></span>gainst w<span class=\"_ _0\"></span>hich the as<span class=\"_ _0\"></span>set c<span class=\"_ _0\"></span>an be utili<span class=\"_ _0\"></span>sed. T<span class=\"_ _0\"></span>he proba<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent takes into account the l<span class=\"_ _0\"></span>egislat<span class=\"_ _0\"></span>ion in each ju<span class=\"_ _0\"></span>risdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, including any re<span class=\"_ _0\"></span>stric<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons in place, on a com<span class=\"_ _0\"></span>pany by company b<span class=\"_ _0\"></span>asis, inclu<span class=\"_ _0\"></span>ding consid<span class=\"_ _0\"></span>eration of the ab<span class=\"_ _0\"></span>ility to re<span class=\"_ _0\"></span>lieve lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>ween Gr<span class=\"_ _0\"></span>oup compan<span class=\"_ _0\"></span>ies in the s<span class=\"_ _0\"></span>ame count<span class=\"_ _0\"></span>ry a<span class=\"_ _0\"></span>nd jurisdi<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on. The av<span class=\"_ _0\"></span>ailabilit<span class=\"_ _0\"></span>y of ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e tempo<span class=\"_ _0\"></span>rar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferences (<span class=\"_ _0\"></span>i.e. deferred t<span class=\"_ _0\"></span>ax liab<span class=\"_ _0\"></span>ilities) relat<span class=\"_ _0\"></span>ing to the sa<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x jurisdi<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on and comp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>, whic<span class=\"_ _0\"></span>h are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to rever<span class=\"_ _0\"></span>se over a sim<span class=\"_ _0\"></span>ilar time fram<span class=\"_ _0\"></span>e, is also ta<span class=\"_ _0\"></span>ken into account when as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sing the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on of any defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et. Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets are re<span class=\"_ _0\"></span>duced to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent that it is n<span class=\"_ _0\"></span>o longe<span class=\"_ _0\"></span>r probab<span class=\"_ _0\"></span>le that the r<span class=\"_ _0\"></span>elated ta<span class=\"_ _0\"></span>x ben<span class=\"_ _0\"></span>efit will b<span class=\"_ _0\"></span>e realis<span class=\"_ _0\"></span>ed. The a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment ov<span class=\"_ _0\"></span>er the recov<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y of defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets i<span class=\"_ _0\"></span>s reviewe<span class=\"_ _0\"></span>d at each re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ting date. W<span class=\"_ _0\"></span>here for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-l<span class=\"_ _0\"></span>ooking fo<span class=\"_ _0\"></span>recas<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re used to as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the reco<span class=\"_ _0\"></span>gnitio<span class=\"_ _0\"></span>n of a deferre<span class=\"_ _0\"></span>d tax b<span class=\"_ _0\"></span>alance, forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>ose us<span class=\"_ _0\"></span>ed for other a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin the A<span class=\"_ _0\"></span>nnual Repo<span class=\"_ _0\"></span>rt (<span class=\"_ _0\"></span>including g<span class=\"_ _0\"></span>oing concer<span class=\"_ _0\"></span>n, impairm<span class=\"_ _0\"></span>ent and via<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y) are use<span class=\"_ _0\"></span>d, but dis<span class=\"_ _0\"></span>aggreg<span class=\"_ _0\"></span>ated to a level a<span class=\"_ _0\"></span>ppropr<span class=\"_ _0\"></span>iate for ta<span class=\"_ _0\"></span>x to be ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed, eith<span class=\"_ _0\"></span>er by company o<span class=\"_ _0\"></span>r by tax ju<span class=\"_ _0\"></span>risdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _2cb\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liabiliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fset w<span class=\"_ _0\"></span>here the<span class=\"_ _0\"></span>re is a lega<span class=\"_ _0\"></span>lly enforceabl<span class=\"_ _0\"></span>e right to of<span class=\"_ _0\"></span>fset c<span class=\"_ _0\"></span>urrent ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es and wh<span class=\"_ _0\"></span>ere the de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>ax balan<span class=\"_ _0\"></span>ces relate to th<span class=\"_ _0\"></span>e same t<span class=\"_ _0\"></span>axat<span class=\"_ _0\"></span>ion auth<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Current ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd ta<span class=\"_ _0\"></span>x liabiliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fset w<span class=\"_ _0\"></span>here the enti<span class=\"_ _0\"></span>ty has a l<span class=\"_ _0\"></span>egally e<span class=\"_ _0\"></span>nforceable r<span class=\"_ _0\"></span>ight to off<span class=\"_ _0\"></span>set and inte<span class=\"_ _0\"></span>nds eith<span class=\"_ _0\"></span>er to set<span class=\"_ _0\"></span>tle on a n<span class=\"_ _0\"></span>et basis, o<span class=\"_ _0\"></span>r to realise th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t and set<span class=\"_ _0\"></span>tle th<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>y<span class=\"_ gs1\"> </span>simultaneo<span class=\"_ _0\"></span>usly<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "Incom<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x on the profi<span class=\"_ _0\"></span>t for the year co<span class=\"_ _0\"></span>mprise<span class=\"_ _0\"></span>s current an<span class=\"_ _0\"></span>d deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span>. Incom<span class=\"_ _0\"></span>e tax is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement e<span class=\"_ _0\"></span>xcept to<span class=\"_ gs1\"> </span>the ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t relates to item<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in other com<span class=\"_ _0\"></span>prehensi<span class=\"_ _0\"></span>ve income o<span class=\"_ _0\"></span>r equit<span class=\"_ _0\"></span>y as app<span class=\"_ _0\"></span>ropriate.<span class=\"_ _2cb\"> </span>Current tax i<span class=\"_ _0\"></span>s the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted t<span class=\"_ _0\"></span>ax payab<span class=\"_ _0\"></span>le on the t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>ble incom<span class=\"_ _0\"></span>e for the curr<span class=\"_ _0\"></span>ent and prio<span class=\"_ _0\"></span>r years<span class=\"_ _0\"></span>, using ta<span class=\"_ _0\"></span>x rates (and ta<span class=\"_ _0\"></span>x laws) enac<span class=\"_ _0\"></span>ted or<span class=\"_ gs1\"> </span>subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>vely enac<span class=\"_ _0\"></span>ted at t<span class=\"_ _0\"></span>he balance s<span class=\"_ _0\"></span>heet date. T<span class=\"_ _0\"></span>he Group is sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to income t<span class=\"_ _0\"></span>ax in num<span class=\"_ _0\"></span>erous juris<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>. Esti<span class=\"_ _0\"></span>mates are requ<span class=\"_ _0\"></span>ired in deter<span class=\"_ _0\"></span>mining the w<span class=\"_ _0\"></span>orldw<span class=\"_ _0\"></span>ide pro<span class=\"_ _0\"></span>vision for i<span class=\"_ _0\"></span>ncome ta<span class=\"_ _0\"></span>xes. T<span class=\"_ _0\"></span>here are ma<span class=\"_ _0\"></span>ny transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and cal<span class=\"_ _0\"></span>culations fo<span class=\"_ _0\"></span>r which th<span class=\"_ _0\"></span>e ultimate t<span class=\"_ _0\"></span>ax deter<span class=\"_ _0\"></span>mination i<span class=\"_ _0\"></span>s uncer<span class=\"_ _0\"></span>tain b<span class=\"_ _0\"></span>ecaus<span class=\"_ _0\"></span>e it may be un<span class=\"_ _0\"></span>clear how t<span class=\"_ _0\"></span>ax law a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>s to a par<span class=\"_ _0\"></span>ticular trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r circumst<span class=\"_ _0\"></span>ance. Whe<span class=\"_ _0\"></span>re the Group d<span class=\"_ _0\"></span>etermine<span class=\"_ _0\"></span>s that it is mo<span class=\"_ _0\"></span>re likely than not tha<span class=\"_ _0\"></span>t the ta<span class=\"_ _0\"></span>x autho<span class=\"_ _0\"></span>rities w<span class=\"_ _0\"></span>ould accept t<span class=\"_ _0\"></span>he posi<span class=\"_ _0\"></span>tion t<span class=\"_ _0\"></span>aken in the ta<span class=\"_ _0\"></span>x return, amo<span class=\"_ _0\"></span>unts are recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>n that basis<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the amou<span class=\"_ _0\"></span>nt of tax p<span class=\"_ _0\"></span>ayable or re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e is uncer<span class=\"_ _0\"></span>tain, t<span class=\"_ _0\"></span>he Group re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>s a liabilit<span class=\"_ _0\"></span>y or a<span class=\"_ _0\"></span>sset b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n either t<span class=\"_ _0\"></span>he Group\u2019s judgem<span class=\"_ _0\"></span>ent of the mo<span class=\"_ _0\"></span>st likely ou<span class=\"_ _0\"></span>tcome or<span class=\"_ _1\"></span>, wh<span class=\"_ _0\"></span>ere there is a w<span class=\"_ _0\"></span>ide rang<span class=\"_ _0\"></span>e of pos<span class=\"_ _0\"></span>sible outcom<span class=\"_ _0\"></span>es, the<span class=\"_ gs1\"> </span>e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d value.<span class=\"_ _2cb\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is provid<span class=\"_ _0\"></span>ed in full, using t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>thod, on te<span class=\"_ _0\"></span>mporar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>fferen<span class=\"_ _0\"></span>ces arising b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>e carr<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amount<span class=\"_ _0\"></span>s of ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies for fina<span class=\"_ _0\"></span>ncial rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ting purp<span class=\"_ _0\"></span>oses a<span class=\"_ _0\"></span>nd the amo<span class=\"_ _0\"></span>unts us<span class=\"_ _0\"></span>ed for ta<span class=\"_ _0\"></span>x purp<span class=\"_ _0\"></span>oses<span class=\"_ _0\"></span>. The foll<span class=\"_ _0\"></span>owing tem<span class=\"_ _0\"></span>porar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s are not prov<span class=\"_ _0\"></span>ided for: go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill not de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tible for t<span class=\"_ _0\"></span>ax pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s; the initial re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s or liabilit<span class=\"_ _0\"></span>ies that af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s neith<span class=\"_ _0\"></span>er accounting no<span class=\"_ _0\"></span>r tax<span class=\"_ _0\"></span>able profit<span class=\"_ _0\"></span>; and dif<span class=\"_ _0\"></span>ferences re<span class=\"_ _0\"></span>lating to inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in subsid<span class=\"_ _0\"></span>iaries e<span class=\"_ _0\"></span>xcept to the ex<span class=\"_ _0\"></span>tent tha<span class=\"_ _0\"></span>t they will p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>y rever<span class=\"_ _0\"></span>se in the fore<span class=\"_ _0\"></span>seea<span class=\"_ _0\"></span>ble future. Th<span class=\"_ _0\"></span>e amount of de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>ax prov<span class=\"_ _0\"></span>ided is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted mann<span class=\"_ _0\"></span>er of realis<span class=\"_ _0\"></span>ation or s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>lement of t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amount of ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es, using t<span class=\"_ _0\"></span>ax rate<span class=\"_ _0\"></span>s enac<span class=\"_ _0\"></span>ted or subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>vely ena<span class=\"_ _0\"></span>cted a<span class=\"_ _0\"></span>t the balan<span class=\"_ _0\"></span>ce sheet da<span class=\"_ _0\"></span>te.<span class=\"_ _2cb\"> </span>A defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et is recog<span class=\"_ _0\"></span>nised onl<span class=\"_ _0\"></span>y to the ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t is probab<span class=\"_ _0\"></span>le, within a re<span class=\"_ _0\"></span>asonab<span class=\"_ _0\"></span>le time fram<span class=\"_ _0\"></span>e (ty<span class=\"_ _0\"></span>picall<span class=\"_ _0\"></span>y a peri<span class=\"_ _0\"></span>od of up to five yea<span class=\"_ _0\"></span>rs), that future ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profit<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e available a<span class=\"_ _0\"></span>gainst w<span class=\"_ _0\"></span>hich the as<span class=\"_ _0\"></span>set c<span class=\"_ _0\"></span>an be utili<span class=\"_ _0\"></span>sed. T<span class=\"_ _0\"></span>he proba<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent takes into account the l<span class=\"_ _0\"></span>egislat<span class=\"_ _0\"></span>ion in each ju<span class=\"_ _0\"></span>risdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, including any re<span class=\"_ _0\"></span>stric<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons in place, on a com<span class=\"_ _0\"></span>pany by company b<span class=\"_ _0\"></span>asis, inclu<span class=\"_ _0\"></span>ding consid<span class=\"_ _0\"></span>eration of the ab<span class=\"_ _0\"></span>ility to re<span class=\"_ _0\"></span>lieve lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>ween Gr<span class=\"_ _0\"></span>oup compan<span class=\"_ _0\"></span>ies in the s<span class=\"_ _0\"></span>ame count<span class=\"_ _0\"></span>ry a<span class=\"_ _0\"></span>nd jurisdi<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on. The av<span class=\"_ _0\"></span>ailabilit<span class=\"_ _0\"></span>y of ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e tempo<span class=\"_ _0\"></span>rar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferences (<span class=\"_ _0\"></span>i.e. deferred t<span class=\"_ _0\"></span>ax liab<span class=\"_ _0\"></span>ilities) relat<span class=\"_ _0\"></span>ing to the sa<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x jurisdi<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on and comp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>, whic<span class=\"_ _0\"></span>h are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to rever<span class=\"_ _0\"></span>se over a sim<span class=\"_ _0\"></span>ilar time fram<span class=\"_ _0\"></span>e, is also ta<span class=\"_ _0\"></span>ken into account when as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sing the re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on of any defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et. Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets are re<span class=\"_ _0\"></span>duced to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent that it is n<span class=\"_ _0\"></span>o longe<span class=\"_ _0\"></span>r probab<span class=\"_ _0\"></span>le that the r<span class=\"_ _0\"></span>elated ta<span class=\"_ _0\"></span>x ben<span class=\"_ _0\"></span>efit will b<span class=\"_ _0\"></span>e realis<span class=\"_ _0\"></span>ed. The a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment ov<span class=\"_ _0\"></span>er the recov<span class=\"_ _0\"></span>erabilit<span class=\"_ _0\"></span>y of defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets i<span class=\"_ _0\"></span>s reviewe<span class=\"_ _0\"></span>d at each re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ting date. W<span class=\"_ _0\"></span>here for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-l<span class=\"_ _0\"></span>ooking fo<span class=\"_ _0\"></span>recas<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re used to as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s the reco<span class=\"_ _0\"></span>gnitio<span class=\"_ _0\"></span>n of a deferre<span class=\"_ _0\"></span>d tax b<span class=\"_ _0\"></span>alance, forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s consis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>ose us<span class=\"_ _0\"></span>ed for other a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssment<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin the A<span class=\"_ _0\"></span>nnual Repo<span class=\"_ _0\"></span>rt (<span class=\"_ _0\"></span>including g<span class=\"_ _0\"></span>oing concer<span class=\"_ _0\"></span>n, impairm<span class=\"_ _0\"></span>ent and via<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y) are use<span class=\"_ _0\"></span>d, but dis<span class=\"_ _0\"></span>aggreg<span class=\"_ _0\"></span>ated to a level a<span class=\"_ _0\"></span>ppropr<span class=\"_ _0\"></span>iate for ta<span class=\"_ _0\"></span>x to be ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed, eith<span class=\"_ _0\"></span>er by company o<span class=\"_ _0\"></span>r by tax ju<span class=\"_ _0\"></span>risdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _2cb\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liabiliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fset w<span class=\"_ _0\"></span>here the<span class=\"_ _0\"></span>re is a lega<span class=\"_ _0\"></span>lly enforceabl<span class=\"_ _0\"></span>e right to of<span class=\"_ _0\"></span>fset c<span class=\"_ _0\"></span>urrent ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es and wh<span class=\"_ _0\"></span>ere the de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>ax balan<span class=\"_ _0\"></span>ces relate to th<span class=\"_ _0\"></span>e same t<span class=\"_ _0\"></span>axat<span class=\"_ _0\"></span>ion auth<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Current ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd ta<span class=\"_ _0\"></span>x liabiliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fset w<span class=\"_ _0\"></span>here the enti<span class=\"_ _0\"></span>ty has a l<span class=\"_ _0\"></span>egally e<span class=\"_ _0\"></span>nforceable r<span class=\"_ _0\"></span>ight to off<span class=\"_ _0\"></span>set and inte<span class=\"_ _0\"></span>nds eith<span class=\"_ _0\"></span>er to set<span class=\"_ _0\"></span>tle on a n<span class=\"_ _0\"></span>et basis, o<span class=\"_ _0\"></span>r to realise th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t and set<span class=\"_ _0\"></span>tle th<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>y<span class=\"_ gs1\"> </span>simultaneo<span class=\"_ _0\"></span>usly<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "<div class=\"t m0 h9 ff27 fs6 fc2 sc0 ls6 ws0 gs1d6\">8. Ea<span class=\"_ _0\"></span>rnings p<span class=\"_ _0\"></span>er share<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1d7\">Basic e<span class=\"_ _0\"></span>arnings p<span class=\"_ _0\"></span>er share is ba<span class=\"_ _0\"></span>sed on th<span class=\"_ _0\"></span>e Group\u2019s profit at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able to o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y shareho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s and a wei<span class=\"_ _0\"></span>ghted averag<span class=\"_ _0\"></span>e number of o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1d8\">shares o<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>tandin<span class=\"_ _0\"></span>g during the y<span class=\"_ _0\"></span>ear<span class=\"_ _1\"></span>, excludin<span class=\"_ _0\"></span>g own share<span class=\"_ _0\"></span>s held (se<span class=\"_ _0\"></span>e note 22). Diluted ear<span class=\"_ _0\"></span>nings per s<span class=\"_ _0\"></span>hare is calc<span class=\"_ _0\"></span>ulated by adjus<span class=\"_ _0\"></span>ting th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1d9\">weighte<span class=\"_ _0\"></span>d average num<span class=\"_ _0\"></span>ber of share<span class=\"_ _0\"></span>s used for th<span class=\"_ _0\"></span>e calcul<span class=\"_ _0\"></span>ation of ba<span class=\"_ _0\"></span>sic earnin<span class=\"_ _0\"></span>gs per share a<span class=\"_ _0\"></span>s increas<span class=\"_ _0\"></span>ed by the dilu<span class=\"_ _0\"></span>tive ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of potentia<span class=\"_ _0\"></span>l </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1da\">ordinar<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>es. Dilut<span class=\"_ _0\"></span>ive shares a<span class=\"_ _0\"></span>rise from e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>e share opti<span class=\"_ _0\"></span>on sche<span class=\"_ _0\"></span>mes w<span class=\"_ _0\"></span>here the e<span class=\"_ _0\"></span>xercise pri<span class=\"_ _0\"></span>ce is les<span class=\"_ _0\"></span>s than the avera<span class=\"_ _0\"></span>ge market pri<span class=\"_ _0\"></span>ce </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1db\">of<span class=\"_ gs1\"> </span>the Company<span class=\"_ _0\"></span>\u2019s ordinar<span class=\"_ _0\"></span>y shares dur<span class=\"_ _0\"></span>ing the year. Where the o<span class=\"_ _0\"></span>ption p<span class=\"_ _0\"></span>rice is abo<span class=\"_ _0\"></span>ve the averag<span class=\"_ _0\"></span>e market price, the o<span class=\"_ _0\"></span>ption is n<span class=\"_ _0\"></span>ot dilutive an<span class=\"_ _0\"></span>d is </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1dc\">exclud<span class=\"_ _0\"></span>ed from th<span class=\"_ _0\"></span>e diluted ear<span class=\"_ _0\"></span>nings per s<span class=\"_ _0\"></span>hare calcul<span class=\"_ _0\"></span>ation.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs1dd\">2023<span class=\"_ _1e9\"> </span><span class=\"ff28 lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls18 ws15 gs1de\">Earnings per share<span class=\"_ _28\"> </span><span class=\"ff28 fc3 ls6 ws0\">\u2013 basic <span class=\"_ _15a\"> </span><span class=\"ff27 ls73 ws6d\">70<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>p<span class=\"_ _88\"> </span></span><span class=\"ls102 wsfa\">8<span class=\"_ _5\"></span>7.<span class=\"_ _0\"></span>6<span class=\"_ _5\"></span>p<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs1df\">\u2013 diluted<span class=\"_ _1ea\"> </span><span class=\"ff27\">70.<span class=\"_ _0\"></span>5p<span class=\"_ _e2\"> </span></span><span class=\"ls12 ws1f\">87<span class=\"_ _2\"></span>.3p<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs1e0\">Pro<span class=\"_ _0\"></span>fit for t<span class=\"_ _0\"></span>he fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial yea<span class=\"_ _0\"></span>r att<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to t<span class=\"_ _0\"></span>he own<span class=\"_ _0\"></span>ers o<span class=\"_ _0\"></span>f the C<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>ny<span class=\"_ _1eb\"> </span><span class=\"fc3 lsde wsd8\">\u00a3<span class=\"_ _0\"></span>61.<span class=\"_ _0\"></span>7m<span class=\"_ _109\"> </span><span class=\"ff28 lsc4 ws14b\">\u00a3<span class=\"_ _0\"></span>76.<span class=\"_ _0\"></span>2m<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1e1\">Weighted ave<span class=\"_ _0\"></span>rage numb<span class=\"_ _0\"></span>er of shares us<span class=\"_ _0\"></span>ed: <span class=\"_ _155\"> </span><span class=\"ff27 fs17 ls8a ws80\">Numb<span class=\"_ _0\"></span>er<span class=\"_ _88\"> </span><span class=\"ff28 lsdd wsd7\">Numbe<span class=\"_ _0\"></span>r<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1e2\">\u2013 Is<span class=\"_ _0\"></span>sued ordina<span class=\"_ _0\"></span>ry s<span class=\"_ _0\"></span>hares at be<span class=\"_ _0\"></span>ginning of year <span class=\"_ _1ec\"> </span><span class=\"ff27 lsa ws8\">86,9<span class=\"_ _0\"></span>95,029<span class=\"_ _123\"> </span></span><span class=\"ls6d wsc6\">86,9<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>,573<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1e3\">\u2013 Effec<span class=\"_ _0\"></span>t of ow<span class=\"_ _0\"></span>n shares he<span class=\"_ _0\"></span>ld <span class=\"_ _1ed\"> </span><span class=\"ff27 ls7d ws100\">(7<span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>)<span class=\"_ _11a\"> </span></span><span class=\"ls173 ws175\">(<span class=\"_ _6\"></span>8<span class=\"_ _5\"></span>7,<span class=\"_ _0\"></span>9<span class=\"_ _5\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1e4\">\u2013 Effec<span class=\"_ _0\"></span>t of share<span class=\"_ _0\"></span>s issue<span class=\"_ _0\"></span>d during th<span class=\"_ _0\"></span>e year <span class=\"_ _1ba\"> </span><span class=\"ff27 ls10 wse\">18<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _db\"> </span></span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs1e5\">Ba<span class=\"_ _0\"></span>sic we<span class=\"_ _0\"></span>ight<span class=\"_ _0\"></span>ed avera<span class=\"_ _0\"></span>ge num<span class=\"_ _0\"></span>ber o<span class=\"_ _0\"></span>f shar<span class=\"_ _0\"></span>es<span class=\"_ _ac\"> </span><span class=\"fc3 ls12e ws126\">8<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>,<span class=\"_ _6\"></span>9<span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>7,1<span class=\"_ _0\"></span>8<span class=\"_ _6\"></span>7<span class=\"_ _6f\"> </span><span class=\"ff28 ls173 ws175\">8<span class=\"_ _5\"></span>6<span class=\"_ _6\"></span>,<span class=\"_ _5\"></span>8<span class=\"_ _6\"></span>9<span class=\"_ _6\"></span>7,<span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>5<span class=\"_ _6\"></span>3<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs1e6\">Effec<span class=\"_ _0\"></span>t of share o<span class=\"_ _0\"></span>ptions <span class=\"_ _1ee\"> </span><span class=\"ff27 ls14 ws12\">559,2<span class=\"_ _0\"></span>22<span class=\"_ _6a\"> </span></span><span class=\"ls12c ws124\">3<span class=\"_ _6\"></span>41,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs1e7\">Dil<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>d weig<span class=\"_ _0\"></span>hted avera<span class=\"_ _0\"></span>ge nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of sha<span class=\"_ _0\"></span>res <span class=\"_ _a6\"> </span><span class=\"fc3 lsfa wsf4\">87<span class=\"_ _2\"></span>,49<span class=\"_ _1\"></span>6,409<span class=\"_ _6f\"> </span><span class=\"ff28 ls173 ws175\">8<span class=\"_ _6\"></span>7,<span class=\"_ _5\"></span>2<span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>9<span class=\"_ _6\"></span>,<span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2</span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "9. Prope<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, plant a<span class=\"_ _0\"></span>nd equipm<span class=\"_ _0\"></span>ent<span class=\"_ _2cb\"> </span>Owned assets<span class=\"_ _2cb\"> </span>All ow<span class=\"_ _0\"></span>ned ite<span class=\"_ _0\"></span>ms of prope<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>y, plant and equipm<span class=\"_ _0\"></span>ent are st<span class=\"_ _0\"></span>ated at his<span class=\"_ _0\"></span>toric<span class=\"_ _0\"></span>al cost l<span class=\"_ _0\"></span>ess accumu<span class=\"_ _0\"></span>lated de<span class=\"_ _0\"></span>preciati<span class=\"_ _0\"></span>on and prov<span class=\"_ _0\"></span>ision for im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt. The co<span class=\"_ _0\"></span>st of se<span class=\"_ _0\"></span>lf-con<span class=\"_ _0\"></span>struc<span class=\"_ _0\"></span>ted as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>es the co<span class=\"_ _0\"></span>st of materia<span class=\"_ _0\"></span>ls, direc<span class=\"_ _0\"></span>t lab<span class=\"_ _0\"></span>our and an ap<span class=\"_ _0\"></span>propria<span class=\"_ _0\"></span>te propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of overh<span class=\"_ _0\"></span>eads.<span class=\"_ _2cb\"> </span>Subse<span class=\"_ _0\"></span>quent cos<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount or reco<span class=\"_ _0\"></span>gnised a<span class=\"_ _0\"></span>s a sepa<span class=\"_ _0\"></span>rate asse<span class=\"_ _0\"></span>t, as app<span class=\"_ _0\"></span>ropriate, onl<span class=\"_ _0\"></span>y when it is p<span class=\"_ _0\"></span>robab<span class=\"_ _0\"></span>le that future e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c benef<span class=\"_ _0\"></span>its a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the item w<span class=\"_ _0\"></span>ill flow to th<span class=\"_ _0\"></span>e Group and th<span class=\"_ _0\"></span>e cost of th<span class=\"_ _0\"></span>e item can b<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d reliabl<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. All ot<span class=\"_ _0\"></span>her repair<span class=\"_ _0\"></span>s and mainte<span class=\"_ _0\"></span>nance cost<span class=\"_ _0\"></span>s are charg<span class=\"_ _0\"></span>ed to the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>atement du<span class=\"_ _0\"></span>ring the fina<span class=\"_ _0\"></span>ncial year in w<span class=\"_ _0\"></span>hich they a<span class=\"_ _0\"></span>re incurred<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Borr<span class=\"_ _0\"></span>owing cos<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>lating to the cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of qualif<span class=\"_ _0\"></span>ying pro<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, plant an<span class=\"_ _0\"></span>d equipm<span class=\"_ _0\"></span>ent are cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed, at the a<span class=\"_ _0\"></span>ctual co<span class=\"_ _0\"></span>st incur<span class=\"_ _0\"></span>red whe<span class=\"_ _0\"></span>re the fund<span class=\"_ _0\"></span>s are borro<span class=\"_ _0\"></span>wed sp<span class=\"_ _0\"></span>ecific<span class=\"_ _0\"></span>ally to fund t<span class=\"_ _0\"></span>he constr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t. All oth<span class=\"_ _0\"></span>er finance cos<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re exp<span class=\"_ _0\"></span>ensed a<span class=\"_ _0\"></span>s incurred.<span class=\"_ _2cb\"> </span>Depreciation<span class=\"_ _2cb\"> </span>Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n is charge<span class=\"_ _0\"></span>d to the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment on a s<span class=\"_ _0\"></span>traight line ba<span class=\"_ _0\"></span>sis over the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d useful e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c lives as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _2cb\"> </span>Building<span class=\"_ _0\"></span>s <span class=\"_ _1ef\"></span>   25<span class=\"_ _0\"></span>\u201350 <span class=\"_ _1f0\"></span>year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Plant and m<span class=\"_ _0\"></span>achiner<span class=\"_ _0\"></span>y  <span class=\"_ _db\"> </span> <span class=\"_ _124\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>\u201330 ye<span class=\"_ _0\"></span>ars<span class=\"_ _2cb\"> </span>Fix<span class=\"_ _0\"></span>tures<span class=\"_ _0\"></span>, fitt<span class=\"_ _0\"></span>ings, too<span class=\"_ _0\"></span>ls and equip<span class=\"_ _0\"></span>ment <span class=\"_ _5b\"> </span>5<span class=\"_ _0\"></span>\u20131<span class=\"_ _1\"></span>0 year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Computer<span class=\"_ _0\"></span>s and motor ve<span class=\"_ _0\"></span>hicles <span class=\"_ _0\"></span> <span class=\"_ _124\"> </span>2\u20135 year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Freeh<span class=\"_ _0\"></span>old land is n<span class=\"_ _0\"></span>ot depre<span class=\"_ _0\"></span>ciated.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>sidual valu<span class=\"_ _0\"></span>es and us<span class=\"_ _0\"></span>eful lives of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d annually for conti<span class=\"_ _0\"></span>nued app<span class=\"_ _0\"></span>ropriaten<span class=\"_ _0\"></span>ess an<span class=\"_ _0\"></span>d indicat<span class=\"_ _0\"></span>ions of imp<span class=\"_ _0\"></span>airment an<span class=\"_ _0\"></span>d adjuste<span class=\"_ _0\"></span>d if<span class=\"_ gs1\"> </span>appropriate<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n on ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s classif<span class=\"_ _0\"></span>ied as in th<span class=\"_ _0\"></span>e cours<span class=\"_ _0\"></span>e of constr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion comm<span class=\"_ _0\"></span>ences wh<span class=\"_ _0\"></span>en the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y for their inten<span class=\"_ _0\"></span>ded us<span class=\"_ _0\"></span>e and trans<span class=\"_ _0\"></span>ferred<span class=\"_ _0\"></span> from as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion into the re<span class=\"_ _0\"></span>levant as<span class=\"_ _0\"></span>set ca<span class=\"_ _0\"></span>tegor<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>Profi<span class=\"_ _0\"></span>ts and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>osal<span class=\"_ _0\"></span>s are deter<span class=\"_ _0\"></span>mined by comp<span class=\"_ _0\"></span>aring pro<span class=\"_ _0\"></span>ceeds w<span class=\"_ _0\"></span>ith the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount. T<span class=\"_ _0\"></span>hese are in<span class=\"_ _0\"></span>cluded in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span>Impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f clim<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span>The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e on prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ty, plant and equ<span class=\"_ _0\"></span>ipment is pr<span class=\"_ _0\"></span>imarily a re<span class=\"_ _0\"></span>sult of physi<span class=\"_ _0\"></span>cal risk<span class=\"_ _0\"></span>s, for e<span class=\"_ _0\"></span>xample i<span class=\"_ _0\"></span>ncreasing<span class=\"_ _0\"></span> sever<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of floo<span class=\"_ _0\"></span>ding or high w<span class=\"_ _0\"></span>inds whi<span class=\"_ _0\"></span>ch could impa<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he useful e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c life of the as<span class=\"_ _0\"></span>set. T<span class=\"_ _0\"></span>he max<span class=\"_ _0\"></span>imum useful li<span class=\"_ _0\"></span>fe of asset<span class=\"_ _0\"></span>s is 50 year<span class=\"_ _0\"></span>s, relat<span class=\"_ _0\"></span>ing to off<span class=\"_ _0\"></span>ice building<span class=\"_ _0\"></span>s, with p<span class=\"_ _0\"></span>rimar<span class=\"_ _0\"></span>y plant as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s being d<span class=\"_ _0\"></span>eprec<span class=\"_ _0\"></span>iated over 30 y<span class=\"_ _0\"></span>ears<span class=\"_ _0\"></span>. The late<span class=\"_ _0\"></span>st date for an a<span class=\"_ _0\"></span>sset to be fully d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciated is 20<span class=\"_ _0\"></span>62, with the late<span class=\"_ _0\"></span>st date for ma<span class=\"_ _0\"></span>nufactu<span class=\"_ _0\"></span>ring ass<span class=\"_ _0\"></span>ets c<span class=\"_ _0\"></span>urrently u<span class=\"_ _0\"></span>nder cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tion e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to be 205<span class=\"_ _0\"></span>4. Bas<span class=\"_ _0\"></span>ed on the si<span class=\"_ _0\"></span>te by site climate chang<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed to date, it is not anti<span class=\"_ _0\"></span>cipated that a<span class=\"_ _0\"></span>ny physic<span class=\"_ _0\"></span>al risk<span class=\"_ _0\"></span>s would material<span class=\"_ _0\"></span>ly impac<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>roup\u2019s asset<span class=\"_ _0\"></span>s to the ex<span class=\"_ _0\"></span>tent tha<span class=\"_ _0\"></span>t their curr<span class=\"_ _0\"></span>ent carr<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng value or rem<span class=\"_ _0\"></span>aining usefu<span class=\"_ _0\"></span>l econom<span class=\"_ _0\"></span>ic lives wo<span class=\"_ _0\"></span>uld be red<span class=\"_ _0\"></span>uced.<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts wh<span class=\"_ _0\"></span>ich may be imp<span class=\"_ _0\"></span>acte<span class=\"_ _0\"></span>d by proac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve act<span class=\"_ _0\"></span>ions to redu<span class=\"_ _0\"></span>ce carb<span class=\"_ _0\"></span>on emis<span class=\"_ _0\"></span>sions, for e<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>e gas powe<span class=\"_ _0\"></span>red boil<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, or by potentia<span class=\"_ _0\"></span>l regulati<span class=\"_ _0\"></span>ons to curb c<span class=\"_ _0\"></span>arbon e<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>ns are being a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d as the path to N<span class=\"_ _0\"></span>et Zero i<span class=\"_ _0\"></span>s planned in d<span class=\"_ _0\"></span>etail a<span class=\"_ _0\"></span>nd regulator<span class=\"_ _0\"></span>s provi<span class=\"_ _0\"></span>de more t<span class=\"_ _0\"></span>ransparenc<span class=\"_ _0\"></span>y on t<span class=\"_ _0\"></span>heir pote<span class=\"_ _0\"></span>ntial appro<span class=\"_ _0\"></span>ach. Bas<span class=\"_ _0\"></span>ed on the p<span class=\"_ _0\"></span>lanning wor<span class=\"_ _0\"></span>k per<span class=\"_ _0\"></span>forme<span class=\"_ _0\"></span>d to date, for examp<span class=\"_ _0\"></span>le repla<span class=\"_ _0\"></span>cing gas as th<span class=\"_ _0\"></span>e heat so<span class=\"_ _0\"></span>urce with hydro<span class=\"_ _0\"></span>gen, bio<span class=\"_ _0\"></span>gas or gre<span class=\"_ _0\"></span>en ele<span class=\"_ _0\"></span>ctr<span class=\"_ _0\"></span>icit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, and th<span class=\"_ _0\"></span>e infanc<span class=\"_ _0\"></span>y of the regula<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>y approa<span class=\"_ _0\"></span>ch, there is not<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be a ma<span class=\"_ _0\"></span>terial impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>n the remainin<span class=\"_ _0\"></span>g useful e<span class=\"_ _0\"></span>conomic li<span class=\"_ _0\"></span>ves, or t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing value, of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s held by t<span class=\"_ _0\"></span>he Group.<span class=\"_ _2cb\"> </span>The Comp<span class=\"_ _0\"></span>any has minimal as<span class=\"_ _0\"></span>set valu<span class=\"_ _0\"></span>e in market<span class=\"_ _0\"></span>/app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>on spe<span class=\"_ _0\"></span>cific pro<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, plant an<span class=\"_ _0\"></span>d equipm<span class=\"_ _0\"></span>ent where t<span class=\"_ _0\"></span>here is ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to be a mater<span class=\"_ _0\"></span>ial drop in d<span class=\"_ _0\"></span>emand due to cl<span class=\"_ _0\"></span>imate change.<span class=\"_ _2cb\"> </span>Rig<span class=\"_ _0\"></span>ht of us<span class=\"_ _0\"></span>e (\u2018<span class=\"_ _0\"></span>ROU<span class=\"_ _0\"></span>\u2019) a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _2cb\"> </span>At inceptio<span class=\"_ _0\"></span>n of a contrac<span class=\"_ _0\"></span>t, the G<span class=\"_ _0\"></span>roup ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>ther a contra<span class=\"_ _0\"></span>ct is, o<span class=\"_ _0\"></span>r contains<span class=\"_ _0\"></span>, a lease. A contra<span class=\"_ _0\"></span>ct is<span class=\"_ _0\"></span>, or contains<span class=\"_ _0\"></span>, a leas<span class=\"_ _0\"></span>e if the contrac<span class=\"_ _0\"></span>t convey<span class=\"_ _0\"></span>s the right to cont<span class=\"_ _0\"></span>rol the us<span class=\"_ _0\"></span>e of an identi<span class=\"_ _0\"></span>fied as<span class=\"_ _0\"></span>set for a p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of time in excha<span class=\"_ _0\"></span>nge for consi<span class=\"_ _0\"></span>deratio<span class=\"_ _0\"></span>n. Leas<span class=\"_ _0\"></span>es are recog<span class=\"_ _0\"></span>nised as a R<span class=\"_ _0\"></span>OU as<span class=\"_ _0\"></span>set and a cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding lea<span class=\"_ _0\"></span>se liabili<span class=\"_ _0\"></span>ty at t<span class=\"_ _0\"></span>he date at whi<span class=\"_ _0\"></span>ch the leas<span class=\"_ _0\"></span>ed as<span class=\"_ _0\"></span>set is availa<span class=\"_ _0\"></span>ble for use b<span class=\"_ _0\"></span>y the Group.<span class=\"_ _2cb\"> </span>At the leas<span class=\"_ _0\"></span>e comme<span class=\"_ _0\"></span>ncement date a R<span class=\"_ _0\"></span>OU ass<span class=\"_ _0\"></span>et is mea<span class=\"_ _0\"></span>sured at cos<span class=\"_ _0\"></span>t comprisi<span class=\"_ _0\"></span>ng the follow<span class=\"_ _0\"></span>ing: the amo<span class=\"_ _0\"></span>unt of the initia<span class=\"_ _0\"></span>l measurem<span class=\"_ _0\"></span>ent of the le<span class=\"_ _0\"></span>ase liabi<span class=\"_ _0\"></span>lity<span class=\"_ _0\"></span>; any leas<span class=\"_ _0\"></span>e payment<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e at or befo<span class=\"_ _0\"></span>re the comme<span class=\"_ _0\"></span>ncement da<span class=\"_ _0\"></span>te less a<span class=\"_ _0\"></span>ny lease ince<span class=\"_ _0\"></span>ntives re<span class=\"_ _0\"></span>ceived; any init<span class=\"_ _0\"></span>ial direc<span class=\"_ _0\"></span>t cost<span class=\"_ _0\"></span>s; and res<span class=\"_ _0\"></span>toratio<span class=\"_ _0\"></span>n cost<span class=\"_ _0\"></span>s to return th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t to its or<span class=\"_ _0\"></span>iginal cond<span class=\"_ _0\"></span>ition.<span class=\"_ _2cb\"> </span>The R<span class=\"_ _0\"></span>OU ass<span class=\"_ _0\"></span>et is de<span class=\"_ _0\"></span>preciate<span class=\"_ _0\"></span>d over the sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ter of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s useful econ<span class=\"_ _0\"></span>omic life and t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e term on a s<span class=\"_ _0\"></span>traight line b<span class=\"_ _0\"></span>asis. If o<span class=\"_ _0\"></span>wner<span class=\"_ _0\"></span>ship of the RO<span class=\"_ _0\"></span>U ass<span class=\"_ _0\"></span>et transfer<span class=\"_ _0\"></span>s to the Gro<span class=\"_ _0\"></span>up at the end of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e term or th<span class=\"_ _0\"></span>e cost ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he exercis<span class=\"_ _0\"></span>e of a purchase o<span class=\"_ _0\"></span>ption, d<span class=\"_ _0\"></span>epreci<span class=\"_ _0\"></span>ation is cal<span class=\"_ _0\"></span>culated using t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated use<span class=\"_ _0\"></span>ful econo<span class=\"_ _0\"></span>mic life of the as<span class=\"_ _0\"></span>set. Contract<span class=\"_ _0\"></span>s may cont<span class=\"_ _0\"></span>ain both l<span class=\"_ _0\"></span>ease and n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e compo<span class=\"_ _0\"></span>nent<span class=\"_ _0\"></span>s. The Compa<span class=\"_ _0\"></span>ny alloc<span class=\"_ _0\"></span>ates the cons<span class=\"_ _0\"></span>iderati<span class=\"_ _0\"></span>on in the contra<span class=\"_ _0\"></span>ct to th<span class=\"_ _0\"></span>e lease a<span class=\"_ _0\"></span>nd non<span class=\"_ _0\"></span>-le<span class=\"_ _0\"></span>ase comp<span class=\"_ _0\"></span>onent<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>ed on the<span class=\"_ _0\"></span>ir relative s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>-al<span class=\"_ _0\"></span>one pri<span class=\"_ _0\"></span>ces. Ho<span class=\"_ _0\"></span>wever<span class=\"_ _1\"></span>, for le<span class=\"_ _0\"></span>ases of ret<span class=\"_ _0\"></span>ail es<span class=\"_ _0\"></span>tate for w<span class=\"_ _0\"></span>hich the Company is a l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ee and for wh<span class=\"_ _0\"></span>ich it has maj<span class=\"_ _0\"></span>or leas<span class=\"_ _0\"></span>es, it has e<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ted not to s<span class=\"_ _0\"></span>eparate le<span class=\"_ _0\"></span>ase and no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d instead a<span class=\"_ _0\"></span>ccounts for th<span class=\"_ _0\"></span>ese as a single lease component<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs20d\">La<span class=\"_ _0\"></span>nd and </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls9a ws8f gs20e\">buildings </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs20f\">\u00a3m </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs210\">Pla<span class=\"_ _0\"></span>nt and </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsb3 wsaa gs211\">machiner<span class=\"_ _0\"></span>y </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs212\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs213\">Computers<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs214\">and m<span class=\"_ _0\"></span>otor<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsb3 wsaa gs215\">vehicles </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs216\"> \u00a3m </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls8b ws81 gs217\">Fixtures,</div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs218\"> fit<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>s, </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs219\"> too<span class=\"_ _0\"></span>ls and </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs21a\">equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs21b\">\u00a3m </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls129 ws121 gs21c\">Right<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs21d\">of us<span class=\"_ _0\"></span>e<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsa ws8 gs21e\">assets<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs21f\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs220\">A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts in<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs221\">cour<span class=\"_ _0\"></span>se of<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs222\">construction </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs223\">\u00a3m </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls77 ws18e gs224\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs225\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls1d ws1b gs226\">Cost<span class=\"_ _1f1\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs227\">At 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _1f2\"> </span><span class=\"ls9 ws7\">63.<span class=\"_ _0\"></span>2<span class=\"_ _3f\"> </span><span class=\"ls60 ws5b\">3<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>.1<span class=\"_ _13a\"> </span><span class=\"ls7e ws76\">5.9<span class=\"_ _b7\"> </span>3.9<span class=\"_ _6a\"> </span></span>13<span class=\"_ _6\"></span>.1<span class=\"_ _ad\"> </span><span class=\"lse wsc\">5<span class=\"_ _0\"></span>8.0<span class=\"_ _3f\"> </span><span class=\"ls102 wsfa\">4<span class=\"_ _5\"></span>8<span class=\"_ _0\"></span>7.<span class=\"_ _5\"></span>2<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs228\">Excha<span class=\"_ _0\"></span>nge dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s<span class=\"_ _9e\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _6\"></span>2<span class=\"_ _13a\"> </span><span class=\"ls29 ws26\">2.9<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _124\"> </span>0<span class=\"_ _6\"></span>.1<span class=\"_ _ee\"> </span></span></span></span>\u2014<span class=\"_ _b7\"> </span><span class=\"ls12 ws1f\">6.3<span class=\"_ _8b\"> </span></span>10.6<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs229\">Additions<span class=\"_ _1\"></span> <span class=\"_ _1f3\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _b7\"> </span><span class=\"ls7e ws76\">3.9<span class=\"_ _b7\"> </span></span>0.2<span class=\"_ _62\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>6<span class=\"_ _ad\"> </span></span>45.6<span class=\"_ _45\"> </span><span class=\"ls17e ws181\">51<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs22a\">Dispos<span class=\"_ _0\"></span>als <span class=\"_ _1b6\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span><span class=\"ls9 ws7\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _102\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _102\"> </span><span class=\"ls29 ws26\">(2.0<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs22b\">Reclassi<span class=\"_ _0\"></span>fication<span class=\"_ _1f4\"> </span><span class=\"ls6 ws0\">0.2<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.4<span class=\"_ _b7\"> </span></span>0.6<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _ee\"> </span></span>\u2014<span class=\"_ _102\"> </span><span class=\"ls22 ws6b\">(4.<span class=\"_ _0\"></span>3)<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs22c\">At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _19a\"> </span>64.6<span class=\"_ _3f\"> </span><span class=\"ls29 ws26\">352.5<span class=\"_ _b7\"> </span><span class=\"ls15 ws13\">6.8<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">4<span class=\"_ _6\"></span>.1<span class=\"_ _11a\"> </span><span class=\"ls9 ws7\">13.5<span class=\"_ _43\"> </span></span></span></span></span>105.6<span class=\"_ _f1\"> </span><span class=\"ls102 wsfa\">5<span class=\"_ _5\"> </span>4<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>1<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs22d\">Excha<span class=\"_ _0\"></span>nge dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s<span class=\"_ _16b\"> </span><span class=\"ls7e ws76\">(0.9)<span class=\"_ _45\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _f6\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _45\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _13a\"> </span></span></span></span></span>\u2014<span class=\"_ _d3\"> </span><span class=\"ls102 wsfa\">(<span class=\"_ _6\"></span>7.<span class=\"_ _5\"> </span>8<span class=\"_ _0\"></span>)<span class=\"_ _f3\"> </span><span class=\"ls70 ws6a\">(10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs22e\">Additions<span class=\"_ _1\"></span> <span class=\"_ _1f3\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _ee\"> </span></span>\u2014<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.0<span class=\"_ _8b\"> </span>30.5<span class=\"_ _8b\"> </span><span class=\"ls6a ws66\">33.<span class=\"_ _0\"></span>8<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs22f\">Dispos<span class=\"_ _0\"></span>als <span class=\"_ _1b6\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _102\"> </span><span class=\"ls22 ws6b\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _25\"> </span><span class=\"ls72 ws15b\">(3.<span class=\"_ _0\"></span>2)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _25\"> </span><span class=\"ls9 ws7\">(3.5)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs230\">Reclassi<span class=\"_ _0\"></span>fication<span class=\"_ _103\"> </span><span class=\"ls60 ws5b\">4<span class=\"_ _6\"></span>.1<span class=\"_ _ad\"> </span><span class=\"ls6a ws66\">28<span class=\"_ _0\"></span>.2<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.<span class=\"_ _0\"></span>5<span class=\"_ _db\"> </span></span></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _90\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _3d\"> </span><span class=\"ls7e ws76\">(3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.9)<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs231\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _1f5\"> </span><span class=\"fc3 lscd wse4\">6<span class=\"_ _0\"></span>7.<span class=\"_ _5\"></span>8<span class=\"_ _3c\"> </span><span class=\"ls1c ws1a\">37<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>8<span class=\"_ _186\"> </span><span class=\"ls86 wsba\">9.<span class=\"_ _0\"></span>3<span class=\"_ _106\"> </span><span class=\"ls12d ws125\">4.0<span class=\"_ _42\"> </span><span class=\"ls19 ws16\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _8a\"> </span><span class=\"ls7 ws5\">93.<span class=\"_ _0\"></span>4<span class=\"_ _e5\"> </span><span class=\"lsc wsa\">566<span class=\"_ _0\"></span>.6<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 lsa ws8 gs232\">Accumulated depreciation<span class=\"_ _1ab\"> </span><span class=\"fc3 ls6 ws0\"> <span class=\"_ _163\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs233\">At 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _1f6\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _3b\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _db\"> </span><span class=\"ls29 ws26\">2.<span class=\"_ _0\"></span>4<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.6<span class=\"_ _b7\"> </span>3.4<span class=\"_ _10b\"> </span></span></span></span></span>\u2014 <span class=\"_ _27\"> </span><span class=\"lsfb wsf5\">1<span class=\"_ _0\"></span>81.<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs234\">Excha<span class=\"_ _0\"></span>nge dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s<span class=\"_ _9e\"> </span>0.4<span class=\"_ _b7\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _13a\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _ee\"> </span></span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs235\">Dispos<span class=\"_ _0\"></span>als <span class=\"_ _1b6\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span>(0.6)<span class=\"_ _124\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _d3\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _102\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs236\">Depreciat<span class=\"_ _0\"></span>ion charge <span class=\"_ _14a\"> </span><span class=\"ls29 ws26\">2.0<span class=\"_ _45\"> </span><span class=\"lse2 wsdc\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _13a\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>0<span class=\"_ _124\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _124\"> </span>2<span class=\"_ _6\"></span>.1<span class=\"_ _ee\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _ad\"> </span><span class=\"lse1 wsdb\">19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs237\">At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _199\"> </span><span class=\"lse1 wsdb\">19.<span class=\"_ _0\"></span>0<span class=\"_ _3b\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.5<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">3.7<span class=\"_ _b7\"> </span><span class=\"ls12 ws1f\">4.3<span class=\"_ _10b\"> </span></span></span></span></span></span>\u2014<span class=\"_ _3f\"> </span><span class=\"ls7e ws76\">1<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>9.9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs238\">Excha<span class=\"_ _0\"></span>nge dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s<span class=\"_ _1f7\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _8b\"> </span></span>(0.6)<span class=\"_ _11a\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _ad\"> </span><span class=\"ls72 ws15b\">(0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2)<span class=\"_ _13a\"> </span></span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _186\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs239\">Dispos<span class=\"_ _0\"></span>als <span class=\"_ _1b6\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _25\"> </span><span class=\"ls9 ws7\">(3.0)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _25\"> </span><span class=\"ls72 ws15b\">(3.<span class=\"_ _0\"></span>2)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs23a\">Depreciat<span class=\"_ _0\"></span>ion charge <span class=\"_ _14a\"> </span><span class=\"ls29 ws26\">2.2<span class=\"_ _ad\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _13a\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>2<span class=\"_ _124\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _13a\"> </span></span></span></span>2.0<span class=\"_ _10b\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _ad\"> </span><span class=\"lse1 wsdb\">19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs23b\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _1f5\"> </span><span class=\"fc3 ls7f ws70\">21.0<span class=\"_ _3c\"> </span><span class=\"ls10 wse\">18<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.9<span class=\"_ _106\"> </span><span class=\"lsc wsa\">4.6<span class=\"_ _106\"> </span>3.6<span class=\"_ _106\"> </span><span class=\"ls12d ws125\">3.3<span class=\"_ _62\"> </span></span></span></span></span><span class=\"fc3\">\u2014<span class=\"_ _43\"> </span><span class=\"ls29 ws26\">2<span class=\"_ _0\"></span>15.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls7 ws5 gs23c\">Carr<span class=\"_ _0\"></span>ying amounts<span class=\"_ _131\"> </span><span class=\"fc3 ls6 ws0\"> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> </span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs23d\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _84\"> </span><span class=\"fc3 ls28 ws25\">4<span class=\"_ _0\"></span>6.8<span class=\"_ _3c\"> </span><span class=\"ls1e ws1c\">19<span class=\"_ _0\"></span>5.<span class=\"_ _0\"></span>9<span class=\"_ _106\"> </span><span class=\"ls6d wsc6\">4<span class=\"_ _0\"></span>.7<span class=\"_ _106\"> </span><span class=\"ls17 ws14\">0.<span class=\"_ _0\"></span>4<span class=\"_ _42\"> </span><span class=\"ls9 ws7\">10.<span class=\"_ _0\"></span>0<span class=\"_ _42\"> </span><span class=\"ls7 ws5\">93.<span class=\"_ _0\"></span>4<span class=\"_ _43\"> </span><span class=\"ls1b ws19\">3<span class=\"_ _0\"></span>51.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs23e\">At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _19a\"> </span>45.6<span class=\"_ _3b\"> </span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>8<span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>.1<span class=\"_ _db\"> </span><span class=\"ls9 ws7\">3.3<span class=\"_ _b7\"> </span></span></span>0.4<span class=\"_ _b7\"> </span><span class=\"ls7e ws76\">9.2<span class=\"_ _3f\"> </span></span>1<span class=\"_ _1\"></span>05.6<span class=\"_ _3b\"> </span><span class=\"ls102 wsfa\">3<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>7.<span class=\"_ _5\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs23f\">At 30 Septe<span class=\"_ _0\"></span>mber 2021<span class=\"_ _19a\"> </span>46.6<span class=\"_ _f1\"> </span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>8<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>6<span class=\"_ _13a\"> </span><span class=\"ls9 ws7\">3.5<span class=\"_ _b7\"> </span></span></span>0.3<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">9.7<span class=\"_ _8b\"> </span><span class=\"lse wsc\">58<span class=\"_ _0\"></span>.0<span class=\"_ _43\"> </span></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs240\">\u00a3<span class=\"_ _1\"></span>1.2m (FY 2022: \u00a30.5m) of addition<span class=\"_ _0\"></span>s within as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in the cour<span class=\"_ _0\"></span>se of cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n relate to bor<span class=\"_ _0\"></span>rowing cos<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s capit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d; see note 1<span class=\"_ _1\"></span>5 for </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs241\">fur<span class=\"_ _0\"></span>ther det<span class=\"_ _0\"></span>ails.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs242\">Recla<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n relates to the m<span class=\"_ _0\"></span>ovement f<span class=\"_ _0\"></span>rom ass<span class=\"_ _0\"></span>ets in t<span class=\"_ _0\"></span>he cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion to the re<span class=\"_ _0\"></span>levant as<span class=\"_ _0\"></span>set ca<span class=\"_ _0\"></span>tegor<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs243\">for their i<span class=\"_ _0\"></span>ntended us<span class=\"_ _0\"></span>e. Detail<span class=\"_ _0\"></span>s of signific<span class=\"_ _0\"></span>ant proje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ied are incl<span class=\"_ _0\"></span>uded in th<span class=\"_ _0\"></span>e Financial re<span class=\"_ _0\"></span>view.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs244\">The fair va<span class=\"_ _0\"></span>lue of prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ty, plant and equi<span class=\"_ _0\"></span>pment is not ma<span class=\"_ _0\"></span>terially d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt to its c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs245\">The Comp<span class=\"_ _0\"></span>any has no prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ty, plant or equi<span class=\"_ _0\"></span>pment.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs246\">At 30 Septe<span class=\"_ _0\"></span>mber 2023 and 3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2022, the Group l<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d a small numbe<span class=\"_ _0\"></span>r of ass<span class=\"_ _0\"></span>ets, p<span class=\"_ _0\"></span>rincipal<span class=\"_ _0\"></span>ly land and bu<span class=\"_ _0\"></span>ildings:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls9a ws8f gs247\">Land and<span class=\"_ _ad\"> </span><span class=\"ls129 ws121\">M<span class=\"_ _0\"></span>otor<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls9a ws8f gs248\">buildings<span class=\"_ _f1\"> </span><span class=\"lsb3 wsaa\">vehicle<span class=\"_ _0\"></span>s<span class=\"_ _186\"> </span><span class=\"ls77 ws18e\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs249\">\u00a3m <span class=\"_ _10d\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _ee\"> </span>\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs24a\">Rig<span class=\"_ _0\"></span>ht of us<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _1f8\"> </span><span class=\"ff28 fc3\"> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs24b\">Balance a<span class=\"_ _0\"></span>t 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _1c4\"> </span><span class=\"ls7e ws76\">9.<span class=\"_ _0\"></span>4<span class=\"_ _b7\"> </span></span>0.3<span class=\"_ _b7\"> </span><span class=\"lsde wsd8\">9<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs24c\">Additions<span class=\"_ _1f9\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>5<span class=\"_ _13a\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _124\"> </span></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs24d\">Depreciat<span class=\"_ _0\"></span>ion charge <span class=\"_ _1fa\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _ad\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _6a\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs24e\">Balance a<span class=\"_ _0\"></span>t 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _1fb\"> </span><span class=\"ls7e ws76\">9.0<span class=\"_ _b7\"> </span></span>0.2<span class=\"_ _b7\"> </span><span class=\"ls7e ws76\">9.2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs24f\">Additions<span class=\"_ _1f9\"> </span><span class=\"lsde wsd8\">2.7<span class=\"_ _b7\"> </span><span class=\"ls6 ws0\">0.3<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.0<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs250\">Depreciat<span class=\"_ _0\"></span>ion charge<span class=\"_ _139\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _ad\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _ad\"> </span><span class=\"ls29 ws26\">(2.<span class=\"_ _0\"></span>0)<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs251\">Dispos<span class=\"_ _0\"></span>al<span class=\"_ _1d4\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014 <span class=\"_ _8a\"> </span></span>(0<span class=\"_ _0\"></span>.2)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs252\">Ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e at 30 S<span class=\"_ _0\"></span>epte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _1fc\"> </span><span class=\"fc3 ls6d wsc6\">9.7<span class=\"_ _106\"> </span><span class=\"ls17 ws14\">0.3<span class=\"_ _8a\"> </span><span class=\"ls9 ws7\">10.<span class=\"_ _0\"></span>0<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs253\">The info<span class=\"_ _0\"></span>rmatio<span class=\"_ _0\"></span>n in respe<span class=\"_ _0\"></span>ct of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es ass<span class=\"_ _0\"></span>ociate<span class=\"_ _0\"></span>d with th<span class=\"_ _0\"></span>e right of use a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s is dis<span class=\"_ _0\"></span>close<span class=\"_ _0\"></span>d in note 1<span class=\"_ _1\"></span>9.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs254\">L<span class=\"_ _0\"></span>and and build<span class=\"_ _0\"></span>ing right of use a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are pr<span class=\"_ _0\"></span>imarily le<span class=\"_ _0\"></span>ases to sup<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t manufac<span class=\"_ _0\"></span>turing c<span class=\"_ _0\"></span>apab<span class=\"_ _0\"></span>ility.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "Owned assets<span class=\"_ _2cb\"> </span>All ow<span class=\"_ _0\"></span>ned ite<span class=\"_ _0\"></span>ms of prope<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>y, plant and equipm<span class=\"_ _0\"></span>ent are st<span class=\"_ _0\"></span>ated at his<span class=\"_ _0\"></span>toric<span class=\"_ _0\"></span>al cost l<span class=\"_ _0\"></span>ess accumu<span class=\"_ _0\"></span>lated de<span class=\"_ _0\"></span>preciati<span class=\"_ _0\"></span>on and prov<span class=\"_ _0\"></span>ision for im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt. The co<span class=\"_ _0\"></span>st of se<span class=\"_ _0\"></span>lf-con<span class=\"_ _0\"></span>struc<span class=\"_ _0\"></span>ted as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s includ<span class=\"_ _0\"></span>es the co<span class=\"_ _0\"></span>st of materia<span class=\"_ _0\"></span>ls, direc<span class=\"_ _0\"></span>t lab<span class=\"_ _0\"></span>our and an ap<span class=\"_ _0\"></span>propria<span class=\"_ _0\"></span>te propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of overh<span class=\"_ _0\"></span>eads.<span class=\"_ _2cb\"> </span>Subse<span class=\"_ _0\"></span>quent cos<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount or reco<span class=\"_ _0\"></span>gnised a<span class=\"_ _0\"></span>s a sepa<span class=\"_ _0\"></span>rate asse<span class=\"_ _0\"></span>t, as app<span class=\"_ _0\"></span>ropriate, onl<span class=\"_ _0\"></span>y when it is p<span class=\"_ _0\"></span>robab<span class=\"_ _0\"></span>le that future e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c benef<span class=\"_ _0\"></span>its a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the item w<span class=\"_ _0\"></span>ill flow to th<span class=\"_ _0\"></span>e Group and th<span class=\"_ _0\"></span>e cost of th<span class=\"_ _0\"></span>e item can b<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d reliabl<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. All ot<span class=\"_ _0\"></span>her repair<span class=\"_ _0\"></span>s and mainte<span class=\"_ _0\"></span>nance cost<span class=\"_ _0\"></span>s are charg<span class=\"_ _0\"></span>ed to the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>atement du<span class=\"_ _0\"></span>ring the fina<span class=\"_ _0\"></span>ncial year in w<span class=\"_ _0\"></span>hich they a<span class=\"_ _0\"></span>re incurred<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Borr<span class=\"_ _0\"></span>owing cos<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>lating to the cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of qualif<span class=\"_ _0\"></span>ying pro<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, plant an<span class=\"_ _0\"></span>d equipm<span class=\"_ _0\"></span>ent are cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed, at the a<span class=\"_ _0\"></span>ctual co<span class=\"_ _0\"></span>st incur<span class=\"_ _0\"></span>red whe<span class=\"_ _0\"></span>re the fund<span class=\"_ _0\"></span>s are borro<span class=\"_ _0\"></span>wed sp<span class=\"_ _0\"></span>ecific<span class=\"_ _0\"></span>ally to fund t<span class=\"_ _0\"></span>he constr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t. All oth<span class=\"_ _0\"></span>er finance cos<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re exp<span class=\"_ _0\"></span>ensed a<span class=\"_ _0\"></span>s incurred.<span class=\"_ _2cb\"> </span>Depreciation<span class=\"_ _2cb\"> </span>Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n is charge<span class=\"_ _0\"></span>d to the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment on a s<span class=\"_ _0\"></span>traight line ba<span class=\"_ _0\"></span>sis over the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d useful e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c lives as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _2cb\"> </span>Building<span class=\"_ _0\"></span>s <span class=\"_ _1ef\"></span>   25<span class=\"_ _0\"></span>\u201350 <span class=\"_ _1f0\"></span>year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Plant and m<span class=\"_ _0\"></span>achiner<span class=\"_ _0\"></span>y  <span class=\"_ _db\"> </span> <span class=\"_ _124\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>\u201330 ye<span class=\"_ _0\"></span>ars<span class=\"_ _2cb\"> </span>Fix<span class=\"_ _0\"></span>tures<span class=\"_ _0\"></span>, fitt<span class=\"_ _0\"></span>ings, too<span class=\"_ _0\"></span>ls and equip<span class=\"_ _0\"></span>ment <span class=\"_ _5b\"> </span>5<span class=\"_ _0\"></span>\u20131<span class=\"_ _1\"></span>0 year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Computer<span class=\"_ _0\"></span>s and motor ve<span class=\"_ _0\"></span>hicles <span class=\"_ _0\"></span> <span class=\"_ _124\"> </span>2\u20135 year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Freeh<span class=\"_ _0\"></span>old land is n<span class=\"_ _0\"></span>ot depre<span class=\"_ _0\"></span>ciated.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>sidual valu<span class=\"_ _0\"></span>es and us<span class=\"_ _0\"></span>eful lives of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d annually for conti<span class=\"_ _0\"></span>nued app<span class=\"_ _0\"></span>ropriaten<span class=\"_ _0\"></span>ess an<span class=\"_ _0\"></span>d indicat<span class=\"_ _0\"></span>ions of imp<span class=\"_ _0\"></span>airment an<span class=\"_ _0\"></span>d adjuste<span class=\"_ _0\"></span>d if<span class=\"_ gs1\"> </span>appropriate<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n on ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s classif<span class=\"_ _0\"></span>ied as in th<span class=\"_ _0\"></span>e cours<span class=\"_ _0\"></span>e of constr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion comm<span class=\"_ _0\"></span>ences wh<span class=\"_ _0\"></span>en the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y for their inten<span class=\"_ _0\"></span>ded us<span class=\"_ _0\"></span>e and trans<span class=\"_ _0\"></span>ferred<span class=\"_ _0\"></span> from as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion into the re<span class=\"_ _0\"></span>levant as<span class=\"_ _0\"></span>set ca<span class=\"_ _0\"></span>tegor<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>Profi<span class=\"_ _0\"></span>ts and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>osal<span class=\"_ _0\"></span>s are deter<span class=\"_ _0\"></span>mined by comp<span class=\"_ _0\"></span>aring pro<span class=\"_ _0\"></span>ceeds w<span class=\"_ _0\"></span>ith the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount. T<span class=\"_ _0\"></span>hese are in<span class=\"_ _0\"></span>cluded in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-555": {
   "value": "Depreciation<span class=\"_ _2cb\"> </span>Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n is charge<span class=\"_ _0\"></span>d to the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment on a s<span class=\"_ _0\"></span>traight line ba<span class=\"_ _0\"></span>sis over the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d useful e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c lives as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _2cb\"> </span>Building<span class=\"_ _0\"></span>s <span class=\"_ _1ef\"></span>   25<span class=\"_ _0\"></span>\u201350 <span class=\"_ _1f0\"></span>year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Plant and m<span class=\"_ _0\"></span>achiner<span class=\"_ _0\"></span>y  <span class=\"_ _db\"> </span> <span class=\"_ _124\"> </span>1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>\u201330 ye<span class=\"_ _0\"></span>ars<span class=\"_ _2cb\"> </span>Fix<span class=\"_ _0\"></span>tures<span class=\"_ _0\"></span>, fitt<span class=\"_ _0\"></span>ings, too<span class=\"_ _0\"></span>ls and equip<span class=\"_ _0\"></span>ment <span class=\"_ _5b\"> </span>5<span class=\"_ _0\"></span>\u20131<span class=\"_ _1\"></span>0 year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Computer<span class=\"_ _0\"></span>s and motor ve<span class=\"_ _0\"></span>hicles <span class=\"_ _0\"></span> <span class=\"_ _124\"> </span>2\u20135 year<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Freeh<span class=\"_ _0\"></span>old land is n<span class=\"_ _0\"></span>ot depre<span class=\"_ _0\"></span>ciated.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>sidual valu<span class=\"_ _0\"></span>es and us<span class=\"_ _0\"></span>eful lives of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d annually for conti<span class=\"_ _0\"></span>nued app<span class=\"_ _0\"></span>ropriaten<span class=\"_ _0\"></span>ess an<span class=\"_ _0\"></span>d indicat<span class=\"_ _0\"></span>ions of imp<span class=\"_ _0\"></span>airment an<span class=\"_ _0\"></span>d adjuste<span class=\"_ _0\"></span>d if<span class=\"_ gs1\"> </span>appropriate<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>Dep<span class=\"_ _0\"></span>reciatio<span class=\"_ _0\"></span>n on ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s classif<span class=\"_ _0\"></span>ied as in th<span class=\"_ _0\"></span>e cours<span class=\"_ _0\"></span>e of constr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion comm<span class=\"_ _0\"></span>ences wh<span class=\"_ _0\"></span>en the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y for their inten<span class=\"_ _0\"></span>ded us<span class=\"_ _0\"></span>e and trans<span class=\"_ _0\"></span>ferred<span class=\"_ _0\"></span> from as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion into the re<span class=\"_ _0\"></span>levant as<span class=\"_ _0\"></span>set ca<span class=\"_ _0\"></span>tegor<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>Profi<span class=\"_ _0\"></span>ts and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>osal<span class=\"_ _0\"></span>s are deter<span class=\"_ _0\"></span>mined by comp<span class=\"_ _0\"></span>aring pro<span class=\"_ _0\"></span>ceeds w<span class=\"_ _0\"></span>ith the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount. T<span class=\"_ _0\"></span>hese are in<span class=\"_ _0\"></span>cluded in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "Rig<span class=\"_ _0\"></span>ht of us<span class=\"_ _0\"></span>e (\u2018<span class=\"_ _0\"></span>ROU<span class=\"_ _0\"></span>\u2019) a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _2cb\"> </span>At inceptio<span class=\"_ _0\"></span>n of a contrac<span class=\"_ _0\"></span>t, the G<span class=\"_ _0\"></span>roup ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>ther a contra<span class=\"_ _0\"></span>ct is, o<span class=\"_ _0\"></span>r contains<span class=\"_ _0\"></span>, a lease. A contra<span class=\"_ _0\"></span>ct is<span class=\"_ _0\"></span>, or contains<span class=\"_ _0\"></span>, a leas<span class=\"_ _0\"></span>e if the contrac<span class=\"_ _0\"></span>t convey<span class=\"_ _0\"></span>s the right to cont<span class=\"_ _0\"></span>rol the us<span class=\"_ _0\"></span>e of an identi<span class=\"_ _0\"></span>fied as<span class=\"_ _0\"></span>set for a p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of time in excha<span class=\"_ _0\"></span>nge for consi<span class=\"_ _0\"></span>deratio<span class=\"_ _0\"></span>n. Leas<span class=\"_ _0\"></span>es are recog<span class=\"_ _0\"></span>nised as a R<span class=\"_ _0\"></span>OU as<span class=\"_ _0\"></span>set and a cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding lea<span class=\"_ _0\"></span>se liabili<span class=\"_ _0\"></span>ty at t<span class=\"_ _0\"></span>he date at whi<span class=\"_ _0\"></span>ch the leas<span class=\"_ _0\"></span>ed as<span class=\"_ _0\"></span>set is availa<span class=\"_ _0\"></span>ble for use b<span class=\"_ _0\"></span>y the Group.<span class=\"_ _2cb\"> </span>At the leas<span class=\"_ _0\"></span>e comme<span class=\"_ _0\"></span>ncement date a R<span class=\"_ _0\"></span>OU ass<span class=\"_ _0\"></span>et is mea<span class=\"_ _0\"></span>sured at cos<span class=\"_ _0\"></span>t comprisi<span class=\"_ _0\"></span>ng the follow<span class=\"_ _0\"></span>ing: the amo<span class=\"_ _0\"></span>unt of the initia<span class=\"_ _0\"></span>l measurem<span class=\"_ _0\"></span>ent of the le<span class=\"_ _0\"></span>ase liabi<span class=\"_ _0\"></span>lity<span class=\"_ _0\"></span>; any leas<span class=\"_ _0\"></span>e payment<span class=\"_ _0\"></span>s mad<span class=\"_ _0\"></span>e at or befo<span class=\"_ _0\"></span>re the comme<span class=\"_ _0\"></span>ncement da<span class=\"_ _0\"></span>te less a<span class=\"_ _0\"></span>ny lease ince<span class=\"_ _0\"></span>ntives re<span class=\"_ _0\"></span>ceived; any init<span class=\"_ _0\"></span>ial direc<span class=\"_ _0\"></span>t cost<span class=\"_ _0\"></span>s; and res<span class=\"_ _0\"></span>toratio<span class=\"_ _0\"></span>n cost<span class=\"_ _0\"></span>s to return th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t to its or<span class=\"_ _0\"></span>iginal cond<span class=\"_ _0\"></span>ition.<span class=\"_ _2cb\"> </span>The R<span class=\"_ _0\"></span>OU ass<span class=\"_ _0\"></span>et is de<span class=\"_ _0\"></span>preciate<span class=\"_ _0\"></span>d over the sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ter of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s useful econ<span class=\"_ _0\"></span>omic life and t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e term on a s<span class=\"_ _0\"></span>traight line b<span class=\"_ _0\"></span>asis. If o<span class=\"_ _0\"></span>wner<span class=\"_ _0\"></span>ship of the RO<span class=\"_ _0\"></span>U ass<span class=\"_ _0\"></span>et transfer<span class=\"_ _0\"></span>s to the Gro<span class=\"_ _0\"></span>up at the end of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e term or th<span class=\"_ _0\"></span>e cost ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he exercis<span class=\"_ _0\"></span>e of a purchase o<span class=\"_ _0\"></span>ption, d<span class=\"_ _0\"></span>epreci<span class=\"_ _0\"></span>ation is cal<span class=\"_ _0\"></span>culated using t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated use<span class=\"_ _0\"></span>ful econo<span class=\"_ _0\"></span>mic life of the as<span class=\"_ _0\"></span>set. Contract<span class=\"_ _0\"></span>s may cont<span class=\"_ _0\"></span>ain both l<span class=\"_ _0\"></span>ease and n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e compo<span class=\"_ _0\"></span>nent<span class=\"_ _0\"></span>s. The Compa<span class=\"_ _0\"></span>ny alloc<span class=\"_ _0\"></span>ates the cons<span class=\"_ _0\"></span>iderati<span class=\"_ _0\"></span>on in the contra<span class=\"_ _0\"></span>ct to th<span class=\"_ _0\"></span>e lease a<span class=\"_ _0\"></span>nd non<span class=\"_ _0\"></span>-le<span class=\"_ _0\"></span>ase comp<span class=\"_ _0\"></span>onent<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>ed on the<span class=\"_ _0\"></span>ir relative s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>-al<span class=\"_ _0\"></span>one pri<span class=\"_ _0\"></span>ces. Ho<span class=\"_ _0\"></span>wever<span class=\"_ _1\"></span>, for le<span class=\"_ _0\"></span>ases of ret<span class=\"_ _0\"></span>ail es<span class=\"_ _0\"></span>tate for w<span class=\"_ _0\"></span>hich the Company is a l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ee and for wh<span class=\"_ _0\"></span>ich it has maj<span class=\"_ _0\"></span>or leas<span class=\"_ _0\"></span>es, it has e<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ted not to s<span class=\"_ _0\"></span>eparate le<span class=\"_ _0\"></span>ase and no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e compon<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d instead a<span class=\"_ _0\"></span>ccounts for th<span class=\"_ _0\"></span>ese as a single lease component<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>Leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _2cb\"> </span>Afte<span class=\"_ _0\"></span>r the comme<span class=\"_ _0\"></span>ncement da<span class=\"_ _0\"></span>te, the amount of le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>ilities i<span class=\"_ _0\"></span>s increase<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e accretio<span class=\"_ _0\"></span>n of interes<span class=\"_ _0\"></span>t and reduce<span class=\"_ _0\"></span>d for the lea<span class=\"_ _0\"></span>se paym<span class=\"_ _0\"></span>ents ma<span class=\"_ _0\"></span>de.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted not to reco<span class=\"_ _0\"></span>gnise RO<span class=\"_ _0\"></span>U ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d lease lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s for shor<span class=\"_ _0\"></span>t-term le<span class=\"_ _0\"></span>ases t<span class=\"_ _0\"></span>hat have a leas<span class=\"_ _0\"></span>e term of 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs or les<span class=\"_ _0\"></span>s and tho<span class=\"_ _0\"></span>se lea<span class=\"_ _0\"></span>ses of low<span class=\"_ _0\"></span>-valu<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Payment<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sociate<span class=\"_ _0\"></span>d with sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t-term leas<span class=\"_ _0\"></span>es and le<span class=\"_ _0\"></span>ases of l<span class=\"_ _0\"></span>ow-va<span class=\"_ _0\"></span>lue ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>re recogni<span class=\"_ _0\"></span>sed on a strai<span class=\"_ _0\"></span>ght line basis a<span class=\"_ _0\"></span>s an exp<span class=\"_ _0\"></span>ense in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. Shor<span class=\"_ _0\"></span>t-term le<span class=\"_ _0\"></span>ases ar<span class=\"_ _0\"></span>e lease<span class=\"_ _0\"></span>s with a l<span class=\"_ _0\"></span>ease ter<span class=\"_ _0\"></span>m of 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths or le<span class=\"_ _0\"></span>ss that d<span class=\"_ _0\"></span>o not contain a p<span class=\"_ _0\"></span>urchase o<span class=\"_ _0\"></span>ption. Lo<span class=\"_ _0\"></span>w-va<span class=\"_ _0\"></span>lue ass<span class=\"_ _0\"></span>ets ma<span class=\"_ _0\"></span>inly compr<span class=\"_ _0\"></span>ise of<span class=\"_ _0\"></span>fice equi<span class=\"_ _0\"></span>pment.<span class=\"_ _2cb\"> </span>Leas<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>ies are init<span class=\"_ _0\"></span>ially me<span class=\"_ _0\"></span>asured at the<span class=\"_ _0\"></span>ir prese<span class=\"_ _0\"></span>nt value, which in<span class=\"_ _0\"></span>cludes t<span class=\"_ _0\"></span>he follow<span class=\"_ _0\"></span>ing leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts: fi<span class=\"_ _0\"></span>xed paym<span class=\"_ _0\"></span>ents (i<span class=\"_ _0\"></span>ncluding in<span class=\"_ _0\"></span>-<span class=\"_ _2cb\"> </span>subs<span class=\"_ _0\"></span>tance fi<span class=\"_ _0\"></span>xed paym<span class=\"_ _0\"></span>ents), les<span class=\"_ _0\"></span>s any lease i<span class=\"_ _0\"></span>ncentive<span class=\"_ _0\"></span>s receiva<span class=\"_ _0\"></span>ble; variabl<span class=\"_ _0\"></span>e lease p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s that are b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n an index o<span class=\"_ _0\"></span>r a rate (using the inde<span class=\"_ _0\"></span>x or rate in place at t<span class=\"_ _0\"></span>ransitio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>); am<span class=\"_ _0\"></span>ounts e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to be payab<span class=\"_ _0\"></span>le by the Gro<span class=\"_ _0\"></span>up under re<span class=\"_ _0\"></span>sidual valu<span class=\"_ _0\"></span>e guarantees; th<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>e price of a purchas<span class=\"_ _0\"></span>e optio<span class=\"_ _0\"></span>n if the Group i<span class=\"_ _0\"></span>s reasona<span class=\"_ _0\"></span>bly cer<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n to exercise t<span class=\"_ _0\"></span>hat optio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>; p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s of pena<span class=\"_ _0\"></span>lties for te<span class=\"_ _0\"></span>rminating th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e, if the leas<span class=\"_ _0\"></span>e term ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he Group e<span class=\"_ _0\"></span>xercising that o<span class=\"_ _0\"></span>ption; and pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to be mad<span class=\"_ _0\"></span>e under rea<span class=\"_ _0\"></span>sonabl<span class=\"_ _0\"></span>y cer<span class=\"_ _0\"></span>tain ex<span class=\"_ _0\"></span>tensi<span class=\"_ _0\"></span>on opti<span class=\"_ _0\"></span>ons. Le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>ilities an<span class=\"_ _0\"></span>d the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding right of us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et are subs<span class=\"_ _0\"></span>equentl<span class=\"_ _0\"></span>y remeasu<span class=\"_ _0\"></span>red whe<span class=\"_ _0\"></span>re there is a chang<span class=\"_ _0\"></span>e in future le<span class=\"_ _0\"></span>ase pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s resulting fr<span class=\"_ _0\"></span>om a rent revi<span class=\"_ _0\"></span>ew or chang<span class=\"_ _0\"></span>e in index o<span class=\"_ _0\"></span>r rate.<span class=\"_ _2cb\"> </span>The l<span class=\"_ _0\"></span>ease p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s are disco<span class=\"_ _0\"></span>unted using th<span class=\"_ _0\"></span>e Group\u2019s increment<span class=\"_ _0\"></span>al bor<span class=\"_ _0\"></span>rowing rate. Eac<span class=\"_ _0\"></span>h lease p<span class=\"_ _0\"></span>ayment is a<span class=\"_ _0\"></span>lloca<span class=\"_ _0\"></span>ted bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the prin<span class=\"_ _0\"></span>cipal and finan<span class=\"_ _0\"></span>ce cost. T<span class=\"_ _0\"></span>he finance co<span class=\"_ _0\"></span>st is charg<span class=\"_ _0\"></span>ed to the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement ove<span class=\"_ _0\"></span>r the leas<span class=\"_ _0\"></span>e peri<span class=\"_ _0\"></span>od so as to p<span class=\"_ _0\"></span>roduce a cons<span class=\"_ _0\"></span>tant p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>ic rate of interes<span class=\"_ _0\"></span>t on the rem<span class=\"_ _0\"></span>aining balan<span class=\"_ _0\"></span>ce of the leas<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>y for ea<span class=\"_ _0\"></span>ch peri<span class=\"_ _0\"></span>od.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "10. Intan<span class=\"_ _0\"></span>gible ass<span class=\"_ _0\"></span>ets<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll arising on t<span class=\"_ _0\"></span>he acquisit<span class=\"_ _0\"></span>ion of busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s is allo<span class=\"_ _0\"></span>cated, at a<span class=\"_ _0\"></span>cquisitio<span class=\"_ _0\"></span>n, to the cash<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gene<span class=\"_ _0\"></span>rating unit<span class=\"_ _0\"></span>s (\u2018C<span class=\"_ _2\"></span>GUs\u2019<span class=\"_ _0\"></span>) that are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to benefit from tha<span class=\"_ _1\"></span>t business combination.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any accu<span class=\"_ _0\"></span>mulated impa<span class=\"_ _0\"></span>irment lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. Go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but i<span class=\"_ _0\"></span>s tested a<span class=\"_ _0\"></span>nnually for imp<span class=\"_ _0\"></span>airment. Any imp<span class=\"_ _0\"></span>airment pro<span class=\"_ _0\"></span>visions t<span class=\"_ _0\"></span>hat arose d<span class=\"_ _0\"></span>uring impa<span class=\"_ _0\"></span>irment tes<span class=\"_ _0\"></span>ting woul<span class=\"_ _0\"></span>d not be reve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>In res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t of acquis<span class=\"_ _0\"></span>itions pr<span class=\"_ _0\"></span>ior to 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 200<span class=\"_ _0\"></span>4, go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is includ<span class=\"_ _0\"></span>ed on the b<span class=\"_ _0\"></span>asis of it<span class=\"_ _0\"></span>s dee<span class=\"_ _0\"></span>med cos<span class=\"_ _0\"></span>t, whi<span class=\"_ _0\"></span>ch repres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he net amount re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d previo<span class=\"_ _0\"></span>usly und<span class=\"_ _0\"></span>er UK GA<span class=\"_ _6\"></span>AP<span class=\"_ _2\"></span>. I<span class=\"_ _0\"></span>n respe<span class=\"_ _0\"></span>ct of a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>ons that have occur<span class=\"_ _0\"></span>red since 1 O<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>04, g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will rep<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>s the dif<span class=\"_ _0\"></span>ference b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he cost of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion and th<span class=\"_ _0\"></span>e fair value of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>nd continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es acquire<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is teste<span class=\"_ _0\"></span>d annually for imp<span class=\"_ _0\"></span>airment by re<span class=\"_ _0\"></span>ference to the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d future cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s of the relev<span class=\"_ _0\"></span>ant C<span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>U, discounted to th<span class=\"_ _0\"></span>eir pres<span class=\"_ _0\"></span>ent value using r<span class=\"_ _0\"></span>isk<span class=\"_ _1\"></span>-a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d discount fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s to give it<span class=\"_ _0\"></span>s value in use. A CGU is the smalles<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>ntifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t group that g<span class=\"_ _0\"></span>enerates cash f<span class=\"_ _0\"></span>lows t<span class=\"_ _0\"></span>hat are large<span class=\"_ _0\"></span>ly inde<span class=\"_ _0\"></span>pende<span class=\"_ _0\"></span>nt from other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and gro<span class=\"_ _0\"></span>ups.<span class=\"_ _2cb\"> </span>Imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>f the car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing amount of t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>GU to whic<span class=\"_ _0\"></span>h good<span class=\"_ _0\"></span>will has b<span class=\"_ _0\"></span>een all<span class=\"_ _0\"></span>ocate<span class=\"_ _0\"></span>d exceed<span class=\"_ _0\"></span>s its re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e value (the hi<span class=\"_ _0\"></span>gher of value i<span class=\"_ _0\"></span>n use and fair valu<span class=\"_ _0\"></span>e less co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s to sell) a<span class=\"_ _0\"></span>nd are recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span>Other intangible assets<span class=\"_ _2cb\"> </span>Ot<span class=\"_ _0\"></span>her intang<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are st<span class=\"_ _0\"></span>ated at cos<span class=\"_ _0\"></span>t les<span class=\"_ _0\"></span>s accumulated am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion and any prov<span class=\"_ _0\"></span>isions for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent. The co<span class=\"_ _0\"></span>st of an inter<span class=\"_ _0\"></span>nally gene<span class=\"_ _0\"></span>rated intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s all direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>utabl<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s nece<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y to create, produce, and p<span class=\"_ _0\"></span>repare the a<span class=\"_ _0\"></span>sset to b<span class=\"_ _0\"></span>e capa<span class=\"_ _0\"></span>ble of ope<span class=\"_ _0\"></span>rating in the ma<span class=\"_ _0\"></span>nner intend<span class=\"_ _0\"></span>ed by manag<span class=\"_ _0\"></span>ement. T<span class=\"_ _0\"></span>he cost of int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets acq<span class=\"_ _0\"></span>uired in a mater<span class=\"_ _0\"></span>ial busines<span class=\"_ _0\"></span>s combina<span class=\"_ _0\"></span>tion is th<span class=\"_ _0\"></span>e fair value as at t<span class=\"_ _0\"></span>he date of acqui<span class=\"_ _0\"></span>sition. O<span class=\"_ _0\"></span>ther int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are a<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>sed for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent only w<span class=\"_ _0\"></span>hen there i<span class=\"_ _0\"></span>s an indica<span class=\"_ _0\"></span>tion that t<span class=\"_ _0\"></span>hey might be imp<span class=\"_ _0\"></span>aired. T<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated use<span class=\"_ _0\"></span>ful econo<span class=\"_ _0\"></span>mic life and am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisati<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od are rev<span class=\"_ _0\"></span>iewed at t<span class=\"_ _0\"></span>he end of eac<span class=\"_ _0\"></span>h repor<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, with th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any changes in e<span class=\"_ _0\"></span>stimate b<span class=\"_ _0\"></span>eing accounte<span class=\"_ _0\"></span>d for on a pros<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive b<span class=\"_ _0\"></span>asis.<span class=\"_ _2cb\"> </span>Inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s not yet re<span class=\"_ _0\"></span>ady for us<span class=\"_ _0\"></span>e are not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but a<span class=\"_ _0\"></span>re subjec<span class=\"_ _0\"></span>t to annual im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt review<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Amortisation<span class=\"_ _2cb\"> </span>Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on is charge<span class=\"_ _0\"></span>d to sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>es in the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt over the es<span class=\"_ _0\"></span>timated us<span class=\"_ _0\"></span>eful eco<span class=\"_ _0\"></span>nomic lives<span class=\"_ _1\"></span> as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _2cb\"> </span>Computer sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware   <span class=\"_ _124\"> </span>3\u20137 years s<span class=\"_ _0\"></span>traight line<span class=\"_ _2cb\"> </span>C<span class=\"_ _1\"></span>ustomer relationships <span class=\"_ _e9\"> </span>10<span class=\"_ _1\"></span> years sy<span class=\"_ _0\"></span>stematic<span class=\"_ _2cb\"> </span>Brand nam<span class=\"_ _0\"></span>e <span class=\"_ _42\"> </span> <span class=\"_ _124\"> </span>5 years s<span class=\"_ _0\"></span>yste<span class=\"_ _0\"></span>matic<span class=\"_ _2cb\"> </span>Know-<span class=\"_ _0\"></span>how <span class=\"_ _d3\"> </span> <span class=\"_ _13a\"> </span>1<span class=\"_ _1\"></span>0 years s<span class=\"_ _0\"></span>traight<span class=\"_ _1\"></span> line<span class=\"_ _2cb\"> </span>Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on on as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s classi<span class=\"_ _0\"></span>fied as in t<span class=\"_ _0\"></span>he cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion comm<span class=\"_ _0\"></span>ences w<span class=\"_ _0\"></span>hen the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y for their inte<span class=\"_ _0\"></span>nded us<span class=\"_ _0\"></span>e, the point at whic<span class=\"_ _0\"></span>h they are re<span class=\"_ _0\"></span>classif<span class=\"_ _0\"></span>ied from a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in cour<span class=\"_ _0\"></span>se of cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tion, o<span class=\"_ _0\"></span>n the sa<span class=\"_ _0\"></span>me basis as ot<span class=\"_ _0\"></span>her as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of that clas<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts in<span class=\"_ _2cb\"> </span>Computer<span class=\"_ _7b\"> </span><span class=\"ls19d wsde\">Cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er<span class=\"_ _1b3\"> </span><span class=\"ls6 ws0\">cour<span class=\"_ _0\"></span>se of<span class=\"_ _2cb\"> </span></span></span>Goodwill<span class=\"_ _1\"></span> <span class=\"_ _69\"> </span><span class=\"ls6 ws0\">s<span class=\"_ _0\"></span>oft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e <span class=\"_ _6e\"> </span><span class=\"lsb3 wsaa\">relat<span class=\"_ _0\"></span>ionships<span class=\"_ _6c\"> </span><span class=\"ls9a ws8f\">Brand name<span class=\"_ _6d\"> </span>Kn<span class=\"_ _0\"></span>ow-how<span class=\"_ _54\"> </span><span class=\"lsd9 wsd3\">c<span class=\"_ _1\"></span>onstruc<span class=\"_ _0\"></span>tion <span class=\"_ _25\"> </span><span class=\"ls77 ws18e\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></span></span></span></span></span>\u00a3m <span class=\"_ _10d\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _36\"> </span></span> \u00a3m <span class=\"_ _b7\"> </span> \u00a3m <span class=\"_ _36\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _10b\"> </span></span>\u00a3m <span class=\"_ _36\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Cost<span class=\"_ _1f1\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> </span>At 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _1f6\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _ad\"> </span><span class=\"ls6c ws68\">18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.2<span class=\"_ _b7\"> </span></span></span></span></span></span>0.8<span class=\"_ _8b\"> </span><span class=\"ls7e ws76\">39.0<span class=\"_ _2cb\"> </span></span>Additions<span class=\"_ _1fd\"> </span><span class=\"ls6 ws0\">\u2014 <span class=\"_ _d3\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _90\"> </span></span>\u2014 <span class=\"_ _db\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _db\"> </span></span>0.2<span class=\"_ _2cb\"> </span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _1fe\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _d3\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _25\"> </span><span class=\"ls9 ws7\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _8b\"> </span><span class=\"ls29 ws26\">(2.<span class=\"_ _0\"></span>6)<span class=\"_ _2cb\"> </span></span></span></span>Reclassi<span class=\"_ _0\"></span>fication<span class=\"_ _1ff\"> </span><span class=\"ls6 ws0\">\u2014 <span class=\"_ _d3\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _90\"> </span></span>\u2014 <span class=\"_ _db\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1)<span class=\"_ _10d\"> </span></span>\u2014 </span>At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _200\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _45\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span>.7<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.2<span class=\"_ _10b\"> </span></span></span></span></span></span>\u2014<span class=\"_ _8a\"> </span>36.6<span class=\"_ _2cb\"> </span>Additions<span class=\"_ _1fd\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>Reclassi<span class=\"_ _0\"></span>fication<span class=\"_ _1ff\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _102\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></span>At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _201\"> </span><span class=\"fc3 lsfa wsf4\">1<span class=\"_ _1\"></span>4.3<span class=\"_ _42\"> </span><span class=\"lsf wsd\">16.<span class=\"_ _0\"></span>9<span class=\"_ _b7\"> </span><span class=\"ls7f ws70\">1.7<span class=\"_ _b7\"> </span><span class=\"ls6d wsc6\">0.7<span class=\"_ _106\"> </span><span class=\"ls12d ws125\">3.2<span class=\"_ _10b\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _184\"> </span><span class=\"ls87 ws7d\">36.8<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></span>Accumulated amor<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion<span class=\"_ _2e\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _163\"> </span> </span>At 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _131\"> </span>\u2014<span class=\"_ _11a\"> </span><span class=\"lse3 wsdd\">11<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span></span></span></span>0.3<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _8a\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span>Amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation charge<span class=\"_ _202\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.3<span class=\"_ _10b\"> </span></span>\u2014 <span class=\"_ _13a\"> </span>\u2014 <span class=\"_ _25\"> </span>0.3<span class=\"_ _10b\"> </span>\u2014 <span class=\"_ _102\"> </span><span class=\"ls29 ws26\">2.6<span class=\"_ _2cb\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _1fe\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span><span class=\"ls7d ws100\">(<span class=\"_ _0\"></span>0.4)<span class=\"_ _124\"> </span></span>\u2014 <span class=\"_ _db\"> </span>\u2014 <span class=\"_ _124\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014 <span class=\"_ _8b\"> </span><span class=\"ls7d ws100\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _2cb\"> </span></span></span>At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _1f7\"> </span>\u2014<span class=\"_ _8b\"> </span><span class=\"lse2 wsdc\">13<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>4<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span></span></span></span>0.6<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _8b\"> </span><span class=\"ls15 ws13\">1<span class=\"_ _1\"></span>6.4<span class=\"_ _2cb\"> </span></span>Amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation charge<span class=\"_ _202\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _b7\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _6\"></span>3<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _106\"> </span>0.4<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span></span>At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _1eb\"> </span><span class=\"fc3\">\u2014<span class=\"_ _8a\"> </span><span class=\"lsd wsb\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _b7\"> </span><span class=\"ls7f ws70\">1.7<span class=\"_ _b7\"> </span><span class=\"ls6d wsc6\">0.7<span class=\"_ _b7\"> </span></span>1.0<span class=\"_ _10b\"> </span></span></span>\u2014<span class=\"_ _ad\"> </span><span class=\"lscd wse4\">1<span class=\"_ _0\"></span>8<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span>Carr<span class=\"_ _0\"></span>ying amounts<span class=\"_ _131\"> </span><span class=\"fc3 ls6 ws0\"> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> </span>At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _201\"> </span><span class=\"fc3 lsfa wsf4\">1<span class=\"_ _1\"></span>4.3<span class=\"_ _109\"> </span>2.2<span class=\"_ _62\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _186\"> </span></span>2.2<span class=\"_ _c5\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _8b\"> </span><span class=\"ls10 wse\">18.7<span class=\"_ _2cb\"> </span></span></span></span>At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _200\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.<span class=\"_ _0\"></span>3<span class=\"_ _62\"> </span></span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.6<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _8a\"> </span><span class=\"ls6a ws66\">20.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>At 30 Septe<span class=\"_ _0\"></span>mber 2021<span class=\"_ _200\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span><span class=\"ls15 ws13\">6.8<span class=\"_ _62\"> </span></span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.9<span class=\"_ _b7\"> </span></span>0.8<span class=\"_ _8b\"> </span><span class=\"ls4e ws4a\">24<span class=\"_ _0\"></span>.8<span class=\"_ _2cb\"> </span></span>Computer sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware is an inter<span class=\"_ _0\"></span>nally ge<span class=\"_ _0\"></span>nerated int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>. The avera<span class=\"_ _0\"></span>ge remainin<span class=\"_ _0\"></span>g useful life is t<span class=\"_ _0\"></span>wo year<span class=\"_ _0\"></span>s (F<span class=\"_ _0\"></span>Y 2022: three year<span class=\"_ _0\"></span>s).<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has kno<span class=\"_ _0\"></span>w-<span class=\"_ _0\"></span>how in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of the hybr<span class=\"_ _0\"></span>id overm<span class=\"_ _0\"></span>oulding te<span class=\"_ _0\"></span>chnolo<span class=\"_ _0\"></span>gy for bracket<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he remaining us<span class=\"_ _0\"></span>eful life of th<span class=\"_ _0\"></span>e know-<span class=\"_ _0\"></span>how is seven y<span class=\"_ _0\"></span>ears (F<span class=\"_ _0\"></span>Y 2022: eight yea<span class=\"_ _0\"></span>rs). Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll recognis<span class=\"_ _0\"></span>ed is as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed for imp<span class=\"_ _0\"></span>airme<span class=\"_ _0\"></span>nt against di<span class=\"_ _0\"></span>scounted futu<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>-tax<span class=\"_ _0\"></span>ation c<span class=\"_ _0\"></span>ash flow p<span class=\"_ _0\"></span>rojec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns for the rel<span class=\"_ _0\"></span>evant C<span class=\"_ _1\"></span>GU (value in use m<span class=\"_ _0\"></span>odel<span class=\"_ _0\"></span>). Managem<span class=\"_ _0\"></span>ent has prep<span class=\"_ _0\"></span>ared cas<span class=\"_ _0\"></span>h flow proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tions for a f<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>-year p<span class=\"_ _0\"></span>eriod d<span class=\"_ _0\"></span>erive<span class=\"_ _0\"></span>d from the bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s\u2019 2<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>month fore<span class=\"_ _0\"></span>cast a<span class=\"_ _0\"></span>nd the fi<span class=\"_ _0\"></span>ve-<span class=\"_ _0\"></span>year st<span class=\"_ _0\"></span>rategy. Thes<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s are the s<span class=\"_ _0\"></span>ame one<span class=\"_ _0\"></span>s used for b<span class=\"_ _0\"></span>oth the go<span class=\"_ _0\"></span>ing concer<span class=\"_ _0\"></span>n and viab<span class=\"_ _0\"></span>ility r<span class=\"_ _0\"></span>eview<span class=\"_ _0\"></span>s. Fur<span class=\"_ _0\"></span>ther d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>s are include<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>es 39 to 4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>hese fo<span class=\"_ _0\"></span>recas<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>clude as<span class=\"_ _0\"></span>sumptio<span class=\"_ _0\"></span>ns around vol<span class=\"_ _0\"></span>umes and s<span class=\"_ _0\"></span>ales p<span class=\"_ _0\"></span>rices, co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s of manufac<span class=\"_ _0\"></span>ture, operat<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s, wor<span class=\"_ _0\"></span>king cap<span class=\"_ _0\"></span>ital mo<span class=\"_ _0\"></span>vement<span class=\"_ _0\"></span>s and cap<span class=\"_ _0\"></span>ital e<span class=\"_ _0\"></span>xpen<span class=\"_ _0\"></span>diture. In me<span class=\"_ _0\"></span>asuring the<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sumptions<span class=\"_ _0\"></span>, the Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s have taken into accou<span class=\"_ _0\"></span>nt: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted de<span class=\"_ _0\"></span>mand in the mar<span class=\"_ _0\"></span>kets and g<span class=\"_ _0\"></span>eogra<span class=\"_ _0\"></span>phies w<span class=\"_ _0\"></span>ithin whi<span class=\"_ _0\"></span>ch the Group o<span class=\"_ _0\"></span>perate<span class=\"_ _0\"></span>s, including in<span class=\"_ _0\"></span>dustr<span class=\"_ _0\"></span>y tre<span class=\"_ _0\"></span>nds and ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l market forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>ope<span class=\"_ _0\"></span>rating profi<span class=\"_ _0\"></span>ts, b<span class=\"_ _0\"></span>ased on h<span class=\"_ _0\"></span>istoric<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>ence of ope<span class=\"_ _0\"></span>rating margins in<span class=\"_ _0\"></span>cluding chang<span class=\"_ _0\"></span>es to the pr<span class=\"_ _0\"></span>ice of raw materia<span class=\"_ _0\"></span>l and utilit<span class=\"_ _0\"></span>y cos<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d produc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n volumes;<span class=\"_ _0\"></span>  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the timi<span class=\"_ _0\"></span>ng and cost o<span class=\"_ _0\"></span>f major ca<span class=\"_ _0\"></span>pital p<span class=\"_ _0\"></span>rojec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s;  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>cash co<span class=\"_ _0\"></span>nversi<span class=\"_ _0\"></span>on, base<span class=\"_ _0\"></span>d on histor<span class=\"_ _0\"></span>ical rate<span class=\"_ _0\"></span>s; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>f climate change (s<span class=\"_ _0\"></span>ee be<span class=\"_ _0\"></span>low).<span class=\"_ _2cb\"> </span>Impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f clim<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span>The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e on the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of goo<span class=\"_ _0\"></span>dwill ha<span class=\"_ _0\"></span>s been co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d. The ma<span class=\"_ _0\"></span>jorit<span class=\"_ _0\"></span>y of the g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will relate<span class=\"_ _0\"></span>s to the acqu<span class=\"_ _0\"></span>isition of t<span class=\"_ _0\"></span>he mono<span class=\"_ _0\"></span>mer supp<span class=\"_ _0\"></span>ly chain. A<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th all manufac<span class=\"_ _0\"></span>turing are<span class=\"_ _0\"></span>as the mo<span class=\"_ _0\"></span>nomer su<span class=\"_ _0\"></span>pply chai<span class=\"_ _0\"></span>n is being as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed for it<span class=\"_ _0\"></span>s impac<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e path to Ne<span class=\"_ _0\"></span>t Zero wit<span class=\"_ _0\"></span>h the potent<span class=\"_ _0\"></span>ial for dec<span class=\"_ _0\"></span>arbo<span class=\"_ _0\"></span>nising and re<span class=\"_ _0\"></span>ducing water us<span class=\"_ _0\"></span>age an<span class=\"_ _0\"></span>d waste. T<span class=\"_ _0\"></span>he impac<span class=\"_ _0\"></span>t of this on t<span class=\"_ _0\"></span>he proces<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is not yet kn<span class=\"_ _0\"></span>own, but cu<span class=\"_ _0\"></span>rrent forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d for the consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n of impair<span class=\"_ _0\"></span>ment, s<span class=\"_ _0\"></span>ee bel<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>, und<span class=\"_ _0\"></span>erpin t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing value at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023. This p<span class=\"_ _0\"></span>ositio<span class=\"_ _0\"></span>n will continu<span class=\"_ _0\"></span>e to be monito<span class=\"_ _0\"></span>red as the appro<span class=\"_ _0\"></span>ach to de<span class=\"_ _0\"></span>carb<span class=\"_ _0\"></span>onisat<span class=\"_ _0\"></span>ion of the m<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>er supply c<span class=\"_ _0\"></span>hain is devel<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>d to suppor<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Group\u2019s path to Net Z<span class=\"_ _0\"></span>ero.<span class=\"_ _2cb\"> </span>Climate change w<span class=\"_ _0\"></span>ill potentiall<span class=\"_ _0\"></span>y impac<span class=\"_ _0\"></span>t the fu<span class=\"_ _0\"></span>ture foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s of the Group w<span class=\"_ _0\"></span>hich are us<span class=\"_ _0\"></span>ed for the afo<span class=\"_ _0\"></span>rementi<span class=\"_ _0\"></span>oned imp<span class=\"_ _0\"></span>airment revi<span class=\"_ _0\"></span>ew<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he overall imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the revenu<span class=\"_ _0\"></span>e of the Group i<span class=\"_ _0\"></span>s asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d as posi<span class=\"_ _0\"></span>tive, with t<span class=\"_ _0\"></span>he major<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he grow<span class=\"_ _0\"></span>th pro<span class=\"_ _0\"></span>gramme<span class=\"_ _0\"></span>s suppo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing carb<span class=\"_ _0\"></span>on redu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on in end mar<span class=\"_ _0\"></span>kets, whi<span class=\"_ _0\"></span>ch will mo<span class=\"_ _0\"></span>re than of<span class=\"_ _0\"></span>fset t<span class=\"_ _0\"></span>he adver<span class=\"_ _0\"></span>se imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t from reduc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons anticip<span class=\"_ _0\"></span>ated to be see<span class=\"_ _0\"></span>n, for examp<span class=\"_ _0\"></span>le, in Oil &amp; Gas an<span class=\"_ _0\"></span>d internal comb<span class=\"_ _0\"></span>ustio<span class=\"_ _0\"></span>n engine re<span class=\"_ _0\"></span>lated app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>ons. Th<span class=\"_ _0\"></span>e primar<span class=\"_ _0\"></span>y ad<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to be se<span class=\"_ _0\"></span>en in car<span class=\"_ _0\"></span>bon pr<span class=\"_ _0\"></span>icing and th<span class=\"_ _0\"></span>e cost of using g<span class=\"_ _0\"></span>reener e<span class=\"_ _0\"></span>nergy s<span class=\"_ _0\"></span>ources. To reflec<span class=\"_ _0\"></span>t this in t<span class=\"_ _0\"></span>he impair<span class=\"_ _0\"></span>ment revi<span class=\"_ _0\"></span>ew an amou<span class=\"_ _0\"></span>nt of \u00a320m p<span class=\"_ _0\"></span>er annum (gro<span class=\"_ _0\"></span>wing by inflat<span class=\"_ _0\"></span>ion) from 2025 has been inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _0\"></span>he scenari<span class=\"_ _0\"></span>os use<span class=\"_ _0\"></span>d for the sen<span class=\"_ _0\"></span>sitivi<span class=\"_ _0\"></span>ty ana<span class=\"_ _0\"></span>lysis suppo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing the imp<span class=\"_ _0\"></span>airment re<span class=\"_ _0\"></span>view. Furt<span class=\"_ _0\"></span>her det<span class=\"_ _0\"></span>ail of this is inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _0\"></span>he Sust<span class=\"_ _0\"></span>ainabilit<span class=\"_ _0\"></span>y rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t star<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g on page 42.<span class=\"_ _2cb\"> </span>The s<span class=\"_ _0\"></span>ensiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y analy<span class=\"_ _0\"></span>sis per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed as par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e viabili<span class=\"_ _0\"></span>ty as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment on t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>GUs of the Gr<span class=\"_ _0\"></span>oup dem<span class=\"_ _0\"></span>onstrate<span class=\"_ _0\"></span>d a suff<span class=\"_ _0\"></span>icient le<span class=\"_ _0\"></span>vel of head<span class=\"_ _0\"></span>room as noted below; theref<span class=\"_ _1\"></span>ore, no specific adju<span class=\"_ _1\"></span>stm<span class=\"_ _0\"></span>ents or impairmen<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>s hav<span class=\"_ _1\"></span>e been made.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has t<span class=\"_ _0\"></span>wo C<span class=\"_ _1\"></span>GUs, Sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>ble So<span class=\"_ _0\"></span>lutions (for<span class=\"_ _0\"></span>merly I<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial) and M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al, which a<span class=\"_ _0\"></span>re the smalle<span class=\"_ _0\"></span>st id<span class=\"_ _0\"></span>entifiab<span class=\"_ _0\"></span>le inde<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent groups of ass<span class=\"_ _0\"></span>ets t<span class=\"_ _0\"></span>hat gene<span class=\"_ _0\"></span>rate cash infl<span class=\"_ _0\"></span>ows that ar<span class=\"_ _0\"></span>e largel<span class=\"_ _0\"></span>y indep<span class=\"_ _0\"></span>endent of t<span class=\"_ _0\"></span>he cash infl<span class=\"_ _0\"></span>ows fro<span class=\"_ _0\"></span>m other as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s or group<span class=\"_ _0\"></span>s of asse<span class=\"_ _0\"></span>ts. W<span class=\"_ _0\"></span>here as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and cost<span class=\"_ _0\"></span>s are share<span class=\"_ _0\"></span>d bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the t<span class=\"_ _0\"></span>wo C<span class=\"_ _1\"></span>GUs a reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e appor<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onment of th<span class=\"_ _0\"></span>ese are ma<span class=\"_ _0\"></span>de for the p<span class=\"_ _0\"></span>urpos<span class=\"_ _0\"></span>e of the imp<span class=\"_ _0\"></span>airment c<span class=\"_ _0\"></span>alculati<span class=\"_ _0\"></span>on.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is split be<span class=\"_ _0\"></span>tw<span class=\"_ _0\"></span>een the t<span class=\"_ _0\"></span>wo C<span class=\"_ _1\"></span>GU<span class=\"_ _0\"></span>s: Sustaina<span class=\"_ _0\"></span>ble So<span class=\"_ _0\"></span>lutions \u00a31<span class=\"_ _1\"></span>2.8m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _2\"></span>2.8<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>) an<span class=\"_ _0\"></span>d Medi<span class=\"_ _0\"></span>cal \u00a31<span class=\"_ _2\"></span>.5m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2:<span class=\"_ _6\"></span> \u00a31.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>The g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will and ot<span class=\"_ _0\"></span>her intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s that relate to th<span class=\"_ _0\"></span>e Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>olutio<span class=\"_ _0\"></span>ns C<span class=\"_ _1\"></span>GU includ<span class=\"_ _0\"></span>e Klei<span class=\"_ _0\"></span>ss Gear<span class=\"_ _0\"></span>s Inc., Zyex L<span class=\"_ _0\"></span>imited an<span class=\"_ _0\"></span>d T<span class=\"_ _1\"></span>xV whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en fully integ<span class=\"_ _0\"></span>rated. Th<span class=\"_ _0\"></span>ese busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es are emp<span class=\"_ _0\"></span>loyed to ge<span class=\"_ _0\"></span>nerate revenu<span class=\"_ _0\"></span>e acros<span class=\"_ _0\"></span>s all Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>olutio<span class=\"_ _0\"></span>ns geo<span class=\"_ _0\"></span>graphie<span class=\"_ _0\"></span>s and market<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>The l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-term averag<span class=\"_ _0\"></span>e grow<span class=\"_ _0\"></span>th rate use<span class=\"_ _0\"></span>d was 2.0% (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: 2.0%<span class=\"_ _1\"></span>) which re<span class=\"_ _0\"></span>flec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the lon<span class=\"_ _0\"></span>g-ter<span class=\"_ _0\"></span>m inflatio<span class=\"_ _0\"></span>n rates in the main te<span class=\"_ _0\"></span>rritori<span class=\"_ _0\"></span>es with<span class=\"_ _0\"></span>in which th<span class=\"_ _0\"></span>e Group op<span class=\"_ _0\"></span>erates and t<span class=\"_ _0\"></span>he risk-adjuste<span class=\"_ _0\"></span>d pre<span class=\"_ _0\"></span>-tax d<span class=\"_ _0\"></span>iscount rate was 10.<span class=\"_ _1\"></span>7% (F<span class=\"_ _0\"></span>Y 2022: 9<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span>). The im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt test re<span class=\"_ _0\"></span>sults in more th<span class=\"_ _0\"></span>an 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% headro<span class=\"_ _0\"></span>om in the ba<span class=\"_ _0\"></span>se scenar<span class=\"_ _0\"></span>io (F<span class=\"_ _0\"></span>Y 2022: more than 100% hea<span class=\"_ _0\"></span>droom). In addi<span class=\"_ _0\"></span>tion a numb<span class=\"_ _0\"></span>er of sen<span class=\"_ _0\"></span>sitivi<span class=\"_ _0\"></span>ties have b<span class=\"_ _0\"></span>een per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed includ<span class=\"_ _0\"></span>ing increasin<span class=\"_ _0\"></span>g the disco<span class=\"_ _0\"></span>unt rate by 20%<span class=\"_ _1\"></span>, rem<span class=\"_ _0\"></span>oving b<span class=\"_ _0\"></span>oth the grow<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>hrough the s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>y peri<span class=\"_ _0\"></span>od and the te<span class=\"_ _0\"></span>rminal grow<span class=\"_ _0\"></span>th rate and the a<span class=\"_ _0\"></span>forementi<span class=\"_ _0\"></span>oned p<span class=\"_ _0\"></span>otential impa<span class=\"_ _0\"></span>ct of cl<span class=\"_ _0\"></span>imate change, wi<span class=\"_ _0\"></span>th the resul<span class=\"_ _0\"></span>ts ind<span class=\"_ _0\"></span>icating t<span class=\"_ _0\"></span>hat a reaso<span class=\"_ _0\"></span>nably po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e change in key assum<span class=\"_ _0\"></span>ptions wo<span class=\"_ _0\"></span>uld not resul<span class=\"_ _0\"></span>t in an impairm<span class=\"_ _0\"></span>ent of go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill or other int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>Research &amp;<span class=\"_ _1\"></span> Devel<span class=\"_ _1\"></span>opment<span class=\"_ _2cb\"> </span>Ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture on res<span class=\"_ _0\"></span>earch ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span>, under<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken with the pro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct of ga<span class=\"_ _0\"></span>ining new sc<span class=\"_ _0\"></span>ientifi<span class=\"_ _0\"></span>c or technic<span class=\"_ _0\"></span>al know<span class=\"_ _0\"></span>ledg<span class=\"_ _0\"></span>e and und<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>tanding<span class=\"_ _0\"></span>, is reco<span class=\"_ _0\"></span>gnised w<span class=\"_ _0\"></span>ithin the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt as an exp<span class=\"_ _0\"></span>ense as i<span class=\"_ _0\"></span>ncurred.<span class=\"_ _2cb\"> </span>Devel<span class=\"_ _0\"></span>opme<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>enditure is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense as incu<span class=\"_ _0\"></span>rred unle<span class=\"_ _0\"></span>ss it me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s all the cri<span class=\"_ _0\"></span>teria to be cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed unde<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 38 \u2013 Int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding technic<span class=\"_ _0\"></span>al feasib<span class=\"_ _0\"></span>ility of co<span class=\"_ _0\"></span>mplet<span class=\"_ _0\"></span>ing the as<span class=\"_ _0\"></span>set, intent<span class=\"_ _0\"></span>ion to compl<span class=\"_ _0\"></span>ete, probab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of future e<span class=\"_ _0\"></span>conomic b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts, t<span class=\"_ _0\"></span>he availabili<span class=\"_ _0\"></span>ty of re<span class=\"_ _0\"></span>sources to com<span class=\"_ _0\"></span>plete and t<span class=\"_ _0\"></span>he abilit<span class=\"_ _0\"></span>y to relia<span class=\"_ _0\"></span>bly mea<span class=\"_ _0\"></span>sure exp<span class=\"_ _0\"></span>enditure at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>buted to the<span class=\"_ gs1\"> </span>development.<span class=\"_ _2cb\"> </span>Res<span class=\"_ _0\"></span>earch &amp; Deve<span class=\"_ _0\"></span>lopme<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>enditure of \u00a31<span class=\"_ _1\"></span>8.6m (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _2\"></span>5.7<span class=\"_ _1\"></span>m) was ex<span class=\"_ _0\"></span>pense<span class=\"_ _0\"></span>d to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement in the y<span class=\"_ _0\"></span>ear within s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d adminis<span class=\"_ _0\"></span>trative ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>es. N<span class=\"_ _0\"></span>o devel<span class=\"_ _0\"></span>opment e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditure was c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alised (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a3nil) a<span class=\"_ _0\"></span>s the Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s consid<span class=\"_ _0\"></span>er there is insuf<span class=\"_ _0\"></span>ficie<span class=\"_ _0\"></span>nt evide<span class=\"_ _0\"></span>nce availabl<span class=\"_ _0\"></span>e that the cri<span class=\"_ _0\"></span>teria have be<span class=\"_ _0\"></span>en met for t<span class=\"_ _0\"></span>he reaso<span class=\"_ _0\"></span>ns noted be<span class=\"_ _0\"></span>low.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has the inte<span class=\"_ _0\"></span>ntion and re<span class=\"_ _0\"></span>sources to co<span class=\"_ _0\"></span>mplete th<span class=\"_ _0\"></span>e proje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s bein<span class=\"_ _0\"></span>g under<span class=\"_ _0\"></span>taken, al<span class=\"_ _0\"></span>ong wit<span class=\"_ _0\"></span>h the abilit<span class=\"_ _0\"></span>y to accurate<span class=\"_ _0\"></span>ly measur<span class=\"_ _0\"></span>e at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able e<span class=\"_ _0\"></span>xpen<span class=\"_ _0\"></span>diture. The<span class=\"_ _0\"></span>refore whils<span class=\"_ _0\"></span>t thes<span class=\"_ _0\"></span>e criteria a<span class=\"_ _0\"></span>re met, th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of the techni<span class=\"_ _0\"></span>cal feasib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y and future e<span class=\"_ _0\"></span>conomic b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts is more difficult.<span class=\"_ _2cb\"> </span>For M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed deve<span class=\"_ _0\"></span>lopme<span class=\"_ _0\"></span>nt projec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s there are s<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>t regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y approva<span class=\"_ _0\"></span>ls which are re<span class=\"_ _0\"></span>quired to b<span class=\"_ _0\"></span>e obtain<span class=\"_ _0\"></span>ed before a n<span class=\"_ _0\"></span>ew produ<span class=\"_ _0\"></span>ct can b<span class=\"_ _0\"></span>e brought to market. P<span class=\"_ _0\"></span>rior to th<span class=\"_ _0\"></span>ese ap<span class=\"_ _0\"></span>provals a var<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g degre<span class=\"_ _0\"></span>e of clinica<span class=\"_ _0\"></span>l trials ne<span class=\"_ _0\"></span>ed to be und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>taken, many of whi<span class=\"_ _0\"></span>ch are multi<span class=\"_ _0\"></span>-year in leng<span class=\"_ _0\"></span>th. The va<span class=\"_ _0\"></span>st majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of devel<span class=\"_ _0\"></span>opment e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditure is incu<span class=\"_ _0\"></span>rred up to the p<span class=\"_ _0\"></span>oint of regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y approva<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>; ho<span class=\"_ _0\"></span>wever<span class=\"_ _1\"></span>, the o<span class=\"_ _0\"></span>utcome ca<span class=\"_ _0\"></span>nnot be consi<span class=\"_ _0\"></span>dered p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>e until appro<span class=\"_ _0\"></span>val is obt<span class=\"_ _0\"></span>ained. W<span class=\"_ _0\"></span>ithou<span class=\"_ _0\"></span>t approval t<span class=\"_ _0\"></span>he Group or it<span class=\"_ _0\"></span>s cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s cannot s<span class=\"_ _0\"></span>ell a med<span class=\"_ _0\"></span>ical pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t. Even wit<span class=\"_ _0\"></span>h regulato<span class=\"_ _0\"></span>ry a<span class=\"_ _0\"></span>pproval, mar<span class=\"_ _0\"></span>ket adopti<span class=\"_ _0\"></span>on remains unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ain and th<span class=\"_ _0\"></span>erefore the c<span class=\"_ _0\"></span>riteria for c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alisati<span class=\"_ _0\"></span>on is rarely m<span class=\"_ _0\"></span>et.<span class=\"_ _2cb\"> </span>Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>oluti<span class=\"_ _0\"></span>ons-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d devel<span class=\"_ _0\"></span>opment p<span class=\"_ _0\"></span>rojec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>picall<span class=\"_ _0\"></span>y do not have th<span class=\"_ _0\"></span>e same s<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>t regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y approva<span class=\"_ _0\"></span>ls; however<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>ey are ofte<span class=\"_ _0\"></span>n subje<span class=\"_ _0\"></span>ct to ri<span class=\"_ _0\"></span>gorous qu<span class=\"_ _0\"></span>alific<span class=\"_ _0\"></span>ation and te<span class=\"_ _0\"></span>sting p<span class=\"_ _0\"></span>rogramme<span class=\"_ _0\"></span>s, of<span class=\"_ _0\"></span>ten over a sust<span class=\"_ _0\"></span>ained p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of time. E<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>es of this inclu<span class=\"_ _0\"></span>de wear te<span class=\"_ _0\"></span>sting with<span class=\"_ _0\"></span>in Automoti<span class=\"_ _0\"></span>ve, Aerospa<span class=\"_ _0\"></span>ce and Energy &amp; I<span class=\"_ _0\"></span>ndus<span class=\"_ _0\"></span>trial. Potenti<span class=\"_ _0\"></span>al custom<span class=\"_ _0\"></span>ers are a<span class=\"_ _0\"></span>lso of<span class=\"_ _0\"></span>ten test<span class=\"_ _0\"></span>ing multipl<span class=\"_ _0\"></span>e solut<span class=\"_ _0\"></span>ions at the s<span class=\"_ _0\"></span>ame tim<span class=\"_ _0\"></span>e with a vie<span class=\"_ _0\"></span>w to sele<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g one follow<span class=\"_ _0\"></span>ing the tes<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>/qualif<span class=\"_ _0\"></span>icatio<span class=\"_ _0\"></span>n program<span class=\"_ _0\"></span>me. As a re<span class=\"_ _0\"></span>sult it is onl<span class=\"_ _0\"></span>y when a succe<span class=\"_ _0\"></span>ssfu<span class=\"_ _0\"></span>l outcome to the te<span class=\"_ _0\"></span>sting<span class=\"_ _0\"></span>/<span class=\"_ _2cb\"> </span>qualifi<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n programm<span class=\"_ _0\"></span>es is achi<span class=\"_ _0\"></span>eved that te<span class=\"_ _0\"></span>chnical fe<span class=\"_ _0\"></span>asibilit<span class=\"_ _0\"></span>y is reac<span class=\"_ _0\"></span>hed and mar<span class=\"_ _0\"></span>ket adopti<span class=\"_ _0\"></span>on beco<span class=\"_ _0\"></span>mes th<span class=\"_ _0\"></span>e key asses<span class=\"_ _0\"></span>sment. At this p<span class=\"_ _0\"></span>oint, whils<span class=\"_ _0\"></span>t market ado<span class=\"_ _0\"></span>ption ri<span class=\"_ _0\"></span>sk remains, th<span class=\"_ _0\"></span>e vast maj<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y of deve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>ent exp<span class=\"_ _0\"></span>enditure ha<span class=\"_ _0\"></span>s been in<span class=\"_ _0\"></span>curred and e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nsed.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "10. Intan<span class=\"_ _0\"></span>gible ass<span class=\"_ _0\"></span>ets<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll arising on t<span class=\"_ _0\"></span>he acquisit<span class=\"_ _0\"></span>ion of busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s is allo<span class=\"_ _0\"></span>cated, at a<span class=\"_ _0\"></span>cquisitio<span class=\"_ _0\"></span>n, to the cash<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gene<span class=\"_ _0\"></span>rating unit<span class=\"_ _0\"></span>s (\u2018C<span class=\"_ _2\"></span>GUs\u2019<span class=\"_ _0\"></span>) that are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to benefit from tha<span class=\"_ _1\"></span>t business combination.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any accu<span class=\"_ _0\"></span>mulated impa<span class=\"_ _0\"></span>irment lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. Go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but i<span class=\"_ _0\"></span>s tested a<span class=\"_ _0\"></span>nnually for imp<span class=\"_ _0\"></span>airment. Any imp<span class=\"_ _0\"></span>airment pro<span class=\"_ _0\"></span>visions t<span class=\"_ _0\"></span>hat arose d<span class=\"_ _0\"></span>uring impa<span class=\"_ _0\"></span>irment tes<span class=\"_ _0\"></span>ting woul<span class=\"_ _0\"></span>d not be reve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>In res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t of acquis<span class=\"_ _0\"></span>itions pr<span class=\"_ _0\"></span>ior to 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 200<span class=\"_ _0\"></span>4, go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is includ<span class=\"_ _0\"></span>ed on the b<span class=\"_ _0\"></span>asis of it<span class=\"_ _0\"></span>s dee<span class=\"_ _0\"></span>med cos<span class=\"_ _0\"></span>t, whi<span class=\"_ _0\"></span>ch repres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he net amount re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d previo<span class=\"_ _0\"></span>usly und<span class=\"_ _0\"></span>er UK GA<span class=\"_ _6\"></span>AP<span class=\"_ _2\"></span>. I<span class=\"_ _0\"></span>n respe<span class=\"_ _0\"></span>ct of a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>ons that have occur<span class=\"_ _0\"></span>red since 1 O<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>04, g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will rep<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>s the dif<span class=\"_ _0\"></span>ference b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he cost of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion and th<span class=\"_ _0\"></span>e fair value of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>nd continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es acquire<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is teste<span class=\"_ _0\"></span>d annually for imp<span class=\"_ _0\"></span>airment by re<span class=\"_ _0\"></span>ference to the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d future cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s of the relev<span class=\"_ _0\"></span>ant C<span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>U, discounted to th<span class=\"_ _0\"></span>eir pres<span class=\"_ _0\"></span>ent value using r<span class=\"_ _0\"></span>isk<span class=\"_ _1\"></span>-a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d discount fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s to give it<span class=\"_ _0\"></span>s value in use. A CGU is the smalles<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>ntifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t group that g<span class=\"_ _0\"></span>enerates cash f<span class=\"_ _0\"></span>lows t<span class=\"_ _0\"></span>hat are large<span class=\"_ _0\"></span>ly inde<span class=\"_ _0\"></span>pende<span class=\"_ _0\"></span>nt from other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and gro<span class=\"_ _0\"></span>ups.<span class=\"_ _2cb\"> </span>Imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>f the car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing amount of t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>GU to whic<span class=\"_ _0\"></span>h good<span class=\"_ _0\"></span>will has b<span class=\"_ _0\"></span>een all<span class=\"_ _0\"></span>ocate<span class=\"_ _0\"></span>d exceed<span class=\"_ _0\"></span>s its re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e value (the hi<span class=\"_ _0\"></span>gher of value i<span class=\"_ _0\"></span>n use and fair valu<span class=\"_ _0\"></span>e less co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s to sell) a<span class=\"_ _0\"></span>nd are recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span>Other intangible assets<span class=\"_ _2cb\"> </span>Ot<span class=\"_ _0\"></span>her intang<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are st<span class=\"_ _0\"></span>ated at cos<span class=\"_ _0\"></span>t les<span class=\"_ _0\"></span>s accumulated am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion and any prov<span class=\"_ _0\"></span>isions for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent. The co<span class=\"_ _0\"></span>st of an inter<span class=\"_ _0\"></span>nally gene<span class=\"_ _0\"></span>rated intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s all direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>utabl<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s nece<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y to create, produce, and p<span class=\"_ _0\"></span>repare the a<span class=\"_ _0\"></span>sset to b<span class=\"_ _0\"></span>e capa<span class=\"_ _0\"></span>ble of ope<span class=\"_ _0\"></span>rating in the ma<span class=\"_ _0\"></span>nner intend<span class=\"_ _0\"></span>ed by manag<span class=\"_ _0\"></span>ement. T<span class=\"_ _0\"></span>he cost of int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets acq<span class=\"_ _0\"></span>uired in a mater<span class=\"_ _0\"></span>ial busines<span class=\"_ _0\"></span>s combina<span class=\"_ _0\"></span>tion is th<span class=\"_ _0\"></span>e fair value as at t<span class=\"_ _0\"></span>he date of acqui<span class=\"_ _0\"></span>sition. O<span class=\"_ _0\"></span>ther int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are a<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>sed for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent only w<span class=\"_ _0\"></span>hen there i<span class=\"_ _0\"></span>s an indica<span class=\"_ _0\"></span>tion that t<span class=\"_ _0\"></span>hey might be imp<span class=\"_ _0\"></span>aired. T<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated use<span class=\"_ _0\"></span>ful econo<span class=\"_ _0\"></span>mic life and am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisati<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od are rev<span class=\"_ _0\"></span>iewed at t<span class=\"_ _0\"></span>he end of eac<span class=\"_ _0\"></span>h repor<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, with th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any changes in e<span class=\"_ _0\"></span>stimate b<span class=\"_ _0\"></span>eing accounte<span class=\"_ _0\"></span>d for on a pros<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive b<span class=\"_ _0\"></span>asis.<span class=\"_ _2cb\"> </span>Inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s not yet re<span class=\"_ _0\"></span>ady for us<span class=\"_ _0\"></span>e are not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but a<span class=\"_ _0\"></span>re subjec<span class=\"_ _0\"></span>t to annual im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt review<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Amortisation<span class=\"_ _2cb\"> </span>Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on is charge<span class=\"_ _0\"></span>d to sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>es in the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt over the es<span class=\"_ _0\"></span>timated us<span class=\"_ _0\"></span>eful eco<span class=\"_ _0\"></span>nomic lives<span class=\"_ _1\"></span> as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _2cb\"> </span>Computer sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware   <span class=\"_ _124\"> </span>3\u20137 years s<span class=\"_ _0\"></span>traight line<span class=\"_ _2cb\"> </span>C<span class=\"_ _1\"></span>ustomer relationships <span class=\"_ _e9\"> </span>10<span class=\"_ _1\"></span> years sy<span class=\"_ _0\"></span>stematic<span class=\"_ _2cb\"> </span>Brand nam<span class=\"_ _0\"></span>e <span class=\"_ _42\"> </span> <span class=\"_ _124\"> </span>5 years s<span class=\"_ _0\"></span>yste<span class=\"_ _0\"></span>matic<span class=\"_ _2cb\"> </span>Know-<span class=\"_ _0\"></span>how <span class=\"_ _d3\"> </span> <span class=\"_ _13a\"> </span>1<span class=\"_ _1\"></span>0 years s<span class=\"_ _0\"></span>traight<span class=\"_ _1\"></span> line<span class=\"_ _2cb\"> </span>Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on on as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s classi<span class=\"_ _0\"></span>fied as in t<span class=\"_ _0\"></span>he cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion comm<span class=\"_ _0\"></span>ences w<span class=\"_ _0\"></span>hen the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y for their inte<span class=\"_ _0\"></span>nded us<span class=\"_ _0\"></span>e, the point at whic<span class=\"_ _0\"></span>h they are re<span class=\"_ _0\"></span>classif<span class=\"_ _0\"></span>ied from a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in cour<span class=\"_ _0\"></span>se of cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tion, o<span class=\"_ _0\"></span>n the sa<span class=\"_ _0\"></span>me basis as ot<span class=\"_ _0\"></span>her as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of that clas<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts in<span class=\"_ _2cb\"> </span>Computer<span class=\"_ _7b\"> </span><span class=\"ls19d wsde\">Cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er<span class=\"_ _1b3\"> </span><span class=\"ls6 ws0\">cour<span class=\"_ _0\"></span>se of<span class=\"_ _2cb\"> </span></span></span>Goodwill<span class=\"_ _1\"></span> <span class=\"_ _69\"> </span><span class=\"ls6 ws0\">s<span class=\"_ _0\"></span>oft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e <span class=\"_ _6e\"> </span><span class=\"lsb3 wsaa\">relat<span class=\"_ _0\"></span>ionships<span class=\"_ _6c\"> </span><span class=\"ls9a ws8f\">Brand name<span class=\"_ _6d\"> </span>Kn<span class=\"_ _0\"></span>ow-how<span class=\"_ _54\"> </span><span class=\"lsd9 wsd3\">c<span class=\"_ _1\"></span>onstruc<span class=\"_ _0\"></span>tion <span class=\"_ _25\"> </span><span class=\"ls77 ws18e\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></span></span></span></span></span>\u00a3m <span class=\"_ _10d\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _36\"> </span></span> \u00a3m <span class=\"_ _b7\"> </span> \u00a3m <span class=\"_ _36\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _10b\"> </span></span>\u00a3m <span class=\"_ _36\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Cost<span class=\"_ _1f1\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> </span>At 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _1f6\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _ad\"> </span><span class=\"ls6c ws68\">18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.2<span class=\"_ _b7\"> </span></span></span></span></span></span>0.8<span class=\"_ _8b\"> </span><span class=\"ls7e ws76\">39.0<span class=\"_ _2cb\"> </span></span>Additions<span class=\"_ _1fd\"> </span><span class=\"ls6 ws0\">\u2014 <span class=\"_ _d3\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _90\"> </span></span>\u2014 <span class=\"_ _db\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _db\"> </span></span>0.2<span class=\"_ _2cb\"> </span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _1fe\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _d3\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _25\"> </span><span class=\"ls9 ws7\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _8b\"> </span><span class=\"ls29 ws26\">(2.<span class=\"_ _0\"></span>6)<span class=\"_ _2cb\"> </span></span></span></span>Reclassi<span class=\"_ _0\"></span>fication<span class=\"_ _1ff\"> </span><span class=\"ls6 ws0\">\u2014 <span class=\"_ _d3\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _90\"> </span></span>\u2014 <span class=\"_ _db\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1)<span class=\"_ _10d\"> </span></span>\u2014 </span>At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _200\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _45\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span>.7<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.2<span class=\"_ _10b\"> </span></span></span></span></span></span>\u2014<span class=\"_ _8a\"> </span>36.6<span class=\"_ _2cb\"> </span>Additions<span class=\"_ _1fd\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>Reclassi<span class=\"_ _0\"></span>fication<span class=\"_ _1ff\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _102\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></span>At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _201\"> </span><span class=\"fc3 lsfa wsf4\">1<span class=\"_ _1\"></span>4.3<span class=\"_ _42\"> </span><span class=\"lsf wsd\">16.<span class=\"_ _0\"></span>9<span class=\"_ _b7\"> </span><span class=\"ls7f ws70\">1.7<span class=\"_ _b7\"> </span><span class=\"ls6d wsc6\">0.7<span class=\"_ _106\"> </span><span class=\"ls12d ws125\">3.2<span class=\"_ _10b\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _184\"> </span><span class=\"ls87 ws7d\">36.8<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></span>Accumulated amor<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion<span class=\"_ _2e\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _163\"> </span> </span>At 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _131\"> </span>\u2014<span class=\"_ _11a\"> </span><span class=\"lse3 wsdd\">11<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span></span></span></span>0.3<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _8a\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span>Amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation charge<span class=\"_ _202\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.3<span class=\"_ _10b\"> </span></span>\u2014 <span class=\"_ _13a\"> </span>\u2014 <span class=\"_ _25\"> </span>0.3<span class=\"_ _10b\"> </span>\u2014 <span class=\"_ _102\"> </span><span class=\"ls29 ws26\">2.6<span class=\"_ _2cb\"> </span></span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _1fe\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span><span class=\"ls7d ws100\">(<span class=\"_ _0\"></span>0.4)<span class=\"_ _124\"> </span></span>\u2014 <span class=\"_ _db\"> </span>\u2014 <span class=\"_ _124\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014 <span class=\"_ _8b\"> </span><span class=\"ls7d ws100\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _2cb\"> </span></span></span>At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _1f7\"> </span>\u2014<span class=\"_ _8b\"> </span><span class=\"lse2 wsdc\">13<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>4<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span></span></span></span>0.6<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _8b\"> </span><span class=\"ls15 ws13\">1<span class=\"_ _1\"></span>6.4<span class=\"_ _2cb\"> </span></span>Amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation charge<span class=\"_ _202\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _b7\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _6\"></span>3<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _106\"> </span>0.4<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span></span>At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _1eb\"> </span><span class=\"fc3\">\u2014<span class=\"_ _8a\"> </span><span class=\"lsd wsb\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _b7\"> </span><span class=\"ls7f ws70\">1.7<span class=\"_ _b7\"> </span><span class=\"ls6d wsc6\">0.7<span class=\"_ _b7\"> </span></span>1.0<span class=\"_ _10b\"> </span></span></span>\u2014<span class=\"_ _ad\"> </span><span class=\"lscd wse4\">1<span class=\"_ _0\"></span>8<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span>Carr<span class=\"_ _0\"></span>ying amounts<span class=\"_ _131\"> </span><span class=\"fc3 ls6 ws0\"> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> </span>At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _201\"> </span><span class=\"fc3 lsfa wsf4\">1<span class=\"_ _1\"></span>4.3<span class=\"_ _109\"> </span>2.2<span class=\"_ _62\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _186\"> </span></span>2.2<span class=\"_ _c5\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _8b\"> </span><span class=\"ls10 wse\">18.7<span class=\"_ _2cb\"> </span></span></span></span>At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _200\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.<span class=\"_ _0\"></span>3<span class=\"_ _62\"> </span></span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.6<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _8a\"> </span><span class=\"ls6a ws66\">20.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>At 30 Septe<span class=\"_ _0\"></span>mber 2021<span class=\"_ _200\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span><span class=\"ls15 ws13\">6.8<span class=\"_ _62\"> </span></span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.9<span class=\"_ _b7\"> </span></span>0.8<span class=\"_ _8b\"> </span><span class=\"ls4e ws4a\">24<span class=\"_ _0\"></span>.8<span class=\"_ _2cb\"> </span></span>Computer sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware is an inter<span class=\"_ _0\"></span>nally ge<span class=\"_ _0\"></span>nerated int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>. The avera<span class=\"_ _0\"></span>ge remainin<span class=\"_ _0\"></span>g useful life is t<span class=\"_ _0\"></span>wo year<span class=\"_ _0\"></span>s (F<span class=\"_ _0\"></span>Y 2022: three year<span class=\"_ _0\"></span>s).<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has kno<span class=\"_ _0\"></span>w-<span class=\"_ _0\"></span>how in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of the hybr<span class=\"_ _0\"></span>id overm<span class=\"_ _0\"></span>oulding te<span class=\"_ _0\"></span>chnolo<span class=\"_ _0\"></span>gy for bracket<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he remaining us<span class=\"_ _0\"></span>eful life of th<span class=\"_ _0\"></span>e know-<span class=\"_ _0\"></span>how is seven y<span class=\"_ _0\"></span>ears (F<span class=\"_ _0\"></span>Y 2022: eight yea<span class=\"_ _0\"></span>rs). Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll recognis<span class=\"_ _0\"></span>ed is as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed for imp<span class=\"_ _0\"></span>airme<span class=\"_ _0\"></span>nt against di<span class=\"_ _0\"></span>scounted futu<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>-tax<span class=\"_ _0\"></span>ation c<span class=\"_ _0\"></span>ash flow p<span class=\"_ _0\"></span>rojec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns for the rel<span class=\"_ _0\"></span>evant C<span class=\"_ _1\"></span>GU (value in use m<span class=\"_ _0\"></span>odel<span class=\"_ _0\"></span>). Managem<span class=\"_ _0\"></span>ent has prep<span class=\"_ _0\"></span>ared cas<span class=\"_ _0\"></span>h flow proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tions for a f<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>-year p<span class=\"_ _0\"></span>eriod d<span class=\"_ _0\"></span>erive<span class=\"_ _0\"></span>d from the bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s\u2019 2<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>month fore<span class=\"_ _0\"></span>cast a<span class=\"_ _0\"></span>nd the fi<span class=\"_ _0\"></span>ve-<span class=\"_ _0\"></span>year st<span class=\"_ _0\"></span>rategy. Thes<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s are the s<span class=\"_ _0\"></span>ame one<span class=\"_ _0\"></span>s used for b<span class=\"_ _0\"></span>oth the go<span class=\"_ _0\"></span>ing concer<span class=\"_ _0\"></span>n and viab<span class=\"_ _0\"></span>ility r<span class=\"_ _0\"></span>eview<span class=\"_ _0\"></span>s. Fur<span class=\"_ _0\"></span>ther d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>s are include<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>es 39 to 4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>hese fo<span class=\"_ _0\"></span>recas<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>clude as<span class=\"_ _0\"></span>sumptio<span class=\"_ _0\"></span>ns around vol<span class=\"_ _0\"></span>umes and s<span class=\"_ _0\"></span>ales p<span class=\"_ _0\"></span>rices, co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s of manufac<span class=\"_ _0\"></span>ture, operat<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s, wor<span class=\"_ _0\"></span>king cap<span class=\"_ _0\"></span>ital mo<span class=\"_ _0\"></span>vement<span class=\"_ _0\"></span>s and cap<span class=\"_ _0\"></span>ital e<span class=\"_ _0\"></span>xpen<span class=\"_ _0\"></span>diture. In me<span class=\"_ _0\"></span>asuring the<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sumptions<span class=\"_ _0\"></span>, the Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s have taken into accou<span class=\"_ _0\"></span>nt: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted de<span class=\"_ _0\"></span>mand in the mar<span class=\"_ _0\"></span>kets and g<span class=\"_ _0\"></span>eogra<span class=\"_ _0\"></span>phies w<span class=\"_ _0\"></span>ithin whi<span class=\"_ _0\"></span>ch the Group o<span class=\"_ _0\"></span>perate<span class=\"_ _0\"></span>s, including in<span class=\"_ _0\"></span>dustr<span class=\"_ _0\"></span>y tre<span class=\"_ _0\"></span>nds and ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l market forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>ope<span class=\"_ _0\"></span>rating profi<span class=\"_ _0\"></span>ts, b<span class=\"_ _0\"></span>ased on h<span class=\"_ _0\"></span>istoric<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>ence of ope<span class=\"_ _0\"></span>rating margins in<span class=\"_ _0\"></span>cluding chang<span class=\"_ _0\"></span>es to the pr<span class=\"_ _0\"></span>ice of raw materia<span class=\"_ _0\"></span>l and utilit<span class=\"_ _0\"></span>y cos<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d produc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n volumes;<span class=\"_ _0\"></span>  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the timi<span class=\"_ _0\"></span>ng and cost o<span class=\"_ _0\"></span>f major ca<span class=\"_ _0\"></span>pital p<span class=\"_ _0\"></span>rojec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s;  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>cash co<span class=\"_ _0\"></span>nversi<span class=\"_ _0\"></span>on, base<span class=\"_ _0\"></span>d on histor<span class=\"_ _0\"></span>ical rate<span class=\"_ _0\"></span>s; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>f climate change (s<span class=\"_ _0\"></span>ee be<span class=\"_ _0\"></span>low).<span class=\"_ _2cb\"> </span>Impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f clim<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span>The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e on the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of goo<span class=\"_ _0\"></span>dwill ha<span class=\"_ _0\"></span>s been co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d. The ma<span class=\"_ _0\"></span>jorit<span class=\"_ _0\"></span>y of the g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will relate<span class=\"_ _0\"></span>s to the acqu<span class=\"_ _0\"></span>isition of t<span class=\"_ _0\"></span>he mono<span class=\"_ _0\"></span>mer supp<span class=\"_ _0\"></span>ly chain. A<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th all manufac<span class=\"_ _0\"></span>turing are<span class=\"_ _0\"></span>as the mo<span class=\"_ _0\"></span>nomer su<span class=\"_ _0\"></span>pply chai<span class=\"_ _0\"></span>n is being as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed for it<span class=\"_ _0\"></span>s impac<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e path to Ne<span class=\"_ _0\"></span>t Zero wit<span class=\"_ _0\"></span>h the potent<span class=\"_ _0\"></span>ial for dec<span class=\"_ _0\"></span>arbo<span class=\"_ _0\"></span>nising and re<span class=\"_ _0\"></span>ducing water us<span class=\"_ _0\"></span>age an<span class=\"_ _0\"></span>d waste. T<span class=\"_ _0\"></span>he impac<span class=\"_ _0\"></span>t of this on t<span class=\"_ _0\"></span>he proces<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is not yet kn<span class=\"_ _0\"></span>own, but cu<span class=\"_ _0\"></span>rrent forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d for the consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n of impair<span class=\"_ _0\"></span>ment, s<span class=\"_ _0\"></span>ee bel<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>, und<span class=\"_ _0\"></span>erpin t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing value at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023. This p<span class=\"_ _0\"></span>ositio<span class=\"_ _0\"></span>n will continu<span class=\"_ _0\"></span>e to be monito<span class=\"_ _0\"></span>red as the appro<span class=\"_ _0\"></span>ach to de<span class=\"_ _0\"></span>carb<span class=\"_ _0\"></span>onisat<span class=\"_ _0\"></span>ion of the m<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>er supply c<span class=\"_ _0\"></span>hain is devel<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>d to suppor<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Group\u2019s path to Net Z<span class=\"_ _0\"></span>ero.<span class=\"_ _2cb\"> </span>Climate change w<span class=\"_ _0\"></span>ill potentiall<span class=\"_ _0\"></span>y impac<span class=\"_ _0\"></span>t the fu<span class=\"_ _0\"></span>ture foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s of the Group w<span class=\"_ _0\"></span>hich are us<span class=\"_ _0\"></span>ed for the afo<span class=\"_ _0\"></span>rementi<span class=\"_ _0\"></span>oned imp<span class=\"_ _0\"></span>airment revi<span class=\"_ _0\"></span>ew<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he overall imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the revenu<span class=\"_ _0\"></span>e of the Group i<span class=\"_ _0\"></span>s asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d as posi<span class=\"_ _0\"></span>tive, with t<span class=\"_ _0\"></span>he major<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he grow<span class=\"_ _0\"></span>th pro<span class=\"_ _0\"></span>gramme<span class=\"_ _0\"></span>s suppo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing carb<span class=\"_ _0\"></span>on redu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on in end mar<span class=\"_ _0\"></span>kets, whi<span class=\"_ _0\"></span>ch will mo<span class=\"_ _0\"></span>re than of<span class=\"_ _0\"></span>fset t<span class=\"_ _0\"></span>he adver<span class=\"_ _0\"></span>se imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t from reduc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons anticip<span class=\"_ _0\"></span>ated to be see<span class=\"_ _0\"></span>n, for examp<span class=\"_ _0\"></span>le, in Oil &amp; Gas an<span class=\"_ _0\"></span>d internal comb<span class=\"_ _0\"></span>ustio<span class=\"_ _0\"></span>n engine re<span class=\"_ _0\"></span>lated app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>ons. Th<span class=\"_ _0\"></span>e primar<span class=\"_ _0\"></span>y ad<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to be se<span class=\"_ _0\"></span>en in car<span class=\"_ _0\"></span>bon pr<span class=\"_ _0\"></span>icing and th<span class=\"_ _0\"></span>e cost of using g<span class=\"_ _0\"></span>reener e<span class=\"_ _0\"></span>nergy s<span class=\"_ _0\"></span>ources. To reflec<span class=\"_ _0\"></span>t this in t<span class=\"_ _0\"></span>he impair<span class=\"_ _0\"></span>ment revi<span class=\"_ _0\"></span>ew an amou<span class=\"_ _0\"></span>nt of \u00a320m p<span class=\"_ _0\"></span>er annum (gro<span class=\"_ _0\"></span>wing by inflat<span class=\"_ _0\"></span>ion) from 2025 has been inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _0\"></span>he scenari<span class=\"_ _0\"></span>os use<span class=\"_ _0\"></span>d for the sen<span class=\"_ _0\"></span>sitivi<span class=\"_ _0\"></span>ty ana<span class=\"_ _0\"></span>lysis suppo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing the imp<span class=\"_ _0\"></span>airment re<span class=\"_ _0\"></span>view. Furt<span class=\"_ _0\"></span>her det<span class=\"_ _0\"></span>ail of this is inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _0\"></span>he Sust<span class=\"_ _0\"></span>ainabilit<span class=\"_ _0\"></span>y rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t star<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g on page 42.<span class=\"_ _2cb\"> </span>The s<span class=\"_ _0\"></span>ensiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y analy<span class=\"_ _0\"></span>sis per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed as par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e viabili<span class=\"_ _0\"></span>ty as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment on t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>GUs of the Gr<span class=\"_ _0\"></span>oup dem<span class=\"_ _0\"></span>onstrate<span class=\"_ _0\"></span>d a suff<span class=\"_ _0\"></span>icient le<span class=\"_ _0\"></span>vel of head<span class=\"_ _0\"></span>room as noted below; theref<span class=\"_ _1\"></span>ore, no specific adju<span class=\"_ _1\"></span>stm<span class=\"_ _0\"></span>ents or impairmen<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>s hav<span class=\"_ _1\"></span>e been made.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has t<span class=\"_ _0\"></span>wo C<span class=\"_ _1\"></span>GUs, Sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>ble So<span class=\"_ _0\"></span>lutions (for<span class=\"_ _0\"></span>merly I<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial) and M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al, which a<span class=\"_ _0\"></span>re the smalle<span class=\"_ _0\"></span>st id<span class=\"_ _0\"></span>entifiab<span class=\"_ _0\"></span>le inde<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent groups of ass<span class=\"_ _0\"></span>ets t<span class=\"_ _0\"></span>hat gene<span class=\"_ _0\"></span>rate cash infl<span class=\"_ _0\"></span>ows that ar<span class=\"_ _0\"></span>e largel<span class=\"_ _0\"></span>y indep<span class=\"_ _0\"></span>endent of t<span class=\"_ _0\"></span>he cash infl<span class=\"_ _0\"></span>ows fro<span class=\"_ _0\"></span>m other as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s or group<span class=\"_ _0\"></span>s of asse<span class=\"_ _0\"></span>ts. W<span class=\"_ _0\"></span>here as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and cost<span class=\"_ _0\"></span>s are share<span class=\"_ _0\"></span>d bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the t<span class=\"_ _0\"></span>wo C<span class=\"_ _1\"></span>GUs a reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e appor<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onment of th<span class=\"_ _0\"></span>ese are ma<span class=\"_ _0\"></span>de for the p<span class=\"_ _0\"></span>urpos<span class=\"_ _0\"></span>e of the imp<span class=\"_ _0\"></span>airment c<span class=\"_ _0\"></span>alculati<span class=\"_ _0\"></span>on.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is split be<span class=\"_ _0\"></span>tw<span class=\"_ _0\"></span>een the t<span class=\"_ _0\"></span>wo C<span class=\"_ _1\"></span>GU<span class=\"_ _0\"></span>s: Sustaina<span class=\"_ _0\"></span>ble So<span class=\"_ _0\"></span>lutions \u00a31<span class=\"_ _1\"></span>2.8m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _2\"></span>2.8<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>) an<span class=\"_ _0\"></span>d Medi<span class=\"_ _0\"></span>cal \u00a31<span class=\"_ _2\"></span>.5m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2:<span class=\"_ _6\"></span> \u00a31.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>The g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will and ot<span class=\"_ _0\"></span>her intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s that relate to th<span class=\"_ _0\"></span>e Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>olutio<span class=\"_ _0\"></span>ns C<span class=\"_ _1\"></span>GU includ<span class=\"_ _0\"></span>e Klei<span class=\"_ _0\"></span>ss Gear<span class=\"_ _0\"></span>s Inc., Zyex L<span class=\"_ _0\"></span>imited an<span class=\"_ _0\"></span>d T<span class=\"_ _1\"></span>xV whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en fully integ<span class=\"_ _0\"></span>rated. Th<span class=\"_ _0\"></span>ese busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es are emp<span class=\"_ _0\"></span>loyed to ge<span class=\"_ _0\"></span>nerate revenu<span class=\"_ _0\"></span>e acros<span class=\"_ _0\"></span>s all Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>olutio<span class=\"_ _0\"></span>ns geo<span class=\"_ _0\"></span>graphie<span class=\"_ _0\"></span>s and market<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>The l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-term averag<span class=\"_ _0\"></span>e grow<span class=\"_ _0\"></span>th rate use<span class=\"_ _0\"></span>d was 2.0% (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: 2.0%<span class=\"_ _1\"></span>) which re<span class=\"_ _0\"></span>flec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the lon<span class=\"_ _0\"></span>g-ter<span class=\"_ _0\"></span>m inflatio<span class=\"_ _0\"></span>n rates in the main te<span class=\"_ _0\"></span>rritori<span class=\"_ _0\"></span>es with<span class=\"_ _0\"></span>in which th<span class=\"_ _0\"></span>e Group op<span class=\"_ _0\"></span>erates and t<span class=\"_ _0\"></span>he risk-adjuste<span class=\"_ _0\"></span>d pre<span class=\"_ _0\"></span>-tax d<span class=\"_ _0\"></span>iscount rate was 10.<span class=\"_ _1\"></span>7% (F<span class=\"_ _0\"></span>Y 2022: 9<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span>). The im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt test re<span class=\"_ _0\"></span>sults in more th<span class=\"_ _0\"></span>an 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% headro<span class=\"_ _0\"></span>om in the ba<span class=\"_ _0\"></span>se scenar<span class=\"_ _0\"></span>io (F<span class=\"_ _0\"></span>Y 2022: more than 100% hea<span class=\"_ _0\"></span>droom). In addi<span class=\"_ _0\"></span>tion a numb<span class=\"_ _0\"></span>er of sen<span class=\"_ _0\"></span>sitivi<span class=\"_ _0\"></span>ties have b<span class=\"_ _0\"></span>een per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed includ<span class=\"_ _0\"></span>ing increasin<span class=\"_ _0\"></span>g the disco<span class=\"_ _0\"></span>unt rate by 20%<span class=\"_ _1\"></span>, rem<span class=\"_ _0\"></span>oving b<span class=\"_ _0\"></span>oth the grow<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>hrough the s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>y peri<span class=\"_ _0\"></span>od and the te<span class=\"_ _0\"></span>rminal grow<span class=\"_ _0\"></span>th rate and the a<span class=\"_ _0\"></span>forementi<span class=\"_ _0\"></span>oned p<span class=\"_ _0\"></span>otential impa<span class=\"_ _0\"></span>ct of cl<span class=\"_ _0\"></span>imate change, wi<span class=\"_ _0\"></span>th the resul<span class=\"_ _0\"></span>ts ind<span class=\"_ _0\"></span>icating t<span class=\"_ _0\"></span>hat a reaso<span class=\"_ _0\"></span>nably po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e change in key assum<span class=\"_ _0\"></span>ptions wo<span class=\"_ _0\"></span>uld not resul<span class=\"_ _0\"></span>t in an impairm<span class=\"_ _0\"></span>ent of go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill or other int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>Research &amp;<span class=\"_ _1\"></span> Devel<span class=\"_ _1\"></span>opment<span class=\"_ _2cb\"> </span>Ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture on res<span class=\"_ _0\"></span>earch ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span>, under<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken with the pro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct of ga<span class=\"_ _0\"></span>ining new sc<span class=\"_ _0\"></span>ientifi<span class=\"_ _0\"></span>c or technic<span class=\"_ _0\"></span>al know<span class=\"_ _0\"></span>ledg<span class=\"_ _0\"></span>e and und<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>tanding<span class=\"_ _0\"></span>, is reco<span class=\"_ _0\"></span>gnised w<span class=\"_ _0\"></span>ithin the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt as an exp<span class=\"_ _0\"></span>ense as i<span class=\"_ _0\"></span>ncurred.<span class=\"_ _2cb\"> </span>Devel<span class=\"_ _0\"></span>opme<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>enditure is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense as incu<span class=\"_ _0\"></span>rred unle<span class=\"_ _0\"></span>ss it me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s all the cri<span class=\"_ _0\"></span>teria to be cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed unde<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 38 \u2013 Int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding technic<span class=\"_ _0\"></span>al feasib<span class=\"_ _0\"></span>ility of co<span class=\"_ _0\"></span>mplet<span class=\"_ _0\"></span>ing the as<span class=\"_ _0\"></span>set, intent<span class=\"_ _0\"></span>ion to compl<span class=\"_ _0\"></span>ete, probab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of future e<span class=\"_ _0\"></span>conomic b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts, t<span class=\"_ _0\"></span>he availabili<span class=\"_ _0\"></span>ty of re<span class=\"_ _0\"></span>sources to com<span class=\"_ _0\"></span>plete and t<span class=\"_ _0\"></span>he abilit<span class=\"_ _0\"></span>y to relia<span class=\"_ _0\"></span>bly mea<span class=\"_ _0\"></span>sure exp<span class=\"_ _0\"></span>enditure at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>buted to the<span class=\"_ gs1\"> </span>development.<span class=\"_ _2cb\"> </span>Res<span class=\"_ _0\"></span>earch &amp; Deve<span class=\"_ _0\"></span>lopme<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>enditure of \u00a31<span class=\"_ _1\"></span>8.6m (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _2\"></span>5.7<span class=\"_ _1\"></span>m) was ex<span class=\"_ _0\"></span>pense<span class=\"_ _0\"></span>d to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement in the y<span class=\"_ _0\"></span>ear within s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d adminis<span class=\"_ _0\"></span>trative ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>es. N<span class=\"_ _0\"></span>o devel<span class=\"_ _0\"></span>opment e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditure was c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alised (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a3nil) a<span class=\"_ _0\"></span>s the Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s consid<span class=\"_ _0\"></span>er there is insuf<span class=\"_ _0\"></span>ficie<span class=\"_ _0\"></span>nt evide<span class=\"_ _0\"></span>nce availabl<span class=\"_ _0\"></span>e that the cri<span class=\"_ _0\"></span>teria have be<span class=\"_ _0\"></span>en met for t<span class=\"_ _0\"></span>he reaso<span class=\"_ _0\"></span>ns noted be<span class=\"_ _0\"></span>low.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has the inte<span class=\"_ _0\"></span>ntion and re<span class=\"_ _0\"></span>sources to co<span class=\"_ _0\"></span>mplete th<span class=\"_ _0\"></span>e proje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s bein<span class=\"_ _0\"></span>g under<span class=\"_ _0\"></span>taken, al<span class=\"_ _0\"></span>ong wit<span class=\"_ _0\"></span>h the abilit<span class=\"_ _0\"></span>y to accurate<span class=\"_ _0\"></span>ly measur<span class=\"_ _0\"></span>e at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able e<span class=\"_ _0\"></span>xpen<span class=\"_ _0\"></span>diture. The<span class=\"_ _0\"></span>refore whils<span class=\"_ _0\"></span>t thes<span class=\"_ _0\"></span>e criteria a<span class=\"_ _0\"></span>re met, th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of the techni<span class=\"_ _0\"></span>cal feasib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y and future e<span class=\"_ _0\"></span>conomic b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts is more difficult.<span class=\"_ _2cb\"> </span>For M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed deve<span class=\"_ _0\"></span>lopme<span class=\"_ _0\"></span>nt projec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s there are s<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>t regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y approva<span class=\"_ _0\"></span>ls which are re<span class=\"_ _0\"></span>quired to b<span class=\"_ _0\"></span>e obtain<span class=\"_ _0\"></span>ed before a n<span class=\"_ _0\"></span>ew produ<span class=\"_ _0\"></span>ct can b<span class=\"_ _0\"></span>e brought to market. P<span class=\"_ _0\"></span>rior to th<span class=\"_ _0\"></span>ese ap<span class=\"_ _0\"></span>provals a var<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g degre<span class=\"_ _0\"></span>e of clinica<span class=\"_ _0\"></span>l trials ne<span class=\"_ _0\"></span>ed to be und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>taken, many of whi<span class=\"_ _0\"></span>ch are multi<span class=\"_ _0\"></span>-year in leng<span class=\"_ _0\"></span>th. The va<span class=\"_ _0\"></span>st majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of devel<span class=\"_ _0\"></span>opment e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditure is incu<span class=\"_ _0\"></span>rred up to the p<span class=\"_ _0\"></span>oint of regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y approva<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>; ho<span class=\"_ _0\"></span>wever<span class=\"_ _1\"></span>, the o<span class=\"_ _0\"></span>utcome ca<span class=\"_ _0\"></span>nnot be consi<span class=\"_ _0\"></span>dered p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>e until appro<span class=\"_ _0\"></span>val is obt<span class=\"_ _0\"></span>ained. W<span class=\"_ _0\"></span>ithou<span class=\"_ _0\"></span>t approval t<span class=\"_ _0\"></span>he Group or it<span class=\"_ _0\"></span>s cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s cannot s<span class=\"_ _0\"></span>ell a med<span class=\"_ _0\"></span>ical pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t. Even wit<span class=\"_ _0\"></span>h regulato<span class=\"_ _0\"></span>ry a<span class=\"_ _0\"></span>pproval, mar<span class=\"_ _0\"></span>ket adopti<span class=\"_ _0\"></span>on remains unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ain and th<span class=\"_ _0\"></span>erefore the c<span class=\"_ _0\"></span>riteria for c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alisati<span class=\"_ _0\"></span>on is rarely m<span class=\"_ _0\"></span>et.<span class=\"_ _2cb\"> </span>Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>oluti<span class=\"_ _0\"></span>ons-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d devel<span class=\"_ _0\"></span>opment p<span class=\"_ _0\"></span>rojec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>picall<span class=\"_ _0\"></span>y do not have th<span class=\"_ _0\"></span>e same s<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>t regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y approva<span class=\"_ _0\"></span>ls; however<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>ey are ofte<span class=\"_ _0\"></span>n subje<span class=\"_ _0\"></span>ct to ri<span class=\"_ _0\"></span>gorous qu<span class=\"_ _0\"></span>alific<span class=\"_ _0\"></span>ation and te<span class=\"_ _0\"></span>sting p<span class=\"_ _0\"></span>rogramme<span class=\"_ _0\"></span>s, of<span class=\"_ _0\"></span>ten over a sust<span class=\"_ _0\"></span>ained p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of time. E<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>es of this inclu<span class=\"_ _0\"></span>de wear te<span class=\"_ _0\"></span>sting with<span class=\"_ _0\"></span>in Automoti<span class=\"_ _0\"></span>ve, Aerospa<span class=\"_ _0\"></span>ce and Energy &amp; I<span class=\"_ _0\"></span>ndus<span class=\"_ _0\"></span>trial. Potenti<span class=\"_ _0\"></span>al custom<span class=\"_ _0\"></span>ers are a<span class=\"_ _0\"></span>lso of<span class=\"_ _0\"></span>ten test<span class=\"_ _0\"></span>ing multipl<span class=\"_ _0\"></span>e solut<span class=\"_ _0\"></span>ions at the s<span class=\"_ _0\"></span>ame tim<span class=\"_ _0\"></span>e with a vie<span class=\"_ _0\"></span>w to sele<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g one follow<span class=\"_ _0\"></span>ing the tes<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>/qualif<span class=\"_ _0\"></span>icatio<span class=\"_ _0\"></span>n program<span class=\"_ _0\"></span>me. As a re<span class=\"_ _0\"></span>sult it is onl<span class=\"_ _0\"></span>y when a succe<span class=\"_ _0\"></span>ssfu<span class=\"_ _0\"></span>l outcome to the te<span class=\"_ _0\"></span>sting<span class=\"_ _0\"></span>/<span class=\"_ _2cb\"> </span>qualifi<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n programm<span class=\"_ _0\"></span>es is achi<span class=\"_ _0\"></span>eved that te<span class=\"_ _0\"></span>chnical fe<span class=\"_ _0\"></span>asibilit<span class=\"_ _0\"></span>y is reac<span class=\"_ _0\"></span>hed and mar<span class=\"_ _0\"></span>ket adopti<span class=\"_ _0\"></span>on beco<span class=\"_ _0\"></span>mes th<span class=\"_ _0\"></span>e key asses<span class=\"_ _0\"></span>sment. At this p<span class=\"_ _0\"></span>oint, whils<span class=\"_ _0\"></span>t market ado<span class=\"_ _0\"></span>ption ri<span class=\"_ _0\"></span>sk remains, th<span class=\"_ _0\"></span>e vast maj<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y of deve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>ent exp<span class=\"_ _0\"></span>enditure ha<span class=\"_ _0\"></span>s been in<span class=\"_ _0\"></span>curred and e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nsed.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "10. Intan<span class=\"_ _0\"></span>gible ass<span class=\"_ _0\"></span>ets<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll arising on t<span class=\"_ _0\"></span>he acquisit<span class=\"_ _0\"></span>ion of busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s is allo<span class=\"_ _0\"></span>cated, at a<span class=\"_ _0\"></span>cquisitio<span class=\"_ _0\"></span>n, to the cash<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gene<span class=\"_ _0\"></span>rating unit<span class=\"_ _0\"></span>s (\u2018C<span class=\"_ _2\"></span>GUs\u2019<span class=\"_ _0\"></span>) that are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to benefit from tha<span class=\"_ _1\"></span>t business combination.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any accu<span class=\"_ _0\"></span>mulated impa<span class=\"_ _0\"></span>irment lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. Go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but i<span class=\"_ _0\"></span>s tested a<span class=\"_ _0\"></span>nnually for imp<span class=\"_ _0\"></span>airment. Any imp<span class=\"_ _0\"></span>airment pro<span class=\"_ _0\"></span>visions t<span class=\"_ _0\"></span>hat arose d<span class=\"_ _0\"></span>uring impa<span class=\"_ _0\"></span>irment tes<span class=\"_ _0\"></span>ting woul<span class=\"_ _0\"></span>d not be reve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>In res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t of acquis<span class=\"_ _0\"></span>itions pr<span class=\"_ _0\"></span>ior to 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 200<span class=\"_ _0\"></span>4, go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is includ<span class=\"_ _0\"></span>ed on the b<span class=\"_ _0\"></span>asis of it<span class=\"_ _0\"></span>s dee<span class=\"_ _0\"></span>med cos<span class=\"_ _0\"></span>t, whi<span class=\"_ _0\"></span>ch repres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he net amount re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d previo<span class=\"_ _0\"></span>usly und<span class=\"_ _0\"></span>er UK GA<span class=\"_ _6\"></span>AP<span class=\"_ _2\"></span>. I<span class=\"_ _0\"></span>n respe<span class=\"_ _0\"></span>ct of a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>ons that have occur<span class=\"_ _0\"></span>red since 1 O<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>04, g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will rep<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>s the dif<span class=\"_ _0\"></span>ference b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he cost of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion and th<span class=\"_ _0\"></span>e fair value of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>nd continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es acquire<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is teste<span class=\"_ _0\"></span>d annually for imp<span class=\"_ _0\"></span>airment by re<span class=\"_ _0\"></span>ference to the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d future cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s of the relev<span class=\"_ _0\"></span>ant C<span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>U, discounted to th<span class=\"_ _0\"></span>eir pres<span class=\"_ _0\"></span>ent value using r<span class=\"_ _0\"></span>isk<span class=\"_ _1\"></span>-a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d discount fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s to give it<span class=\"_ _0\"></span>s value in use. A CGU is the smalles<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>ntifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t group that g<span class=\"_ _0\"></span>enerates cash f<span class=\"_ _0\"></span>lows t<span class=\"_ _0\"></span>hat are large<span class=\"_ _0\"></span>ly inde<span class=\"_ _0\"></span>pende<span class=\"_ _0\"></span>nt from other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and gro<span class=\"_ _0\"></span>ups.<span class=\"_ _2cb\"> </span>Imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>f the car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing amount of t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>GU to whic<span class=\"_ _0\"></span>h good<span class=\"_ _0\"></span>will has b<span class=\"_ _0\"></span>een all<span class=\"_ _0\"></span>ocate<span class=\"_ _0\"></span>d exceed<span class=\"_ _0\"></span>s its re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e value (the hi<span class=\"_ _0\"></span>gher of value i<span class=\"_ _0\"></span>n use and fair valu<span class=\"_ _0\"></span>e less co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s to sell) a<span class=\"_ _0\"></span>nd are recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span>Other intangible assets<span class=\"_ _2cb\"> </span>Ot<span class=\"_ _0\"></span>her intang<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are st<span class=\"_ _0\"></span>ated at cos<span class=\"_ _0\"></span>t les<span class=\"_ _0\"></span>s accumulated am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion and any prov<span class=\"_ _0\"></span>isions for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent. The co<span class=\"_ _0\"></span>st of an inter<span class=\"_ _0\"></span>nally gene<span class=\"_ _0\"></span>rated intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s all direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>utabl<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s nece<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y to create, produce, and p<span class=\"_ _0\"></span>repare the a<span class=\"_ _0\"></span>sset to b<span class=\"_ _0\"></span>e capa<span class=\"_ _0\"></span>ble of ope<span class=\"_ _0\"></span>rating in the ma<span class=\"_ _0\"></span>nner intend<span class=\"_ _0\"></span>ed by manag<span class=\"_ _0\"></span>ement. T<span class=\"_ _0\"></span>he cost of int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets acq<span class=\"_ _0\"></span>uired in a mater<span class=\"_ _0\"></span>ial busines<span class=\"_ _0\"></span>s combina<span class=\"_ _0\"></span>tion is th<span class=\"_ _0\"></span>e fair value as at t<span class=\"_ _0\"></span>he date of acqui<span class=\"_ _0\"></span>sition. O<span class=\"_ _0\"></span>ther int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are a<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>sed for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent only w<span class=\"_ _0\"></span>hen there i<span class=\"_ _0\"></span>s an indica<span class=\"_ _0\"></span>tion that t<span class=\"_ _0\"></span>hey might be imp<span class=\"_ _0\"></span>aired. T<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated use<span class=\"_ _0\"></span>ful econo<span class=\"_ _0\"></span>mic life and am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisati<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od are rev<span class=\"_ _0\"></span>iewed at t<span class=\"_ _0\"></span>he end of eac<span class=\"_ _0\"></span>h repor<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, with th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any changes in e<span class=\"_ _0\"></span>stimate b<span class=\"_ _0\"></span>eing accounte<span class=\"_ _0\"></span>d for on a pros<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive b<span class=\"_ _0\"></span>asis.<span class=\"_ _2cb\"> </span>Inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s not yet re<span class=\"_ _0\"></span>ady for us<span class=\"_ _0\"></span>e are not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but a<span class=\"_ _0\"></span>re subjec<span class=\"_ _0\"></span>t to annual im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt review<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Amortisation<span class=\"_ _2cb\"> </span>Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on is charge<span class=\"_ _0\"></span>d to sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>es in the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt over the es<span class=\"_ _0\"></span>timated us<span class=\"_ _0\"></span>eful eco<span class=\"_ _0\"></span>nomic lives<span class=\"_ _1\"></span> as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _2cb\"> </span>Computer sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware   <span class=\"_ _124\"> </span>3\u20137 years s<span class=\"_ _0\"></span>traight line<span class=\"_ _2cb\"> </span>C<span class=\"_ _1\"></span>ustomer relationships <span class=\"_ _e9\"> </span>10<span class=\"_ _1\"></span> years sy<span class=\"_ _0\"></span>stematic<span class=\"_ _2cb\"> </span>Brand nam<span class=\"_ _0\"></span>e <span class=\"_ _42\"> </span> <span class=\"_ _124\"> </span>5 years s<span class=\"_ _0\"></span>yste<span class=\"_ _0\"></span>matic<span class=\"_ _2cb\"> </span>Know-<span class=\"_ _0\"></span>how <span class=\"_ _d3\"> </span> <span class=\"_ _13a\"> </span>1<span class=\"_ _1\"></span>0 years s<span class=\"_ _0\"></span>traight<span class=\"_ _1\"></span> line<span class=\"_ _2cb\"> </span>Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on on as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s classi<span class=\"_ _0\"></span>fied as in t<span class=\"_ _0\"></span>he cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion comm<span class=\"_ _0\"></span>ences w<span class=\"_ _0\"></span>hen the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y for their inte<span class=\"_ _0\"></span>nded us<span class=\"_ _0\"></span>e, the point at whic<span class=\"_ _0\"></span>h they are re<span class=\"_ _0\"></span>classif<span class=\"_ _0\"></span>ied from a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in cour<span class=\"_ _0\"></span>se of cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tion, o<span class=\"_ _0\"></span>n the sa<span class=\"_ _0\"></span>me basis as ot<span class=\"_ _0\"></span>her as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of that clas<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs275\">A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts in<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs276\">Computer<span class=\"_ _7b\"> </span><span class=\"ls19d wsde\">Cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>er<span class=\"_ _1b3\"> </span><span class=\"ls6 ws0\">cour<span class=\"_ _0\"></span>se of<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd7 wsd0 gs277\">Goodwill<span class=\"_ _1\"></span> <span class=\"_ _69\"> </span><span class=\"ls6 ws0\">s<span class=\"_ _0\"></span>oft<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>e <span class=\"_ _6e\"> </span><span class=\"lsb3 wsaa\">relat<span class=\"_ _0\"></span>ionships<span class=\"_ _6c\"> </span><span class=\"ls9a ws8f\">Brand name<span class=\"_ _6d\"> </span>Kn<span class=\"_ _0\"></span>ow-how<span class=\"_ _54\"> </span><span class=\"lsd9 wsd3\">c<span class=\"_ _1\"></span>onstruc<span class=\"_ _0\"></span>tion <span class=\"_ _25\"> </span><span class=\"ls77 ws18e\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs278\">\u00a3m <span class=\"_ _10d\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _36\"> </span></span> \u00a3m <span class=\"_ _b7\"> </span> \u00a3m <span class=\"_ _36\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _10b\"> </span></span>\u00a3m <span class=\"_ _36\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls1d ws1b gs279\">Cost<span class=\"_ _1f1\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs27a\">At 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _1f6\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _ad\"> </span><span class=\"ls6c ws68\">18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.2<span class=\"_ _b7\"> </span></span></span></span></span></span>0.8<span class=\"_ _8b\"> </span><span class=\"ls7e ws76\">39.0<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs27b\">Additions<span class=\"_ _1fd\"> </span><span class=\"ls6 ws0\">\u2014 <span class=\"_ _d3\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _90\"> </span></span>\u2014 <span class=\"_ _db\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _db\"> </span></span>0.2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs27c\">Dispos<span class=\"_ _0\"></span>als<span class=\"_ _1fe\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _d3\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _25\"> </span><span class=\"ls9 ws7\">(0.<span class=\"_ _0\"></span>8)<span class=\"_ _8b\"> </span><span class=\"ls29 ws26\">(2.<span class=\"_ _0\"></span>6)<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs27d\">Reclassi<span class=\"_ _0\"></span>fication<span class=\"_ _1ff\"> </span><span class=\"ls6 ws0\">\u2014 <span class=\"_ _d3\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _90\"> </span></span>\u2014 <span class=\"_ _db\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1)<span class=\"_ _10d\"> </span></span>\u2014 </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs27e\">At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _200\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _45\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span>.7<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.2<span class=\"_ _10b\"> </span></span></span></span></span></span>\u2014<span class=\"_ _8a\"> </span>36.6<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs27f\">Additions<span class=\"_ _1fd\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs280\">Reclassi<span class=\"_ _0\"></span>fication<span class=\"_ _1ff\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _102\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs281\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _201\"> </span><span class=\"fc3 lsfa wsf4\">1<span class=\"_ _1\"></span>4.3<span class=\"_ _42\"> </span><span class=\"lsf wsd\">16.<span class=\"_ _0\"></span>9<span class=\"_ _b7\"> </span><span class=\"ls7f ws70\">1.7<span class=\"_ _b7\"> </span><span class=\"ls6d wsc6\">0.7<span class=\"_ _106\"> </span><span class=\"ls12d ws125\">3.2<span class=\"_ _10b\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _184\"> </span><span class=\"ls87 ws7d\">36.8<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls7 ws5 gs282\">Accumulated amor<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion<span class=\"_ _2e\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _163\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs283\">At 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _131\"> </span>\u2014<span class=\"_ _11a\"> </span><span class=\"lse3 wsdd\">11<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>5<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span></span></span></span>0.3<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _8a\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs284\">Amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation charge<span class=\"_ _202\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.3<span class=\"_ _10b\"> </span></span>\u2014 <span class=\"_ _13a\"> </span>\u2014 <span class=\"_ _25\"> </span>0.3<span class=\"_ _10b\"> </span>\u2014 <span class=\"_ _102\"> </span><span class=\"ls29 ws26\">2.6<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs285\">Dispos<span class=\"_ _0\"></span>als<span class=\"_ _1fe\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span><span class=\"ls7d ws100\">(<span class=\"_ _0\"></span>0.4)<span class=\"_ _124\"> </span></span>\u2014 <span class=\"_ _db\"> </span>\u2014 <span class=\"_ _124\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014 <span class=\"_ _8b\"> </span><span class=\"ls7d ws100\">(0.<span class=\"_ _0\"></span>4)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs286\">At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _1f7\"> </span>\u2014<span class=\"_ _8b\"> </span><span class=\"lse2 wsdc\">13<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>4<span class=\"_ _124\"> </span><span class=\"lsfb wsf5\">1.7<span class=\"_ _db\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span></span></span></span>0.6<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _8b\"> </span><span class=\"ls15 ws13\">1<span class=\"_ _1\"></span>6.4<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs287\">Amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation charge<span class=\"_ _202\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _b7\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _6\"></span>3<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _106\"> </span>0.4<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs288\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _1eb\"> </span><span class=\"fc3\">\u2014<span class=\"_ _8a\"> </span><span class=\"lsd wsb\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _b7\"> </span><span class=\"ls7f ws70\">1.7<span class=\"_ _b7\"> </span><span class=\"ls6d wsc6\">0.7<span class=\"_ _b7\"> </span></span>1.0<span class=\"_ _10b\"> </span></span></span>\u2014<span class=\"_ _ad\"> </span><span class=\"lscd wse4\">1<span class=\"_ _0\"></span>8<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls7 ws5 gs289\">Carr<span class=\"_ _0\"></span>ying amounts<span class=\"_ _131\"> </span><span class=\"fc3 ls6 ws0\"> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> </span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs28a\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _201\"> </span><span class=\"fc3 lsfa wsf4\">1<span class=\"_ _1\"></span>4.3<span class=\"_ _109\"> </span>2.2<span class=\"_ _62\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _186\"> </span></span>2.2<span class=\"_ _c5\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _8b\"> </span><span class=\"ls10 wse\">18.7<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs28b\">At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _200\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.<span class=\"_ _0\"></span>3<span class=\"_ _62\"> </span></span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.6<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _8a\"> </span><span class=\"ls6a ws66\">20.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs28c\">At 30 Septe<span class=\"_ _0\"></span>mber 2021<span class=\"_ _200\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span><span class=\"ls15 ws13\">6.8<span class=\"_ _62\"> </span></span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"ls29 ws26\">2.9<span class=\"_ _b7\"> </span></span>0.8<span class=\"_ _8b\"> </span><span class=\"ls4e ws4a\">24<span class=\"_ _0\"></span>.8<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs28d\">Computer sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware is an inter<span class=\"_ _0\"></span>nally ge<span class=\"_ _0\"></span>nerated int<span class=\"_ _0\"></span>angible a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>. The avera<span class=\"_ _0\"></span>ge remainin<span class=\"_ _0\"></span>g useful life is t<span class=\"_ _0\"></span>wo year<span class=\"_ _0\"></span>s (F<span class=\"_ _0\"></span>Y 2022: three year<span class=\"_ _0\"></span>s).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs28e\">The G<span class=\"_ _0\"></span>roup has kno<span class=\"_ _0\"></span>w-<span class=\"_ _0\"></span>how in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of the hybr<span class=\"_ _0\"></span>id overm<span class=\"_ _0\"></span>oulding te<span class=\"_ _0\"></span>chnolo<span class=\"_ _0\"></span>gy for bracket<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he remaining us<span class=\"_ _0\"></span>eful life of th<span class=\"_ _0\"></span>e know-<span class=\"_ _0\"></span>how is </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs28f\">seven y<span class=\"_ _0\"></span>ears (F<span class=\"_ _0\"></span>Y 2022: eight yea<span class=\"_ _0\"></span>rs). </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs290\">Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll recognis<span class=\"_ _0\"></span>ed is as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed for imp<span class=\"_ _0\"></span>airme<span class=\"_ _0\"></span>nt against di<span class=\"_ _0\"></span>scounted futu<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>-tax<span class=\"_ _0\"></span>ation c<span class=\"_ _0\"></span>ash flow p<span class=\"_ _0\"></span>rojec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns for the rel<span class=\"_ _0\"></span>evant C<span class=\"_ _1\"></span>GU (value </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs291\">in use m<span class=\"_ _0\"></span>odel<span class=\"_ _0\"></span>). Managem<span class=\"_ _0\"></span>ent has prep<span class=\"_ _0\"></span>ared cas<span class=\"_ _0\"></span>h flow proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tions for a f<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>-year p<span class=\"_ _0\"></span>eriod d<span class=\"_ _0\"></span>erive<span class=\"_ _0\"></span>d from the bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s\u2019 2<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>month fore<span class=\"_ _0\"></span>cast a<span class=\"_ _0\"></span>nd </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs292\">the fi<span class=\"_ _0\"></span>ve-<span class=\"_ _0\"></span>year st<span class=\"_ _0\"></span>rategy. Thes<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s are the s<span class=\"_ _0\"></span>ame one<span class=\"_ _0\"></span>s used for b<span class=\"_ _0\"></span>oth the go<span class=\"_ _0\"></span>ing concer<span class=\"_ _0\"></span>n and viab<span class=\"_ _0\"></span>ility r<span class=\"_ _0\"></span>eview<span class=\"_ _0\"></span>s. Fur<span class=\"_ _0\"></span>ther d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>s are include<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs293\">on pag<span class=\"_ _0\"></span>es 39 to 4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>hese fo<span class=\"_ _0\"></span>recas<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>clude as<span class=\"_ _0\"></span>sumptio<span class=\"_ _0\"></span>ns around vol<span class=\"_ _0\"></span>umes and s<span class=\"_ _0\"></span>ales p<span class=\"_ _0\"></span>rices, co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s of manufac<span class=\"_ _0\"></span>ture, operat<span class=\"_ _0\"></span>ing cost<span class=\"_ _0\"></span>s, wor<span class=\"_ _0\"></span>king </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs294\">cap<span class=\"_ _0\"></span>ital mo<span class=\"_ _0\"></span>vement<span class=\"_ _0\"></span>s and cap<span class=\"_ _0\"></span>ital e<span class=\"_ _0\"></span>xpen<span class=\"_ _0\"></span>diture. In me<span class=\"_ _0\"></span>asuring the<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sumptions<span class=\"_ _0\"></span>, the Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s have taken into accou<span class=\"_ _0\"></span>nt:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs295\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs296\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted de<span class=\"_ _0\"></span>mand in the mar<span class=\"_ _0\"></span>kets and g<span class=\"_ _0\"></span>eogra<span class=\"_ _0\"></span>phies w<span class=\"_ _0\"></span>ithin whi<span class=\"_ _0\"></span>ch the Group o<span class=\"_ _0\"></span>perate<span class=\"_ _0\"></span>s, including in<span class=\"_ _0\"></span>dustr<span class=\"_ _0\"></span>y tre<span class=\"_ _0\"></span>nds and ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l market forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s;</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs297\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs298\">ope<span class=\"_ _0\"></span>rating profi<span class=\"_ _0\"></span>ts, b<span class=\"_ _0\"></span>ased on h<span class=\"_ _0\"></span>istoric<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>ence of ope<span class=\"_ _0\"></span>rating margins in<span class=\"_ _0\"></span>cluding chang<span class=\"_ _0\"></span>es to the pr<span class=\"_ _0\"></span>ice of raw materia<span class=\"_ _0\"></span>l and utilit<span class=\"_ _0\"></span>y cos<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls19 ws6d gs299\">produc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n volumes;<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs29a\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs29b\">the timi<span class=\"_ _0\"></span>ng and cost o<span class=\"_ _0\"></span>f major ca<span class=\"_ _0\"></span>pital p<span class=\"_ _0\"></span>rojec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s; </div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs29c\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs29d\">cash co<span class=\"_ _0\"></span>nversi<span class=\"_ _0\"></span>on, base<span class=\"_ _0\"></span>d on histor<span class=\"_ _0\"></span>ical rate<span class=\"_ _0\"></span>s; and</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs29e\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs29f\">the imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>f climate change (s<span class=\"_ _0\"></span>ee be<span class=\"_ _0\"></span>low).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs2a0\">Impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f clim<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2a1\">The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e on the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of goo<span class=\"_ _0\"></span>dwill ha<span class=\"_ _0\"></span>s been co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d. The ma<span class=\"_ _0\"></span>jorit<span class=\"_ _0\"></span>y of the g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will relate<span class=\"_ _0\"></span>s to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2a2\">the acqu<span class=\"_ _0\"></span>isition of t<span class=\"_ _0\"></span>he mono<span class=\"_ _0\"></span>mer supp<span class=\"_ _0\"></span>ly chain. A<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th all manufac<span class=\"_ _0\"></span>turing are<span class=\"_ _0\"></span>as the mo<span class=\"_ _0\"></span>nomer su<span class=\"_ _0\"></span>pply chai<span class=\"_ _0\"></span>n is being as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2a3\">for it<span class=\"_ _0\"></span>s impac<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e path to Ne<span class=\"_ _0\"></span>t Zero wit<span class=\"_ _0\"></span>h the potent<span class=\"_ _0\"></span>ial for dec<span class=\"_ _0\"></span>arbo<span class=\"_ _0\"></span>nising and re<span class=\"_ _0\"></span>ducing water us<span class=\"_ _0\"></span>age an<span class=\"_ _0\"></span>d waste. T<span class=\"_ _0\"></span>he impac<span class=\"_ _0\"></span>t </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2a4\">of this on t<span class=\"_ _0\"></span>he proces<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is not yet kn<span class=\"_ _0\"></span>own, but cu<span class=\"_ _0\"></span>rrent forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d for the consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2a5\">impair<span class=\"_ _0\"></span>ment, s<span class=\"_ _0\"></span>ee bel<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>, und<span class=\"_ _0\"></span>erpin t<span class=\"_ _0\"></span>he carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing value at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023. This p<span class=\"_ _0\"></span>ositio<span class=\"_ _0\"></span>n will continu<span class=\"_ _0\"></span>e to be monito<span class=\"_ _0\"></span>red as the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2a6\">appro<span class=\"_ _0\"></span>ach to de<span class=\"_ _0\"></span>carb<span class=\"_ _0\"></span>onisat<span class=\"_ _0\"></span>ion of the m<span class=\"_ _0\"></span>onom<span class=\"_ _0\"></span>er supply c<span class=\"_ _0\"></span>hain is devel<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>d to suppor<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e Group\u2019s path to Net Z<span class=\"_ _0\"></span>ero.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2a7\">Climate change w<span class=\"_ _0\"></span>ill potentiall<span class=\"_ _0\"></span>y impac<span class=\"_ _0\"></span>t the fu<span class=\"_ _0\"></span>ture foreca<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s of the Group w<span class=\"_ _0\"></span>hich are us<span class=\"_ _0\"></span>ed for the afo<span class=\"_ _0\"></span>rementi<span class=\"_ _0\"></span>oned imp<span class=\"_ _0\"></span>airment </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2a8\">revi<span class=\"_ _0\"></span>ew<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he overall imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the revenu<span class=\"_ _0\"></span>e of the Group i<span class=\"_ _0\"></span>s asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d as posi<span class=\"_ _0\"></span>tive, with t<span class=\"_ _0\"></span>he major<span class=\"_ _0\"></span>ity of t<span class=\"_ _0\"></span>he grow<span class=\"_ _0\"></span>th pro<span class=\"_ _0\"></span>gramme<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2a9\">suppo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing carb<span class=\"_ _0\"></span>on redu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on in end mar<span class=\"_ _0\"></span>kets, whi<span class=\"_ _0\"></span>ch will mo<span class=\"_ _0\"></span>re than of<span class=\"_ _0\"></span>fset t<span class=\"_ _0\"></span>he adver<span class=\"_ _0\"></span>se imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t from reduc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons anticip<span class=\"_ _0\"></span>ated to be </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2aa\">see<span class=\"_ _0\"></span>n, for examp<span class=\"_ _0\"></span>le, in Oil &amp; Gas an<span class=\"_ _0\"></span>d internal comb<span class=\"_ _0\"></span>ustio<span class=\"_ _0\"></span>n engine re<span class=\"_ _0\"></span>lated app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>ons. Th<span class=\"_ _0\"></span>e primar<span class=\"_ _0\"></span>y ad<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t is ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ab\">to be se<span class=\"_ _0\"></span>en in car<span class=\"_ _0\"></span>bon pr<span class=\"_ _0\"></span>icing and th<span class=\"_ _0\"></span>e cost of using g<span class=\"_ _0\"></span>reener e<span class=\"_ _0\"></span>nergy s<span class=\"_ _0\"></span>ources. To reflec<span class=\"_ _0\"></span>t this in t<span class=\"_ _0\"></span>he impair<span class=\"_ _0\"></span>ment revi<span class=\"_ _0\"></span>ew an amou<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ac\">of \u00a320m p<span class=\"_ _0\"></span>er annum (gro<span class=\"_ _0\"></span>wing by inflat<span class=\"_ _0\"></span>ion) from 2025 has been inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _0\"></span>he scenari<span class=\"_ _0\"></span>os use<span class=\"_ _0\"></span>d for the sen<span class=\"_ _0\"></span>sitivi<span class=\"_ _0\"></span>ty ana<span class=\"_ _0\"></span>lysis </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs2ad\">suppo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing the imp<span class=\"_ _0\"></span>airment re<span class=\"_ _0\"></span>view. Furt<span class=\"_ _0\"></span>her det<span class=\"_ _0\"></span>ail of this is inc<span class=\"_ _0\"></span>luded in t<span class=\"_ _0\"></span>he Sust<span class=\"_ _0\"></span>ainabilit<span class=\"_ _0\"></span>y rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t star<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g on page 42.<span class=\"_ _2cb\"> </span></div>The s<span class=\"_ _0\"></span>ensiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y analy<span class=\"_ _0\"></span>sis per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed as par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e viabili<span class=\"_ _0\"></span>ty as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment on t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>GUs of the Gr<span class=\"_ _0\"></span>oup dem<span class=\"_ _0\"></span>onstrate<span class=\"_ _0\"></span>d a suff<span class=\"_ _0\"></span>icient le<span class=\"_ _0\"></span>vel of head<span class=\"_ _0\"></span>room as noted below; theref<span class=\"_ _1\"></span>ore, no specific adju<span class=\"_ _1\"></span>stm<span class=\"_ _0\"></span>ents or impairmen<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>s hav<span class=\"_ _1\"></span>e been made.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has t<span class=\"_ _0\"></span>wo C<span class=\"_ _1\"></span>GUs, Sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>ble So<span class=\"_ _0\"></span>lutions (for<span class=\"_ _0\"></span>merly I<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial) and M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al, which a<span class=\"_ _0\"></span>re the smalle<span class=\"_ _0\"></span>st id<span class=\"_ _0\"></span>entifiab<span class=\"_ _0\"></span>le inde<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent groups of ass<span class=\"_ _0\"></span>ets t<span class=\"_ _0\"></span>hat gene<span class=\"_ _0\"></span>rate cash infl<span class=\"_ _0\"></span>ows that ar<span class=\"_ _0\"></span>e largel<span class=\"_ _0\"></span>y indep<span class=\"_ _0\"></span>endent of t<span class=\"_ _0\"></span>he cash infl<span class=\"_ _0\"></span>ows fro<span class=\"_ _0\"></span>m other as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s or group<span class=\"_ _0\"></span>s of asse<span class=\"_ _0\"></span>ts. W<span class=\"_ _0\"></span>here as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and cost<span class=\"_ _0\"></span>s are share<span class=\"_ _0\"></span>d bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the t<span class=\"_ _0\"></span>wo C<span class=\"_ _1\"></span>GUs a reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e appor<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>onment of th<span class=\"_ _0\"></span>ese are ma<span class=\"_ _0\"></span>de for the p<span class=\"_ _0\"></span>urpos<span class=\"_ _0\"></span>e of the imp<span class=\"_ _0\"></span>airment c<span class=\"_ _0\"></span>alculati<span class=\"_ _0\"></span>on.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is split be<span class=\"_ _0\"></span>tw<span class=\"_ _0\"></span>een the t<span class=\"_ _0\"></span>wo C<span class=\"_ _1\"></span>GU<span class=\"_ _0\"></span>s: Sustaina<span class=\"_ _0\"></span>ble So<span class=\"_ _0\"></span>lutions \u00a31<span class=\"_ _1\"></span>2.8m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _2\"></span>2.8<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>) an<span class=\"_ _0\"></span>d Medi<span class=\"_ _0\"></span>cal \u00a31<span class=\"_ _2\"></span>.5m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2:<span class=\"_ _6\"></span> \u00a31.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>)<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>The g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will and ot<span class=\"_ _0\"></span>her intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s that relate to th<span class=\"_ _0\"></span>e Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>olutio<span class=\"_ _0\"></span>ns C<span class=\"_ _1\"></span>GU includ<span class=\"_ _0\"></span>e Klei<span class=\"_ _0\"></span>ss Gear<span class=\"_ _0\"></span>s Inc., Zyex L<span class=\"_ _0\"></span>imited an<span class=\"_ _0\"></span>d T<span class=\"_ _1\"></span>xV whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en fully integ<span class=\"_ _0\"></span>rated. Th<span class=\"_ _0\"></span>ese busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es are emp<span class=\"_ _0\"></span>loyed to ge<span class=\"_ _0\"></span>nerate revenu<span class=\"_ _0\"></span>e acros<span class=\"_ _0\"></span>s all Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>olutio<span class=\"_ _0\"></span>ns geo<span class=\"_ _0\"></span>graphie<span class=\"_ _0\"></span>s and market<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>The l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-term averag<span class=\"_ _0\"></span>e grow<span class=\"_ _0\"></span>th rate use<span class=\"_ _0\"></span>d was 2.0% (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: 2.0%<span class=\"_ _1\"></span>) which re<span class=\"_ _0\"></span>flec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the lon<span class=\"_ _0\"></span>g-ter<span class=\"_ _0\"></span>m inflatio<span class=\"_ _0\"></span>n rates in the main te<span class=\"_ _0\"></span>rritori<span class=\"_ _0\"></span>es with<span class=\"_ _0\"></span>in which th<span class=\"_ _0\"></span>e Group op<span class=\"_ _0\"></span>erates and t<span class=\"_ _0\"></span>he risk-adjuste<span class=\"_ _0\"></span>d pre<span class=\"_ _0\"></span>-tax d<span class=\"_ _0\"></span>iscount rate was 10.<span class=\"_ _1\"></span>7% (F<span class=\"_ _0\"></span>Y 2022: 9<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>%<span class=\"_ _1\"></span>). The im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt test re<span class=\"_ _0\"></span>sults in more th<span class=\"_ _0\"></span>an 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% headro<span class=\"_ _0\"></span>om in the ba<span class=\"_ _0\"></span>se scenar<span class=\"_ _0\"></span>io (F<span class=\"_ _0\"></span>Y 2022: more than 100% hea<span class=\"_ _0\"></span>droom). In addi<span class=\"_ _0\"></span>tion a numb<span class=\"_ _0\"></span>er of sen<span class=\"_ _0\"></span>sitivi<span class=\"_ _0\"></span>ties have b<span class=\"_ _0\"></span>een per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed includ<span class=\"_ _0\"></span>ing increasin<span class=\"_ _0\"></span>g the disco<span class=\"_ _0\"></span>unt rate by 20%<span class=\"_ _1\"></span>, rem<span class=\"_ _0\"></span>oving b<span class=\"_ _0\"></span>oth the grow<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>hrough the s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>y peri<span class=\"_ _0\"></span>od and the te<span class=\"_ _0\"></span>rminal grow<span class=\"_ _0\"></span>th rate and the a<span class=\"_ _0\"></span>forementi<span class=\"_ _0\"></span>oned p<span class=\"_ _0\"></span>otential impa<span class=\"_ _0\"></span>ct of cl<span class=\"_ _0\"></span>imate change, wi<span class=\"_ _0\"></span>th the resul<span class=\"_ _0\"></span>ts ind<span class=\"_ _0\"></span>icating t<span class=\"_ _0\"></span>hat a reaso<span class=\"_ _0\"></span>nably po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e change in key assum<span class=\"_ _0\"></span>ptions wo<span class=\"_ _0\"></span>uld not resul<span class=\"_ _0\"></span>t in an impairm<span class=\"_ _0\"></span>ent of go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill or other int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>Research &amp;<span class=\"_ _1\"></span> Devel<span class=\"_ _1\"></span>opment<span class=\"_ _2cb\"> </span>Ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture on res<span class=\"_ _0\"></span>earch ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span>, under<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken with the pro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct of ga<span class=\"_ _0\"></span>ining new sc<span class=\"_ _0\"></span>ientifi<span class=\"_ _0\"></span>c or technic<span class=\"_ _0\"></span>al know<span class=\"_ _0\"></span>ledg<span class=\"_ _0\"></span>e and und<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>tanding<span class=\"_ _0\"></span>, is reco<span class=\"_ _0\"></span>gnised w<span class=\"_ _0\"></span>ithin the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt as an exp<span class=\"_ _0\"></span>ense as i<span class=\"_ _0\"></span>ncurred.<span class=\"_ _2cb\"> </span>Devel<span class=\"_ _0\"></span>opme<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>enditure is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense as incu<span class=\"_ _0\"></span>rred unle<span class=\"_ _0\"></span>ss it me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s all the cri<span class=\"_ _0\"></span>teria to be cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed unde<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 38 \u2013 Int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding technic<span class=\"_ _0\"></span>al feasib<span class=\"_ _0\"></span>ility of co<span class=\"_ _0\"></span>mplet<span class=\"_ _0\"></span>ing the as<span class=\"_ _0\"></span>set, intent<span class=\"_ _0\"></span>ion to compl<span class=\"_ _0\"></span>ete, probab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of future e<span class=\"_ _0\"></span>conomic b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts, t<span class=\"_ _0\"></span>he availabili<span class=\"_ _0\"></span>ty of re<span class=\"_ _0\"></span>sources to com<span class=\"_ _0\"></span>plete and t<span class=\"_ _0\"></span>he abilit<span class=\"_ _0\"></span>y to relia<span class=\"_ _0\"></span>bly mea<span class=\"_ _0\"></span>sure exp<span class=\"_ _0\"></span>enditure at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>buted to the<span class=\"_ gs1\"> </span>development.<span class=\"_ _2cb\"> </span>Res<span class=\"_ _0\"></span>earch &amp; Deve<span class=\"_ _0\"></span>lopme<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>enditure of \u00a31<span class=\"_ _1\"></span>8.6m (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _2\"></span>5.7<span class=\"_ _1\"></span>m) was ex<span class=\"_ _0\"></span>pense<span class=\"_ _0\"></span>d to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement in the y<span class=\"_ _0\"></span>ear within s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d adminis<span class=\"_ _0\"></span>trative ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>es. N<span class=\"_ _0\"></span>o devel<span class=\"_ _0\"></span>opment e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditure was c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alised (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a3nil) a<span class=\"_ _0\"></span>s the Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s consid<span class=\"_ _0\"></span>er there is insuf<span class=\"_ _0\"></span>ficie<span class=\"_ _0\"></span>nt evide<span class=\"_ _0\"></span>nce availabl<span class=\"_ _0\"></span>e that the cri<span class=\"_ _0\"></span>teria have be<span class=\"_ _0\"></span>en met for t<span class=\"_ _0\"></span>he reaso<span class=\"_ _0\"></span>ns noted be<span class=\"_ _0\"></span>low.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has the inte<span class=\"_ _0\"></span>ntion and re<span class=\"_ _0\"></span>sources to co<span class=\"_ _0\"></span>mplete th<span class=\"_ _0\"></span>e proje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s bein<span class=\"_ _0\"></span>g under<span class=\"_ _0\"></span>taken, al<span class=\"_ _0\"></span>ong wit<span class=\"_ _0\"></span>h the abilit<span class=\"_ _0\"></span>y to accurate<span class=\"_ _0\"></span>ly measur<span class=\"_ _0\"></span>e at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able e<span class=\"_ _0\"></span>xpen<span class=\"_ _0\"></span>diture. The<span class=\"_ _0\"></span>refore whils<span class=\"_ _0\"></span>t thes<span class=\"_ _0\"></span>e criteria a<span class=\"_ _0\"></span>re met, th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of the techni<span class=\"_ _0\"></span>cal feasib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y and future e<span class=\"_ _0\"></span>conomic b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts is more difficult.<span class=\"_ _2cb\"> </span>For M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed deve<span class=\"_ _0\"></span>lopme<span class=\"_ _0\"></span>nt projec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s there are s<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>t regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y approva<span class=\"_ _0\"></span>ls which are re<span class=\"_ _0\"></span>quired to b<span class=\"_ _0\"></span>e obtain<span class=\"_ _0\"></span>ed before a n<span class=\"_ _0\"></span>ew produ<span class=\"_ _0\"></span>ct can b<span class=\"_ _0\"></span>e brought to market. P<span class=\"_ _0\"></span>rior to th<span class=\"_ _0\"></span>ese ap<span class=\"_ _0\"></span>provals a var<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g degre<span class=\"_ _0\"></span>e of clinica<span class=\"_ _0\"></span>l trials ne<span class=\"_ _0\"></span>ed to be und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>taken, many of whi<span class=\"_ _0\"></span>ch are multi<span class=\"_ _0\"></span>-year in leng<span class=\"_ _0\"></span>th. The va<span class=\"_ _0\"></span>st majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of devel<span class=\"_ _0\"></span>opment e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditure is incu<span class=\"_ _0\"></span>rred up to the p<span class=\"_ _0\"></span>oint of regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y approva<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>; ho<span class=\"_ _0\"></span>wever<span class=\"_ _1\"></span>, the o<span class=\"_ _0\"></span>utcome ca<span class=\"_ _0\"></span>nnot be consi<span class=\"_ _0\"></span>dered p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>e until appro<span class=\"_ _0\"></span>val is obt<span class=\"_ _0\"></span>ained. W<span class=\"_ _0\"></span>ithou<span class=\"_ _0\"></span>t approval t<span class=\"_ _0\"></span>he Group or it<span class=\"_ _0\"></span>s cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s cannot s<span class=\"_ _0\"></span>ell a med<span class=\"_ _0\"></span>ical pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t. Even wit<span class=\"_ _0\"></span>h regulato<span class=\"_ _0\"></span>ry a<span class=\"_ _0\"></span>pproval, mar<span class=\"_ _0\"></span>ket adopti<span class=\"_ _0\"></span>on remains unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ain and th<span class=\"_ _0\"></span>erefore the c<span class=\"_ _0\"></span>riteria for c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alisati<span class=\"_ _0\"></span>on is rarely m<span class=\"_ _0\"></span>et.<span class=\"_ _2cb\"> </span>Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>oluti<span class=\"_ _0\"></span>ons-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d devel<span class=\"_ _0\"></span>opment p<span class=\"_ _0\"></span>rojec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>picall<span class=\"_ _0\"></span>y do not have th<span class=\"_ _0\"></span>e same s<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>t regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y approva<span class=\"_ _0\"></span>ls; however<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>ey are ofte<span class=\"_ _0\"></span>n subje<span class=\"_ _0\"></span>ct to ri<span class=\"_ _0\"></span>gorous qu<span class=\"_ _0\"></span>alific<span class=\"_ _0\"></span>ation and te<span class=\"_ _0\"></span>sting p<span class=\"_ _0\"></span>rogramme<span class=\"_ _0\"></span>s, of<span class=\"_ _0\"></span>ten over a sust<span class=\"_ _0\"></span>ained p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d of time. E<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>es of this inclu<span class=\"_ _0\"></span>de wear te<span class=\"_ _0\"></span>sting with<span class=\"_ _0\"></span>in Automoti<span class=\"_ _0\"></span>ve, Aerospa<span class=\"_ _0\"></span>ce and Energy &amp; I<span class=\"_ _0\"></span>ndus<span class=\"_ _0\"></span>trial. Potenti<span class=\"_ _0\"></span>al custom<span class=\"_ _0\"></span>ers are a<span class=\"_ _0\"></span>lso of<span class=\"_ _0\"></span>ten test<span class=\"_ _0\"></span>ing multipl<span class=\"_ _0\"></span>e solut<span class=\"_ _0\"></span>ions at the s<span class=\"_ _0\"></span>ame tim<span class=\"_ _0\"></span>e with a vie<span class=\"_ _0\"></span>w to sele<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g one follow<span class=\"_ _0\"></span>ing the tes<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>/qualif<span class=\"_ _0\"></span>icatio<span class=\"_ _0\"></span>n program<span class=\"_ _0\"></span>me. As a re<span class=\"_ _0\"></span>sult it is onl<span class=\"_ _0\"></span>y when a succe<span class=\"_ _0\"></span>ssfu<span class=\"_ _0\"></span>l outcome to the te<span class=\"_ _0\"></span>sting<span class=\"_ _0\"></span>/<span class=\"_ _2cb\"> </span>qualifi<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n programm<span class=\"_ _0\"></span>es is achi<span class=\"_ _0\"></span>eved that te<span class=\"_ _0\"></span>chnical fe<span class=\"_ _0\"></span>asibilit<span class=\"_ _0\"></span>y is reac<span class=\"_ _0\"></span>hed and mar<span class=\"_ _0\"></span>ket adopti<span class=\"_ _0\"></span>on beco<span class=\"_ _0\"></span>mes th<span class=\"_ _0\"></span>e key asses<span class=\"_ _0\"></span>sment. At this p<span class=\"_ _0\"></span>oint, whils<span class=\"_ _0\"></span>t market ado<span class=\"_ _0\"></span>ption ri<span class=\"_ _0\"></span>sk remains, th<span class=\"_ _0\"></span>e vast maj<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y of deve<span class=\"_ _0\"></span>lopm<span class=\"_ _0\"></span>ent exp<span class=\"_ _0\"></span>enditure ha<span class=\"_ _0\"></span>s been in<span class=\"_ _0\"></span>curred and e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nsed.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-556": {
   "value": "Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll arising on t<span class=\"_ _0\"></span>he acquisit<span class=\"_ _0\"></span>ion of busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s is allo<span class=\"_ _0\"></span>cated, at a<span class=\"_ _0\"></span>cquisitio<span class=\"_ _0\"></span>n, to the cash<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gene<span class=\"_ _0\"></span>rating unit<span class=\"_ _0\"></span>s (\u2018C<span class=\"_ _2\"></span>GUs\u2019<span class=\"_ _0\"></span>) that are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to benefit from tha<span class=\"_ _1\"></span>t business combination.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any accu<span class=\"_ _0\"></span>mulated impa<span class=\"_ _0\"></span>irment lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. Go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but i<span class=\"_ _0\"></span>s tested a<span class=\"_ _0\"></span>nnually for imp<span class=\"_ _0\"></span>airment. Any imp<span class=\"_ _0\"></span>airment pro<span class=\"_ _0\"></span>visions t<span class=\"_ _0\"></span>hat arose d<span class=\"_ _0\"></span>uring impa<span class=\"_ _0\"></span>irment tes<span class=\"_ _0\"></span>ting woul<span class=\"_ _0\"></span>d not be reve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>In res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t of acquis<span class=\"_ _0\"></span>itions pr<span class=\"_ _0\"></span>ior to 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 200<span class=\"_ _0\"></span>4, go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is includ<span class=\"_ _0\"></span>ed on the b<span class=\"_ _0\"></span>asis of it<span class=\"_ _0\"></span>s dee<span class=\"_ _0\"></span>med cos<span class=\"_ _0\"></span>t, whi<span class=\"_ _0\"></span>ch repres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he net amount re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d previo<span class=\"_ _0\"></span>usly und<span class=\"_ _0\"></span>er UK GA<span class=\"_ _6\"></span>AP<span class=\"_ _2\"></span>. I<span class=\"_ _0\"></span>n respe<span class=\"_ _0\"></span>ct of a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>ons that have occur<span class=\"_ _0\"></span>red since 1 O<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>04, g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will rep<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>s the dif<span class=\"_ _0\"></span>ference b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he cost of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion and th<span class=\"_ _0\"></span>e fair value of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>nd continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es acquire<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is teste<span class=\"_ _0\"></span>d annually for imp<span class=\"_ _0\"></span>airment by re<span class=\"_ _0\"></span>ference to the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d future cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s of the relev<span class=\"_ _0\"></span>ant C<span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>U, discounted to th<span class=\"_ _0\"></span>eir pres<span class=\"_ _0\"></span>ent value using r<span class=\"_ _0\"></span>isk<span class=\"_ _1\"></span>-a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d discount fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s to give it<span class=\"_ _0\"></span>s value in use. A CGU is the smalles<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>ntifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t group that g<span class=\"_ _0\"></span>enerates cash f<span class=\"_ _0\"></span>lows t<span class=\"_ _0\"></span>hat are large<span class=\"_ _0\"></span>ly inde<span class=\"_ _0\"></span>pende<span class=\"_ _0\"></span>nt from other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and gro<span class=\"_ _0\"></span>ups.<span class=\"_ _2cb\"> </span>Imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>f the car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing amount of t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>GU to whic<span class=\"_ _0\"></span>h good<span class=\"_ _0\"></span>will has b<span class=\"_ _0\"></span>een all<span class=\"_ _0\"></span>ocate<span class=\"_ _0\"></span>d exceed<span class=\"_ _0\"></span>s its re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e value (the hi<span class=\"_ _0\"></span>gher of value i<span class=\"_ _0\"></span>n use and fair valu<span class=\"_ _0\"></span>e less co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s to sell) a<span class=\"_ _0\"></span>nd are recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll arising on t<span class=\"_ _0\"></span>he acquisit<span class=\"_ _0\"></span>ion of busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s is allo<span class=\"_ _0\"></span>cated, at a<span class=\"_ _0\"></span>cquisitio<span class=\"_ _0\"></span>n, to the cash<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gene<span class=\"_ _0\"></span>rating unit<span class=\"_ _0\"></span>s (\u2018C<span class=\"_ _2\"></span>GUs\u2019<span class=\"_ _0\"></span>) that are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to benefit from tha<span class=\"_ _1\"></span>t business combination.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any accu<span class=\"_ _0\"></span>mulated impa<span class=\"_ _0\"></span>irment lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. Go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but i<span class=\"_ _0\"></span>s tested a<span class=\"_ _0\"></span>nnually for imp<span class=\"_ _0\"></span>airment. Any imp<span class=\"_ _0\"></span>airment pro<span class=\"_ _0\"></span>visions t<span class=\"_ _0\"></span>hat arose d<span class=\"_ _0\"></span>uring impa<span class=\"_ _0\"></span>irment tes<span class=\"_ _0\"></span>ting woul<span class=\"_ _0\"></span>d not be reve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>In res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t of acquis<span class=\"_ _0\"></span>itions pr<span class=\"_ _0\"></span>ior to 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 200<span class=\"_ _0\"></span>4, go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is includ<span class=\"_ _0\"></span>ed on the b<span class=\"_ _0\"></span>asis of it<span class=\"_ _0\"></span>s dee<span class=\"_ _0\"></span>med cos<span class=\"_ _0\"></span>t, whi<span class=\"_ _0\"></span>ch repres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he net amount re<span class=\"_ _0\"></span>corde<span class=\"_ _0\"></span>d previo<span class=\"_ _0\"></span>usly und<span class=\"_ _0\"></span>er UK GA<span class=\"_ _6\"></span>AP<span class=\"_ _2\"></span>. I<span class=\"_ _0\"></span>n respe<span class=\"_ _0\"></span>ct of a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>ons that have occur<span class=\"_ _0\"></span>red since 1 O<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>04, g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will rep<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>s the dif<span class=\"_ _0\"></span>ference b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he cost of th<span class=\"_ _0\"></span>e acquisit<span class=\"_ _0\"></span>ion and th<span class=\"_ _0\"></span>e fair value of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>nd continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es acquire<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>Goo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is teste<span class=\"_ _0\"></span>d annually for imp<span class=\"_ _0\"></span>airment by re<span class=\"_ _0\"></span>ference to the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d future cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s of the relev<span class=\"_ _0\"></span>ant C<span class=\"_ _2\"></span>G<span class=\"_ _0\"></span>U, discounted to th<span class=\"_ _0\"></span>eir pres<span class=\"_ _0\"></span>ent value using r<span class=\"_ _0\"></span>isk<span class=\"_ _1\"></span>-a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d discount fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s to give it<span class=\"_ _0\"></span>s value in use. A CGU is the smalles<span class=\"_ _0\"></span>t ide<span class=\"_ _0\"></span>ntifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t group that g<span class=\"_ _0\"></span>enerates cash f<span class=\"_ _0\"></span>lows t<span class=\"_ _0\"></span>hat are large<span class=\"_ _0\"></span>ly inde<span class=\"_ _0\"></span>pende<span class=\"_ _0\"></span>nt from other a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and gro<span class=\"_ _0\"></span>ups.<span class=\"_ _2cb\"> </span>Imp<span class=\"_ _0\"></span>airment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnised i<span class=\"_ _0\"></span>f the car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing amount of t<span class=\"_ _0\"></span>he C<span class=\"_ _1\"></span>GU to whic<span class=\"_ _0\"></span>h good<span class=\"_ _0\"></span>will has b<span class=\"_ _0\"></span>een all<span class=\"_ _0\"></span>ocate<span class=\"_ _0\"></span>d exceed<span class=\"_ _0\"></span>s its re<span class=\"_ _0\"></span>coverabl<span class=\"_ _0\"></span>e value (the hi<span class=\"_ _0\"></span>gher of value i<span class=\"_ _0\"></span>n use and fair valu<span class=\"_ _0\"></span>e less co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s to sell) a<span class=\"_ _0\"></span>nd are recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span>Other intangible assets<span class=\"_ _2cb\"> </span>Ot<span class=\"_ _0\"></span>her intang<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are st<span class=\"_ _0\"></span>ated at cos<span class=\"_ _0\"></span>t les<span class=\"_ _0\"></span>s accumulated am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion and any prov<span class=\"_ _0\"></span>isions for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent. The co<span class=\"_ _0\"></span>st of an inter<span class=\"_ _0\"></span>nally gene<span class=\"_ _0\"></span>rated intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s all direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>utabl<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s nece<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y to create, produce, and p<span class=\"_ _0\"></span>repare the a<span class=\"_ _0\"></span>sset to b<span class=\"_ _0\"></span>e capa<span class=\"_ _0\"></span>ble of ope<span class=\"_ _0\"></span>rating in the ma<span class=\"_ _0\"></span>nner intend<span class=\"_ _0\"></span>ed by manag<span class=\"_ _0\"></span>ement. T<span class=\"_ _0\"></span>he cost of int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets acq<span class=\"_ _0\"></span>uired in a mater<span class=\"_ _0\"></span>ial busines<span class=\"_ _0\"></span>s combina<span class=\"_ _0\"></span>tion is th<span class=\"_ _0\"></span>e fair value as at t<span class=\"_ _0\"></span>he date of acqui<span class=\"_ _0\"></span>sition. O<span class=\"_ _0\"></span>ther int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are a<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>sed for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent only w<span class=\"_ _0\"></span>hen there i<span class=\"_ _0\"></span>s an indica<span class=\"_ _0\"></span>tion that t<span class=\"_ _0\"></span>hey might be imp<span class=\"_ _0\"></span>aired. T<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated use<span class=\"_ _0\"></span>ful econo<span class=\"_ _0\"></span>mic life and am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisati<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od are rev<span class=\"_ _0\"></span>iewed at t<span class=\"_ _0\"></span>he end of eac<span class=\"_ _0\"></span>h repor<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, with th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any changes in e<span class=\"_ _0\"></span>stimate b<span class=\"_ _0\"></span>eing accounte<span class=\"_ _0\"></span>d for on a pros<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive b<span class=\"_ _0\"></span>asis.<span class=\"_ _2cb\"> </span>Inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s not yet re<span class=\"_ _0\"></span>ady for us<span class=\"_ _0\"></span>e are not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but a<span class=\"_ _0\"></span>re subjec<span class=\"_ _0\"></span>t to annual im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt review<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Amortisation<span class=\"_ _2cb\"> </span>Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on is charge<span class=\"_ _0\"></span>d to sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>es in the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt over the es<span class=\"_ _0\"></span>timated us<span class=\"_ _0\"></span>eful eco<span class=\"_ _0\"></span>nomic lives<span class=\"_ _1\"></span> as follo<span class=\"_ _1\"></span>ws:<span class=\"_ _2cb\"> </span>Computer sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware   <span class=\"_ _124\"> </span>3\u20137 years s<span class=\"_ _0\"></span>traight line<span class=\"_ _2cb\"> </span>C<span class=\"_ _1\"></span>ustomer relationships <span class=\"_ _e9\"> </span>10<span class=\"_ _1\"></span> years sy<span class=\"_ _0\"></span>stematic<span class=\"_ _2cb\"> </span>Brand nam<span class=\"_ _0\"></span>e <span class=\"_ _42\"> </span> <span class=\"_ _124\"> </span>5 years s<span class=\"_ _0\"></span>yste<span class=\"_ _0\"></span>matic<span class=\"_ _2cb\"> </span>Know-<span class=\"_ _0\"></span>how <span class=\"_ _d3\"> </span> <span class=\"_ _13a\"> </span>1<span class=\"_ _1\"></span>0 years s<span class=\"_ _0\"></span>traight<span class=\"_ _1\"></span> line<span class=\"_ _2cb\"> </span>Amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on on as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s classi<span class=\"_ _0\"></span>fied as in t<span class=\"_ _0\"></span>he cours<span class=\"_ _0\"></span>e of const<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tion comm<span class=\"_ _0\"></span>ences w<span class=\"_ _0\"></span>hen the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are read<span class=\"_ _0\"></span>y for their inte<span class=\"_ _0\"></span>nded us<span class=\"_ _0\"></span>e, the point at whic<span class=\"_ _0\"></span>h they are re<span class=\"_ _0\"></span>classif<span class=\"_ _0\"></span>ied from a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in cour<span class=\"_ _0\"></span>se of cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tion, o<span class=\"_ _0\"></span>n the sa<span class=\"_ _0\"></span>me basis as ot<span class=\"_ _0\"></span>her as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of that clas<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Research &amp;<span class=\"_ _1\"></span> Devel<span class=\"_ _1\"></span>opment<span class=\"_ _2cb\"> </span>Ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture on res<span class=\"_ _0\"></span>earch ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span>, under<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken with the pro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct of ga<span class=\"_ _0\"></span>ining new sc<span class=\"_ _0\"></span>ientifi<span class=\"_ _0\"></span>c or technic<span class=\"_ _0\"></span>al know<span class=\"_ _0\"></span>ledg<span class=\"_ _0\"></span>e and und<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>tanding<span class=\"_ _0\"></span>, is reco<span class=\"_ _0\"></span>gnised w<span class=\"_ _0\"></span>ithin the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt as an exp<span class=\"_ _0\"></span>ense as i<span class=\"_ _0\"></span>ncurred.<span class=\"_ _2cb\"> </span>Devel<span class=\"_ _0\"></span>opme<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>enditure is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense as incu<span class=\"_ _0\"></span>rred unle<span class=\"_ _0\"></span>ss it me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s all the cri<span class=\"_ _0\"></span>teria to be cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed unde<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 38 \u2013 Int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding technic<span class=\"_ _0\"></span>al feasib<span class=\"_ _0\"></span>ility of co<span class=\"_ _0\"></span>mplet<span class=\"_ _0\"></span>ing the as<span class=\"_ _0\"></span>set, intent<span class=\"_ _0\"></span>ion to compl<span class=\"_ _0\"></span>ete, probab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of future e<span class=\"_ _0\"></span>conomic b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts, t<span class=\"_ _0\"></span>he availabili<span class=\"_ _0\"></span>ty of re<span class=\"_ _0\"></span>sources to com<span class=\"_ _0\"></span>plete and t<span class=\"_ _0\"></span>he abilit<span class=\"_ _0\"></span>y to relia<span class=\"_ _0\"></span>bly mea<span class=\"_ _0\"></span>sure exp<span class=\"_ _0\"></span>enditure at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>buted to the<span class=\"_ gs1\"> </span>development.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-557": {
   "value": "Other intangible assets<span class=\"_ _2cb\"> </span>Ot<span class=\"_ _0\"></span>her intang<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are st<span class=\"_ _0\"></span>ated at cos<span class=\"_ _0\"></span>t les<span class=\"_ _0\"></span>s accumulated am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion and any prov<span class=\"_ _0\"></span>isions for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent. The co<span class=\"_ _0\"></span>st of an inter<span class=\"_ _0\"></span>nally gene<span class=\"_ _0\"></span>rated intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s all direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>utabl<span class=\"_ _0\"></span>e cost<span class=\"_ _0\"></span>s nece<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y to create, produce, and p<span class=\"_ _0\"></span>repare the a<span class=\"_ _0\"></span>sset to b<span class=\"_ _0\"></span>e capa<span class=\"_ _0\"></span>ble of ope<span class=\"_ _0\"></span>rating in the ma<span class=\"_ _0\"></span>nner intend<span class=\"_ _0\"></span>ed by manag<span class=\"_ _0\"></span>ement. T<span class=\"_ _0\"></span>he cost of int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets acq<span class=\"_ _0\"></span>uired in a mater<span class=\"_ _0\"></span>ial busines<span class=\"_ _0\"></span>s combina<span class=\"_ _0\"></span>tion is th<span class=\"_ _0\"></span>e fair value as at t<span class=\"_ _0\"></span>he date of acqui<span class=\"_ _0\"></span>sition. O<span class=\"_ _0\"></span>ther int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are a<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>sed for i<span class=\"_ _0\"></span>mpairm<span class=\"_ _0\"></span>ent only w<span class=\"_ _0\"></span>hen there i<span class=\"_ _0\"></span>s an indica<span class=\"_ _0\"></span>tion that t<span class=\"_ _0\"></span>hey might be imp<span class=\"_ _0\"></span>aired. T<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated use<span class=\"_ _0\"></span>ful econo<span class=\"_ _0\"></span>mic life and am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisati<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od are rev<span class=\"_ _0\"></span>iewed at t<span class=\"_ _0\"></span>he end of eac<span class=\"_ _0\"></span>h repor<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, with th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any changes in e<span class=\"_ _0\"></span>stimate b<span class=\"_ _0\"></span>eing accounte<span class=\"_ _0\"></span>d for on a pros<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive b<span class=\"_ _0\"></span>asis.<span class=\"_ _2cb\"> </span>Inta<span class=\"_ _0\"></span>ngible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s not yet re<span class=\"_ _0\"></span>ady for us<span class=\"_ _0\"></span>e are not amo<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>sed but a<span class=\"_ _0\"></span>re subjec<span class=\"_ _0\"></span>t to annual im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt review<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-558": {
   "value": "Research &amp;<span class=\"_ _1\"></span> Devel<span class=\"_ _1\"></span>opment<span class=\"_ _2cb\"> </span>Ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture on res<span class=\"_ _0\"></span>earch ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span>, under<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken with the pro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct of ga<span class=\"_ _0\"></span>ining new sc<span class=\"_ _0\"></span>ientifi<span class=\"_ _0\"></span>c or technic<span class=\"_ _0\"></span>al know<span class=\"_ _0\"></span>ledg<span class=\"_ _0\"></span>e and und<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>tanding<span class=\"_ _0\"></span>, is reco<span class=\"_ _0\"></span>gnised w<span class=\"_ _0\"></span>ithin the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt as an exp<span class=\"_ _0\"></span>ense as i<span class=\"_ _0\"></span>ncurred.<span class=\"_ _2cb\"> </span>Devel<span class=\"_ _0\"></span>opme<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>enditure is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense as incu<span class=\"_ _0\"></span>rred unle<span class=\"_ _0\"></span>ss it me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s all the cri<span class=\"_ _0\"></span>teria to be cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed unde<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 38 \u2013 Int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, inclu<span class=\"_ _0\"></span>ding technic<span class=\"_ _0\"></span>al feasib<span class=\"_ _0\"></span>ility of co<span class=\"_ _0\"></span>mplet<span class=\"_ _0\"></span>ing the as<span class=\"_ _0\"></span>set, intent<span class=\"_ _0\"></span>ion to compl<span class=\"_ _0\"></span>ete, probab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of future e<span class=\"_ _0\"></span>conomic b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts, t<span class=\"_ _0\"></span>he availabili<span class=\"_ _0\"></span>ty of re<span class=\"_ _0\"></span>sources to com<span class=\"_ _0\"></span>plete and t<span class=\"_ _0\"></span>he abilit<span class=\"_ _0\"></span>y to relia<span class=\"_ _0\"></span>bly mea<span class=\"_ _0\"></span>sure exp<span class=\"_ _0\"></span>enditure at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>buted to the<span class=\"_ gs1\"> </span>development.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "1<span class=\"_ _2\"></span>1. In<span class=\"_ _1\"></span>terest<span class=\"_ _0\"></span>s in<span class=\"_ _1\"></span> other entities<span class=\"_ _2cb\"> </span>Basis of consolida<span class=\"_ _1\"></span>tion<span class=\"_ _2cb\"> </span>Subsidiaries<span class=\"_ _2cb\"> </span>Subsidi<span class=\"_ _0\"></span>aries are e<span class=\"_ _0\"></span>ntitie<span class=\"_ _0\"></span>s controlle<span class=\"_ _0\"></span>d by the Group. T<span class=\"_ _0\"></span>he Group co<span class=\"_ _0\"></span>ntrols an enti<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>hen it is e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed to, or has rig<span class=\"_ _0\"></span>hts to, variab<span class=\"_ _0\"></span>le returns from it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>ment wit<span class=\"_ _0\"></span>h the inves<span class=\"_ _0\"></span>tee and c<span class=\"_ _0\"></span>an affe<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>ose retu<span class=\"_ _0\"></span>rns through i<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>ower over th<span class=\"_ _0\"></span>e investe<span class=\"_ _0\"></span>e. This can b<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>mined eit<span class=\"_ _0\"></span>her by the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s ow<span class=\"_ _0\"></span>ners<span class=\"_ _0\"></span>hip percent<span class=\"_ _0\"></span>age, or by th<span class=\"_ _0\"></span>e terms of the sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>er agre<span class=\"_ _0\"></span>ement. W<span class=\"_ _0\"></span>here the<span class=\"_ _0\"></span>re is dee<span class=\"_ _0\"></span>med to be a<span class=\"_ _0\"></span>n abilit<span class=\"_ _0\"></span>y to affe<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he return, inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nts are cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d from the da<span class=\"_ _0\"></span>te that abilit<span class=\"_ _0\"></span>y comm<span class=\"_ _0\"></span>ences until t<span class=\"_ _0\"></span>he date that it cea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. The a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od is use<span class=\"_ _0\"></span>d to account for busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>inations<span class=\"_ _0\"></span>. Goo<span class=\"_ _0\"></span>dwill re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the acquisi<span class=\"_ _0\"></span>tion date fair value of th<span class=\"_ _0\"></span>e conside<span class=\"_ _0\"></span>ration trans<span class=\"_ _0\"></span>ferred, t<span class=\"_ _0\"></span>he amount of any n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he acquire<span class=\"_ _0\"></span>e and the net of t<span class=\"_ _0\"></span>he acquisi<span class=\"_ _0\"></span>tion date fair values o<span class=\"_ _0\"></span>f the ident<span class=\"_ _0\"></span>ifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts acqu<span class=\"_ _0\"></span>ired, includi<span class=\"_ _0\"></span>ng intangib<span class=\"_ _0\"></span>les, an<span class=\"_ _0\"></span>d liabiliti<span class=\"_ _0\"></span>es assum<span class=\"_ _0\"></span>ed, includ<span class=\"_ _0\"></span>ing continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es as requ<span class=\"_ _0\"></span>ired by IF<span class=\"_ _0\"></span>RS 3. If t<span class=\"_ _0\"></span>his dif<span class=\"_ _0\"></span>ference is ne<span class=\"_ _0\"></span>gative, the am<span class=\"_ _0\"></span>ount is reco<span class=\"_ _0\"></span>gnised d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly in the Cons<span class=\"_ _0\"></span>olidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt.<span class=\"_ _2cb\"> </span>A non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling inter<span class=\"_ _0\"></span>est is th<span class=\"_ _0\"></span>e propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of net as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of the sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y entit<span class=\"_ _0\"></span>y ow<span class=\"_ _0\"></span>ned by share<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>ers ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal to the Group. T<span class=\"_ _0\"></span>he value of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling inte<span class=\"_ _0\"></span>rest<span class=\"_ _0\"></span>s at the acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n date is measure<span class=\"_ _0\"></span>d as the no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts\u2019 pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nate share of net a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s of the acquire<span class=\"_ _0\"></span>e or at fair value. T<span class=\"_ _0\"></span>he choice of m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent basis is d<span class=\"_ _0\"></span>etermine<span class=\"_ _0\"></span>d on an acquis<span class=\"_ _0\"></span>ition<span class=\"_ _0\"></span>-by<span class=\"_ _0\"></span>-acquis<span class=\"_ _0\"></span>ition b<span class=\"_ _0\"></span>asis as pe<span class=\"_ _0\"></span>rmit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 3. Financia<span class=\"_ _0\"></span>l deriv<span class=\"_ _0\"></span>atives in p<span class=\"_ _0\"></span>lace over the r<span class=\"_ _0\"></span>emaining equ<span class=\"_ _0\"></span>ity of a<span class=\"_ _0\"></span>n entit<span class=\"_ _0\"></span>y are taken into account w<span class=\"_ _0\"></span>hen cal<span class=\"_ _0\"></span>culating th<span class=\"_ _0\"></span>e propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ionate share of the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling intere<span class=\"_ _0\"></span>st.<span class=\"_ _2cb\"> </span>Any contin<span class=\"_ _0\"></span>gent consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n is measure<span class=\"_ _0\"></span>d at fair value at the d<span class=\"_ _0\"></span>ate of acquisit<span class=\"_ _0\"></span>ion. Subs<span class=\"_ _0\"></span>equent cha<span class=\"_ _0\"></span>nges to the fair v<span class=\"_ _0\"></span>alue of conting<span class=\"_ _0\"></span>ent consid<span class=\"_ _0\"></span>eration ar<span class=\"_ _0\"></span>e recognis<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Cost<span class=\"_ _0\"></span>s related to the a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>on, other than t<span class=\"_ _0\"></span>hose a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the issu<span class=\"_ _0\"></span>e of debt<span class=\"_ _0\"></span>, that the Gro<span class=\"_ _0\"></span>up incurs i<span class=\"_ _0\"></span>n connec<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>ith a busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>ination are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nsed as in<span class=\"_ _0\"></span>curred.<span class=\"_ _2cb\"> </span>No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>controlli<span class=\"_ _0\"></span>ng interest<span class=\"_ _0\"></span>s in the n<span class=\"_ _0\"></span>et ass<span class=\"_ _0\"></span>ets of co<span class=\"_ _0\"></span>nsolida<span class=\"_ _0\"></span>ted subsid<span class=\"_ _0\"></span>iaries ar<span class=\"_ _0\"></span>e disting<span class=\"_ _0\"></span>uished fro<span class=\"_ _0\"></span>m the equit<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>tribu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e to holde<span class=\"_ _0\"></span>rs of the Parent. T<span class=\"_ _0\"></span>he value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s the value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contr<span class=\"_ _0\"></span>olling interes<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n the date contro<span class=\"_ _0\"></span>l commen<span class=\"_ _0\"></span>ces adjus<span class=\"_ _0\"></span>ted for the no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts\u2019 shar<span class=\"_ _0\"></span>e of any subseq<span class=\"_ _0\"></span>uent chang<span class=\"_ _0\"></span>es in equit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>ries Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in subsi<span class=\"_ _0\"></span>diaries a<span class=\"_ _0\"></span>re state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt in the value of th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span>Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>king<span class=\"_ _0\"></span>s An as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate is an entit<span class=\"_ _0\"></span>y over w<span class=\"_ _0\"></span>hich the Gro<span class=\"_ _0\"></span>up has signif<span class=\"_ _0\"></span>icant influ<span class=\"_ _0\"></span>ence and that i<span class=\"_ _0\"></span>s neithe<span class=\"_ _0\"></span>r a subsidiar<span class=\"_ _0\"></span>y no<span class=\"_ _0\"></span>r an interes<span class=\"_ _0\"></span>t in a joint arrang<span class=\"_ _0\"></span>ement. Si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant influence is t<span class=\"_ _0\"></span>he powe<span class=\"_ _0\"></span>r to par<span class=\"_ _0\"></span>ticipate in t<span class=\"_ _0\"></span>he financia<span class=\"_ _0\"></span>l and ope<span class=\"_ _0\"></span>rating pol<span class=\"_ _0\"></span>icy d<span class=\"_ _0\"></span>ecisi<span class=\"_ _0\"></span>ons of the inves<span class=\"_ _0\"></span>tee bu<span class=\"_ _0\"></span>t where the Grou<span class=\"_ _0\"></span>p doe<span class=\"_ _0\"></span>s not have control o<span class=\"_ _0\"></span>r joint contro<span class=\"_ _0\"></span>l over tho<span class=\"_ _0\"></span>se poli<span class=\"_ _0\"></span>cies.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies of as<span class=\"_ _0\"></span>sociate<span class=\"_ _0\"></span>s are incorp<span class=\"_ _0\"></span>orated in th<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>dated finan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s using th<span class=\"_ _0\"></span>e equit<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od of accounting. I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates are c<span class=\"_ _0\"></span>arri<span class=\"_ _0\"></span>ed in the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t at cost as a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d for pos<span class=\"_ _0\"></span>t-acquisiti<span class=\"_ _0\"></span>on change<span class=\"_ _0\"></span>s in the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s share of the n<span class=\"_ _0\"></span>et ass<span class=\"_ _0\"></span>ets of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ociate, les<span class=\"_ _0\"></span>s any impair<span class=\"_ _0\"></span>ment in the va<span class=\"_ _0\"></span>lue of the inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>. Any go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill recognis<span class=\"_ _0\"></span>ed on acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n is includ<span class=\"_ _0\"></span>ed in the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>es of the inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt. Impa<span class=\"_ _0\"></span>irment is re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d when t<span class=\"_ _0\"></span>here is obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ev<span class=\"_ _0\"></span>idence t<span class=\"_ _0\"></span>hat a loss e<span class=\"_ _0\"></span>vent (or events) has ar<span class=\"_ _0\"></span>isen w<span class=\"_ _0\"></span>hich adve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>ly impac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the future c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws from th<span class=\"_ _0\"></span>e net inves<span class=\"_ _0\"></span>tment and t<span class=\"_ _0\"></span>herefore pro<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>s evide<span class=\"_ _0\"></span>nce of impair<span class=\"_ _0\"></span>ment. O<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>tive e<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>ce include<span class=\"_ _0\"></span>s obse<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>able dat<span class=\"_ _0\"></span>a abou<span class=\"_ _0\"></span>t the ass<span class=\"_ _0\"></span>ociate tha<span class=\"_ _0\"></span>t comes to th<span class=\"_ _0\"></span>e Group\u2019s attenti<span class=\"_ _0\"></span>on covering t<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s event<span class=\"_ _0\"></span>s des<span class=\"_ _0\"></span>cribe<span class=\"_ _0\"></span>d in IA<span class=\"_ _0\"></span>S 28 Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventures para<span class=\"_ _0\"></span>graphs 4<span class=\"_ _1\"></span>1A to 4<span class=\"_ _2\"></span>1C<span class=\"_ _1\"></span>. Wh<span class=\"_ _0\"></span>ere obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive evid<span class=\"_ _0\"></span>ence ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s an impair<span class=\"_ _0\"></span>ment tes<span class=\"_ _0\"></span>t is per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed whe<span class=\"_ _0\"></span>reby the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of the inves<span class=\"_ _0\"></span>tment is com<span class=\"_ _0\"></span>pared to th<span class=\"_ _0\"></span>e<span class=\"_ gs1\"> </span>recoverab<span class=\"_ _0\"></span>le amount (<span class=\"_ _0\"></span>higher of val<span class=\"_ _0\"></span>ue in use and fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s cost<span class=\"_ _0\"></span>s to sell<span class=\"_ _0\"></span>).<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s share of the po<span class=\"_ _0\"></span>st-ta<span class=\"_ _0\"></span>x profit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) of assoc<span class=\"_ _0\"></span>iates is includ<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement. I<span class=\"_ _0\"></span>f the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s share of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s in an ass<span class=\"_ _0\"></span>ociate equ<span class=\"_ _0\"></span>als or excee<span class=\"_ _0\"></span>ds it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ent in the as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate, the Group do<span class=\"_ _0\"></span>es not re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>e furt<span class=\"_ _0\"></span>her los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, unles<span class=\"_ _0\"></span>s it has incu<span class=\"_ _0\"></span>rred le<span class=\"_ _0\"></span>gal or cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tive ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _0\"></span>ns to do so or ma<span class=\"_ _0\"></span>de pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s on behal<span class=\"_ _0\"></span>f of the ass<span class=\"_ _0\"></span>ociate. Unre<span class=\"_ _0\"></span>alised ga<span class=\"_ _0\"></span>ins arising fro<span class=\"_ _0\"></span>m trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>h asso<span class=\"_ _0\"></span>ciates are e<span class=\"_ _0\"></span>liminated to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent of the Group\u2019s interes<span class=\"_ _0\"></span>t in the entit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>Interest<span class=\"_ _0\"></span>s in joi<span class=\"_ _1\"></span>nt arrangement<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>A joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ent is a contrac<span class=\"_ _0\"></span>tual arran<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt whereby t<span class=\"_ _0\"></span>he Group and o<span class=\"_ _0\"></span>ther par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake an econom<span class=\"_ _0\"></span>ic ac<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>y that is su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t to joint contr<span class=\"_ _0\"></span>ol. Joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ents are e<span class=\"_ _0\"></span>ither j<span class=\"_ _0\"></span>oint ope<span class=\"_ _0\"></span>rations or j<span class=\"_ _0\"></span>oint ventures<span class=\"_ _0\"></span>. Joint<span class=\"_ _1\"></span> operations<span class=\"_ _2cb\"> </span>A joint o<span class=\"_ _0\"></span>peratio<span class=\"_ _0\"></span>n is a joint ar<span class=\"_ _0\"></span>rangeme<span class=\"_ _0\"></span>nt where<span class=\"_ _0\"></span>by the par<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s that have joi<span class=\"_ _0\"></span>nt control have the r<span class=\"_ _0\"></span>ights to t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets, a<span class=\"_ _0\"></span>nd obliga<span class=\"_ _0\"></span>tions for the liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span>, relating to th<span class=\"_ _0\"></span>e arrange<span class=\"_ _0\"></span>ment or oth<span class=\"_ _0\"></span>er fact<span class=\"_ _0\"></span>s and circu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nces indic<span class=\"_ _0\"></span>ate that this is t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>e. The Group\u2019s share of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liabilit<span class=\"_ _0\"></span>ies, rev<span class=\"_ _0\"></span>enue, exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>nd cash fl<span class=\"_ _0\"></span>ows are co<span class=\"_ _0\"></span>mbined w<span class=\"_ _0\"></span>ith the e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ent items in the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts on a lin<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>by-<span class=\"_ _0\"></span>line bas<span class=\"_ _0\"></span>is.<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns eli<span class=\"_ _0\"></span>minate<span class=\"_ _0\"></span>d on co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>ion<span class=\"_ _2cb\"> </span>Intrag<span class=\"_ _0\"></span>roup balance<span class=\"_ _0\"></span>s and trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions, an<span class=\"_ _0\"></span>d any unrealise<span class=\"_ _0\"></span>d gains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s or incom<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s arising from i<span class=\"_ _0\"></span>ntragroup trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions are eliminated in p<span class=\"_ _0\"></span>reparing th<span class=\"_ _0\"></span>e consolida<span class=\"_ _0\"></span>ted financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents.<span class=\"_ _2cb\"> </span>Finan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld a<span class=\"_ _0\"></span>t fair value t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh pro<span class=\"_ _0\"></span>fit an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at fair value thro<span class=\"_ _0\"></span>ugh profit an<span class=\"_ _0\"></span>d loss co<span class=\"_ _0\"></span>mpris<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents in un<span class=\"_ _0\"></span>quoted com<span class=\"_ _0\"></span>panies a<span class=\"_ _0\"></span>nd conver<span class=\"_ _0\"></span>tible l<span class=\"_ _0\"></span>oans mad<span class=\"_ _0\"></span>e to ass<span class=\"_ _0\"></span>ociated u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ings. Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents in unq<span class=\"_ _0\"></span>uoted comp<span class=\"_ _0\"></span>anies are in<span class=\"_ _0\"></span>itially c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at fair value, whe<span class=\"_ _0\"></span>re neithe<span class=\"_ _0\"></span>r control no<span class=\"_ _0\"></span>r signifi<span class=\"_ _0\"></span>cant influen<span class=\"_ _0\"></span>ce is held. T<span class=\"_ _0\"></span>he initial fair va<span class=\"_ _0\"></span>lue is de<span class=\"_ _0\"></span>emed to b<span class=\"_ _0\"></span>e cost wh<span class=\"_ _0\"></span>ere trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are at ar<span class=\"_ _0\"></span>m\u2019<span class=\"_ _1\"></span>s le<span class=\"_ _0\"></span>ngth. Th<span class=\"_ _0\"></span>ey are reme<span class=\"_ _0\"></span>asured at sub<span class=\"_ _0\"></span>seque<span class=\"_ _0\"></span>nt repo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing dates to fair valu<span class=\"_ _0\"></span>e with any chang<span class=\"_ _0\"></span>es reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>tly in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span>Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts that a<span class=\"_ _0\"></span>re compoun<span class=\"_ _0\"></span>d financial ins<span class=\"_ _0\"></span>trum<span class=\"_ _0\"></span>ents fro<span class=\"_ _0\"></span>m the hol<span class=\"_ _0\"></span>der\u2019s per<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive are accounte<span class=\"_ _0\"></span>d for under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. Under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts are h<span class=\"_ _0\"></span>eld at eith<span class=\"_ _0\"></span>er amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t, fair value thro<span class=\"_ _0\"></span>ugh other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e (\u2018F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI\u2019<span class=\"_ _0\"></span>) or fair value thro<span class=\"_ _0\"></span>ugh profit an<span class=\"_ _0\"></span>d loss (\u2018<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>\u2019). In ma<span class=\"_ _0\"></span>king the as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment the Comp<span class=\"_ _0\"></span>any\u2019s busines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el and the cont<span class=\"_ _0\"></span>ractu<span class=\"_ _0\"></span>al terms are as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>gainst the cond<span class=\"_ _0\"></span>itions in I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. Where th<span class=\"_ _0\"></span>e conditi<span class=\"_ _0\"></span>ons for hol<span class=\"_ _0\"></span>ding an ass<span class=\"_ _0\"></span>et at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ised cos<span class=\"_ _0\"></span>t are not me<span class=\"_ _0\"></span>t and whe<span class=\"_ _0\"></span>re no ele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on is made to<span class=\"_ gs1\"> </span>measure a<span class=\"_ _0\"></span>t F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI, F<span class=\"_ _0\"></span>V<span class=\"_ _6\"></span>TP<span class=\"_ _0\"></span>L is the de<span class=\"_ _0\"></span>fault.<span class=\"_ _2cb\"> </span>At initial re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>easured at fair valu<span class=\"_ _0\"></span>e. This is as<span class=\"_ _0\"></span>sumed to b<span class=\"_ _0\"></span>e the trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion pri<span class=\"_ _0\"></span>ce unles<span class=\"_ _0\"></span>s there is ev<span class=\"_ _0\"></span>idence to<span class=\"_ gs1\"> </span>the contrar<span class=\"_ _0\"></span>y. All tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s related to fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s des<span class=\"_ _0\"></span>ignated as at fair va<span class=\"_ _0\"></span>lue through p<span class=\"_ _0\"></span>rofit and lo<span class=\"_ _0\"></span>ss are ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red. Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in unqu<span class=\"_ _0\"></span>oted compani<span class=\"_ _0\"></span>es and conve<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>ble loa<span class=\"_ _0\"></span>ns are class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s Level 3 in th<span class=\"_ _0\"></span>e financial hi<span class=\"_ _0\"></span>erarchy be<span class=\"_ _0\"></span>cause th<span class=\"_ _0\"></span>ere are no obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vable mar<span class=\"_ _0\"></span>ket input<span class=\"_ _0\"></span>s. For t<span class=\"_ _0\"></span>hese as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s unob<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e input<span class=\"_ _0\"></span>s are use<span class=\"_ _0\"></span>d to measure th<span class=\"_ _0\"></span>e range of fair value<span class=\"_ _0\"></span>s, using an in<span class=\"_ _0\"></span>come appro<span class=\"_ _0\"></span>ach to conver<span class=\"_ _0\"></span>t future c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s into pres<span class=\"_ _0\"></span>ent values<span class=\"_ _0\"></span>. Input<span class=\"_ _0\"></span>s into the valu<span class=\"_ _0\"></span>ation mo<span class=\"_ _0\"></span>del inc<span class=\"_ _0\"></span>lude bot<span class=\"_ _0\"></span>h Group forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s and fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>ts from the i<span class=\"_ _0\"></span>nvestee, w<span class=\"_ _0\"></span>ith consid<span class=\"_ _0\"></span>eration g<span class=\"_ _0\"></span>iven to per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance agains<span class=\"_ _0\"></span>t technic<span class=\"_ _0\"></span>al and comm<span class=\"_ _0\"></span>ercial mile<span class=\"_ _0\"></span>stone<span class=\"_ _0\"></span>s. Wh<span class=\"_ _0\"></span>ere there is i<span class=\"_ _0\"></span>nsuff<span class=\"_ _0\"></span>icient informati<span class=\"_ _0\"></span>on to deter<span class=\"_ _0\"></span>mine fair value o<span class=\"_ _0\"></span>r there is a w<span class=\"_ _0\"></span>ide rang<span class=\"_ _0\"></span>e of poss<span class=\"_ _0\"></span>ible fair value m<span class=\"_ _0\"></span>easures<span class=\"_ _0\"></span>, and cost r<span class=\"_ _0\"></span>epres<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>e bes<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>ate in that rang<span class=\"_ _0\"></span>e, then, as per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 9, cost w<span class=\"_ _0\"></span>ill continue to b<span class=\"_ _0\"></span>e used as a p<span class=\"_ _0\"></span>roxy for fair v<span class=\"_ _0\"></span>alue. C<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>st will no<span class=\"_ _0\"></span>t be use<span class=\"_ _0\"></span>d as a prox<span class=\"_ _0\"></span>y if<span class=\"_ _1\"></span>, at the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t date, there is an id<span class=\"_ _0\"></span>entifi<span class=\"_ _0\"></span>ed change i<span class=\"_ _0\"></span>n value, which cou<span class=\"_ _0\"></span>ld be illus<span class=\"_ _0\"></span>trated by signi<span class=\"_ _0\"></span>ficant p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance va<span class=\"_ _0\"></span>riations to p<span class=\"_ _0\"></span>lan or the va<span class=\"_ _0\"></span>lue implie<span class=\"_ _0\"></span>d by subse<span class=\"_ _0\"></span>quent fundi<span class=\"_ _0\"></span>ng rounds or ot<span class=\"_ _0\"></span>her equit<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls8 ws6 gs300\">Group<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs301\">Mat<span class=\"_ _0\"></span>erial su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>trolling i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t (\u2018N<span class=\"_ _0\"></span>CI\u2019<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs302\">Panjin V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X H<span class=\"_ _0\"></span>igh Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce Materia<span class=\"_ _0\"></span>ls C<span class=\"_ _1\"></span>o., Ltd (\u2018PV<span class=\"_ _6\"></span>Y<span class=\"_ _0\"></span>X\u2019) is a lim<span class=\"_ _0\"></span>ited liabili<span class=\"_ _0\"></span>ty com<span class=\"_ _0\"></span>pany set up fo<span class=\"_ _0\"></span>r the purp<span class=\"_ _0\"></span>ose of th<span class=\"_ _0\"></span>e manufac<span class=\"_ _0\"></span>ture of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs303\">P<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>EK poly<span class=\"_ _0\"></span>mer p<span class=\"_ _0\"></span>owder an<span class=\"_ _0\"></span>d granules, b<span class=\"_ _0\"></span>ased in m<span class=\"_ _0\"></span>ainland China. The G<span class=\"_ _0\"></span>roup continue<span class=\"_ _0\"></span>s to hold a 75% equity i<span class=\"_ _0\"></span>nterest w<span class=\"_ _0\"></span>ith the re<span class=\"_ _0\"></span>maining </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs304\">25<span class=\"_ _1\"></span>% held<span class=\"_ gs1\"> </span>by L<span class=\"_ _0\"></span>iaonin<span class=\"_ _0\"></span>g Xingfu N<span class=\"_ _0\"></span>ew Mate<span class=\"_ _0\"></span>rial Co.<span class=\"_ _1\"></span>, Ltd. (\u2018L<span class=\"_ _0\"></span>X<span class=\"_ _0\"></span>\u2019), whos<span class=\"_ _0\"></span>e company name ha<span class=\"_ _0\"></span>s change<span class=\"_ _0\"></span>d from Ying<span class=\"_ _0\"></span>k<span class=\"_ _1\"></span>ou X<span class=\"_ _0\"></span>ingfu Chemic<span class=\"_ _0\"></span>al Co.<span class=\"_ _1\"></span>, Ltd </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs305\">during F<span class=\"_ _0\"></span>Y<span class=\"_ gs1\"> </span>2023. Consistent w<span class=\"_ _0\"></span>ith pri<span class=\"_ _0\"></span>or year<span class=\"_ _0\"></span>s, with 75% of the voting equ<span class=\"_ _0\"></span>ity a<span class=\"_ _0\"></span>nd the majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of appo<span class=\"_ _0\"></span>intment<span class=\"_ _0\"></span>s on the b<span class=\"_ _0\"></span>oard, th<span class=\"_ _0\"></span>e Group </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs306\">is<span class=\"_ gs1\"> </span>consid<span class=\"_ _0\"></span>ered to have contro<span class=\"_ _0\"></span>l of PV<span class=\"_ _6\"></span>Y<span class=\"_ _0\"></span>X and th<span class=\"_ _0\"></span>erefore it is a<span class=\"_ _0\"></span>ccounted for as a subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent and bala<span class=\"_ _0\"></span>nce shee<span class=\"_ _0\"></span>t of PV<span class=\"_ _6\"></span>Y<span class=\"_ _0\"></span>X </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs307\">are fully co<span class=\"_ _0\"></span>nsolida<span class=\"_ _0\"></span>ted with t<span class=\"_ _0\"></span>he share own<span class=\"_ _0\"></span>ed by L<span class=\"_ _0\"></span>X re<span class=\"_ _0\"></span>presente<span class=\"_ _0\"></span>d by a non<span class=\"_ _0\"></span>-co<span class=\"_ _0\"></span>ntrolling intere<span class=\"_ _0\"></span>st.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs308\">During t<span class=\"_ _0\"></span>he current yea<span class=\"_ _0\"></span>r L<span class=\"_ _0\"></span>X made fu<span class=\"_ _0\"></span>rth<span class=\"_ _0\"></span>er cash in<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>tions in to P<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X<span class=\"_ _0\"></span>, totallin<span class=\"_ _0\"></span>g RMB 22.5m (\u00a32.6m), split as RM<span class=\"_ _0\"></span>B 1<span class=\"_ _1\"></span>5m (\u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.7<span class=\"_ _1\"></span>m) in the form of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs309\">loans a<span class=\"_ _0\"></span>nd fur<span class=\"_ _0\"></span>ther equ<span class=\"_ _0\"></span>ity inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent of RMB 7<span class=\"_ _2\"></span>.5m (\u00a30.9m).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs30a\">In the y<span class=\"_ _0\"></span>ear to 30 Se<span class=\"_ _0\"></span>ptember 2023 th<span class=\"_ _0\"></span>e subsidiar<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>curred a lo<span class=\"_ _0\"></span>ss of \u00a32.6m (F<span class=\"_ _0\"></span>Y 2022: los<span class=\"_ _0\"></span>s of \u00a32.9m)<span class=\"_ _1\"></span>, of whi<span class=\"_ _0\"></span>ch \u00a30.<span class=\"_ _1\"></span>7m (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a30.7<span class=\"_ _1\"></span>m) </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs30b\">is at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able to th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-co<span class=\"_ _0\"></span>ntrolling intere<span class=\"_ _0\"></span>st. T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al non<span class=\"_ _0\"></span>-co<span class=\"_ _0\"></span>ntrolling intere<span class=\"_ _0\"></span>st as at 3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2023 is \u00a32.0m (F<span class=\"_ _0\"></span>Y 2022: \u00a3<span class=\"_ _1\"></span>1.8m)<span class=\"_ _1\"></span>. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs30c\">At<span class=\"_ gs1\"> </span>30<span class=\"_ gs1\"> </span>Septe<span class=\"_ _0\"></span>mber 2023 the su<span class=\"_ _0\"></span>bsidiar<span class=\"_ _0\"></span>y had a<span class=\"_ _0\"></span>ggregate c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al and res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ves of \u00a38.<span class=\"_ _0\"></span>2m (30 Septe<span class=\"_ _0\"></span>mber 2022: \u00a3<span class=\"_ _1\"></span>10.<span class=\"_ _1\"></span>9m).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs30d\">Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ocia<span class=\"_ _0\"></span>tes an<span class=\"_ _0\"></span>d finan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld a<span class=\"_ _0\"></span>t fair value t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh pro<span class=\"_ _0\"></span>fit an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsb3 wsaa gs30e\">Investm<span class=\"_ _0\"></span>ent in<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdd wsd7 gs30f\">associates<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsb3 wsaa gs310\">Financial asset<span class=\"_ _0\"></span>s</div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs311\"> hel<span class=\"_ _0\"></span>d at fair</div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls198 ws19a gs312\"> value through</div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs313\"> pro<span class=\"_ _0\"></span>fit and l<span class=\"_ _0\"></span>oss<span class=\"_ _186\"> </span><span class=\"ls77 ws18e\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs314\">\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _10b\"> </span>\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs315\">Sur<span class=\"_ _0\"></span>face Gene<span class=\"_ _0\"></span>ration L<span class=\"_ _0\"></span>imited<span class=\"_ _203\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"ls9 ws7\">3.5<span class=\"_ _b7\"> </span>3.5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs316\">Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance T<span class=\"_ _1\"></span>echn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y BV<span class=\"_ _204\"> </span><span class=\"lsa6 ws9b\">10<span class=\"_ _0\"></span>.4<span class=\"_ _db\"> </span></span>6.6<span class=\"_ _11a\"> </span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>7.<span class=\"_ _6\"></span>0<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs317\">At 1 Oc<span class=\"_ _0\"></span>tober 2022<span class=\"_ _205\"> </span><span class=\"lsa6 ws9b\">10<span class=\"_ _0\"></span>.4<span class=\"_ _6a\"> </span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _45\"> </span><span class=\"ls6a ws66\">20.5<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs318\">Group\u2019s share of los<span class=\"_ _0\"></span>s of Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance T<span class=\"_ _1\"></span>echn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y BV<span class=\"_ _206\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _d3\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _6\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs319\">Convert<span class=\"_ _0\"></span>ible lo<span class=\"_ _0\"></span>ans issue<span class=\"_ _0\"></span>d to Bond 3D H<span class=\"_ _0\"></span>igh Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce T<span class=\"_ _1\"></span>echno<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>y BV<span class=\"_ _81\"> </span>\u2014 <span class=\"_ _102\"> </span><span class=\"ls29 ws26\">2.9<span class=\"_ _db\"> </span>2.9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs31a\">Intere<span class=\"_ _0\"></span>st on lo<span class=\"_ _0\"></span>ans issue<span class=\"_ _0\"></span>d to Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce T<span class=\"_ _1\"></span>echn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y BV<span class=\"_ _72\"> </span>\u2014 <span class=\"_ _25\"> </span>0.4<span class=\"_ _b7\"> </span>0.4<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs31b\">Los<span class=\"_ _0\"></span>s on financi<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at fair value re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in profit a<span class=\"_ _0\"></span>nd los<span class=\"_ _0\"></span>s \u2013 exchange d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nces<span class=\"_ _207\"> </span>\u2014 <span class=\"_ _8a\"> </span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)<span class=\"_ _8b\"> </span>(0<span class=\"_ _0\"></span>.2)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs31c\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _159\"> </span><span class=\"fc3 lscd wse4\">9<span class=\"_ _6\"></span>.1<span class=\"_ _8b\"> </span><span class=\"ls19 ws16\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _42\"> </span><span class=\"lsfa wsf4\">22.3<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs31d\">Sur<span class=\"_ _0\"></span>face Gene<span class=\"_ _0\"></span>ration L<span class=\"_ _0\"></span>imited<span class=\"_ _203\"> </span>\u2014 <span class=\"_ _25\"> </span><span class=\"ls9 ws7\">3.5<span class=\"_ _b7\"> </span>3.5 </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs31e\">Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance T<span class=\"_ _1\"></span>echn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y BV<span class=\"_ _18d\"> </span><span class=\"ls60 ws5b\">9<span class=\"_ _0\"></span>.1<span class=\"_ _13a\"> </span><span class=\"lsde wsd8\">9<span class=\"_ _0\"></span>.7<span class=\"_ _8b\"> </span><span class=\"ls6c ws68\">18<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs31f\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _159\"> </span><span class=\"fc3 lscd wse4\">9<span class=\"_ _6\"></span>.1<span class=\"_ _8b\"> </span><span class=\"ls19 ws16\">13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _42\"> </span><span class=\"lsfa wsf4\">22.3<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs320\">Bon<span class=\"_ _0\"></span>d 3D Hig<span class=\"_ _0\"></span>h Per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>ce T<span class=\"_ _1\"></span>ec<span class=\"_ _0\"></span>hnol<span class=\"_ _0\"></span>ogy BV (\u2018<span class=\"_ _0\"></span>Bon<span class=\"_ _0\"></span>d\u2019<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs321\">Bond is a co<span class=\"_ _0\"></span>mpany incor<span class=\"_ _0\"></span>porated in t<span class=\"_ _0\"></span>he Ne<span class=\"_ _0\"></span>therlan<span class=\"_ _0\"></span>ds, devel<span class=\"_ _0\"></span>oping uni<span class=\"_ _0\"></span>que, protec<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le 3D pr<span class=\"_ _0\"></span>inting (Ad<span class=\"_ _0\"></span>ditive M<span class=\"_ _0\"></span>anufac<span class=\"_ _0\"></span>turing) proce<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s which </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs322\">are cap<span class=\"_ _0\"></span>able of pro<span class=\"_ _0\"></span>ducing hig<span class=\"_ _0\"></span>h streng<span class=\"_ _0\"></span>th par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s from exi<span class=\"_ _0\"></span>sting gra<span class=\"_ _0\"></span>des of PEEK a<span class=\"_ _0\"></span>nd P<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>EK poly<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s. The inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent offer<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>otential of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs323\">utilisin<span class=\"_ _0\"></span>g this techno<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>y to help accel<span class=\"_ _0\"></span>erate the market ad<span class=\"_ _0\"></span>optio<span class=\"_ _0\"></span>n of 3D printe<span class=\"_ _0\"></span>d PEEK par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, with p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>icular emp<span class=\"_ _0\"></span>hasis on the M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al market. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs324\">The tot<span class=\"_ _0\"></span>al car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing value of a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s held w<span class=\"_ _0\"></span>ith Bo<span class=\"_ _0\"></span>nd as at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 is \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>.8m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022: \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _1\"></span>.0m), comprising inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs325\">in ass<span class=\"_ _0\"></span>ociate of \u00a39.<span class=\"_ _2\"></span>1m (30 Septem<span class=\"_ _0\"></span>ber 2022: \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0.4<span class=\"_ _0\"></span>m) and conver<span class=\"_ _0\"></span>tible lo<span class=\"_ _0\"></span>an notes of \u00a39.7<span class=\"_ _1\"></span>m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022: \u00a3<span class=\"_ _1\"></span>6.6m). </div><div class=\"t m0 h7 ff31 fs4 fc3 sc0 ls1c ws1a gs326\">Investme<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span> in asso<span class=\"_ _0\"></span>ciate </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs327\">The G<span class=\"_ _0\"></span>roup\u2019s investme<span class=\"_ _0\"></span>nt in the ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re capit<span class=\"_ _0\"></span>al of Bon<span class=\"_ _0\"></span>d at 30 Se<span class=\"_ _0\"></span>ptember 2023 is \u20ac14.<span class=\"_ _1\"></span>7m/\u00a31<span class=\"_ _2\"></span>2.8m (24.5%<span class=\"_ _2\"></span>) at cos<span class=\"_ _0\"></span>t (30 S<span class=\"_ _0\"></span>eptembe<span class=\"_ _0\"></span>r </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs328\">2022: same), with a car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing value of \u00a39.<span class=\"_ _2\"></span>1m (30 Septem<span class=\"_ _0\"></span>ber 2022: \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0.4<span class=\"_ _0\"></span>m) which includ<span class=\"_ _0\"></span>es the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of the Group\u2019s share of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s since </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs329\">invest<span class=\"_ _0\"></span>ment. Bo<span class=\"_ _0\"></span>nd\u2019s share cap<span class=\"_ _0\"></span>ital consi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s sole<span class=\"_ _0\"></span>ly of ordinar<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>es. Fo<span class=\"_ _0\"></span>r the year to 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 Bond ma<span class=\"_ _0\"></span>de a los<span class=\"_ _0\"></span>s of \u00a35.3m of which </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs32a\">the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s share of B<span class=\"_ _0\"></span>ond\u2019s los<span class=\"_ _0\"></span>ses wa<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.3m (30<span class=\"_ gs1\"> </span>S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022: Bond los<span class=\"_ _0\"></span>s of \u00a34.0m, Group\u2019s share \u00a31<span class=\"_ _2\"></span>.0<span class=\"_ _0\"></span>m)<span class=\"_ _1\"></span>. At 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 Bond </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs32b\">had agg<span class=\"_ _0\"></span>regate ca<span class=\"_ _0\"></span>pital a<span class=\"_ _0\"></span>nd reser<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s of \u00a33.8m (3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber 2022 - \u00a39.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m). As th<span class=\"_ _0\"></span>e Group is consi<span class=\"_ _0\"></span>dered to have s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant influence, bu<span class=\"_ _0\"></span>t </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs32c\">not contro<span class=\"_ _0\"></span>l, in Bond, the i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ent continues to b<span class=\"_ _0\"></span>e accounted for a<span class=\"_ _0\"></span>s an ass<span class=\"_ _0\"></span>ociate using t<span class=\"_ _0\"></span>he equit<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>hod wi<span class=\"_ _0\"></span>th the inves<span class=\"_ _0\"></span>tment b<span class=\"_ _0\"></span>eing hel<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs32d\">at cos<span class=\"_ _0\"></span>t less p<span class=\"_ _0\"></span>ost-a<span class=\"_ _0\"></span>cquisitio<span class=\"_ _0\"></span>n loss<span class=\"_ _0\"></span>es and sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to impair<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff31 fs4 fc3 sc0 ls6 ws0 gs32e\">Conver<span class=\"_ _0\"></span>tibl<span class=\"_ _0\"></span>e loan notes (\u2018C<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>As\u2019) du<span class=\"_ _0\"></span>e from Bo<span class=\"_ _0\"></span>nd<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs32f\">The G<span class=\"_ _0\"></span>roup has als<span class=\"_ _0\"></span>o been p<span class=\"_ _0\"></span>roviding re<span class=\"_ _0\"></span>gular ca<span class=\"_ _0\"></span>sh injec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to Bond in the fo<span class=\"_ _0\"></span>rm of CL<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s. The CL<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s are co<span class=\"_ _0\"></span>nvert<span class=\"_ _0\"></span>ible into ordi<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y shares </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs330\">of Bond, a<span class=\"_ _0\"></span>t the Group\u2019s optio<span class=\"_ _0\"></span>n, or are to be re<span class=\"_ _0\"></span>paid by Bon<span class=\"_ _0\"></span>d on or be<span class=\"_ _0\"></span>fore the end of th<span class=\"_ _0\"></span>e five<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>r agreed te<span class=\"_ _0\"></span>rm. Th<span class=\"_ _0\"></span>e majori<span class=\"_ _0\"></span>ty of th<span class=\"_ _0\"></span>e CL<span class=\"_ _0\"></span>As </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs331\">accrue inte<span class=\"_ _0\"></span>rest w<span class=\"_ _0\"></span>hich is accumula<span class=\"_ _0\"></span>ted into the valu<span class=\"_ _0\"></span>e of the CL<span class=\"_ _0\"></span>A and at<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he sam<span class=\"_ _0\"></span>e conversi<span class=\"_ _0\"></span>on right<span class=\"_ _0\"></span>s as the pr<span class=\"_ _0\"></span>incipal. T<span class=\"_ _0\"></span>he CL<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s have </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs332\">preferent<span class=\"_ _0\"></span>ial treatm<span class=\"_ _0\"></span>ent to the ordina<span class=\"_ _0\"></span>ry e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y in an exi<span class=\"_ _0\"></span>t scenari<span class=\"_ _0\"></span>o. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs333\">The co<span class=\"_ _0\"></span>nver<span class=\"_ _0\"></span>tible lo<span class=\"_ _0\"></span>an notes du<span class=\"_ _0\"></span>e from Bon<span class=\"_ _0\"></span>d as at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023 are as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs334\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsb4 wsab gs335\">rate<span class=\"_ _43\"> </span><span class=\"lsb3 wsaa\">Principal<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs336\">A<span class=\"_ _0\"></span>s at </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs337\">1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsda wsd4 gs338\">2022<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs339\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls19e ws19f gs33a\">accru<span class=\"_ _0\"></span>ed<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls19f ws1a0 gs33b\">CL<span class=\"_ _0\"></span>A </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsb4 wsab gs33c\">drawdow<span class=\"_ _0\"></span>n<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs33d\">Currency </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs33e\">movement<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls6 ws0 gs33f\">As a<span class=\"_ _0\"></span>t </div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls6 ws0 gs340\">30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er </div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 lsd8 wsd1 gs341\">2023<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs342\">Convertible loan no<span class=\"_ _1\"></span>te agreements<span class=\"_ _208\"> </span><span class=\"ls6 ws0\">%<span class=\"_ _ee\"> </span><span class=\"ls136 ws12d\">\u20acm<span class=\"_ _90\"> </span>\u20acm<span class=\"_ _90\"> </span>\u20acm<span class=\"_ _5e\"> </span>\u20acm<span class=\"_ _90\"> </span>\u20acm<span class=\"_ _ee\"> </span><span class=\"ff27 ls1a0 ws1a1\">\u20acm<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1e ws1c gs343\">CL<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> 1<span class=\"_ _209\"> </span><span class=\"ls9 ws7\">3.0<span class=\"_ _b7\"> </span><span class=\"ls6 ws0\">0.3<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>3<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _106\"> </span><span class=\"ff27 ls17 ws14\">0.3<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6a ws66 gs344\">2020 CL<span class=\"_ _0\"></span>A<span class=\"_ _7d\"> </span><span class=\"ls16 wsc1\">n<span class=\"_ _0\"></span>/a<span class=\"_ _db\"> </span><span class=\"ls29 ws26\">2.0<span class=\"_ _b7\"> </span>2.<span class=\"_ _0\"></span>0<span class=\"_ _10b\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _186\"> </span><span class=\"ff27 ls12d ws125\">2.0<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls126 ws11f gs345\">20<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span> CL<span class=\"_ _5\"></span>A<span class=\"_ _7d\"> </span><span class=\"lse wsc\">6.0<span class=\"_ _b7\"> </span><span class=\"lsde wsd8\">6<span class=\"_ _0\"></span>.7<span class=\"_ _13a\"> </span><span class=\"ls60 ws5b\">5<span class=\"_ _6\"></span>.1<span class=\"_ _13a\"> </span><span class=\"ls6 ws0\">0.4<span class=\"_ _db\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>9<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _b7\"> </span><span class=\"ff27 lscd wse4\">7.<span class=\"_ _5\"></span>4<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1e ws1c gs346\">202<span class=\"_ _0\"></span>3 CL<span class=\"_ _0\"></span>A<span class=\"_ _7d\"> </span><span class=\"lse wsc\">6.0<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">3<span class=\"_ _6\"></span>.1<span class=\"_ _ee\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>5<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _b7\"> </span><span class=\"ff27 ls7f ws70\">1.5<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 lsd4 wscb gs347\">To<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> (<span class=\"_ _0\"></span>\u20ac<span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>)<span class=\"_ _20a\"> </span><span class=\"fc3 lscd wse4\">7.<span class=\"_ _6\"></span>4<span class=\"_ _b7\"> </span><span class=\"ls17 ws14\">0.4<span class=\"_ _106\"> </span><span class=\"ls12d ws125\">3.4<span class=\"_ _62\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _ad\"> </span><span class=\"lse1 wsdb\">11<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs348\">T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al (\u00a3m)<span class=\"_ _20b\"> </span><span class=\"fc3 lsc wsa\">6.6<span class=\"_ _186\"> </span><span class=\"ls17 ws14\">0.<span class=\"_ _0\"></span>4<span class=\"_ _186\"> </span></span>2.9<span class=\"_ _6a\"> </span><span class=\"lse wsc\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _25\"> </span><span class=\"ls6d wsc6\">9.7<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs34a\">Unde<span class=\"_ _0\"></span>r the 2023 CL<span class=\"_ _0\"></span>A a fur<span class=\"_ _0\"></span>ther \u20ac1<span class=\"_ _1\"></span>.6m w<span class=\"_ _0\"></span>ill be ad<span class=\"_ _0\"></span>vanced to Bo<span class=\"_ _0\"></span>nd, subje<span class=\"_ _0\"></span>ct to th<span class=\"_ _0\"></span>e satis<span class=\"_ _0\"></span>factor<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mpleti<span class=\"_ _0\"></span>on of pre<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>determ<span class=\"_ _0\"></span>ined mile<span class=\"_ _0\"></span>stone<span class=\"_ _0\"></span>s, whic<span class=\"_ _0\"></span>h </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs34b\">are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e complete<span class=\"_ _0\"></span>d during F<span class=\"_ _0\"></span>Y 2024. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs34c\">If all th<span class=\"_ _0\"></span>e CL<span class=\"_ _0\"></span>As a<span class=\"_ _0\"></span>re fully conver<span class=\"_ _0\"></span>ted to e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, includin<span class=\"_ _0\"></span>g the accumulate<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t, Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x\u2019s owner<span class=\"_ _0\"></span>ship interes<span class=\"_ _0\"></span>t will incr<span class=\"_ _0\"></span>ease to 45.5<span class=\"_ _1\"></span>%.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs34d\">The CL<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s in Bo<span class=\"_ _0\"></span>nd do not m<span class=\"_ _0\"></span>eet the c<span class=\"_ _0\"></span>riteria to b<span class=\"_ _0\"></span>e classif<span class=\"_ _0\"></span>ied as am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tised co<span class=\"_ _0\"></span>st nor F<span class=\"_ _6\"></span>V<span class=\"_ _0\"></span>TOCI, a<span class=\"_ _0\"></span>s the cash f<span class=\"_ _0\"></span>lows a<span class=\"_ _0\"></span>re not sol<span class=\"_ _0\"></span>ely pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs34e\">princi<span class=\"_ _0\"></span>pal and intere<span class=\"_ _0\"></span>st due to th<span class=\"_ _0\"></span>e exis<span class=\"_ _0\"></span>tence of conver<span class=\"_ _0\"></span>sion ri<span class=\"_ _0\"></span>ghts an<span class=\"_ _0\"></span>d are therefore c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ied as F<span class=\"_ _0\"></span>V<span class=\"_ _6\"></span>TP<span class=\"_ _0\"></span>L. T<span class=\"_ _0\"></span>he transa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion value is co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs34f\">material<span class=\"_ _0\"></span>ly equal to th<span class=\"_ _0\"></span>e fair value of the co<span class=\"_ _0\"></span>nvert<span class=\"_ _0\"></span>ible lo<span class=\"_ _0\"></span>an for initial re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs350\">In the a<span class=\"_ _0\"></span>bsence o<span class=\"_ _0\"></span>f an arm\u2019s length trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion in t<span class=\"_ _0\"></span>he equit<span class=\"_ _0\"></span>y of Bo<span class=\"_ _0\"></span>nd there rema<span class=\"_ _0\"></span>ins a lack of ob<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e market input<span class=\"_ _0\"></span>s for subse<span class=\"_ _0\"></span>quent fair </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs351\">value as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment<span class=\"_ _0\"></span>s which re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s in the inst<span class=\"_ _0\"></span>rument cont<span class=\"_ _0\"></span>inuing to be clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as Level 3 (<span class=\"_ _0\"></span>see note 16). No gains or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es on the va<span class=\"_ _0\"></span>luation </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs352\">of<span class=\"_ gs1\"> </span>the CL<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en reco<span class=\"_ _0\"></span>gnised in t<span class=\"_ _0\"></span>he year (F<span class=\"_ _0\"></span>Y 2022: same). The us<span class=\"_ _0\"></span>e of unob<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e input<span class=\"_ _0\"></span>s in measur<span class=\"_ _0\"></span>ing fair value is dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed bel<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>.</div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs353\"> Crit<span class=\"_ _0\"></span>ical ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and key so<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y in re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n to the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value o<span class=\"_ _0\"></span>f inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent in a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ociat<span class=\"_ _0\"></span>e </div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs354\">in Bon<span class=\"_ _0\"></span>d and fa<span class=\"_ _0\"></span>ir value o<span class=\"_ _0\"></span>f conver<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ble lo<span class=\"_ _0\"></span>an not<span class=\"_ _0\"></span>es du<span class=\"_ _0\"></span>e from B<span class=\"_ _0\"></span>ond<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs355\">The c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying va<span class=\"_ _0\"></span>lue of inves<span class=\"_ _0\"></span>tment in as<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>te in Bond and t<span class=\"_ _0\"></span>he fair value of conve<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>ble loa<span class=\"_ _0\"></span>n notes due fro<span class=\"_ _0\"></span>m Bond (tog<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e \u2018<span class=\"_ _1\"></span>ass<span class=\"_ _0\"></span>ets in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs356\">Bond<span class=\"_ _0\"></span>\u2019) both re<span class=\"_ _0\"></span>quire the us<span class=\"_ _0\"></span>e of judge<span class=\"_ _0\"></span>ment and e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s. Whil<span class=\"_ _0\"></span>e the basis o<span class=\"_ _0\"></span>f measurem<span class=\"_ _0\"></span>ent for each is d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nt, as noted a<span class=\"_ _0\"></span>bove, given th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls22 ws0 gs357\">relati<span class=\"_ _0\"></span>ve immaturit<span class=\"_ _0\"></span>y of Bo<span class=\"_ _0\"></span>nd, both as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment<span class=\"_ _0\"></span>s are dep<span class=\"_ _0\"></span>ende<span class=\"_ _0\"></span>nt on the de<span class=\"_ _0\"></span>liver<span class=\"_ _0\"></span>y of the co<span class=\"_ _0\"></span>mpany\u2019s strate<span class=\"_ _0\"></span>gy and th<span class=\"_ _0\"></span>e inherent unce<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aintie<span class=\"_ _0\"></span>s therein.<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs358\">The c<span class=\"_ _0\"></span>leares<span class=\"_ _0\"></span>t evid<span class=\"_ _0\"></span>ence of car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying value of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets in B<span class=\"_ _0\"></span>ond would b<span class=\"_ _0\"></span>e an arm\u2019s lengt<span class=\"_ _0\"></span>h transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in the equ<span class=\"_ _0\"></span>ity of B<span class=\"_ _0\"></span>ond; however, due </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs359\">to the market con<span class=\"_ _0\"></span>ditions a<span class=\"_ _0\"></span>nd the Bon<span class=\"_ _0\"></span>d board<span class=\"_ _0\"></span>\u2019s decisio<span class=\"_ _0\"></span>n to obtain a<span class=\"_ _0\"></span>dditio<span class=\"_ _0\"></span>nal funding fro<span class=\"_ _0\"></span>m exis<span class=\"_ _0\"></span>ting shareh<span class=\"_ _0\"></span>older<span class=\"_ _0\"></span>s until th<span class=\"_ _0\"></span>e perceive<span class=\"_ _0\"></span>d risk </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs35a\">in<span class=\"_ gs1\"> </span>the com<span class=\"_ _0\"></span>pany has reduce<span class=\"_ _0\"></span>d follow<span class=\"_ _0\"></span>ing deliv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>y of key milesto<span class=\"_ _0\"></span>nes, no su<span class=\"_ _0\"></span>ch evid<span class=\"_ _0\"></span>ence exis<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs35b\">In the a<span class=\"_ _0\"></span>bsence o<span class=\"_ _0\"></span>f this evid<span class=\"_ _0\"></span>ence and a la<span class=\"_ _0\"></span>ck of other ob<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e market input<span class=\"_ _0\"></span>s the as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment is ba<span class=\"_ _0\"></span>sed on t<span class=\"_ _0\"></span>he future fore<span class=\"_ _0\"></span>cast<span class=\"_ _0\"></span>s for the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs35c\">busine<span class=\"_ _0\"></span>ss wit<span class=\"_ _0\"></span>h the app<span class=\"_ _0\"></span>licati<span class=\"_ _0\"></span>on of a numbe<span class=\"_ _0\"></span>r of scenari<span class=\"_ _0\"></span>os to provid<span class=\"_ _0\"></span>e a range of p<span class=\"_ _0\"></span>otential outcom<span class=\"_ _0\"></span>es whi<span class=\"_ _0\"></span>ch are used to b<span class=\"_ _0\"></span>oth ass<span class=\"_ _0\"></span>ess for </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs35d\">indic<span class=\"_ _0\"></span>ators of im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt of the ass<span class=\"_ _0\"></span>ociate an<span class=\"_ _0\"></span>d to determi<span class=\"_ _0\"></span>ne the rang<span class=\"_ _0\"></span>e of fair values for t<span class=\"_ _0\"></span>he conver<span class=\"_ _0\"></span>tible l<span class=\"_ _0\"></span>oan note<span class=\"_ _0\"></span>s. In maki<span class=\"_ _0\"></span>ng this </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs35e\">ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent the st<span class=\"_ _0\"></span>atus of eac<span class=\"_ _0\"></span>h of the key miles<span class=\"_ _0\"></span>tones id<span class=\"_ _0\"></span>entifi<span class=\"_ _0\"></span>ed as dri<span class=\"_ _0\"></span>ving the bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s valuation ha<span class=\"_ _0\"></span>s been co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>ssumpti<span class=\"_ _0\"></span>ons on the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs35f\">discou<span class=\"_ _0\"></span>nt rate have also be<span class=\"_ _0\"></span>en consid<span class=\"_ _0\"></span>ered in d<span class=\"_ _0\"></span>etermining t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss valuati<span class=\"_ _0\"></span>on range.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls9 ws0 gs360\">The d<span class=\"_ _0\"></span>eliver<span class=\"_ _0\"></span>y of t<span class=\"_ _0\"></span>he strate<span class=\"_ _0\"></span>gy relie<span class=\"_ _0\"></span>s on key miles<span class=\"_ _0\"></span>tones b<span class=\"_ _0\"></span>eing met in t<span class=\"_ _0\"></span>he optimis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the techn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, regul<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>y approval b<span class=\"_ _0\"></span>eing obt<span class=\"_ _0\"></span>ained<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls9 ws0 gs361\">from the r<span class=\"_ _0\"></span>elevant me<span class=\"_ _0\"></span>dical a<span class=\"_ _0\"></span>uthori<span class=\"_ _0\"></span>ty for t<span class=\"_ _0\"></span>he resultin<span class=\"_ _0\"></span>g produc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and succes<span class=\"_ _0\"></span>sful comm<span class=\"_ _0\"></span>ercialis<span class=\"_ _0\"></span>ation. T<span class=\"_ _0\"></span>he CL<span class=\"_ _0\"></span>A 2023 funding is suf<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>ent to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls9 ws0 gs362\">fund the b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s through to mid<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 202<span class=\"_ _1\"></span>4 at w<span class=\"_ _0\"></span>hich po<span class=\"_ _0\"></span>int additi<span class=\"_ _0\"></span>onal funding i<span class=\"_ _0\"></span>s required to d<span class=\"_ _0\"></span>eliver th<span class=\"_ _0\"></span>e strateg<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Work o<span class=\"_ _0\"></span>n delive<span class=\"_ _0\"></span>ring the<span class=\"_ _0\"></span>se </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls9 ws0 gs363\">miles<span class=\"_ _0\"></span>tones w<span class=\"_ _0\"></span>as in progre<span class=\"_ _0\"></span>ss at the 3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber 2023, with t<span class=\"_ _0\"></span>he outcome n<span class=\"_ _0\"></span>ot neces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>ily bein<span class=\"_ _0\"></span>g clear until ea<span class=\"_ _0\"></span>rly in 2024, or later for the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls9 ws0 gs364\">succes<span class=\"_ _0\"></span>sful comm<span class=\"_ _0\"></span>ercialisa<span class=\"_ _0\"></span>tion. T<span class=\"_ _0\"></span>he current fun<span class=\"_ _0\"></span>ding market for earl<span class=\"_ _0\"></span>y st<span class=\"_ _0\"></span>age techn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y compani<span class=\"_ _0\"></span>es remains d<span class=\"_ _0\"></span>iff<span class=\"_ _0\"></span>icult, and t<span class=\"_ _0\"></span>herefore as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sing </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls9 ws0 gs365\">the fair valu<span class=\"_ _0\"></span>e of Bond, al<span class=\"_ _0\"></span>ong with a<span class=\"_ _0\"></span>ny impac<span class=\"_ _0\"></span>t on the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying val<span class=\"_ _0\"></span>ue of Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x\u2019s investme<span class=\"_ _0\"></span>nt, require<span class=\"_ _0\"></span>s signifi<span class=\"_ _0\"></span>cant judg<span class=\"_ _0\"></span>ement and<span class=\"_ gs1\"> </span>e<span class=\"_ _0\"></span>stimat<span class=\"_ _0\"></span>ion. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs366\">Using th<span class=\"_ _0\"></span>e Bond st<span class=\"_ _0\"></span>rategic pl<span class=\"_ _0\"></span>an and forec<span class=\"_ _0\"></span>ast, t<span class=\"_ _0\"></span>he boa<span class=\"_ _0\"></span>rd of Bond has d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>ped a busin<span class=\"_ _0\"></span>ess val<span class=\"_ _0\"></span>uation ba<span class=\"_ _0\"></span>sed on d<span class=\"_ _0\"></span>iscounting fu<span class=\"_ _0\"></span>ture cash </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs367\">flow<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e valuatio<span class=\"_ _0\"></span>n takes into account th<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s in the deli<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>y of the pla<span class=\"_ _0\"></span>n and includ<span class=\"_ _0\"></span>es a numbe<span class=\"_ _0\"></span>r of unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vable inp<span class=\"_ _0\"></span>ut assum<span class=\"_ _0\"></span>ptions </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs368\">that market pa<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>cipant<span class=\"_ _0\"></span>s would us<span class=\"_ _0\"></span>e when valu<span class=\"_ _0\"></span>ing the busin<span class=\"_ _0\"></span>ess, in<span class=\"_ _0\"></span>cluding, for e<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>e, the total ad<span class=\"_ _0\"></span>dress<span class=\"_ _0\"></span>able ma<span class=\"_ _0\"></span>rket, level of ma<span class=\"_ _0\"></span>rket </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs369\">pen<span class=\"_ _0\"></span>etration a<span class=\"_ _0\"></span>chievab<span class=\"_ _0\"></span>le and indus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>th rate<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs36a\">Manag<span class=\"_ _0\"></span>ement has a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssed a ra<span class=\"_ _0\"></span>nge of po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e outcomes a<span class=\"_ _0\"></span>round the B<span class=\"_ _0\"></span>ond busine<span class=\"_ _0\"></span>ss valuat<span class=\"_ _0\"></span>ion by var<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g k<span class=\"_ _1\"></span>ey in<span class=\"_ _0\"></span>puts<span class=\"_ _0\"></span>, which w<span class=\"_ _0\"></span>ill have the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs36b\">large<span class=\"_ _0\"></span>st impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>n the valuati<span class=\"_ _0\"></span>on over the n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths, inclu<span class=\"_ _0\"></span>ding a delay to a<span class=\"_ _0\"></span>chievin<span class=\"_ _0\"></span>g the techn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y optimis<span class=\"_ _0\"></span>ation r<span class=\"_ _0\"></span>equired to make </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs36c\">the pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts comm<span class=\"_ _0\"></span>ercially v<span class=\"_ _0\"></span>iable an<span class=\"_ _0\"></span>d a delay to obt<span class=\"_ _0\"></span>aining reg<span class=\"_ _0\"></span>ulator<span class=\"_ _0\"></span>y approv<span class=\"_ _0\"></span>al, a delay to the g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>th in sal<span class=\"_ _0\"></span>es forec<span class=\"_ _0\"></span>ast, a<span class=\"_ _0\"></span>n increas<span class=\"_ _0\"></span>e in the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs36d\">discou<span class=\"_ _0\"></span>nt rate applie<span class=\"_ _0\"></span>d and a reduc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on in the as<span class=\"_ _0\"></span>sumed ter<span class=\"_ _0\"></span>minal grow<span class=\"_ _0\"></span>th rate. A<span class=\"_ gs1\"> </span>rang<span class=\"_ _0\"></span>e of potential o<span class=\"_ _0\"></span>utcomes is il<span class=\"_ _0\"></span>lustrated b<span class=\"_ _0\"></span>elow n<span class=\"_ _0\"></span>oting that </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs36e\">addi<span class=\"_ _0\"></span>tional fund<span class=\"_ _0\"></span>ing is require<span class=\"_ _0\"></span>d by mid F<span class=\"_ _0\"></span>Y 2024 across all s<span class=\"_ _0\"></span>cenario<span class=\"_ _0\"></span>s:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs36f\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs370\">Scenar<span class=\"_ _0\"></span>io 1 \u2013 The s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>y is deli<span class=\"_ _0\"></span>vered in full w<span class=\"_ _0\"></span>hich bas<span class=\"_ _0\"></span>ed on the s<span class=\"_ _0\"></span>trategi<span class=\"_ _0\"></span>c forecas<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s would value t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss in exces<span class=\"_ _0\"></span>s of the cur<span class=\"_ _0\"></span>rent </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs371\">carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing value re<span class=\"_ _0\"></span>sulting in an inc<span class=\"_ _0\"></span>rease in th<span class=\"_ _0\"></span>e fair value of the co<span class=\"_ _0\"></span>nvert<span class=\"_ _0\"></span>ible lo<span class=\"_ _0\"></span>an notes.</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs372\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs373\">Scenar<span class=\"_ _0\"></span>io 2 \u2013 The s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>y is deli<span class=\"_ _0\"></span>vered, but w<span class=\"_ _0\"></span>ith a t<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>-year d<span class=\"_ _0\"></span>elay and the d<span class=\"_ _0\"></span>iscount rate inc<span class=\"_ _0\"></span>reased f<span class=\"_ _0\"></span>rom 1<span class=\"_ _1\"></span>2<span class=\"_ _1\"></span>% to 14<span class=\"_ _2\"></span>%. T<span class=\"_ _0\"></span>his t<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>-year </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs374\">delay cove<span class=\"_ _0\"></span>rs mile<span class=\"_ _0\"></span>stone d<span class=\"_ _0\"></span>eliver<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>elays an<span class=\"_ _0\"></span>d sensiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y of the uno<span class=\"_ _0\"></span>bser<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble market inpu<span class=\"_ _0\"></span>ts note<span class=\"_ _0\"></span>d above. In t<span class=\"_ _0\"></span>his scenari<span class=\"_ _0\"></span>o the valuati<span class=\"_ _0\"></span>on is </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs375\">material<span class=\"_ _0\"></span>ly in line wi<span class=\"_ _0\"></span>th the curre<span class=\"_ _0\"></span>nt carr<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value of the a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s in Bon<span class=\"_ _0\"></span>d.</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs376\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs377\">Scenar<span class=\"_ _0\"></span>io 3 \u2013 Bond i<span class=\"_ _0\"></span>s able to gain a<span class=\"_ _0\"></span>dditio<span class=\"_ _0\"></span>nal funding bu<span class=\"_ _0\"></span>t, due to de<span class=\"_ _0\"></span>lays in exe<span class=\"_ _0\"></span>cuting it<span class=\"_ _0\"></span>s st<span class=\"_ _0\"></span>rategy or ot<span class=\"_ _0\"></span>her fac<span class=\"_ _0\"></span>tors, t<span class=\"_ _0\"></span>he valuati<span class=\"_ _0\"></span>on of the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs378\">company is su<span class=\"_ _0\"></span>ch that ex<span class=\"_ _0\"></span>isting sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>ers are s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>antly dilu<span class=\"_ _0\"></span>ted or ex<span class=\"_ _0\"></span>it at a los<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e protec<span class=\"_ _0\"></span>tions a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wit<span class=\"_ _0\"></span>h the conver<span class=\"_ _0\"></span>tib<span class=\"_ _0\"></span>le </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs379\">loan n<span class=\"_ _0\"></span>otes, whi<span class=\"_ _0\"></span>ch have preferen<span class=\"_ _0\"></span>ce on exit o<span class=\"_ _0\"></span>ver equit<span class=\"_ _0\"></span>y, mean that this ba<span class=\"_ _0\"></span>lance is recove<span class=\"_ _0\"></span>rable at c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e (\u00a39.<span class=\"_ _1\"></span>7m<span class=\"_ _1\"></span>) but an </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs37a\">impair<span class=\"_ _0\"></span>ment of the inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent in asso<span class=\"_ _0\"></span>ciate of up to \u00a39.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m is re<span class=\"_ _0\"></span>quired.</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs37b\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs37c\">Scenar<span class=\"_ _0\"></span>io 4 \u2013 The te<span class=\"_ _0\"></span>chnol<span class=\"_ _0\"></span>ogy is sup<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>d and do<span class=\"_ _0\"></span>es not make it to market or fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er ex<span class=\"_ _0\"></span>ternal fund<span class=\"_ _0\"></span>ing cannot b<span class=\"_ _0\"></span>e obta<span class=\"_ _0\"></span>ined and th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs37d\">exis<span class=\"_ _0\"></span>ting share<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>ers de<span class=\"_ _0\"></span>cide n<span class=\"_ _0\"></span>ot to continue fundi<span class=\"_ _0\"></span>ng, which, w<span class=\"_ _0\"></span>ith minimal s<span class=\"_ _0\"></span>aleab<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, would resu<span class=\"_ _0\"></span>lt in the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in Bond hav<span class=\"_ _0\"></span>ing </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs37e\">lit<span class=\"_ _0\"></span>tle or no va<span class=\"_ _0\"></span>lue, incurrin<span class=\"_ _0\"></span>g a write do<span class=\"_ _0\"></span>wn for the Compa<span class=\"_ _0\"></span>ny of up to \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>.8m, consi<span class=\"_ _0\"></span>dered t<span class=\"_ _0\"></span>he wor<span class=\"_ _0\"></span>st cas<span class=\"_ _0\"></span>e outcome. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs37f\">The a<span class=\"_ _0\"></span>nalysi<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>forme<span class=\"_ _0\"></span>d by the Bo<span class=\"_ _0\"></span>ard illustrate<span class=\"_ _0\"></span>s a wid<span class=\"_ _0\"></span>e range of pote<span class=\"_ _0\"></span>ntial outcom<span class=\"_ _0\"></span>es, whi<span class=\"_ _0\"></span>ch is not uncomm<span class=\"_ _0\"></span>on given t<span class=\"_ _0\"></span>he relati<span class=\"_ _0\"></span>ve immaturit<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs380\">of Bond a<span class=\"_ _0\"></span>nd its c<span class=\"_ _0\"></span>urrent st<span class=\"_ _0\"></span>age of d<span class=\"_ _0\"></span>evelop<span class=\"_ _0\"></span>ment. It i<span class=\"_ _0\"></span>s likely to be a long<span class=\"_ _0\"></span>er time p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d, in the abs<span class=\"_ _0\"></span>ence of an ar<span class=\"_ _0\"></span>m\u2019<span class=\"_ _1\"></span>s len<span class=\"_ _0\"></span>gth equit<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs381\">before t<span class=\"_ _0\"></span>he range of o<span class=\"_ _0\"></span>utcomes c<span class=\"_ _0\"></span>an be redu<span class=\"_ _0\"></span>ced to such an ex<span class=\"_ _0\"></span>tent tha<span class=\"_ _0\"></span>t a fair value whi<span class=\"_ _0\"></span>ch is dif<span class=\"_ _0\"></span>ferent to the initi<span class=\"_ _0\"></span>al fair value can b<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs382\">est<span class=\"_ _0\"></span>ablish<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h a suff<span class=\"_ _0\"></span>icient de<span class=\"_ _0\"></span>gree of reli<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>herefore, cos<span class=\"_ _0\"></span>t is conside<span class=\"_ _0\"></span>red to be th<span class=\"_ _0\"></span>e bes<span class=\"_ _0\"></span>t estima<span class=\"_ _0\"></span>te of fair value, sit<span class=\"_ _0\"></span>ting wit<span class=\"_ _0\"></span>hin the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs383\">range of p<span class=\"_ _0\"></span>ossib<span class=\"_ _0\"></span>le outcom<span class=\"_ _0\"></span>es, in line w<span class=\"_ _0\"></span>ith the cr<span class=\"_ _0\"></span>iteria of I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 \u2013 Financial I<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs384\">In und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>taking t<span class=\"_ _0\"></span>he above a<span class=\"_ _0\"></span>nalysis<span class=\"_ _0\"></span>, the Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s have consid<span class=\"_ _0\"></span>ered w<span class=\"_ _0\"></span>hether t<span class=\"_ _0\"></span>here is any obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ev<span class=\"_ _0\"></span>idence th<span class=\"_ _0\"></span>at a loss e<span class=\"_ _0\"></span>vent (or events), </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs385\">which w<span class=\"_ _0\"></span>ould trig<span class=\"_ _0\"></span>ger th<span class=\"_ _0\"></span>e requirem<span class=\"_ _0\"></span>ent to per<span class=\"_ _0\"></span>form an imp<span class=\"_ _0\"></span>airme<span class=\"_ _0\"></span>nt review, as det<span class=\"_ _0\"></span>ailed in I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 28 \u2013 Invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in As<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iates and J<span class=\"_ _0\"></span>oint </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs386\">Ventures, ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023. The Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s have conclud<span class=\"_ _0\"></span>ed that th<span class=\"_ _0\"></span>e challeng<span class=\"_ _0\"></span>es facing Bo<span class=\"_ _0\"></span>nd (for examp<span class=\"_ _0\"></span>le delay<span class=\"_ _0\"></span>s, fur<span class=\"_ _0\"></span>ther </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs387\">funding re<span class=\"_ _0\"></span>quireme<span class=\"_ _0\"></span>nts, etc.) are t<span class=\"_ _0\"></span>ypic<span class=\"_ _0\"></span>al of ex<span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>ences in ear<span class=\"_ _0\"></span>ly st<span class=\"_ _0\"></span>age tec<span class=\"_ _0\"></span>hnolo<span class=\"_ _0\"></span>gy compa<span class=\"_ _0\"></span>nies and t<span class=\"_ _0\"></span>herefore th<span class=\"_ _0\"></span>e requirem<span class=\"_ _0\"></span>ent to per<span class=\"_ _0\"></span>form </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs388\">an<span class=\"_ gs1\"> </span>impai<span class=\"_ _0\"></span>rment rev<span class=\"_ _0\"></span>iew has not b<span class=\"_ _0\"></span>een tr<span class=\"_ _0\"></span>iggere<span class=\"_ _0\"></span>d. The inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent has there<span class=\"_ _0\"></span>fore not be<span class=\"_ _0\"></span>en teste<span class=\"_ _0\"></span>d for impair<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs38a\">Impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f clim<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs38b\">The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e on the M<span class=\"_ _0\"></span>edic<span class=\"_ _0\"></span>al market (pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>y focus of Bon<span class=\"_ _0\"></span>d) is ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e limited, w<span class=\"_ _0\"></span>ith the ap<span class=\"_ _0\"></span>plicat<span class=\"_ _0\"></span>ions </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs38c\">provi<span class=\"_ _0\"></span>ding proven clini<span class=\"_ _0\"></span>cal be<span class=\"_ _0\"></span>nefit<span class=\"_ _0\"></span>s to pati<span class=\"_ _0\"></span>ents in a lo<span class=\"_ _0\"></span>w carb<span class=\"_ _0\"></span>on way<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he use of 3<span class=\"_ _0\"></span>D printed P<span class=\"_ _0\"></span>EEK being de<span class=\"_ _0\"></span>velop<span class=\"_ _0\"></span>ed by Bon<span class=\"_ _0\"></span>d will </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs38d\">only s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve to reduce c<span class=\"_ _0\"></span>arbon u<span class=\"_ _0\"></span>sage t<span class=\"_ _0\"></span>hrough a low<span class=\"_ _0\"></span>er level of wa<span class=\"_ _0\"></span>ste in the ma<span class=\"_ _0\"></span>nufactu<span class=\"_ _0\"></span>ring proce<span class=\"_ _0\"></span>ss and th<span class=\"_ _0\"></span>erefore climate c<span class=\"_ _0\"></span>hange </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs38e\">is not ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to have a n<span class=\"_ _0\"></span>egative i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t on the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying va<span class=\"_ _0\"></span>lue of ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th Bond, inc<span class=\"_ _0\"></span>luding the as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs38f\">investment and<span class=\"_ _1\"></span> the convertible loans.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls42 ws3e gs390\">Company<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls19d wsaa gs391\">Investm<span class=\"_ _0\"></span>ent in<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls9a ws8f gs392\">subsidiaries<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs393\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs394\">Co<span class=\"_ _0\"></span>st and c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>e<span class=\"_ _166\"> </span><span class=\"fc3\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs395\">At 1 Oc<span class=\"_ _0\"></span>tober 2022 and a<span class=\"_ _0\"></span>t 30 Septe<span class=\"_ _0\"></span>mber 2023<span class=\"_ _20c\"> </span><span class=\"lse2 wsdc\">131<span class=\"_ _0\"></span>.9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs396\">The Comp<span class=\"_ _0\"></span>any has conside<span class=\"_ _0\"></span>red impair<span class=\"_ _0\"></span>ment of it<span class=\"_ _0\"></span>s inves<span class=\"_ _0\"></span>tment in subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e result<span class=\"_ _0\"></span>s of the impa<span class=\"_ _0\"></span>irment te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s desc<span class=\"_ _0\"></span>ribed in n<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>0 have </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs397\">be<span class=\"_ _0\"></span>en used in t<span class=\"_ _0\"></span>his conside<span class=\"_ _0\"></span>ration. Gi<span class=\"_ _0\"></span>ven the re<span class=\"_ _0\"></span>sults of t<span class=\"_ _0\"></span>hose te<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s, the Dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs do n<span class=\"_ _0\"></span>ot consider t<span class=\"_ _0\"></span>hat the ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ying value of t<span class=\"_ _0\"></span>he Company\u2019s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs398\">investm<span class=\"_ _0\"></span>ent in subsidiarie<span class=\"_ _0\"></span>s has been imp<span class=\"_ _0\"></span>aired.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs399\">The fo<span class=\"_ _0\"></span>llowing is a f<span class=\"_ _0\"></span>ull list of th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany\u2019s interes<span class=\"_ _0\"></span>ts:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls8b ws81 gs39a\">Compan<span class=\"_ _1\"></span>y number<span class=\"_ _4f\"> </span><span class=\"lsdd wsd7\">C<span class=\"_ _1\"></span>ompany st<span class=\"_ _0\"></span>atus<span class=\"_ _1f2\"> </span><span class=\"ls6 ws0\">Regi<span class=\"_ _0\"></span>ster<span class=\"_ _0\"></span>ed of<span class=\"_ _0\"></span>fice a<span class=\"_ _0\"></span>ddre<span class=\"_ _0\"></span>ss </span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls20 ws0 gs39b\">Wh<span class=\"_ _0\"></span>olly ow<span class=\"_ _0\"></span>ned su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ry u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aki<span class=\"_ _0\"></span>ngs<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs39c\">Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x Manufac<span class=\"_ _0\"></span>turing L<span class=\"_ _0\"></span>imited</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs39d\">1</div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs39e\"> <span class=\"_ _36\"> </span><span class=\"ls6c ws68\">28<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>018<span class=\"_ _12a\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading entity<span class=\"_ _e3\"> </span>Victrex T<span class=\"_ _1\"></span>echnology Centr<span class=\"_ _1\"></span>e,<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs39f\">Hillhous<span class=\"_ _0\"></span>e Internati<span class=\"_ _0\"></span>onal,<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs3a0\">Thornton C<span class=\"_ _1\"></span>leveleys,<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3a1\">L<span class=\"_ _0\"></span>ancashir<span class=\"_ _0\"></span>e F<span class=\"_ _0\"></span>Y5 4Q<span class=\"_ _0\"></span>D, UK<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6d wsc6 gs3a2\">Inv<span class=\"_ _0\"></span>ibio L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs3a3\">1<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls178 ws17b gs3a4\">4088050<span class=\"_ _f5\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _2\"></span>rading entity<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3a5\">Invib<span class=\"_ _0\"></span>io Kne<span class=\"_ _0\"></span>es Lim<span class=\"_ _0\"></span>ited<span class=\"_ _20d\"> </span><span class=\"lsdf wsd9\">814<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>0<span class=\"_ _12a\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading en<span class=\"_ _1\"></span>tit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3a6\">Invib<span class=\"_ _0\"></span>io Dev<span class=\"_ _0\"></span>ice Component </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1c ws1a gs3a7\">Manufacturing Limited<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lse2 wsdc gs3a8\">8<span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _20e\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6f ws142 gs3a9\">Juvo<span class=\"_ _0\"></span>ra Limite<span class=\"_ _0\"></span>d<span class=\"_ _20f\"> </span><span class=\"lsdf wsd9\">814<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading en<span class=\"_ _1\"></span>tit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs3aa\">Vic<span class=\"_ _0\"></span>trex Tr<span class=\"_ _1\"></span>ad<span class=\"_ _0\"></span>ing Limited</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs3ab\">2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3ac\">4956<span class=\"_ _0\"></span>435<span class=\"_ _fa\"> </span><span class=\"ls18 ws15\">Dormant<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs3ad\">Zyex Limi<span class=\"_ _0\"></span>ted<span class=\"_ _e7\"> </span><span class=\"lsdf wsd9\">28<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>014<span class=\"_ _12c\"> </span><span class=\"ls18 ws15\">Dormant<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3ae\">Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x USA Ho<span class=\"_ _0\"></span>ldings I<span class=\"_ _0\"></span>nc.</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs3af\">1</div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3b0\"> <span class=\"_ _70\"> </span><span class=\"lse wsc\"> Interm<span class=\"_ _0\"></span>ediat<span class=\"_ _0\"></span>e holdi<span class=\"_ _0\"></span>ng compa<span class=\"_ _0\"></span>ny<span class=\"_ _210\"> </span></span>30<span class=\"_ _0\"></span>0 Conshoho<span class=\"_ _0\"></span>cken S<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ate Road, Suite 12<span class=\"_ _1\"></span>0, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3b1\">West Consho<span class=\"_ _0\"></span>hocken, PA 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>428, USA<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3b2\">Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x USA In<span class=\"_ _0\"></span>c.<span class=\"_ _80\"> </span> <span class=\"_ _1e0\"> </span><span class=\"ls15 ws13\"> T<span class=\"_ _2\"></span>rading entity<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1d ws1b gs3b3\">Invib<span class=\"_ _1\"></span>io Inc.<span class=\"_ _211\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _1e0\"> </span><span class=\"ls15 ws13\"> T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3b4\">Invib<span class=\"_ _0\"></span>io Dev<span class=\"_ _0\"></span>ice Component<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3b5\">Manufac<span class=\"_ _0\"></span>turing I<span class=\"_ _0\"></span>nc.<span class=\"_ _189\"> </span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs3b6\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs3b7\">Vic<span class=\"_ _0\"></span>trex E<span class=\"_ _1\"></span>uropa GmbH</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs3b8\">1</div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3b9\"> <span class=\"_ _1e2\"> </span>T<span class=\"_ _1\"></span>rading ent<span class=\"_ _0\"></span>ity <span class=\"_ _212\"> </span>L<span class=\"_ _0\"></span>anggas<span class=\"_ _0\"></span>se 1<span class=\"_ _1\"></span>6, 6571<span class=\"_ _2\"></span>9 H<span class=\"_ _0\"></span>ofheim, G<span class=\"_ _0\"></span>ermany<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs3ba\">Vic<span class=\"_ _0\"></span>trex Japan<span class=\"_ _1\"></span>, Inc.</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs3bb\">1<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs3bc\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _59\"> </span><span class=\"ls6 ws0\">Mita Kokus<span class=\"_ _0\"></span>ai Building A<span class=\"_ _0\"></span>nnex<span class=\"_ _0\"></span>, 1-4<span class=\"_ _0\"></span>-28 Mita, </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3bd\">Minato<span class=\"_ _0\"></span>-ku, Tokyo, 108<span class=\"_ _0\"></span>/0<span class=\"_ _0\"></span>073<span class=\"_ _1\"></span>, Ja<span class=\"_ _0\"></span>pan<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3be\">Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x High Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance Mater<span class=\"_ _0\"></span>ials </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls23 ws20 gs3bf\">(Shang<span class=\"_ _0\"></span>hai) Co., Ltd<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs3c0\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _36\"> </span><span class=\"ls6 ws0\">Vict<span class=\"_ _0\"></span>rex A<span class=\"_ _0\"></span>sian Inn<span class=\"_ _0\"></span>ovation &amp; Technol<span class=\"_ _0\"></span>ogy Centre, </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3c1\">Par<span class=\"_ _0\"></span>t B Building G<span class=\"_ _0\"></span>, No. 1<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>88<span class=\"_ _0\"></span>, Zhuanx<span class=\"_ _0\"></span>ing Road, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1c ws1a gs3c2\">Xinzhuang Industr<span class=\"_ _0\"></span>y Park, Shanghai, 20<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span>108, China<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3c3\">Invib<span class=\"_ _0\"></span>io (Beij<span class=\"_ _0\"></span>ing) T<span class=\"_ _1\"></span>rading Co.<span class=\"_ _1\"></span>, L<span class=\"_ _0\"></span>imited<span class=\"_ _1ad\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading entity<span class=\"_ _56\"> </span><span class=\"ls6 ws0\">Ro<span class=\"_ _0\"></span>om 71<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>8, Buil<span class=\"_ _0\"></span>ding 7<span class=\"_ _2\"></span>, Seco<span class=\"_ _0\"></span>nd La<span class=\"_ _0\"></span>ne 5, The S<span class=\"_ _0\"></span>outh of</span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3c4\"> Xian<span class=\"_ _0\"></span>g Jun, Chao Y<span class=\"_ _1\"></span>ang Dis<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>t, Bei<span class=\"_ _0\"></span>jing, 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>020, C<span class=\"_ _1\"></span>hina<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3c5\">Kle<span class=\"_ _0\"></span>iss Ge<span class=\"_ _0\"></span>ars, I<span class=\"_ _0\"></span>nc.<span class=\"_ _140\"> </span> <span class=\"_ _48\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading en<span class=\"_ _1\"></span>tit<span class=\"_ _0\"></span>y<span class=\"_ _6b\"> </span><span class=\"ls6 ws0\">39<span class=\"_ _0\"></span>0 Indus<span class=\"_ _0\"></span>trial Avenue, Grant<span class=\"_ _0\"></span>sburg, W<span class=\"_ _0\"></span>I 5<span class=\"_ _0\"></span>48<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0, USA<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3c6\">T<span class=\"_ _1\"></span>xV A<span class=\"_ _0\"></span>erospa<span class=\"_ _0\"></span>ce C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>posite<span class=\"_ _0\"></span>s LLC<span class=\"_ _213\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _158\"> </span><span class=\"ls6 ws0\">55 Broad<span class=\"_ _0\"></span>common Ro<span class=\"_ _0\"></span>ad, Bris<span class=\"_ _0\"></span>tol, </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3c7\">Rho<span class=\"_ _0\"></span>de Islan<span class=\"_ _0\"></span>d, RI 0280<span class=\"_ _0\"></span>9, USA </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3c8\">Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x Hong Kong L<span class=\"_ _0\"></span>imited<span class=\"_ _dd\"> </span> <span class=\"_ _48\"> </span><span class=\"ls15 ws13\">Tr<span class=\"_ _1\"></span>ading entity<span class=\"_ _214\"> </span><span class=\"ls6 ws0\">Leve<span class=\"_ _0\"></span>l 54, H<span class=\"_ _0\"></span>opew<span class=\"_ _0\"></span>ell Centre 1<span class=\"_ _1\"></span>83, </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3c9\">Que<span class=\"_ _0\"></span>en\u2019<span class=\"_ _1\"></span>s Ro<span class=\"_ _0\"></span>ad Eas<span class=\"_ _0\"></span>t, Hon<span class=\"_ _0\"></span>g Kong </div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls7f ws1b gs3ca\">Subsidiary undert<span class=\"_ _0\"></span>aking w<span class=\"_ _1\"></span>ith non-<span class=\"_ _0\"></span>controlling<span class=\"_ _1\"></span> interests<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3cb\">Panjin V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X H<span class=\"_ _0\"></span>igh Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls23 ws20 gs3cc\">Mate<span class=\"_ _0\"></span>rials Co., Ltd<span class=\"_ _b2\"> </span><span class=\"ls6 ws0\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs3cd\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _22\"> </span><span class=\"ls6 ws0\">Room 5<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>1\u201323, T<span class=\"_ _1\"></span>ech<span class=\"_ _0\"></span>nolog<span class=\"_ _0\"></span>y Mansi<span class=\"_ _0\"></span>on, Qing<span class=\"_ _0\"></span>yu Road E<span class=\"_ _0\"></span>ast, </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3ce\">Zhifang Stree<span class=\"_ _0\"></span>t Nor<span class=\"_ _0\"></span>th, L<span class=\"_ _0\"></span>iaodo<span class=\"_ _0\"></span>ng Bay N<span class=\"_ _0\"></span>ew Dist<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t, Panjin,<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs3cf\">Liao<span class=\"_ _0\"></span>ning Province, China<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 lsa ws8 gs3d0\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3d1\">Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs3d2\">T<span class=\"_ _1\"></span>echnolo<span class=\"_ _0\"></span>gy BV<span class=\"_ _201\"> </span><span class=\"ls6 ws0\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs3d3\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _e7\"> </span><span class=\"ls6 ws0\">Inst<span class=\"_ _0\"></span>itutenweg 5<span class=\"_ _0\"></span>0, 752<span class=\"_ _2\"></span>1 P<span class=\"_ _0\"></span>K, </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7 ws5 gs3d4\">Enschede<span class=\"_ _1\"></span>, Netherlands<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls1d ws1b gs3d6\">Joint opera<span class=\"_ _1\"></span>tion<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lse wsc gs3d7\">Agho<span class=\"_ _0\"></span>co 1<span class=\"_ _1\"></span>491 Limit<span class=\"_ _0\"></span>ed</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs3d8\">3<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls130 ws128 gs3d9\">10<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _6\"></span>3<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading entity<span class=\"_ _126\"> </span><span class=\"ls73 ws6d\">Vic<span class=\"_ _0\"></span>trex Technolog<span class=\"_ _0\"></span>y Centre, Hillhouse Inter<span class=\"_ _0\"></span>national, </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3da\">Tho<span class=\"_ _0\"></span>rnton Cleveley<span class=\"_ _0\"></span>s, L<span class=\"_ _0\"></span>anca<span class=\"_ _0\"></span>shire F<span class=\"_ _0\"></span>Y5 4<span class=\"_ _0\"></span>QD, UK<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls10 wse gs3db\">Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3dc\">Sur<span class=\"_ _0\"></span>face Gene<span class=\"_ _0\"></span>ration L<span class=\"_ _0\"></span>imited<span class=\"_ _210\"> </span><span class=\"lsd wsb\">43793<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _12a\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _2\"></span>rading entity<span class=\"_ _cd\"> </span><span class=\"ls6 ws0\">7 Brackenbur<span class=\"_ _0\"></span>y Cour<span class=\"_ _0\"></span>t, Lyndo<span class=\"_ _0\"></span>n Barns, </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3dd\">Edith Wes<span class=\"_ _0\"></span>ton Road, Lynd<span class=\"_ _0\"></span>on, Oakham L<span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5 8T<span class=\"_ _6\"></span>W, UK<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs3de\">1 <span class=\"_ _15\"> </span>Dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly hel<span class=\"_ _0\"></span>d by Vi<span class=\"_ _0\"></span>ctr<span class=\"_ _0\"></span>ex plc<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs3df\">2 <span class=\"_ _15\"> </span> <span class=\"_ _1c\"></span>An a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is curr<span class=\"_ _0\"></span>ently i<span class=\"_ _0\"></span>n progr<span class=\"_ _0\"></span>ess to di<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>lve V<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>trex Trading L<span class=\"_ _0\"></span>imite<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs3e0\">3 <span class=\"_ _15\"> </span> <span class=\"_ _1c\"></span>On 13 Decem<span class=\"_ _0\"></span>ber 2016, the Grou<span class=\"_ _0\"></span>p, via it<span class=\"_ _0\"></span>s subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y Vi<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>rex Ma<span class=\"_ _0\"></span>nufac<span class=\"_ _0\"></span>turin<span class=\"_ _0\"></span>g Limi<span class=\"_ _0\"></span>ted, inco<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rated Ag<span class=\"_ _0\"></span>hoco 1491 Limite<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>h AGC Chemic<span class=\"_ _0\"></span>als Europ<span class=\"_ _0\"></span>e </div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs3e1\">Lim<span class=\"_ _0\"></span>ited. Ag<span class=\"_ _0\"></span>hoco 1491 Limite<span class=\"_ _0\"></span>d is a joi<span class=\"_ _0\"></span>nt arran<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt in whi<span class=\"_ _0\"></span>ch the Gr<span class=\"_ _0\"></span>oup ho<span class=\"_ _0\"></span>lds equ<span class=\"_ _0\"></span>al own<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>hip and r<span class=\"_ _0\"></span>ight<span class=\"_ _0\"></span>s over th<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>y. The pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of Agh<span class=\"_ _0\"></span>oco 149<span class=\"_ _1\"></span>1 </div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs3e2\">Lim<span class=\"_ _0\"></span>ited is<span class=\"_ gs3e3\"> </span>to<span class=\"_ gs3e3\"> </span>b<span class=\"_ _0\"></span>uild, o<span class=\"_ _0\"></span>perate a<span class=\"_ _0\"></span>nd maint<span class=\"_ _0\"></span>ain an e<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>cal sub<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ation (co<span class=\"_ _0\"></span>st of c.\u00a3<span class=\"_ _0\"></span>3m) for bot<span class=\"_ _0\"></span>h par<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s\u2019 own us<span class=\"_ _0\"></span>e to ensur<span class=\"_ _0\"></span>e continu<span class=\"_ _0\"></span>ity o<span class=\"_ _0\"></span>f elec<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ical s<span class=\"_ _0\"></span>uppl<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Du<span class=\"_ _0\"></span>e to </div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs3e4\">the te<span class=\"_ _0\"></span>rms of th<span class=\"_ _0\"></span>e joint a<span class=\"_ _0\"></span>rrang<span class=\"_ _0\"></span>emen<span class=\"_ _0\"></span>t, Agho<span class=\"_ _0\"></span>co 149<span class=\"_ _1\"></span>1 Li<span class=\"_ _0\"></span>mited m<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>s the c<span class=\"_ _0\"></span>riter<span class=\"_ _0\"></span>ia to be acc<span class=\"_ _0\"></span>ounted fo<span class=\"_ _0\"></span>r as a joi<span class=\"_ _0\"></span>nt ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3e5\">The fo<span class=\"_ _0\"></span>llowing co<span class=\"_ _0\"></span>mpanie<span class=\"_ _0\"></span>s, which w<span class=\"_ _0\"></span>ere all dor<span class=\"_ _0\"></span>mant, wh<span class=\"_ _0\"></span>olly ow<span class=\"_ _0\"></span>ned subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akings in F<span class=\"_ _0\"></span>Y 2022, were dis<span class=\"_ _0\"></span>solve<span class=\"_ _0\"></span>d on 20 June 2023: </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls9a ws8f gs3e6\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _1dd\"> </span><span class=\"ls8b ws81\">Company n<span class=\"_ _1\"></span>umber<span class=\"_ _64\"> </span><span class=\"ls6 ws0\">Com<span class=\"_ _0\"></span>pany s<span class=\"_ _0\"></span>tatu<span class=\"_ _0\"></span>s as at 30 S<span class=\"_ _0\"></span>epte<span class=\"_ _0\"></span>mber 20<span class=\"_ _0\"></span>23<span class=\"_ _ee\"> </span>Com<span class=\"_ _0\"></span>pany s<span class=\"_ _0\"></span>tatu<span class=\"_ _0\"></span>s as at 30 S<span class=\"_ _0\"></span>epte<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2022<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs3e7\">Vic<span class=\"_ _0\"></span>trex T<span class=\"_ _2\"></span>rustee Limited</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs3e8\">1<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsc4 ws14b gs3e9\">3<span class=\"_ _0\"></span>0755<span class=\"_ _0\"></span>01<span class=\"_ _1b3\"> </span><span class=\"ls8 ws6\">Dissolved<span class=\"_ _f0\"> </span><span class=\"ls18 ws15\">Dormant<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3ea\">Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x USA Ho<span class=\"_ _0\"></span>ldings L<span class=\"_ _0\"></span>imited</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs3eb\">1<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls63 ws5e gs3ec\">7<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>71<span class=\"_ _1b3\"> </span><span class=\"ls8 ws6\">Dissolved<span class=\"_ _f0\"> </span><span class=\"ls18 ws15\">Dormant<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3ed\">Zyex Gro<span class=\"_ _0\"></span>up Limite<span class=\"_ _0\"></span>d<span class=\"_ _e3\"> </span><span class=\"ls17e ws181\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>9<span class=\"_ _0\"></span>512<span class=\"_ _215\"> </span><span class=\"ls8 ws6\">Dissolved<span class=\"_ _f0\"> </span><span class=\"ls18 ws15\">Dormant<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs3ee\">Zyex Recla<span class=\"_ _0\"></span>im Limited<span class=\"_ _216\"> </span><span class=\"lse3 wsdd\">2<span class=\"_ _6\"></span>8<span class=\"_ _6\"></span>9<span class=\"_ _5\"> </span>0<span class=\"_ _5\"></span>0<span class=\"_ _0\"></span>11<span class=\"_ _215\"> </span><span class=\"ls8 ws6\">Dissolved<span class=\"_ _f0\"> </span><span class=\"ls18 ws15\">Dormant<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3ef\">Annual re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and account<span class=\"_ _0\"></span>s are file<span class=\"_ _0\"></span>d with Compani<span class=\"_ _0\"></span>es Hou<span class=\"_ _0\"></span>se for all UK d<span class=\"_ _0\"></span>ormant com<span class=\"_ _0\"></span>panie<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3f0\">All sub<span class=\"_ _0\"></span>sidiari<span class=\"_ _0\"></span>es are who<span class=\"_ _0\"></span>lly own<span class=\"_ _0\"></span>ed, wit<span class=\"_ _0\"></span>h the except<span class=\"_ _0\"></span>ion of Panjin V<span class=\"_ _6\"></span>Y<span class=\"_ _0\"></span>X High P<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance Mate<span class=\"_ _0\"></span>rials Co.<span class=\"_ _1\"></span>, Ltd (\u2018P<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X\u2019), and a<span class=\"_ _0\"></span>re involved in t<span class=\"_ _0\"></span>he </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3f1\">princi<span class=\"_ _0\"></span>pal ac<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties of th<span class=\"_ _0\"></span>e Group.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3f2\">In the o<span class=\"_ _0\"></span>pinion o<span class=\"_ _0\"></span>f the Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s the re<span class=\"_ _0\"></span>coverable am<span class=\"_ _0\"></span>ount of inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in and amo<span class=\"_ _0\"></span>unts du<span class=\"_ _0\"></span>e from the Company<span class=\"_ _0\"></span>\u2019s subsidiar<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>ert<span class=\"_ _0\"></span>akings a<span class=\"_ _0\"></span>re </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3f3\">at leas<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e at which th<span class=\"_ _0\"></span>ey are st<span class=\"_ _0\"></span>ated in the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "Basis of consolida<span class=\"_ _1\"></span>tion<span class=\"_ _2cb\"> </span>Subsidiaries<span class=\"_ _2cb\"> </span>Subsidi<span class=\"_ _0\"></span>aries are e<span class=\"_ _0\"></span>ntitie<span class=\"_ _0\"></span>s controlle<span class=\"_ _0\"></span>d by the Group. T<span class=\"_ _0\"></span>he Group co<span class=\"_ _0\"></span>ntrols an enti<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>hen it is e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed to, or has rig<span class=\"_ _0\"></span>hts to, variab<span class=\"_ _0\"></span>le returns from it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>ment wit<span class=\"_ _0\"></span>h the inves<span class=\"_ _0\"></span>tee and c<span class=\"_ _0\"></span>an affe<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>ose retu<span class=\"_ _0\"></span>rns through i<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>ower over th<span class=\"_ _0\"></span>e investe<span class=\"_ _0\"></span>e. This can b<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>mined eit<span class=\"_ _0\"></span>her by the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s ow<span class=\"_ _0\"></span>ners<span class=\"_ _0\"></span>hip percent<span class=\"_ _0\"></span>age, or by th<span class=\"_ _0\"></span>e terms of the sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>er agre<span class=\"_ _0\"></span>ement. W<span class=\"_ _0\"></span>here the<span class=\"_ _0\"></span>re is dee<span class=\"_ _0\"></span>med to be a<span class=\"_ _0\"></span>n abilit<span class=\"_ _0\"></span>y to affe<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he return, inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nts are cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d from the da<span class=\"_ _0\"></span>te that abilit<span class=\"_ _0\"></span>y comm<span class=\"_ _0\"></span>ences until t<span class=\"_ _0\"></span>he date that it cea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. The a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od is use<span class=\"_ _0\"></span>d to account for busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>inations<span class=\"_ _0\"></span>. Goo<span class=\"_ _0\"></span>dwill re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the acquisi<span class=\"_ _0\"></span>tion date fair value of th<span class=\"_ _0\"></span>e conside<span class=\"_ _0\"></span>ration trans<span class=\"_ _0\"></span>ferred, t<span class=\"_ _0\"></span>he amount of any n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he acquire<span class=\"_ _0\"></span>e and the net of t<span class=\"_ _0\"></span>he acquisi<span class=\"_ _0\"></span>tion date fair values o<span class=\"_ _0\"></span>f the ident<span class=\"_ _0\"></span>ifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts acqu<span class=\"_ _0\"></span>ired, includi<span class=\"_ _0\"></span>ng intangib<span class=\"_ _0\"></span>les, an<span class=\"_ _0\"></span>d liabiliti<span class=\"_ _0\"></span>es assum<span class=\"_ _0\"></span>ed, includ<span class=\"_ _0\"></span>ing continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es as requ<span class=\"_ _0\"></span>ired by IF<span class=\"_ _0\"></span>RS 3. If t<span class=\"_ _0\"></span>his dif<span class=\"_ _0\"></span>ference is ne<span class=\"_ _0\"></span>gative, the am<span class=\"_ _0\"></span>ount is reco<span class=\"_ _0\"></span>gnised d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly in the Cons<span class=\"_ _0\"></span>olidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt.<span class=\"_ _2cb\"> </span>A non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling inter<span class=\"_ _0\"></span>est is th<span class=\"_ _0\"></span>e propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of net as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of the sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y entit<span class=\"_ _0\"></span>y ow<span class=\"_ _0\"></span>ned by share<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>ers ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal to the Group. T<span class=\"_ _0\"></span>he value of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling inte<span class=\"_ _0\"></span>rest<span class=\"_ _0\"></span>s at the acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n date is measure<span class=\"_ _0\"></span>d as the no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts\u2019 pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nate share of net a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s of the acquire<span class=\"_ _0\"></span>e or at fair value. T<span class=\"_ _0\"></span>he choice of m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent basis is d<span class=\"_ _0\"></span>etermine<span class=\"_ _0\"></span>d on an acquis<span class=\"_ _0\"></span>ition<span class=\"_ _0\"></span>-by<span class=\"_ _0\"></span>-acquis<span class=\"_ _0\"></span>ition b<span class=\"_ _0\"></span>asis as pe<span class=\"_ _0\"></span>rmit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 3. Financia<span class=\"_ _0\"></span>l deriv<span class=\"_ _0\"></span>atives in p<span class=\"_ _0\"></span>lace over the r<span class=\"_ _0\"></span>emaining equ<span class=\"_ _0\"></span>ity of a<span class=\"_ _0\"></span>n entit<span class=\"_ _0\"></span>y are taken into account w<span class=\"_ _0\"></span>hen cal<span class=\"_ _0\"></span>culating th<span class=\"_ _0\"></span>e propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ionate share of the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling intere<span class=\"_ _0\"></span>st.<span class=\"_ _2cb\"> </span>Any contin<span class=\"_ _0\"></span>gent consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n is measure<span class=\"_ _0\"></span>d at fair value at the d<span class=\"_ _0\"></span>ate of acquisit<span class=\"_ _0\"></span>ion. Subs<span class=\"_ _0\"></span>equent cha<span class=\"_ _0\"></span>nges to the fair v<span class=\"_ _0\"></span>alue of conting<span class=\"_ _0\"></span>ent consid<span class=\"_ _0\"></span>eration ar<span class=\"_ _0\"></span>e recognis<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Cost<span class=\"_ _0\"></span>s related to the a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>on, other than t<span class=\"_ _0\"></span>hose a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the issu<span class=\"_ _0\"></span>e of debt<span class=\"_ _0\"></span>, that the Gro<span class=\"_ _0\"></span>up incurs i<span class=\"_ _0\"></span>n connec<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>ith a busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>ination are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nsed as in<span class=\"_ _0\"></span>curred.<span class=\"_ _2cb\"> </span>No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>controlli<span class=\"_ _0\"></span>ng interest<span class=\"_ _0\"></span>s in the n<span class=\"_ _0\"></span>et ass<span class=\"_ _0\"></span>ets of co<span class=\"_ _0\"></span>nsolida<span class=\"_ _0\"></span>ted subsid<span class=\"_ _0\"></span>iaries ar<span class=\"_ _0\"></span>e disting<span class=\"_ _0\"></span>uished fro<span class=\"_ _0\"></span>m the equit<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>tribu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e to holde<span class=\"_ _0\"></span>rs of the Parent. T<span class=\"_ _0\"></span>he value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s the value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contr<span class=\"_ _0\"></span>olling interes<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n the date contro<span class=\"_ _0\"></span>l commen<span class=\"_ _0\"></span>ces adjus<span class=\"_ _0\"></span>ted for the no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts\u2019 shar<span class=\"_ _0\"></span>e of any subseq<span class=\"_ _0\"></span>uent chang<span class=\"_ _0\"></span>es in equit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>ries Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in subsi<span class=\"_ _0\"></span>diaries a<span class=\"_ _0\"></span>re state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt in the value of th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span>Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>king<span class=\"_ _0\"></span>s An as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate is an entit<span class=\"_ _0\"></span>y over w<span class=\"_ _0\"></span>hich the Gro<span class=\"_ _0\"></span>up has signif<span class=\"_ _0\"></span>icant influ<span class=\"_ _0\"></span>ence and that i<span class=\"_ _0\"></span>s neithe<span class=\"_ _0\"></span>r a subsidiar<span class=\"_ _0\"></span>y no<span class=\"_ _0\"></span>r an interes<span class=\"_ _0\"></span>t in a joint arrang<span class=\"_ _0\"></span>ement. Si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant influence is t<span class=\"_ _0\"></span>he powe<span class=\"_ _0\"></span>r to par<span class=\"_ _0\"></span>ticipate in t<span class=\"_ _0\"></span>he financia<span class=\"_ _0\"></span>l and ope<span class=\"_ _0\"></span>rating pol<span class=\"_ _0\"></span>icy d<span class=\"_ _0\"></span>ecisi<span class=\"_ _0\"></span>ons of the inves<span class=\"_ _0\"></span>tee bu<span class=\"_ _0\"></span>t where the Grou<span class=\"_ _0\"></span>p doe<span class=\"_ _0\"></span>s not have control o<span class=\"_ _0\"></span>r joint contro<span class=\"_ _0\"></span>l over tho<span class=\"_ _0\"></span>se poli<span class=\"_ _0\"></span>cies.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies of as<span class=\"_ _0\"></span>sociate<span class=\"_ _0\"></span>s are incorp<span class=\"_ _0\"></span>orated in th<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>dated finan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s using th<span class=\"_ _0\"></span>e equit<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od of accounting. I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates are c<span class=\"_ _0\"></span>arri<span class=\"_ _0\"></span>ed in the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t at cost as a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d for pos<span class=\"_ _0\"></span>t-acquisiti<span class=\"_ _0\"></span>on change<span class=\"_ _0\"></span>s in the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s share of the n<span class=\"_ _0\"></span>et ass<span class=\"_ _0\"></span>ets of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ociate, les<span class=\"_ _0\"></span>s any impair<span class=\"_ _0\"></span>ment in the va<span class=\"_ _0\"></span>lue of the inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>. Any go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill recognis<span class=\"_ _0\"></span>ed on acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n is includ<span class=\"_ _0\"></span>ed in the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>es of the inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt. Impa<span class=\"_ _0\"></span>irment is re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d when t<span class=\"_ _0\"></span>here is obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ev<span class=\"_ _0\"></span>idence t<span class=\"_ _0\"></span>hat a loss e<span class=\"_ _0\"></span>vent (or events) has ar<span class=\"_ _0\"></span>isen w<span class=\"_ _0\"></span>hich adve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>ly impac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the future c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws from th<span class=\"_ _0\"></span>e net inves<span class=\"_ _0\"></span>tment and t<span class=\"_ _0\"></span>herefore pro<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>s evide<span class=\"_ _0\"></span>nce of impair<span class=\"_ _0\"></span>ment. O<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>tive e<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>ce include<span class=\"_ _0\"></span>s obse<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>able dat<span class=\"_ _0\"></span>a abou<span class=\"_ _0\"></span>t the ass<span class=\"_ _0\"></span>ociate tha<span class=\"_ _0\"></span>t comes to th<span class=\"_ _0\"></span>e Group\u2019s attenti<span class=\"_ _0\"></span>on covering t<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s event<span class=\"_ _0\"></span>s des<span class=\"_ _0\"></span>cribe<span class=\"_ _0\"></span>d in IA<span class=\"_ _0\"></span>S 28 Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventures para<span class=\"_ _0\"></span>graphs 4<span class=\"_ _1\"></span>1A to 4<span class=\"_ _2\"></span>1C<span class=\"_ _1\"></span>. Wh<span class=\"_ _0\"></span>ere obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive evid<span class=\"_ _0\"></span>ence ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s an impair<span class=\"_ _0\"></span>ment tes<span class=\"_ _0\"></span>t is per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed whe<span class=\"_ _0\"></span>reby the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of the inves<span class=\"_ _0\"></span>tment is com<span class=\"_ _0\"></span>pared to th<span class=\"_ _0\"></span>e<span class=\"_ gs1\"> </span>recoverab<span class=\"_ _0\"></span>le amount (<span class=\"_ _0\"></span>higher of val<span class=\"_ _0\"></span>ue in use and fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s cost<span class=\"_ _0\"></span>s to sell<span class=\"_ _0\"></span>).<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s share of the po<span class=\"_ _0\"></span>st-ta<span class=\"_ _0\"></span>x profit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) of assoc<span class=\"_ _0\"></span>iates is includ<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement. I<span class=\"_ _0\"></span>f the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s share of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s in an ass<span class=\"_ _0\"></span>ociate equ<span class=\"_ _0\"></span>als or excee<span class=\"_ _0\"></span>ds it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ent in the as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate, the Group do<span class=\"_ _0\"></span>es not re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>e furt<span class=\"_ _0\"></span>her los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, unles<span class=\"_ _0\"></span>s it has incu<span class=\"_ _0\"></span>rred le<span class=\"_ _0\"></span>gal or cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tive ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _0\"></span>ns to do so or ma<span class=\"_ _0\"></span>de pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s on behal<span class=\"_ _0\"></span>f of the ass<span class=\"_ _0\"></span>ociate. Unre<span class=\"_ _0\"></span>alised ga<span class=\"_ _0\"></span>ins arising fro<span class=\"_ _0\"></span>m trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>h asso<span class=\"_ _0\"></span>ciates are e<span class=\"_ _0\"></span>liminated to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent of the Group\u2019s interes<span class=\"_ _0\"></span>t in the entit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>Interest<span class=\"_ _0\"></span>s in joi<span class=\"_ _1\"></span>nt arrangement<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>A joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ent is a contrac<span class=\"_ _0\"></span>tual arran<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt whereby t<span class=\"_ _0\"></span>he Group and o<span class=\"_ _0\"></span>ther par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake an econom<span class=\"_ _0\"></span>ic ac<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>y that is su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t to joint contr<span class=\"_ _0\"></span>ol. Joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ents are e<span class=\"_ _0\"></span>ither j<span class=\"_ _0\"></span>oint ope<span class=\"_ _0\"></span>rations or j<span class=\"_ _0\"></span>oint ventures<span class=\"_ _0\"></span>. Joint<span class=\"_ _1\"></span> operations<span class=\"_ _2cb\"> </span>A joint o<span class=\"_ _0\"></span>peratio<span class=\"_ _0\"></span>n is a joint ar<span class=\"_ _0\"></span>rangeme<span class=\"_ _0\"></span>nt where<span class=\"_ _0\"></span>by the par<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s that have joi<span class=\"_ _0\"></span>nt control have the r<span class=\"_ _0\"></span>ights to t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets, a<span class=\"_ _0\"></span>nd obliga<span class=\"_ _0\"></span>tions for the liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span>, relating to th<span class=\"_ _0\"></span>e arrange<span class=\"_ _0\"></span>ment or oth<span class=\"_ _0\"></span>er fact<span class=\"_ _0\"></span>s and circu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nces indic<span class=\"_ _0\"></span>ate that this is t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>e. The Group\u2019s share of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liabilit<span class=\"_ _0\"></span>ies, rev<span class=\"_ _0\"></span>enue, exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>nd cash fl<span class=\"_ _0\"></span>ows are co<span class=\"_ _0\"></span>mbined w<span class=\"_ _0\"></span>ith the e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ent items in the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts on a lin<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>by-<span class=\"_ _0\"></span>line bas<span class=\"_ _0\"></span>is.<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns eli<span class=\"_ _0\"></span>minate<span class=\"_ _0\"></span>d on co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>ion<span class=\"_ _2cb\"> </span>Intrag<span class=\"_ _0\"></span>roup balance<span class=\"_ _0\"></span>s and trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions, an<span class=\"_ _0\"></span>d any unrealise<span class=\"_ _0\"></span>d gains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s or incom<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s arising from i<span class=\"_ _0\"></span>ntragroup trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions are eliminated in p<span class=\"_ _0\"></span>reparing th<span class=\"_ _0\"></span>e consolida<span class=\"_ _0\"></span>ted financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents.<span class=\"_ _2cb\"> </span>Finan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld a<span class=\"_ _0\"></span>t fair value t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh pro<span class=\"_ _0\"></span>fit an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at fair value thro<span class=\"_ _0\"></span>ugh profit an<span class=\"_ _0\"></span>d loss co<span class=\"_ _0\"></span>mpris<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents in un<span class=\"_ _0\"></span>quoted com<span class=\"_ _0\"></span>panies a<span class=\"_ _0\"></span>nd conver<span class=\"_ _0\"></span>tible l<span class=\"_ _0\"></span>oans mad<span class=\"_ _0\"></span>e to ass<span class=\"_ _0\"></span>ociated u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ings. Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents in unq<span class=\"_ _0\"></span>uoted comp<span class=\"_ _0\"></span>anies are in<span class=\"_ _0\"></span>itially c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at fair value, whe<span class=\"_ _0\"></span>re neithe<span class=\"_ _0\"></span>r control no<span class=\"_ _0\"></span>r signifi<span class=\"_ _0\"></span>cant influen<span class=\"_ _0\"></span>ce is held. T<span class=\"_ _0\"></span>he initial fair va<span class=\"_ _0\"></span>lue is de<span class=\"_ _0\"></span>emed to b<span class=\"_ _0\"></span>e cost wh<span class=\"_ _0\"></span>ere trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are at ar<span class=\"_ _0\"></span>m\u2019<span class=\"_ _1\"></span>s le<span class=\"_ _0\"></span>ngth. Th<span class=\"_ _0\"></span>ey are reme<span class=\"_ _0\"></span>asured at sub<span class=\"_ _0\"></span>seque<span class=\"_ _0\"></span>nt repo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing dates to fair valu<span class=\"_ _0\"></span>e with any chang<span class=\"_ _0\"></span>es reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>tly in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span>Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts that a<span class=\"_ _0\"></span>re compoun<span class=\"_ _0\"></span>d financial ins<span class=\"_ _0\"></span>trum<span class=\"_ _0\"></span>ents fro<span class=\"_ _0\"></span>m the hol<span class=\"_ _0\"></span>der\u2019s per<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive are accounte<span class=\"_ _0\"></span>d for under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. Under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts are h<span class=\"_ _0\"></span>eld at eith<span class=\"_ _0\"></span>er amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t, fair value thro<span class=\"_ _0\"></span>ugh other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e (\u2018F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI\u2019<span class=\"_ _0\"></span>) or fair value thro<span class=\"_ _0\"></span>ugh profit an<span class=\"_ _0\"></span>d loss (\u2018<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>\u2019). In ma<span class=\"_ _0\"></span>king the as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment the Comp<span class=\"_ _0\"></span>any\u2019s busines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el and the cont<span class=\"_ _0\"></span>ractu<span class=\"_ _0\"></span>al terms are as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>gainst the cond<span class=\"_ _0\"></span>itions in I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. Where th<span class=\"_ _0\"></span>e conditi<span class=\"_ _0\"></span>ons for hol<span class=\"_ _0\"></span>ding an ass<span class=\"_ _0\"></span>et at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ised cos<span class=\"_ _0\"></span>t are not me<span class=\"_ _0\"></span>t and whe<span class=\"_ _0\"></span>re no ele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on is made to<span class=\"_ gs1\"> </span>measure a<span class=\"_ _0\"></span>t F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI, F<span class=\"_ _0\"></span>V<span class=\"_ _6\"></span>TP<span class=\"_ _0\"></span>L is the de<span class=\"_ _0\"></span>fault.<span class=\"_ _2cb\"> </span>At initial re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>easured at fair valu<span class=\"_ _0\"></span>e. This is as<span class=\"_ _0\"></span>sumed to b<span class=\"_ _0\"></span>e the trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion pri<span class=\"_ _0\"></span>ce unles<span class=\"_ _0\"></span>s there is ev<span class=\"_ _0\"></span>idence to<span class=\"_ gs1\"> </span>the contrar<span class=\"_ _0\"></span>y. All tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s related to fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s des<span class=\"_ _0\"></span>ignated as at fair va<span class=\"_ _0\"></span>lue through p<span class=\"_ _0\"></span>rofit and lo<span class=\"_ _0\"></span>ss are ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red. Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in unqu<span class=\"_ _0\"></span>oted compani<span class=\"_ _0\"></span>es and conve<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>ble loa<span class=\"_ _0\"></span>ns are class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s Level 3 in th<span class=\"_ _0\"></span>e financial hi<span class=\"_ _0\"></span>erarchy be<span class=\"_ _0\"></span>cause th<span class=\"_ _0\"></span>ere are no obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vable mar<span class=\"_ _0\"></span>ket input<span class=\"_ _0\"></span>s. For t<span class=\"_ _0\"></span>hese as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s unob<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e input<span class=\"_ _0\"></span>s are use<span class=\"_ _0\"></span>d to measure th<span class=\"_ _0\"></span>e range of fair value<span class=\"_ _0\"></span>s, using an in<span class=\"_ _0\"></span>come appro<span class=\"_ _0\"></span>ach to conver<span class=\"_ _0\"></span>t future c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s into pres<span class=\"_ _0\"></span>ent values<span class=\"_ _0\"></span>. Input<span class=\"_ _0\"></span>s into the valu<span class=\"_ _0\"></span>ation mo<span class=\"_ _0\"></span>del inc<span class=\"_ _0\"></span>lude bot<span class=\"_ _0\"></span>h Group forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s and fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>ts from the i<span class=\"_ _0\"></span>nvestee, w<span class=\"_ _0\"></span>ith consid<span class=\"_ _0\"></span>eration g<span class=\"_ _0\"></span>iven to per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance agains<span class=\"_ _0\"></span>t technic<span class=\"_ _0\"></span>al and comm<span class=\"_ _0\"></span>ercial mile<span class=\"_ _0\"></span>stone<span class=\"_ _0\"></span>s. Wh<span class=\"_ _0\"></span>ere there is i<span class=\"_ _0\"></span>nsuff<span class=\"_ _0\"></span>icient informati<span class=\"_ _0\"></span>on to deter<span class=\"_ _0\"></span>mine fair value o<span class=\"_ _0\"></span>r there is a w<span class=\"_ _0\"></span>ide rang<span class=\"_ _0\"></span>e of poss<span class=\"_ _0\"></span>ible fair value m<span class=\"_ _0\"></span>easures<span class=\"_ _0\"></span>, and cost r<span class=\"_ _0\"></span>epres<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>e bes<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>ate in that rang<span class=\"_ _0\"></span>e, then, as per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 9, cost w<span class=\"_ _0\"></span>ill continue to b<span class=\"_ _0\"></span>e used as a p<span class=\"_ _0\"></span>roxy for fair v<span class=\"_ _0\"></span>alue. C<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>st will no<span class=\"_ _0\"></span>t be use<span class=\"_ _0\"></span>d as a prox<span class=\"_ _0\"></span>y if<span class=\"_ _1\"></span>, at the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t date, there is an id<span class=\"_ _0\"></span>entifi<span class=\"_ _0\"></span>ed change i<span class=\"_ _0\"></span>n value, which cou<span class=\"_ _0\"></span>ld be illus<span class=\"_ _0\"></span>trated by signi<span class=\"_ _0\"></span>ficant p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance va<span class=\"_ _0\"></span>riations to p<span class=\"_ _0\"></span>lan or the va<span class=\"_ _0\"></span>lue implie<span class=\"_ _0\"></span>d by subse<span class=\"_ _0\"></span>quent fundi<span class=\"_ _0\"></span>ng rounds or ot<span class=\"_ _0\"></span>her equit<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-559": {
   "value": "Subsidiaries<span class=\"_ _2cb\"> </span>Subsidi<span class=\"_ _0\"></span>aries are e<span class=\"_ _0\"></span>ntitie<span class=\"_ _0\"></span>s controlle<span class=\"_ _0\"></span>d by the Group. T<span class=\"_ _0\"></span>he Group co<span class=\"_ _0\"></span>ntrols an enti<span class=\"_ _0\"></span>ty w<span class=\"_ _0\"></span>hen it is e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed to, or has rig<span class=\"_ _0\"></span>hts to, variab<span class=\"_ _0\"></span>le returns from it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>ment wit<span class=\"_ _0\"></span>h the inves<span class=\"_ _0\"></span>tee and c<span class=\"_ _0\"></span>an affe<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>ose retu<span class=\"_ _0\"></span>rns through i<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>ower over th<span class=\"_ _0\"></span>e investe<span class=\"_ _0\"></span>e. This can b<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>mined eit<span class=\"_ _0\"></span>her by the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s ow<span class=\"_ _0\"></span>ners<span class=\"_ _0\"></span>hip percent<span class=\"_ _0\"></span>age, or by th<span class=\"_ _0\"></span>e terms of the sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>er agre<span class=\"_ _0\"></span>ement. W<span class=\"_ _0\"></span>here the<span class=\"_ _0\"></span>re is dee<span class=\"_ _0\"></span>med to be a<span class=\"_ _0\"></span>n abilit<span class=\"_ _0\"></span>y to affe<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he return, inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nts are cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d from the da<span class=\"_ _0\"></span>te that abilit<span class=\"_ _0\"></span>y comm<span class=\"_ _0\"></span>ences until t<span class=\"_ _0\"></span>he date that it cea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. The a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>on meth<span class=\"_ _0\"></span>od is use<span class=\"_ _0\"></span>d to account for busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>inations<span class=\"_ _0\"></span>. Goo<span class=\"_ _0\"></span>dwill re<span class=\"_ _0\"></span>present<span class=\"_ _0\"></span>s the d<span class=\"_ _0\"></span>iffere<span class=\"_ _0\"></span>nce bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the acquisi<span class=\"_ _0\"></span>tion date fair value of th<span class=\"_ _0\"></span>e conside<span class=\"_ _0\"></span>ration trans<span class=\"_ _0\"></span>ferred, t<span class=\"_ _0\"></span>he amount of any n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>he acquire<span class=\"_ _0\"></span>e and the net of t<span class=\"_ _0\"></span>he acquisi<span class=\"_ _0\"></span>tion date fair values o<span class=\"_ _0\"></span>f the ident<span class=\"_ _0\"></span>ifiabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts acqu<span class=\"_ _0\"></span>ired, includi<span class=\"_ _0\"></span>ng intangib<span class=\"_ _0\"></span>les, an<span class=\"_ _0\"></span>d liabiliti<span class=\"_ _0\"></span>es assum<span class=\"_ _0\"></span>ed, includ<span class=\"_ _0\"></span>ing continge<span class=\"_ _0\"></span>nt liabiliti<span class=\"_ _0\"></span>es as requ<span class=\"_ _0\"></span>ired by IF<span class=\"_ _0\"></span>RS 3. If t<span class=\"_ _0\"></span>his dif<span class=\"_ _0\"></span>ference is ne<span class=\"_ _0\"></span>gative, the am<span class=\"_ _0\"></span>ount is reco<span class=\"_ _0\"></span>gnised d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly in the Cons<span class=\"_ _0\"></span>olidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt.<span class=\"_ _2cb\"> </span>A non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling inter<span class=\"_ _0\"></span>est is th<span class=\"_ _0\"></span>e propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of net as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s of the sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y entit<span class=\"_ _0\"></span>y ow<span class=\"_ _0\"></span>ned by share<span class=\"_ _0\"></span>hold<span class=\"_ _0\"></span>ers ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal to the Group. T<span class=\"_ _0\"></span>he value of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling inte<span class=\"_ _0\"></span>rest<span class=\"_ _0\"></span>s at the acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n date is measure<span class=\"_ _0\"></span>d as the no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts\u2019 pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nate share of net a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s of the acquire<span class=\"_ _0\"></span>e or at fair value. T<span class=\"_ _0\"></span>he choice of m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent basis is d<span class=\"_ _0\"></span>etermine<span class=\"_ _0\"></span>d on an acquis<span class=\"_ _0\"></span>ition<span class=\"_ _0\"></span>-by<span class=\"_ _0\"></span>-acquis<span class=\"_ _0\"></span>ition b<span class=\"_ _0\"></span>asis as pe<span class=\"_ _0\"></span>rmit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 3. Financia<span class=\"_ _0\"></span>l deriv<span class=\"_ _0\"></span>atives in p<span class=\"_ _0\"></span>lace over the r<span class=\"_ _0\"></span>emaining equ<span class=\"_ _0\"></span>ity of a<span class=\"_ _0\"></span>n entit<span class=\"_ _0\"></span>y are taken into account w<span class=\"_ _0\"></span>hen cal<span class=\"_ _0\"></span>culating th<span class=\"_ _0\"></span>e propo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ionate share of the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling intere<span class=\"_ _0\"></span>st.<span class=\"_ _2cb\"> </span>Any contin<span class=\"_ _0\"></span>gent consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n is measure<span class=\"_ _0\"></span>d at fair value at the d<span class=\"_ _0\"></span>ate of acquisit<span class=\"_ _0\"></span>ion. Subs<span class=\"_ _0\"></span>equent cha<span class=\"_ _0\"></span>nges to the fair v<span class=\"_ _0\"></span>alue of conting<span class=\"_ _0\"></span>ent consid<span class=\"_ _0\"></span>eration ar<span class=\"_ _0\"></span>e recognis<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Cost<span class=\"_ _0\"></span>s related to the a<span class=\"_ _0\"></span>cquisiti<span class=\"_ _0\"></span>on, other than t<span class=\"_ _0\"></span>hose a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the issu<span class=\"_ _0\"></span>e of debt<span class=\"_ _0\"></span>, that the Gro<span class=\"_ _0\"></span>up incurs i<span class=\"_ _0\"></span>n connec<span class=\"_ _0\"></span>tion w<span class=\"_ _0\"></span>ith a busine<span class=\"_ _0\"></span>ss comb<span class=\"_ _0\"></span>ination are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nsed as in<span class=\"_ _0\"></span>curred.<span class=\"_ _2cb\"> </span>No<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>controlli<span class=\"_ _0\"></span>ng interest<span class=\"_ _0\"></span>s in the n<span class=\"_ _0\"></span>et ass<span class=\"_ _0\"></span>ets of co<span class=\"_ _0\"></span>nsolida<span class=\"_ _0\"></span>ted subsid<span class=\"_ _0\"></span>iaries ar<span class=\"_ _0\"></span>e disting<span class=\"_ _0\"></span>uished fro<span class=\"_ _0\"></span>m the equit<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>tribu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e to holde<span class=\"_ _0\"></span>rs of the Parent. T<span class=\"_ _0\"></span>he value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s the value of n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>contr<span class=\"_ _0\"></span>olling interes<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>n the date contro<span class=\"_ _0\"></span>l commen<span class=\"_ _0\"></span>ces adjus<span class=\"_ _0\"></span>ted for the no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>ts\u2019 shar<span class=\"_ _0\"></span>e of any subseq<span class=\"_ _0\"></span>uent chang<span class=\"_ _0\"></span>es in equit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>ries Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in subsi<span class=\"_ _0\"></span>diaries a<span class=\"_ _0\"></span>re state<span class=\"_ _0\"></span>d at cost l<span class=\"_ _0\"></span>ess any im<span class=\"_ _0\"></span>pairme<span class=\"_ _0\"></span>nt in the value of th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ment.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-566": {
   "value": "Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>king<span class=\"_ _0\"></span>s An as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate is an entit<span class=\"_ _0\"></span>y over w<span class=\"_ _0\"></span>hich the Gro<span class=\"_ _0\"></span>up has signif<span class=\"_ _0\"></span>icant influ<span class=\"_ _0\"></span>ence and that i<span class=\"_ _0\"></span>s neithe<span class=\"_ _0\"></span>r a subsidiar<span class=\"_ _0\"></span>y no<span class=\"_ _0\"></span>r an interes<span class=\"_ _0\"></span>t in a joint arrang<span class=\"_ _0\"></span>ement. Si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant influence is t<span class=\"_ _0\"></span>he powe<span class=\"_ _0\"></span>r to par<span class=\"_ _0\"></span>ticipate in t<span class=\"_ _0\"></span>he financia<span class=\"_ _0\"></span>l and ope<span class=\"_ _0\"></span>rating pol<span class=\"_ _0\"></span>icy d<span class=\"_ _0\"></span>ecisi<span class=\"_ _0\"></span>ons of the inves<span class=\"_ _0\"></span>tee bu<span class=\"_ _0\"></span>t where the Grou<span class=\"_ _0\"></span>p doe<span class=\"_ _0\"></span>s not have control o<span class=\"_ _0\"></span>r joint contro<span class=\"_ _0\"></span>l over tho<span class=\"_ _0\"></span>se poli<span class=\"_ _0\"></span>cies.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies of as<span class=\"_ _0\"></span>sociate<span class=\"_ _0\"></span>s are incorp<span class=\"_ _0\"></span>orated in th<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>dated finan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s using th<span class=\"_ _0\"></span>e equit<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od of accounting. I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates are c<span class=\"_ _0\"></span>arri<span class=\"_ _0\"></span>ed in the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t at cost as a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d for pos<span class=\"_ _0\"></span>t-acquisiti<span class=\"_ _0\"></span>on change<span class=\"_ _0\"></span>s in the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s share of the n<span class=\"_ _0\"></span>et ass<span class=\"_ _0\"></span>ets of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ociate, les<span class=\"_ _0\"></span>s any impair<span class=\"_ _0\"></span>ment in the va<span class=\"_ _0\"></span>lue of the inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>. Any go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill recognis<span class=\"_ _0\"></span>ed on acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n is includ<span class=\"_ _0\"></span>ed in the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>es of the inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt. Impa<span class=\"_ _0\"></span>irment is re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d when t<span class=\"_ _0\"></span>here is obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ev<span class=\"_ _0\"></span>idence t<span class=\"_ _0\"></span>hat a loss e<span class=\"_ _0\"></span>vent (or events) has ar<span class=\"_ _0\"></span>isen w<span class=\"_ _0\"></span>hich adve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>ly impac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the future c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws from th<span class=\"_ _0\"></span>e net inves<span class=\"_ _0\"></span>tment and t<span class=\"_ _0\"></span>herefore pro<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>s evide<span class=\"_ _0\"></span>nce of impair<span class=\"_ _0\"></span>ment. O<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>tive e<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>ce include<span class=\"_ _0\"></span>s obse<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>able dat<span class=\"_ _0\"></span>a abou<span class=\"_ _0\"></span>t the ass<span class=\"_ _0\"></span>ociate tha<span class=\"_ _0\"></span>t comes to th<span class=\"_ _0\"></span>e Group\u2019s attenti<span class=\"_ _0\"></span>on covering t<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s event<span class=\"_ _0\"></span>s des<span class=\"_ _0\"></span>cribe<span class=\"_ _0\"></span>d in IA<span class=\"_ _0\"></span>S 28 Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventures para<span class=\"_ _0\"></span>graphs 4<span class=\"_ _1\"></span>1A to 4<span class=\"_ _2\"></span>1C<span class=\"_ _1\"></span>. Wh<span class=\"_ _0\"></span>ere obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive evid<span class=\"_ _0\"></span>ence ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s an impair<span class=\"_ _0\"></span>ment tes<span class=\"_ _0\"></span>t is per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed whe<span class=\"_ _0\"></span>reby the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of the inves<span class=\"_ _0\"></span>tment is com<span class=\"_ _0\"></span>pared to th<span class=\"_ _0\"></span>e<span class=\"_ gs1\"> </span>recoverab<span class=\"_ _0\"></span>le amount (<span class=\"_ _0\"></span>higher of val<span class=\"_ _0\"></span>ue in use and fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s cost<span class=\"_ _0\"></span>s to sell<span class=\"_ _0\"></span>).<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s share of the po<span class=\"_ _0\"></span>st-ta<span class=\"_ _0\"></span>x profit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) of assoc<span class=\"_ _0\"></span>iates is includ<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement. I<span class=\"_ _0\"></span>f the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s share of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s in an ass<span class=\"_ _0\"></span>ociate equ<span class=\"_ _0\"></span>als or excee<span class=\"_ _0\"></span>ds it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ent in the as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate, the Group do<span class=\"_ _0\"></span>es not re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>e furt<span class=\"_ _0\"></span>her los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, unles<span class=\"_ _0\"></span>s it has incu<span class=\"_ _0\"></span>rred le<span class=\"_ _0\"></span>gal or cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tive ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _0\"></span>ns to do so or ma<span class=\"_ _0\"></span>de pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s on behal<span class=\"_ _0\"></span>f of the ass<span class=\"_ _0\"></span>ociate. Unre<span class=\"_ _0\"></span>alised ga<span class=\"_ _0\"></span>ins arising fro<span class=\"_ _0\"></span>m trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>h asso<span class=\"_ _0\"></span>ciates are e<span class=\"_ _0\"></span>liminated to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent of the Group\u2019s interes<span class=\"_ _0\"></span>t in the entit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-560": {
   "value": "Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>king<span class=\"_ _0\"></span>s An as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate is an entit<span class=\"_ _0\"></span>y over w<span class=\"_ _0\"></span>hich the Gro<span class=\"_ _0\"></span>up has signif<span class=\"_ _0\"></span>icant influ<span class=\"_ _0\"></span>ence and that i<span class=\"_ _0\"></span>s neithe<span class=\"_ _0\"></span>r a subsidiar<span class=\"_ _0\"></span>y no<span class=\"_ _0\"></span>r an interes<span class=\"_ _0\"></span>t in a joint arrang<span class=\"_ _0\"></span>ement. Si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant influence is t<span class=\"_ _0\"></span>he powe<span class=\"_ _0\"></span>r to par<span class=\"_ _0\"></span>ticipate in t<span class=\"_ _0\"></span>he financia<span class=\"_ _0\"></span>l and ope<span class=\"_ _0\"></span>rating pol<span class=\"_ _0\"></span>icy d<span class=\"_ _0\"></span>ecisi<span class=\"_ _0\"></span>ons of the inves<span class=\"_ _0\"></span>tee bu<span class=\"_ _0\"></span>t where the Grou<span class=\"_ _0\"></span>p doe<span class=\"_ _0\"></span>s not have control o<span class=\"_ _0\"></span>r joint contro<span class=\"_ _0\"></span>l over tho<span class=\"_ _0\"></span>se poli<span class=\"_ _0\"></span>cies.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s and ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies of as<span class=\"_ _0\"></span>sociate<span class=\"_ _0\"></span>s are incorp<span class=\"_ _0\"></span>orated in th<span class=\"_ _0\"></span>e consoli<span class=\"_ _0\"></span>dated finan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s using th<span class=\"_ _0\"></span>e equit<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od of accounting. I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates are c<span class=\"_ _0\"></span>arri<span class=\"_ _0\"></span>ed in the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t at cost as a<span class=\"_ _0\"></span>djuste<span class=\"_ _0\"></span>d for pos<span class=\"_ _0\"></span>t-acquisiti<span class=\"_ _0\"></span>on change<span class=\"_ _0\"></span>s in the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s share of the n<span class=\"_ _0\"></span>et ass<span class=\"_ _0\"></span>ets of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ociate, les<span class=\"_ _0\"></span>s any impair<span class=\"_ _0\"></span>ment in the va<span class=\"_ _0\"></span>lue of the inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>. Any go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill recognis<span class=\"_ _0\"></span>ed on acq<span class=\"_ _0\"></span>uisitio<span class=\"_ _0\"></span>n is includ<span class=\"_ _0\"></span>ed in the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>es of the inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt. Impa<span class=\"_ _0\"></span>irment is re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d when t<span class=\"_ _0\"></span>here is obj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ev<span class=\"_ _0\"></span>idence t<span class=\"_ _0\"></span>hat a loss e<span class=\"_ _0\"></span>vent (or events) has ar<span class=\"_ _0\"></span>isen w<span class=\"_ _0\"></span>hich adve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>ly impac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s the future c<span class=\"_ _0\"></span>ash flo<span class=\"_ _0\"></span>ws from th<span class=\"_ _0\"></span>e net inves<span class=\"_ _0\"></span>tment and t<span class=\"_ _0\"></span>herefore pro<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>s evide<span class=\"_ _0\"></span>nce of impair<span class=\"_ _0\"></span>ment. O<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>tive e<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>ce include<span class=\"_ _0\"></span>s obse<span class=\"_ _0\"></span>rv<span class=\"_ _0\"></span>able dat<span class=\"_ _0\"></span>a abou<span class=\"_ _0\"></span>t the ass<span class=\"_ _0\"></span>ociate tha<span class=\"_ _0\"></span>t comes to th<span class=\"_ _0\"></span>e Group\u2019s attenti<span class=\"_ _0\"></span>on covering t<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s event<span class=\"_ _0\"></span>s des<span class=\"_ _0\"></span>cribe<span class=\"_ _0\"></span>d in IA<span class=\"_ _0\"></span>S 28 Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventures para<span class=\"_ _0\"></span>graphs 4<span class=\"_ _1\"></span>1A to 4<span class=\"_ _2\"></span>1C<span class=\"_ _1\"></span>. Wh<span class=\"_ _0\"></span>ere obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive evid<span class=\"_ _0\"></span>ence ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s an impair<span class=\"_ _0\"></span>ment tes<span class=\"_ _0\"></span>t is per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed whe<span class=\"_ _0\"></span>reby the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of the inves<span class=\"_ _0\"></span>tment is com<span class=\"_ _0\"></span>pared to th<span class=\"_ _0\"></span>e<span class=\"_ gs1\"> </span>recoverab<span class=\"_ _0\"></span>le amount (<span class=\"_ _0\"></span>higher of val<span class=\"_ _0\"></span>ue in use and fair v<span class=\"_ _0\"></span>alue les<span class=\"_ _0\"></span>s cost<span class=\"_ _0\"></span>s to sell<span class=\"_ _0\"></span>).<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s share of the po<span class=\"_ _0\"></span>st-ta<span class=\"_ _0\"></span>x profit<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) of assoc<span class=\"_ _0\"></span>iates is includ<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement. I<span class=\"_ _0\"></span>f the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s share of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s in an ass<span class=\"_ _0\"></span>ociate equ<span class=\"_ _0\"></span>als or excee<span class=\"_ _0\"></span>ds it<span class=\"_ _0\"></span>s investm<span class=\"_ _0\"></span>ent in the as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iate, the Group do<span class=\"_ _0\"></span>es not re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>e furt<span class=\"_ _0\"></span>her los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, unles<span class=\"_ _0\"></span>s it has incu<span class=\"_ _0\"></span>rred le<span class=\"_ _0\"></span>gal or cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tive ob<span class=\"_ _0\"></span>ligatio<span class=\"_ _0\"></span>ns to do so or ma<span class=\"_ _0\"></span>de pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s on behal<span class=\"_ _0\"></span>f of the ass<span class=\"_ _0\"></span>ociate. Unre<span class=\"_ _0\"></span>alised ga<span class=\"_ _0\"></span>ins arising fro<span class=\"_ _0\"></span>m trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions wit<span class=\"_ _0\"></span>h asso<span class=\"_ _0\"></span>ciates are e<span class=\"_ _0\"></span>liminated to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent of the Group\u2019s interes<span class=\"_ _0\"></span>t in the entit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>Interest<span class=\"_ _0\"></span>s in joi<span class=\"_ _1\"></span>nt arrangement<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>A joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ent is a contrac<span class=\"_ _0\"></span>tual arran<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt whereby t<span class=\"_ _0\"></span>he Group and o<span class=\"_ _0\"></span>ther par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake an econom<span class=\"_ _0\"></span>ic ac<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>y that is su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t to joint contr<span class=\"_ _0\"></span>ol. Joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ents are e<span class=\"_ _0\"></span>ither j<span class=\"_ _0\"></span>oint ope<span class=\"_ _0\"></span>rations or j<span class=\"_ _0\"></span>oint ventures<span class=\"_ _0\"></span>. Joint<span class=\"_ _1\"></span> operations<span class=\"_ _2cb\"> </span>A joint o<span class=\"_ _0\"></span>peratio<span class=\"_ _0\"></span>n is a joint ar<span class=\"_ _0\"></span>rangeme<span class=\"_ _0\"></span>nt where<span class=\"_ _0\"></span>by the par<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s that have joi<span class=\"_ _0\"></span>nt control have the r<span class=\"_ _0\"></span>ights to t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets, a<span class=\"_ _0\"></span>nd obliga<span class=\"_ _0\"></span>tions for the liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span>, relating to th<span class=\"_ _0\"></span>e arrange<span class=\"_ _0\"></span>ment or oth<span class=\"_ _0\"></span>er fact<span class=\"_ _0\"></span>s and circu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nces indic<span class=\"_ _0\"></span>ate that this is t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>e. The Group\u2019s share of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liabilit<span class=\"_ _0\"></span>ies, rev<span class=\"_ _0\"></span>enue, exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>nd cash fl<span class=\"_ _0\"></span>ows are co<span class=\"_ _0\"></span>mbined w<span class=\"_ _0\"></span>ith the e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ent items in the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts on a lin<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>by-<span class=\"_ _0\"></span>line bas<span class=\"_ _0\"></span>is.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-565": {
   "value": "Interest<span class=\"_ _0\"></span>s in joi<span class=\"_ _1\"></span>nt arrangement<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>A joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ent is a contrac<span class=\"_ _0\"></span>tual arran<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt whereby t<span class=\"_ _0\"></span>he Group and o<span class=\"_ _0\"></span>ther par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake an econom<span class=\"_ _0\"></span>ic ac<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>y that is su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t to joint contr<span class=\"_ _0\"></span>ol. Joint ar<span class=\"_ _0\"></span>rangem<span class=\"_ _0\"></span>ents are e<span class=\"_ _0\"></span>ither j<span class=\"_ _0\"></span>oint ope<span class=\"_ _0\"></span>rations or j<span class=\"_ _0\"></span>oint ventures<span class=\"_ _0\"></span>. Joint<span class=\"_ _1\"></span> operations<span class=\"_ _2cb\"> </span>A joint o<span class=\"_ _0\"></span>peratio<span class=\"_ _0\"></span>n is a joint ar<span class=\"_ _0\"></span>rangeme<span class=\"_ _0\"></span>nt where<span class=\"_ _0\"></span>by the par<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s that have joi<span class=\"_ _0\"></span>nt control have the r<span class=\"_ _0\"></span>ights to t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets, a<span class=\"_ _0\"></span>nd obliga<span class=\"_ _0\"></span>tions for the liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span>, relating to th<span class=\"_ _0\"></span>e arrange<span class=\"_ _0\"></span>ment or oth<span class=\"_ _0\"></span>er fact<span class=\"_ _0\"></span>s and circu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nces indic<span class=\"_ _0\"></span>ate that this is t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>e. The Group\u2019s share of as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, liabilit<span class=\"_ _0\"></span>ies, rev<span class=\"_ _0\"></span>enue, exp<span class=\"_ _0\"></span>enses a<span class=\"_ _0\"></span>nd cash fl<span class=\"_ _0\"></span>ows are co<span class=\"_ _0\"></span>mbined w<span class=\"_ _0\"></span>ith the e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ent items in the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts on a lin<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>by-<span class=\"_ _0\"></span>line bas<span class=\"_ _0\"></span>is.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-561": {
   "value": "Finan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>eld a<span class=\"_ _0\"></span>t fair value t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh pro<span class=\"_ _0\"></span>fit an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at fair value thro<span class=\"_ _0\"></span>ugh profit an<span class=\"_ _0\"></span>d loss co<span class=\"_ _0\"></span>mpris<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents in un<span class=\"_ _0\"></span>quoted com<span class=\"_ _0\"></span>panies a<span class=\"_ _0\"></span>nd conver<span class=\"_ _0\"></span>tible l<span class=\"_ _0\"></span>oans mad<span class=\"_ _0\"></span>e to ass<span class=\"_ _0\"></span>ociated u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ings. Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents in unq<span class=\"_ _0\"></span>uoted comp<span class=\"_ _0\"></span>anies are in<span class=\"_ _0\"></span>itially c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at fair value, whe<span class=\"_ _0\"></span>re neithe<span class=\"_ _0\"></span>r control no<span class=\"_ _0\"></span>r signifi<span class=\"_ _0\"></span>cant influen<span class=\"_ _0\"></span>ce is held. T<span class=\"_ _0\"></span>he initial fair va<span class=\"_ _0\"></span>lue is de<span class=\"_ _0\"></span>emed to b<span class=\"_ _0\"></span>e cost wh<span class=\"_ _0\"></span>ere trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are at ar<span class=\"_ _0\"></span>m\u2019<span class=\"_ _1\"></span>s le<span class=\"_ _0\"></span>ngth. Th<span class=\"_ _0\"></span>ey are reme<span class=\"_ _0\"></span>asured at sub<span class=\"_ _0\"></span>seque<span class=\"_ _0\"></span>nt repo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing dates to fair valu<span class=\"_ _0\"></span>e with any chang<span class=\"_ _0\"></span>es reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>tly in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent.<span class=\"_ _2cb\"> </span>Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts that a<span class=\"_ _0\"></span>re compoun<span class=\"_ _0\"></span>d financial ins<span class=\"_ _0\"></span>trum<span class=\"_ _0\"></span>ents fro<span class=\"_ _0\"></span>m the hol<span class=\"_ _0\"></span>der\u2019s per<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive are accounte<span class=\"_ _0\"></span>d for under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. Under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts are h<span class=\"_ _0\"></span>eld at eith<span class=\"_ _0\"></span>er amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t, fair value thro<span class=\"_ _0\"></span>ugh other co<span class=\"_ _0\"></span>mprehens<span class=\"_ _0\"></span>ive incom<span class=\"_ _0\"></span>e (\u2018F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI\u2019<span class=\"_ _0\"></span>) or fair value thro<span class=\"_ _0\"></span>ugh profit an<span class=\"_ _0\"></span>d loss (\u2018<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>\u2019). In ma<span class=\"_ _0\"></span>king the as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment the Comp<span class=\"_ _0\"></span>any\u2019s busines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el and the cont<span class=\"_ _0\"></span>ractu<span class=\"_ _0\"></span>al terms are as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>gainst the cond<span class=\"_ _0\"></span>itions in I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. Where th<span class=\"_ _0\"></span>e conditi<span class=\"_ _0\"></span>ons for hol<span class=\"_ _0\"></span>ding an ass<span class=\"_ _0\"></span>et at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ised cos<span class=\"_ _0\"></span>t are not me<span class=\"_ _0\"></span>t and whe<span class=\"_ _0\"></span>re no ele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on is made to<span class=\"_ gs1\"> </span>measure a<span class=\"_ _0\"></span>t F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TOCI, F<span class=\"_ _0\"></span>V<span class=\"_ _6\"></span>TP<span class=\"_ _0\"></span>L is the de<span class=\"_ _0\"></span>fault.<span class=\"_ _2cb\"> </span>At initial re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s are m<span class=\"_ _0\"></span>easured at fair valu<span class=\"_ _0\"></span>e. This is as<span class=\"_ _0\"></span>sumed to b<span class=\"_ _0\"></span>e the trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion pri<span class=\"_ _0\"></span>ce unles<span class=\"_ _0\"></span>s there is ev<span class=\"_ _0\"></span>idence to<span class=\"_ gs1\"> </span>the contrar<span class=\"_ _0\"></span>y. All tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s related to fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s des<span class=\"_ _0\"></span>ignated as at fair va<span class=\"_ _0\"></span>lue through p<span class=\"_ _0\"></span>rofit and lo<span class=\"_ _0\"></span>ss are ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>ed as incur<span class=\"_ _0\"></span>red. Inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in unqu<span class=\"_ _0\"></span>oted compani<span class=\"_ _0\"></span>es and conve<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span>ble loa<span class=\"_ _0\"></span>ns are class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s Level 3 in th<span class=\"_ _0\"></span>e financial hi<span class=\"_ _0\"></span>erarchy be<span class=\"_ _0\"></span>cause th<span class=\"_ _0\"></span>ere are no obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vable mar<span class=\"_ _0\"></span>ket input<span class=\"_ _0\"></span>s. For t<span class=\"_ _0\"></span>hese as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s unob<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e input<span class=\"_ _0\"></span>s are use<span class=\"_ _0\"></span>d to measure th<span class=\"_ _0\"></span>e range of fair value<span class=\"_ _0\"></span>s, using an in<span class=\"_ _0\"></span>come appro<span class=\"_ _0\"></span>ach to conver<span class=\"_ _0\"></span>t future c<span class=\"_ _0\"></span>ash flow<span class=\"_ _0\"></span>s into pres<span class=\"_ _0\"></span>ent values<span class=\"_ _0\"></span>. Input<span class=\"_ _0\"></span>s into the valu<span class=\"_ _0\"></span>ation mo<span class=\"_ _0\"></span>del inc<span class=\"_ _0\"></span>lude bot<span class=\"_ _0\"></span>h Group forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s and fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>ts from the i<span class=\"_ _0\"></span>nvestee, w<span class=\"_ _0\"></span>ith consid<span class=\"_ _0\"></span>eration g<span class=\"_ _0\"></span>iven to per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance agains<span class=\"_ _0\"></span>t technic<span class=\"_ _0\"></span>al and comm<span class=\"_ _0\"></span>ercial mile<span class=\"_ _0\"></span>stone<span class=\"_ _0\"></span>s. Wh<span class=\"_ _0\"></span>ere there is i<span class=\"_ _0\"></span>nsuff<span class=\"_ _0\"></span>icient informati<span class=\"_ _0\"></span>on to deter<span class=\"_ _0\"></span>mine fair value o<span class=\"_ _0\"></span>r there is a w<span class=\"_ _0\"></span>ide rang<span class=\"_ _0\"></span>e of poss<span class=\"_ _0\"></span>ible fair value m<span class=\"_ _0\"></span>easures<span class=\"_ _0\"></span>, and cost r<span class=\"_ _0\"></span>epres<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>e bes<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>ate in that rang<span class=\"_ _0\"></span>e, then, as per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 9, cost w<span class=\"_ _0\"></span>ill continue to b<span class=\"_ _0\"></span>e used as a p<span class=\"_ _0\"></span>roxy for fair v<span class=\"_ _0\"></span>alue. C<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>st will no<span class=\"_ _0\"></span>t be use<span class=\"_ _0\"></span>d as a prox<span class=\"_ _0\"></span>y if<span class=\"_ _1\"></span>, at the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t date, there is an id<span class=\"_ _0\"></span>entifi<span class=\"_ _0\"></span>ed change i<span class=\"_ _0\"></span>n value, which cou<span class=\"_ _0\"></span>ld be illus<span class=\"_ _0\"></span>trated by signi<span class=\"_ _0\"></span>ficant p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance va<span class=\"_ _0\"></span>riations to p<span class=\"_ _0\"></span>lan or the va<span class=\"_ _0\"></span>lue implie<span class=\"_ _0\"></span>d by subse<span class=\"_ _0\"></span>quent fundi<span class=\"_ _0\"></span>ng rounds or ot<span class=\"_ _0\"></span>her equit<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair va<span class=\"_ _0\"></span>lue<span class=\"_ _2cb\"> </span>Fair value is de<span class=\"_ _0\"></span>termine<span class=\"_ _0\"></span>d using the fair valu<span class=\"_ _0\"></span>e hierarchy whi<span class=\"_ _0\"></span>ch takes into account th<span class=\"_ _0\"></span>e availabilit<span class=\"_ _0\"></span>y of inp<span class=\"_ _0\"></span>ut data into th<span class=\"_ _0\"></span>e fair value cal<span class=\"_ _0\"></span>culation, with l<span class=\"_ _0\"></span>evels go<span class=\"_ _0\"></span>ing from Le<span class=\"_ _0\"></span>vel 1 (quoted market pri<span class=\"_ _0\"></span>ces availabl<span class=\"_ _0\"></span>e) through to Leve<span class=\"_ _0\"></span>l 3 (<span class=\"_ _1\"></span>uno<span class=\"_ _0\"></span>bser<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble input<span class=\"_ _0\"></span>s) with m<span class=\"_ _0\"></span>ore assum<span class=\"_ _0\"></span>ptions inh<span class=\"_ _0\"></span>erent in the fair valu<span class=\"_ _0\"></span>e calcula<span class=\"_ _0\"></span>tion of Le<span class=\"_ _0\"></span>vel 3 ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re obse<span class=\"_ _0\"></span>rva<span class=\"_ _0\"></span>ble inpu<span class=\"_ _0\"></span>ts are no<span class=\"_ _0\"></span>t available t<span class=\"_ _0\"></span>hen anoth<span class=\"_ _0\"></span>er valuatio<span class=\"_ _0\"></span>n techniqu<span class=\"_ _0\"></span>e is used, su<span class=\"_ _0\"></span>ch as<span class=\"_ gs1\"> </span>an incom<span class=\"_ _0\"></span>e appro<span class=\"_ _0\"></span>ach or market ap<span class=\"_ _0\"></span>proach.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "Compan<span class=\"_ _1\"></span>y number<span class=\"_ _4f\"> </span><span class=\"lsdd wsd7\">C<span class=\"_ _1\"></span>ompany st<span class=\"_ _0\"></span>atus<span class=\"_ _1f2\"> </span><span class=\"ls6 ws0\">Regi<span class=\"_ _0\"></span>ster<span class=\"_ _0\"></span>ed of<span class=\"_ _0\"></span>fice a<span class=\"_ _0\"></span>ddre<span class=\"_ _0\"></span>ss </span></span>Wh<span class=\"_ _0\"></span>olly ow<span class=\"_ _0\"></span>ned su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>ry u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>aki<span class=\"_ _0\"></span>ngs<span class=\"_ _2cb\"> </span>Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x Manufac<span class=\"_ _0\"></span>turing L<span class=\"_ _0\"></span>imited1 <span class=\"_ _36\"> </span><span class=\"ls6c ws68\">28<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>018<span class=\"_ _12a\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading entity<span class=\"_ _e3\"> </span>Victrex T<span class=\"_ _1\"></span>echnology Centr<span class=\"_ _1\"></span>e,<span class=\"_ _2cb\"> </span></span></span>Hillhous<span class=\"_ _0\"></span>e Internati<span class=\"_ _0\"></span>onal,<span class=\"_ _2cb\"> </span>Thornton C<span class=\"_ _1\"></span>leveleys,<span class=\"_ _2cb\"> </span>L<span class=\"_ _0\"></span>ancashir<span class=\"_ _0\"></span>e F<span class=\"_ _0\"></span>Y5 4Q<span class=\"_ _0\"></span>D, UK<span class=\"_ _2cb\"> </span>Inv<span class=\"_ _0\"></span>ibio L<span class=\"_ _0\"></span>imit<span class=\"_ _0\"></span>ed1<span class=\"_ _2cb\"> </span>4088050<span class=\"_ _f5\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _2\"></span>rading entity<span class=\"_ _2cb\"> </span></span>Invib<span class=\"_ _0\"></span>io Kne<span class=\"_ _0\"></span>es Lim<span class=\"_ _0\"></span>ited<span class=\"_ _20d\"> </span><span class=\"lsdf wsd9\">814<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>0<span class=\"_ _12a\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading en<span class=\"_ _1\"></span>tit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></span></span>Invib<span class=\"_ _0\"></span>io Dev<span class=\"_ _0\"></span>ice Component Manufacturing Limited<span class=\"_ _2cb\"> </span>8<span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _20e\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></span>Juvo<span class=\"_ _0\"></span>ra Limite<span class=\"_ _0\"></span>d<span class=\"_ _20f\"> </span><span class=\"lsdf wsd9\">814<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading en<span class=\"_ _1\"></span>tit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></span></span>Vic<span class=\"_ _0\"></span>trex Tr<span class=\"_ _1\"></span>ad<span class=\"_ _0\"></span>ing Limited2<span class=\"_ _2cb\"> </span>4956<span class=\"_ _0\"></span>435<span class=\"_ _fa\"> </span><span class=\"ls18 ws15\">Dormant<span class=\"_ _2cb\"> </span></span>Zyex Limi<span class=\"_ _0\"></span>ted<span class=\"_ _e7\"> </span><span class=\"lsdf wsd9\">28<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>014<span class=\"_ _12c\"> </span><span class=\"ls18 ws15\">Dormant<span class=\"_ _2cb\"> </span></span></span>Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x USA Ho<span class=\"_ _0\"></span>ldings I<span class=\"_ _0\"></span>nc.1 <span class=\"_ _70\"> </span><span class=\"lse wsc\"> Interm<span class=\"_ _0\"></span>ediat<span class=\"_ _0\"></span>e holdi<span class=\"_ _0\"></span>ng compa<span class=\"_ _0\"></span>ny<span class=\"_ _210\"> </span></span>30<span class=\"_ _0\"></span>0 Conshoho<span class=\"_ _0\"></span>cken S<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>ate Road, Suite 12<span class=\"_ _1\"></span>0, West Consho<span class=\"_ _0\"></span>hocken, PA 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>428, USA<span class=\"_ _2cb\"> </span>Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x USA In<span class=\"_ _0\"></span>c.<span class=\"_ _80\"> </span> <span class=\"_ _1e0\"> </span><span class=\"ls15 ws13\"> T<span class=\"_ _2\"></span>rading entity<span class=\"_ _2cb\"> </span></span>Invib<span class=\"_ _1\"></span>io Inc.<span class=\"_ _211\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _1e0\"> </span><span class=\"ls15 ws13\"> T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span></span></span>Invib<span class=\"_ _0\"></span>io Dev<span class=\"_ _0\"></span>ice Component<span class=\"_ _0\"></span>s Manufac<span class=\"_ _0\"></span>turing I<span class=\"_ _0\"></span>nc.<span class=\"_ _189\"> </span> T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span>Vic<span class=\"_ _0\"></span>trex E<span class=\"_ _1\"></span>uropa GmbH1 <span class=\"_ _1e2\"> </span>T<span class=\"_ _1\"></span>rading ent<span class=\"_ _0\"></span>ity <span class=\"_ _212\"> </span>L<span class=\"_ _0\"></span>anggas<span class=\"_ _0\"></span>se 1<span class=\"_ _1\"></span>6, 6571<span class=\"_ _2\"></span>9 H<span class=\"_ _0\"></span>ofheim, G<span class=\"_ _0\"></span>ermany<span class=\"_ _2cb\"> </span>Vic<span class=\"_ _0\"></span>trex Japan<span class=\"_ _1\"></span>, Inc.1<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _59\"> </span><span class=\"ls6 ws0\">Mita Kokus<span class=\"_ _0\"></span>ai Building A<span class=\"_ _0\"></span>nnex<span class=\"_ _0\"></span>, 1-4<span class=\"_ _0\"></span>-28 Mita, </span>Minato<span class=\"_ _0\"></span>-ku, Tokyo, 108<span class=\"_ _0\"></span>/0<span class=\"_ _0\"></span>073<span class=\"_ _1\"></span>, Ja<span class=\"_ _0\"></span>pan<span class=\"_ _2cb\"> </span>Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x High Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance Mater<span class=\"_ _0\"></span>ials (Shang<span class=\"_ _0\"></span>hai) Co., Ltd<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _36\"> </span><span class=\"ls6 ws0\">Vict<span class=\"_ _0\"></span>rex A<span class=\"_ _0\"></span>sian Inn<span class=\"_ _0\"></span>ovation &amp; Technol<span class=\"_ _0\"></span>ogy Centre, </span>Par<span class=\"_ _0\"></span>t B Building G<span class=\"_ _0\"></span>, No. 1<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>88<span class=\"_ _0\"></span>, Zhuanx<span class=\"_ _0\"></span>ing Road, Xinzhuang Industr<span class=\"_ _0\"></span>y Park, Shanghai, 20<span class=\"_ _1\"></span>1<span class=\"_ _8\"></span>108, China<span class=\"_ _2cb\"> </span>Invib<span class=\"_ _0\"></span>io (Beij<span class=\"_ _0\"></span>ing) T<span class=\"_ _1\"></span>rading Co.<span class=\"_ _1\"></span>, L<span class=\"_ _0\"></span>imited<span class=\"_ _1ad\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading entity<span class=\"_ _56\"> </span><span class=\"ls6 ws0\">Ro<span class=\"_ _0\"></span>om 71<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>8, Buil<span class=\"_ _0\"></span>ding 7<span class=\"_ _2\"></span>, Seco<span class=\"_ _0\"></span>nd La<span class=\"_ _0\"></span>ne 5, The S<span class=\"_ _0\"></span>outh of</span></span> Xian<span class=\"_ _0\"></span>g Jun, Chao Y<span class=\"_ _1\"></span>ang Dis<span class=\"_ _0\"></span>tric<span class=\"_ _0\"></span>t, Bei<span class=\"_ _0\"></span>jing, 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>020, C<span class=\"_ _1\"></span>hina<span class=\"_ _2cb\"> </span>Kle<span class=\"_ _0\"></span>iss Ge<span class=\"_ _0\"></span>ars, I<span class=\"_ _0\"></span>nc.<span class=\"_ _140\"> </span> <span class=\"_ _48\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading en<span class=\"_ _1\"></span>tit<span class=\"_ _0\"></span>y<span class=\"_ _6b\"> </span><span class=\"ls6 ws0\">39<span class=\"_ _0\"></span>0 Indus<span class=\"_ _0\"></span>trial Avenue, Grant<span class=\"_ _0\"></span>sburg, W<span class=\"_ _0\"></span>I 5<span class=\"_ _0\"></span>48<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0, USA<span class=\"_ _2cb\"> </span></span></span>T<span class=\"_ _1\"></span>xV A<span class=\"_ _0\"></span>erospa<span class=\"_ _0\"></span>ce C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>posite<span class=\"_ _0\"></span>s LLC<span class=\"_ _213\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _158\"> </span><span class=\"ls6 ws0\">55 Broad<span class=\"_ _0\"></span>common Ro<span class=\"_ _0\"></span>ad, Bris<span class=\"_ _0\"></span>tol, </span></span>Rho<span class=\"_ _0\"></span>de Islan<span class=\"_ _0\"></span>d, RI 0280<span class=\"_ _0\"></span>9, USA Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x Hong Kong L<span class=\"_ _0\"></span>imited<span class=\"_ _dd\"> </span> <span class=\"_ _48\"> </span><span class=\"ls15 ws13\">Tr<span class=\"_ _1\"></span>ading entity<span class=\"_ _214\"> </span><span class=\"ls6 ws0\">Leve<span class=\"_ _0\"></span>l 54, H<span class=\"_ _0\"></span>opew<span class=\"_ _0\"></span>ell Centre 1<span class=\"_ _1\"></span>83, </span></span>Que<span class=\"_ _0\"></span>en\u2019<span class=\"_ _1\"></span>s Ro<span class=\"_ _0\"></span>ad Eas<span class=\"_ _0\"></span>t, Hon<span class=\"_ _0\"></span>g Kong Subsidiary undert<span class=\"_ _0\"></span>aking w<span class=\"_ _1\"></span>ith non-<span class=\"_ _0\"></span>controlling<span class=\"_ _1\"></span> interests<span class=\"_ _2cb\"> </span>Panjin V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X H<span class=\"_ _0\"></span>igh Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce Mate<span class=\"_ _0\"></span>rials Co., Ltd<span class=\"_ _b2\"> </span><span class=\"ls6 ws0\"> </span>T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _22\"> </span><span class=\"ls6 ws0\">Room 5<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>1\u201323, T<span class=\"_ _1\"></span>ech<span class=\"_ _0\"></span>nolog<span class=\"_ _0\"></span>y Mansi<span class=\"_ _0\"></span>on, Qing<span class=\"_ _0\"></span>yu Road E<span class=\"_ _0\"></span>ast, </span>Zhifang Stree<span class=\"_ _0\"></span>t Nor<span class=\"_ _0\"></span>th, L<span class=\"_ _0\"></span>iaodo<span class=\"_ _0\"></span>ng Bay N<span class=\"_ _0\"></span>ew Dist<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t, Panjin,<span class=\"_ _2cb\"> </span>Liao<span class=\"_ _0\"></span>ning Province, China<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _2cb\"> </span>Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance T<span class=\"_ _1\"></span>echnolo<span class=\"_ _0\"></span>gy BV<span class=\"_ _201\"> </span><span class=\"ls6 ws0\"> </span>T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> entit<span class=\"_ _0\"></span>y<span class=\"_ _e7\"> </span><span class=\"ls6 ws0\">Inst<span class=\"_ _0\"></span>itutenweg 5<span class=\"_ _0\"></span>0, 752<span class=\"_ _2\"></span>1 P<span class=\"_ _0\"></span>K, </span>Enschede<span class=\"_ _1\"></span>, Netherlands<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "Joint opera<span class=\"_ _1\"></span>tion<span class=\"_ _2cb\"> </span>Agho<span class=\"_ _0\"></span>co 1<span class=\"_ _1\"></span>491 Limit<span class=\"_ _0\"></span>ed3<span class=\"_ _2cb\"> </span>10<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _6\"></span>3<span class=\"_ _0\"></span>74<span class=\"_ _0\"></span>9<span class=\"_ _12a\"> </span><span class=\"ls15 ws13\">T<span class=\"_ _1\"></span>rading entity<span class=\"_ _126\"> </span><span class=\"ls73 ws6d\">Vic<span class=\"_ _0\"></span>trex Technolog<span class=\"_ _0\"></span>y Centre, Hillhouse Inter<span class=\"_ _0\"></span>national, </span></span>Tho<span class=\"_ _0\"></span>rnton Cleveley<span class=\"_ _0\"></span>s, L<span class=\"_ _0\"></span>anca<span class=\"_ _0\"></span>shire F<span class=\"_ _0\"></span>Y5 4<span class=\"_ _0\"></span>QD, UK<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "<div class=\"t m0 h9 ff27 fs6 fc2 sc0 ls6 ws0 gs3f5\">1<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>. Deferr<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>ilities<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls6 ws0 gs3f6\">As a<span class=\"_ _0\"></span>t 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls89 ws7f gs3f7\">Propert<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>,<span class=\"_ _217\"> </span><span class=\"ls6 ws0\">Se<span class=\"_ _0\"></span>t-o<span class=\"_ _0\"></span>ff of </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls8a ws80 gs3f8\">plant and<span class=\"_ _77\"> </span><span class=\"ls129 ws121\"> Employe<span class=\"_ _0\"></span>e <span class=\"_ _32\"> </span><span class=\"ls8c ws82\">Unremitted<span class=\"_ _218\"> </span><span class=\"ls6 ws0\">def<span class=\"_ _0\"></span>err<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>ax <span class=\"_ _d2\"> </span> </span></span></span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 lsa ws8 gs3f9\">equipme<span class=\"_ _0\"></span>nt<span class=\"_ _7b\"> </span><span class=\"lsd7 wsd0\"> benefits <span class=\"_ _60\"> </span><span class=\"ls8b ws81\">Inventories<span class=\"_ _70\"> </span><span class=\"ls151 ws14a\"> earnings <span class=\"_ _f1\"> </span><span class=\"ls89 ws7f\"> Other <span class=\"_ _45\"> </span><span class=\"ls1a1 ws1a2\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _70\"> </span><span class=\"ls100 ws1a3\">balances *<span class=\"_ _102\"> </span><span class=\"lsd8 wsd1\">Net<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls6 ws0 gs3fa\">\u00a3m <span class=\"_ _10d\"> </span>\u00a3m <span class=\"_ _10d\"> </span>\u00a3m <span class=\"_ _124\"> </span>\u00a3<span class=\"_ _0\"></span>m <span class=\"_ _124\"> </span>\u00a3<span class=\"_ _0\"></span>m <span class=\"_ _124\"> </span><span class=\"ls66 ws62\">\u00a3m<span class=\"_ _10b\"> </span></span>\u00a3m <span class=\"_ _10d\"> </span>\u00a3m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs3fb\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets<span class=\"_ _216\"> </span><span class=\"ff27\">\u2014<span class=\"_ _b7\"> </span><span class=\"ls7f ws70\">1.5<span class=\"_ _db\"> </span><span class=\"lscd wse4\">7.<span class=\"_ _6\"></span>0<span class=\"_ _ee\"> </span></span></span>\u2014<span class=\"_ _106\"> </span><span class=\"ls7f ws70\">1.<span class=\"_ _6\"></span>2<span class=\"_ _b7\"> </span><span class=\"ls6d wsc6\">9.7<span class=\"_ _25\"> </span><span class=\"lscd wse4\">(<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _25\"> </span><span class=\"lsc wsa\">5.6<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs3fc\">Deferre<span class=\"_ _0\"></span>d tax lia<span class=\"_ _0\"></span>bilities<span class=\"_ _12c\"> </span><span class=\"ff27 ls6d wsc6\">(34<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _115\"> </span><span class=\"ls86 wsba\">(2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4)<span class=\"_ _b7\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span><span class=\"ls132 ws18d\">(1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span></span>\u2014<span class=\"_ _40\"> </span><span class=\"lscd wse4\">(<span class=\"_ _0\"></span>3<span class=\"_ _5\"></span>8<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _102\"> </span>4<span class=\"_ _5\"></span>.1<span class=\"_ _f1\"> </span><span class=\"ls1c ws1a\">(<span class=\"_ _0\"></span>34<span class=\"_ _0\"></span>.0)<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls14 ws12 gs3fd\">Net deferred tax (liabilities)/asset<span class=\"_ _0\"></span>s<span class=\"_ _90\"> </span><span class=\"ff27 ls6d wsc6\">(3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.7)<span class=\"_ _46\"> </span><span class=\"ls73 ws6d\">(0.9)<span class=\"_ _102\"> </span><span class=\"lscd wse4\">7.<span class=\"_ _0\"></span>0<span class=\"_ _102\"> </span><span class=\"ls132 ws18d\">(1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _f6\"> </span><span class=\"ls7f ws70\">1.<span class=\"_ _0\"></span>2<span class=\"_ _f1\"> </span><span class=\"ls86 wsba\">(<span class=\"_ _0\"></span>28.<span class=\"_ _0\"></span>4)<span class=\"_ _db\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _f1\"> </span></span>(28<span class=\"_ _0\"></span>.4)<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs3fe\">A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber 202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsb6 ws1a4 gs3ff\">P<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y,<span class=\"_ _219\"> </span><span class=\"ls6 ws0\">Set-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f of </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls9a ws8f gs400\">plant and<span class=\"_ _6f\"> </span><span class=\"ls8b ws81\"> Employee <span class=\"_ _12b\"> </span><span class=\"ls66 ws62\">Unre<span class=\"_ _0\"></span>mitted<span class=\"_ _e3\"> </span><span class=\"ls6 ws0\">defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax <span class=\"_ _d2\"> </span> </span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls129 ws121 gs401\">equipm<span class=\"_ _0\"></span>ent<span class=\"_ _ec\"> </span><span class=\"lsd7 wsd0\"> benefits <span class=\"_ _77\"> </span></span>Invento<span class=\"_ _0\"></span>ries<span class=\"_ _27\"> </span><span class=\"lsb3 wsaa\"> earnings <span class=\"_ _115\"> </span><span class=\"lsd9 wsd3\"> Other <span class=\"_ _102\"> </span><span class=\"ls77 ws18e\">Tot<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _ef\"> </span><span class=\"ls9a ws1a5\">balances *<span class=\"_ _186\"> </span><span class=\"lsa ws8\">Net<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs402\">\u00a3m <span class=\"_ _10d\"> </span>\u00a3<span class=\"_ _0\"></span>m <span class=\"_ _10d\"> </span>\u00a3m <span class=\"_ _36\"> </span>\u00a3m <span class=\"_ _10d\"> </span>\u00a3m <span class=\"_ _36\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _10b\"> </span></span>\u00a3m <span class=\"_ _10d\"> </span>\u00a3m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs403\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets<span class=\"_ _216\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>5<span class=\"_ _13a\"> </span><span class=\"ls60 ws5b\">6<span class=\"_ _6\"></span>.1<span class=\"_ _90\"> </span></span></span>\u2014<span class=\"_ _b7\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>6<span class=\"_ _db\"> </span><span class=\"ls7e ws76\">9.2<span class=\"_ _102\"> </span><span class=\"ls29 ws26\">(<span class=\"_ _0\"></span>2.0)<span class=\"_ _d3\"> </span><span class=\"ls102 wsfa\">7.<span class=\"_ _5\"></span>2<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs404\">Deferre<span class=\"_ _0\"></span>d tax lia<span class=\"_ _0\"></span>bilities<span class=\"_ _1e2\"> </span><span class=\"ls29 ws26\">(32.<span class=\"_ _0\"></span>0)<span class=\"_ _ad\"> </span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>3.7<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span>(0.6)<span class=\"_ _13a\"> </span>\u2014<span class=\"_ _40\"> </span><span class=\"ls22 ws6b\">(3<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>3)<span class=\"_ _102\"> </span></span></span></span>2.0<span class=\"_ _40\"> </span><span class=\"ls22 ws6b\">(3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.3)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls14 ws12 gs405\">Net deferred tax (liabilities)/asset<span class=\"_ _0\"></span>s<span class=\"_ _88\"> </span><span class=\"ls29 ws26\">(32.<span class=\"_ _0\"></span>0)<span class=\"_ _8b\"> </span>(<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>2)<span class=\"_ _d3\"> </span><span class=\"ls60 ws5b\">6<span class=\"_ _6\"></span>.1<span class=\"_ _d3\"> </span><span class=\"ls6 ws0\">(0.6)<span class=\"_ _102\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>6<span class=\"_ _8b\"> </span><span class=\"ls102 wsfa\">(<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>7.1<span class=\"_ _0\"></span>)<span class=\"_ _10d\"> </span></span></span>\u2014<span class=\"_ _42\"> </span><span class=\"ls102 wsfa\">(<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>7.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs406\">*  <span class=\"_ _6\"></span> <span class=\"_ _1c\"></span>T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p has app<span class=\"_ _0\"></span>lied t<span class=\"_ _0\"></span>he ta<span class=\"_ _0\"></span>x conso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>ion l<span class=\"_ _0\"></span>egisla<span class=\"_ _0\"></span>tion, i<span class=\"_ _0\"></span>n accord<span class=\"_ _0\"></span>ance wi<span class=\"_ _0\"></span>th IA<span class=\"_ _0\"></span>S 12<span class=\"_ _1\"></span>, w<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>by defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>n conso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>ion </div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs407\">have b<span class=\"_ _0\"></span>een all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated to th<span class=\"_ _0\"></span>e tax j<span class=\"_ _0\"></span>urisd<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>tions w<span class=\"_ _0\"></span>here t<span class=\"_ _0\"></span>hey ari<span class=\"_ _0\"></span>se, resu<span class=\"_ _0\"></span>lting in a<span class=\"_ _0\"></span>n off<span class=\"_ _0\"></span>set w<span class=\"_ _0\"></span>ithin d<span class=\"_ _0\"></span>eferr<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and de<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d tax l<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties i<span class=\"_ _0\"></span>n the bal<span class=\"_ _0\"></span>ance sh<span class=\"_ _0\"></span>eet.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsb6 ws1a4 gs409\">P<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y,<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs40a\">plan<span class=\"_ _0\"></span>t and <span class=\"_ _70\"> </span><span class=\"ls8b ws81\">Employee<span class=\"_ _85\"> </span><span class=\"ls66 ws62\">Unremit<span class=\"_ _0\"></span>ted<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls129 ws121 gs40b\">equipm<span class=\"_ _0\"></span>ent<span class=\"_ _ec\"> </span><span class=\"lsd7 wsd0\"> benefits<span class=\"_ _77\"> </span></span> Invento<span class=\"_ _0\"></span>ries<span class=\"_ _3c\"> </span><span class=\"lsb3 wsaa\">ea<span class=\"_ _0\"></span>rnings<span class=\"_ _8b\"> </span><span class=\"lsd9 wsd3\"> Other <span class=\"_ _25\"> </span><span class=\"ls77 ws18e\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls66 ws62 gs40c\">Note<span class=\"_ _10b\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _36\"> </span> \u00a3m<span class=\"_ _10d\"> </span> \u00a3m<span class=\"_ _36\"> </span> \u00a3m<span class=\"_ _10d\"> </span> \u00a3m<span class=\"_ _36\"> </span> \u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs40d\">Movem<span class=\"_ _0\"></span>ent in n<span class=\"_ _0\"></span>et pr<span class=\"_ _0\"></span>ovisi<span class=\"_ _0\"></span>on<span class=\"_ _f2\"> </span><span class=\"ff28 fc3\"> <span class=\"_ _163\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> <span class=\"_ _d1\"> </span> <span class=\"_ _163\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs40e\">At 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _21a\"> </span> <span class=\"_ _45\"> </span><span class=\"ls102 wsfa\">(<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>7.<span class=\"_ _5\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _6a\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _102\"> </span><span class=\"ls9 ws7\">5<span class=\"_ _0\"></span>.5<span class=\"_ _25\"> </span></span></span></span>(0.5)<span class=\"_ _102\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>2<span class=\"_ _115\"> </span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs40f\">Excha<span class=\"_ _0\"></span>nge dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s<span class=\"_ _21b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _b7\"> </span>0.2<span class=\"_ _106\"> </span>0.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs410\">Prior period adjustment<span class=\"_ _21c\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _13a\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _109\"> </span><span class=\"lsfb wsf5\">(1.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs411\">Reco<span class=\"_ _0\"></span>gnised in i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt <span class=\"_ _21d\"> </span>7<span class=\"_ _102\"> </span><span class=\"ls29 ws26\">(2.9)<span class=\"_ _102\"> </span><span class=\"ls9 ws7\">0.5<span class=\"_ _b7\"> </span></span></span>0.6<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _102\"> </span></span>0.<span class=\"_ _0\"></span>2<span class=\"_ _d3\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs412\">Reco<span class=\"_ _0\"></span>gnised in ot<span class=\"_ _0\"></span>her compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income <span class=\"_ _21e\"> </span> <span class=\"_ _88\"> </span>\u2014<span class=\"_ _d3\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _109\"> </span>(0.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>) </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs413\">Reco<span class=\"_ _0\"></span>gnised d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly in equ<span class=\"_ _0\"></span>ity<span class=\"_ _103\"> </span>\u2014<span class=\"_ _106\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _106\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs414\">At 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _21f\"> </span> <span class=\"_ _8b\"> </span><span class=\"ls29 ws26\">(<span class=\"_ _0\"></span>32.0)<span class=\"_ _ad\"> </span>(<span class=\"_ _0\"></span>2.2)<span class=\"_ _d3\"> </span><span class=\"ls60 ws5b\">6<span class=\"_ _5\"></span>.1<span class=\"_ _102\"> </span></span></span>(0.6)<span class=\"_ _102\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>6<span class=\"_ _8b\"> </span><span class=\"ls102 wsfa\">(<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>7.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs415\">Excha<span class=\"_ _0\"></span>nge dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s<span class=\"_ _d0\"> </span> <span class=\"_ _95\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _45\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _8b\"> </span><span class=\"ls22 ws6b\">(0<span class=\"_ _0\"></span>.3)<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs416\">Prior period adjustment<span class=\"_ _21c\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _c5\"> </span><span class=\"lsde wsd8\">0.7<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"lsde wsd8\">0.7<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs417\">Reco<span class=\"_ _0\"></span>gnised in i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt <span class=\"_ _21d\"> </span>7<span class=\"_ _25\"> </span><span class=\"ls7d ws100\">(<span class=\"_ _0\"></span>3.4)<span class=\"_ _8b\"> </span><span class=\"ls72 ws15b\">(0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2)<span class=\"_ _25\"> </span><span class=\"ls7e ws76\">0<span class=\"_ _0\"></span>.9<span class=\"_ _102\"> </span><span class=\"ls22 ws6b\">(0.3)<span class=\"_ _ad\"> </span></span></span>(0.<span class=\"_ _0\"></span>2)<span class=\"_ _8b\"> </span>(<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>2)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs418\">Reco<span class=\"_ _0\"></span>gnised in ot<span class=\"_ _0\"></span>her compr<span class=\"_ _0\"></span>ehensiv<span class=\"_ _0\"></span>e income <span class=\"_ _21e\"> </span> <span class=\"_ _88\"> </span>\u2014<span class=\"_ _b7\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>4<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs419\">Reco<span class=\"_ _0\"></span>gnised d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly in equ<span class=\"_ _0\"></span>ity<span class=\"_ _1ad\"> </span> <span class=\"_ _88\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _ee\"> </span></span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _13a\"> </span>0.<span class=\"_ _2\"></span>1 </div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs41a\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3<span class=\"_ _13f\"> </span><span class=\"ff28 fc3\"> <span class=\"_ _108\"> </span><span class=\"ff27 ls6d wsc6\">(3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.7)<span class=\"_ _46\"> </span><span class=\"ls73 ws6d\">(0.<span class=\"_ _0\"></span>9)<span class=\"_ _25\"> </span><span class=\"lscd wse4\">7.<span class=\"_ _6\"></span>0<span class=\"_ _102\"> </span><span class=\"ls132 ws18d\">(1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _f6\"> </span><span class=\"ls7f ws70\">1.<span class=\"_ _0\"></span>2<span class=\"_ _f1\"> </span><span class=\"ls86 wsba\">(2<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>4)<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs41b\">Of t<span class=\"_ _0\"></span>he net defe<span class=\"_ _0\"></span>rred ta<span class=\"_ _0\"></span>x liabili<span class=\"_ _0\"></span>ty of \u00a3<span class=\"_ _0\"></span>28.4m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022: \u00a32<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m), a \u00a33.<span class=\"_ _1\"></span>9<span class=\"_ _0\"></span>m net ass<span class=\"_ _0\"></span>et (30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>: \u00a34.5m net a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>) is </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs41c\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be re<span class=\"_ _0\"></span>covered n<span class=\"_ _0\"></span>o more than 1<span class=\"_ _1\"></span>2 m<span class=\"_ _0\"></span>onths af<span class=\"_ _0\"></span>ter the bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t date, and a \u00a332.3m net liabilit<span class=\"_ _0\"></span>y (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022: \u00a33<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.6<span class=\"_ _0\"></span>m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs41d\">net liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y) is expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to be set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed more tha<span class=\"_ _0\"></span>n 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths af<span class=\"_ _0\"></span>ter the ba<span class=\"_ _0\"></span>lance shee<span class=\"_ _0\"></span>t date.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs41e\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x liabiliti<span class=\"_ _0\"></span>es of \u00a31<span class=\"_ _2\"></span>.0<span class=\"_ _0\"></span>m (30 Septe<span class=\"_ _0\"></span>mber 2022: \u00a30.6m) have been re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed for the w<span class=\"_ _0\"></span>ithhol<span class=\"_ _0\"></span>ding ta<span class=\"_ _0\"></span>x and other t<span class=\"_ _0\"></span>axes t<span class=\"_ _0\"></span>hat would b<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs41f\">payabl<span class=\"_ _0\"></span>e on the unre<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>d earnings o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9.4m of th<span class=\"_ _0\"></span>e EU subsidiar<span class=\"_ _0\"></span>y, as the Group n<span class=\"_ _0\"></span>o longe<span class=\"_ _0\"></span>r benef<span class=\"_ _0\"></span>its fro<span class=\"_ _0\"></span>m the EU Parent Sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>y Dire<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs420\">on div<span class=\"_ _0\"></span>idend<span class=\"_ _0\"></span>s. It is likely t<span class=\"_ _0\"></span>hat future amo<span class=\"_ _0\"></span>unts wi<span class=\"_ _0\"></span>ll be remit<span class=\"_ _0\"></span>ted as a d<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>end rather t<span class=\"_ _0\"></span>han being p<span class=\"_ _0\"></span>ermane<span class=\"_ _0\"></span>ntly reinves<span class=\"_ _0\"></span>ted.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs421\">Out<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>e the EU no defe<span class=\"_ _0\"></span>rred ta<span class=\"_ _0\"></span>x liabilit<span class=\"_ _0\"></span>ies have b<span class=\"_ _0\"></span>een reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d (30 Septe<span class=\"_ _0\"></span>mber 2022: \u00a3nil) for the w<span class=\"_ _0\"></span>ithhol<span class=\"_ _0\"></span>ding ta<span class=\"_ _0\"></span>x and other t<span class=\"_ _0\"></span>axe<span class=\"_ _0\"></span>s, as such </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs422\">amount<span class=\"_ _0\"></span>s are p<span class=\"_ _0\"></span>ermanent<span class=\"_ _0\"></span>ly reinves<span class=\"_ _0\"></span>ted, and th<span class=\"_ _0\"></span>e Group can co<span class=\"_ _0\"></span>ntrol the t<span class=\"_ _0\"></span>iming of any divi<span class=\"_ _0\"></span>dends<span class=\"_ _0\"></span>. Unremit<span class=\"_ _0\"></span>ted ear<span class=\"_ _0\"></span>nings from n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>EU subsid<span class=\"_ _0\"></span>iaries </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs423\">totall<span class=\"_ _0\"></span>ed \u00a355.6m at 30 Se<span class=\"_ _0\"></span>ptember 2023 (3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2022: \u00a354.<span class=\"_ _0\"></span>2m<span class=\"_ _1\"></span>).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs424\">Im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of cli<span class=\"_ _0\"></span>mate c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs425\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>ets are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed to the ex<span class=\"_ _0\"></span>tent tha<span class=\"_ _0\"></span>t it is proba<span class=\"_ _0\"></span>ble that fu<span class=\"_ _0\"></span>ture tax<span class=\"_ _0\"></span>able pro<span class=\"_ _0\"></span>fits a<span class=\"_ _0\"></span>re generate<span class=\"_ _0\"></span>d agains<span class=\"_ _0\"></span>t which to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs426\">utilis<span class=\"_ _0\"></span>e the car<span class=\"_ _0\"></span>ried for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd tax l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es and othe<span class=\"_ _0\"></span>r timing dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e majorit<span class=\"_ _0\"></span>y of th<span class=\"_ _0\"></span>e deferre<span class=\"_ _0\"></span>d tax a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s relate<span class=\"_ _0\"></span>s to profit in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs427\">inven<span class=\"_ _1\"></span>tor<span class=\"_ _0\"></span>y generated when t<span class=\"_ _1\"></span>he UK manufacturing en<span class=\"_ _1\"></span>tities sell product<span class=\"_ _0\"></span>s to ov<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>seas subsid<span class=\"_ _1\"></span>iaries who distribute the products </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs428\">to the end c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>he tar<span class=\"_ _0\"></span>geted invento<span class=\"_ _0\"></span>ry l<span class=\"_ _0\"></span>evels at over<span class=\"_ _0\"></span>sea<span class=\"_ _0\"></span>s loca<span class=\"_ _0\"></span>tions is s<span class=\"_ _0\"></span>et at approx<span class=\"_ _0\"></span>imately thre<span class=\"_ _0\"></span>e to four months<span class=\"_ _0\"></span>, a time </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs429\">per<span class=\"_ _0\"></span>iod consi<span class=\"_ _0\"></span>dered to b<span class=\"_ _0\"></span>e too shor<span class=\"_ _0\"></span>t to be im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ted by climate cha<span class=\"_ _0\"></span>nge. The sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t time pe<span class=\"_ _0\"></span>riod b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs42a\">and the e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d ex<span class=\"_ _0\"></span>ternal s<span class=\"_ _0\"></span>ale of the afo<span class=\"_ _0\"></span>rementi<span class=\"_ _0\"></span>oned inventor<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>k<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>s the realis<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t probab<span class=\"_ _0\"></span>le, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs42b\">suppo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ing it<span class=\"_ _0\"></span>s recogni<span class=\"_ _0\"></span>tion at th<span class=\"_ _0\"></span>e end of the yea<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs42c\">Unr<span class=\"_ _0\"></span>eco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs42d\">In the U<span class=\"_ _0\"></span>SA, t<span class=\"_ _0\"></span>he Group has u<span class=\"_ _0\"></span>nrelieved n<span class=\"_ _0\"></span>et ope<span class=\"_ _0\"></span>rating los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>rising in the ye<span class=\"_ _0\"></span>ar ende<span class=\"_ _0\"></span>d 30 Septe<span class=\"_ _0\"></span>mber 2023 of \u00a30.2m (F<span class=\"_ _0\"></span>Y 2022: \u00a3nil). The pote<span class=\"_ _0\"></span>ntial </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs42e\">defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et on the cumu<span class=\"_ _0\"></span>lative unreli<span class=\"_ _0\"></span>eved t<span class=\"_ _0\"></span>ax los<span class=\"_ _0\"></span>ses of \u00a38<span class=\"_ _0\"></span>.6m in the US<span class=\"_ _0\"></span>A amount<span class=\"_ _0\"></span>s to \u00a32.2m (F<span class=\"_ _0\"></span>Y 2022: \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.6m), which have accum<span class=\"_ _0\"></span>ulated </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs42f\">from the e<span class=\"_ _0\"></span>arly s<span class=\"_ _0\"></span>tage l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es result<span class=\"_ _0\"></span>ing from the rea<span class=\"_ _0\"></span>dines<span class=\"_ _0\"></span>s invest<span class=\"_ _0\"></span>ment in Kl<span class=\"_ _0\"></span>eiss Ge<span class=\"_ _0\"></span>ars I<span class=\"_ _0\"></span>nc. and T<span class=\"_ _1\"></span>x<span class=\"_ _0\"></span>V Aerospa<span class=\"_ _0\"></span>ce Composite<span class=\"_ _0\"></span>s LLC. As th<span class=\"_ _0\"></span>e compani<span class=\"_ _0\"></span>es </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs430\">continue to dr<span class=\"_ _0\"></span>ive market ad<span class=\"_ _0\"></span>option o<span class=\"_ _0\"></span>f their res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive p<span class=\"_ _0\"></span>roduc<span class=\"_ _0\"></span>ts fu<span class=\"_ _0\"></span>rth<span class=\"_ _0\"></span>er los<span class=\"_ _0\"></span>ses are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d in the sho<span class=\"_ _0\"></span>rt ter<span class=\"_ _0\"></span>m with t<span class=\"_ _0\"></span>he time to profi<span class=\"_ _0\"></span>tabili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs431\">remaining u<span class=\"_ _0\"></span>ncer<span class=\"_ _0\"></span>tain. A<span class=\"_ _0\"></span>s a resul<span class=\"_ _0\"></span>t it is not consid<span class=\"_ _0\"></span>ered pro<span class=\"_ _0\"></span>bable t<span class=\"_ _0\"></span>hat the lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s will be ut<span class=\"_ _0\"></span>ilised ove<span class=\"_ _0\"></span>r a reasona<span class=\"_ _0\"></span>ble tim<span class=\"_ _0\"></span>e frame.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs432\">In ad<span class=\"_ _0\"></span>dition, t<span class=\"_ _0\"></span>he Group has unre<span class=\"_ _0\"></span>lieved n<span class=\"_ _0\"></span>et opera<span class=\"_ _0\"></span>ting los<span class=\"_ _0\"></span>ses ar<span class=\"_ _0\"></span>ising in the yea<span class=\"_ _0\"></span>r ended 3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber 2023 of \u00a32.6m (F<span class=\"_ _0\"></span>Y 2022: \u00a32.9m)<span class=\"_ _1\"></span>, wh<span class=\"_ _0\"></span>ich </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs433\">relate to the e<span class=\"_ _0\"></span>arly s<span class=\"_ _0\"></span>tage l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es in Panjin V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X H<span class=\"_ _0\"></span>igh Per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce Materia<span class=\"_ _0\"></span>ls C<span class=\"_ _1\"></span>o., Ltd. T<span class=\"_ _1\"></span>otal cu<span class=\"_ _0\"></span>mulative lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are \u00a36.8m (F<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>22 \u00a34.6m) and the<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs434\">potentia<span class=\"_ _0\"></span>l deferre<span class=\"_ _0\"></span>d tax a<span class=\"_ _0\"></span>sset o<span class=\"_ _0\"></span>n thes<span class=\"_ _0\"></span>e loss<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unts to \u00a31<span class=\"_ _2\"></span>.7<span class=\"_ _1\"></span>m (F<span class=\"_ _0\"></span>Y 2022: \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2\"></span>1m<span class=\"_ _1\"></span>). Th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany is in the fina<span class=\"_ _0\"></span>l sta<span class=\"_ _0\"></span>ges of comm<span class=\"_ _0\"></span>ission<span class=\"_ _0\"></span>ing with<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs435\">manufac<span class=\"_ _0\"></span>turing for co<span class=\"_ _0\"></span>mmercial s<span class=\"_ _0\"></span>ale due to co<span class=\"_ _0\"></span>mmence sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tly. Given the ear<span class=\"_ _0\"></span>ly st<span class=\"_ _0\"></span>age in the co<span class=\"_ _0\"></span>mmerciali<span class=\"_ _0\"></span>satio<span class=\"_ _0\"></span>n of the new p<span class=\"_ _0\"></span>olym<span class=\"_ _0\"></span>er grad<span class=\"_ _0\"></span>es being<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs436\">manufac<span class=\"_ _0\"></span>tured th<span class=\"_ _0\"></span>ere is inhere<span class=\"_ _0\"></span>nt uncer<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y over th<span class=\"_ _0\"></span>e time pe<span class=\"_ _0\"></span>riod to prof<span class=\"_ _0\"></span>itabi<span class=\"_ _0\"></span>lity, and there<span class=\"_ _0\"></span>fore utilis<span class=\"_ _0\"></span>ation of th<span class=\"_ _0\"></span>e loss<span class=\"_ _0\"></span>es mea<span class=\"_ _0\"></span>ns that recover<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls20 ws0 gs437\">with<span class=\"_ _0\"></span>in a reasona<span class=\"_ _0\"></span>ble time f<span class=\"_ _0\"></span>rame is not pro<span class=\"_ _0\"></span>bable.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "1<span class=\"_ _1\"></span>3. I<span class=\"_ _0\"></span>nv<span class=\"_ _1\"></span>entorie<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Inventor<span class=\"_ _0\"></span>ies are me<span class=\"_ _0\"></span>asured at th<span class=\"_ _0\"></span>e lower of cos<span class=\"_ _0\"></span>t and net re<span class=\"_ _0\"></span>alisab<span class=\"_ _0\"></span>le value. Th<span class=\"_ _0\"></span>e cost of invento<span class=\"_ _0\"></span>ries is b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he fir<span class=\"_ _0\"></span>st-in, fir<span class=\"_ _0\"></span>st-<span class=\"_ _0\"></span>out prin<span class=\"_ _0\"></span>ciple and inclu<span class=\"_ _0\"></span>des ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture incurre<span class=\"_ _0\"></span>d in acquiring t<span class=\"_ _0\"></span>he inventorie<span class=\"_ _0\"></span>s and bring<span class=\"_ _0\"></span>ing them to th<span class=\"_ _0\"></span>eir exis<span class=\"_ _0\"></span>ting lo<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n and condi<span class=\"_ _0\"></span>tion. T<span class=\"_ _0\"></span>he cost of finishe<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>ds and wor<span class=\"_ _0\"></span>k in progre<span class=\"_ _0\"></span>ss compr<span class=\"_ _0\"></span>ises raw mate<span class=\"_ _0\"></span>rials, dire<span class=\"_ _0\"></span>ct l<span class=\"_ _0\"></span>abour<span class=\"_ _1\"></span>, oth<span class=\"_ _0\"></span>er direc<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts and r<span class=\"_ _0\"></span>elated pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion over<span class=\"_ _0\"></span>heads (alloca<span class=\"_ _0\"></span>ted bas<span class=\"_ _0\"></span>ed on the hi<span class=\"_ _0\"></span>gher of ac<span class=\"_ _0\"></span>tual and n<span class=\"_ _0\"></span>ormal pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion le<span class=\"_ _0\"></span>vels). C<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span>t is calcula<span class=\"_ _0\"></span>ted using the s<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dard cost m<span class=\"_ _0\"></span>ethod<span class=\"_ _0\"></span>. Net rea<span class=\"_ _0\"></span>lisabl<span class=\"_ _0\"></span>e value is th<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mated sell<span class=\"_ _0\"></span>ing price in th<span class=\"_ _0\"></span>e ordinar<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess, l<span class=\"_ _0\"></span>ess th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ated cost<span class=\"_ _0\"></span>s of comp<span class=\"_ _0\"></span>letio<span class=\"_ _0\"></span>n and sellin<span class=\"_ _0\"></span>g exp<span class=\"_ _0\"></span>enses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>In ca<span class=\"_ _0\"></span>lculating t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated sel<span class=\"_ _0\"></span>ling price a numb<span class=\"_ _0\"></span>er of fac<span class=\"_ _0\"></span>tors are t<span class=\"_ _0\"></span>aken into account, inclu<span class=\"_ _0\"></span>ding the ag<span class=\"_ _0\"></span>e of the inventor<span class=\"_ _0\"></span>y, custome<span class=\"_ _0\"></span>r order profile<span class=\"_ _0\"></span>s, the qua<span class=\"_ _0\"></span>lity s<span class=\"_ _0\"></span>tatus<span class=\"_ _0\"></span>, alternati<span class=\"_ _0\"></span>ve routes to ma<span class=\"_ _0\"></span>rket and optio<span class=\"_ _0\"></span>ns to reproce<span class=\"_ _0\"></span>ss. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e net realis<span class=\"_ _0\"></span>able valu<span class=\"_ _0\"></span>e is bel<span class=\"_ _0\"></span>ow the cos<span class=\"_ _0\"></span>t of the inventor<span class=\"_ _0\"></span>y a prov<span class=\"_ _0\"></span>ision is mad<span class=\"_ _0\"></span>e to write d<span class=\"_ _0\"></span>own th<span class=\"_ _0\"></span>e inventor<span class=\"_ _0\"></span>y to the net rea<span class=\"_ _0\"></span>lisab<span class=\"_ _0\"></span>le value wh<span class=\"_ _0\"></span>ich is ex<span class=\"_ _0\"></span>pense<span class=\"_ _0\"></span>d to the profit a<span class=\"_ _0\"></span>nd los<span class=\"_ _0\"></span>s account. If subs<span class=\"_ _0\"></span>eque<span class=\"_ _0\"></span>ntly the valu<span class=\"_ _0\"></span>e realise<span class=\"_ _0\"></span>d from the inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y is above th<span class=\"_ _0\"></span>e net realis<span class=\"_ _0\"></span>able valu<span class=\"_ _0\"></span>e the prov<span class=\"_ _0\"></span>ision is w<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ten back to th<span class=\"_ _0\"></span>e profit and los<span class=\"_ _0\"></span>s account<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Crit<span class=\"_ _0\"></span>ical ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and key so<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y in re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n to valuat<span class=\"_ _0\"></span>ion of inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>ies The c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying va<span class=\"_ _0\"></span>lue of inventor<span class=\"_ _0\"></span>y, c<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>mprising raw ma<span class=\"_ _0\"></span>terials, wo<span class=\"_ _0\"></span>rk in progr<span class=\"_ _0\"></span>ess and f<span class=\"_ _0\"></span>inished g<span class=\"_ _0\"></span>oods tot<span class=\"_ _0\"></span>alling \u00a31<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>4.5m, requires t<span class=\"_ _0\"></span>he use of est<span class=\"_ _0\"></span>imates and ju<span class=\"_ _0\"></span>dgeme<span class=\"_ _0\"></span>nt. The Gr<span class=\"_ _0\"></span>oup abso<span class=\"_ _0\"></span>rbs dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y att<span class=\"_ _0\"></span>ribut<span class=\"_ _0\"></span>able cos<span class=\"_ _0\"></span>ts ove<span class=\"_ _0\"></span>r the highe<span class=\"_ _0\"></span>r of ac<span class=\"_ _0\"></span>tual produ<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on and nor<span class=\"_ _0\"></span>mal produ<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on to avoid ab<span class=\"_ _0\"></span>sorb<span class=\"_ _0\"></span>ing more ove<span class=\"_ _0\"></span>rheads t<span class=\"_ _0\"></span>han incurre<span class=\"_ _0\"></span>d in peri<span class=\"_ _0\"></span>ods of high pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r absor<span class=\"_ _0\"></span>bing exces<span class=\"_ _0\"></span>s overhe<span class=\"_ _0\"></span>ads in per<span class=\"_ _0\"></span>iods of l<span class=\"_ _0\"></span>ow produc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on. Judg<span class=\"_ _0\"></span>ement is re<span class=\"_ _0\"></span>quired wh<span class=\"_ _0\"></span>en ass<span class=\"_ _0\"></span>essin<span class=\"_ _0\"></span>g the level o<span class=\"_ _0\"></span>f normal pr<span class=\"_ _0\"></span>oduc<span class=\"_ _0\"></span>tion to com<span class=\"_ _0\"></span>pare wit<span class=\"_ _0\"></span>h the ac<span class=\"_ _0\"></span>tual pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion in de<span class=\"_ _0\"></span>termining th<span class=\"_ _0\"></span>e rate at which to absorb the<span class=\"_ _1\"></span> direc<span class=\"_ _0\"></span>tly attributable costs. T<span class=\"_ _0\"></span>his<span class=\"_ _1\"></span> judgement considers historical production levels and budgeted<span class=\"_ _1\"></span> produc<span class=\"_ _0\"></span>tion, as w<span class=\"_ _1\"></span>ell as the re<span class=\"_ _0\"></span>lationshi<span class=\"_ _0\"></span>p bet<span class=\"_ _0\"></span>ween p<span class=\"_ _0\"></span>roduc<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd sale<span class=\"_ _0\"></span>s when co<span class=\"_ _0\"></span>ncluding on t<span class=\"_ _0\"></span>he appro<span class=\"_ _0\"></span>priate le<span class=\"_ _0\"></span>vel over whi<span class=\"_ _0\"></span>ch to absor<span class=\"_ _0\"></span>b produc<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on cost<span class=\"_ _0\"></span>s. The p<span class=\"_ _0\"></span>rimar<span class=\"_ _0\"></span>y es<span class=\"_ _0\"></span>timate is in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of the le<span class=\"_ _0\"></span>vel of variati<span class=\"_ _0\"></span>ons, inclu<span class=\"_ _0\"></span>ding materia<span class=\"_ _0\"></span>l usage a<span class=\"_ _0\"></span>nd purchas<span class=\"_ _0\"></span>e price varia<span class=\"_ _0\"></span>nces, be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ac<span class=\"_ _0\"></span>tual and st<span class=\"_ _0\"></span>andard cos<span class=\"_ _0\"></span>t abso<span class=\"_ _0\"></span>rbed into inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y at each pe<span class=\"_ _0\"></span>riod en<span class=\"_ _0\"></span>d. Manage<span class=\"_ _0\"></span>ment use<span class=\"_ _0\"></span>s its d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed ex<span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>ence in the pro<span class=\"_ _0\"></span>cess of for<span class=\"_ _0\"></span>ming it<span class=\"_ _0\"></span>s view on the a<span class=\"_ _0\"></span>djustm<span class=\"_ _0\"></span>ents re<span class=\"_ _0\"></span>quired to re<span class=\"_ _0\"></span>cord inventor<span class=\"_ _0\"></span>y at cos<span class=\"_ _0\"></span>t. Manag<span class=\"_ _0\"></span>ement has as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>he range of p<span class=\"_ _0\"></span>ossib<span class=\"_ _0\"></span>le outcome<span class=\"_ _0\"></span>s which mi<span class=\"_ _0\"></span>ght result from a chang<span class=\"_ _0\"></span>e in assum<span class=\"_ _0\"></span>ptions an<span class=\"_ _0\"></span>d has deter<span class=\"_ _0\"></span>mined this to b<span class=\"_ _0\"></span>e from a \u00a31<span class=\"_ _2\"></span>2.8m inc<span class=\"_ _0\"></span>rease in invento<span class=\"_ _0\"></span>ry to a \u00a3<span class=\"_ _0\"></span>2.0m reduc<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>n inventor<span class=\"_ _0\"></span>y at 30<span class=\"_ gs1\"> </span>S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023, a larger range t<span class=\"_ _0\"></span>han in previ<span class=\"_ _0\"></span>ous per<span class=\"_ _0\"></span>iods du<span class=\"_ _0\"></span>e to increase vo<span class=\"_ _0\"></span>latilit<span class=\"_ _0\"></span>y in input co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s, and the<span class=\"_ _0\"></span>refore could re<span class=\"_ _0\"></span>sult in a<span class=\"_ gs1\"> </span>material a<span class=\"_ _0\"></span>djust<span class=\"_ _0\"></span>ment to the c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e of inventor<span class=\"_ _0\"></span>y withi<span class=\"_ _0\"></span>n the nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs. Inventor<span class=\"_ _0\"></span>y pro<span class=\"_ _0\"></span>visions a<span class=\"_ _0\"></span>re put in place for s<span class=\"_ _0\"></span>low mov<span class=\"_ _0\"></span>ing and potent<span class=\"_ _0\"></span>ially obs<span class=\"_ _0\"></span>olete inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y as well as dama<span class=\"_ _0\"></span>ged and<span class=\"_ _0\"></span>/or o<span class=\"_ _0\"></span>ut of spe<span class=\"_ _0\"></span>cific<span class=\"_ _0\"></span>ation produ<span class=\"_ _0\"></span>ct w<span class=\"_ _0\"></span>here cos<span class=\"_ _0\"></span>t is conside<span class=\"_ _0\"></span>red to be high<span class=\"_ _0\"></span>er than net re<span class=\"_ _0\"></span>alisab<span class=\"_ _0\"></span>le value. Th<span class=\"_ _0\"></span>e level of pro<span class=\"_ _0\"></span>vision<span class=\"_ _0\"></span>ing is an est<span class=\"_ _0\"></span>imate, with jud<span class=\"_ _0\"></span>geme<span class=\"_ _0\"></span>nt required on ag<span class=\"_ _0\"></span>eing, custo<span class=\"_ _0\"></span>mer ord<span class=\"_ _0\"></span>er profile<span class=\"_ _0\"></span>s, alter<span class=\"_ _0\"></span>native route<span class=\"_ _0\"></span>s to market and the o<span class=\"_ _0\"></span>ption to re<span class=\"_ _0\"></span>proces<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ation of th<span class=\"_ _0\"></span>e range of po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e outcom<span class=\"_ _0\"></span>es is an increa<span class=\"_ _0\"></span>se in the va<span class=\"_ _0\"></span>lue of inventor<span class=\"_ _0\"></span>y of \u00a31<span class=\"_ _2\"></span>.6m to a d<span class=\"_ _0\"></span>ecreas<span class=\"_ _0\"></span>e of \u00a32.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m and is t<span class=\"_ _0\"></span>herefore not co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d to materiall<span class=\"_ _0\"></span>y impac<span class=\"_ _0\"></span>t the carr<span class=\"_ _0\"></span>y va<span class=\"_ _0\"></span>lue of inventor<span class=\"_ _0\"></span>y wit<span class=\"_ _0\"></span>hin the ne<span class=\"_ _0\"></span>xt 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nths.<span class=\"_ _2cb\"> </span>Im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of cli<span class=\"_ _0\"></span>mate c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _2cb\"> </span>The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e on consume<span class=\"_ _0\"></span>r behavi<span class=\"_ _0\"></span>our may af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the dem<span class=\"_ _0\"></span>and for the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts, r<span class=\"_ _0\"></span>esulting in obs<span class=\"_ _0\"></span>oles<span class=\"_ _0\"></span>cence or red<span class=\"_ _0\"></span>uced dem<span class=\"_ _0\"></span>and, thus redu<span class=\"_ _0\"></span>cing the net r<span class=\"_ _0\"></span>ealisab<span class=\"_ _0\"></span>le value. T<span class=\"_ _0\"></span>he Group t<span class=\"_ _0\"></span>arget<span class=\"_ _0\"></span>s carr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing approx<span class=\"_ _0\"></span>imately thre<span class=\"_ _0\"></span>e to four month<span class=\"_ _0\"></span>s of inventor<span class=\"_ _0\"></span>y at any point in t<span class=\"_ _0\"></span>ime, a time fram<span class=\"_ _0\"></span>e over which t<span class=\"_ _0\"></span>he impac<span class=\"_ _0\"></span>t of climate c<span class=\"_ _0\"></span>hange on consu<span class=\"_ _0\"></span>mer behav<span class=\"_ _0\"></span>iour is not e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to impac<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e majori<span class=\"_ _0\"></span>ty of t<span class=\"_ _0\"></span>he Group\u2019s core produ<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s ser<span class=\"_ _0\"></span>ve mul<span class=\"_ _0\"></span>tiple ap<span class=\"_ _0\"></span>plicat<span class=\"_ _0\"></span>ions in multi<span class=\"_ _0\"></span>ple market<span class=\"_ _0\"></span>s fur<span class=\"_ _0\"></span>ther re<span class=\"_ _0\"></span>ducing the r<span class=\"_ _0\"></span>isk of material o<span class=\"_ _0\"></span>bsol<span class=\"_ _0\"></span>ete inventor<span class=\"_ _0\"></span>y over th<span class=\"_ _0\"></span>e longe<span class=\"_ _0\"></span>r term wi<span class=\"_ _0\"></span>th each SKU<span class=\"_ _0\"></span>\u2019s in<span class=\"_ _1\"></span>ve<span class=\"_ _0\"></span>ntory h<span class=\"_ _0\"></span>olding l<span class=\"_ _0\"></span>evels and manufac<span class=\"_ _0\"></span>turing p<span class=\"_ _0\"></span>lan regular<span class=\"_ _0\"></span>ly revie<span class=\"_ _0\"></span>wed agains<span class=\"_ _0\"></span>t forec<span class=\"_ _0\"></span>ast d<span class=\"_ _0\"></span>emand over th<span class=\"_ _0\"></span>e nex<span class=\"_ _0\"></span>t 24 months.<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _161\"> </span><span class=\"ff27\">\u00a3<span class=\"_ _0\"></span>m <span class=\"_ _10d\"> </span></span>\u00a3m Raw mater<span class=\"_ _0\"></span>ials and consum<span class=\"_ _0\"></span>ables <span class=\"_ _220\"> </span><span class=\"ff27 ls6d wsc6\">33<span class=\"_ _0\"></span>.7<span class=\"_ _ad\"> </span></span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span>Work in pro<span class=\"_ _0\"></span>gress<span class=\"_ _221\"> </span><span class=\"ff27 lsc wsa\">30.9<span class=\"_ _45\"> </span></span><span class=\"lse2 wsdc\">13<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span>Finishe<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>ds<span class=\"_ _222\"> </span><span class=\"ff27 ls86 wsba\">69.9<span class=\"_ _8a\"> </span></span><span class=\"ls15 ws13\">56.4</span> <span class=\"_ _223\"> </span><span class=\"ff27 ls19 ws16\">13<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _8a\"> </span></span><span class=\"ls15 ws13\">86.8<span class=\"_ _2cb\"> </span></span>The a<span class=\"_ _0\"></span>mount of inventor<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>ed in the ye<span class=\"_ _0\"></span>ar is \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>22.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m (F<span class=\"_ _0\"></span>Y 2022: \u00a3<span class=\"_ _1\"></span>14<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1m<span class=\"_ _1\"></span>).<span class=\"_ _2cb\"> </span>During t<span class=\"_ _0\"></span>he year the G<span class=\"_ _0\"></span>roup wrote d<span class=\"_ _0\"></span>own inventor<span class=\"_ _0\"></span>y by \u00a33.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (F<span class=\"_ _0\"></span>Y 2022: \u00a33.2m) and revers<span class=\"_ _0\"></span>ed prev<span class=\"_ _0\"></span>iously w<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ten dow<span class=\"_ _0\"></span>n inventor<span class=\"_ _0\"></span>y by \u00a32.<span class=\"_ _1\"></span>7m (F<span class=\"_ _0\"></span>Y<span class=\"_ gs1\"> </span>2022: \u00a32.5m<span class=\"_ _1\"></span>) resul<span class=\"_ _0\"></span>ting in a net d<span class=\"_ _0\"></span>ecreas<span class=\"_ _0\"></span>e in the overall i<span class=\"_ _0\"></span>nventor<span class=\"_ _0\"></span>y write d<span class=\"_ _0\"></span>own charg<span class=\"_ _0\"></span>e in the year of \u00a30.6m (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: inc<span class=\"_ _0\"></span>rease of \u00a30.7<span class=\"_ _1\"></span>m). The G<span class=\"_ _0\"></span>roup continue<span class=\"_ _0\"></span>s to focus on dr<span class=\"_ _0\"></span>iving d<span class=\"_ _0\"></span>own age<span class=\"_ _0\"></span>d and non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>conforming p<span class=\"_ _0\"></span>roduc<span class=\"_ _0\"></span>t by work<span class=\"_ _0\"></span>ing with su<span class=\"_ _0\"></span>pplier<span class=\"_ _0\"></span>s and cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s, rewor<span class=\"_ _0\"></span>king and<span class=\"_ gs1\"> </span>rep<span class=\"_ _0\"></span>ackaging p<span class=\"_ _0\"></span>roduc<span class=\"_ _0\"></span>t to realise v<span class=\"_ _0\"></span>alue from thi<span class=\"_ _0\"></span>s inventor<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "Inventor<span class=\"_ _0\"></span>ies are me<span class=\"_ _0\"></span>asured at th<span class=\"_ _0\"></span>e lower of cos<span class=\"_ _0\"></span>t and net re<span class=\"_ _0\"></span>alisab<span class=\"_ _0\"></span>le value. Th<span class=\"_ _0\"></span>e cost of invento<span class=\"_ _0\"></span>ries is b<span class=\"_ _0\"></span>ased on t<span class=\"_ _0\"></span>he fir<span class=\"_ _0\"></span>st-in, fir<span class=\"_ _0\"></span>st-<span class=\"_ _0\"></span>out prin<span class=\"_ _0\"></span>ciple and inclu<span class=\"_ _0\"></span>des ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture incurre<span class=\"_ _0\"></span>d in acquiring t<span class=\"_ _0\"></span>he inventorie<span class=\"_ _0\"></span>s and bring<span class=\"_ _0\"></span>ing them to th<span class=\"_ _0\"></span>eir exis<span class=\"_ _0\"></span>ting lo<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n and condi<span class=\"_ _0\"></span>tion. T<span class=\"_ _0\"></span>he cost of finishe<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>ds and wor<span class=\"_ _0\"></span>k in progre<span class=\"_ _0\"></span>ss compr<span class=\"_ _0\"></span>ises raw mate<span class=\"_ _0\"></span>rials, dire<span class=\"_ _0\"></span>ct l<span class=\"_ _0\"></span>abour<span class=\"_ _1\"></span>, oth<span class=\"_ _0\"></span>er direc<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts and r<span class=\"_ _0\"></span>elated pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion over<span class=\"_ _0\"></span>heads (alloca<span class=\"_ _0\"></span>ted bas<span class=\"_ _0\"></span>ed on the hi<span class=\"_ _0\"></span>gher of ac<span class=\"_ _0\"></span>tual and n<span class=\"_ _0\"></span>ormal pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tion le<span class=\"_ _0\"></span>vels). C<span class=\"_ _1\"></span>os<span class=\"_ _0\"></span>t is calcula<span class=\"_ _0\"></span>ted using the s<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dard cost m<span class=\"_ _0\"></span>ethod<span class=\"_ _0\"></span>. Net rea<span class=\"_ _0\"></span>lisabl<span class=\"_ _0\"></span>e value is th<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mated sell<span class=\"_ _0\"></span>ing price in th<span class=\"_ _0\"></span>e ordinar<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess, l<span class=\"_ _0\"></span>ess th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ated cost<span class=\"_ _0\"></span>s of comp<span class=\"_ _0\"></span>letio<span class=\"_ _0\"></span>n and sellin<span class=\"_ _0\"></span>g exp<span class=\"_ _0\"></span>enses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>In ca<span class=\"_ _0\"></span>lculating t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated sel<span class=\"_ _0\"></span>ling price a numb<span class=\"_ _0\"></span>er of fac<span class=\"_ _0\"></span>tors are t<span class=\"_ _0\"></span>aken into account, inclu<span class=\"_ _0\"></span>ding the ag<span class=\"_ _0\"></span>e of the inventor<span class=\"_ _0\"></span>y, custome<span class=\"_ _0\"></span>r order profile<span class=\"_ _0\"></span>s, the qua<span class=\"_ _0\"></span>lity s<span class=\"_ _0\"></span>tatus<span class=\"_ _0\"></span>, alternati<span class=\"_ _0\"></span>ve routes to ma<span class=\"_ _0\"></span>rket and optio<span class=\"_ _0\"></span>ns to reproce<span class=\"_ _0\"></span>ss. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e net realis<span class=\"_ _0\"></span>able valu<span class=\"_ _0\"></span>e is bel<span class=\"_ _0\"></span>ow the cos<span class=\"_ _0\"></span>t of the inventor<span class=\"_ _0\"></span>y a prov<span class=\"_ _0\"></span>ision is mad<span class=\"_ _0\"></span>e to write d<span class=\"_ _0\"></span>own th<span class=\"_ _0\"></span>e inventor<span class=\"_ _0\"></span>y to the net rea<span class=\"_ _0\"></span>lisab<span class=\"_ _0\"></span>le value wh<span class=\"_ _0\"></span>ich is ex<span class=\"_ _0\"></span>pense<span class=\"_ _0\"></span>d to the profit a<span class=\"_ _0\"></span>nd los<span class=\"_ _0\"></span>s account. If subs<span class=\"_ _0\"></span>eque<span class=\"_ _0\"></span>ntly the valu<span class=\"_ _0\"></span>e realise<span class=\"_ _0\"></span>d from the inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y is above th<span class=\"_ _0\"></span>e net realis<span class=\"_ _0\"></span>able valu<span class=\"_ _0\"></span>e the prov<span class=\"_ _0\"></span>ision is w<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ten back to th<span class=\"_ _0\"></span>e profit and los<span class=\"_ _0\"></span>s account<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "1<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>rad<span class=\"_ _0\"></span>e and other r<span class=\"_ _0\"></span>eceivable<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les are am<span class=\"_ _0\"></span>ounts d<span class=\"_ _0\"></span>ue from cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s for goo<span class=\"_ _0\"></span>ds sol<span class=\"_ _0\"></span>d in the ordina<span class=\"_ _0\"></span>ry co<span class=\"_ _0\"></span>urse of b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d initially at fair va<span class=\"_ _0\"></span>lue. Subse<span class=\"_ _0\"></span>quent to initial r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion the<span class=\"_ _0\"></span>y are measure<span class=\"_ _0\"></span>d at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cost using the e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve interest m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d less a<span class=\"_ _0\"></span>ny impairm<span class=\"_ _0\"></span>ent loss<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying amou<span class=\"_ _0\"></span>nt of these b<span class=\"_ _0\"></span>alances a<span class=\"_ _0\"></span>pproximate<span class=\"_ _0\"></span>s to fair value due to the sho<span class=\"_ _0\"></span>rt m<span class=\"_ _0\"></span>aturit<span class=\"_ _0\"></span>y of amount<span class=\"_ _0\"></span>s rece<span class=\"_ _0\"></span>ivable. Allo<span class=\"_ _0\"></span>wances are c<span class=\"_ _0\"></span>alculate<span class=\"_ _0\"></span>d by reference to cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted to b<span class=\"_ _0\"></span>e incurre<span class=\"_ _0\"></span>d over the life<span class=\"_ _0\"></span>time of the re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>le using th<span class=\"_ _0\"></span>e simplifi<span class=\"_ _0\"></span>ed appro<span class=\"_ _0\"></span>ach, as de<span class=\"_ _0\"></span>scrib<span class=\"_ _0\"></span>ed in note 16.<span class=\"_ _2cb\"> </span>Group<span class=\"_ _10a\"> </span><span class=\"ls151 ws14a\">Company<span class=\"_ _2cb\"> </span></span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _d3\"> </span></span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _224\"> </span><span class=\"ff27\">\u00a3m <span class=\"_ _36\"> </span></span>\u00a3m <span class=\"_ _124\"> </span><span class=\"ff27\">\u00a3m <span class=\"_ _36\"> </span></span>\u00a3m T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les<span class=\"_ _225\"> </span><span class=\"ff27 ls18 ws15\">35.5<span class=\"_ _8b\"> </span></span><span class=\"ls7e ws76\">39.<span class=\"_ _0\"></span>3<span class=\"_ _62\"> </span></span><span class=\"ff27\">\u2014 <span class=\"_ _124\"> </span></span>\u2014 Amount<span class=\"_ _0\"></span>s owed by Gr<span class=\"_ _1\"></span>oup under<span class=\"_ _0\"></span>takings<span class=\"_ _226\"> </span><span class=\"ff27 ls6 ws0\">\u2014 <span class=\"_ _13a\"> </span><span class=\"ff28\">\u2014<span class=\"_ _3f\"> </span></span><span class=\"ls1b ws19\">141.<span class=\"_ _0\"></span>0<span class=\"_ _f1\"> </span></span></span><span class=\"lsfb wsf5\">19<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>9<span class=\"_ _2cb\"> </span></span>Prep<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s and accr<span class=\"_ _0\"></span>ued incom<span class=\"_ _0\"></span>e <span class=\"_ _178\"> </span><span class=\"ff27 lscd wse4\">7.<span class=\"_ _0\"></span>6<span class=\"_ _6a\"> </span></span><span class=\"ls60 ws5b\">2<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _ee\"> </span></span><span class=\"ff27\">\u2014 <span class=\"_ _124\"> </span></span>\u2014 Sal<span class=\"_ _0\"></span>es ta<span class=\"_ _0\"></span>xes recove<span class=\"_ _0\"></span>rable<span class=\"_ _187\"> </span><span class=\"ff27 ls1a2 ws1a6\">2.4<span class=\"_ _186\"> </span></span>5.6<span class=\"_ _10b\"> </span><span class=\"ff27\">\u2014 <span class=\"_ _13a\"> </span></span>\u2014 Other receivables<span class=\"_ _227\"> </span><span class=\"ff27 ls7f ws70\">1.7<span class=\"_ _13a\"> </span></span><span class=\"ls60 ws5b\">3<span class=\"_ _0\"></span>.1<span class=\"_ _90\"> </span><span class=\"ff27 ls6 ws0\">\u2014<span class=\"_ _62\"> </span><span class=\"ff28\">\u2014</span></span></span> <span class=\"_ _100\"> </span><span class=\"ff27 lscd wse4\">47.<span class=\"_ _5\"> </span>2<span class=\"_ _45\"> </span></span><span class=\"ls60 ws5b\">6<span class=\"_ _6\"></span>8<span class=\"_ _6\"></span>.1<span class=\"_ _f1\"> </span><span class=\"ff27 ls1b ws19\">141.<span class=\"_ _0\"></span>0<span class=\"_ _f3\"> </span></span><span class=\"lsfb wsf5\">191.<span class=\"_ _0\"></span>9<span class=\"_ _2cb\"> </span></span></span>Amo<span class=\"_ _0\"></span>unts ow<span class=\"_ _0\"></span>ed by Group un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>takin<span class=\"_ _0\"></span>gs are interes<span class=\"_ _0\"></span>t free, unse<span class=\"_ _0\"></span>cured and re<span class=\"_ _0\"></span>payabl<span class=\"_ _0\"></span>e on deman<span class=\"_ _0\"></span>d. The<span class=\"_ _0\"></span>se balance<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en conside<span class=\"_ _0\"></span>red for impair<span class=\"_ _0\"></span>ment and no c<span class=\"_ _0\"></span>redit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted on th<span class=\"_ _0\"></span>ese bala<span class=\"_ _0\"></span>nces.<span class=\"_ _2cb\"> </span><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs45e\">The v<span class=\"_ _0\"></span>alue of MU<span class=\"_ _0\"></span>Ps re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed but not invo<span class=\"_ _0\"></span>iced is inclu<span class=\"_ _0\"></span>ded in pre<span class=\"_ _0\"></span>payme<span class=\"_ _0\"></span>nts and a<span class=\"_ _0\"></span>ccrued inco<span class=\"_ _0\"></span>me. The val<span class=\"_ _0\"></span>ue at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023 was \u00a30.9m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls21 ws0 gs45f\">(30<span class=\"_ gs1\"> </span>Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>8m). No credit l<span class=\"_ _0\"></span>oss has b<span class=\"_ _0\"></span>een re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of the MU<span class=\"_ _0\"></span>Ps b<span class=\"_ _0\"></span>alance at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 (30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>: \u00a3nil).<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs460\">No cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>re exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted on the s<span class=\"_ _0\"></span>ales t<span class=\"_ _0\"></span>axes r<span class=\"_ _0\"></span>ecoverabl<span class=\"_ _0\"></span>e balance du<span class=\"_ _0\"></span>e to the financ<span class=\"_ _0\"></span>ial stren<span class=\"_ _0\"></span>gth of the cou<span class=\"_ _0\"></span>nterpar<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les are am<span class=\"_ _0\"></span>ounts d<span class=\"_ _0\"></span>ue from cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s for goo<span class=\"_ _0\"></span>ds sol<span class=\"_ _0\"></span>d in the ordina<span class=\"_ _0\"></span>ry co<span class=\"_ _0\"></span>urse of b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d initially at fair va<span class=\"_ _0\"></span>lue. Subse<span class=\"_ _0\"></span>quent to initial r<span class=\"_ _0\"></span>ecognit<span class=\"_ _0\"></span>ion the<span class=\"_ _0\"></span>y are measure<span class=\"_ _0\"></span>d at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cost using the e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve interest m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d less a<span class=\"_ _0\"></span>ny impairm<span class=\"_ _0\"></span>ent loss<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ying amou<span class=\"_ _0\"></span>nt of these b<span class=\"_ _0\"></span>alances a<span class=\"_ _0\"></span>pproximate<span class=\"_ _0\"></span>s to fair value due to the sho<span class=\"_ _0\"></span>rt m<span class=\"_ _0\"></span>aturit<span class=\"_ _0\"></span>y of amount<span class=\"_ _0\"></span>s rece<span class=\"_ _0\"></span>ivable. Allo<span class=\"_ _0\"></span>wances are c<span class=\"_ _0\"></span>alculate<span class=\"_ _0\"></span>d by reference to cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted to b<span class=\"_ _0\"></span>e incurre<span class=\"_ _0\"></span>d over the life<span class=\"_ _0\"></span>time of the re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>le using th<span class=\"_ _0\"></span>e simplifi<span class=\"_ _0\"></span>ed appro<span class=\"_ _0\"></span>ach, as de<span class=\"_ _0\"></span>scrib<span class=\"_ _0\"></span>ed in note 16.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "1<span class=\"_ _1\"></span>5. B<span class=\"_ _0\"></span>orrowings<span class=\"_ _2cb\"> </span>Borr<span class=\"_ _0\"></span>owings are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed initiall<span class=\"_ _0\"></span>y at fair value, whi<span class=\"_ _0\"></span>ch equals th<span class=\"_ _0\"></span>e procee<span class=\"_ _0\"></span>ds recei<span class=\"_ _0\"></span>ved les<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s. Fo<span class=\"_ _0\"></span>llowing t<span class=\"_ _0\"></span>he initial re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion, bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>re subseq<span class=\"_ _0\"></span>uently he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed cos<span class=\"_ _0\"></span>t. 2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber<span class=\"_ _228\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _10b\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Du<span class=\"_ _0\"></span>e with<span class=\"_ _0\"></span>in one ye<span class=\"_ _0\"></span>ar<span class=\"_ _2cb\"> </span>Bank loans<span class=\"_ _1d2\"> </span><span class=\"ff27 ls12d ws125\">5.2<span class=\"_ _b7\"> </span></span><span class=\"ls7e ws76\">0.9<span class=\"_ _2cb\"> </span></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al du<span class=\"_ _0\"></span>e with<span class=\"_ _0\"></span>in one ye<span class=\"_ _0\"></span>ar<span class=\"_ _229\"> </span><span class=\"fc3 ls12d ws125\">5.2<span class=\"_ _b7\"> </span><span class=\"ff28 ls7e ws76\">0.9<span class=\"_ _2cb\"> </span></span></span>Du<span class=\"_ _0\"></span>e aft<span class=\"_ _0\"></span>er on<span class=\"_ _0\"></span>e year<span class=\"_ _22a\"> </span><span class=\"ff28 fc3\"> </span>Bank lo<span class=\"_ _0\"></span>ans <span class=\"_ _228\"> </span><span class=\"ff27 lsa ws8\">26.4<span class=\"_ _8b\"> </span></span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _6\"></span>8<span class=\"_ _2cb\"> </span></span>Loan p<span class=\"_ _0\"></span>ayable to no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>contro<span class=\"_ _0\"></span>lling interes<span class=\"_ _0\"></span>t<span class=\"_ _22b\"> </span><span class=\"ff27 lscd wse4\">8<span class=\"_ _6\"></span>.1<span class=\"_ _db\"> </span></span><span class=\"ls15 ws13\">6.8<span class=\"_ _2cb\"> </span></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al du<span class=\"_ _0\"></span>e aft<span class=\"_ _0\"></span>er one ye<span class=\"_ _0\"></span>ar<span class=\"_ _1d1\"> </span><span class=\"fc3 ls178 ws17b\">34.5<span class=\"_ _ad\"> </span><span class=\"ff28 lsfb wsf5\">21.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span></span>Bank loans<span class=\"_ _2cb\"> </span>RM<span class=\"_ _0\"></span>B 4<span class=\"_ _0\"></span>4m (\u00a35.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m) of the amo<span class=\"_ _0\"></span>unt due wit<span class=\"_ _0\"></span>hin one year re<span class=\"_ _0\"></span>lates to the wo<span class=\"_ _0\"></span>rking ca<span class=\"_ _0\"></span>pital fac<span class=\"_ _0\"></span>ility i<span class=\"_ _0\"></span>n C<span class=\"_ _1\"></span>hina, w<span class=\"_ _0\"></span>hich comp<span class=\"_ _0\"></span>rises R<span class=\"_ _0\"></span>MB 50<span class=\"_ _0\"></span>m of the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span> total facili<span class=\"_ _0\"></span>ty of R<span class=\"_ _0\"></span>MB 30<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m, the remainin<span class=\"_ _0\"></span>g RMB 250<span class=\"_ _0\"></span>m relates to th<span class=\"_ _0\"></span>e capit<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pendi<span class=\"_ _0\"></span>ture facilit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Ea<span class=\"_ _0\"></span>ch drawdow<span class=\"_ _0\"></span>n under th<span class=\"_ _0\"></span>e workin<span class=\"_ _0\"></span>g capit<span class=\"_ _0\"></span>al facilit<span class=\"_ _0\"></span>y is requir<span class=\"_ _0\"></span>ed to be rep<span class=\"_ _0\"></span>aid at leas<span class=\"_ _0\"></span>t annually, after w<span class=\"_ _0\"></span>hich the b<span class=\"_ _0\"></span>alance ca<span class=\"_ _0\"></span>n be redraw<span class=\"_ _0\"></span>n. Interes<span class=\"_ _0\"></span>t is charge<span class=\"_ _0\"></span>d at the on<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>year Lo<span class=\"_ _0\"></span>an Prime R<span class=\"_ _0\"></span>ate of the Pe<span class=\"_ _0\"></span>ople\u2019s Bank of China +50b<span class=\"_ _0\"></span>ps and is charg<span class=\"_ _0\"></span>ed to the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, include<span class=\"_ _0\"></span>d within f<span class=\"_ _0\"></span>inance cost<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he remainin<span class=\"_ _0\"></span>g RMB 232m (\u00a326.5m, 30<span class=\"_ gs1\"> </span>Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r<span class=\"_ gs1\"> </span>2022<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _2\"></span>5.7<span class=\"_ _1\"></span>m), relating to the c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>enditure facil<span class=\"_ _0\"></span>ity, is repayab<span class=\"_ _0\"></span>le in line wi<span class=\"_ _0\"></span>th an agree<span class=\"_ _0\"></span>d sche<span class=\"_ _0\"></span>dule up to De<span class=\"_ _0\"></span>cembe<span class=\"_ _0\"></span>r 202<span class=\"_ _1\"></span>6, of<span class=\"_ _0\"></span> which \u00a30.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>: \u00a30.9m) is repayab<span class=\"_ _0\"></span>le with<span class=\"_ _0\"></span>in one year<span class=\"_ _1\"></span>. I<span class=\"_ _0\"></span>nterest is c<span class=\"_ _0\"></span>harged at t<span class=\"_ _0\"></span>he five<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>r Loan P<span class=\"_ _0\"></span>rime Rate of t<span class=\"_ _0\"></span>he Peo<span class=\"_ _0\"></span>ple\u2019s Bank of<span class=\"_ gs1\"> </span>China, which has b<span class=\"_ _0\"></span>een in th<span class=\"_ _0\"></span>e range of 4.<span class=\"_ _0\"></span>2% \u2013 4.3<span class=\"_ _1\"></span>% in th<span class=\"_ _0\"></span>e year end<span class=\"_ _0\"></span>ed 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023. The purp<span class=\"_ _0\"></span>ose of th<span class=\"_ _0\"></span>e loan is fun<span class=\"_ _0\"></span>ding the cons<span class=\"_ _0\"></span>truc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> of a manufac<span class=\"_ _0\"></span>turing faci<span class=\"_ _0\"></span>lity in China, wi<span class=\"_ _0\"></span>th the intere<span class=\"_ _0\"></span>st payab<span class=\"_ _0\"></span>le cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed as par<span class=\"_ _0\"></span>t of quali<span class=\"_ _0\"></span>fy<span class=\"_ _0\"></span>ing capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>iture with<span class=\"_ _0\"></span>in prope<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>y, plant and equip<span class=\"_ _0\"></span>ment. Durin<span class=\"_ _0\"></span>g the year<span class=\"_ _1\"></span>, intere<span class=\"_ _0\"></span>st of \u00a30.9m (F<span class=\"_ _0\"></span>Y 2022: \u00a30.3m<span class=\"_ _1\"></span>) has b<span class=\"_ _0\"></span>een c<span class=\"_ _0\"></span>apita<span class=\"_ _0\"></span>lised acco<span class=\"_ _0\"></span>rdingly. Loan pay<span class=\"_ _1\"></span>able to non-controlling interest<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s loan payab<span class=\"_ _0\"></span>le to the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controllin<span class=\"_ _0\"></span>g interest is i<span class=\"_ _0\"></span>nterest b<span class=\"_ _0\"></span>earing at 4% per annum. I<span class=\"_ _0\"></span>nterest p<span class=\"_ _0\"></span>ayable on t<span class=\"_ _0\"></span>he shareho<span class=\"_ _0\"></span>lder l<span class=\"_ _0\"></span>oan is roll<span class=\"_ _0\"></span>ed up into the valu<span class=\"_ _0\"></span>e of the loa<span class=\"_ _0\"></span>n, until repaym<span class=\"_ _0\"></span>ent occur<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e purpo<span class=\"_ _0\"></span>se of the sh<span class=\"_ _0\"></span>arehold<span class=\"_ _0\"></span>er loa<span class=\"_ _0\"></span>n is funding the co<span class=\"_ _0\"></span>nstru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of a manufac<span class=\"_ _0\"></span>turing faci<span class=\"_ _0\"></span>lity in<span class=\"_ _0\"></span> China, with th<span class=\"_ _0\"></span>e interest p<span class=\"_ _0\"></span>ayable c<span class=\"_ _0\"></span>apita<span class=\"_ _0\"></span>lised as p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of qualif<span class=\"_ _0\"></span>ying c<span class=\"_ _0\"></span>apita<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>enditure w<span class=\"_ _0\"></span>ithin prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ty, plant and equ<span class=\"_ _0\"></span>ipment.<span class=\"_ _2cb\"> </span>During t<span class=\"_ _0\"></span>he year<span class=\"_ _1\"></span>, in line w<span class=\"_ _0\"></span>ith the sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>er loan a<span class=\"_ _0\"></span>greem<span class=\"_ _0\"></span>ent, a loa<span class=\"_ _0\"></span>n of RMB 15m (<span class=\"_ _1\"></span>\u00a31<span class=\"_ _2\"></span>.7<span class=\"_ _1\"></span>m) was re<span class=\"_ _0\"></span>ceived fro<span class=\"_ _0\"></span>m the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>controlling i<span class=\"_ _0\"></span>nterest in Pa<span class=\"_ _0\"></span>njin V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X Hig<span class=\"_ _0\"></span>h Per<span class=\"_ _0\"></span>formance M<span class=\"_ _0\"></span>aterials Co., Ltd, Lia<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> X<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span> N<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>w M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> Co.,<span class=\"_ _0\"></span> L<span class=\"_ _0\"></span>td<span class=\"_ _0\"></span>. (<span class=\"_ _0\"></span>\u2018L<span class=\"_ _6\"></span>X<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>). T<span class=\"_ _0\"></span>his is the se<span class=\"_ _0\"></span>cond and f<span class=\"_ _0\"></span>inal inst<span class=\"_ _0\"></span>alment, w<span class=\"_ _0\"></span>ith the fi<span class=\"_ _0\"></span>rst<span class=\"_ _0\"></span> inst<span class=\"_ _0\"></span>alment of R<span class=\"_ _0\"></span>MB 50<span class=\"_ _0\"></span>m (\u00a35.6m) being re<span class=\"_ _0\"></span>ceived in F<span class=\"_ _0\"></span>Y 2021<span class=\"_ _2\"></span>. Bot<span class=\"_ _0\"></span>h instal<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s are unsec<span class=\"_ _0\"></span>ured and de<span class=\"_ _0\"></span>nominate<span class=\"_ _0\"></span>d in C<span class=\"_ _1\"></span>hin<span class=\"_ _0\"></span>ese Renm<span class=\"_ _0\"></span>inbi (\u2018RM<span class=\"_ _0\"></span>B\u2019), and had a comb<span class=\"_ _0\"></span>ined Sterling valu<span class=\"_ _0\"></span>e (includin<span class=\"_ _0\"></span>g rolled up inte<span class=\"_ _0\"></span>rest an<span class=\"_ _0\"></span>d the impa<span class=\"_ _0\"></span>ct of fore<span class=\"_ _0\"></span>ign curren<span class=\"_ _0\"></span>cy m<span class=\"_ _0\"></span>ovement<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the date th<span class=\"_ _0\"></span>e loan wa<span class=\"_ _0\"></span>s receive<span class=\"_ _0\"></span>d and the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et date) of \u00a38.<span class=\"_ _2\"></span>1m at 30 Septem<span class=\"_ _0\"></span>ber 2023 (30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>: \u00a36.8<span class=\"_ _0\"></span>m)<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span> The f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t instal<span class=\"_ _0\"></span>ment is repay<span class=\"_ _0\"></span>able on 3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2026, with th<span class=\"_ _0\"></span>e secon<span class=\"_ _0\"></span>d insta<span class=\"_ _0\"></span>lment repay<span class=\"_ _0\"></span>able on 3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2027<span class=\"_ _8\"></span>, or su<span class=\"_ _0\"></span>ch date as may be<span class=\"_ _0\"></span> mutuall<span class=\"_ _0\"></span>y agreed b<span class=\"_ _0\"></span>y the shareh<span class=\"_ _0\"></span>older<span class=\"_ _0\"></span>s, L<span class=\"_ _0\"></span>X an<span class=\"_ _0\"></span>d Vic<span class=\"_ _0\"></span>trex H<span class=\"_ _0\"></span>ong Kong L<span class=\"_ _0\"></span>imited. Dur<span class=\"_ _0\"></span>ing the year, the total intere<span class=\"_ _0\"></span>st cost o<span class=\"_ _0\"></span>f \u00a30.3m was capit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d into asset<span class=\"_ _0\"></span>s under c<span class=\"_ _1\"></span>onstruc<span class=\"_ _0\"></span>tion (30 September 2<span class=\"_ _1\"></span>022:<span class=\"_ _1\"></span> \u00a30.2m<span class=\"_ _1\"></span>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "Borr<span class=\"_ _0\"></span>owings are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed initiall<span class=\"_ _0\"></span>y at fair value, whi<span class=\"_ _0\"></span>ch equals th<span class=\"_ _0\"></span>e procee<span class=\"_ _0\"></span>ds recei<span class=\"_ _0\"></span>ved les<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s. Fo<span class=\"_ _0\"></span>llowing t<span class=\"_ _0\"></span>he initial re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion, bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>re subseq<span class=\"_ _0\"></span>uently he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed cos<span class=\"_ _0\"></span>t. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "16. Financial in<span class=\"_ _0\"></span>strument<span class=\"_ _0\"></span>s and ris<span class=\"_ _0\"></span>k managem<span class=\"_ _0\"></span>ent<span class=\"_ _2cb\"> </span>Derivative financial instru<span class=\"_ _0\"></span>ments and hedg<span class=\"_ _0\"></span>ing activitie<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Deri<span class=\"_ _0\"></span>vative fi<span class=\"_ _0\"></span>nancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s are prim<span class=\"_ _0\"></span>arily us<span class=\"_ _0\"></span>ed by the Grou<span class=\"_ _0\"></span>p to manage it<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>posure to chan<span class=\"_ _0\"></span>ges in forei<span class=\"_ _0\"></span>gn exchang<span class=\"_ _0\"></span>e rates relatin<span class=\"_ _0\"></span>g to overs<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span> sal<span class=\"_ _0\"></span>es and purcha<span class=\"_ _0\"></span>ses. I<span class=\"_ _0\"></span>n accordance w<span class=\"_ _0\"></span>ith it<span class=\"_ _0\"></span>s treasur<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the G<span class=\"_ _0\"></span>roup do<span class=\"_ _0\"></span>es not ho<span class=\"_ _0\"></span>ld or issu<span class=\"_ _0\"></span>e deriv<span class=\"_ _0\"></span>ative finan<span class=\"_ _0\"></span>cial instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s for trading p<span class=\"_ _0\"></span>urpos<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup hed<span class=\"_ _0\"></span>ges a pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of its ne<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>st sa<span class=\"_ _0\"></span>les, purcha<span class=\"_ _0\"></span>ses and e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses w<span class=\"_ _0\"></span>hich are den<span class=\"_ _0\"></span>ominated in a fo<span class=\"_ _0\"></span>reign curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y (<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge)<span class=\"_ _0\"></span> using for<span class=\"_ _0\"></span>ward e<span class=\"_ _0\"></span>xchange cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Boar<span class=\"_ _0\"></span>d is respo<span class=\"_ _0\"></span>nsible for s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing the he<span class=\"_ _0\"></span>dging po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y which is d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed overle<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he poli<span class=\"_ _0\"></span>cy is re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d and<span class=\"_ _0\"></span> approv<span class=\"_ _0\"></span>ed annually by t<span class=\"_ _0\"></span>he Board<span class=\"_ _0\"></span>. Hedg<span class=\"_ _0\"></span>ing is only ap<span class=\"_ _0\"></span>plied for t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t signifi<span class=\"_ _0\"></span>cant curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expo<span class=\"_ _0\"></span>sures whi<span class=\"_ _0\"></span>ch is revi<span class=\"_ _0\"></span>ewed annuall<span class=\"_ _0\"></span>y alongs<span class=\"_ _0\"></span>ide the<span class=\"_ _0\"></span> poli<span class=\"_ _0\"></span>cy. During F<span class=\"_ _0\"></span>Y 2023 the cur<span class=\"_ _0\"></span>rencie<span class=\"_ _0\"></span>s hedg<span class=\"_ _0\"></span>ed were US D<span class=\"_ _0\"></span>ollars a<span class=\"_ _0\"></span>nd Euro (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: s<span class=\"_ _0\"></span>ame). At the incept<span class=\"_ _0\"></span>ion of the t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, the Group d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts the re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hip bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n hedging i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d hedg<span class=\"_ _0\"></span>ed items inc<span class=\"_ _0\"></span>luding wh<span class=\"_ _0\"></span>ether<span class=\"_ _0\"></span> or not a ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ion is be<span class=\"_ _0\"></span>ing hedg<span class=\"_ _0\"></span>ed. A conclu<span class=\"_ _0\"></span>sion is rea<span class=\"_ _0\"></span>ched as to wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on qualifi<span class=\"_ _0\"></span>es as a ca<span class=\"_ _0\"></span>sh flow he<span class=\"_ _0\"></span>dge. Det<span class=\"_ _0\"></span>ails on he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> doc<span class=\"_ _0\"></span>umentat<span class=\"_ _0\"></span>ion are sh<span class=\"_ _0\"></span>own be<span class=\"_ _0\"></span>low.<span class=\"_ _2cb\"> </span>Ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ges<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s perm<span class=\"_ _0\"></span>itte<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 9 B.6.6.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, the Grou<span class=\"_ _0\"></span>p desig<span class=\"_ _0\"></span>nates overall ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions as he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tems whe<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are mana<span class=\"_ _0\"></span>ged as ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions for risk m<span class=\"_ _0\"></span>anagem<span class=\"_ _0\"></span>ent purpo<span class=\"_ _0\"></span>ses;<span class=\"_ _0\"></span>  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dges a<span class=\"_ _0\"></span>re for foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>s; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the init<span class=\"_ _0\"></span>ial hedg<span class=\"_ _0\"></span>e desi<span class=\"_ _0\"></span>gnation an<span class=\"_ _0\"></span>d docum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on set ou<span class=\"_ _0\"></span>t how the ite<span class=\"_ _0\"></span>ms within t<span class=\"_ _0\"></span>he net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n will af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span> The G<span class=\"_ _0\"></span>roup also d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts it<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ment, bot<span class=\"_ _0\"></span>h at hedg<span class=\"_ _0\"></span>e incepti<span class=\"_ _0\"></span>on and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, of wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e deri<span class=\"_ _0\"></span>vatives t<span class=\"_ _0\"></span>hat are used i<span class=\"_ _0\"></span>n hedging<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive in of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing change<span class=\"_ _0\"></span>s in cash fl<span class=\"_ _0\"></span>ows of he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d items.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>se foreig<span class=\"_ _0\"></span>n exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts are ini<span class=\"_ _0\"></span>tially re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d at fair value, wit<span class=\"_ _0\"></span>h most hav<span class=\"_ _0\"></span>ing maturit<span class=\"_ _0\"></span>ies of le<span class=\"_ _0\"></span>ss than o<span class=\"_ _0\"></span>ne year af<span class=\"_ _0\"></span>ter the ba<span class=\"_ _0\"></span>lance she<span class=\"_ _0\"></span>et date. Whe<span class=\"_ _0\"></span>re a deri<span class=\"_ _0\"></span>vative fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument is d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d as a hedg<span class=\"_ _0\"></span>e of the varia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y in cash f<span class=\"_ _0\"></span>lows of a re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ility, or a highly p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion, th<span class=\"_ _0\"></span>e effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of change<span class=\"_ _0\"></span>s in fair value is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y via th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>solidate<span class=\"_ _0\"></span>d sta<span class=\"_ _0\"></span>tement of comp<span class=\"_ _0\"></span>rehensi<span class=\"_ _0\"></span>ve income. T<span class=\"_ _0\"></span>he gain or l<span class=\"_ _0\"></span>oss rela<span class=\"_ _0\"></span>ting to the ine<span class=\"_ _0\"></span>ffec<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>tion is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed imme<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, throu<span class=\"_ _0\"></span>gh sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any cumulat<span class=\"_ _0\"></span>ive gain or l<span class=\"_ _0\"></span>oss e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g in equit<span class=\"_ _0\"></span>y is align<span class=\"_ _0\"></span>ed to the timi<span class=\"_ _0\"></span>ng of the hed<span class=\"_ _0\"></span>ged tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ting the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt and is clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as follow<span class=\"_ _0\"></span>s: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>hed<span class=\"_ _0\"></span>ging of a net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n \u2013 the cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss trans<span class=\"_ _0\"></span>ferred fro<span class=\"_ _0\"></span>m equit<span class=\"_ _0\"></span>y is se<span class=\"_ _0\"></span>parately p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d on the face of the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt with<span class=\"_ _0\"></span>in gains<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s) on foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y net hed<span class=\"_ _0\"></span>ging. Subs<span class=\"_ _0\"></span>equent re<span class=\"_ _0\"></span>valuations p<span class=\"_ _0\"></span>rior to s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement date a<span class=\"_ _0\"></span>re include<span class=\"_ _0\"></span>d in sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>other c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s \u2013 cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss ex<span class=\"_ _0\"></span>isting in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y at the tim<span class=\"_ _0\"></span>e when th<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion occu<span class=\"_ _0\"></span>rs is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the<span class=\"_ _0\"></span> income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent in the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding line tha<span class=\"_ _0\"></span>t the hed<span class=\"_ _0\"></span>ged item g<span class=\"_ _0\"></span>oes t<span class=\"_ _0\"></span>hrough be<span class=\"_ _0\"></span>ing revenue, cos<span class=\"_ _0\"></span>t of sal<span class=\"_ _0\"></span>es or sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Whe<span class=\"_ _0\"></span>n a foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion is no l<span class=\"_ _0\"></span>onger e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occur<span class=\"_ _1\"></span>, and th<span class=\"_ _0\"></span>erefore do<span class=\"_ _0\"></span>es not m<span class=\"_ _0\"></span>eet the c<span class=\"_ _0\"></span>riteria for c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge a<span class=\"_ _0\"></span>ccounting,<span class=\"_ _0\"></span> the cumul<span class=\"_ _0\"></span>ative gain o<span class=\"_ _0\"></span>r loss t<span class=\"_ _0\"></span>hat was repo<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y is imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y transferr<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement, t<span class=\"_ _0\"></span>hrough sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Hedge documentation a<span class=\"_ _1\"></span>nd effectiveness testing<span class=\"_ _2cb\"> </span>The d<span class=\"_ _0\"></span>ocum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on include<span class=\"_ _0\"></span>s identi<span class=\"_ _0\"></span>ficat<span class=\"_ _0\"></span>ion of the h<span class=\"_ _0\"></span>edging ite<span class=\"_ _0\"></span>m(s), the nature of the r<span class=\"_ _0\"></span>isk being h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>d and how th<span class=\"_ _0\"></span>e Group will a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss whe<span class=\"_ _0\"></span>ther the<span class=\"_ _0\"></span> hedgin<span class=\"_ _0\"></span>g relationship me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e hedge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tivene<span class=\"_ _0\"></span>ss requirem<span class=\"_ _0\"></span>ents.<span class=\"_ _0\"></span> Hed<span class=\"_ _0\"></span>ge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tiven<span class=\"_ _0\"></span>ess is a qua<span class=\"_ _0\"></span>litati<span class=\"_ _0\"></span>ve asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed in accordan<span class=\"_ _0\"></span>ce with I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. A hedging rel<span class=\"_ _0\"></span>ationship q<span class=\"_ _0\"></span>ualifie<span class=\"_ _0\"></span>s for hedg<span class=\"_ _0\"></span>e accounting i<span class=\"_ _0\"></span>f it meet<span class=\"_ _0\"></span>s all th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s requirem<span class=\"_ _0\"></span>ents: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>there is a<span class=\"_ _0\"></span>n econom<span class=\"_ _0\"></span>ic relati<span class=\"_ _0\"></span>onship bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tem and the h<span class=\"_ _0\"></span>edging ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nt;  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of the cre<span class=\"_ _0\"></span>dit risk d<span class=\"_ _0\"></span>oes not d<span class=\"_ _0\"></span>ominate th<span class=\"_ _0\"></span>e value chang<span class=\"_ _0\"></span>es that resul<span class=\"_ _0\"></span>t from the e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c relations<span class=\"_ _0\"></span>hip; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dge rati<span class=\"_ _0\"></span>o of the hed<span class=\"_ _0\"></span>ging relati<span class=\"_ _0\"></span>onship is th<span class=\"_ _0\"></span>e same a<span class=\"_ _0\"></span>s that used fo<span class=\"_ _0\"></span>r risk manag<span class=\"_ _0\"></span>ement pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> For f<span class=\"_ _0\"></span>inancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d in hedg<span class=\"_ _0\"></span>e accounting rela<span class=\"_ _0\"></span>tionship<span class=\"_ _0\"></span>s or that do n<span class=\"_ _0\"></span>ot meet th<span class=\"_ _0\"></span>e criteria fo<span class=\"_ _0\"></span>r hedg<span class=\"_ _0\"></span>e accounting, th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> on rem<span class=\"_ _0\"></span>easureme<span class=\"_ _0\"></span>nt to fair value is reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _0\"></span>mediate<span class=\"_ _0\"></span>ly in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement thro<span class=\"_ _0\"></span>ugh sal<span class=\"_ _0\"></span>es, marketin<span class=\"_ _0\"></span>g and adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Group<span class=\"_ _2cb\"> </span>Curren<span class=\"_ _0\"></span>cy ris<span class=\"_ _0\"></span>k<span class=\"_ _2cb\"> </span>Currently, the Group ex<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in excess of 9<span class=\"_ _0\"></span>8% of sale<span class=\"_ _0\"></span>s from the U<span class=\"_ _0\"></span>K and also im<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s raw materials fro<span class=\"_ _0\"></span>m overs<span class=\"_ _0\"></span>eas.<span class=\"_ _2cb\"> </span>Currenc<span class=\"_ _0\"></span>y risk is manag<span class=\"_ _0\"></span>ed by the Currenc<span class=\"_ _0\"></span>y Commit<span class=\"_ _0\"></span>tee, whic<span class=\"_ _0\"></span>h is chaired by th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>hi<span class=\"_ _0\"></span>ef Financial O<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ficer and co<span class=\"_ _0\"></span>mprise<span class=\"_ _0\"></span>s the Chief E<span class=\"_ _0\"></span>xecuti<span class=\"_ _0\"></span>ve Of<span class=\"_ _0\"></span>ficer a<span class=\"_ _0\"></span>nd seni<span class=\"_ _0\"></span>or finance exe<span class=\"_ _0\"></span>cutiv<span class=\"_ _0\"></span>es. It m<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>s monthl<span class=\"_ _0\"></span>y to review a<span class=\"_ _0\"></span>nd manage t<span class=\"_ _0\"></span>he Group\u2019s currenc<span class=\"_ _0\"></span>y he<span class=\"_ _0\"></span>dging ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span>, in line wit<span class=\"_ _0\"></span>h the hed<span class=\"_ _0\"></span>ging poli<span class=\"_ _0\"></span>cy ap<span class=\"_ _0\"></span>proved by th<span class=\"_ _0\"></span>e Board.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s hedging p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y is to defer th<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t on prof<span class=\"_ _0\"></span>its of cu<span class=\"_ _0\"></span>rrenc<span class=\"_ _0\"></span>y movem<span class=\"_ _0\"></span>ents by h<span class=\"_ _0\"></span>edging: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>a minimum of 8<span class=\"_ _0\"></span>0% and a max<span class=\"_ _0\"></span>imum of 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% of proje<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on exp<span class=\"_ _0\"></span>osures ar<span class=\"_ _0\"></span>ising from tra<span class=\"_ _0\"></span>ding in the for<span class=\"_ _0\"></span>thco<span class=\"_ _0\"></span>ming six-<span class=\"_ _0\"></span>month pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od;<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>a minimum of 75% and a maximum of 100% of pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ted trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion e<span class=\"_ _0\"></span>xposu<span class=\"_ _0\"></span>res arising in t<span class=\"_ _0\"></span>he follow<span class=\"_ _0\"></span>ing six-<span class=\"_ _0\"></span>month pe<span class=\"_ _0\"></span>riod.<span class=\"_ _2cb\"> </span>Profi<span class=\"_ _0\"></span>tabilit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>an var<span class=\"_ _0\"></span>y due to the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of fluc<span class=\"_ _0\"></span>tuating excha<span class=\"_ _0\"></span>nge rates o<span class=\"_ _0\"></span>n the unhed<span class=\"_ _0\"></span>ged p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tion of th<span class=\"_ _0\"></span>e transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>osures and f<span class=\"_ _0\"></span>rom revis<span class=\"_ _0\"></span>ed forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s of future tra<span class=\"_ _0\"></span>ding, whi<span class=\"_ _0\"></span>ch can lea<span class=\"_ _0\"></span>d to an adjus<span class=\"_ _0\"></span>tment of cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y cover in place. In ad<span class=\"_ _0\"></span>dition, t<span class=\"_ _0\"></span>he Group inclu<span class=\"_ _0\"></span>des a numb<span class=\"_ _0\"></span>er of foreig<span class=\"_ _0\"></span>n subsidiar<span class=\"_ _0\"></span>ies. A<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt of thes<span class=\"_ _0\"></span>e facto<span class=\"_ _0\"></span>rs, th<span class=\"_ _0\"></span>e Group\u2019s financial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts are e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed to curren<span class=\"_ _0\"></span>cy flu<span class=\"_ _0\"></span>ctuat<span class=\"_ _0\"></span>ions. T<span class=\"_ _0\"></span>he curre<span class=\"_ _0\"></span>ncies gi<span class=\"_ _0\"></span>ving ris<span class=\"_ _0\"></span>e to this translat<span class=\"_ _0\"></span>ion risk a<span class=\"_ _0\"></span>re primaril<span class=\"_ _0\"></span>y US Dollar an<span class=\"_ _0\"></span>d Euro. Sensitivit<span class=\"_ _0\"></span>y analysis<span class=\"_ _2cb\"> </span>The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of a 5<span class=\"_ _1\"></span>% s<span class=\"_ _0\"></span>trength<span class=\"_ _0\"></span>ening in the ave<span class=\"_ _0\"></span>rage Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>US Do<span class=\"_ _0\"></span>llar and Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Euro rates red<span class=\"_ _0\"></span>uces profit fo<span class=\"_ _0\"></span>r 2023 by \u00a32.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>m an<span class=\"_ _0\"></span>d \u00a34.2m (F<span class=\"_ _0\"></span>Y<span class=\"_ gs1\"> </span>2022: \u00a3<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>8m and \u00a36.0<span class=\"_ _0\"></span>m) respec<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>ct of a 5% streng<span class=\"_ _0\"></span>thening in th<span class=\"_ _0\"></span>e average Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>US D<span class=\"_ _0\"></span>ollar and Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Euro rates reduce<span class=\"_ _0\"></span>s equit<span class=\"_ _0\"></span>y for 2023 by \u00a30.<span class=\"_ _1\"></span>7m and \u00a30.8m (F<span class=\"_ _0\"></span>Y 2022: \u00a32.2m and \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1m<span class=\"_ _1\"></span>) res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>In accord<span class=\"_ _0\"></span>ance with I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9, the fair value of gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d on cas<span class=\"_ _0\"></span>h flow he<span class=\"_ _0\"></span>dges is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as p<span class=\"_ _0\"></span>art o<span class=\"_ _0\"></span>f gross prof<span class=\"_ _0\"></span>it.<span class=\"_ _2cb\"> </span>The n<span class=\"_ _0\"></span>otional co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t amount, c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount and fair valu<span class=\"_ _0\"></span>e of the Group\u2019s for<span class=\"_ _0\"></span>ward exchan<span class=\"_ _0\"></span>ge contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and swa<span class=\"_ _0\"></span>ps are as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _2cb\"> </span>As a<span class=\"_ _0\"></span>t 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _108\"> </span><span class=\"ff28\">A<span class=\"_ _0\"></span>s at 30 S<span class=\"_ _0\"></span>eptem<span class=\"_ _0\"></span>ber 202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>Notional<span class=\"_ _126\"> </span><span class=\"ls8b ws81\">Carr<span class=\"_ _0\"></span>ying<span class=\"_ _40\"> </span><span class=\"ff28 ls66 ws62\">N<span class=\"_ _0\"></span>otional<span class=\"_ _3c\"> </span><span class=\"ls9a ws8f\">Carrying<span class=\"_ _2cb\"> </span></span></span></span>contract <span class=\"_ _14\"> </span><span class=\"ls6 ws0\">amou<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d <span class=\"_ _f3\"> </span><span class=\"ff28 lsb4 wsab\">contra<span class=\"_ _0\"></span>ct <span class=\"_ _56\"> </span></span><span class=\"ff28\">am<span class=\"_ _0\"></span>ount an<span class=\"_ _0\"></span>d </span></span>amount <span class=\"_ _120\"> </span><span class=\"ls6 ws0\">fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue <span class=\"_ _e9\"> </span><span class=\"ff28\">a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t <span class=\"_ _7e\"> </span>fair va<span class=\"_ _0\"></span>lue </span></span>\u00a3m<span class=\"_ _124\"> </span><span class=\"ls6 ws0\"> \u00a3<span class=\"_ _0\"></span>m <span class=\"_ _95\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _10d\"> </span></span><span class=\"ff28\"> \u00a3m </span></span>C<span class=\"_ _1\"></span>urrent assets<span class=\"_ _22c\"> </span><span class=\"ff27 ls9 ws7\">105<span class=\"_ _0\"></span>.5<span class=\"_ _106\"> </span><span class=\"ls12d ws125\">2<span class=\"_ _0\"></span>.0<span class=\"_ _e2\"> </span></span></span><span class=\"ls6 ws0\">\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _2cb\"> </span></span>Current liabilitie<span class=\"_ _0\"></span>s <span class=\"_ _22d\"> </span><span class=\"ff27 ls6d wsc6\">86<span class=\"_ _0\"></span>.7<span class=\"_ _25\"> </span><span class=\"ls132 ws18d\">(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _3d\"> </span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _5\"></span>5<span class=\"_ _46\"> </span><span class=\"ls7e ws76\">(19.9)</span></span> <span class=\"_ _22e\"> </span><span class=\"ff27 ls1e ws1c\">192<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _106\"> </span><span class=\"ls17 ws14\">0.<span class=\"_ _0\"></span>2<span class=\"_ _42\"> </span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _42\"> </span><span class=\"ls7e ws76\">(1<span class=\"_ _1\"></span>9.9)<span class=\"_ _2cb\"> </span></span></span>The fair va<span class=\"_ _0\"></span>lues have b<span class=\"_ _0\"></span>een cal<span class=\"_ _0\"></span>culated by ap<span class=\"_ _0\"></span>plyin<span class=\"_ _0\"></span>g (where rel<span class=\"_ _0\"></span>evant), for equiv<span class=\"_ _0\"></span>alent maturi<span class=\"_ _0\"></span>ty pro<span class=\"_ _0\"></span>files, t<span class=\"_ _0\"></span>he rate at whic<span class=\"_ _0\"></span>h for<span class=\"_ _0\"></span>ward curren<span class=\"_ _0\"></span>cy contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s with th<span class=\"_ _0\"></span>e same p<span class=\"_ _0\"></span>rincipal am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s could be acq<span class=\"_ _0\"></span>uired at the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et date. The<span class=\"_ _0\"></span>se are ca<span class=\"_ _0\"></span>tegor<span class=\"_ _0\"></span>ised as L<span class=\"_ _0\"></span>evel 2 wit<span class=\"_ _0\"></span>hin the fair value hi<span class=\"_ _0\"></span>erarchy under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 7<span class=\"_ _2\"></span>.<span class=\"_ _2cb\"> </span>The fo<span class=\"_ _0\"></span>llowing t<span class=\"_ _0\"></span>able in<span class=\"_ _0\"></span>dicate<span class=\"_ _0\"></span>s the per<span class=\"_ _0\"></span>iods in w<span class=\"_ _0\"></span>hich cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s asso<span class=\"_ _0\"></span>ciated w<span class=\"_ _0\"></span>ith the matur<span class=\"_ _0\"></span>ity d<span class=\"_ _0\"></span>ate of the for<span class=\"_ _0\"></span>ward fore<span class=\"_ _0\"></span>ign exchang<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>ts for whic<span class=\"_ _0\"></span>h hedg<span class=\"_ _0\"></span>e accounting is ap<span class=\"_ _0\"></span>plied are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occur:<span class=\"_ _2cb\"> </span>As a<span class=\"_ _0\"></span>t 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _19b\"> </span><span class=\"ff28\">A<span class=\"_ _0\"></span>s at 3<span class=\"_ _0\"></span>0 Sept<span class=\"_ _0\"></span>embe<span class=\"_ _0\"></span>r 2022<span class=\"_ _2cb\"> </span></span>Expected<span class=\"_ _1\"></span> <span class=\"_ _39\"> </span><span class=\"ff28 ls8c ws82\">E<span class=\"_ _0\"></span>xpected<span class=\"_ _1\"></span> </span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _6c\"> </span>6 mon<span class=\"_ _0\"></span>ths <span class=\"_ _27\"> </span>6 to 12<span class=\"_ _7b\"> </span>12 to 18 <span class=\"_ _109\"> </span><span class=\"ff28\">c<span class=\"_ _0\"></span>ash <span class=\"_ _6d\"> </span>6 m<span class=\"_ _0\"></span>onths <span class=\"_ _ec\"> </span>6 to 12<span class=\"_ _69\"> </span>12 to 18 </span>flow<span class=\"_ _0\"></span>s <span class=\"_ _ea\"> </span>or l<span class=\"_ _0\"></span>ess<span class=\"_ _79\"> </span><span class=\"ls89 ws7f\"> months<span class=\"_ _1\"></span> <span class=\"_ _70\"> </span>months<span class=\"_ _d3\"> </span><span class=\"ff28 ls6 ws0\">flow<span class=\"_ _0\"></span>s <span class=\"_ _3f\"> </span>or le<span class=\"_ _0\"></span>ss<span class=\"_ _ef\"> </span> m<span class=\"_ _0\"></span>onths <span class=\"_ _ef\"> </span><span class=\"ls129 ws121\">m<span class=\"_ _0\"></span>onths<span class=\"_ _2cb\"> </span></span></span></span>\u00a3m<span class=\"_ _d3\"> </span> \u00a3m<span class=\"_ _109\"> </span><span class=\"ls6 ws0\"> \u00a3m <span class=\"_ _109\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _109\"> </span> \u00a3m<span class=\"_ _186\"> </span><span class=\"ls6 ws0\"> \u00a3m <span class=\"_ _109\"> </span></span>\u00a3m<span class=\"_ _2cb\"> </span></span>For<span class=\"_ _0\"></span>ward exchange contract<span class=\"_ _0\"></span>s:<span class=\"_ _22f\"> </span><span class=\"ff27 ls6 ws0\"> <span class=\"_ _e2\"> </span> <span class=\"_ _49\"> </span> <span class=\"_ _e2\"> </span> <span class=\"_ _163\"> </span><span class=\"ff28\"> <span class=\"_ _49\"> </span> <span class=\"_ _e2\"> </span> <span class=\"_ _49\"> </span> </span></span>\u2013 A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts <span class=\"_ _41\"> </span><span class=\"ff27 ls9 ws7\">105<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _f3\"> </span><span class=\"lscd wse4\">4<span class=\"_ _5\"></span>8<span class=\"_ _0\"></span>.1<span class=\"_ _40\"> </span><span class=\"ls6d wsc6\">49.7<span class=\"_ _102\"> </span></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _ee\"> </span></span></span>\u2014<span class=\"_ _b7\"> </span>\u2014<span class=\"_ _db\"> </span>\u2014<span class=\"_ _b7\"> </span>\u2014<span class=\"_ _2cb\"> </span>\u2013 Liab<span class=\"_ _0\"></span>ilities <span class=\"_ _230\"> </span><span class=\"ff27 ls6d wsc6\">86<span class=\"_ _0\"></span>.7<span class=\"_ _f1\"> </span><span class=\"lsc wsa\">30.9<span class=\"_ _f1\"> </span><span class=\"ls86 wsba\">3<span class=\"_ _0\"></span>9.2<span class=\"_ _f3\"> </span><span class=\"lsf wsd\">16<span class=\"_ _0\"></span>.6<span class=\"_ _f3\"> </span></span></span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _40\"> </span></span>85.<span class=\"_ _0\"></span>8<span class=\"_ _3d\"> </span><span class=\"ls60 ws5b\">9<span class=\"_ _5\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _115\"> </span><span class=\"lsfb wsf5\">2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6</span></span> <span class=\"_ _231\"> </span><span class=\"ff27 ls1e ws1c\">192<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _3d\"> </span><span class=\"ls86 wsba\">79.0<span class=\"_ _f1\"> </span><span class=\"lsc wsa\">88.9<span class=\"_ _3b\"> </span><span class=\"lsfa wsf4\">24.3<span class=\"_ _f1\"> </span></span></span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _40\"> </span></span>85.8<span class=\"_ _40\"> </span><span class=\"ls60 ws5b\">9<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _115\"> </span><span class=\"lsfb wsf5\">2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span></span>The av<span class=\"_ _0\"></span>erage excha<span class=\"_ _0\"></span>nge rates on o<span class=\"_ _0\"></span>pen for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d currenc<span class=\"_ _0\"></span>y contra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s are:<span class=\"_ _2cb\"> </span>US Dollar<span class=\"_ _232\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>23<span class=\"_ _f3\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _f1\"> </span>1.<span class=\"_ _6\"></span>22<span class=\"_ _90\"> </span></span><span class=\"ls6 ws0\"> <span class=\"_ _42\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>4<span class=\"_ _40\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _e9\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span></span>Euro<span class=\"_ _1df\"> </span><span class=\"ff27 lscd wse4\">1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>3<span class=\"_ _115\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>3<span class=\"_ _115\"> </span>1<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>3<span class=\"_ _90\"> </span></span><span class=\"ls6 ws0\"> <span class=\"_ _11a\"> </span><span class=\"ls60 ws5b\">1.1<span class=\"_ _0\"></span>7<span class=\"_ _46\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>6<span class=\"_ _46\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span></span>Gains and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es defer<span class=\"_ _0\"></span>red in the he<span class=\"_ _0\"></span>dging res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve in equit<span class=\"_ _0\"></span>y on fo<span class=\"_ _0\"></span>rw<span class=\"_ _0\"></span>ard foreign e<span class=\"_ _0\"></span>xchange contra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 will be re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement dur<span class=\"_ _0\"></span>ing the pe<span class=\"_ _0\"></span>riod in w<span class=\"_ _0\"></span>hich the h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>d foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, whi<span class=\"_ _0\"></span>ch is t<span class=\"_ _0\"></span>ypic<span class=\"_ _0\"></span>ally one to t<span class=\"_ _0\"></span>wo months pr<span class=\"_ _0\"></span>ior to the c<span class=\"_ _0\"></span>ash flow o<span class=\"_ _0\"></span>ccurring. At 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023, there are a num<span class=\"_ _0\"></span>ber of hed<span class=\"_ _0\"></span>ged fore<span class=\"_ _0\"></span>ign curren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns which are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to o<span class=\"_ _0\"></span>ccur at various d<span class=\"_ _0\"></span>ates during t<span class=\"_ _0\"></span>he nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs. During t<span class=\"_ _0\"></span>he year<span class=\"_ _1\"></span>, lo<span class=\"_ _0\"></span>sses of \u00a30.6<span class=\"_ _0\"></span>m (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s of \u00a33.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m) relatin<span class=\"_ _0\"></span>g to unset<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d for<span class=\"_ _0\"></span>ward exchang<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s on the bala<span class=\"_ _0\"></span>nce shee<span class=\"_ _0\"></span>t at 30 Sep<span class=\"_ _0\"></span>tember 2023 were r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement.<span class=\"_ _2cb\"> </span>Gains and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent on contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s which are y<span class=\"_ _0\"></span>et to set<span class=\"_ _0\"></span>tle are ad<span class=\"_ _0\"></span>justed a<span class=\"_ _0\"></span>s a non-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash movem<span class=\"_ _0\"></span>ent on the cash<span class=\"_ gs1\"> </span>f<span class=\"_ _0\"></span>low st<span class=\"_ _0\"></span>atement. T<span class=\"_ _0\"></span>his equa<span class=\"_ _0\"></span>ted to a gain of \u00a32.5m in the yea<span class=\"_ _0\"></span>r (F<span class=\"_ _0\"></span>Y 2022: loss of \u00a34.0m).<span class=\"_ _2cb\"> </span>The<span class=\"_ _0\"></span>re was no he<span class=\"_ _0\"></span>dge inef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ness d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar (F<span class=\"_ _0\"></span>Y 2022: nil). The hed<span class=\"_ _0\"></span>ge ratio is 1<span class=\"_ _1\"></span>:<span class=\"_ _1\"></span>1 in all ins<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces.<span class=\"_ _2cb\"> </span>Cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup manag<span class=\"_ _0\"></span>es exp<span class=\"_ _0\"></span>osure to cre<span class=\"_ _0\"></span>dit risk at many l<span class=\"_ _0\"></span>evels ranging fr<span class=\"_ _0\"></span>om Exe<span class=\"_ _0\"></span>cutive D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tor appro<span class=\"_ _0\"></span>val being re<span class=\"_ _0\"></span>quired for th<span class=\"_ _0\"></span>e credit lim<span class=\"_ _0\"></span>its of large<span class=\"_ _0\"></span>r custome<span class=\"_ _0\"></span>rs, to th<span class=\"_ _0\"></span>e use of let<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s of credit an<span class=\"_ _0\"></span>d cash in ad<span class=\"_ _0\"></span>vance wh<span class=\"_ _0\"></span>ere appro<span class=\"_ _0\"></span>priate. Inter<span class=\"_ _0\"></span>nal proce<span class=\"_ _0\"></span>dures requ<span class=\"_ _0\"></span>ire regular cons<span class=\"_ _0\"></span>iderati<span class=\"_ _0\"></span>on of credi<span class=\"_ _0\"></span>t ratings, b<span class=\"_ _0\"></span>oth internally fo<span class=\"_ _0\"></span>r lower valu<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>ers and r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed cred<span class=\"_ _0\"></span>it reference ag<span class=\"_ _0\"></span>encie<span class=\"_ _0\"></span>s for higher va<span class=\"_ _0\"></span>lue custo<span class=\"_ _0\"></span>mers<span class=\"_ _0\"></span>, payme<span class=\"_ _0\"></span>nt histor<span class=\"_ _0\"></span>y, aged ite<span class=\"_ _0\"></span>ms and proa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve debt co<span class=\"_ _0\"></span>llec<span class=\"_ _0\"></span>tion. A<span class=\"_ _0\"></span>ll custo<span class=\"_ _0\"></span>mers a<span class=\"_ _0\"></span>re assign<span class=\"_ _0\"></span>ed a credi<span class=\"_ _0\"></span>t limit whic<span class=\"_ _0\"></span>h is subjec<span class=\"_ _0\"></span>t to annual re<span class=\"_ _0\"></span>view. C<span class=\"_ _1\"></span>ons<span class=\"_ _0\"></span>iderati<span class=\"_ _0\"></span>on is given to s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant adver<span class=\"_ _0\"></span>se chan<span class=\"_ _0\"></span>ges in bus<span class=\"_ _0\"></span>iness<span class=\"_ _0\"></span>, financial an<span class=\"_ _0\"></span>d econom<span class=\"_ _0\"></span>ic conditi<span class=\"_ _0\"></span>ons that may c<span class=\"_ _0\"></span>ause a signi<span class=\"_ _0\"></span>ficant cha<span class=\"_ _0\"></span>nge in the a<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y of custo<span class=\"_ _0\"></span>mers to m<span class=\"_ _0\"></span>eet th<span class=\"_ _0\"></span>eir obliga<span class=\"_ _0\"></span>tions. A<span class=\"_ _0\"></span>ny adve<span class=\"_ _0\"></span>rse da<span class=\"_ _0\"></span>ta relatin<span class=\"_ _0\"></span>g to these fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s is consid<span class=\"_ _0\"></span>ered in de<span class=\"_ _0\"></span>termining w<span class=\"_ _0\"></span>hether t<span class=\"_ _0\"></span>here has b<span class=\"_ _0\"></span>een a signif<span class=\"_ _0\"></span>icant incre<span class=\"_ _0\"></span>ase in cre<span class=\"_ _0\"></span>dit risk of a fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>set on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis through<span class=\"_ _0\"></span>out each re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d. Regardl<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he analy<span class=\"_ _0\"></span>sis, an increas<span class=\"_ _0\"></span>e in credi<span class=\"_ _0\"></span>t risk is presu<span class=\"_ _0\"></span>med if a d<span class=\"_ _0\"></span>ebtor is mor<span class=\"_ _0\"></span>e than 30 day<span class=\"_ _0\"></span>s past du<span class=\"_ _0\"></span>e in making a contra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l payme<span class=\"_ _0\"></span>nt.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has app<span class=\"_ _0\"></span>lied th<span class=\"_ _0\"></span>e simplifi<span class=\"_ _0\"></span>ed appro<span class=\"_ _0\"></span>ach to mea<span class=\"_ _0\"></span>suring ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, which req<span class=\"_ _0\"></span>uires lifetim<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted los<span class=\"_ _0\"></span>ses to b<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nised fro<span class=\"_ _0\"></span>m initial re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on for trad<span class=\"_ _0\"></span>e receiva<span class=\"_ _0\"></span>bles. L<span class=\"_ _0\"></span>ifetim<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted credit l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es for trad<span class=\"_ _0\"></span>e receiva<span class=\"_ _0\"></span>bles ar<span class=\"_ _0\"></span>e calculate<span class=\"_ _0\"></span>d base<span class=\"_ _0\"></span>d on histor<span class=\"_ _0\"></span>ical l<span class=\"_ _0\"></span>oss rates a<span class=\"_ _0\"></span>nd adjus<span class=\"_ _0\"></span>ted whe<span class=\"_ _0\"></span>re neces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y for rel<span class=\"_ _0\"></span>evant for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-lo<span class=\"_ _0\"></span>oking e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>rade r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles have b<span class=\"_ _0\"></span>een grou<span class=\"_ _0\"></span>ped for thi<span class=\"_ _0\"></span>s analy<span class=\"_ _0\"></span>sis bas<span class=\"_ _0\"></span>ed on share<span class=\"_ _0\"></span>d credit ri<span class=\"_ _0\"></span>sk charac<span class=\"_ _0\"></span>terist<span class=\"_ _0\"></span>ics<span class=\"_ _0\"></span>, including th<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent and countr<span class=\"_ _0\"></span>y/<span class=\"_ _0\"></span>region in w<span class=\"_ _0\"></span>hich the cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r operate<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e mode<span class=\"_ _0\"></span>l, which co<span class=\"_ _0\"></span>nsider<span class=\"_ _0\"></span>s macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>econ<span class=\"_ _0\"></span>omic inform<span class=\"_ _0\"></span>ation, has b<span class=\"_ _0\"></span>een ap<span class=\"_ _0\"></span>plied to th<span class=\"_ _0\"></span>e Group\u2019s two s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>s dif<span class=\"_ _0\"></span>ferentl<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Fo<span class=\"_ _0\"></span>r trade re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es in the Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>oluti<span class=\"_ _0\"></span>ons se<span class=\"_ _0\"></span>ctor, a different l<span class=\"_ _0\"></span>oss rate has b<span class=\"_ _0\"></span>een ap<span class=\"_ _0\"></span>plied to th<span class=\"_ _0\"></span>e USA and Ja<span class=\"_ _0\"></span>pan compa<span class=\"_ _0\"></span>red to the rema<span class=\"_ _0\"></span>inder of th<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent\u2019s geo<span class=\"_ _0\"></span>graphic<span class=\"_ _0\"></span>al market<span class=\"_ _0\"></span>s. In th<span class=\"_ _0\"></span>e Medi<span class=\"_ _0\"></span>cal se<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>, a sin<span class=\"_ _0\"></span>gle highe<span class=\"_ _0\"></span>r rate of allowan<span class=\"_ _0\"></span>ce has bee<span class=\"_ _0\"></span>n used to ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t the high<span class=\"_ _0\"></span>er risk of d<span class=\"_ _0\"></span>efault of the customer base.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s payment ter<span class=\"_ _0\"></span>ms ty<span class=\"_ _0\"></span>pica<span class=\"_ _0\"></span>lly range fro<span class=\"_ _0\"></span>m 30 to 60 day<span class=\"_ _0\"></span>s dep<span class=\"_ _0\"></span>ending o<span class=\"_ _0\"></span>n geog<span class=\"_ _0\"></span>raphy<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>rad<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>vables a<span class=\"_ _0\"></span>re spec<span class=\"_ _0\"></span>ificall<span class=\"_ _0\"></span>y impaire<span class=\"_ _0\"></span>d and consid<span class=\"_ _0\"></span>ered in de<span class=\"_ _0\"></span>fault when th<span class=\"_ _0\"></span>e amount is in di<span class=\"_ _0\"></span>spute, when c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs are b<span class=\"_ _0\"></span>elieved to b<span class=\"_ _0\"></span>e in financia<span class=\"_ _0\"></span>l diff<span class=\"_ _0\"></span>icult<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, or if a<span class=\"_ _0\"></span>ny other reas<span class=\"_ _0\"></span>on exis<span class=\"_ _0\"></span>ts which i<span class=\"_ _0\"></span>mplies t<span class=\"_ _0\"></span>hat there is d<span class=\"_ _0\"></span>oubt over th<span class=\"_ _0\"></span>e recoverab<span class=\"_ _0\"></span>ility of t<span class=\"_ _0\"></span>he debt<span class=\"_ _0\"></span>. They are w<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ten of<span class=\"_ _0\"></span>f when th<span class=\"_ _0\"></span>ere is no reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n of recover<span class=\"_ _0\"></span>y, based o<span class=\"_ _0\"></span>n an est<span class=\"_ _0\"></span>imate of the finan<span class=\"_ _0\"></span>cial pos<span class=\"_ _0\"></span>ition of th<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>Im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of cli<span class=\"_ _0\"></span>mate c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _2cb\"> </span>Climate change w<span class=\"_ _0\"></span>ill impac<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s in dif<span class=\"_ _0\"></span>ferent way<span class=\"_ _0\"></span>s and over dif<span class=\"_ _0\"></span>ferent tim<span class=\"_ _0\"></span>e horizons<span class=\"_ _0\"></span>. Whils<span class=\"_ _0\"></span>t the overall im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e on the Gro<span class=\"_ _0\"></span>up\u2019s revenue is anticip<span class=\"_ _0\"></span>ated to be p<span class=\"_ _0\"></span>ositiv<span class=\"_ _0\"></span>e, there will b<span class=\"_ _0\"></span>e markets<span class=\"_ _0\"></span>/s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tors w<span class=\"_ _0\"></span>hich are ad<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>ely impac<span class=\"_ _0\"></span>ted. T<span class=\"_ _0\"></span>his is not ant<span class=\"_ _0\"></span>icipated to have a<span class=\"_ _0\"></span>n adver<span class=\"_ _0\"></span>se imp<span class=\"_ _0\"></span>act in t<span class=\"_ _0\"></span>he shor<span class=\"_ _0\"></span>t-term as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment of re<span class=\"_ _0\"></span>coverabilit<span class=\"_ _0\"></span>y, i.e<span class=\"_ _1\"></span>. over t<span class=\"_ _0\"></span>he life of the re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es on the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023. The ag<span class=\"_ _0\"></span>eing of trad<span class=\"_ _0\"></span>e receiva<span class=\"_ _0\"></span>bles is sh<span class=\"_ _0\"></span>own be<span class=\"_ _0\"></span>low wit<span class=\"_ _0\"></span>h 84% not yet due of w<span class=\"_ _0\"></span>hich the vas<span class=\"_ _0\"></span>t major<span class=\"_ _0\"></span>ity w<span class=\"_ _0\"></span>ill be cle<span class=\"_ _0\"></span>ared wi<span class=\"_ _0\"></span>thin 60 day<span class=\"_ _0\"></span>s of the year e<span class=\"_ _0\"></span>nd. The G<span class=\"_ _0\"></span>roup moni<span class=\"_ _0\"></span>tors the a<span class=\"_ _0\"></span>geing an<span class=\"_ _0\"></span>d profile of the re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es on a reg<span class=\"_ _0\"></span>ular basis, i<span class=\"_ _0\"></span>ncluding th<span class=\"_ _0\"></span>e regular us<span class=\"_ _0\"></span>e of ex<span class=\"_ _0\"></span>ternal cre<span class=\"_ _0\"></span>dit rating ag<span class=\"_ _0\"></span>encie<span class=\"_ _0\"></span>s, and upda<span class=\"_ _0\"></span>tes the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted c<span class=\"_ _0\"></span>redit los<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el assump<span class=\"_ _0\"></span>tions if ev<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ce of changing tren<span class=\"_ _0\"></span>ds or risk pr<span class=\"_ _0\"></span>ofiles em<span class=\"_ _0\"></span>erges<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les, b<span class=\"_ _0\"></span>eing \u2018held to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t\u2019 a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s, ca<span class=\"_ _0\"></span>n be analy<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _161\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Amo<span class=\"_ _0\"></span>unts n<span class=\"_ _0\"></span>ot past du<span class=\"_ _0\"></span>e<span class=\"_ _233\"> </span><span class=\"ff27 ls17 ws14\">30.5<span class=\"_ _8a\"> </span></span><span class=\"lse wsc\">36<span class=\"_ _0\"></span>.0<span class=\"_ _2cb\"> </span></span>Amo<span class=\"_ _0\"></span>unts p<span class=\"_ _0\"></span>ast due:<span class=\"_ _234\"> </span> \u2013 Les<span class=\"_ _0\"></span>s than 30 day<span class=\"_ _0\"></span>s <span class=\"_ _235\"> </span><span class=\"ff27 lsc wsa\">4.6<span class=\"_ _b7\"> </span></span><span class=\"ls29 ws26\">2.3<span class=\"_ _2cb\"> </span></span>\u2013 30 to 60 d<span class=\"_ _0\"></span>ays <span class=\"_ _236\"> </span><span class=\"ff27 lsc wsa\">0.6<span class=\"_ _b7\"> </span></span><span class=\"ls7e ws76\">0.9<span class=\"_ _2cb\"> </span></span>\u2013 More t<span class=\"_ _0\"></span>han 60 day<span class=\"_ _0\"></span>s<span class=\"_ _237\"> </span><span class=\"ff27 ls17 ws14\">0.3<span class=\"_ _b7\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span>T<span class=\"_ _1\"></span>otal p<span class=\"_ _0\"></span>ast du<span class=\"_ _0\"></span>e <span class=\"_ _238\"> </span><span class=\"ff27 ls12d ws125\">5.5<span class=\"_ _106\"> </span></span><span class=\"ls15 ws13\">4.4<span class=\"_ _2cb\"> </span></span>Lifet<span class=\"_ _0\"></span>ime ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses<span class=\"_ _239\"> </span><span class=\"ff27 ls1c ws1a\">(0.5<span class=\"_ _0\"></span>)<span class=\"_ _11a\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.1)<span class=\"_ _2cb\"> </span></span>Amo<span class=\"_ _0\"></span>unts sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>ficall<span class=\"_ _0\"></span>y impaired <span class=\"_ _23a\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _124\"> </span></span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span>Spe<span class=\"_ _0\"></span>cific al<span class=\"_ _0\"></span>lowances fo<span class=\"_ _0\"></span>r bad and d<span class=\"_ _0\"></span>oubtf<span class=\"_ _0\"></span>ul debt<span class=\"_ _0\"></span>s <span class=\"_ _23b\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _11a\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>Carr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount of impair<span class=\"_ _0\"></span>ed recei<span class=\"_ _0\"></span>vable<span class=\"_ _0\"></span>s <span class=\"_ _1ea\"> </span><span class=\"ff27\">\u2014<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>rad<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les n<span class=\"_ _0\"></span>et of al<span class=\"_ _0\"></span>lowan<span class=\"_ _0\"></span>ces <span class=\"_ _23c\"> </span><span class=\"fc3 ls18 ws15\">35.5<span class=\"_ _8b\"> </span><span class=\"ff28 ls7e ws76\">39.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></span>Move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in the allow<span class=\"_ _0\"></span>ance for impair<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s were:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>At beginnin<span class=\"_ _0\"></span>g of year<span class=\"_ _23d\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>2<span class=\"_ _b7\"> </span></span>0.8<span class=\"_ _2cb\"> </span>Charge in the yea<span class=\"_ _0\"></span>r<span class=\"_ _221\"> </span><span class=\"ff27 ls7f ws70\">1.3<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span>Rele<span class=\"_ _0\"></span>ase of allo<span class=\"_ _0\"></span>wance<span class=\"_ _14e\"> </span><span class=\"ff27 ls132 ws18d\">(1.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _ad\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>At end o<span class=\"_ _0\"></span>f year <span class=\"_ _23e\"> </span><span class=\"fc3 lsc wsa\">0.6<span class=\"_ _b7\"> </span><span class=\"ff28 lsfb wsf5\">1.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></span>The ra<span class=\"_ _0\"></span>nge of ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>s (\u2018ECL<span class=\"_ _2\"></span>\u2019) allow<span class=\"_ _0\"></span>ance is as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _2cb\"> </span>Le<span class=\"_ _0\"></span>ss tha<span class=\"_ _0\"></span>n<span class=\"_ _5e\"> </span>30 to 6<span class=\"_ _0\"></span>0<span class=\"_ _5e\"> </span>6<span class=\"_ _0\"></span>0 to 90<span class=\"_ _b7\"> </span>Mo<span class=\"_ _0\"></span>re than<span class=\"_ _2cb\"> </span>30 da<span class=\"_ _0\"></span>ys <span class=\"_ _1e9\"> </span><span class=\"ls66 ws62\">d<span class=\"_ _0\"></span>ays<span class=\"_ _107\"> </span>day<span class=\"_ _0\"></span>s<span class=\"_ _d2\"> </span></span>90 da<span class=\"_ _0\"></span>ys<span class=\"_ _2cb\"> </span>Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt<span class=\"_ _5e\"> </span><span class=\"ls6 ws0\">p<span class=\"_ _0\"></span>ast d<span class=\"_ _0\"></span>ue<span class=\"_ _5e\"> </span>pas<span class=\"_ _0\"></span>t due<span class=\"_ _5e\"> </span>pa<span class=\"_ _0\"></span>st du<span class=\"_ _0\"></span>e<span class=\"_ _5e\"> </span>pas<span class=\"_ _0\"></span>t due<span class=\"_ _10e\"> </span><span class=\"ff27 ls1a1 ws1a2\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></span></span>\u00a3m<span class=\"_ _1a0\"> </span>\u00a3m<span class=\"_ _1a0\"> </span>\u00a3m<span class=\"_ _23f\"> </span>\u00a3m<span class=\"_ _1a0\"> </span>\u00a3m<span class=\"_ _1a0\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _2cb\"> </span></span>2023<span class=\"_ _d4\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _240\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span><span class=\"ff27\"> </span></span>% allowa<span class=\"_ _0\"></span>nce<span class=\"_ _242\"> </span><span class=\"ls19 ws16\">0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.3%<span class=\"_ _eb\"> </span><span class=\"lsea wse5\">0<span class=\"_ _0\"></span>.5%<span class=\"_ _6\"></span>\u20131.5%<span class=\"_ _7e\"> </span><span class=\"ls6a ws66\">20%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>50%<span class=\"_ _70\"> </span>5<span class=\"_ _0\"></span>0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0%<span class=\"_ _243\"> </span><span class=\"ls6c ws68\">75%<span class=\"_ _6\"></span>\u201310<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _244\"> </span></span></span></span></span><span class=\"ff27\"> </span>T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les<span class=\"_ _245\"> </span><span class=\"ls9 ws7\">30.5<span class=\"_ _29\"> </span></span>4.6<span class=\"_ _bf\"> </span>0.6<span class=\"_ _59\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _59\"> </span></span>0.3<span class=\"_ _a3\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span>Allo<span class=\"_ _0\"></span>wance (inclu<span class=\"_ _0\"></span>sive of spe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c impairm<span class=\"_ _0\"></span>ents)<span class=\"_ _18\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _f9\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1b0\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1b0\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)<span class=\"_ _163\"> </span><span class=\"ff27 ls1c ws1a\">(0.6)</span></span></span> <span class=\"_ _246\"> </span><span class=\"ff27 ls18 ws15\">35.5<span class=\"_ _2cb\"> </span></span>2022<span class=\"_ _d4\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _240\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span><span class=\"ff27\"> </span></span>% allowa<span class=\"_ _0\"></span>nce<span class=\"_ _242\"> </span><span class=\"ls19 ws16\">0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.3%<span class=\"_ _eb\"> </span><span class=\"lsea wse5\">0<span class=\"_ _0\"></span>.5%<span class=\"_ _6\"></span>\u20131.5%<span class=\"_ _7e\"> </span><span class=\"ls6a ws66\">20%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>50%<span class=\"_ _70\"> </span>5<span class=\"_ _0\"></span>0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0%<span class=\"_ _243\"> </span><span class=\"ls6c ws68\">75%<span class=\"_ _6\"></span>\u201310<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _244\"> </span></span></span></span></span> T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les<span class=\"_ _245\"> </span><span class=\"lse wsc\">36.0<span class=\"_ _29\"> </span><span class=\"ls29 ws26\">2.3<span class=\"_ _107\"> </span><span class=\"ls7e ws76\">0.9<span class=\"_ _107\"> </span></span></span></span>0.6<span class=\"_ _107\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _11\"> </span><span class=\"ls9 ws7\">4<span class=\"_ _0\"></span>0.5<span class=\"_ _2cb\"> </span></span></span>Allo<span class=\"_ _0\"></span>wance (inclu<span class=\"_ _0\"></span>sive of spe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c impairm<span class=\"_ _0\"></span>ents)<span class=\"_ _18\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _f9\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)<span class=\"_ _247\"> </span><span class=\"ls22 ws6b\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _247\"> </span><span class=\"ls6 ws0\">(0.5)<span class=\"_ _a3\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)</span></span></span></span></span> <span class=\"_ _248\"> </span> <span class=\"_ _240\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _10e\"> </span><span class=\"ls7e ws76\">39.3<span class=\"_ _2cb\"> </span></span>The c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k in respe<span class=\"_ _0\"></span>ct of c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s, other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and der<span class=\"_ _0\"></span>ivativ<span class=\"_ _0\"></span>e financial ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts is limi<span class=\"_ _0\"></span>ted be<span class=\"_ _0\"></span>cause th<span class=\"_ _0\"></span>e counterp<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>ies wi<span class=\"_ _0\"></span>th signifi<span class=\"_ _0\"></span>cant bala<span class=\"_ _0\"></span>nces are es<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>lished inter<span class=\"_ _0\"></span>national b<span class=\"_ _0\"></span>anks w<span class=\"_ _0\"></span>hose c<span class=\"_ _0\"></span>redit ratin<span class=\"_ _0\"></span>gs are monito<span class=\"_ _0\"></span>red on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis. Th<span class=\"_ _0\"></span>ese balance<span class=\"_ _0\"></span>s are there<span class=\"_ _0\"></span>fore conside<span class=\"_ _0\"></span>red to have low cre<span class=\"_ _0\"></span>dit risk o<span class=\"_ _0\"></span>n initial reco<span class=\"_ _0\"></span>gnitio<span class=\"_ _0\"></span>n. Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents<span class=\"_ _2cb\"> </span>Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s compris<span class=\"_ _0\"></span>e cash ba<span class=\"_ _0\"></span>lances, c<span class=\"_ _0\"></span>all dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r shor<span class=\"_ _0\"></span>t-term de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>ally of thre<span class=\"_ _0\"></span>e months o<span class=\"_ _0\"></span>r les<span class=\"_ _0\"></span>s. The c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s disclo<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Group bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t and in the Gro<span class=\"_ _0\"></span>up cash fl<span class=\"_ _0\"></span>ow st<span class=\"_ _0\"></span>atement inclu<span class=\"_ _0\"></span>de \u00a33.4<span class=\"_ _0\"></span>m ring<span class=\"_ _0\"></span>-fenced in th<span class=\"_ _0\"></span>e Group\u2019s C<span class=\"_ _1\"></span>hine<span class=\"_ _0\"></span>se subsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s, which is co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted to capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pansio<span class=\"_ _0\"></span>n (F<span class=\"_ _0\"></span>Y 2022: \u00a32<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>8m) and therefo<span class=\"_ _0\"></span>re is not availabl<span class=\"_ _0\"></span>e for general<span class=\"_ _1\"></span> use by the other en<span class=\"_ _1\"></span>tities within the Group.<span class=\"_ _2cb\"> </span>Other financial assets<span class=\"_ _2cb\"> </span>Cash inves<span class=\"_ _0\"></span>ted in term or n<span class=\"_ _0\"></span>otice de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s greater tha<span class=\"_ _0\"></span>n three mo<span class=\"_ _0\"></span>nths in duratio<span class=\"_ _0\"></span>n doe<span class=\"_ _0\"></span>s not mee<span class=\"_ _0\"></span>t the criter<span class=\"_ _0\"></span>ia to be class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s cash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s. Accordi<span class=\"_ _0\"></span>ngly<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>ese d<span class=\"_ _0\"></span>eposi<span class=\"_ _0\"></span>ts have b<span class=\"_ _0\"></span>een pre<span class=\"_ _0\"></span>sented w<span class=\"_ _0\"></span>ithin other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and are c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _0\"></span>FRS 9.<span class=\"_ _2cb\"> </span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t consist<span class=\"_ _0\"></span>s of loa<span class=\"_ _0\"></span>ns receiva<span class=\"_ _0\"></span>ble. The l<span class=\"_ _0\"></span>oan rece<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e\u2019<span class=\"_ _1\"></span>s init<span class=\"_ _0\"></span>ial fair value is th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of the futu<span class=\"_ _0\"></span>re repay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s, discou<span class=\"_ _0\"></span>nted using a market rate of intere<span class=\"_ _0\"></span>st for an ar<span class=\"_ _0\"></span>ms lengt<span class=\"_ _0\"></span>h loan, w<span class=\"_ _0\"></span>hen the lo<span class=\"_ _0\"></span>an is granted inter<span class=\"_ _0\"></span>est fre<span class=\"_ _0\"></span>e. As th<span class=\"_ _0\"></span>e loans recei<span class=\"_ _0\"></span>vable are h<span class=\"_ _0\"></span>eld for coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion of contra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l cash fl<span class=\"_ _0\"></span>ows, w<span class=\"_ _0\"></span>here cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s repres<span class=\"_ _0\"></span>ent sol<span class=\"_ _0\"></span>ely paym<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>f principl<span class=\"_ _0\"></span>e and ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t, they are m<span class=\"_ _0\"></span>easured a<span class=\"_ _0\"></span>t amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost in a<span class=\"_ _0\"></span>ccordance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 9. Both the i<span class=\"_ _0\"></span>nitial dis<span class=\"_ _0\"></span>count bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the fair value an<span class=\"_ _0\"></span>d loan valu<span class=\"_ _0\"></span>e, and the subse<span class=\"_ _0\"></span>quent unw<span class=\"_ _0\"></span>ind of the dis<span class=\"_ _0\"></span>count is includ<span class=\"_ _0\"></span>ed withi<span class=\"_ _0\"></span>n finance (cost<span class=\"_ _0\"></span>s)/<span class=\"_ _0\"></span>incom<span class=\"_ _0\"></span>e in the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment. A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>e maximu<span class=\"_ _0\"></span>m exp<span class=\"_ _0\"></span>osure wit<span class=\"_ _0\"></span>h a single bank fo<span class=\"_ _0\"></span>r depo<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _0\"></span>lents a<span class=\"_ _0\"></span>nd other fin<span class=\"_ _0\"></span>ancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s) was \u00a3<span class=\"_ _1\"></span>19<span class=\"_ _1\"></span>.8<span class=\"_ _0\"></span>m (30 Se<span class=\"_ _0\"></span>ptember 2022: \u00a326.3m) for the Gro<span class=\"_ _0\"></span>up. As at 3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber 2023, the larg<span class=\"_ _0\"></span>est ma<span class=\"_ _0\"></span>rk to market exp<span class=\"_ _0\"></span>osure for gains o<span class=\"_ _0\"></span>n for<span class=\"_ _0\"></span>ward foreign e<span class=\"_ _0\"></span>xchange cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s to a singl<span class=\"_ _0\"></span>e bank was \u00a30.9m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022: \u00a3<span class=\"_ _1\"></span>nil). T<span class=\"_ _0\"></span>he amount<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>eposi<span class=\"_ _0\"></span>t at the year en<span class=\"_ _0\"></span>d repres<span class=\"_ _0\"></span>ent the Group\u2019s maxim<span class=\"_ _0\"></span>um exp<span class=\"_ _0\"></span>osure to credi<span class=\"_ _0\"></span>t risk on ca<span class=\"_ _0\"></span>sh and de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Liquidity risk<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s objec<span class=\"_ _0\"></span>tive in te<span class=\"_ _0\"></span>rms of fundin<span class=\"_ _0\"></span>g capac<span class=\"_ _0\"></span>ity is to e<span class=\"_ _0\"></span>nsure that it alw<span class=\"_ _0\"></span>ays has suf<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>ent shor<span class=\"_ _0\"></span>t-term and l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-term fundin<span class=\"_ _0\"></span>g available, eithe<span class=\"_ _0\"></span>r in the form of t<span class=\"_ _0\"></span>he Group\u2019s cash res<span class=\"_ _0\"></span>ources or co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted bank facili<span class=\"_ _0\"></span>ties. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p has suf<span class=\"_ _0\"></span>ficient fun<span class=\"_ _0\"></span>ds availabl<span class=\"_ _0\"></span>e to meet it<span class=\"_ _0\"></span>s curre<span class=\"_ _0\"></span>nt funding re<span class=\"_ _0\"></span>quireme<span class=\"_ _0\"></span>nts for bot<span class=\"_ _0\"></span>h revenue an<span class=\"_ _0\"></span>d capit<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>penditu<span class=\"_ _0\"></span>re. In order to fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er manage li<span class=\"_ _0\"></span>quidit<span class=\"_ _0\"></span>y risk to an a<span class=\"_ _0\"></span>cceptabl<span class=\"_ _0\"></span>e level, th<span class=\"_ _0\"></span>e Group had a U<span class=\"_ _0\"></span>K bank facilit<span class=\"_ _0\"></span>y of \u00a34<span class=\"_ _0\"></span>0m (\u00a320m co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted and \u00a320<span class=\"_ _0\"></span>m accordio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>) at th<span class=\"_ _0\"></span>e year end, w<span class=\"_ _0\"></span>hich was all un<span class=\"_ _0\"></span>drawn at th<span class=\"_ _0\"></span>e year end date. Subse<span class=\"_ _0\"></span>quent to the ye<span class=\"_ _0\"></span>ar end, the Gr<span class=\"_ _0\"></span>oup has rene<span class=\"_ _0\"></span>wed it<span class=\"_ _0\"></span>s bank facilit<span class=\"_ _0\"></span>y, increasing the fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>y to \u00a3<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>0m (\u00a340<span class=\"_ _0\"></span>m commit<span class=\"_ _0\"></span>ted an<span class=\"_ _0\"></span>d \u00a320m accordio<span class=\"_ _0\"></span>n)<span class=\"_ _1\"></span>, whi<span class=\"_ _0\"></span>ch exp<span class=\"_ _0\"></span>ires in Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 2026.<span class=\"_ _2cb\"> </span>Both th<span class=\"_ _0\"></span>e previo<span class=\"_ _0\"></span>us and renew<span class=\"_ _0\"></span>ed facilit<span class=\"_ _0\"></span>y conta<span class=\"_ _0\"></span>ins covenant measu<span class=\"_ _0\"></span>res that are te<span class=\"_ _0\"></span>sted bia<span class=\"_ _0\"></span>nnually. They consis<span class=\"_ _0\"></span>t of: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>levera<span class=\"_ _0\"></span>ge, being th<span class=\"_ _0\"></span>e ratio of Grou<span class=\"_ _0\"></span>p consolid<span class=\"_ _0\"></span>ated net d<span class=\"_ _0\"></span>ebt to Group cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d profit b<span class=\"_ _0\"></span>efore interes<span class=\"_ _0\"></span>t, ta<span class=\"_ _0\"></span>x, de<span class=\"_ _0\"></span>preciat<span class=\"_ _0\"></span>ion and amortisation; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>interes<span class=\"_ _0\"></span>t cover<span class=\"_ _1\"></span>, bein<span class=\"_ _0\"></span>g the ratio of G<span class=\"_ _0\"></span>roup conso<span class=\"_ _0\"></span>lidated prof<span class=\"_ _0\"></span>it before inte<span class=\"_ _0\"></span>rest an<span class=\"_ _0\"></span>d tax to th<span class=\"_ _0\"></span>e Group cons<span class=\"_ _0\"></span>olidated n<span class=\"_ _0\"></span>et interes<span class=\"_ _0\"></span>t.<span class=\"_ _2cb\"> </span>In ad<span class=\"_ _0\"></span>dition to t<span class=\"_ _0\"></span>he UK bank fac<span class=\"_ _0\"></span>ility, the Group ha<span class=\"_ _0\"></span>s an RMB l<span class=\"_ _0\"></span>oan facilit<span class=\"_ _0\"></span>y in P<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X<span class=\"_ _0\"></span>, det<span class=\"_ _0\"></span>ails of which a<span class=\"_ _0\"></span>re include<span class=\"_ _0\"></span>d in note 1<span class=\"_ _1\"></span>5.<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>e Group had a c<span class=\"_ _0\"></span>ash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _0\"></span>lent<span class=\"_ _0\"></span>s balance of \u00a333.4<span class=\"_ _0\"></span>m (30 Sep<span class=\"_ _0\"></span>tember 2022: \u00a358.7<span class=\"_ _1\"></span>m). In addi<span class=\"_ _0\"></span>tion to this, th<span class=\"_ _0\"></span>e Group had c<span class=\"_ _0\"></span>ash held o<span class=\"_ _0\"></span>n 95-<span class=\"_ _0\"></span>day n<span class=\"_ _0\"></span>otice dep<span class=\"_ _0\"></span>osit accou<span class=\"_ _0\"></span>nts of \u00a30.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m (3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2022: \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m). The max<span class=\"_ _0\"></span>imum dep<span class=\"_ _0\"></span>osit le<span class=\"_ _0\"></span>ngth utilis<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up when c<span class=\"_ _0\"></span>ash is inves<span class=\"_ _0\"></span>ted both d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar ende<span class=\"_ _0\"></span>d 30 Septe<span class=\"_ _0\"></span>mber 2023 and up to t<span class=\"_ _0\"></span>he date of this re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t is 95 days (F<span class=\"_ _0\"></span>Y<span class=\"_ gs1\"> </span>2022: 95 days).<span class=\"_ _2cb\"> </span>Financial<span class=\"_ _1\"></span> asset<span class=\"_ _0\"></span>s held<span class=\"_ _1\"></span> at amortised cost<span class=\"_ _2cb\"> </span>The l<span class=\"_ _0\"></span>oans rece<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e granted in the cu<span class=\"_ _0\"></span>rrent year are s<span class=\"_ _0\"></span>ecure<span class=\"_ _0\"></span>d, non-<span class=\"_ _0\"></span>interes<span class=\"_ _0\"></span>t bear<span class=\"_ _0\"></span>ing with an a<span class=\"_ _0\"></span>greed te<span class=\"_ _0\"></span>rm of 1<span class=\"_ _1\"></span>2 year<span class=\"_ _0\"></span>s, with re<span class=\"_ _0\"></span>payme<span class=\"_ _0\"></span>nts comme<span class=\"_ _0\"></span>ncing from F<span class=\"_ _0\"></span>Y 2029. The lo<span class=\"_ _0\"></span>ans recei<span class=\"_ _0\"></span>vable have b<span class=\"_ _0\"></span>een dis<span class=\"_ _0\"></span>counted to pre<span class=\"_ _0\"></span>sent value, wi<span class=\"_ _0\"></span>th this dis<span class=\"_ _0\"></span>count charge inc<span class=\"_ _0\"></span>luded in f<span class=\"_ _0\"></span>inance cost<span class=\"_ _0\"></span>s in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, matching agains<span class=\"_ _0\"></span>t where t<span class=\"_ _0\"></span>he interes<span class=\"_ _0\"></span>t is being unw<span class=\"_ _0\"></span>ound over th<span class=\"_ _0\"></span>e term of the l<span class=\"_ _0\"></span>oan.<span class=\"_ _2cb\"> </span>The c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k in relation to t<span class=\"_ _0\"></span>he loans re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>le is de<span class=\"_ _0\"></span>emed to b<span class=\"_ _0\"></span>e low af<span class=\"_ _0\"></span>ter consid<span class=\"_ _0\"></span>eration of t<span class=\"_ _0\"></span>he risk of de<span class=\"_ _0\"></span>fault; the d<span class=\"_ _0\"></span>ebtor is consi<span class=\"_ _0\"></span>dered to have cap<span class=\"_ _0\"></span>acit<span class=\"_ _0\"></span>y to meet t<span class=\"_ _0\"></span>he contrac<span class=\"_ _0\"></span>tual ca<span class=\"_ _0\"></span>sh flow o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons per th<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>t.<span class=\"_ _2cb\"> </span>Price risk<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s produc<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>ntain a numb<span class=\"_ _0\"></span>er of key raw materials an<span class=\"_ _0\"></span>d its o<span class=\"_ _0\"></span>perati<span class=\"_ _0\"></span>ons require e<span class=\"_ _0\"></span>nergy, notabl<span class=\"_ _0\"></span>y elec<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span>y and natural gas<span class=\"_ _0\"></span>. Any increas<span class=\"_ _0\"></span>e or volat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in prices an<span class=\"_ _0\"></span>d any signifi<span class=\"_ _0\"></span>cant de<span class=\"_ _0\"></span>crease in t<span class=\"_ _0\"></span>he availabili<span class=\"_ _0\"></span>ty of raw ma<span class=\"_ _0\"></span>terials or en<span class=\"_ _0\"></span>ergy coul<span class=\"_ _0\"></span>d affe<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e Group\u2019s result<span class=\"_ _0\"></span>s. Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x stri<span class=\"_ _0\"></span>ves to obt<span class=\"_ _0\"></span>ain the be<span class=\"_ _0\"></span>st pri<span class=\"_ _0\"></span>ces and us<span class=\"_ _0\"></span>es contrac<span class=\"_ _0\"></span>tual me<span class=\"_ _0\"></span>ans to benef<span class=\"_ _0\"></span>it wher<span class=\"_ _0\"></span>e approp<span class=\"_ _0\"></span>riate and po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e. The Group ha<span class=\"_ _0\"></span>s a signifi<span class=\"_ _0\"></span>cant deg<span class=\"_ _0\"></span>ree of influe<span class=\"_ _0\"></span>nce over it<span class=\"_ _0\"></span>s suppl<span class=\"_ _0\"></span>y chain which e<span class=\"_ _0\"></span>nables i<span class=\"_ _0\"></span>t to effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vely mana<span class=\"_ _0\"></span>ge the ris<span class=\"_ _0\"></span>k in this area.<span class=\"_ _2cb\"> </span>Capital manageme<span class=\"_ _0\"></span>nt<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup def<span class=\"_ _0\"></span>ines the c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al that it manag<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>e Group\u2019s total equit<span class=\"_ _0\"></span>y. The Group\u2019s poli<span class=\"_ _0\"></span>cy for m<span class=\"_ _0\"></span>anaging ca<span class=\"_ _0\"></span>pital i<span class=\"_ _0\"></span>s to maintain a s<span class=\"_ _0\"></span>trong balance s<span class=\"_ _0\"></span>heet w<span class=\"_ _0\"></span>ith the o<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>tive of ma<span class=\"_ _0\"></span>intaining cus<span class=\"_ _0\"></span>tomer, supplier an<span class=\"_ _0\"></span>d investor co<span class=\"_ _0\"></span>nfidence in t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss and to ensure t<span class=\"_ _0\"></span>hat the Grou<span class=\"_ _0\"></span>p has suf<span class=\"_ _0\"></span>ficie<span class=\"_ _0\"></span>nt resource<span class=\"_ _0\"></span>s to be abl<span class=\"_ _0\"></span>e to invest in futu<span class=\"_ _0\"></span>re develo<span class=\"_ _0\"></span>pment an<span class=\"_ _0\"></span>d grow<span class=\"_ _0\"></span>th of the bus<span class=\"_ _0\"></span>iness<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Foll<span class=\"_ _0\"></span>owing en<span class=\"_ _0\"></span>gagem<span class=\"_ _0\"></span>ent with sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>ers du<span class=\"_ _0\"></span>ring F<span class=\"_ _0\"></span>Y 2023, share buyb<span class=\"_ _0\"></span>ack<span class=\"_ _0\"></span>s are now inclu<span class=\"_ _0\"></span>ded as an o<span class=\"_ _0\"></span>ption for fu<span class=\"_ _0\"></span>ture shareho<span class=\"_ _0\"></span>lder retu<span class=\"_ _0\"></span>rns, along<span class=\"_ _0\"></span>side sp<span class=\"_ _0\"></span>ecial di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nds, wit<span class=\"_ _0\"></span>hin our ca<span class=\"_ _0\"></span>pital all<span class=\"_ _0\"></span>ocat<span class=\"_ _0\"></span>ion po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Th<span class=\"_ _0\"></span>e Board d<span class=\"_ _0\"></span>oes not e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>ct to ma<span class=\"_ _0\"></span>ke share repurchas<span class=\"_ _0\"></span>es during 2024, base<span class=\"_ _0\"></span>d on curre<span class=\"_ _0\"></span>nt cash res<span class=\"_ _0\"></span>ources an<span class=\"_ _0\"></span>d ongoin<span class=\"_ _0\"></span>g investm<span class=\"_ _0\"></span>ent in the busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>o e<span class=\"_ _0\"></span>nsure the Bo<span class=\"_ _0\"></span>ard has the n<span class=\"_ _0\"></span>eces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y fle<span class=\"_ _0\"></span>xibilit<span class=\"_ _0\"></span>y, there is a res<span class=\"_ _0\"></span>olutio<span class=\"_ _0\"></span>n prop<span class=\"_ _0\"></span>osed a<span class=\"_ _0\"></span>t each AGM to autho<span class=\"_ _0\"></span>rise th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany to make one or mo<span class=\"_ _0\"></span>re market purchas<span class=\"_ _0\"></span>es of it<span class=\"_ _0\"></span>s ordinar<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s up to a maxim<span class=\"_ _0\"></span>um number of shares e<span class=\"_ _0\"></span>qual to 1<span class=\"_ _1\"></span>0% of it<span class=\"_ _0\"></span>s issu<span class=\"_ _0\"></span>ed ordinar<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>e capit<span class=\"_ _0\"></span>al as at the d<span class=\"_ _0\"></span>ate of the N<span class=\"_ _0\"></span>otice of Annua<span class=\"_ _0\"></span>l General M<span class=\"_ _0\"></span>eeti<span class=\"_ _0\"></span>ng.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s capit<span class=\"_ _0\"></span>al and equit<span class=\"_ _0\"></span>y rati<span class=\"_ _0\"></span>o is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _161\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> e<span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _5\"></span>y<span class=\"_ _249\"> </span><span class=\"ff27 ls7f ws70\">5<span class=\"_ _0\"></span>01.0<span class=\"_ _11f\"> </span></span><span class=\"ls6 ws0\">490.6<span class=\"_ _2cb\"> </span></span>To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> a<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _24a\"> </span><span class=\"ff27 lsa ws8\">626.6<span class=\"_ _3f\"> </span></span><span class=\"ls128 ws178\">6<span class=\"_ _6\"></span>41.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span>Equi<span class=\"_ _0\"></span>ty ra<span class=\"_ _0\"></span>tio<span class=\"_ _24b\"> </span><span class=\"fc3 ls20 wscc\">8<span class=\"_ _0\"></span>0%<span class=\"_ _46\"> </span><span class=\"ff28 lsc4 ws14b\">76%<span class=\"_ _2cb\"> </span></span></span>Financia<span class=\"_ _0\"></span>l instrume<span class=\"_ _0\"></span>nts<span class=\"_ _2cb\"> </span>Sum<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y of c<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gori<span class=\"_ _0\"></span>es of fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abiliti<span class=\"_ _0\"></span>es<span class=\"_ _2cb\"> </span>Carrying amount and fair<span class=\"_ _1\"></span> value<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _24c\"> </span><span class=\"ls66 ws62\">Note<span class=\"_ _62\"> </span></span>Clas<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>der I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 2023 \u00a3m<span class=\"_ _2cb\"> </span>2022<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Financial assets<span class=\"_ _2cb\"> </span>For<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts us<span class=\"_ _0\"></span>ed for hed<span class=\"_ _0\"></span>ging (derivat<span class=\"_ _0\"></span>ive inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s)<span class=\"_ _245\"> </span>Fair valu<span class=\"_ _0\"></span>e \u2013  hedging instrument<span class=\"_ _2cb\"> </span>2.0<span class=\"_ _62\"> </span><span class=\"ff28 ls6 ws0\">\u2014<span class=\"_ _2cb\"> </span></span>Unquote<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ents<span class=\"_ _24d\"> </span><span class=\"lse3 wsdd\">11<span class=\"_ _12c\"> </span><span class=\"ls87 ws7d\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _186\"> </span><span class=\"ff27 ls12d ws125\">3.<span class=\"_ _0\"></span>5<span class=\"_ _106\"> </span></span><span class=\"ls9 ws7\">3.5<span class=\"_ _2cb\"> </span></span></span></span>Ot<span class=\"_ _0\"></span>her financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at fair value<span class=\"_ _18b\"> </span><span class=\"ls87 ws7d\">FV<span class=\"_ _0\"></span>TPL<span class=\"_ _b7\"> </span><span class=\"ff27 ls6d wsc6\">9.7<span class=\"_ _b7\"> </span></span></span>6.6<span class=\"_ _2cb\"> </span>Ot<span class=\"_ _0\"></span>her financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t<span class=\"_ _14b\"> </span><span class=\"ls8 ws6\">Amortised cost<span class=\"_ _106\"> </span><span class=\"ff27 ls6d wsc6\">0.7<span class=\"_ _11a\"> </span></span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span>T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es<span class=\"_ _9a\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _bf\"> </span><span class=\"ls8 ws6\">A<span class=\"_ _0\"></span>mortised cost<span class=\"_ _8a\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>2<span class=\"_ _45\"> </span></span><span class=\"ls29 ws26\">42.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></span></span>Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s <span class=\"_ _1db\"> </span> <span class=\"_ _a1\"> </span><span class=\"ls8 ws6\">Amor<span class=\"_ _0\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"_ _42\"> </span><span class=\"ff27 ls1a ws1d\">33.<span class=\"_ _0\"></span>4<span class=\"_ _8b\"> </span></span><span class=\"lsde wsd8\">5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span>Financial liab<span class=\"_ _0\"></span>ilities<span class=\"_ _24e\"> </span><span class=\"ff28 fc3 ls6 ws0\"> </span>For<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts us<span class=\"_ _0\"></span>ed for hed<span class=\"_ _0\"></span>ging (derivat<span class=\"_ _0\"></span>ive inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s)<span class=\"_ _245\"> </span>Fair valu<span class=\"_ _0\"></span>e \u2013  hedging instrument<span class=\"_ _2cb\"> </span>(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _3b\"> </span><span class=\"ff28 ls7e ws76\">(1<span class=\"_ _1\"></span>9.9)<span class=\"_ _2cb\"> </span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year<span class=\"_ _d7\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _107\"> </span><span class=\"ls8 ws6\">Amortised cost<span class=\"_ _11a\"> </span><span class=\"ff27 lse wsc\">(5<span class=\"_ _0\"></span>.2)<span class=\"_ _8a\"> </span></span><span class=\"ls7e ws76\">(<span class=\"_ _0\"></span>0.9)<span class=\"_ _2cb\"> </span></span></span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e after o<span class=\"_ _0\"></span>ne year <span class=\"_ _d9\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _107\"> </span><span class=\"ls8 ws6\">Amor<span class=\"_ _0\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"_ _f1\"> </span><span class=\"ff27 ls15 ws13\">(34<span class=\"_ _0\"></span>.5)<span class=\"_ _11f\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>21.<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>)<span class=\"_ _2cb\"> </span></span></span></span>T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other paya<span class=\"_ _0\"></span>bles<span class=\"_ _24f\"> </span><span class=\"ls6c ws68\">18<span class=\"_ _120\"> </span><span class=\"ls73 ws6d\">Oth<span class=\"_ _0\"></span>er financial lia<span class=\"_ _0\"></span>bilities<span class=\"_ _40\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>4<span class=\"_ _5\"> </span>.1)<span class=\"_ _3f\"> </span></span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair va<span class=\"_ _0\"></span>lue<span class=\"_ _2cb\"> </span>Fair value is de<span class=\"_ _0\"></span>termine<span class=\"_ _0\"></span>d using the fair valu<span class=\"_ _0\"></span>e hierarchy whi<span class=\"_ _0\"></span>ch takes into account th<span class=\"_ _0\"></span>e availabilit<span class=\"_ _0\"></span>y of inp<span class=\"_ _0\"></span>ut data into th<span class=\"_ _0\"></span>e fair value cal<span class=\"_ _0\"></span>culation, with l<span class=\"_ _0\"></span>evels go<span class=\"_ _0\"></span>ing from Le<span class=\"_ _0\"></span>vel 1 (quoted market pri<span class=\"_ _0\"></span>ces availabl<span class=\"_ _0\"></span>e) through to Leve<span class=\"_ _0\"></span>l 3 (<span class=\"_ _1\"></span>uno<span class=\"_ _0\"></span>bser<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble input<span class=\"_ _0\"></span>s) with m<span class=\"_ _0\"></span>ore assum<span class=\"_ _0\"></span>ptions inh<span class=\"_ _0\"></span>erent in the fair valu<span class=\"_ _0\"></span>e calcula<span class=\"_ _0\"></span>tion of Le<span class=\"_ _0\"></span>vel 3 ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re obse<span class=\"_ _0\"></span>rva<span class=\"_ _0\"></span>ble inpu<span class=\"_ _0\"></span>ts are no<span class=\"_ _0\"></span>t available t<span class=\"_ _0\"></span>hen anoth<span class=\"_ _0\"></span>er valuatio<span class=\"_ _0\"></span>n techniqu<span class=\"_ _0\"></span>e is used, su<span class=\"_ _0\"></span>ch as<span class=\"_ gs1\"> </span>an incom<span class=\"_ _0\"></span>e appro<span class=\"_ _0\"></span>ach or market ap<span class=\"_ _0\"></span>proach.<span class=\"_ _2cb\"> </span>All fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and liabili<span class=\"_ _0\"></span>ties me<span class=\"_ _0\"></span>asured at fair valu<span class=\"_ _0\"></span>e are categ<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>ed as Leve<span class=\"_ _0\"></span>l 2 within t<span class=\"_ _0\"></span>he fair value hie<span class=\"_ _0\"></span>rarchy<span class=\"_ _1\"></span>, wit<span class=\"_ _0\"></span>h the except<span class=\"_ _0\"></span>ion of inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in unquote<span class=\"_ _0\"></span>d compani<span class=\"_ _0\"></span>es and oth<span class=\"_ _0\"></span>er financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair value whi<span class=\"_ _0\"></span>ch are cate<span class=\"_ _0\"></span>goris<span class=\"_ _0\"></span>ed as Lev<span class=\"_ _0\"></span>el 3. See n<span class=\"_ _0\"></span>ote 1<span class=\"_ _8\"></span>1 fo<span class=\"_ _0\"></span>r furt<span class=\"_ _0\"></span>her det<span class=\"_ _0\"></span>ails. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profile<span class=\"_ _0\"></span>s of the de<span class=\"_ _0\"></span>rivati<span class=\"_ _0\"></span>ve instru<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in designa<span class=\"_ _0\"></span>ted hed<span class=\"_ _0\"></span>ge accounting re<span class=\"_ _0\"></span>lationsh<span class=\"_ _0\"></span>ips and trad<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>vables a<span class=\"_ _0\"></span>re given on p<span class=\"_ _0\"></span>ages 164 and 165 resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tivel<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Inform<span class=\"_ _0\"></span>ation on t<span class=\"_ _0\"></span>he maturit<span class=\"_ _0\"></span>y of the f<span class=\"_ _0\"></span>inancial liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s is include<span class=\"_ _0\"></span>d both wi<span class=\"_ _0\"></span>thin this note an<span class=\"_ _0\"></span>d within n<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>5. F<span class=\"_ _0\"></span>or trad<span class=\"_ _0\"></span>e and other payabl<span class=\"_ _0\"></span>es there a<span class=\"_ _0\"></span>re no amount<span class=\"_ _0\"></span>s due af<span class=\"_ _0\"></span>ter on<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>, the maj<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y falling due in 3<span class=\"_ _0\"></span>0 days or l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. All fair value m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>currin<span class=\"_ _0\"></span>g.<span class=\"_ _2cb\"> </span>Rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliat<span class=\"_ _0\"></span>ion of m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in net f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>s/(deb<span class=\"_ _0\"></span>t)<span class=\"_ _2cb\"> </span>Net f<span class=\"_ _0\"></span>unds<span class=\"_ _0\"></span>/(debt) co<span class=\"_ _0\"></span>nsist<span class=\"_ _0\"></span>s of cash a<span class=\"_ _0\"></span>nd cash e<span class=\"_ _0\"></span>quivale<span class=\"_ _0\"></span>nts tog<span class=\"_ _0\"></span>ether w<span class=\"_ _0\"></span>ith other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, lon<span class=\"_ _0\"></span>g-ter<span class=\"_ _0\"></span>m and shor<span class=\"_ _0\"></span>t-term l<span class=\"_ _0\"></span>oans and fina<span class=\"_ _0\"></span>nce leas<span class=\"_ _0\"></span>e liabilitie<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Note<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 2022<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Cash fl<span class=\"_ _0\"></span>ow<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Exchange and other non-cash movements<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Mov<span class=\"_ _0\"></span>emen<span class=\"_ _0\"></span>t in loans<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>As a<span class=\"_ _0\"></span>t 30 September 2023<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Cash and cash equivalents<span class=\"_ _250\"> </span><span class=\"ls70 ws6a\"> 16<span class=\"_ _0\"></span> <span class=\"_ _40\"> </span><span class=\"lsde wsd8\">5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _e9\"> </span><span class=\"ls4e ws4a\">(24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3)<span class=\"_ _45\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _42\"> </span><span class=\"ff27 ls1a ws1d\">33<span class=\"_ _0\"></span>.4<span class=\"_ _2cb\"> </span></span></span></span></span></span></span>Other financial assets<span class=\"_ _251\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _108\"> </span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _46\"> </span></span>(1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year<span class=\"_ _200\"> </span>15<span class=\"_ _1\"></span>, 16 <span class=\"_ _8b\"> </span><span class=\"ls7e ws76\">(0.9)<span class=\"_ _102\"> </span>0.9<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _6a\"> </span>(<span class=\"_ _6\"></span>5<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _42\"> </span><span class=\"ff27 lse wsc\">(5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2)<span class=\"_ _2cb\"> </span></span></span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e after o<span class=\"_ _0\"></span>ne year<span class=\"_ _44\"> </span>1<span class=\"_ _1\"></span>5, 1<span class=\"_ _1\"></span>6 <span class=\"_ _3b\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>21.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _d3\"> </span><span class=\"ls7e ws76\">0.9<span class=\"_ _db\"> </span></span>1.<span class=\"_ _0\"></span>8<span class=\"_ _46\"> </span></span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5.6)<span class=\"_ _ec\"> </span><span class=\"ff27 ls15 ws13\">(34<span class=\"_ _0\"></span>.5)<span class=\"_ _2cb\"> </span></span>Leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _141\"> </span><span class=\"lse1 wsdb\">19<span class=\"_ _102\"> </span><span class=\"ls7e ws76\">(9.<span class=\"_ _0\"></span>6)<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">2<span class=\"_ _0\"></span>.1<span class=\"_ _d3\"> </span><span class=\"ls9 ws7\">(3.0)<span class=\"_ _13a\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _3d\"> </span><span class=\"ff27 ls132 ws18d\">(10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></span></span></span>Net funds<span class=\"_ _0\"></span>/(<span class=\"_ _1\"></span>debt)<span class=\"_ _179\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _25\"> </span><span class=\"lsde wsd8\">3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _40\"> </span><span class=\"ls7d ws100\">(3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>4)<span class=\"_ _8b\"> </span><span class=\"ls29 ws26\">(2.<span class=\"_ _0\"></span>3)<span class=\"_ _3f\"> </span></span></span>(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _43\"> </span><span class=\"ff27 ls132 ws18d\">(16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span>Note<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Cash fl<span class=\"_ _0\"></span>ow<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Exchange and other non-cash movements*<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Mov<span class=\"_ _0\"></span>emen<span class=\"_ _0\"></span>t in loans<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 30 September 2022<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Cash and cash equivalents<span class=\"_ _111\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _e9\"> </span><span class=\"ls130 ws128\">74<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _108\"> </span></span>(18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _102\"> </span><span class=\"ls29 ws26\">2.<span class=\"_ _0\"></span>4<span class=\"_ _124\"> </span><span class=\"ls6 ws0\"> \u2014 <span class=\"_ _40\"> </span><span class=\"lsde wsd8\">58<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span></span></span>Other financial assets<span class=\"_ _252\"> </span><span class=\"ls70 ws6a\"> 16<span class=\"_ _11a\"> </span><span class=\"ls102 wsfa\">3<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _184\"> </span>(<span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>)<span class=\"_ _10d\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _13a\"> </span> \u2014 <span class=\"_ _108\"> </span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span></span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year<span class=\"_ _253\"> </span> 1<span class=\"_ _1\"></span>5, 1<span class=\"_ _1\"></span>6 <span class=\"_ _13a\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _102\"> </span><span class=\"ls7e ws76\">(0.9)<span class=\"_ _ad\"> </span>(0<span class=\"_ _0\"></span>.9)<span class=\"_ _2cb\"> </span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e after o<span class=\"_ _0\"></span>ne year<span class=\"_ _44\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> 16<span class=\"_ _d3\"> </span><span class=\"ls7e ws76\">(5<span class=\"_ _0\"></span>.9)<span class=\"_ _25\"> </span></span></span>0.3<span class=\"_ _102\"> </span><span class=\"ls29 ws26\">(<span class=\"_ _0\"></span>2.3)<span class=\"_ _f1\"> </span><span class=\"lse2 wsdc\">(13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _f1\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span>Leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _141\"> </span><span class=\"lse1 wsdb\">19<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span><span class=\"ls70 ws6a\">(10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">2<span class=\"_ _0\"></span>.1<span class=\"_ _186\"> </span><span class=\"lsfb wsf5\">(1.7<span class=\"_ _6\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span><span class=\"ls7e ws76\">(<span class=\"_ _0\"></span>9.6)<span class=\"_ _2cb\"> </span></span></span></span></span></span></span>Net funds<span class=\"_ _254\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _25\"> </span><span class=\"ls9 ws7\">96.5<span class=\"_ _e9\"> </span></span>(43.6)<span class=\"_ _ad\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _3b\"> </span><span class=\"lsdf wsd9\">(14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _115\"> </span><span class=\"lsde wsd8\">3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span></span></span>* <span class=\"_ _15\"> </span>Th<span class=\"_ _0\"></span>e only ot<span class=\"_ _0\"></span>her no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh move<span class=\"_ _0\"></span>ment re<span class=\"_ _0\"></span>lates to l<span class=\"_ _0\"></span>ease li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, see n<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>9.<span class=\"_ _2cb\"> </span>Company<span class=\"_ _2cb\"> </span>The o<span class=\"_ _0\"></span>nly rece<span class=\"_ _0\"></span>ivable<span class=\"_ _0\"></span>s of the Company are am<span class=\"_ _0\"></span>ounts o<span class=\"_ _0\"></span>wed by subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akings. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are carr<span class=\"_ _0\"></span>ied at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tised co<span class=\"_ _0\"></span>st subs<span class=\"_ _0\"></span>equent to initial recognit<span class=\"_ _0\"></span>ion.<span class=\"_ _2cb\"> </span>The<span class=\"_ _0\"></span>re are no future e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d credit l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s on amou<span class=\"_ _0\"></span>nts owe<span class=\"_ _0\"></span>d by subsidiar<span class=\"_ _0\"></span>y un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ings.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "16. Financial in<span class=\"_ _0\"></span>strument<span class=\"_ _0\"></span>s and ris<span class=\"_ _0\"></span>k managem<span class=\"_ _0\"></span>ent<span class=\"_ _2cb\"> </span>Derivative financial instru<span class=\"_ _0\"></span>ments and hedg<span class=\"_ _0\"></span>ing activitie<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Deri<span class=\"_ _0\"></span>vative fi<span class=\"_ _0\"></span>nancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s are prim<span class=\"_ _0\"></span>arily us<span class=\"_ _0\"></span>ed by the Grou<span class=\"_ _0\"></span>p to manage it<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>posure to chan<span class=\"_ _0\"></span>ges in forei<span class=\"_ _0\"></span>gn exchang<span class=\"_ _0\"></span>e rates relatin<span class=\"_ _0\"></span>g to overs<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span> sal<span class=\"_ _0\"></span>es and purcha<span class=\"_ _0\"></span>ses. I<span class=\"_ _0\"></span>n accordance w<span class=\"_ _0\"></span>ith it<span class=\"_ _0\"></span>s treasur<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the G<span class=\"_ _0\"></span>roup do<span class=\"_ _0\"></span>es not ho<span class=\"_ _0\"></span>ld or issu<span class=\"_ _0\"></span>e deriv<span class=\"_ _0\"></span>ative finan<span class=\"_ _0\"></span>cial instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s for trading p<span class=\"_ _0\"></span>urpos<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup hed<span class=\"_ _0\"></span>ges a pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of its ne<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>st sa<span class=\"_ _0\"></span>les, purcha<span class=\"_ _0\"></span>ses and e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses w<span class=\"_ _0\"></span>hich are den<span class=\"_ _0\"></span>ominated in a fo<span class=\"_ _0\"></span>reign curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y (<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge)<span class=\"_ _0\"></span> using for<span class=\"_ _0\"></span>ward e<span class=\"_ _0\"></span>xchange cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Boar<span class=\"_ _0\"></span>d is respo<span class=\"_ _0\"></span>nsible for s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing the he<span class=\"_ _0\"></span>dging po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y which is d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed overle<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he poli<span class=\"_ _0\"></span>cy is re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d and<span class=\"_ _0\"></span> approv<span class=\"_ _0\"></span>ed annually by t<span class=\"_ _0\"></span>he Board<span class=\"_ _0\"></span>. Hedg<span class=\"_ _0\"></span>ing is only ap<span class=\"_ _0\"></span>plied for t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t signifi<span class=\"_ _0\"></span>cant curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expo<span class=\"_ _0\"></span>sures whi<span class=\"_ _0\"></span>ch is revi<span class=\"_ _0\"></span>ewed annuall<span class=\"_ _0\"></span>y alongs<span class=\"_ _0\"></span>ide the<span class=\"_ _0\"></span> poli<span class=\"_ _0\"></span>cy. During F<span class=\"_ _0\"></span>Y 2023 the cur<span class=\"_ _0\"></span>rencie<span class=\"_ _0\"></span>s hedg<span class=\"_ _0\"></span>ed were US D<span class=\"_ _0\"></span>ollars a<span class=\"_ _0\"></span>nd Euro (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: s<span class=\"_ _0\"></span>ame). At the incept<span class=\"_ _0\"></span>ion of the t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, the Group d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts the re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hip bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n hedging i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d hedg<span class=\"_ _0\"></span>ed items inc<span class=\"_ _0\"></span>luding wh<span class=\"_ _0\"></span>ether<span class=\"_ _0\"></span> or not a ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ion is be<span class=\"_ _0\"></span>ing hedg<span class=\"_ _0\"></span>ed. A conclu<span class=\"_ _0\"></span>sion is rea<span class=\"_ _0\"></span>ched as to wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on qualifi<span class=\"_ _0\"></span>es as a ca<span class=\"_ _0\"></span>sh flow he<span class=\"_ _0\"></span>dge. Det<span class=\"_ _0\"></span>ails on he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> doc<span class=\"_ _0\"></span>umentat<span class=\"_ _0\"></span>ion are sh<span class=\"_ _0\"></span>own be<span class=\"_ _0\"></span>low.<span class=\"_ _2cb\"> </span>Ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ges<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s perm<span class=\"_ _0\"></span>itte<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 9 B.6.6.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, the Grou<span class=\"_ _0\"></span>p desig<span class=\"_ _0\"></span>nates overall ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions as he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tems whe<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are mana<span class=\"_ _0\"></span>ged as ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions for risk m<span class=\"_ _0\"></span>anagem<span class=\"_ _0\"></span>ent purpo<span class=\"_ _0\"></span>ses;<span class=\"_ _0\"></span>  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dges a<span class=\"_ _0\"></span>re for foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>s; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the init<span class=\"_ _0\"></span>ial hedg<span class=\"_ _0\"></span>e desi<span class=\"_ _0\"></span>gnation an<span class=\"_ _0\"></span>d docum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on set ou<span class=\"_ _0\"></span>t how the ite<span class=\"_ _0\"></span>ms within t<span class=\"_ _0\"></span>he net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n will af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span> The G<span class=\"_ _0\"></span>roup also d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts it<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ment, bot<span class=\"_ _0\"></span>h at hedg<span class=\"_ _0\"></span>e incepti<span class=\"_ _0\"></span>on and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, of wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e deri<span class=\"_ _0\"></span>vatives t<span class=\"_ _0\"></span>hat are used i<span class=\"_ _0\"></span>n hedging<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive in of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing change<span class=\"_ _0\"></span>s in cash fl<span class=\"_ _0\"></span>ows of he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d items.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>se foreig<span class=\"_ _0\"></span>n exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts are ini<span class=\"_ _0\"></span>tially re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d at fair value, wit<span class=\"_ _0\"></span>h most hav<span class=\"_ _0\"></span>ing maturit<span class=\"_ _0\"></span>ies of le<span class=\"_ _0\"></span>ss than o<span class=\"_ _0\"></span>ne year af<span class=\"_ _0\"></span>ter the ba<span class=\"_ _0\"></span>lance she<span class=\"_ _0\"></span>et date. Whe<span class=\"_ _0\"></span>re a deri<span class=\"_ _0\"></span>vative fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument is d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d as a hedg<span class=\"_ _0\"></span>e of the varia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y in cash f<span class=\"_ _0\"></span>lows of a re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ility, or a highly p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion, th<span class=\"_ _0\"></span>e effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of change<span class=\"_ _0\"></span>s in fair value is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y via th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>solidate<span class=\"_ _0\"></span>d sta<span class=\"_ _0\"></span>tement of comp<span class=\"_ _0\"></span>rehensi<span class=\"_ _0\"></span>ve income. T<span class=\"_ _0\"></span>he gain or l<span class=\"_ _0\"></span>oss rela<span class=\"_ _0\"></span>ting to the ine<span class=\"_ _0\"></span>ffec<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>tion is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed imme<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, throu<span class=\"_ _0\"></span>gh sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any cumulat<span class=\"_ _0\"></span>ive gain or l<span class=\"_ _0\"></span>oss e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g in equit<span class=\"_ _0\"></span>y is align<span class=\"_ _0\"></span>ed to the timi<span class=\"_ _0\"></span>ng of the hed<span class=\"_ _0\"></span>ged tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ting the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt and is clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as follow<span class=\"_ _0\"></span>s: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>hed<span class=\"_ _0\"></span>ging of a net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n \u2013 the cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss trans<span class=\"_ _0\"></span>ferred fro<span class=\"_ _0\"></span>m equit<span class=\"_ _0\"></span>y is se<span class=\"_ _0\"></span>parately p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d on the face of the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt with<span class=\"_ _0\"></span>in gains<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s) on foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y net hed<span class=\"_ _0\"></span>ging. Subs<span class=\"_ _0\"></span>equent re<span class=\"_ _0\"></span>valuations p<span class=\"_ _0\"></span>rior to s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement date a<span class=\"_ _0\"></span>re include<span class=\"_ _0\"></span>d in sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>other c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s \u2013 cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss ex<span class=\"_ _0\"></span>isting in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y at the tim<span class=\"_ _0\"></span>e when th<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion occu<span class=\"_ _0\"></span>rs is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the<span class=\"_ _0\"></span> income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent in the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding line tha<span class=\"_ _0\"></span>t the hed<span class=\"_ _0\"></span>ged item g<span class=\"_ _0\"></span>oes t<span class=\"_ _0\"></span>hrough be<span class=\"_ _0\"></span>ing revenue, cos<span class=\"_ _0\"></span>t of sal<span class=\"_ _0\"></span>es or sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Whe<span class=\"_ _0\"></span>n a foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion is no l<span class=\"_ _0\"></span>onger e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occur<span class=\"_ _1\"></span>, and th<span class=\"_ _0\"></span>erefore do<span class=\"_ _0\"></span>es not m<span class=\"_ _0\"></span>eet the c<span class=\"_ _0\"></span>riteria for c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge a<span class=\"_ _0\"></span>ccounting,<span class=\"_ _0\"></span> the cumul<span class=\"_ _0\"></span>ative gain o<span class=\"_ _0\"></span>r loss t<span class=\"_ _0\"></span>hat was repo<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y is imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y transferr<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement, t<span class=\"_ _0\"></span>hrough sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Hedge documentation a<span class=\"_ _1\"></span>nd effectiveness testing<span class=\"_ _2cb\"> </span>The d<span class=\"_ _0\"></span>ocum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on include<span class=\"_ _0\"></span>s identi<span class=\"_ _0\"></span>ficat<span class=\"_ _0\"></span>ion of the h<span class=\"_ _0\"></span>edging ite<span class=\"_ _0\"></span>m(s), the nature of the r<span class=\"_ _0\"></span>isk being h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>d and how th<span class=\"_ _0\"></span>e Group will a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss whe<span class=\"_ _0\"></span>ther the<span class=\"_ _0\"></span> hedgin<span class=\"_ _0\"></span>g relationship me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e hedge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tivene<span class=\"_ _0\"></span>ss requirem<span class=\"_ _0\"></span>ents.<span class=\"_ _0\"></span> Hed<span class=\"_ _0\"></span>ge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tiven<span class=\"_ _0\"></span>ess is a qua<span class=\"_ _0\"></span>litati<span class=\"_ _0\"></span>ve asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed in accordan<span class=\"_ _0\"></span>ce with I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. A hedging rel<span class=\"_ _0\"></span>ationship q<span class=\"_ _0\"></span>ualifie<span class=\"_ _0\"></span>s for hedg<span class=\"_ _0\"></span>e accounting i<span class=\"_ _0\"></span>f it meet<span class=\"_ _0\"></span>s all th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s requirem<span class=\"_ _0\"></span>ents: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>there is a<span class=\"_ _0\"></span>n econom<span class=\"_ _0\"></span>ic relati<span class=\"_ _0\"></span>onship bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tem and the h<span class=\"_ _0\"></span>edging ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nt;  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of the cre<span class=\"_ _0\"></span>dit risk d<span class=\"_ _0\"></span>oes not d<span class=\"_ _0\"></span>ominate th<span class=\"_ _0\"></span>e value chang<span class=\"_ _0\"></span>es that resul<span class=\"_ _0\"></span>t from the e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c relations<span class=\"_ _0\"></span>hip; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dge rati<span class=\"_ _0\"></span>o of the hed<span class=\"_ _0\"></span>ging relati<span class=\"_ _0\"></span>onship is th<span class=\"_ _0\"></span>e same a<span class=\"_ _0\"></span>s that used fo<span class=\"_ _0\"></span>r risk manag<span class=\"_ _0\"></span>ement pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> For f<span class=\"_ _0\"></span>inancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d in hedg<span class=\"_ _0\"></span>e accounting rela<span class=\"_ _0\"></span>tionship<span class=\"_ _0\"></span>s or that do n<span class=\"_ _0\"></span>ot meet th<span class=\"_ _0\"></span>e criteria fo<span class=\"_ _0\"></span>r hedg<span class=\"_ _0\"></span>e accounting, th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> on rem<span class=\"_ _0\"></span>easureme<span class=\"_ _0\"></span>nt to fair value is reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _0\"></span>mediate<span class=\"_ _0\"></span>ly in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement thro<span class=\"_ _0\"></span>ugh sal<span class=\"_ _0\"></span>es, marketin<span class=\"_ _0\"></span>g and adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Group<span class=\"_ _2cb\"> </span>Curren<span class=\"_ _0\"></span>cy ris<span class=\"_ _0\"></span>k<span class=\"_ _2cb\"> </span>Currently, the Group ex<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in excess of 9<span class=\"_ _0\"></span>8% of sale<span class=\"_ _0\"></span>s from the U<span class=\"_ _0\"></span>K and also im<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s raw materials fro<span class=\"_ _0\"></span>m overs<span class=\"_ _0\"></span>eas.<span class=\"_ _2cb\"> </span>Currenc<span class=\"_ _0\"></span>y risk is manag<span class=\"_ _0\"></span>ed by the Currenc<span class=\"_ _0\"></span>y Commit<span class=\"_ _0\"></span>tee, whic<span class=\"_ _0\"></span>h is chaired by th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>hi<span class=\"_ _0\"></span>ef Financial O<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ficer and co<span class=\"_ _0\"></span>mprise<span class=\"_ _0\"></span>s the Chief E<span class=\"_ _0\"></span>xecuti<span class=\"_ _0\"></span>ve Of<span class=\"_ _0\"></span>ficer a<span class=\"_ _0\"></span>nd seni<span class=\"_ _0\"></span>or finance exe<span class=\"_ _0\"></span>cutiv<span class=\"_ _0\"></span>es. It m<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>s monthl<span class=\"_ _0\"></span>y to review a<span class=\"_ _0\"></span>nd manage t<span class=\"_ _0\"></span>he Group\u2019s currenc<span class=\"_ _0\"></span>y he<span class=\"_ _0\"></span>dging ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span>, in line wit<span class=\"_ _0\"></span>h the hed<span class=\"_ _0\"></span>ging poli<span class=\"_ _0\"></span>cy ap<span class=\"_ _0\"></span>proved by th<span class=\"_ _0\"></span>e Board.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s hedging p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y is to defer th<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t on prof<span class=\"_ _0\"></span>its of cu<span class=\"_ _0\"></span>rrenc<span class=\"_ _0\"></span>y movem<span class=\"_ _0\"></span>ents by h<span class=\"_ _0\"></span>edging: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>a minimum of 8<span class=\"_ _0\"></span>0% and a max<span class=\"_ _0\"></span>imum of 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% of proje<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on exp<span class=\"_ _0\"></span>osures ar<span class=\"_ _0\"></span>ising from tra<span class=\"_ _0\"></span>ding in the for<span class=\"_ _0\"></span>thco<span class=\"_ _0\"></span>ming six-<span class=\"_ _0\"></span>month pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od;<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>a minimum of 75% and a maximum of 100% of pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ted trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion e<span class=\"_ _0\"></span>xposu<span class=\"_ _0\"></span>res arising in t<span class=\"_ _0\"></span>he follow<span class=\"_ _0\"></span>ing six-<span class=\"_ _0\"></span>month pe<span class=\"_ _0\"></span>riod.<span class=\"_ _2cb\"> </span>Profi<span class=\"_ _0\"></span>tabilit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>an var<span class=\"_ _0\"></span>y due to the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of fluc<span class=\"_ _0\"></span>tuating excha<span class=\"_ _0\"></span>nge rates o<span class=\"_ _0\"></span>n the unhed<span class=\"_ _0\"></span>ged p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tion of th<span class=\"_ _0\"></span>e transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>osures and f<span class=\"_ _0\"></span>rom revis<span class=\"_ _0\"></span>ed forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s of future tra<span class=\"_ _0\"></span>ding, whi<span class=\"_ _0\"></span>ch can lea<span class=\"_ _0\"></span>d to an adjus<span class=\"_ _0\"></span>tment of cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y cover in place. In ad<span class=\"_ _0\"></span>dition, t<span class=\"_ _0\"></span>he Group inclu<span class=\"_ _0\"></span>des a numb<span class=\"_ _0\"></span>er of foreig<span class=\"_ _0\"></span>n subsidiar<span class=\"_ _0\"></span>ies. A<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt of thes<span class=\"_ _0\"></span>e facto<span class=\"_ _0\"></span>rs, th<span class=\"_ _0\"></span>e Group\u2019s financial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts are e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed to curren<span class=\"_ _0\"></span>cy flu<span class=\"_ _0\"></span>ctuat<span class=\"_ _0\"></span>ions. T<span class=\"_ _0\"></span>he curre<span class=\"_ _0\"></span>ncies gi<span class=\"_ _0\"></span>ving ris<span class=\"_ _0\"></span>e to this translat<span class=\"_ _0\"></span>ion risk a<span class=\"_ _0\"></span>re primaril<span class=\"_ _0\"></span>y US Dollar an<span class=\"_ _0\"></span>d Euro. Sensitivit<span class=\"_ _0\"></span>y analysis<span class=\"_ _2cb\"> </span>The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of a 5<span class=\"_ _1\"></span>% s<span class=\"_ _0\"></span>trength<span class=\"_ _0\"></span>ening in the ave<span class=\"_ _0\"></span>rage Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>US Do<span class=\"_ _0\"></span>llar and Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Euro rates red<span class=\"_ _0\"></span>uces profit fo<span class=\"_ _0\"></span>r 2023 by \u00a32.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>m an<span class=\"_ _0\"></span>d \u00a34.2m (F<span class=\"_ _0\"></span>Y<span class=\"_ gs1\"> </span>2022: \u00a3<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>8m and \u00a36.0<span class=\"_ _0\"></span>m) respec<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>ct of a 5% streng<span class=\"_ _0\"></span>thening in th<span class=\"_ _0\"></span>e average Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>US D<span class=\"_ _0\"></span>ollar and Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Euro rates reduce<span class=\"_ _0\"></span>s equit<span class=\"_ _0\"></span>y for 2023 by \u00a30.<span class=\"_ _1\"></span>7m and \u00a30.8m (F<span class=\"_ _0\"></span>Y 2022: \u00a32.2m and \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1m<span class=\"_ _1\"></span>) res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>In accord<span class=\"_ _0\"></span>ance with I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9, the fair value of gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d on cas<span class=\"_ _0\"></span>h flow he<span class=\"_ _0\"></span>dges is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as p<span class=\"_ _0\"></span>art o<span class=\"_ _0\"></span>f gross prof<span class=\"_ _0\"></span>it.<span class=\"_ _2cb\"> </span><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4b1\">The n<span class=\"_ _0\"></span>otional co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t amount, c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount and fair valu<span class=\"_ _0\"></span>e of the Group\u2019s for<span class=\"_ _0\"></span>ward exchan<span class=\"_ _0\"></span>ge contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and swa<span class=\"_ _0\"></span>ps are as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs4b2\">As a<span class=\"_ _0\"></span>t 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _108\"> </span><span class=\"ff28\">A<span class=\"_ _0\"></span>s at 30 S<span class=\"_ _0\"></span>eptem<span class=\"_ _0\"></span>ber 202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls151 ws14a gs4b3\">Notional<span class=\"_ _126\"> </span><span class=\"ls8b ws81\">Carr<span class=\"_ _0\"></span>ying<span class=\"_ _40\"> </span><span class=\"ff28 ls66 ws62\">N<span class=\"_ _0\"></span>otional<span class=\"_ _3c\"> </span><span class=\"ls9a ws8f\">Carrying<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd7 wsd0 gs4b4\">contract <span class=\"_ _14\"> </span><span class=\"ls6 ws0\">amou<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d <span class=\"_ _f3\"> </span><span class=\"ff28 lsb4 wsab\">contra<span class=\"_ _0\"></span>ct <span class=\"_ _56\"> </span></span><span class=\"ff28\">am<span class=\"_ _0\"></span>ount an<span class=\"_ _0\"></span>d </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs4b5\">amount <span class=\"_ _120\"> </span><span class=\"ls6 ws0\">fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue <span class=\"_ _e9\"> </span><span class=\"ff28\">a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t <span class=\"_ _7e\"> </span>fair va<span class=\"_ _0\"></span>lue </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls66 ws62 gs4b6\">\u00a3m<span class=\"_ _124\"> </span><span class=\"ls6 ws0\"> \u00a3<span class=\"_ _0\"></span>m <span class=\"_ _95\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _10d\"> </span></span><span class=\"ff28\"> \u00a3m </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs4b7\">C<span class=\"_ _1\"></span>urrent assets<span class=\"_ _22c\"> </span><span class=\"ff27 ls9 ws7\">105<span class=\"_ _0\"></span>.5<span class=\"_ _106\"> </span><span class=\"ls12d ws125\">2<span class=\"_ _0\"></span>.0<span class=\"_ _e2\"> </span></span></span><span class=\"ls6 ws0\">\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs4b8\">Current liabilitie<span class=\"_ _0\"></span>s <span class=\"_ _22d\"> </span><span class=\"ff27 ls6d wsc6\">86<span class=\"_ _0\"></span>.7<span class=\"_ _25\"> </span><span class=\"ls132 ws18d\">(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _3d\"> </span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _5\"></span>5<span class=\"_ _46\"> </span><span class=\"ls7e ws76\">(19.9)</span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4b9\"> <span class=\"_ _22e\"> </span><span class=\"ff27 ls1e ws1c\">192<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _106\"> </span><span class=\"ls17 ws14\">0.<span class=\"_ _0\"></span>2<span class=\"_ _42\"> </span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _42\"> </span><span class=\"ls7e ws76\">(1<span class=\"_ _1\"></span>9.9)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ba\">The fair va<span class=\"_ _0\"></span>lues have b<span class=\"_ _0\"></span>een cal<span class=\"_ _0\"></span>culated by ap<span class=\"_ _0\"></span>plyin<span class=\"_ _0\"></span>g (where rel<span class=\"_ _0\"></span>evant), for equiv<span class=\"_ _0\"></span>alent maturi<span class=\"_ _0\"></span>ty pro<span class=\"_ _0\"></span>files, t<span class=\"_ _0\"></span>he rate at whic<span class=\"_ _0\"></span>h for<span class=\"_ _0\"></span>ward curren<span class=\"_ _0\"></span>cy </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4bb\">contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s with th<span class=\"_ _0\"></span>e same p<span class=\"_ _0\"></span>rincipal am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s could be acq<span class=\"_ _0\"></span>uired at the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et date. The<span class=\"_ _0\"></span>se are ca<span class=\"_ _0\"></span>tegor<span class=\"_ _0\"></span>ised as L<span class=\"_ _0\"></span>evel 2 wit<span class=\"_ _0\"></span>hin the fair </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4bc\">value hi<span class=\"_ _0\"></span>erarchy under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 7<span class=\"_ _2\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4bd\">The fo<span class=\"_ _0\"></span>llowing t<span class=\"_ _0\"></span>able in<span class=\"_ _0\"></span>dicate<span class=\"_ _0\"></span>s the per<span class=\"_ _0\"></span>iods in w<span class=\"_ _0\"></span>hich cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s asso<span class=\"_ _0\"></span>ciated w<span class=\"_ _0\"></span>ith the matur<span class=\"_ _0\"></span>ity d<span class=\"_ _0\"></span>ate of the for<span class=\"_ _0\"></span>ward fore<span class=\"_ _0\"></span>ign exchang<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>ts </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4be\">for whic<span class=\"_ _0\"></span>h hedg<span class=\"_ _0\"></span>e accounting is ap<span class=\"_ _0\"></span>plied are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occur:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs4bf\">As a<span class=\"_ _0\"></span>t 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _19b\"> </span><span class=\"ff28\">A<span class=\"_ _0\"></span>s at 3<span class=\"_ _0\"></span>0 Sept<span class=\"_ _0\"></span>embe<span class=\"_ _0\"></span>r 2022<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls1a3 ws1a7 gs4c0\">Expected<span class=\"_ _1\"></span> <span class=\"_ _39\"> </span><span class=\"ff28 ls8c ws82\">E<span class=\"_ _0\"></span>xpected<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs4c1\">ca<span class=\"_ _0\"></span>sh <span class=\"_ _6c\"> </span>6 mon<span class=\"_ _0\"></span>ths <span class=\"_ _27\"> </span>6 to 12<span class=\"_ _7b\"> </span>12 to 18 <span class=\"_ _109\"> </span><span class=\"ff28\">c<span class=\"_ _0\"></span>ash <span class=\"_ _6d\"> </span>6 m<span class=\"_ _0\"></span>onths <span class=\"_ _ec\"> </span>6 to 12<span class=\"_ _69\"> </span>12 to 18 </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs4c2\">flow<span class=\"_ _0\"></span>s <span class=\"_ _ea\"> </span>or l<span class=\"_ _0\"></span>ess<span class=\"_ _79\"> </span><span class=\"ls89 ws7f\"> months<span class=\"_ _1\"></span> <span class=\"_ _70\"> </span>months<span class=\"_ _d3\"> </span><span class=\"ff28 ls6 ws0\">flow<span class=\"_ _0\"></span>s <span class=\"_ _3f\"> </span>or le<span class=\"_ _0\"></span>ss<span class=\"_ _ef\"> </span> m<span class=\"_ _0\"></span>onths <span class=\"_ _ef\"> </span><span class=\"ls129 ws121\">m<span class=\"_ _0\"></span>onths<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls66 ws62 gs4c3\">\u00a3m<span class=\"_ _d3\"> </span> \u00a3m<span class=\"_ _109\"> </span><span class=\"ls6 ws0\"> \u00a3m <span class=\"_ _109\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _109\"> </span> \u00a3m<span class=\"_ _186\"> </span><span class=\"ls6 ws0\"> \u00a3m <span class=\"_ _109\"> </span></span>\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1c ws1a gs4c4\">For<span class=\"_ _0\"></span>ward exchange contract<span class=\"_ _0\"></span>s:<span class=\"_ _22f\"> </span><span class=\"ff27 ls6 ws0\"> <span class=\"_ _e2\"> </span> <span class=\"_ _49\"> </span> <span class=\"_ _e2\"> </span> <span class=\"_ _163\"> </span><span class=\"ff28\"> <span class=\"_ _49\"> </span> <span class=\"_ _e2\"> </span> <span class=\"_ _49\"> </span> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4c5\">\u2013 A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts <span class=\"_ _41\"> </span><span class=\"ff27 ls9 ws7\">105<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _f3\"> </span><span class=\"lscd wse4\">4<span class=\"_ _5\"></span>8<span class=\"_ _0\"></span>.1<span class=\"_ _40\"> </span><span class=\"ls6d wsc6\">49.7<span class=\"_ _102\"> </span></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _ee\"> </span></span></span>\u2014<span class=\"_ _b7\"> </span>\u2014<span class=\"_ _db\"> </span>\u2014<span class=\"_ _b7\"> </span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4c6\">\u2013 Liab<span class=\"_ _0\"></span>ilities <span class=\"_ _230\"> </span><span class=\"ff27 ls6d wsc6\">86<span class=\"_ _0\"></span>.7<span class=\"_ _f1\"> </span><span class=\"lsc wsa\">30.9<span class=\"_ _f1\"> </span><span class=\"ls86 wsba\">3<span class=\"_ _0\"></span>9.2<span class=\"_ _f3\"> </span><span class=\"lsf wsd\">16<span class=\"_ _0\"></span>.6<span class=\"_ _f3\"> </span></span></span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _40\"> </span></span>85.<span class=\"_ _0\"></span>8<span class=\"_ _3d\"> </span><span class=\"ls60 ws5b\">9<span class=\"_ _5\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _115\"> </span><span class=\"lsfb wsf5\">2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6</span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4c7\"> <span class=\"_ _231\"> </span><span class=\"ff27 ls1e ws1c\">192<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _3d\"> </span><span class=\"ls86 wsba\">79.0<span class=\"_ _f1\"> </span><span class=\"lsc wsa\">88.9<span class=\"_ _3b\"> </span><span class=\"lsfa wsf4\">24.3<span class=\"_ _f1\"> </span></span></span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _40\"> </span></span>85.8<span class=\"_ _40\"> </span><span class=\"ls60 ws5b\">9<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _115\"> </span><span class=\"lsfb wsf5\">2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4c8\">The av<span class=\"_ _0\"></span>erage excha<span class=\"_ _0\"></span>nge rates on o<span class=\"_ _0\"></span>pen for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d currenc<span class=\"_ _0\"></span>y contra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s are:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1c ws1a gs4c9\">US Dollar<span class=\"_ _232\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>23<span class=\"_ _f3\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _f1\"> </span>1.<span class=\"_ _6\"></span>22<span class=\"_ _90\"> </span></span><span class=\"ls6 ws0\"> <span class=\"_ _42\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>4<span class=\"_ _40\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _e9\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7d ws100 gs4ca\">Euro<span class=\"_ _1df\"> </span><span class=\"ff27 lscd wse4\">1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>3<span class=\"_ _115\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>3<span class=\"_ _115\"> </span>1<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>3<span class=\"_ _90\"> </span></span><span class=\"ls6 ws0\"> <span class=\"_ _11a\"> </span><span class=\"ls60 ws5b\">1.1<span class=\"_ _0\"></span>7<span class=\"_ _46\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>6<span class=\"_ _46\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4cb\">Gains and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es defer<span class=\"_ _0\"></span>red in the he<span class=\"_ _0\"></span>dging res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve in equit<span class=\"_ _0\"></span>y on fo<span class=\"_ _0\"></span>rw<span class=\"_ _0\"></span>ard foreign e<span class=\"_ _0\"></span>xchange contra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 will be re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4cc\">in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement dur<span class=\"_ _0\"></span>ing the pe<span class=\"_ _0\"></span>riod in w<span class=\"_ _0\"></span>hich the h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>d foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, whi<span class=\"_ _0\"></span>ch is t<span class=\"_ _0\"></span>ypic<span class=\"_ _0\"></span>ally one </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4cd\">to t<span class=\"_ _0\"></span>wo months pr<span class=\"_ _0\"></span>ior to the c<span class=\"_ _0\"></span>ash flow o<span class=\"_ _0\"></span>ccurring. At 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023, there are a num<span class=\"_ _0\"></span>ber of hed<span class=\"_ _0\"></span>ged fore<span class=\"_ _0\"></span>ign curren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns which </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ce\">are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to o<span class=\"_ _0\"></span>ccur at various d<span class=\"_ _0\"></span>ates during t<span class=\"_ _0\"></span>he nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs. During t<span class=\"_ _0\"></span>he year<span class=\"_ _1\"></span>, lo<span class=\"_ _0\"></span>sses of \u00a30.6<span class=\"_ _0\"></span>m (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s of \u00a33.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m) relatin<span class=\"_ _0\"></span>g to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4cf\">unset<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d for<span class=\"_ _0\"></span>ward exchang<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s on the bala<span class=\"_ _0\"></span>nce shee<span class=\"_ _0\"></span>t at 30 Sep<span class=\"_ _0\"></span>tember 2023 were r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4d0\">Gains and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent on contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s which are y<span class=\"_ _0\"></span>et to set<span class=\"_ _0\"></span>tle are ad<span class=\"_ _0\"></span>justed a<span class=\"_ _0\"></span>s a non-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash movem<span class=\"_ _0\"></span>ent on the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4d1\">cash<span class=\"_ gs1\"> </span>f<span class=\"_ _0\"></span>low st<span class=\"_ _0\"></span>atement. T<span class=\"_ _0\"></span>his equa<span class=\"_ _0\"></span>ted to a gain of \u00a32.5m in the yea<span class=\"_ _0\"></span>r (F<span class=\"_ _0\"></span>Y 2022: loss of \u00a34.0m).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4d2\">The<span class=\"_ _0\"></span>re was no he<span class=\"_ _0\"></span>dge inef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ness d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar (F<span class=\"_ _0\"></span>Y 2022: nil). The hed<span class=\"_ _0\"></span>ge ratio is 1<span class=\"_ _1\"></span>:<span class=\"_ _1\"></span>1 in all ins<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs4d3\">Cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4d4\">The G<span class=\"_ _0\"></span>roup manag<span class=\"_ _0\"></span>es exp<span class=\"_ _0\"></span>osure to cre<span class=\"_ _0\"></span>dit risk at many l<span class=\"_ _0\"></span>evels ranging fr<span class=\"_ _0\"></span>om Exe<span class=\"_ _0\"></span>cutive D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tor appro<span class=\"_ _0\"></span>val being re<span class=\"_ _0\"></span>quired for th<span class=\"_ _0\"></span>e credit lim<span class=\"_ _0\"></span>its of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4d5\">large<span class=\"_ _0\"></span>r custome<span class=\"_ _0\"></span>rs, to th<span class=\"_ _0\"></span>e use of let<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s of credit an<span class=\"_ _0\"></span>d cash in ad<span class=\"_ _0\"></span>vance wh<span class=\"_ _0\"></span>ere appro<span class=\"_ _0\"></span>priate. Inter<span class=\"_ _0\"></span>nal proce<span class=\"_ _0\"></span>dures requ<span class=\"_ _0\"></span>ire regular cons<span class=\"_ _0\"></span>iderati<span class=\"_ _0\"></span>on </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4d6\">of credi<span class=\"_ _0\"></span>t ratings, b<span class=\"_ _0\"></span>oth internally fo<span class=\"_ _0\"></span>r lower valu<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>ers and r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed cred<span class=\"_ _0\"></span>it reference ag<span class=\"_ _0\"></span>encie<span class=\"_ _0\"></span>s for higher va<span class=\"_ _0\"></span>lue custo<span class=\"_ _0\"></span>mers<span class=\"_ _0\"></span>, payme<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4d7\">histor<span class=\"_ _0\"></span>y, aged ite<span class=\"_ _0\"></span>ms and proa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve debt co<span class=\"_ _0\"></span>llec<span class=\"_ _0\"></span>tion. A<span class=\"_ _0\"></span>ll custo<span class=\"_ _0\"></span>mers a<span class=\"_ _0\"></span>re assign<span class=\"_ _0\"></span>ed a credi<span class=\"_ _0\"></span>t limit whic<span class=\"_ _0\"></span>h is subjec<span class=\"_ _0\"></span>t to annual re<span class=\"_ _0\"></span>view. C<span class=\"_ _1\"></span>ons<span class=\"_ _0\"></span>iderati<span class=\"_ _0\"></span>on </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4d8\">is given to s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant adver<span class=\"_ _0\"></span>se chan<span class=\"_ _0\"></span>ges in bus<span class=\"_ _0\"></span>iness<span class=\"_ _0\"></span>, financial an<span class=\"_ _0\"></span>d econom<span class=\"_ _0\"></span>ic conditi<span class=\"_ _0\"></span>ons that may c<span class=\"_ _0\"></span>ause a signi<span class=\"_ _0\"></span>ficant cha<span class=\"_ _0\"></span>nge in the a<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4d9\">of custo<span class=\"_ _0\"></span>mers to m<span class=\"_ _0\"></span>eet th<span class=\"_ _0\"></span>eir obliga<span class=\"_ _0\"></span>tions. A<span class=\"_ _0\"></span>ny adve<span class=\"_ _0\"></span>rse da<span class=\"_ _0\"></span>ta relatin<span class=\"_ _0\"></span>g to these fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s is consid<span class=\"_ _0\"></span>ered in de<span class=\"_ _0\"></span>termining w<span class=\"_ _0\"></span>hether t<span class=\"_ _0\"></span>here has b<span class=\"_ _0\"></span>een a </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4da\">signif<span class=\"_ _0\"></span>icant incre<span class=\"_ _0\"></span>ase in cre<span class=\"_ _0\"></span>dit risk of a fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>set on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis through<span class=\"_ _0\"></span>out each re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d. Regardl<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he analy<span class=\"_ _0\"></span>sis, an </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4db\">increas<span class=\"_ _0\"></span>e in credi<span class=\"_ _0\"></span>t risk is presu<span class=\"_ _0\"></span>med if a d<span class=\"_ _0\"></span>ebtor is mor<span class=\"_ _0\"></span>e than 30 day<span class=\"_ _0\"></span>s past du<span class=\"_ _0\"></span>e in making a contra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l payme<span class=\"_ _0\"></span>nt.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4dc\">The G<span class=\"_ _0\"></span>roup has app<span class=\"_ _0\"></span>lied th<span class=\"_ _0\"></span>e simplifi<span class=\"_ _0\"></span>ed appro<span class=\"_ _0\"></span>ach to mea<span class=\"_ _0\"></span>suring ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, which req<span class=\"_ _0\"></span>uires lifetim<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted los<span class=\"_ _0\"></span>ses to b<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4dd\">recog<span class=\"_ _0\"></span>nised fro<span class=\"_ _0\"></span>m initial re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on for trad<span class=\"_ _0\"></span>e receiva<span class=\"_ _0\"></span>bles. L<span class=\"_ _0\"></span>ifetim<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted credit l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es for trad<span class=\"_ _0\"></span>e receiva<span class=\"_ _0\"></span>bles ar<span class=\"_ _0\"></span>e calculate<span class=\"_ _0\"></span>d base<span class=\"_ _0\"></span>d on </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4de\">histor<span class=\"_ _0\"></span>ical l<span class=\"_ _0\"></span>oss rates a<span class=\"_ _0\"></span>nd adjus<span class=\"_ _0\"></span>ted whe<span class=\"_ _0\"></span>re neces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y for rel<span class=\"_ _0\"></span>evant for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-lo<span class=\"_ _0\"></span>oking e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>rade r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles have b<span class=\"_ _0\"></span>een grou<span class=\"_ _0\"></span>ped for thi<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4df\">analy<span class=\"_ _0\"></span>sis bas<span class=\"_ _0\"></span>ed on share<span class=\"_ _0\"></span>d credit ri<span class=\"_ _0\"></span>sk charac<span class=\"_ _0\"></span>terist<span class=\"_ _0\"></span>ics<span class=\"_ _0\"></span>, including th<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent and countr<span class=\"_ _0\"></span>y/<span class=\"_ _0\"></span>region in w<span class=\"_ _0\"></span>hich the cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r operate<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e mode<span class=\"_ _0\"></span>l, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4e0\">which co<span class=\"_ _0\"></span>nsider<span class=\"_ _0\"></span>s macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>econ<span class=\"_ _0\"></span>omic inform<span class=\"_ _0\"></span>ation, has b<span class=\"_ _0\"></span>een ap<span class=\"_ _0\"></span>plied to th<span class=\"_ _0\"></span>e Group\u2019s two s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>s dif<span class=\"_ _0\"></span>ferentl<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Fo<span class=\"_ _0\"></span>r trade re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es in the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4e1\">Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>oluti<span class=\"_ _0\"></span>ons se<span class=\"_ _0\"></span>ctor, a different l<span class=\"_ _0\"></span>oss rate has b<span class=\"_ _0\"></span>een ap<span class=\"_ _0\"></span>plied to th<span class=\"_ _0\"></span>e USA and Ja<span class=\"_ _0\"></span>pan compa<span class=\"_ _0\"></span>red to the rema<span class=\"_ _0\"></span>inder of th<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent\u2019s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4e2\">geo<span class=\"_ _0\"></span>graphic<span class=\"_ _0\"></span>al market<span class=\"_ _0\"></span>s. In th<span class=\"_ _0\"></span>e Medi<span class=\"_ _0\"></span>cal se<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>, a sin<span class=\"_ _0\"></span>gle highe<span class=\"_ _0\"></span>r rate of allowan<span class=\"_ _0\"></span>ce has bee<span class=\"_ _0\"></span>n used to ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t the high<span class=\"_ _0\"></span>er risk of d<span class=\"_ _0\"></span>efault of the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs4e3\">customer base.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4e4\">The G<span class=\"_ _0\"></span>roup\u2019s payment ter<span class=\"_ _0\"></span>ms ty<span class=\"_ _0\"></span>pica<span class=\"_ _0\"></span>lly range fro<span class=\"_ _0\"></span>m 30 to 60 day<span class=\"_ _0\"></span>s dep<span class=\"_ _0\"></span>ending o<span class=\"_ _0\"></span>n geog<span class=\"_ _0\"></span>raphy<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>rad<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>vables a<span class=\"_ _0\"></span>re spec<span class=\"_ _0\"></span>ificall<span class=\"_ _0\"></span>y impaire<span class=\"_ _0\"></span>d and </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4e5\">consid<span class=\"_ _0\"></span>ered in de<span class=\"_ _0\"></span>fault when th<span class=\"_ _0\"></span>e amount is in di<span class=\"_ _0\"></span>spute, when c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs are b<span class=\"_ _0\"></span>elieved to b<span class=\"_ _0\"></span>e in financia<span class=\"_ _0\"></span>l diff<span class=\"_ _0\"></span>icult<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, or if a<span class=\"_ _0\"></span>ny other reas<span class=\"_ _0\"></span>on exis<span class=\"_ _0\"></span>ts </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4e6\">which i<span class=\"_ _0\"></span>mplies t<span class=\"_ _0\"></span>hat there is d<span class=\"_ _0\"></span>oubt over th<span class=\"_ _0\"></span>e recoverab<span class=\"_ _0\"></span>ility of t<span class=\"_ _0\"></span>he debt<span class=\"_ _0\"></span>. They are w<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ten of<span class=\"_ _0\"></span>f when th<span class=\"_ _0\"></span>ere is no reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4e7\">recover<span class=\"_ _0\"></span>y, based o<span class=\"_ _0\"></span>n an est<span class=\"_ _0\"></span>imate of the finan<span class=\"_ _0\"></span>cial pos<span class=\"_ _0\"></span>ition of th<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs4e9\">Im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of cli<span class=\"_ _0\"></span>mate c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ea\">Climate change w<span class=\"_ _0\"></span>ill impac<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s in dif<span class=\"_ _0\"></span>ferent way<span class=\"_ _0\"></span>s and over dif<span class=\"_ _0\"></span>ferent tim<span class=\"_ _0\"></span>e horizons<span class=\"_ _0\"></span>. Whils<span class=\"_ _0\"></span>t the overall im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4eb\">of climate chang<span class=\"_ _0\"></span>e on the Gro<span class=\"_ _0\"></span>up\u2019s revenue is anticip<span class=\"_ _0\"></span>ated to be p<span class=\"_ _0\"></span>ositiv<span class=\"_ _0\"></span>e, there will b<span class=\"_ _0\"></span>e markets<span class=\"_ _0\"></span>/s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tors w<span class=\"_ _0\"></span>hich are ad<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>ely </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ec\">impac<span class=\"_ _0\"></span>ted. T<span class=\"_ _0\"></span>his is not ant<span class=\"_ _0\"></span>icipated to have a<span class=\"_ _0\"></span>n adver<span class=\"_ _0\"></span>se imp<span class=\"_ _0\"></span>act in t<span class=\"_ _0\"></span>he shor<span class=\"_ _0\"></span>t-term as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment of re<span class=\"_ _0\"></span>coverabilit<span class=\"_ _0\"></span>y, i.e<span class=\"_ _1\"></span>. over t<span class=\"_ _0\"></span>he life of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ed\">the re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es on the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023. The ag<span class=\"_ _0\"></span>eing of trad<span class=\"_ _0\"></span>e receiva<span class=\"_ _0\"></span>bles is sh<span class=\"_ _0\"></span>own be<span class=\"_ _0\"></span>low wit<span class=\"_ _0\"></span>h 84% not yet </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ee\">due of w<span class=\"_ _0\"></span>hich the vas<span class=\"_ _0\"></span>t major<span class=\"_ _0\"></span>ity w<span class=\"_ _0\"></span>ill be cle<span class=\"_ _0\"></span>ared wi<span class=\"_ _0\"></span>thin 60 day<span class=\"_ _0\"></span>s of the year e<span class=\"_ _0\"></span>nd. The G<span class=\"_ _0\"></span>roup moni<span class=\"_ _0\"></span>tors the a<span class=\"_ _0\"></span>geing an<span class=\"_ _0\"></span>d profile of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ef\">the re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es on a reg<span class=\"_ _0\"></span>ular basis, i<span class=\"_ _0\"></span>ncluding th<span class=\"_ _0\"></span>e regular us<span class=\"_ _0\"></span>e of ex<span class=\"_ _0\"></span>ternal cre<span class=\"_ _0\"></span>dit rating ag<span class=\"_ _0\"></span>encie<span class=\"_ _0\"></span>s, and upda<span class=\"_ _0\"></span>tes the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted c<span class=\"_ _0\"></span>redit </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4f0\">los<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el assump<span class=\"_ _0\"></span>tions if ev<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ce of changing tren<span class=\"_ _0\"></span>ds or risk pr<span class=\"_ _0\"></span>ofiles em<span class=\"_ _0\"></span>erges<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4f1\">T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les, b<span class=\"_ _0\"></span>eing \u2018held to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t\u2019 a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s, ca<span class=\"_ _0\"></span>n be analy<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs4f2\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs4f3\">A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _161\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4f4\">Amo<span class=\"_ _0\"></span>unts n<span class=\"_ _0\"></span>ot past du<span class=\"_ _0\"></span>e<span class=\"_ _233\"> </span><span class=\"ff27 ls17 ws14\">30.5<span class=\"_ _8a\"> </span></span><span class=\"lse wsc\">36<span class=\"_ _0\"></span>.0<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4f5\">Amo<span class=\"_ _0\"></span>unts p<span class=\"_ _0\"></span>ast due:<span class=\"_ _234\"> </span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4f6\">\u2013 Les<span class=\"_ _0\"></span>s than 30 day<span class=\"_ _0\"></span>s <span class=\"_ _235\"> </span><span class=\"ff27 lsc wsa\">4.6<span class=\"_ _b7\"> </span></span><span class=\"ls29 ws26\">2.3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4f7\">\u2013 30 to 60 d<span class=\"_ _0\"></span>ays <span class=\"_ _236\"> </span><span class=\"ff27 lsc wsa\">0.6<span class=\"_ _b7\"> </span></span><span class=\"ls7e ws76\">0.9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4f8\">\u2013 More t<span class=\"_ _0\"></span>han 60 day<span class=\"_ _0\"></span>s<span class=\"_ _237\"> </span><span class=\"ff27 ls17 ws14\">0.3<span class=\"_ _b7\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4f9\">T<span class=\"_ _1\"></span>otal p<span class=\"_ _0\"></span>ast du<span class=\"_ _0\"></span>e <span class=\"_ _238\"> </span><span class=\"ff27 ls12d ws125\">5.5<span class=\"_ _106\"> </span></span><span class=\"ls15 ws13\">4.4<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4fa\">Lifet<span class=\"_ _0\"></span>ime ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses<span class=\"_ _239\"> </span><span class=\"ff27 ls1c ws1a\">(0.5<span class=\"_ _0\"></span>)<span class=\"_ _11a\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.1)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4fb\">Amo<span class=\"_ _0\"></span>unts sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>ficall<span class=\"_ _0\"></span>y impaired <span class=\"_ _23a\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _124\"> </span></span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4fc\">Spe<span class=\"_ _0\"></span>cific al<span class=\"_ _0\"></span>lowances fo<span class=\"_ _0\"></span>r bad and d<span class=\"_ _0\"></span>oubtf<span class=\"_ _0\"></span>ul debt<span class=\"_ _0\"></span>s <span class=\"_ _23b\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _11a\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4fd\">Carr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount of impair<span class=\"_ _0\"></span>ed recei<span class=\"_ _0\"></span>vable<span class=\"_ _0\"></span>s <span class=\"_ _1ea\"> </span><span class=\"ff27\">\u2014<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs4fe\">T<span class=\"_ _1\"></span>rad<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les n<span class=\"_ _0\"></span>et of al<span class=\"_ _0\"></span>lowan<span class=\"_ _0\"></span>ces <span class=\"_ _23c\"> </span><span class=\"fc3 ls18 ws15\">35.5<span class=\"_ _8b\"> </span><span class=\"ff28 ls7e ws76\">39.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ff\">Move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in the allow<span class=\"_ _0\"></span>ance for impair<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s were:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs500\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls66 ws62 gs501\">\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs502\">At beginnin<span class=\"_ _0\"></span>g of year<span class=\"_ _23d\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>2<span class=\"_ _b7\"> </span></span>0.8<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs503\">Charge in the yea<span class=\"_ _0\"></span>r<span class=\"_ _221\"> </span><span class=\"ff27 ls7f ws70\">1.3<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs504\">Rele<span class=\"_ _0\"></span>ase of allo<span class=\"_ _0\"></span>wance<span class=\"_ _14e\"> </span><span class=\"ff27 ls132 ws18d\">(1.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _ad\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs505\">At end o<span class=\"_ _0\"></span>f year <span class=\"_ _23e\"> </span><span class=\"fc3 lsc wsa\">0.6<span class=\"_ _b7\"> </span><span class=\"ff28 lsfb wsf5\">1.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs506\">The ra<span class=\"_ _0\"></span>nge of ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>s (\u2018ECL<span class=\"_ _2\"></span>\u2019) allow<span class=\"_ _0\"></span>ance is as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs507\">Le<span class=\"_ _0\"></span>ss tha<span class=\"_ _0\"></span>n<span class=\"_ _5e\"> </span>30 to 6<span class=\"_ _0\"></span>0<span class=\"_ _5e\"> </span>6<span class=\"_ _0\"></span>0 to 90<span class=\"_ _b7\"> </span>Mo<span class=\"_ _0\"></span>re than<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs508\">30 da<span class=\"_ _0\"></span>ys <span class=\"_ _1e9\"> </span><span class=\"ls66 ws62\">d<span class=\"_ _0\"></span>ays<span class=\"_ _107\"> </span>day<span class=\"_ _0\"></span>s<span class=\"_ _d2\"> </span></span>90 da<span class=\"_ _0\"></span>ys<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls19d wsde gs509\">Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt<span class=\"_ _5e\"> </span><span class=\"ls6 ws0\">p<span class=\"_ _0\"></span>ast d<span class=\"_ _0\"></span>ue<span class=\"_ _5e\"> </span>pas<span class=\"_ _0\"></span>t due<span class=\"_ _5e\"> </span>pa<span class=\"_ _0\"></span>st du<span class=\"_ _0\"></span>e<span class=\"_ _5e\"> </span>pas<span class=\"_ _0\"></span>t due<span class=\"_ _10e\"> </span><span class=\"ff27 ls1a1 ws1a2\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs50a\">\u00a3m<span class=\"_ _1a0\"> </span>\u00a3m<span class=\"_ _1a0\"> </span>\u00a3m<span class=\"_ _23f\"> </span>\u00a3m<span class=\"_ _1a0\"> </span>\u00a3m<span class=\"_ _1a0\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls8 ws6 gs50b\">2023<span class=\"_ _d4\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _240\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span><span class=\"ff27\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs50c\">% allowa<span class=\"_ _0\"></span>nce<span class=\"_ _242\"> </span><span class=\"ls19 ws16\">0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.3%<span class=\"_ _eb\"> </span><span class=\"lsea wse5\">0<span class=\"_ _0\"></span>.5%<span class=\"_ _6\"></span>\u20131.5%<span class=\"_ _7e\"> </span><span class=\"ls6a ws66\">20%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>50%<span class=\"_ _70\"> </span>5<span class=\"_ _0\"></span>0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0%<span class=\"_ _243\"> </span><span class=\"ls6c ws68\">75%<span class=\"_ _6\"></span>\u201310<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _244\"> </span></span></span></span></span><span class=\"ff27\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs50d\">T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les<span class=\"_ _245\"> </span><span class=\"ls9 ws7\">30.5<span class=\"_ _29\"> </span></span>4.6<span class=\"_ _bf\"> </span>0.6<span class=\"_ _59\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _59\"> </span></span>0.3<span class=\"_ _a3\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs50e\">Allo<span class=\"_ _0\"></span>wance (inclu<span class=\"_ _0\"></span>sive of spe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs50f\">impairm<span class=\"_ _0\"></span>ents)<span class=\"_ _18\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _f9\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1b0\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1b0\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)<span class=\"_ _163\"> </span><span class=\"ff27 ls1c ws1a\">(0.6)</span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs510\"> <span class=\"_ _246\"> </span><span class=\"ff27 ls18 ws15\">35.5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls12d ws125 gs511\">2022<span class=\"_ _d4\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _240\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span><span class=\"ff27\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs512\">% allowa<span class=\"_ _0\"></span>nce<span class=\"_ _242\"> </span><span class=\"ls19 ws16\">0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.3%<span class=\"_ _eb\"> </span><span class=\"lsea wse5\">0<span class=\"_ _0\"></span>.5%<span class=\"_ _6\"></span>\u20131.5%<span class=\"_ _7e\"> </span><span class=\"ls6a ws66\">20%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>50%<span class=\"_ _70\"> </span>5<span class=\"_ _0\"></span>0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0%<span class=\"_ _243\"> </span><span class=\"ls6c ws68\">75%<span class=\"_ _6\"></span>\u201310<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _244\"> </span></span></span></span></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs513\">T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les<span class=\"_ _245\"> </span><span class=\"lse wsc\">36.0<span class=\"_ _29\"> </span><span class=\"ls29 ws26\">2.3<span class=\"_ _107\"> </span><span class=\"ls7e ws76\">0.9<span class=\"_ _107\"> </span></span></span></span>0.6<span class=\"_ _107\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _11\"> </span><span class=\"ls9 ws7\">4<span class=\"_ _0\"></span>0.5<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs514\">Allo<span class=\"_ _0\"></span>wance (inclu<span class=\"_ _0\"></span>sive of spe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs515\">impairm<span class=\"_ _0\"></span>ents)<span class=\"_ _18\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _f9\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)<span class=\"_ _247\"> </span><span class=\"ls22 ws6b\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _247\"> </span><span class=\"ls6 ws0\">(0.5)<span class=\"_ _a3\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)</span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs516\"> <span class=\"_ _248\"> </span> <span class=\"_ _240\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _10e\"> </span><span class=\"ls7e ws76\">39.3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs517\">The c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k in respe<span class=\"_ _0\"></span>ct of c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s, other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and der<span class=\"_ _0\"></span>ivativ<span class=\"_ _0\"></span>e financial ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts is limi<span class=\"_ _0\"></span>ted be<span class=\"_ _0\"></span>cause th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs518\">counterp<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>ies wi<span class=\"_ _0\"></span>th signifi<span class=\"_ _0\"></span>cant bala<span class=\"_ _0\"></span>nces are es<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>lished inter<span class=\"_ _0\"></span>national b<span class=\"_ _0\"></span>anks w<span class=\"_ _0\"></span>hose c<span class=\"_ _0\"></span>redit ratin<span class=\"_ _0\"></span>gs are monito<span class=\"_ _0\"></span>red on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis. Th<span class=\"_ _0\"></span>ese </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs519\">balance<span class=\"_ _0\"></span>s are there<span class=\"_ _0\"></span>fore conside<span class=\"_ _0\"></span>red to have low cre<span class=\"_ _0\"></span>dit risk o<span class=\"_ _0\"></span>n initial reco<span class=\"_ _0\"></span>gnitio<span class=\"_ _0\"></span>n. </div>Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents<span class=\"_ _2cb\"> </span>Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s compris<span class=\"_ _0\"></span>e cash ba<span class=\"_ _0\"></span>lances, c<span class=\"_ _0\"></span>all dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r shor<span class=\"_ _0\"></span>t-term de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>ally of thre<span class=\"_ _0\"></span>e months o<span class=\"_ _0\"></span>r les<span class=\"_ _0\"></span>s. The c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s disclo<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Group bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t and in the Gro<span class=\"_ _0\"></span>up cash fl<span class=\"_ _0\"></span>ow st<span class=\"_ _0\"></span>atement inclu<span class=\"_ _0\"></span>de \u00a33.4<span class=\"_ _0\"></span>m ring<span class=\"_ _0\"></span>-fenced in th<span class=\"_ _0\"></span>e Group\u2019s C<span class=\"_ _1\"></span>hine<span class=\"_ _0\"></span>se subsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s, which is co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted to capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pansio<span class=\"_ _0\"></span>n (F<span class=\"_ _0\"></span>Y 2022: \u00a32<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>8m) and therefo<span class=\"_ _0\"></span>re is not availabl<span class=\"_ _0\"></span>e for general<span class=\"_ _1\"></span> use by the other en<span class=\"_ _1\"></span>tities within the Group.<span class=\"_ _2cb\"> </span>Other financial assets<span class=\"_ _2cb\"> </span>Cash inves<span class=\"_ _0\"></span>ted in term or n<span class=\"_ _0\"></span>otice de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s greater tha<span class=\"_ _0\"></span>n three mo<span class=\"_ _0\"></span>nths in duratio<span class=\"_ _0\"></span>n doe<span class=\"_ _0\"></span>s not mee<span class=\"_ _0\"></span>t the criter<span class=\"_ _0\"></span>ia to be class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s cash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s. Accordi<span class=\"_ _0\"></span>ngly<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>ese d<span class=\"_ _0\"></span>eposi<span class=\"_ _0\"></span>ts have b<span class=\"_ _0\"></span>een pre<span class=\"_ _0\"></span>sented w<span class=\"_ _0\"></span>ithin other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and are c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _0\"></span>FRS 9.<span class=\"_ _2cb\"> </span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t consist<span class=\"_ _0\"></span>s of loa<span class=\"_ _0\"></span>ns receiva<span class=\"_ _0\"></span>ble. The l<span class=\"_ _0\"></span>oan rece<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e\u2019<span class=\"_ _1\"></span>s init<span class=\"_ _0\"></span>ial fair value is th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of the futu<span class=\"_ _0\"></span>re repay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s, discou<span class=\"_ _0\"></span>nted using a market rate of intere<span class=\"_ _0\"></span>st for an ar<span class=\"_ _0\"></span>ms lengt<span class=\"_ _0\"></span>h loan, w<span class=\"_ _0\"></span>hen the lo<span class=\"_ _0\"></span>an is granted inter<span class=\"_ _0\"></span>est fre<span class=\"_ _0\"></span>e. As th<span class=\"_ _0\"></span>e loans recei<span class=\"_ _0\"></span>vable are h<span class=\"_ _0\"></span>eld for coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion of contra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l cash fl<span class=\"_ _0\"></span>ows, w<span class=\"_ _0\"></span>here cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s repres<span class=\"_ _0\"></span>ent sol<span class=\"_ _0\"></span>ely paym<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>f principl<span class=\"_ _0\"></span>e and ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t, they are m<span class=\"_ _0\"></span>easured a<span class=\"_ _0\"></span>t amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost in a<span class=\"_ _0\"></span>ccordance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 9. Both the i<span class=\"_ _0\"></span>nitial dis<span class=\"_ _0\"></span>count bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the fair value an<span class=\"_ _0\"></span>d loan valu<span class=\"_ _0\"></span>e, and the subse<span class=\"_ _0\"></span>quent unw<span class=\"_ _0\"></span>ind of the dis<span class=\"_ _0\"></span>count is includ<span class=\"_ _0\"></span>ed withi<span class=\"_ _0\"></span>n finance (cost<span class=\"_ _0\"></span>s)/<span class=\"_ _0\"></span>incom<span class=\"_ _0\"></span>e in the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment. A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>e maximu<span class=\"_ _0\"></span>m exp<span class=\"_ _0\"></span>osure wit<span class=\"_ _0\"></span>h a single bank fo<span class=\"_ _0\"></span>r depo<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _0\"></span>lents a<span class=\"_ _0\"></span>nd other fin<span class=\"_ _0\"></span>ancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s) was \u00a3<span class=\"_ _1\"></span>19<span class=\"_ _1\"></span>.8<span class=\"_ _0\"></span>m (30 Se<span class=\"_ _0\"></span>ptember 2022: \u00a326.3m) for the Gro<span class=\"_ _0\"></span>up. As at 3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber 2023, the larg<span class=\"_ _0\"></span>est ma<span class=\"_ _0\"></span>rk to market exp<span class=\"_ _0\"></span>osure for gains o<span class=\"_ _0\"></span>n for<span class=\"_ _0\"></span>ward foreign e<span class=\"_ _0\"></span>xchange cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s to a singl<span class=\"_ _0\"></span>e bank was \u00a30.9m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022: \u00a3<span class=\"_ _1\"></span>nil). T<span class=\"_ _0\"></span>he amount<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>eposi<span class=\"_ _0\"></span>t at the year en<span class=\"_ _0\"></span>d repres<span class=\"_ _0\"></span>ent the Group\u2019s maxim<span class=\"_ _0\"></span>um exp<span class=\"_ _0\"></span>osure to credi<span class=\"_ _0\"></span>t risk on ca<span class=\"_ _0\"></span>sh and de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Liquidity risk<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s objec<span class=\"_ _0\"></span>tive in te<span class=\"_ _0\"></span>rms of fundin<span class=\"_ _0\"></span>g capac<span class=\"_ _0\"></span>ity is to e<span class=\"_ _0\"></span>nsure that it alw<span class=\"_ _0\"></span>ays has suf<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>ent shor<span class=\"_ _0\"></span>t-term and l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-term fundin<span class=\"_ _0\"></span>g available, eithe<span class=\"_ _0\"></span>r in the form of t<span class=\"_ _0\"></span>he Group\u2019s cash res<span class=\"_ _0\"></span>ources or co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted bank facili<span class=\"_ _0\"></span>ties. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p has suf<span class=\"_ _0\"></span>ficient fun<span class=\"_ _0\"></span>ds availabl<span class=\"_ _0\"></span>e to meet it<span class=\"_ _0\"></span>s curre<span class=\"_ _0\"></span>nt funding re<span class=\"_ _0\"></span>quireme<span class=\"_ _0\"></span>nts for bot<span class=\"_ _0\"></span>h revenue an<span class=\"_ _0\"></span>d capit<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>penditu<span class=\"_ _0\"></span>re. In order to fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er manage li<span class=\"_ _0\"></span>quidit<span class=\"_ _0\"></span>y risk to an a<span class=\"_ _0\"></span>cceptabl<span class=\"_ _0\"></span>e level, th<span class=\"_ _0\"></span>e Group had a U<span class=\"_ _0\"></span>K bank facilit<span class=\"_ _0\"></span>y of \u00a34<span class=\"_ _0\"></span>0m (\u00a320m co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted and \u00a320<span class=\"_ _0\"></span>m accordio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>) at th<span class=\"_ _0\"></span>e year end, w<span class=\"_ _0\"></span>hich was all un<span class=\"_ _0\"></span>drawn at th<span class=\"_ _0\"></span>e year end date. Subse<span class=\"_ _0\"></span>quent to the ye<span class=\"_ _0\"></span>ar end, the Gr<span class=\"_ _0\"></span>oup has rene<span class=\"_ _0\"></span>wed it<span class=\"_ _0\"></span>s bank facilit<span class=\"_ _0\"></span>y, increasing the fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>y to \u00a3<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>0m (\u00a340<span class=\"_ _0\"></span>m commit<span class=\"_ _0\"></span>ted an<span class=\"_ _0\"></span>d \u00a320m accordio<span class=\"_ _0\"></span>n)<span class=\"_ _1\"></span>, whi<span class=\"_ _0\"></span>ch exp<span class=\"_ _0\"></span>ires in Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 2026.<span class=\"_ _2cb\"> </span>Both th<span class=\"_ _0\"></span>e previo<span class=\"_ _0\"></span>us and renew<span class=\"_ _0\"></span>ed facilit<span class=\"_ _0\"></span>y conta<span class=\"_ _0\"></span>ins covenant measu<span class=\"_ _0\"></span>res that are te<span class=\"_ _0\"></span>sted bia<span class=\"_ _0\"></span>nnually. They consis<span class=\"_ _0\"></span>t of: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>levera<span class=\"_ _0\"></span>ge, being th<span class=\"_ _0\"></span>e ratio of Grou<span class=\"_ _0\"></span>p consolid<span class=\"_ _0\"></span>ated net d<span class=\"_ _0\"></span>ebt to Group cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d profit b<span class=\"_ _0\"></span>efore interes<span class=\"_ _0\"></span>t, ta<span class=\"_ _0\"></span>x, de<span class=\"_ _0\"></span>preciat<span class=\"_ _0\"></span>ion and amortisation; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>interes<span class=\"_ _0\"></span>t cover<span class=\"_ _1\"></span>, bein<span class=\"_ _0\"></span>g the ratio of G<span class=\"_ _0\"></span>roup conso<span class=\"_ _0\"></span>lidated prof<span class=\"_ _0\"></span>it before inte<span class=\"_ _0\"></span>rest an<span class=\"_ _0\"></span>d tax to th<span class=\"_ _0\"></span>e Group cons<span class=\"_ _0\"></span>olidated n<span class=\"_ _0\"></span>et interes<span class=\"_ _0\"></span>t.<span class=\"_ _2cb\"> </span>In ad<span class=\"_ _0\"></span>dition to t<span class=\"_ _0\"></span>he UK bank fac<span class=\"_ _0\"></span>ility, the Group ha<span class=\"_ _0\"></span>s an RMB l<span class=\"_ _0\"></span>oan facilit<span class=\"_ _0\"></span>y in P<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X<span class=\"_ _0\"></span>, det<span class=\"_ _0\"></span>ails of which a<span class=\"_ _0\"></span>re include<span class=\"_ _0\"></span>d in note 1<span class=\"_ _1\"></span>5.<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>e Group had a c<span class=\"_ _0\"></span>ash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _0\"></span>lent<span class=\"_ _0\"></span>s balance of \u00a333.4<span class=\"_ _0\"></span>m (30 Sep<span class=\"_ _0\"></span>tember 2022: \u00a358.7<span class=\"_ _1\"></span>m). In addi<span class=\"_ _0\"></span>tion to this, th<span class=\"_ _0\"></span>e Group had c<span class=\"_ _0\"></span>ash held o<span class=\"_ _0\"></span>n 95-<span class=\"_ _0\"></span>day n<span class=\"_ _0\"></span>otice dep<span class=\"_ _0\"></span>osit accou<span class=\"_ _0\"></span>nts of \u00a30.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m (3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2022: \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m). The max<span class=\"_ _0\"></span>imum dep<span class=\"_ _0\"></span>osit le<span class=\"_ _0\"></span>ngth utilis<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up when c<span class=\"_ _0\"></span>ash is inves<span class=\"_ _0\"></span>ted both d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar ende<span class=\"_ _0\"></span>d 30 Septe<span class=\"_ _0\"></span>mber 2023 and up to t<span class=\"_ _0\"></span>he date of this re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t is 95 days (F<span class=\"_ _0\"></span>Y<span class=\"_ gs1\"> </span>2022: 95 days).<span class=\"_ _2cb\"> </span>Financial<span class=\"_ _1\"></span> asset<span class=\"_ _0\"></span>s held<span class=\"_ _1\"></span> at amortised cost<span class=\"_ _2cb\"> </span>The l<span class=\"_ _0\"></span>oans rece<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e granted in the cu<span class=\"_ _0\"></span>rrent year are s<span class=\"_ _0\"></span>ecure<span class=\"_ _0\"></span>d, non-<span class=\"_ _0\"></span>interes<span class=\"_ _0\"></span>t bear<span class=\"_ _0\"></span>ing with an a<span class=\"_ _0\"></span>greed te<span class=\"_ _0\"></span>rm of 1<span class=\"_ _1\"></span>2 year<span class=\"_ _0\"></span>s, with re<span class=\"_ _0\"></span>payme<span class=\"_ _0\"></span>nts comme<span class=\"_ _0\"></span>ncing from F<span class=\"_ _0\"></span>Y 2029. The lo<span class=\"_ _0\"></span>ans recei<span class=\"_ _0\"></span>vable have b<span class=\"_ _0\"></span>een dis<span class=\"_ _0\"></span>counted to pre<span class=\"_ _0\"></span>sent value, wi<span class=\"_ _0\"></span>th this dis<span class=\"_ _0\"></span>count charge inc<span class=\"_ _0\"></span>luded in f<span class=\"_ _0\"></span>inance cost<span class=\"_ _0\"></span>s in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, matching agains<span class=\"_ _0\"></span>t where t<span class=\"_ _0\"></span>he interes<span class=\"_ _0\"></span>t is being unw<span class=\"_ _0\"></span>ound over th<span class=\"_ _0\"></span>e term of the l<span class=\"_ _0\"></span>oan.<span class=\"_ _2cb\"> </span>The c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k in relation to t<span class=\"_ _0\"></span>he loans re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>le is de<span class=\"_ _0\"></span>emed to b<span class=\"_ _0\"></span>e low af<span class=\"_ _0\"></span>ter consid<span class=\"_ _0\"></span>eration of t<span class=\"_ _0\"></span>he risk of de<span class=\"_ _0\"></span>fault; the d<span class=\"_ _0\"></span>ebtor is consi<span class=\"_ _0\"></span>dered to have cap<span class=\"_ _0\"></span>acit<span class=\"_ _0\"></span>y to meet t<span class=\"_ _0\"></span>he contrac<span class=\"_ _0\"></span>tual ca<span class=\"_ _0\"></span>sh flow o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons per th<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>t.<span class=\"_ _2cb\"> </span>Price risk<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s produc<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>ntain a numb<span class=\"_ _0\"></span>er of key raw materials an<span class=\"_ _0\"></span>d its o<span class=\"_ _0\"></span>perati<span class=\"_ _0\"></span>ons require e<span class=\"_ _0\"></span>nergy, notabl<span class=\"_ _0\"></span>y elec<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span>y and natural gas<span class=\"_ _0\"></span>. Any increas<span class=\"_ _0\"></span>e or volat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in prices an<span class=\"_ _0\"></span>d any signifi<span class=\"_ _0\"></span>cant de<span class=\"_ _0\"></span>crease in t<span class=\"_ _0\"></span>he availabili<span class=\"_ _0\"></span>ty of raw ma<span class=\"_ _0\"></span>terials or en<span class=\"_ _0\"></span>ergy coul<span class=\"_ _0\"></span>d affe<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e Group\u2019s result<span class=\"_ _0\"></span>s. Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x stri<span class=\"_ _0\"></span>ves to obt<span class=\"_ _0\"></span>ain the be<span class=\"_ _0\"></span>st pri<span class=\"_ _0\"></span>ces and us<span class=\"_ _0\"></span>es contrac<span class=\"_ _0\"></span>tual me<span class=\"_ _0\"></span>ans to benef<span class=\"_ _0\"></span>it wher<span class=\"_ _0\"></span>e approp<span class=\"_ _0\"></span>riate and po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e. The Group ha<span class=\"_ _0\"></span>s a signifi<span class=\"_ _0\"></span>cant deg<span class=\"_ _0\"></span>ree of influe<span class=\"_ _0\"></span>nce over it<span class=\"_ _0\"></span>s suppl<span class=\"_ _0\"></span>y chain which e<span class=\"_ _0\"></span>nables i<span class=\"_ _0\"></span>t to effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vely mana<span class=\"_ _0\"></span>ge the ris<span class=\"_ _0\"></span>k in this area.<span class=\"_ _2cb\"> </span>Capital manageme<span class=\"_ _0\"></span>nt<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup def<span class=\"_ _0\"></span>ines the c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al that it manag<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>e Group\u2019s total equit<span class=\"_ _0\"></span>y. The Group\u2019s poli<span class=\"_ _0\"></span>cy for m<span class=\"_ _0\"></span>anaging ca<span class=\"_ _0\"></span>pital i<span class=\"_ _0\"></span>s to maintain a s<span class=\"_ _0\"></span>trong balance s<span class=\"_ _0\"></span>heet w<span class=\"_ _0\"></span>ith the o<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>tive of ma<span class=\"_ _0\"></span>intaining cus<span class=\"_ _0\"></span>tomer, supplier an<span class=\"_ _0\"></span>d investor co<span class=\"_ _0\"></span>nfidence in t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss and to ensure t<span class=\"_ _0\"></span>hat the Grou<span class=\"_ _0\"></span>p has suf<span class=\"_ _0\"></span>ficie<span class=\"_ _0\"></span>nt resource<span class=\"_ _0\"></span>s to be abl<span class=\"_ _0\"></span>e to invest in futu<span class=\"_ _0\"></span>re develo<span class=\"_ _0\"></span>pment an<span class=\"_ _0\"></span>d grow<span class=\"_ _0\"></span>th of the bus<span class=\"_ _0\"></span>iness<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Foll<span class=\"_ _0\"></span>owing en<span class=\"_ _0\"></span>gagem<span class=\"_ _0\"></span>ent with sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>ers du<span class=\"_ _0\"></span>ring F<span class=\"_ _0\"></span>Y 2023, share buyb<span class=\"_ _0\"></span>ack<span class=\"_ _0\"></span>s are now inclu<span class=\"_ _0\"></span>ded as an o<span class=\"_ _0\"></span>ption for fu<span class=\"_ _0\"></span>ture shareho<span class=\"_ _0\"></span>lder retu<span class=\"_ _0\"></span>rns, along<span class=\"_ _0\"></span>side sp<span class=\"_ _0\"></span>ecial di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nds, wit<span class=\"_ _0\"></span>hin our ca<span class=\"_ _0\"></span>pital all<span class=\"_ _0\"></span>ocat<span class=\"_ _0\"></span>ion po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Th<span class=\"_ _0\"></span>e Board d<span class=\"_ _0\"></span>oes not e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>ct to ma<span class=\"_ _0\"></span>ke share repurchas<span class=\"_ _0\"></span>es during 2024, base<span class=\"_ _0\"></span>d on curre<span class=\"_ _0\"></span>nt cash res<span class=\"_ _0\"></span>ources an<span class=\"_ _0\"></span>d ongoin<span class=\"_ _0\"></span>g investm<span class=\"_ _0\"></span>ent in the busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>o e<span class=\"_ _0\"></span>nsure the Bo<span class=\"_ _0\"></span>ard has the n<span class=\"_ _0\"></span>eces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y fle<span class=\"_ _0\"></span>xibilit<span class=\"_ _0\"></span>y, there is a res<span class=\"_ _0\"></span>olutio<span class=\"_ _0\"></span>n prop<span class=\"_ _0\"></span>osed a<span class=\"_ _0\"></span>t each AGM to autho<span class=\"_ _0\"></span>rise th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany to make one or mo<span class=\"_ _0\"></span>re market purchas<span class=\"_ _0\"></span>es of it<span class=\"_ _0\"></span>s ordinar<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s up to a maxim<span class=\"_ _0\"></span>um number of shares e<span class=\"_ _0\"></span>qual to 1<span class=\"_ _1\"></span>0% of it<span class=\"_ _0\"></span>s issu<span class=\"_ _0\"></span>ed ordinar<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>e capit<span class=\"_ _0\"></span>al as at the d<span class=\"_ _0\"></span>ate of the N<span class=\"_ _0\"></span>otice of Annua<span class=\"_ _0\"></span>l General M<span class=\"_ _0\"></span>eeti<span class=\"_ _0\"></span>ng.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s capit<span class=\"_ _0\"></span>al and equit<span class=\"_ _0\"></span>y rati<span class=\"_ _0\"></span>o is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _161\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> e<span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _5\"></span>y<span class=\"_ _249\"> </span><span class=\"ff27 ls7f ws70\">5<span class=\"_ _0\"></span>01.0<span class=\"_ _11f\"> </span></span><span class=\"ls6 ws0\">490.6<span class=\"_ _2cb\"> </span></span>To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> a<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _24a\"> </span><span class=\"ff27 lsa ws8\">626.6<span class=\"_ _3f\"> </span></span><span class=\"ls128 ws178\">6<span class=\"_ _6\"></span>41.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span>Equi<span class=\"_ _0\"></span>ty ra<span class=\"_ _0\"></span>tio<span class=\"_ _24b\"> </span><span class=\"fc3 ls20 wscc\">8<span class=\"_ _0\"></span>0%<span class=\"_ _46\"> </span><span class=\"ff28 lsc4 ws14b\">76%<span class=\"_ _2cb\"> </span></span></span>Financia<span class=\"_ _0\"></span>l instrume<span class=\"_ _0\"></span>nts<span class=\"_ _2cb\"> </span>Sum<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y of c<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gori<span class=\"_ _0\"></span>es of fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abiliti<span class=\"_ _0\"></span>es<span class=\"_ _2cb\"> </span>Carrying amount and fair<span class=\"_ _1\"></span> value<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _24c\"> </span><span class=\"ls66 ws62\">Note<span class=\"_ _62\"> </span></span>Clas<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>der I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 2023 \u00a3m<span class=\"_ _2cb\"> </span>2022<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Financial assets<span class=\"_ _2cb\"> </span>For<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts us<span class=\"_ _0\"></span>ed for hed<span class=\"_ _0\"></span>ging (derivat<span class=\"_ _0\"></span>ive inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s)<span class=\"_ _245\"> </span>Fair valu<span class=\"_ _0\"></span>e \u2013  hedging instrument<span class=\"_ _2cb\"> </span>2.0<span class=\"_ _62\"> </span><span class=\"ff28 ls6 ws0\">\u2014<span class=\"_ _2cb\"> </span></span>Unquote<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ents<span class=\"_ _24d\"> </span><span class=\"lse3 wsdd\">11<span class=\"_ _12c\"> </span><span class=\"ls87 ws7d\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _186\"> </span><span class=\"ff27 ls12d ws125\">3.<span class=\"_ _0\"></span>5<span class=\"_ _106\"> </span></span><span class=\"ls9 ws7\">3.5<span class=\"_ _2cb\"> </span></span></span></span>Ot<span class=\"_ _0\"></span>her financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at fair value<span class=\"_ _18b\"> </span><span class=\"ls87 ws7d\">FV<span class=\"_ _0\"></span>TPL<span class=\"_ _b7\"> </span><span class=\"ff27 ls6d wsc6\">9.7<span class=\"_ _b7\"> </span></span></span>6.6<span class=\"_ _2cb\"> </span>Ot<span class=\"_ _0\"></span>her financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t<span class=\"_ _14b\"> </span><span class=\"ls8 ws6\">Amortised cost<span class=\"_ _106\"> </span><span class=\"ff27 ls6d wsc6\">0.7<span class=\"_ _11a\"> </span></span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span>T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es<span class=\"_ _9a\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _bf\"> </span><span class=\"ls8 ws6\">A<span class=\"_ _0\"></span>mortised cost<span class=\"_ _8a\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>2<span class=\"_ _45\"> </span></span><span class=\"ls29 ws26\">42.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></span></span>Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s <span class=\"_ _1db\"> </span> <span class=\"_ _a1\"> </span><span class=\"ls8 ws6\">Amor<span class=\"_ _0\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"_ _42\"> </span><span class=\"ff27 ls1a ws1d\">33.<span class=\"_ _0\"></span>4<span class=\"_ _8b\"> </span></span><span class=\"lsde wsd8\">5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span>Financial liab<span class=\"_ _0\"></span>ilities<span class=\"_ _24e\"> </span><span class=\"ff28 fc3 ls6 ws0\"> </span>For<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts us<span class=\"_ _0\"></span>ed for hed<span class=\"_ _0\"></span>ging (derivat<span class=\"_ _0\"></span>ive inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s)<span class=\"_ _245\"> </span>Fair valu<span class=\"_ _0\"></span>e \u2013  hedging instrument<span class=\"_ _2cb\"> </span>(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _3b\"> </span><span class=\"ff28 ls7e ws76\">(1<span class=\"_ _1\"></span>9.9)<span class=\"_ _2cb\"> </span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year<span class=\"_ _d7\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _107\"> </span><span class=\"ls8 ws6\">Amortised cost<span class=\"_ _11a\"> </span><span class=\"ff27 lse wsc\">(5<span class=\"_ _0\"></span>.2)<span class=\"_ _8a\"> </span></span><span class=\"ls7e ws76\">(<span class=\"_ _0\"></span>0.9)<span class=\"_ _2cb\"> </span></span></span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e after o<span class=\"_ _0\"></span>ne year <span class=\"_ _d9\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _107\"> </span><span class=\"ls8 ws6\">Amor<span class=\"_ _0\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"_ _f1\"> </span><span class=\"ff27 ls15 ws13\">(34<span class=\"_ _0\"></span>.5)<span class=\"_ _11f\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>21.<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>)<span class=\"_ _2cb\"> </span></span></span></span>T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other paya<span class=\"_ _0\"></span>bles<span class=\"_ _24f\"> </span><span class=\"ls6c ws68\">18<span class=\"_ _120\"> </span><span class=\"ls73 ws6d\">Oth<span class=\"_ _0\"></span>er financial lia<span class=\"_ _0\"></span>bilities<span class=\"_ _40\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>4<span class=\"_ _5\"> </span>.1)<span class=\"_ _3f\"> </span></span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair va<span class=\"_ _0\"></span>lue<span class=\"_ _2cb\"> </span>Fair value is de<span class=\"_ _0\"></span>termine<span class=\"_ _0\"></span>d using the fair valu<span class=\"_ _0\"></span>e hierarchy whi<span class=\"_ _0\"></span>ch takes into account th<span class=\"_ _0\"></span>e availabilit<span class=\"_ _0\"></span>y of inp<span class=\"_ _0\"></span>ut data into th<span class=\"_ _0\"></span>e fair value cal<span class=\"_ _0\"></span>culation, with l<span class=\"_ _0\"></span>evels go<span class=\"_ _0\"></span>ing from Le<span class=\"_ _0\"></span>vel 1 (quoted market pri<span class=\"_ _0\"></span>ces availabl<span class=\"_ _0\"></span>e) through to Leve<span class=\"_ _0\"></span>l 3 (<span class=\"_ _1\"></span>uno<span class=\"_ _0\"></span>bser<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble input<span class=\"_ _0\"></span>s) with m<span class=\"_ _0\"></span>ore assum<span class=\"_ _0\"></span>ptions inh<span class=\"_ _0\"></span>erent in the fair valu<span class=\"_ _0\"></span>e calcula<span class=\"_ _0\"></span>tion of Le<span class=\"_ _0\"></span>vel 3 ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re obse<span class=\"_ _0\"></span>rva<span class=\"_ _0\"></span>ble inpu<span class=\"_ _0\"></span>ts are no<span class=\"_ _0\"></span>t available t<span class=\"_ _0\"></span>hen anoth<span class=\"_ _0\"></span>er valuatio<span class=\"_ _0\"></span>n techniqu<span class=\"_ _0\"></span>e is used, su<span class=\"_ _0\"></span>ch as<span class=\"_ gs1\"> </span>an incom<span class=\"_ _0\"></span>e appro<span class=\"_ _0\"></span>ach or market ap<span class=\"_ _0\"></span>proach.<span class=\"_ _2cb\"> </span>All fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and liabili<span class=\"_ _0\"></span>ties me<span class=\"_ _0\"></span>asured at fair valu<span class=\"_ _0\"></span>e are categ<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>ed as Leve<span class=\"_ _0\"></span>l 2 within t<span class=\"_ _0\"></span>he fair value hie<span class=\"_ _0\"></span>rarchy<span class=\"_ _1\"></span>, wit<span class=\"_ _0\"></span>h the except<span class=\"_ _0\"></span>ion of inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in unquote<span class=\"_ _0\"></span>d compani<span class=\"_ _0\"></span>es and oth<span class=\"_ _0\"></span>er financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair value whi<span class=\"_ _0\"></span>ch are cate<span class=\"_ _0\"></span>goris<span class=\"_ _0\"></span>ed as Lev<span class=\"_ _0\"></span>el 3. See n<span class=\"_ _0\"></span>ote 1<span class=\"_ _8\"></span>1 fo<span class=\"_ _0\"></span>r furt<span class=\"_ _0\"></span>her det<span class=\"_ _0\"></span>ails. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profile<span class=\"_ _0\"></span>s of the de<span class=\"_ _0\"></span>rivati<span class=\"_ _0\"></span>ve instru<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in designa<span class=\"_ _0\"></span>ted hed<span class=\"_ _0\"></span>ge accounting re<span class=\"_ _0\"></span>lationsh<span class=\"_ _0\"></span>ips and trad<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>vables a<span class=\"_ _0\"></span>re given on p<span class=\"_ _0\"></span>ages 164 and 165 resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tivel<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Inform<span class=\"_ _0\"></span>ation on t<span class=\"_ _0\"></span>he maturit<span class=\"_ _0\"></span>y of the f<span class=\"_ _0\"></span>inancial liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s is include<span class=\"_ _0\"></span>d both wi<span class=\"_ _0\"></span>thin this note an<span class=\"_ _0\"></span>d within n<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>5. F<span class=\"_ _0\"></span>or trad<span class=\"_ _0\"></span>e and other payabl<span class=\"_ _0\"></span>es there a<span class=\"_ _0\"></span>re no amount<span class=\"_ _0\"></span>s due af<span class=\"_ _0\"></span>ter on<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>, the maj<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y falling due in 3<span class=\"_ _0\"></span>0 days or l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. All fair value m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>currin<span class=\"_ _0\"></span>g.<span class=\"_ _2cb\"> </span>Rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliat<span class=\"_ _0\"></span>ion of m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in net f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>s/(deb<span class=\"_ _0\"></span>t)<span class=\"_ _2cb\"> </span>Net f<span class=\"_ _0\"></span>unds<span class=\"_ _0\"></span>/(debt) co<span class=\"_ _0\"></span>nsist<span class=\"_ _0\"></span>s of cash a<span class=\"_ _0\"></span>nd cash e<span class=\"_ _0\"></span>quivale<span class=\"_ _0\"></span>nts tog<span class=\"_ _0\"></span>ether w<span class=\"_ _0\"></span>ith other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, lon<span class=\"_ _0\"></span>g-ter<span class=\"_ _0\"></span>m and shor<span class=\"_ _0\"></span>t-term l<span class=\"_ _0\"></span>oans and fina<span class=\"_ _0\"></span>nce leas<span class=\"_ _0\"></span>e liabilitie<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Note<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 2022<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Cash fl<span class=\"_ _0\"></span>ow<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Exchange and other non-cash movements<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Mov<span class=\"_ _0\"></span>emen<span class=\"_ _0\"></span>t in loans<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>As a<span class=\"_ _0\"></span>t 30 September 2023<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Cash and cash equivalents<span class=\"_ _250\"> </span><span class=\"ls70 ws6a\"> 16<span class=\"_ _0\"></span> <span class=\"_ _40\"> </span><span class=\"lsde wsd8\">5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _e9\"> </span><span class=\"ls4e ws4a\">(24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3)<span class=\"_ _45\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _42\"> </span><span class=\"ff27 ls1a ws1d\">33<span class=\"_ _0\"></span>.4<span class=\"_ _2cb\"> </span></span></span></span></span></span></span>Other financial assets<span class=\"_ _251\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _108\"> </span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _46\"> </span></span>(1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year<span class=\"_ _200\"> </span>15<span class=\"_ _1\"></span>, 16 <span class=\"_ _8b\"> </span><span class=\"ls7e ws76\">(0.9)<span class=\"_ _102\"> </span>0.9<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _6a\"> </span>(<span class=\"_ _6\"></span>5<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _42\"> </span><span class=\"ff27 lse wsc\">(5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2)<span class=\"_ _2cb\"> </span></span></span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e after o<span class=\"_ _0\"></span>ne year<span class=\"_ _44\"> </span>1<span class=\"_ _1\"></span>5, 1<span class=\"_ _1\"></span>6 <span class=\"_ _3b\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>21.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _d3\"> </span><span class=\"ls7e ws76\">0.9<span class=\"_ _db\"> </span></span>1.<span class=\"_ _0\"></span>8<span class=\"_ _46\"> </span></span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5.6)<span class=\"_ _ec\"> </span><span class=\"ff27 ls15 ws13\">(34<span class=\"_ _0\"></span>.5)<span class=\"_ _2cb\"> </span></span>Leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _141\"> </span><span class=\"lse1 wsdb\">19<span class=\"_ _102\"> </span><span class=\"ls7e ws76\">(9.<span class=\"_ _0\"></span>6)<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">2<span class=\"_ _0\"></span>.1<span class=\"_ _d3\"> </span><span class=\"ls9 ws7\">(3.0)<span class=\"_ _13a\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _3d\"> </span><span class=\"ff27 ls132 ws18d\">(10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></span></span></span>Net funds<span class=\"_ _0\"></span>/(<span class=\"_ _1\"></span>debt)<span class=\"_ _179\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _25\"> </span><span class=\"lsde wsd8\">3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _40\"> </span><span class=\"ls7d ws100\">(3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>4)<span class=\"_ _8b\"> </span><span class=\"ls29 ws26\">(2.<span class=\"_ _0\"></span>3)<span class=\"_ _3f\"> </span></span></span>(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _43\"> </span><span class=\"ff27 ls132 ws18d\">(16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls66 ws62 gs578\">Note<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs579\">A<span class=\"_ _0\"></span>s at </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs57a\">1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er</div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls14e ws147 gs57b\"> 20<span class=\"_ _0\"></span>21<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs57c\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs57d\">Cash fl<span class=\"_ _0\"></span>ow<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs57e\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls9a ws8f gs57f\">Exchange and </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs580\">other non-cash </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs581\">movements*<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs582\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs583\">Mov<span class=\"_ _0\"></span>emen<span class=\"_ _0\"></span>t in </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls198 ws19a gs584\">loans<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs585\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs586\">A<span class=\"_ _0\"></span>s at </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs587\">30 September</div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsda wsd4 gs588\"> 2022<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs589\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1c ws1a gs58a\">Cash and cash equivalents<span class=\"_ _111\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _e9\"> </span><span class=\"ls130 ws128\">74<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _108\"> </span></span>(18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _102\"> </span><span class=\"ls29 ws26\">2.<span class=\"_ _0\"></span>4<span class=\"_ _124\"> </span><span class=\"ls6 ws0\"> \u2014 <span class=\"_ _40\"> </span><span class=\"lsde wsd8\">58<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs58b\">Other financial assets<span class=\"_ _252\"> </span><span class=\"ls70 ws6a\"> 16<span class=\"_ _11a\"> </span><span class=\"ls102 wsfa\">3<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _184\"> </span>(<span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>)<span class=\"_ _10d\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _13a\"> </span> \u2014 <span class=\"_ _108\"> </span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs58c\">Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year<span class=\"_ _253\"> </span> 1<span class=\"_ _1\"></span>5, 1<span class=\"_ _1\"></span>6 <span class=\"_ _13a\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _102\"> </span><span class=\"ls7e ws76\">(0.9)<span class=\"_ _ad\"> </span>(0<span class=\"_ _0\"></span>.9)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs58d\">Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e after o<span class=\"_ _0\"></span>ne year<span class=\"_ _44\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> 16<span class=\"_ _d3\"> </span><span class=\"ls7e ws76\">(5<span class=\"_ _0\"></span>.9)<span class=\"_ _25\"> </span></span></span>0.3<span class=\"_ _102\"> </span><span class=\"ls29 ws26\">(<span class=\"_ _0\"></span>2.3)<span class=\"_ _f1\"> </span><span class=\"lse2 wsdc\">(13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _f1\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs58e\">Leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _141\"> </span><span class=\"lse1 wsdb\">19<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span><span class=\"ls70 ws6a\">(10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">2<span class=\"_ _0\"></span>.1<span class=\"_ _186\"> </span><span class=\"lsfb wsf5\">(1.7<span class=\"_ _6\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span><span class=\"ls7e ws76\">(<span class=\"_ _0\"></span>9.6)<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls14 ws12 gs58f\">Net funds<span class=\"_ _254\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _25\"> </span><span class=\"ls9 ws7\">96.5<span class=\"_ _e9\"> </span></span>(43.6)<span class=\"_ _ad\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _3b\"> </span><span class=\"lsdf wsd9\">(14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _115\"> </span><span class=\"lsde wsd8\">3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs590\">* <span class=\"_ _15\"> </span>Th<span class=\"_ _0\"></span>e only ot<span class=\"_ _0\"></span>her no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh move<span class=\"_ _0\"></span>ment re<span class=\"_ _0\"></span>lates to l<span class=\"_ _0\"></span>ease li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, see n<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>9.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls42 ws3e gs591\">Company<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs592\">The o<span class=\"_ _0\"></span>nly rece<span class=\"_ _0\"></span>ivable<span class=\"_ _0\"></span>s of the Company are am<span class=\"_ _0\"></span>ounts o<span class=\"_ _0\"></span>wed by subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akings. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are carr<span class=\"_ _0\"></span>ied at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tised co<span class=\"_ _0\"></span>st subs<span class=\"_ _0\"></span>equent to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls86 wsba gs593\">initial recognit<span class=\"_ _0\"></span>ion.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs594\">The<span class=\"_ _0\"></span>re are no future e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d credit l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s on amou<span class=\"_ _0\"></span>nts owe<span class=\"_ _0\"></span>d by subsidiar<span class=\"_ _0\"></span>y un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ings.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-567": {
   "value": "Derivative financial instru<span class=\"_ _0\"></span>ments and hedg<span class=\"_ _0\"></span>ing activitie<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Deri<span class=\"_ _0\"></span>vative fi<span class=\"_ _0\"></span>nancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s are prim<span class=\"_ _0\"></span>arily us<span class=\"_ _0\"></span>ed by the Grou<span class=\"_ _0\"></span>p to manage it<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>posure to chan<span class=\"_ _0\"></span>ges in forei<span class=\"_ _0\"></span>gn exchang<span class=\"_ _0\"></span>e rates relatin<span class=\"_ _0\"></span>g to overs<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span> sal<span class=\"_ _0\"></span>es and purcha<span class=\"_ _0\"></span>ses. I<span class=\"_ _0\"></span>n accordance w<span class=\"_ _0\"></span>ith it<span class=\"_ _0\"></span>s treasur<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the G<span class=\"_ _0\"></span>roup do<span class=\"_ _0\"></span>es not ho<span class=\"_ _0\"></span>ld or issu<span class=\"_ _0\"></span>e deriv<span class=\"_ _0\"></span>ative finan<span class=\"_ _0\"></span>cial instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s for trading p<span class=\"_ _0\"></span>urpos<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup hed<span class=\"_ _0\"></span>ges a pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of its ne<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>st sa<span class=\"_ _0\"></span>les, purcha<span class=\"_ _0\"></span>ses and e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses w<span class=\"_ _0\"></span>hich are den<span class=\"_ _0\"></span>ominated in a fo<span class=\"_ _0\"></span>reign curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y (<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge)<span class=\"_ _0\"></span> using for<span class=\"_ _0\"></span>ward e<span class=\"_ _0\"></span>xchange cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Boar<span class=\"_ _0\"></span>d is respo<span class=\"_ _0\"></span>nsible for s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing the he<span class=\"_ _0\"></span>dging po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y which is d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed overle<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he poli<span class=\"_ _0\"></span>cy is re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d and<span class=\"_ _0\"></span> approv<span class=\"_ _0\"></span>ed annually by t<span class=\"_ _0\"></span>he Board<span class=\"_ _0\"></span>. Hedg<span class=\"_ _0\"></span>ing is only ap<span class=\"_ _0\"></span>plied for t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t signifi<span class=\"_ _0\"></span>cant curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expo<span class=\"_ _0\"></span>sures whi<span class=\"_ _0\"></span>ch is revi<span class=\"_ _0\"></span>ewed annuall<span class=\"_ _0\"></span>y alongs<span class=\"_ _0\"></span>ide the<span class=\"_ _0\"></span> poli<span class=\"_ _0\"></span>cy. During F<span class=\"_ _0\"></span>Y 2023 the cur<span class=\"_ _0\"></span>rencie<span class=\"_ _0\"></span>s hedg<span class=\"_ _0\"></span>ed were US D<span class=\"_ _0\"></span>ollars a<span class=\"_ _0\"></span>nd Euro (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: s<span class=\"_ _0\"></span>ame). At the incept<span class=\"_ _0\"></span>ion of the t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, the Group d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts the re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hip bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n hedging i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d hedg<span class=\"_ _0\"></span>ed items inc<span class=\"_ _0\"></span>luding wh<span class=\"_ _0\"></span>ether<span class=\"_ _0\"></span> or not a ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ion is be<span class=\"_ _0\"></span>ing hedg<span class=\"_ _0\"></span>ed. A conclu<span class=\"_ _0\"></span>sion is rea<span class=\"_ _0\"></span>ched as to wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on qualifi<span class=\"_ _0\"></span>es as a ca<span class=\"_ _0\"></span>sh flow he<span class=\"_ _0\"></span>dge. Det<span class=\"_ _0\"></span>ails on he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> doc<span class=\"_ _0\"></span>umentat<span class=\"_ _0\"></span>ion are sh<span class=\"_ _0\"></span>own be<span class=\"_ _0\"></span>low.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-562": {
   "value": "Derivative financial instru<span class=\"_ _0\"></span>ments and hedg<span class=\"_ _0\"></span>ing activitie<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Deri<span class=\"_ _0\"></span>vative fi<span class=\"_ _0\"></span>nancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s are prim<span class=\"_ _0\"></span>arily us<span class=\"_ _0\"></span>ed by the Grou<span class=\"_ _0\"></span>p to manage it<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>posure to chan<span class=\"_ _0\"></span>ges in forei<span class=\"_ _0\"></span>gn exchang<span class=\"_ _0\"></span>e rates relatin<span class=\"_ _0\"></span>g to overs<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span> sal<span class=\"_ _0\"></span>es and purcha<span class=\"_ _0\"></span>ses. I<span class=\"_ _0\"></span>n accordance w<span class=\"_ _0\"></span>ith it<span class=\"_ _0\"></span>s treasur<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the G<span class=\"_ _0\"></span>roup do<span class=\"_ _0\"></span>es not ho<span class=\"_ _0\"></span>ld or issu<span class=\"_ _0\"></span>e deriv<span class=\"_ _0\"></span>ative finan<span class=\"_ _0\"></span>cial instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s for trading p<span class=\"_ _0\"></span>urpos<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup hed<span class=\"_ _0\"></span>ges a pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of its ne<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>st sa<span class=\"_ _0\"></span>les, purcha<span class=\"_ _0\"></span>ses and e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses w<span class=\"_ _0\"></span>hich are den<span class=\"_ _0\"></span>ominated in a fo<span class=\"_ _0\"></span>reign curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y (<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge)<span class=\"_ _0\"></span> using for<span class=\"_ _0\"></span>ward e<span class=\"_ _0\"></span>xchange cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Boar<span class=\"_ _0\"></span>d is respo<span class=\"_ _0\"></span>nsible for s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing the he<span class=\"_ _0\"></span>dging po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y which is d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed overle<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he poli<span class=\"_ _0\"></span>cy is re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d and<span class=\"_ _0\"></span> approv<span class=\"_ _0\"></span>ed annually by t<span class=\"_ _0\"></span>he Board<span class=\"_ _0\"></span>. Hedg<span class=\"_ _0\"></span>ing is only ap<span class=\"_ _0\"></span>plied for t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t signifi<span class=\"_ _0\"></span>cant curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expo<span class=\"_ _0\"></span>sures whi<span class=\"_ _0\"></span>ch is revi<span class=\"_ _0\"></span>ewed annuall<span class=\"_ _0\"></span>y alongs<span class=\"_ _0\"></span>ide the<span class=\"_ _0\"></span> poli<span class=\"_ _0\"></span>cy. During F<span class=\"_ _0\"></span>Y 2023 the cur<span class=\"_ _0\"></span>rencie<span class=\"_ _0\"></span>s hedg<span class=\"_ _0\"></span>ed were US D<span class=\"_ _0\"></span>ollars a<span class=\"_ _0\"></span>nd Euro (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: s<span class=\"_ _0\"></span>ame). At the incept<span class=\"_ _0\"></span>ion of the t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, the Group d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts the re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hip bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n hedging i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d hedg<span class=\"_ _0\"></span>ed items inc<span class=\"_ _0\"></span>luding wh<span class=\"_ _0\"></span>ether<span class=\"_ _0\"></span> or not a ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ion is be<span class=\"_ _0\"></span>ing hedg<span class=\"_ _0\"></span>ed. A conclu<span class=\"_ _0\"></span>sion is rea<span class=\"_ _0\"></span>ched as to wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on qualifi<span class=\"_ _0\"></span>es as a ca<span class=\"_ _0\"></span>sh flow he<span class=\"_ _0\"></span>dge. Det<span class=\"_ _0\"></span>ails on he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> doc<span class=\"_ _0\"></span>umentat<span class=\"_ _0\"></span>ion are sh<span class=\"_ _0\"></span>own be<span class=\"_ _0\"></span>low.<span class=\"_ _2cb\"> </span>Ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ges<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s perm<span class=\"_ _0\"></span>itte<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 9 B.6.6.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, the Grou<span class=\"_ _0\"></span>p desig<span class=\"_ _0\"></span>nates overall ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions as he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tems whe<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are mana<span class=\"_ _0\"></span>ged as ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions for risk m<span class=\"_ _0\"></span>anagem<span class=\"_ _0\"></span>ent purpo<span class=\"_ _0\"></span>ses;<span class=\"_ _0\"></span>  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dges a<span class=\"_ _0\"></span>re for foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>s; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the init<span class=\"_ _0\"></span>ial hedg<span class=\"_ _0\"></span>e desi<span class=\"_ _0\"></span>gnation an<span class=\"_ _0\"></span>d docum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on set ou<span class=\"_ _0\"></span>t how the ite<span class=\"_ _0\"></span>ms within t<span class=\"_ _0\"></span>he net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n will af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span> The G<span class=\"_ _0\"></span>roup also d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts it<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ment, bot<span class=\"_ _0\"></span>h at hedg<span class=\"_ _0\"></span>e incepti<span class=\"_ _0\"></span>on and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, of wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e deri<span class=\"_ _0\"></span>vatives t<span class=\"_ _0\"></span>hat are used i<span class=\"_ _0\"></span>n hedging<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive in of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing change<span class=\"_ _0\"></span>s in cash fl<span class=\"_ _0\"></span>ows of he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d items.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>se foreig<span class=\"_ _0\"></span>n exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts are ini<span class=\"_ _0\"></span>tially re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d at fair value, wit<span class=\"_ _0\"></span>h most hav<span class=\"_ _0\"></span>ing maturit<span class=\"_ _0\"></span>ies of le<span class=\"_ _0\"></span>ss than o<span class=\"_ _0\"></span>ne year af<span class=\"_ _0\"></span>ter the ba<span class=\"_ _0\"></span>lance she<span class=\"_ _0\"></span>et date. Whe<span class=\"_ _0\"></span>re a deri<span class=\"_ _0\"></span>vative fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument is d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d as a hedg<span class=\"_ _0\"></span>e of the varia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y in cash f<span class=\"_ _0\"></span>lows of a re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ility, or a highly p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion, th<span class=\"_ _0\"></span>e effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of change<span class=\"_ _0\"></span>s in fair value is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y via th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>solidate<span class=\"_ _0\"></span>d sta<span class=\"_ _0\"></span>tement of comp<span class=\"_ _0\"></span>rehensi<span class=\"_ _0\"></span>ve income. T<span class=\"_ _0\"></span>he gain or l<span class=\"_ _0\"></span>oss rela<span class=\"_ _0\"></span>ting to the ine<span class=\"_ _0\"></span>ffec<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>tion is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed imme<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, throu<span class=\"_ _0\"></span>gh sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any cumulat<span class=\"_ _0\"></span>ive gain or l<span class=\"_ _0\"></span>oss e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g in equit<span class=\"_ _0\"></span>y is align<span class=\"_ _0\"></span>ed to the timi<span class=\"_ _0\"></span>ng of the hed<span class=\"_ _0\"></span>ged tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ting the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt and is clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as follow<span class=\"_ _0\"></span>s: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>hed<span class=\"_ _0\"></span>ging of a net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n \u2013 the cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss trans<span class=\"_ _0\"></span>ferred fro<span class=\"_ _0\"></span>m equit<span class=\"_ _0\"></span>y is se<span class=\"_ _0\"></span>parately p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d on the face of the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt with<span class=\"_ _0\"></span>in gains<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s) on foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y net hed<span class=\"_ _0\"></span>ging. Subs<span class=\"_ _0\"></span>equent re<span class=\"_ _0\"></span>valuations p<span class=\"_ _0\"></span>rior to s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement date a<span class=\"_ _0\"></span>re include<span class=\"_ _0\"></span>d in sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>other c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s \u2013 cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss ex<span class=\"_ _0\"></span>isting in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y at the tim<span class=\"_ _0\"></span>e when th<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion occu<span class=\"_ _0\"></span>rs is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the<span class=\"_ _0\"></span> income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent in the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding line tha<span class=\"_ _0\"></span>t the hed<span class=\"_ _0\"></span>ged item g<span class=\"_ _0\"></span>oes t<span class=\"_ _0\"></span>hrough be<span class=\"_ _0\"></span>ing revenue, cos<span class=\"_ _0\"></span>t of sal<span class=\"_ _0\"></span>es or sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Whe<span class=\"_ _0\"></span>n a foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion is no l<span class=\"_ _0\"></span>onger e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occur<span class=\"_ _1\"></span>, and th<span class=\"_ _0\"></span>erefore do<span class=\"_ _0\"></span>es not m<span class=\"_ _0\"></span>eet the c<span class=\"_ _0\"></span>riteria for c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge a<span class=\"_ _0\"></span>ccounting,<span class=\"_ _0\"></span> the cumul<span class=\"_ _0\"></span>ative gain o<span class=\"_ _0\"></span>r loss t<span class=\"_ _0\"></span>hat was repo<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y is imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y transferr<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement, t<span class=\"_ _0\"></span>hrough sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Hedge documentation a<span class=\"_ _1\"></span>nd effectiveness testing<span class=\"_ _2cb\"> </span>The d<span class=\"_ _0\"></span>ocum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on include<span class=\"_ _0\"></span>s identi<span class=\"_ _0\"></span>ficat<span class=\"_ _0\"></span>ion of the h<span class=\"_ _0\"></span>edging ite<span class=\"_ _0\"></span>m(s), the nature of the r<span class=\"_ _0\"></span>isk being h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>d and how th<span class=\"_ _0\"></span>e Group will a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss whe<span class=\"_ _0\"></span>ther the<span class=\"_ _0\"></span> hedgin<span class=\"_ _0\"></span>g relationship me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e hedge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tivene<span class=\"_ _0\"></span>ss requirem<span class=\"_ _0\"></span>ents.<span class=\"_ _0\"></span> Hed<span class=\"_ _0\"></span>ge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tiven<span class=\"_ _0\"></span>ess is a qua<span class=\"_ _0\"></span>litati<span class=\"_ _0\"></span>ve asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed in accordan<span class=\"_ _0\"></span>ce with I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. A hedging rel<span class=\"_ _0\"></span>ationship q<span class=\"_ _0\"></span>ualifie<span class=\"_ _0\"></span>s for hedg<span class=\"_ _0\"></span>e accounting i<span class=\"_ _0\"></span>f it meet<span class=\"_ _0\"></span>s all th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s requirem<span class=\"_ _0\"></span>ents: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>there is a<span class=\"_ _0\"></span>n econom<span class=\"_ _0\"></span>ic relati<span class=\"_ _0\"></span>onship bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tem and the h<span class=\"_ _0\"></span>edging ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nt;  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of the cre<span class=\"_ _0\"></span>dit risk d<span class=\"_ _0\"></span>oes not d<span class=\"_ _0\"></span>ominate th<span class=\"_ _0\"></span>e value chang<span class=\"_ _0\"></span>es that resul<span class=\"_ _0\"></span>t from the e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c relations<span class=\"_ _0\"></span>hip; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dge rati<span class=\"_ _0\"></span>o of the hed<span class=\"_ _0\"></span>ging relati<span class=\"_ _0\"></span>onship is th<span class=\"_ _0\"></span>e same a<span class=\"_ _0\"></span>s that used fo<span class=\"_ _0\"></span>r risk manag<span class=\"_ _0\"></span>ement pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> For f<span class=\"_ _0\"></span>inancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d in hedg<span class=\"_ _0\"></span>e accounting rela<span class=\"_ _0\"></span>tionship<span class=\"_ _0\"></span>s or that do n<span class=\"_ _0\"></span>ot meet th<span class=\"_ _0\"></span>e criteria fo<span class=\"_ _0\"></span>r hedg<span class=\"_ _0\"></span>e accounting, th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> on rem<span class=\"_ _0\"></span>easureme<span class=\"_ _0\"></span>nt to fair value is reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _0\"></span>mediate<span class=\"_ _0\"></span>ly in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement thro<span class=\"_ _0\"></span>ugh sal<span class=\"_ _0\"></span>es, marketin<span class=\"_ _0\"></span>g and adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "Derivative financial instru<span class=\"_ _0\"></span>ments and hedg<span class=\"_ _0\"></span>ing activitie<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Deri<span class=\"_ _0\"></span>vative fi<span class=\"_ _0\"></span>nancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s are prim<span class=\"_ _0\"></span>arily us<span class=\"_ _0\"></span>ed by the Grou<span class=\"_ _0\"></span>p to manage it<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>posure to chan<span class=\"_ _0\"></span>ges in forei<span class=\"_ _0\"></span>gn exchang<span class=\"_ _0\"></span>e rates relatin<span class=\"_ _0\"></span>g to overs<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span> sal<span class=\"_ _0\"></span>es and purcha<span class=\"_ _0\"></span>ses. I<span class=\"_ _0\"></span>n accordance w<span class=\"_ _0\"></span>ith it<span class=\"_ _0\"></span>s treasur<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the G<span class=\"_ _0\"></span>roup do<span class=\"_ _0\"></span>es not ho<span class=\"_ _0\"></span>ld or issu<span class=\"_ _0\"></span>e deriv<span class=\"_ _0\"></span>ative finan<span class=\"_ _0\"></span>cial instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s for trading p<span class=\"_ _0\"></span>urpos<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup hed<span class=\"_ _0\"></span>ges a pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of its ne<span class=\"_ _0\"></span>t foreca<span class=\"_ _0\"></span>st sa<span class=\"_ _0\"></span>les, purcha<span class=\"_ _0\"></span>ses and e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses w<span class=\"_ _0\"></span>hich are den<span class=\"_ _0\"></span>ominated in a fo<span class=\"_ _0\"></span>reign curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y (<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge)<span class=\"_ _0\"></span> using for<span class=\"_ _0\"></span>ward e<span class=\"_ _0\"></span>xchange cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Boar<span class=\"_ _0\"></span>d is respo<span class=\"_ _0\"></span>nsible for s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing the he<span class=\"_ _0\"></span>dging po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y which is d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed overle<span class=\"_ _0\"></span>af<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he poli<span class=\"_ _0\"></span>cy is re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d and<span class=\"_ _0\"></span> approv<span class=\"_ _0\"></span>ed annually by t<span class=\"_ _0\"></span>he Board<span class=\"_ _0\"></span>. Hedg<span class=\"_ _0\"></span>ing is only ap<span class=\"_ _0\"></span>plied for t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t signifi<span class=\"_ _0\"></span>cant curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expo<span class=\"_ _0\"></span>sures whi<span class=\"_ _0\"></span>ch is revi<span class=\"_ _0\"></span>ewed annuall<span class=\"_ _0\"></span>y alongs<span class=\"_ _0\"></span>ide the<span class=\"_ _0\"></span> poli<span class=\"_ _0\"></span>cy. During F<span class=\"_ _0\"></span>Y 2023 the cur<span class=\"_ _0\"></span>rencie<span class=\"_ _0\"></span>s hedg<span class=\"_ _0\"></span>ed were US D<span class=\"_ _0\"></span>ollars a<span class=\"_ _0\"></span>nd Euro (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: s<span class=\"_ _0\"></span>ame). At the incept<span class=\"_ _0\"></span>ion of the t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, the Group d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts the re<span class=\"_ _0\"></span>lations<span class=\"_ _0\"></span>hip bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n hedging i<span class=\"_ _0\"></span>nstrum<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d hedg<span class=\"_ _0\"></span>ed items inc<span class=\"_ _0\"></span>luding wh<span class=\"_ _0\"></span>ether<span class=\"_ _0\"></span> or not a ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ion is be<span class=\"_ _0\"></span>ing hedg<span class=\"_ _0\"></span>ed. A conclu<span class=\"_ _0\"></span>sion is rea<span class=\"_ _0\"></span>ched as to wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on qualifi<span class=\"_ _0\"></span>es as a ca<span class=\"_ _0\"></span>sh flow he<span class=\"_ _0\"></span>dge. Det<span class=\"_ _0\"></span>ails on he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> doc<span class=\"_ _0\"></span>umentat<span class=\"_ _0\"></span>ion are sh<span class=\"_ _0\"></span>own be<span class=\"_ _0\"></span>low.<span class=\"_ _2cb\"> </span>Ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ges<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s perm<span class=\"_ _0\"></span>itte<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 9 B.6.6.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, the Grou<span class=\"_ _0\"></span>p desig<span class=\"_ _0\"></span>nates overall ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions as he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tems whe<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are mana<span class=\"_ _0\"></span>ged as ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions for risk m<span class=\"_ _0\"></span>anagem<span class=\"_ _0\"></span>ent purpo<span class=\"_ _0\"></span>ses;<span class=\"_ _0\"></span>  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dges a<span class=\"_ _0\"></span>re for foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>s; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the init<span class=\"_ _0\"></span>ial hedg<span class=\"_ _0\"></span>e desi<span class=\"_ _0\"></span>gnation an<span class=\"_ _0\"></span>d docum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on set ou<span class=\"_ _0\"></span>t how the ite<span class=\"_ _0\"></span>ms within t<span class=\"_ _0\"></span>he net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n will af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span> The G<span class=\"_ _0\"></span>roup also d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts it<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ment, bot<span class=\"_ _0\"></span>h at hedg<span class=\"_ _0\"></span>e incepti<span class=\"_ _0\"></span>on and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, of wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e deri<span class=\"_ _0\"></span>vatives t<span class=\"_ _0\"></span>hat are used i<span class=\"_ _0\"></span>n hedging<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive in of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing change<span class=\"_ _0\"></span>s in cash fl<span class=\"_ _0\"></span>ows of he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d items.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>se foreig<span class=\"_ _0\"></span>n exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts are ini<span class=\"_ _0\"></span>tially re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d at fair value, wit<span class=\"_ _0\"></span>h most hav<span class=\"_ _0\"></span>ing maturit<span class=\"_ _0\"></span>ies of le<span class=\"_ _0\"></span>ss than o<span class=\"_ _0\"></span>ne year af<span class=\"_ _0\"></span>ter the ba<span class=\"_ _0\"></span>lance she<span class=\"_ _0\"></span>et date. Whe<span class=\"_ _0\"></span>re a deri<span class=\"_ _0\"></span>vative fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument is d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d as a hedg<span class=\"_ _0\"></span>e of the varia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y in cash f<span class=\"_ _0\"></span>lows of a re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ility, or a highly p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion, th<span class=\"_ _0\"></span>e effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of change<span class=\"_ _0\"></span>s in fair value is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y via th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>solidate<span class=\"_ _0\"></span>d sta<span class=\"_ _0\"></span>tement of comp<span class=\"_ _0\"></span>rehensi<span class=\"_ _0\"></span>ve income. T<span class=\"_ _0\"></span>he gain or l<span class=\"_ _0\"></span>oss rela<span class=\"_ _0\"></span>ting to the ine<span class=\"_ _0\"></span>ffec<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>tion is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed imme<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, throu<span class=\"_ _0\"></span>gh sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any cumulat<span class=\"_ _0\"></span>ive gain or l<span class=\"_ _0\"></span>oss e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g in equit<span class=\"_ _0\"></span>y is align<span class=\"_ _0\"></span>ed to the timi<span class=\"_ _0\"></span>ng of the hed<span class=\"_ _0\"></span>ged tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ting the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt and is clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as follow<span class=\"_ _0\"></span>s: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>hed<span class=\"_ _0\"></span>ging of a net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n \u2013 the cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss trans<span class=\"_ _0\"></span>ferred fro<span class=\"_ _0\"></span>m equit<span class=\"_ _0\"></span>y is se<span class=\"_ _0\"></span>parately p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d on the face of the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt with<span class=\"_ _0\"></span>in gains<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s) on foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y net hed<span class=\"_ _0\"></span>ging. Subs<span class=\"_ _0\"></span>equent re<span class=\"_ _0\"></span>valuations p<span class=\"_ _0\"></span>rior to s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement date a<span class=\"_ _0\"></span>re include<span class=\"_ _0\"></span>d in sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>other c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s \u2013 cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss ex<span class=\"_ _0\"></span>isting in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y at the tim<span class=\"_ _0\"></span>e when th<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion occu<span class=\"_ _0\"></span>rs is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the<span class=\"_ _0\"></span> income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent in the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding line tha<span class=\"_ _0\"></span>t the hed<span class=\"_ _0\"></span>ged item g<span class=\"_ _0\"></span>oes t<span class=\"_ _0\"></span>hrough be<span class=\"_ _0\"></span>ing revenue, cos<span class=\"_ _0\"></span>t of sal<span class=\"_ _0\"></span>es or sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Whe<span class=\"_ _0\"></span>n a foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion is no l<span class=\"_ _0\"></span>onger e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occur<span class=\"_ _1\"></span>, and th<span class=\"_ _0\"></span>erefore do<span class=\"_ _0\"></span>es not m<span class=\"_ _0\"></span>eet the c<span class=\"_ _0\"></span>riteria for c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge a<span class=\"_ _0\"></span>ccounting,<span class=\"_ _0\"></span> the cumul<span class=\"_ _0\"></span>ative gain o<span class=\"_ _0\"></span>r loss t<span class=\"_ _0\"></span>hat was repo<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y is imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y transferr<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement, t<span class=\"_ _0\"></span>hrough sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Hedge documentation a<span class=\"_ _1\"></span>nd effectiveness testing<span class=\"_ _2cb\"> </span>The d<span class=\"_ _0\"></span>ocum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on include<span class=\"_ _0\"></span>s identi<span class=\"_ _0\"></span>ficat<span class=\"_ _0\"></span>ion of the h<span class=\"_ _0\"></span>edging ite<span class=\"_ _0\"></span>m(s), the nature of the r<span class=\"_ _0\"></span>isk being h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>d and how th<span class=\"_ _0\"></span>e Group will a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss whe<span class=\"_ _0\"></span>ther the<span class=\"_ _0\"></span> hedgin<span class=\"_ _0\"></span>g relationship me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e hedge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tivene<span class=\"_ _0\"></span>ss requirem<span class=\"_ _0\"></span>ents.<span class=\"_ _0\"></span> Hed<span class=\"_ _0\"></span>ge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tiven<span class=\"_ _0\"></span>ess is a qua<span class=\"_ _0\"></span>litati<span class=\"_ _0\"></span>ve asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed in accordan<span class=\"_ _0\"></span>ce with I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. A hedging rel<span class=\"_ _0\"></span>ationship q<span class=\"_ _0\"></span>ualifie<span class=\"_ _0\"></span>s for hedg<span class=\"_ _0\"></span>e accounting i<span class=\"_ _0\"></span>f it meet<span class=\"_ _0\"></span>s all th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s requirem<span class=\"_ _0\"></span>ents: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>there is a<span class=\"_ _0\"></span>n econom<span class=\"_ _0\"></span>ic relati<span class=\"_ _0\"></span>onship bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tem and the h<span class=\"_ _0\"></span>edging ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nt;  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of the cre<span class=\"_ _0\"></span>dit risk d<span class=\"_ _0\"></span>oes not d<span class=\"_ _0\"></span>ominate th<span class=\"_ _0\"></span>e value chang<span class=\"_ _0\"></span>es that resul<span class=\"_ _0\"></span>t from the e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c relations<span class=\"_ _0\"></span>hip; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dge rati<span class=\"_ _0\"></span>o of the hed<span class=\"_ _0\"></span>ging relati<span class=\"_ _0\"></span>onship is th<span class=\"_ _0\"></span>e same a<span class=\"_ _0\"></span>s that used fo<span class=\"_ _0\"></span>r risk manag<span class=\"_ _0\"></span>ement pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> For f<span class=\"_ _0\"></span>inancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d in hedg<span class=\"_ _0\"></span>e accounting rela<span class=\"_ _0\"></span>tionship<span class=\"_ _0\"></span>s or that do n<span class=\"_ _0\"></span>ot meet th<span class=\"_ _0\"></span>e criteria fo<span class=\"_ _0\"></span>r hedg<span class=\"_ _0\"></span>e accounting, th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> on rem<span class=\"_ _0\"></span>easureme<span class=\"_ _0\"></span>nt to fair value is reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _0\"></span>mediate<span class=\"_ _0\"></span>ly in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement thro<span class=\"_ _0\"></span>ugh sal<span class=\"_ _0\"></span>es, marketin<span class=\"_ _0\"></span>g and adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents<span class=\"_ _2cb\"> </span>Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s compris<span class=\"_ _0\"></span>e cash ba<span class=\"_ _0\"></span>lances, c<span class=\"_ _0\"></span>all dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r shor<span class=\"_ _0\"></span>t-term de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>ally of thre<span class=\"_ _0\"></span>e months o<span class=\"_ _0\"></span>r les<span class=\"_ _0\"></span>s. The c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s disclo<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Group bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t and in the Gro<span class=\"_ _0\"></span>up cash fl<span class=\"_ _0\"></span>ow st<span class=\"_ _0\"></span>atement inclu<span class=\"_ _0\"></span>de \u00a33.4<span class=\"_ _0\"></span>m ring<span class=\"_ _0\"></span>-fenced in th<span class=\"_ _0\"></span>e Group\u2019s C<span class=\"_ _1\"></span>hine<span class=\"_ _0\"></span>se subsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s, which is co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted to capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pansio<span class=\"_ _0\"></span>n (F<span class=\"_ _0\"></span>Y 2022: \u00a32<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>8m) and therefo<span class=\"_ _0\"></span>re is not availabl<span class=\"_ _0\"></span>e for general<span class=\"_ _1\"></span> use by the other en<span class=\"_ _1\"></span>tities within the Group.<span class=\"_ _2cb\"> </span>Other financial assets<span class=\"_ _2cb\"> </span>Cash inves<span class=\"_ _0\"></span>ted in term or n<span class=\"_ _0\"></span>otice de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s greater tha<span class=\"_ _0\"></span>n three mo<span class=\"_ _0\"></span>nths in duratio<span class=\"_ _0\"></span>n doe<span class=\"_ _0\"></span>s not mee<span class=\"_ _0\"></span>t the criter<span class=\"_ _0\"></span>ia to be class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s cash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s. Accordi<span class=\"_ _0\"></span>ngly<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>ese d<span class=\"_ _0\"></span>eposi<span class=\"_ _0\"></span>ts have b<span class=\"_ _0\"></span>een pre<span class=\"_ _0\"></span>sented w<span class=\"_ _0\"></span>ithin other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and are c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _0\"></span>FRS 9.<span class=\"_ _2cb\"> </span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t consist<span class=\"_ _0\"></span>s of loa<span class=\"_ _0\"></span>ns receiva<span class=\"_ _0\"></span>ble. The l<span class=\"_ _0\"></span>oan rece<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e\u2019<span class=\"_ _1\"></span>s init<span class=\"_ _0\"></span>ial fair value is th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of the futu<span class=\"_ _0\"></span>re repay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s, discou<span class=\"_ _0\"></span>nted using a market rate of intere<span class=\"_ _0\"></span>st for an ar<span class=\"_ _0\"></span>ms lengt<span class=\"_ _0\"></span>h loan, w<span class=\"_ _0\"></span>hen the lo<span class=\"_ _0\"></span>an is granted inter<span class=\"_ _0\"></span>est fre<span class=\"_ _0\"></span>e. As th<span class=\"_ _0\"></span>e loans recei<span class=\"_ _0\"></span>vable are h<span class=\"_ _0\"></span>eld for coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion of contra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l cash fl<span class=\"_ _0\"></span>ows, w<span class=\"_ _0\"></span>here cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s repres<span class=\"_ _0\"></span>ent sol<span class=\"_ _0\"></span>ely paym<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>f principl<span class=\"_ _0\"></span>e and ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t, they are m<span class=\"_ _0\"></span>easured a<span class=\"_ _0\"></span>t amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost in a<span class=\"_ _0\"></span>ccordance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 9. Both the i<span class=\"_ _0\"></span>nitial dis<span class=\"_ _0\"></span>count bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the fair value an<span class=\"_ _0\"></span>d loan valu<span class=\"_ _0\"></span>e, and the subse<span class=\"_ _0\"></span>quent unw<span class=\"_ _0\"></span>ind of the dis<span class=\"_ _0\"></span>count is includ<span class=\"_ _0\"></span>ed withi<span class=\"_ _0\"></span>n finance (cost<span class=\"_ _0\"></span>s)/<span class=\"_ _0\"></span>incom<span class=\"_ _0\"></span>e in the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment. Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair va<span class=\"_ _0\"></span>lue<span class=\"_ _2cb\"> </span>Fair value is de<span class=\"_ _0\"></span>termine<span class=\"_ _0\"></span>d using the fair valu<span class=\"_ _0\"></span>e hierarchy whi<span class=\"_ _0\"></span>ch takes into account th<span class=\"_ _0\"></span>e availabilit<span class=\"_ _0\"></span>y of inp<span class=\"_ _0\"></span>ut data into th<span class=\"_ _0\"></span>e fair value cal<span class=\"_ _0\"></span>culation, with l<span class=\"_ _0\"></span>evels go<span class=\"_ _0\"></span>ing from Le<span class=\"_ _0\"></span>vel 1 (quoted market pri<span class=\"_ _0\"></span>ces availabl<span class=\"_ _0\"></span>e) through to Leve<span class=\"_ _0\"></span>l 3 (<span class=\"_ _1\"></span>uno<span class=\"_ _0\"></span>bser<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble input<span class=\"_ _0\"></span>s) with m<span class=\"_ _0\"></span>ore assum<span class=\"_ _0\"></span>ptions inh<span class=\"_ _0\"></span>erent in the fair valu<span class=\"_ _0\"></span>e calcula<span class=\"_ _0\"></span>tion of Le<span class=\"_ _0\"></span>vel 3 ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re obse<span class=\"_ _0\"></span>rva<span class=\"_ _0\"></span>ble inpu<span class=\"_ _0\"></span>ts are no<span class=\"_ _0\"></span>t available t<span class=\"_ _0\"></span>hen anoth<span class=\"_ _0\"></span>er valuatio<span class=\"_ _0\"></span>n techniqu<span class=\"_ _0\"></span>e is used, su<span class=\"_ _0\"></span>ch as<span class=\"_ gs1\"> </span>an incom<span class=\"_ _0\"></span>e appro<span class=\"_ _0\"></span>ach or market ap<span class=\"_ _0\"></span>proach.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-568": {
   "value": "Ca<span class=\"_ _0\"></span>sh flo<span class=\"_ _0\"></span>w hed<span class=\"_ _0\"></span>ges<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s perm<span class=\"_ _0\"></span>itte<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 9 B.6.6.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, the Grou<span class=\"_ _0\"></span>p desig<span class=\"_ _0\"></span>nates overall ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions as he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tems whe<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are mana<span class=\"_ _0\"></span>ged as ne<span class=\"_ _0\"></span>t posit<span class=\"_ _0\"></span>ions for risk m<span class=\"_ _0\"></span>anagem<span class=\"_ _0\"></span>ent purpo<span class=\"_ _0\"></span>ses;<span class=\"_ _0\"></span>  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dges a<span class=\"_ _0\"></span>re for foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>s; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the init<span class=\"_ _0\"></span>ial hedg<span class=\"_ _0\"></span>e desi<span class=\"_ _0\"></span>gnation an<span class=\"_ _0\"></span>d docum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on set ou<span class=\"_ _0\"></span>t how the ite<span class=\"_ _0\"></span>ms within t<span class=\"_ _0\"></span>he net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n will af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment.<span class=\"_ _0\"></span> The G<span class=\"_ _0\"></span>roup also d<span class=\"_ _0\"></span>ocume<span class=\"_ _0\"></span>nts it<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ment, bot<span class=\"_ _0\"></span>h at hedg<span class=\"_ _0\"></span>e incepti<span class=\"_ _0\"></span>on and on an o<span class=\"_ _0\"></span>ngoing b<span class=\"_ _0\"></span>asis, of wh<span class=\"_ _0\"></span>ether th<span class=\"_ _0\"></span>e deri<span class=\"_ _0\"></span>vatives t<span class=\"_ _0\"></span>hat are used i<span class=\"_ _0\"></span>n hedging<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive in of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>ing change<span class=\"_ _0\"></span>s in cash fl<span class=\"_ _0\"></span>ows of he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d items.<span class=\"_ _0\"></span> The<span class=\"_ _0\"></span>se foreig<span class=\"_ _0\"></span>n exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts are ini<span class=\"_ _0\"></span>tially re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d at fair value, wit<span class=\"_ _0\"></span>h most hav<span class=\"_ _0\"></span>ing maturit<span class=\"_ _0\"></span>ies of le<span class=\"_ _0\"></span>ss than o<span class=\"_ _0\"></span>ne year af<span class=\"_ _0\"></span>ter the ba<span class=\"_ _0\"></span>lance she<span class=\"_ _0\"></span>et date. Whe<span class=\"_ _0\"></span>re a deri<span class=\"_ _0\"></span>vative fina<span class=\"_ _0\"></span>ncial inst<span class=\"_ _0\"></span>rument is d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d as a hedg<span class=\"_ _0\"></span>e of the varia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y in cash f<span class=\"_ _0\"></span>lows of a re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ility, or a highly p<span class=\"_ _0\"></span>robabl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion, th<span class=\"_ _0\"></span>e effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of change<span class=\"_ _0\"></span>s in fair value is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y via th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>solidate<span class=\"_ _0\"></span>d sta<span class=\"_ _0\"></span>tement of comp<span class=\"_ _0\"></span>rehensi<span class=\"_ _0\"></span>ve income. T<span class=\"_ _0\"></span>he gain or l<span class=\"_ _0\"></span>oss rela<span class=\"_ _0\"></span>ting to the ine<span class=\"_ _0\"></span>ffec<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>tion is r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed imme<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, throu<span class=\"_ _0\"></span>gh sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>cognit<span class=\"_ _0\"></span>ion of any cumulat<span class=\"_ _0\"></span>ive gain or l<span class=\"_ _0\"></span>oss e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g in equit<span class=\"_ _0\"></span>y is align<span class=\"_ _0\"></span>ed to the timi<span class=\"_ _0\"></span>ng of the hed<span class=\"_ _0\"></span>ged tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tion im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ting the in<span class=\"_ _0\"></span>come st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt and is clas<span class=\"_ _0\"></span>sifie<span class=\"_ _0\"></span>d as follow<span class=\"_ _0\"></span>s: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>hed<span class=\"_ _0\"></span>ging of a net po<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n \u2013 the cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss trans<span class=\"_ _0\"></span>ferred fro<span class=\"_ _0\"></span>m equit<span class=\"_ _0\"></span>y is se<span class=\"_ _0\"></span>parately p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d on the face of the i<span class=\"_ _0\"></span>ncome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt with<span class=\"_ _0\"></span>in gains<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s) on foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y net hed<span class=\"_ _0\"></span>ging. Subs<span class=\"_ _0\"></span>equent re<span class=\"_ _0\"></span>valuations p<span class=\"_ _0\"></span>rior to s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement date a<span class=\"_ _0\"></span>re include<span class=\"_ _0\"></span>d in sale<span class=\"_ _0\"></span>s, marketing an<span class=\"_ _0\"></span>d administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>other c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>s \u2013 cumulati<span class=\"_ _0\"></span>ve gain or lo<span class=\"_ _0\"></span>ss ex<span class=\"_ _0\"></span>isting in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y at the tim<span class=\"_ _0\"></span>e when th<span class=\"_ _0\"></span>e foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion occu<span class=\"_ _0\"></span>rs is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the<span class=\"_ _0\"></span> income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent in the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding line tha<span class=\"_ _0\"></span>t the hed<span class=\"_ _0\"></span>ged item g<span class=\"_ _0\"></span>oes t<span class=\"_ _0\"></span>hrough be<span class=\"_ _0\"></span>ing revenue, cos<span class=\"_ _0\"></span>t of sal<span class=\"_ _0\"></span>es or sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Whe<span class=\"_ _0\"></span>n a foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion is no l<span class=\"_ _0\"></span>onger e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occur<span class=\"_ _1\"></span>, and th<span class=\"_ _0\"></span>erefore do<span class=\"_ _0\"></span>es not m<span class=\"_ _0\"></span>eet the c<span class=\"_ _0\"></span>riteria for c<span class=\"_ _0\"></span>ash flow h<span class=\"_ _0\"></span>edge a<span class=\"_ _0\"></span>ccounting,<span class=\"_ _0\"></span> the cumul<span class=\"_ _0\"></span>ative gain o<span class=\"_ _0\"></span>r loss t<span class=\"_ _0\"></span>hat was repo<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d in equit<span class=\"_ _0\"></span>y is imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y transferr<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement, t<span class=\"_ _0\"></span>hrough sa<span class=\"_ _0\"></span>les, mar<span class=\"_ _0\"></span>keting and<span class=\"_ _0\"></span> administrative<span class=\"_ _1\"></span> ex<span class=\"_ _0\"></span>penses.<span class=\"_ _2cb\"> </span>Hedge documentation a<span class=\"_ _1\"></span>nd effectiveness testing<span class=\"_ _2cb\"> </span>The d<span class=\"_ _0\"></span>ocum<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on include<span class=\"_ _0\"></span>s identi<span class=\"_ _0\"></span>ficat<span class=\"_ _0\"></span>ion of the h<span class=\"_ _0\"></span>edging ite<span class=\"_ _0\"></span>m(s), the nature of the r<span class=\"_ _0\"></span>isk being h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>d and how th<span class=\"_ _0\"></span>e Group will a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss whe<span class=\"_ _0\"></span>ther the<span class=\"_ _0\"></span> hedgin<span class=\"_ _0\"></span>g relationship me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e hedge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tivene<span class=\"_ _0\"></span>ss requirem<span class=\"_ _0\"></span>ents.<span class=\"_ _0\"></span> Hed<span class=\"_ _0\"></span>ge ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tiven<span class=\"_ _0\"></span>ess is a qua<span class=\"_ _0\"></span>litati<span class=\"_ _0\"></span>ve asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt of effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed in accordan<span class=\"_ _0\"></span>ce with I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9. A hedging rel<span class=\"_ _0\"></span>ationship q<span class=\"_ _0\"></span>ualifie<span class=\"_ _0\"></span>s for hedg<span class=\"_ _0\"></span>e accounting i<span class=\"_ _0\"></span>f it meet<span class=\"_ _0\"></span>s all th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>venes<span class=\"_ _0\"></span>s requirem<span class=\"_ _0\"></span>ents: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>there is a<span class=\"_ _0\"></span>n econom<span class=\"_ _0\"></span>ic relati<span class=\"_ _0\"></span>onship bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dged i<span class=\"_ _0\"></span>tem and the h<span class=\"_ _0\"></span>edging ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nt;  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of the cre<span class=\"_ _0\"></span>dit risk d<span class=\"_ _0\"></span>oes not d<span class=\"_ _0\"></span>ominate th<span class=\"_ _0\"></span>e value chang<span class=\"_ _0\"></span>es that resul<span class=\"_ _0\"></span>t from the e<span class=\"_ _0\"></span>conomi<span class=\"_ _0\"></span>c relations<span class=\"_ _0\"></span>hip; and  <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>the he<span class=\"_ _0\"></span>dge rati<span class=\"_ _0\"></span>o of the hed<span class=\"_ _0\"></span>ging relati<span class=\"_ _0\"></span>onship is th<span class=\"_ _0\"></span>e same a<span class=\"_ _0\"></span>s that used fo<span class=\"_ _0\"></span>r risk manag<span class=\"_ _0\"></span>ement pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> For f<span class=\"_ _0\"></span>inancial ins<span class=\"_ _0\"></span>trument<span class=\"_ _0\"></span>s not d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d in hedg<span class=\"_ _0\"></span>e accounting rela<span class=\"_ _0\"></span>tionship<span class=\"_ _0\"></span>s or that do n<span class=\"_ _0\"></span>ot meet th<span class=\"_ _0\"></span>e criteria fo<span class=\"_ _0\"></span>r hedg<span class=\"_ _0\"></span>e accounting, th<span class=\"_ _0\"></span>e gain or lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> on rem<span class=\"_ _0\"></span>easureme<span class=\"_ _0\"></span>nt to fair value is reco<span class=\"_ _0\"></span>gnised im<span class=\"_ _0\"></span>mediate<span class=\"_ _0\"></span>ly in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement thro<span class=\"_ _0\"></span>ugh sal<span class=\"_ _0\"></span>es, marketin<span class=\"_ _0\"></span>g and adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "<div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls8 ws6 gs49a\">Group<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls1a ws1d gs49b\">Curren<span class=\"_ _0\"></span>cy ris<span class=\"_ _0\"></span>k<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs49c\">Currently, the Group ex<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in excess of 9<span class=\"_ _0\"></span>8% of sale<span class=\"_ _0\"></span>s from the U<span class=\"_ _0\"></span>K and also im<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s raw materials fro<span class=\"_ _0\"></span>m overs<span class=\"_ _0\"></span>eas.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs49d\">Currenc<span class=\"_ _0\"></span>y risk is manag<span class=\"_ _0\"></span>ed by the Currenc<span class=\"_ _0\"></span>y Commit<span class=\"_ _0\"></span>tee, whic<span class=\"_ _0\"></span>h is chaired by th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>hi<span class=\"_ _0\"></span>ef Financial O<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ficer and co<span class=\"_ _0\"></span>mprise<span class=\"_ _0\"></span>s the Chief E<span class=\"_ _0\"></span>xecuti<span class=\"_ _0\"></span>ve </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs49e\">Of<span class=\"_ _0\"></span>ficer a<span class=\"_ _0\"></span>nd seni<span class=\"_ _0\"></span>or finance exe<span class=\"_ _0\"></span>cutiv<span class=\"_ _0\"></span>es. It m<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>s monthl<span class=\"_ _0\"></span>y to review a<span class=\"_ _0\"></span>nd manage t<span class=\"_ _0\"></span>he Group\u2019s currenc<span class=\"_ _0\"></span>y he<span class=\"_ _0\"></span>dging ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities<span class=\"_ _0\"></span>, in line wit<span class=\"_ _0\"></span>h the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs49f\">hed<span class=\"_ _0\"></span>ging poli<span class=\"_ _0\"></span>cy ap<span class=\"_ _0\"></span>proved by th<span class=\"_ _0\"></span>e Board.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4a0\">The G<span class=\"_ _0\"></span>roup\u2019s hedging p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y is to defer th<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t on prof<span class=\"_ _0\"></span>its of cu<span class=\"_ _0\"></span>rrenc<span class=\"_ _0\"></span>y movem<span class=\"_ _0\"></span>ents by h<span class=\"_ _0\"></span>edging:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs4a1\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4a2\">a minimum of 8<span class=\"_ _0\"></span>0% and a max<span class=\"_ _0\"></span>imum of 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% of proje<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on exp<span class=\"_ _0\"></span>osures ar<span class=\"_ _0\"></span>ising from tra<span class=\"_ _0\"></span>ding in the for<span class=\"_ _0\"></span>thco<span class=\"_ _0\"></span>ming six-<span class=\"_ _0\"></span>month </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7e ws76 gs4a3\">pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od;<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>d</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs4a4\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4a5\">a minimum of 75% and a maximum of 100% of pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ted trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion e<span class=\"_ _0\"></span>xposu<span class=\"_ _0\"></span>res arising in t<span class=\"_ _0\"></span>he follow<span class=\"_ _0\"></span>ing six-<span class=\"_ _0\"></span>month pe<span class=\"_ _0\"></span>riod.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4a6\">Profi<span class=\"_ _0\"></span>tabilit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>an var<span class=\"_ _0\"></span>y due to the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of fluc<span class=\"_ _0\"></span>tuating excha<span class=\"_ _0\"></span>nge rates o<span class=\"_ _0\"></span>n the unhed<span class=\"_ _0\"></span>ged p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tion of th<span class=\"_ _0\"></span>e transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>osures and f<span class=\"_ _0\"></span>rom </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4a7\">revis<span class=\"_ _0\"></span>ed forec<span class=\"_ _0\"></span>ast<span class=\"_ _0\"></span>s of future tra<span class=\"_ _0\"></span>ding, whi<span class=\"_ _0\"></span>ch can lea<span class=\"_ _0\"></span>d to an adjus<span class=\"_ _0\"></span>tment of cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y cover in place. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4a8\">In ad<span class=\"_ _0\"></span>dition, t<span class=\"_ _0\"></span>he Group inclu<span class=\"_ _0\"></span>des a numb<span class=\"_ _0\"></span>er of foreig<span class=\"_ _0\"></span>n subsidiar<span class=\"_ _0\"></span>ies. A<span class=\"_ _0\"></span>s a resu<span class=\"_ _0\"></span>lt of thes<span class=\"_ _0\"></span>e facto<span class=\"_ _0\"></span>rs, th<span class=\"_ _0\"></span>e Group\u2019s financial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts are e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ed </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4a9\">to curren<span class=\"_ _0\"></span>cy flu<span class=\"_ _0\"></span>ctuat<span class=\"_ _0\"></span>ions. T<span class=\"_ _0\"></span>he curre<span class=\"_ _0\"></span>ncies gi<span class=\"_ _0\"></span>ving ris<span class=\"_ _0\"></span>e to this translat<span class=\"_ _0\"></span>ion risk a<span class=\"_ _0\"></span>re primaril<span class=\"_ _0\"></span>y US Dollar an<span class=\"_ _0\"></span>d Euro. </div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls18 ws15 gs4aa\">Sensitivit<span class=\"_ _0\"></span>y analysis<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ab\">The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of a 5<span class=\"_ _1\"></span>% s<span class=\"_ _0\"></span>trength<span class=\"_ _0\"></span>ening in the ave<span class=\"_ _0\"></span>rage Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>US Do<span class=\"_ _0\"></span>llar and Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Euro rates red<span class=\"_ _0\"></span>uces profit fo<span class=\"_ _0\"></span>r 2023 by \u00a32.<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>m an<span class=\"_ _0\"></span>d \u00a34.2m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ac\">(F<span class=\"_ _0\"></span>Y<span class=\"_ gs1\"> </span>2022: \u00a3<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>8m and \u00a36.0<span class=\"_ _0\"></span>m) respec<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ely<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he impa<span class=\"_ _0\"></span>ct of a 5% streng<span class=\"_ _0\"></span>thening in th<span class=\"_ _0\"></span>e average Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>US D<span class=\"_ _0\"></span>ollar and Sterling<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Euro rates </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ad\">reduce<span class=\"_ _0\"></span>s equit<span class=\"_ _0\"></span>y for 2023 by \u00a30.<span class=\"_ _1\"></span>7m and \u00a30.8m (F<span class=\"_ _0\"></span>Y 2022: \u00a32.2m and \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1m<span class=\"_ _1\"></span>) res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4ae\">In accord<span class=\"_ _0\"></span>ance with I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9, the fair value of gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d on cas<span class=\"_ _0\"></span>h flow he<span class=\"_ _0\"></span>dges is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed in the Conso<span class=\"_ _0\"></span>lidated inco<span class=\"_ _0\"></span>me </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs4af\">st<span class=\"_ _0\"></span>atement as p<span class=\"_ _0\"></span>art o<span class=\"_ _0\"></span>f gross prof<span class=\"_ _0\"></span>it.<span class=\"_ _2cb\"> </span></div>The n<span class=\"_ _0\"></span>otional co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t amount, c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount and fair valu<span class=\"_ _0\"></span>e of the Group\u2019s for<span class=\"_ _0\"></span>ward exchan<span class=\"_ _0\"></span>ge contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and swa<span class=\"_ _0\"></span>ps are as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _2cb\"> </span>As a<span class=\"_ _0\"></span>t 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _108\"> </span><span class=\"ff28\">A<span class=\"_ _0\"></span>s at 30 S<span class=\"_ _0\"></span>eptem<span class=\"_ _0\"></span>ber 202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>Notional<span class=\"_ _126\"> </span><span class=\"ls8b ws81\">Carr<span class=\"_ _0\"></span>ying<span class=\"_ _40\"> </span><span class=\"ff28 ls66 ws62\">N<span class=\"_ _0\"></span>otional<span class=\"_ _3c\"> </span><span class=\"ls9a ws8f\">Carrying<span class=\"_ _2cb\"> </span></span></span></span>contract <span class=\"_ _14\"> </span><span class=\"ls6 ws0\">amou<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d <span class=\"_ _f3\"> </span><span class=\"ff28 lsb4 wsab\">contra<span class=\"_ _0\"></span>ct <span class=\"_ _56\"> </span></span><span class=\"ff28\">am<span class=\"_ _0\"></span>ount an<span class=\"_ _0\"></span>d </span></span>amount <span class=\"_ _120\"> </span><span class=\"ls6 ws0\">fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue <span class=\"_ _e9\"> </span><span class=\"ff28\">a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>t <span class=\"_ _7e\"> </span>fair va<span class=\"_ _0\"></span>lue </span></span>\u00a3m<span class=\"_ _124\"> </span><span class=\"ls6 ws0\"> \u00a3<span class=\"_ _0\"></span>m <span class=\"_ _95\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _10d\"> </span></span><span class=\"ff28\"> \u00a3m </span></span>C<span class=\"_ _1\"></span>urrent assets<span class=\"_ _22c\"> </span><span class=\"ff27 ls9 ws7\">105<span class=\"_ _0\"></span>.5<span class=\"_ _106\"> </span><span class=\"ls12d ws125\">2<span class=\"_ _0\"></span>.0<span class=\"_ _e2\"> </span></span></span><span class=\"ls6 ws0\">\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _2cb\"> </span></span>Current liabilitie<span class=\"_ _0\"></span>s <span class=\"_ _22d\"> </span><span class=\"ff27 ls6d wsc6\">86<span class=\"_ _0\"></span>.7<span class=\"_ _25\"> </span><span class=\"ls132 ws18d\">(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _3d\"> </span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7.<span class=\"_ _5\"></span>5<span class=\"_ _46\"> </span><span class=\"ls7e ws76\">(19.9)</span></span> <span class=\"_ _22e\"> </span><span class=\"ff27 ls1e ws1c\">192<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _106\"> </span><span class=\"ls17 ws14\">0.<span class=\"_ _0\"></span>2<span class=\"_ _42\"> </span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _42\"> </span><span class=\"ls7e ws76\">(1<span class=\"_ _1\"></span>9.9)<span class=\"_ _2cb\"> </span></span></span>The fair va<span class=\"_ _0\"></span>lues have b<span class=\"_ _0\"></span>een cal<span class=\"_ _0\"></span>culated by ap<span class=\"_ _0\"></span>plyin<span class=\"_ _0\"></span>g (where rel<span class=\"_ _0\"></span>evant), for equiv<span class=\"_ _0\"></span>alent maturi<span class=\"_ _0\"></span>ty pro<span class=\"_ _0\"></span>files, t<span class=\"_ _0\"></span>he rate at whic<span class=\"_ _0\"></span>h for<span class=\"_ _0\"></span>ward curren<span class=\"_ _0\"></span>cy contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s with th<span class=\"_ _0\"></span>e same p<span class=\"_ _0\"></span>rincipal am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s could be acq<span class=\"_ _0\"></span>uired at the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et date. The<span class=\"_ _0\"></span>se are ca<span class=\"_ _0\"></span>tegor<span class=\"_ _0\"></span>ised as L<span class=\"_ _0\"></span>evel 2 wit<span class=\"_ _0\"></span>hin the fair value hi<span class=\"_ _0\"></span>erarchy under I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 7<span class=\"_ _2\"></span>.<span class=\"_ _2cb\"> </span>The fo<span class=\"_ _0\"></span>llowing t<span class=\"_ _0\"></span>able in<span class=\"_ _0\"></span>dicate<span class=\"_ _0\"></span>s the per<span class=\"_ _0\"></span>iods in w<span class=\"_ _0\"></span>hich cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s asso<span class=\"_ _0\"></span>ciated w<span class=\"_ _0\"></span>ith the matur<span class=\"_ _0\"></span>ity d<span class=\"_ _0\"></span>ate of the for<span class=\"_ _0\"></span>ward fore<span class=\"_ _0\"></span>ign exchang<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>ts for whic<span class=\"_ _0\"></span>h hedg<span class=\"_ _0\"></span>e accounting is ap<span class=\"_ _0\"></span>plied are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occur:<span class=\"_ _2cb\"> </span>As a<span class=\"_ _0\"></span>t 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _19b\"> </span><span class=\"ff28\">A<span class=\"_ _0\"></span>s at 3<span class=\"_ _0\"></span>0 Sept<span class=\"_ _0\"></span>embe<span class=\"_ _0\"></span>r 2022<span class=\"_ _2cb\"> </span></span>Expected<span class=\"_ _1\"></span> <span class=\"_ _39\"> </span><span class=\"ff28 ls8c ws82\">E<span class=\"_ _0\"></span>xpected<span class=\"_ _1\"></span> </span>ca<span class=\"_ _0\"></span>sh <span class=\"_ _6c\"> </span>6 mon<span class=\"_ _0\"></span>ths <span class=\"_ _27\"> </span>6 to 12<span class=\"_ _7b\"> </span>12 to 18 <span class=\"_ _109\"> </span><span class=\"ff28\">c<span class=\"_ _0\"></span>ash <span class=\"_ _6d\"> </span>6 m<span class=\"_ _0\"></span>onths <span class=\"_ _ec\"> </span>6 to 12<span class=\"_ _69\"> </span>12 to 18 </span>flow<span class=\"_ _0\"></span>s <span class=\"_ _ea\"> </span>or l<span class=\"_ _0\"></span>ess<span class=\"_ _79\"> </span><span class=\"ls89 ws7f\"> months<span class=\"_ _1\"></span> <span class=\"_ _70\"> </span>months<span class=\"_ _d3\"> </span><span class=\"ff28 ls6 ws0\">flow<span class=\"_ _0\"></span>s <span class=\"_ _3f\"> </span>or le<span class=\"_ _0\"></span>ss<span class=\"_ _ef\"> </span> m<span class=\"_ _0\"></span>onths <span class=\"_ _ef\"> </span><span class=\"ls129 ws121\">m<span class=\"_ _0\"></span>onths<span class=\"_ _2cb\"> </span></span></span></span>\u00a3m<span class=\"_ _d3\"> </span> \u00a3m<span class=\"_ _109\"> </span><span class=\"ls6 ws0\"> \u00a3m <span class=\"_ _109\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _109\"> </span> \u00a3m<span class=\"_ _186\"> </span><span class=\"ls6 ws0\"> \u00a3m <span class=\"_ _109\"> </span></span>\u00a3m<span class=\"_ _2cb\"> </span></span>For<span class=\"_ _0\"></span>ward exchange contract<span class=\"_ _0\"></span>s:<span class=\"_ _22f\"> </span><span class=\"ff27 ls6 ws0\"> <span class=\"_ _e2\"> </span> <span class=\"_ _49\"> </span> <span class=\"_ _e2\"> </span> <span class=\"_ _163\"> </span><span class=\"ff28\"> <span class=\"_ _49\"> </span> <span class=\"_ _e2\"> </span> <span class=\"_ _49\"> </span> </span></span>\u2013 A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts <span class=\"_ _41\"> </span><span class=\"ff27 ls9 ws7\">105<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _f3\"> </span><span class=\"lscd wse4\">4<span class=\"_ _5\"></span>8<span class=\"_ _0\"></span>.1<span class=\"_ _40\"> </span><span class=\"ls6d wsc6\">49.7<span class=\"_ _102\"> </span></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _ee\"> </span></span></span>\u2014<span class=\"_ _b7\"> </span>\u2014<span class=\"_ _db\"> </span>\u2014<span class=\"_ _b7\"> </span>\u2014<span class=\"_ _2cb\"> </span>\u2013 Liab<span class=\"_ _0\"></span>ilities <span class=\"_ _230\"> </span><span class=\"ff27 ls6d wsc6\">86<span class=\"_ _0\"></span>.7<span class=\"_ _f1\"> </span><span class=\"lsc wsa\">30.9<span class=\"_ _f1\"> </span><span class=\"ls86 wsba\">3<span class=\"_ _0\"></span>9.2<span class=\"_ _f3\"> </span><span class=\"lsf wsd\">16<span class=\"_ _0\"></span>.6<span class=\"_ _f3\"> </span></span></span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _40\"> </span></span>85.<span class=\"_ _0\"></span>8<span class=\"_ _3d\"> </span><span class=\"ls60 ws5b\">9<span class=\"_ _5\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _115\"> </span><span class=\"lsfb wsf5\">2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6</span></span> <span class=\"_ _231\"> </span><span class=\"ff27 ls1e ws1c\">192<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _3d\"> </span><span class=\"ls86 wsba\">79.0<span class=\"_ _f1\"> </span><span class=\"lsc wsa\">88.9<span class=\"_ _3b\"> </span><span class=\"lsfa wsf4\">24.3<span class=\"_ _f1\"> </span></span></span></span></span><span class=\"ls102 wsfa\">1<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _40\"> </span></span>85.8<span class=\"_ _40\"> </span><span class=\"ls60 ws5b\">9<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _115\"> </span><span class=\"lsfb wsf5\">2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span></span>The av<span class=\"_ _0\"></span>erage excha<span class=\"_ _0\"></span>nge rates on o<span class=\"_ _0\"></span>pen for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d currenc<span class=\"_ _0\"></span>y contra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s are:<span class=\"_ _2cb\"> </span>US Dollar<span class=\"_ _232\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>23<span class=\"_ _f3\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _f1\"> </span>1.<span class=\"_ _6\"></span>22<span class=\"_ _90\"> </span></span><span class=\"ls6 ws0\"> <span class=\"_ _42\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>4<span class=\"_ _40\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _e9\"> </span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span></span>Euro<span class=\"_ _1df\"> </span><span class=\"ff27 lscd wse4\">1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>3<span class=\"_ _115\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>3<span class=\"_ _115\"> </span>1<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>3<span class=\"_ _90\"> </span></span><span class=\"ls6 ws0\"> <span class=\"_ _11a\"> </span><span class=\"ls60 ws5b\">1.1<span class=\"_ _0\"></span>7<span class=\"_ _46\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>6<span class=\"_ _46\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span></span>Gains and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es defer<span class=\"_ _0\"></span>red in the he<span class=\"_ _0\"></span>dging res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve in equit<span class=\"_ _0\"></span>y on fo<span class=\"_ _0\"></span>rw<span class=\"_ _0\"></span>ard foreign e<span class=\"_ _0\"></span>xchange contra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 will be re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement dur<span class=\"_ _0\"></span>ing the pe<span class=\"_ _0\"></span>riod in w<span class=\"_ _0\"></span>hich the h<span class=\"_ _0\"></span>edge<span class=\"_ _0\"></span>d foreca<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, whi<span class=\"_ _0\"></span>ch is t<span class=\"_ _0\"></span>ypic<span class=\"_ _0\"></span>ally one to t<span class=\"_ _0\"></span>wo months pr<span class=\"_ _0\"></span>ior to the c<span class=\"_ _0\"></span>ash flow o<span class=\"_ _0\"></span>ccurring. At 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023, there are a num<span class=\"_ _0\"></span>ber of hed<span class=\"_ _0\"></span>ged fore<span class=\"_ _0\"></span>ign curren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns which are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to o<span class=\"_ _0\"></span>ccur at various d<span class=\"_ _0\"></span>ates during t<span class=\"_ _0\"></span>he nex<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs. During t<span class=\"_ _0\"></span>he year<span class=\"_ _1\"></span>, lo<span class=\"_ _0\"></span>sses of \u00a30.6<span class=\"_ _0\"></span>m (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s of \u00a33.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m) relatin<span class=\"_ _0\"></span>g to unset<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d for<span class=\"_ _0\"></span>ward exchang<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s on the bala<span class=\"_ _0\"></span>nce shee<span class=\"_ _0\"></span>t at 30 Sep<span class=\"_ _0\"></span>tember 2023 were r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement.<span class=\"_ _2cb\"> </span>Gains and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es recog<span class=\"_ _0\"></span>nised in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent on contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s which are y<span class=\"_ _0\"></span>et to set<span class=\"_ _0\"></span>tle are ad<span class=\"_ _0\"></span>justed a<span class=\"_ _0\"></span>s a non-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ash movem<span class=\"_ _0\"></span>ent on the cash<span class=\"_ gs1\"> </span>f<span class=\"_ _0\"></span>low st<span class=\"_ _0\"></span>atement. T<span class=\"_ _0\"></span>his equa<span class=\"_ _0\"></span>ted to a gain of \u00a32.5m in the yea<span class=\"_ _0\"></span>r (F<span class=\"_ _0\"></span>Y 2022: loss of \u00a34.0m).<span class=\"_ _2cb\"> </span>The<span class=\"_ _0\"></span>re was no he<span class=\"_ _0\"></span>dge inef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ness d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar (F<span class=\"_ _0\"></span>Y 2022: nil). The hed<span class=\"_ _0\"></span>ge ratio is 1<span class=\"_ _1\"></span>:<span class=\"_ _1\"></span>1 in all ins<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "Cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup manag<span class=\"_ _0\"></span>es exp<span class=\"_ _0\"></span>osure to cre<span class=\"_ _0\"></span>dit risk at many l<span class=\"_ _0\"></span>evels ranging fr<span class=\"_ _0\"></span>om Exe<span class=\"_ _0\"></span>cutive D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tor appro<span class=\"_ _0\"></span>val being re<span class=\"_ _0\"></span>quired for th<span class=\"_ _0\"></span>e credit lim<span class=\"_ _0\"></span>its of large<span class=\"_ _0\"></span>r custome<span class=\"_ _0\"></span>rs, to th<span class=\"_ _0\"></span>e use of let<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s of credit an<span class=\"_ _0\"></span>d cash in ad<span class=\"_ _0\"></span>vance wh<span class=\"_ _0\"></span>ere appro<span class=\"_ _0\"></span>priate. Inter<span class=\"_ _0\"></span>nal proce<span class=\"_ _0\"></span>dures requ<span class=\"_ _0\"></span>ire regular cons<span class=\"_ _0\"></span>iderati<span class=\"_ _0\"></span>on of credi<span class=\"_ _0\"></span>t ratings, b<span class=\"_ _0\"></span>oth internally fo<span class=\"_ _0\"></span>r lower valu<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>ers and r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed cred<span class=\"_ _0\"></span>it reference ag<span class=\"_ _0\"></span>encie<span class=\"_ _0\"></span>s for higher va<span class=\"_ _0\"></span>lue custo<span class=\"_ _0\"></span>mers<span class=\"_ _0\"></span>, payme<span class=\"_ _0\"></span>nt histor<span class=\"_ _0\"></span>y, aged ite<span class=\"_ _0\"></span>ms and proa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve debt co<span class=\"_ _0\"></span>llec<span class=\"_ _0\"></span>tion. A<span class=\"_ _0\"></span>ll custo<span class=\"_ _0\"></span>mers a<span class=\"_ _0\"></span>re assign<span class=\"_ _0\"></span>ed a credi<span class=\"_ _0\"></span>t limit whic<span class=\"_ _0\"></span>h is subjec<span class=\"_ _0\"></span>t to annual re<span class=\"_ _0\"></span>view. C<span class=\"_ _1\"></span>ons<span class=\"_ _0\"></span>iderati<span class=\"_ _0\"></span>on is given to s<span class=\"_ _0\"></span>ignific<span class=\"_ _0\"></span>ant adver<span class=\"_ _0\"></span>se chan<span class=\"_ _0\"></span>ges in bus<span class=\"_ _0\"></span>iness<span class=\"_ _0\"></span>, financial an<span class=\"_ _0\"></span>d econom<span class=\"_ _0\"></span>ic conditi<span class=\"_ _0\"></span>ons that may c<span class=\"_ _0\"></span>ause a signi<span class=\"_ _0\"></span>ficant cha<span class=\"_ _0\"></span>nge in the a<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y of custo<span class=\"_ _0\"></span>mers to m<span class=\"_ _0\"></span>eet th<span class=\"_ _0\"></span>eir obliga<span class=\"_ _0\"></span>tions. A<span class=\"_ _0\"></span>ny adve<span class=\"_ _0\"></span>rse da<span class=\"_ _0\"></span>ta relatin<span class=\"_ _0\"></span>g to these fac<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s is consid<span class=\"_ _0\"></span>ered in de<span class=\"_ _0\"></span>termining w<span class=\"_ _0\"></span>hether t<span class=\"_ _0\"></span>here has b<span class=\"_ _0\"></span>een a signif<span class=\"_ _0\"></span>icant incre<span class=\"_ _0\"></span>ase in cre<span class=\"_ _0\"></span>dit risk of a fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>set on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis through<span class=\"_ _0\"></span>out each re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d. Regardl<span class=\"_ _0\"></span>ess of t<span class=\"_ _0\"></span>he analy<span class=\"_ _0\"></span>sis, an increas<span class=\"_ _0\"></span>e in credi<span class=\"_ _0\"></span>t risk is presu<span class=\"_ _0\"></span>med if a d<span class=\"_ _0\"></span>ebtor is mor<span class=\"_ _0\"></span>e than 30 day<span class=\"_ _0\"></span>s past du<span class=\"_ _0\"></span>e in making a contra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l payme<span class=\"_ _0\"></span>nt.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has app<span class=\"_ _0\"></span>lied th<span class=\"_ _0\"></span>e simplifi<span class=\"_ _0\"></span>ed appro<span class=\"_ _0\"></span>ach to mea<span class=\"_ _0\"></span>suring ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, which req<span class=\"_ _0\"></span>uires lifetim<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted los<span class=\"_ _0\"></span>ses to b<span class=\"_ _0\"></span>e recog<span class=\"_ _0\"></span>nised fro<span class=\"_ _0\"></span>m initial re<span class=\"_ _0\"></span>cogniti<span class=\"_ _0\"></span>on for trad<span class=\"_ _0\"></span>e receiva<span class=\"_ _0\"></span>bles. L<span class=\"_ _0\"></span>ifetim<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted credit l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es for trad<span class=\"_ _0\"></span>e receiva<span class=\"_ _0\"></span>bles ar<span class=\"_ _0\"></span>e calculate<span class=\"_ _0\"></span>d base<span class=\"_ _0\"></span>d on histor<span class=\"_ _0\"></span>ical l<span class=\"_ _0\"></span>oss rates a<span class=\"_ _0\"></span>nd adjus<span class=\"_ _0\"></span>ted whe<span class=\"_ _0\"></span>re neces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y for rel<span class=\"_ _0\"></span>evant for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-lo<span class=\"_ _0\"></span>oking e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>rade r<span class=\"_ _0\"></span>eceiva<span class=\"_ _0\"></span>bles have b<span class=\"_ _0\"></span>een grou<span class=\"_ _0\"></span>ped for thi<span class=\"_ _0\"></span>s analy<span class=\"_ _0\"></span>sis bas<span class=\"_ _0\"></span>ed on share<span class=\"_ _0\"></span>d credit ri<span class=\"_ _0\"></span>sk charac<span class=\"_ _0\"></span>terist<span class=\"_ _0\"></span>ics<span class=\"_ _0\"></span>, including th<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent and countr<span class=\"_ _0\"></span>y/<span class=\"_ _0\"></span>region in w<span class=\"_ _0\"></span>hich the cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r operate<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e mode<span class=\"_ _0\"></span>l, which co<span class=\"_ _0\"></span>nsider<span class=\"_ _0\"></span>s macro<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>econ<span class=\"_ _0\"></span>omic inform<span class=\"_ _0\"></span>ation, has b<span class=\"_ _0\"></span>een ap<span class=\"_ _0\"></span>plied to th<span class=\"_ _0\"></span>e Group\u2019s two s<span class=\"_ _0\"></span>egment<span class=\"_ _0\"></span>s dif<span class=\"_ _0\"></span>ferentl<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Fo<span class=\"_ _0\"></span>r trade re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es in the Sust<span class=\"_ _0\"></span>ainable S<span class=\"_ _0\"></span>oluti<span class=\"_ _0\"></span>ons se<span class=\"_ _0\"></span>ctor, a different l<span class=\"_ _0\"></span>oss rate has b<span class=\"_ _0\"></span>een ap<span class=\"_ _0\"></span>plied to th<span class=\"_ _0\"></span>e USA and Ja<span class=\"_ _0\"></span>pan compa<span class=\"_ _0\"></span>red to the rema<span class=\"_ _0\"></span>inder of th<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent\u2019s geo<span class=\"_ _0\"></span>graphic<span class=\"_ _0\"></span>al market<span class=\"_ _0\"></span>s. In th<span class=\"_ _0\"></span>e Medi<span class=\"_ _0\"></span>cal se<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>, a sin<span class=\"_ _0\"></span>gle highe<span class=\"_ _0\"></span>r rate of allowan<span class=\"_ _0\"></span>ce has bee<span class=\"_ _0\"></span>n used to ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t the high<span class=\"_ _0\"></span>er risk of d<span class=\"_ _0\"></span>efault of the customer base.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s payment ter<span class=\"_ _0\"></span>ms ty<span class=\"_ _0\"></span>pica<span class=\"_ _0\"></span>lly range fro<span class=\"_ _0\"></span>m 30 to 60 day<span class=\"_ _0\"></span>s dep<span class=\"_ _0\"></span>ending o<span class=\"_ _0\"></span>n geog<span class=\"_ _0\"></span>raphy<span class=\"_ _1\"></span>. T<span class=\"_ _1\"></span>rad<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>vables a<span class=\"_ _0\"></span>re spec<span class=\"_ _0\"></span>ificall<span class=\"_ _0\"></span>y impaire<span class=\"_ _0\"></span>d and consid<span class=\"_ _0\"></span>ered in de<span class=\"_ _0\"></span>fault when th<span class=\"_ _0\"></span>e amount is in di<span class=\"_ _0\"></span>spute, when c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs are b<span class=\"_ _0\"></span>elieved to b<span class=\"_ _0\"></span>e in financia<span class=\"_ _0\"></span>l diff<span class=\"_ _0\"></span>icult<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, or if a<span class=\"_ _0\"></span>ny other reas<span class=\"_ _0\"></span>on exis<span class=\"_ _0\"></span>ts which i<span class=\"_ _0\"></span>mplies t<span class=\"_ _0\"></span>hat there is d<span class=\"_ _0\"></span>oubt over th<span class=\"_ _0\"></span>e recoverab<span class=\"_ _0\"></span>ility of t<span class=\"_ _0\"></span>he debt<span class=\"_ _0\"></span>. They are w<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ten of<span class=\"_ _0\"></span>f when th<span class=\"_ _0\"></span>ere is no reas<span class=\"_ _0\"></span>onabl<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n of recover<span class=\"_ _0\"></span>y, based o<span class=\"_ _0\"></span>n an est<span class=\"_ _0\"></span>imate of the finan<span class=\"_ _0\"></span>cial pos<span class=\"_ _0\"></span>ition of th<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>Im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of cli<span class=\"_ _0\"></span>mate c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _2cb\"> </span>Climate change w<span class=\"_ _0\"></span>ill impac<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s in dif<span class=\"_ _0\"></span>ferent way<span class=\"_ _0\"></span>s and over dif<span class=\"_ _0\"></span>ferent tim<span class=\"_ _0\"></span>e horizons<span class=\"_ _0\"></span>. Whils<span class=\"_ _0\"></span>t the overall im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e on the Gro<span class=\"_ _0\"></span>up\u2019s revenue is anticip<span class=\"_ _0\"></span>ated to be p<span class=\"_ _0\"></span>ositiv<span class=\"_ _0\"></span>e, there will b<span class=\"_ _0\"></span>e markets<span class=\"_ _0\"></span>/s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tors w<span class=\"_ _0\"></span>hich are ad<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>ely impac<span class=\"_ _0\"></span>ted. T<span class=\"_ _0\"></span>his is not ant<span class=\"_ _0\"></span>icipated to have a<span class=\"_ _0\"></span>n adver<span class=\"_ _0\"></span>se imp<span class=\"_ _0\"></span>act in t<span class=\"_ _0\"></span>he shor<span class=\"_ _0\"></span>t-term as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sment of re<span class=\"_ _0\"></span>coverabilit<span class=\"_ _0\"></span>y, i.e<span class=\"_ _1\"></span>. over t<span class=\"_ _0\"></span>he life of the re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es on the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023. The ag<span class=\"_ _0\"></span>eing of trad<span class=\"_ _0\"></span>e receiva<span class=\"_ _0\"></span>bles is sh<span class=\"_ _0\"></span>own be<span class=\"_ _0\"></span>low wit<span class=\"_ _0\"></span>h 84% not yet due of w<span class=\"_ _0\"></span>hich the vas<span class=\"_ _0\"></span>t major<span class=\"_ _0\"></span>ity w<span class=\"_ _0\"></span>ill be cle<span class=\"_ _0\"></span>ared wi<span class=\"_ _0\"></span>thin 60 day<span class=\"_ _0\"></span>s of the year e<span class=\"_ _0\"></span>nd. The G<span class=\"_ _0\"></span>roup moni<span class=\"_ _0\"></span>tors the a<span class=\"_ _0\"></span>geing an<span class=\"_ _0\"></span>d profile of the re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es on a reg<span class=\"_ _0\"></span>ular basis, i<span class=\"_ _0\"></span>ncluding th<span class=\"_ _0\"></span>e regular us<span class=\"_ _0\"></span>e of ex<span class=\"_ _0\"></span>ternal cre<span class=\"_ _0\"></span>dit rating ag<span class=\"_ _0\"></span>encie<span class=\"_ _0\"></span>s, and upda<span class=\"_ _0\"></span>tes the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted c<span class=\"_ _0\"></span>redit los<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el assump<span class=\"_ _0\"></span>tions if ev<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>ce of changing tren<span class=\"_ _0\"></span>ds or risk pr<span class=\"_ _0\"></span>ofiles em<span class=\"_ _0\"></span>erges<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les, b<span class=\"_ _0\"></span>eing \u2018held to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t\u2019 a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s, ca<span class=\"_ _0\"></span>n be analy<span class=\"_ _0\"></span>sed a<span class=\"_ _0\"></span>s follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _161\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>Amo<span class=\"_ _0\"></span>unts n<span class=\"_ _0\"></span>ot past du<span class=\"_ _0\"></span>e<span class=\"_ _233\"> </span><span class=\"ff27 ls17 ws14\">30.5<span class=\"_ _8a\"> </span></span><span class=\"lse wsc\">36<span class=\"_ _0\"></span>.0<span class=\"_ _2cb\"> </span></span>Amo<span class=\"_ _0\"></span>unts p<span class=\"_ _0\"></span>ast due:<span class=\"_ _234\"> </span> \u2013 Les<span class=\"_ _0\"></span>s than 30 day<span class=\"_ _0\"></span>s <span class=\"_ _235\"> </span><span class=\"ff27 lsc wsa\">4.6<span class=\"_ _b7\"> </span></span><span class=\"ls29 ws26\">2.3<span class=\"_ _2cb\"> </span></span>\u2013 30 to 60 d<span class=\"_ _0\"></span>ays <span class=\"_ _236\"> </span><span class=\"ff27 lsc wsa\">0.6<span class=\"_ _b7\"> </span></span><span class=\"ls7e ws76\">0.9<span class=\"_ _2cb\"> </span></span>\u2013 More t<span class=\"_ _0\"></span>han 60 day<span class=\"_ _0\"></span>s<span class=\"_ _237\"> </span><span class=\"ff27 ls17 ws14\">0.3<span class=\"_ _b7\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span>T<span class=\"_ _1\"></span>otal p<span class=\"_ _0\"></span>ast du<span class=\"_ _0\"></span>e <span class=\"_ _238\"> </span><span class=\"ff27 ls12d ws125\">5.5<span class=\"_ _106\"> </span></span><span class=\"ls15 ws13\">4.4<span class=\"_ _2cb\"> </span></span>Lifet<span class=\"_ _0\"></span>ime ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses<span class=\"_ _239\"> </span><span class=\"ff27 ls1c ws1a\">(0.5<span class=\"_ _0\"></span>)<span class=\"_ _11a\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.1)<span class=\"_ _2cb\"> </span></span>Amo<span class=\"_ _0\"></span>unts sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>ficall<span class=\"_ _0\"></span>y impaired <span class=\"_ _23a\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _124\"> </span></span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span>Spe<span class=\"_ _0\"></span>cific al<span class=\"_ _0\"></span>lowances fo<span class=\"_ _0\"></span>r bad and d<span class=\"_ _0\"></span>oubtf<span class=\"_ _0\"></span>ul debt<span class=\"_ _0\"></span>s <span class=\"_ _23b\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _11a\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>Carr<span class=\"_ _0\"></span>ying am<span class=\"_ _0\"></span>ount of impair<span class=\"_ _0\"></span>ed recei<span class=\"_ _0\"></span>vable<span class=\"_ _0\"></span>s <span class=\"_ _1ea\"> </span><span class=\"ff27\">\u2014<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>rad<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les n<span class=\"_ _0\"></span>et of al<span class=\"_ _0\"></span>lowan<span class=\"_ _0\"></span>ces <span class=\"_ _23c\"> </span><span class=\"fc3 ls18 ws15\">35.5<span class=\"_ _8b\"> </span><span class=\"ff28 ls7e ws76\">39.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></span>Move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in the allow<span class=\"_ _0\"></span>ance for impair<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s were:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>At beginnin<span class=\"_ _0\"></span>g of year<span class=\"_ _23d\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>2<span class=\"_ _b7\"> </span></span>0.8<span class=\"_ _2cb\"> </span>Charge in the yea<span class=\"_ _0\"></span>r<span class=\"_ _221\"> </span><span class=\"ff27 ls7f ws70\">1.3<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span>Rele<span class=\"_ _0\"></span>ase of allo<span class=\"_ _0\"></span>wance<span class=\"_ _14e\"> </span><span class=\"ff27 ls132 ws18d\">(1.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _ad\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>At end o<span class=\"_ _0\"></span>f year <span class=\"_ _23e\"> </span><span class=\"fc3 lsc wsa\">0.6<span class=\"_ _b7\"> </span><span class=\"ff28 lsfb wsf5\">1.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></span>The ra<span class=\"_ _0\"></span>nge of ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>s (\u2018ECL<span class=\"_ _2\"></span>\u2019) allow<span class=\"_ _0\"></span>ance is as follo<span class=\"_ _0\"></span>ws:<span class=\"_ _2cb\"> </span>Le<span class=\"_ _0\"></span>ss tha<span class=\"_ _0\"></span>n<span class=\"_ _5e\"> </span>30 to 6<span class=\"_ _0\"></span>0<span class=\"_ _5e\"> </span>6<span class=\"_ _0\"></span>0 to 90<span class=\"_ _b7\"> </span>Mo<span class=\"_ _0\"></span>re than<span class=\"_ _2cb\"> </span>30 da<span class=\"_ _0\"></span>ys <span class=\"_ _1e9\"> </span><span class=\"ls66 ws62\">d<span class=\"_ _0\"></span>ays<span class=\"_ _107\"> </span>day<span class=\"_ _0\"></span>s<span class=\"_ _d2\"> </span></span>90 da<span class=\"_ _0\"></span>ys<span class=\"_ _2cb\"> </span>Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt<span class=\"_ _5e\"> </span><span class=\"ls6 ws0\">p<span class=\"_ _0\"></span>ast d<span class=\"_ _0\"></span>ue<span class=\"_ _5e\"> </span>pas<span class=\"_ _0\"></span>t due<span class=\"_ _5e\"> </span>pa<span class=\"_ _0\"></span>st du<span class=\"_ _0\"></span>e<span class=\"_ _5e\"> </span>pas<span class=\"_ _0\"></span>t due<span class=\"_ _10e\"> </span><span class=\"ff27 ls1a1 ws1a2\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></span></span>\u00a3m<span class=\"_ _1a0\"> </span>\u00a3m<span class=\"_ _1a0\"> </span>\u00a3m<span class=\"_ _23f\"> </span>\u00a3m<span class=\"_ _1a0\"> </span>\u00a3m<span class=\"_ _1a0\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _2cb\"> </span></span>2023<span class=\"_ _d4\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _240\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span><span class=\"ff27\"> </span></span>% allowa<span class=\"_ _0\"></span>nce<span class=\"_ _242\"> </span><span class=\"ls19 ws16\">0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.3%<span class=\"_ _eb\"> </span><span class=\"lsea wse5\">0<span class=\"_ _0\"></span>.5%<span class=\"_ _6\"></span>\u20131.5%<span class=\"_ _7e\"> </span><span class=\"ls6a ws66\">20%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>50%<span class=\"_ _70\"> </span>5<span class=\"_ _0\"></span>0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0%<span class=\"_ _243\"> </span><span class=\"ls6c ws68\">75%<span class=\"_ _6\"></span>\u201310<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _244\"> </span></span></span></span></span><span class=\"ff27\"> </span>T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les<span class=\"_ _245\"> </span><span class=\"ls9 ws7\">30.5<span class=\"_ _29\"> </span></span>4.6<span class=\"_ _bf\"> </span>0.6<span class=\"_ _59\"> </span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _59\"> </span></span>0.3<span class=\"_ _a3\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span>Allo<span class=\"_ _0\"></span>wance (inclu<span class=\"_ _0\"></span>sive of spe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c impairm<span class=\"_ _0\"></span>ents)<span class=\"_ _18\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _f9\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1b0\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _1b0\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)<span class=\"_ _163\"> </span><span class=\"ff27 ls1c ws1a\">(0.6)</span></span></span> <span class=\"_ _246\"> </span><span class=\"ff27 ls18 ws15\">35.5<span class=\"_ _2cb\"> </span></span>2022<span class=\"_ _d4\"> </span><span class=\"ff28 fc3 ls6 ws0\"> <span class=\"_ _240\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span><span class=\"ff27\"> </span></span>% allowa<span class=\"_ _0\"></span>nce<span class=\"_ _242\"> </span><span class=\"ls19 ws16\">0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>.3%<span class=\"_ _eb\"> </span><span class=\"lsea wse5\">0<span class=\"_ _0\"></span>.5%<span class=\"_ _6\"></span>\u20131.5%<span class=\"_ _7e\"> </span><span class=\"ls6a ws66\">20%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>50%<span class=\"_ _70\"> </span>5<span class=\"_ _0\"></span>0%<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0%<span class=\"_ _243\"> </span><span class=\"ls6c ws68\">75%<span class=\"_ _6\"></span>\u201310<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _244\"> </span></span></span></span></span> T<span class=\"_ _1\"></span>rade re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>les<span class=\"_ _245\"> </span><span class=\"lse wsc\">36.0<span class=\"_ _29\"> </span><span class=\"ls29 ws26\">2.3<span class=\"_ _107\"> </span><span class=\"ls7e ws76\">0.9<span class=\"_ _107\"> </span></span></span></span>0.6<span class=\"_ _107\"> </span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _11\"> </span><span class=\"ls9 ws7\">4<span class=\"_ _0\"></span>0.5<span class=\"_ _2cb\"> </span></span></span>Allo<span class=\"_ _0\"></span>wance (inclu<span class=\"_ _0\"></span>sive of spe<span class=\"_ _0\"></span>cifi<span class=\"_ _0\"></span>c impairm<span class=\"_ _0\"></span>ents)<span class=\"_ _18\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _f9\"> </span>(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"ls72 ws15b\">(<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>2)<span class=\"_ _247\"> </span><span class=\"ls22 ws6b\">(0.<span class=\"_ _0\"></span>3)<span class=\"_ _247\"> </span><span class=\"ls6 ws0\">(0.5)<span class=\"_ _a3\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)</span></span></span></span></span> <span class=\"_ _248\"> </span> <span class=\"_ _240\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _241\"> </span> <span class=\"_ _10e\"> </span><span class=\"ls7e ws76\">39.3<span class=\"_ _2cb\"> </span></span>The c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k in respe<span class=\"_ _0\"></span>ct of c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s, other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and der<span class=\"_ _0\"></span>ivativ<span class=\"_ _0\"></span>e financial ins<span class=\"_ _0\"></span>trume<span class=\"_ _0\"></span>nts is limi<span class=\"_ _0\"></span>ted be<span class=\"_ _0\"></span>cause th<span class=\"_ _0\"></span>e counterp<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>ies wi<span class=\"_ _0\"></span>th signifi<span class=\"_ _0\"></span>cant bala<span class=\"_ _0\"></span>nces are es<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>lished inter<span class=\"_ _0\"></span>national b<span class=\"_ _0\"></span>anks w<span class=\"_ _0\"></span>hose c<span class=\"_ _0\"></span>redit ratin<span class=\"_ _0\"></span>gs are monito<span class=\"_ _0\"></span>red on an on<span class=\"_ _0\"></span>going ba<span class=\"_ _0\"></span>sis. Th<span class=\"_ _0\"></span>ese balance<span class=\"_ _0\"></span>s are there<span class=\"_ _0\"></span>fore conside<span class=\"_ _0\"></span>red to have low cre<span class=\"_ _0\"></span>dit risk o<span class=\"_ _0\"></span>n initial reco<span class=\"_ _0\"></span>gnitio<span class=\"_ _0\"></span>n. Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents<span class=\"_ _2cb\"> </span>Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s compris<span class=\"_ _0\"></span>e cash ba<span class=\"_ _0\"></span>lances, c<span class=\"_ _0\"></span>all dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r shor<span class=\"_ _0\"></span>t-term de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>ally of thre<span class=\"_ _0\"></span>e months o<span class=\"_ _0\"></span>r les<span class=\"_ _0\"></span>s. The c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s disclo<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Group bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t and in the Gro<span class=\"_ _0\"></span>up cash fl<span class=\"_ _0\"></span>ow st<span class=\"_ _0\"></span>atement inclu<span class=\"_ _0\"></span>de \u00a33.4<span class=\"_ _0\"></span>m ring<span class=\"_ _0\"></span>-fenced in th<span class=\"_ _0\"></span>e Group\u2019s C<span class=\"_ _1\"></span>hine<span class=\"_ _0\"></span>se subsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s, which is co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted to capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pansio<span class=\"_ _0\"></span>n (F<span class=\"_ _0\"></span>Y 2022: \u00a32<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>8m) and therefo<span class=\"_ _0\"></span>re is not availabl<span class=\"_ _0\"></span>e for general<span class=\"_ _1\"></span> use by the other en<span class=\"_ _1\"></span>tities within the Group.<span class=\"_ _2cb\"> </span>Other financial assets<span class=\"_ _2cb\"> </span>Cash inves<span class=\"_ _0\"></span>ted in term or n<span class=\"_ _0\"></span>otice de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s greater tha<span class=\"_ _0\"></span>n three mo<span class=\"_ _0\"></span>nths in duratio<span class=\"_ _0\"></span>n doe<span class=\"_ _0\"></span>s not mee<span class=\"_ _0\"></span>t the criter<span class=\"_ _0\"></span>ia to be class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s cash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s. Accordi<span class=\"_ _0\"></span>ngly<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>ese d<span class=\"_ _0\"></span>eposi<span class=\"_ _0\"></span>ts have b<span class=\"_ _0\"></span>een pre<span class=\"_ _0\"></span>sented w<span class=\"_ _0\"></span>ithin other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and are c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _0\"></span>FRS 9.<span class=\"_ _2cb\"> </span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t consist<span class=\"_ _0\"></span>s of loa<span class=\"_ _0\"></span>ns receiva<span class=\"_ _0\"></span>ble. The l<span class=\"_ _0\"></span>oan rece<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e\u2019<span class=\"_ _1\"></span>s init<span class=\"_ _0\"></span>ial fair value is th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of the futu<span class=\"_ _0\"></span>re repay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s, discou<span class=\"_ _0\"></span>nted using a market rate of intere<span class=\"_ _0\"></span>st for an ar<span class=\"_ _0\"></span>ms lengt<span class=\"_ _0\"></span>h loan, w<span class=\"_ _0\"></span>hen the lo<span class=\"_ _0\"></span>an is granted inter<span class=\"_ _0\"></span>est fre<span class=\"_ _0\"></span>e. As th<span class=\"_ _0\"></span>e loans recei<span class=\"_ _0\"></span>vable are h<span class=\"_ _0\"></span>eld for coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion of contra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l cash fl<span class=\"_ _0\"></span>ows, w<span class=\"_ _0\"></span>here cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s repres<span class=\"_ _0\"></span>ent sol<span class=\"_ _0\"></span>ely paym<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>f principl<span class=\"_ _0\"></span>e and ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t, they are m<span class=\"_ _0\"></span>easured a<span class=\"_ _0\"></span>t amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost in a<span class=\"_ _0\"></span>ccordance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 9. Both the i<span class=\"_ _0\"></span>nitial dis<span class=\"_ _0\"></span>count bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the fair value an<span class=\"_ _0\"></span>d loan valu<span class=\"_ _0\"></span>e, and the subse<span class=\"_ _0\"></span>quent unw<span class=\"_ _0\"></span>ind of the dis<span class=\"_ _0\"></span>count is includ<span class=\"_ _0\"></span>ed withi<span class=\"_ _0\"></span>n finance (cost<span class=\"_ _0\"></span>s)/<span class=\"_ _0\"></span>incom<span class=\"_ _0\"></span>e in the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment. A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>e maximu<span class=\"_ _0\"></span>m exp<span class=\"_ _0\"></span>osure wit<span class=\"_ _0\"></span>h a single bank fo<span class=\"_ _0\"></span>r depo<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _0\"></span>lents a<span class=\"_ _0\"></span>nd other fin<span class=\"_ _0\"></span>ancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s) was \u00a3<span class=\"_ _1\"></span>19<span class=\"_ _1\"></span>.8<span class=\"_ _0\"></span>m (30 Se<span class=\"_ _0\"></span>ptember 2022: \u00a326.3m) for the Gro<span class=\"_ _0\"></span>up. As at 3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber 2023, the larg<span class=\"_ _0\"></span>est ma<span class=\"_ _0\"></span>rk to market exp<span class=\"_ _0\"></span>osure for gains o<span class=\"_ _0\"></span>n for<span class=\"_ _0\"></span>ward foreign e<span class=\"_ _0\"></span>xchange cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s to a singl<span class=\"_ _0\"></span>e bank was \u00a30.9m (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022: \u00a3<span class=\"_ _1\"></span>nil). T<span class=\"_ _0\"></span>he amount<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>eposi<span class=\"_ _0\"></span>t at the year en<span class=\"_ _0\"></span>d repres<span class=\"_ _0\"></span>ent the Group\u2019s maxim<span class=\"_ _0\"></span>um exp<span class=\"_ _0\"></span>osure to credi<span class=\"_ _0\"></span>t risk on ca<span class=\"_ _0\"></span>sh and de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-563": {
   "value": "Ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents<span class=\"_ _2cb\"> </span>Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s compris<span class=\"_ _0\"></span>e cash ba<span class=\"_ _0\"></span>lances, c<span class=\"_ _0\"></span>all dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r shor<span class=\"_ _0\"></span>t-term de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>ally of thre<span class=\"_ _0\"></span>e months o<span class=\"_ _0\"></span>r les<span class=\"_ _0\"></span>s. The c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s disclo<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Group bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t and in the Gro<span class=\"_ _0\"></span>up cash fl<span class=\"_ _0\"></span>ow st<span class=\"_ _0\"></span>atement inclu<span class=\"_ _0\"></span>de \u00a33.4<span class=\"_ _0\"></span>m ring<span class=\"_ _0\"></span>-fenced in th<span class=\"_ _0\"></span>e Group\u2019s C<span class=\"_ _1\"></span>hine<span class=\"_ _0\"></span>se subsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s, which is co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted to capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pansio<span class=\"_ _0\"></span>n (F<span class=\"_ _0\"></span>Y 2022: \u00a32<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>8m) and therefo<span class=\"_ _0\"></span>re is not availabl<span class=\"_ _0\"></span>e for general<span class=\"_ _1\"></span> use by the other en<span class=\"_ _1\"></span>tities within the Group.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-564": {
   "value": "Other financial assets<span class=\"_ _2cb\"> </span>Cash inves<span class=\"_ _0\"></span>ted in term or n<span class=\"_ _0\"></span>otice de<span class=\"_ _0\"></span>posit<span class=\"_ _0\"></span>s wit<span class=\"_ _0\"></span>h original m<span class=\"_ _0\"></span>aturitie<span class=\"_ _0\"></span>s greater tha<span class=\"_ _0\"></span>n three mo<span class=\"_ _0\"></span>nths in duratio<span class=\"_ _0\"></span>n doe<span class=\"_ _0\"></span>s not mee<span class=\"_ _0\"></span>t the criter<span class=\"_ _0\"></span>ia to be class<span class=\"_ _0\"></span>ified a<span class=\"_ _0\"></span>s cash and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s. Accordi<span class=\"_ _0\"></span>ngly<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>ese d<span class=\"_ _0\"></span>eposi<span class=\"_ _0\"></span>ts have b<span class=\"_ _0\"></span>een pre<span class=\"_ _0\"></span>sented w<span class=\"_ _0\"></span>ithin other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and are c<span class=\"_ _0\"></span>arrie<span class=\"_ _0\"></span>d at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _0\"></span>FRS 9.<span class=\"_ _2cb\"> </span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts Financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t consist<span class=\"_ _0\"></span>s of loa<span class=\"_ _0\"></span>ns receiva<span class=\"_ _0\"></span>ble. The l<span class=\"_ _0\"></span>oan rece<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e\u2019<span class=\"_ _1\"></span>s init<span class=\"_ _0\"></span>ial fair value is th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of the futu<span class=\"_ _0\"></span>re repay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s, discou<span class=\"_ _0\"></span>nted using a market rate of intere<span class=\"_ _0\"></span>st for an ar<span class=\"_ _0\"></span>ms lengt<span class=\"_ _0\"></span>h loan, w<span class=\"_ _0\"></span>hen the lo<span class=\"_ _0\"></span>an is granted inter<span class=\"_ _0\"></span>est fre<span class=\"_ _0\"></span>e. As th<span class=\"_ _0\"></span>e loans recei<span class=\"_ _0\"></span>vable are h<span class=\"_ _0\"></span>eld for coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion of contra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l cash fl<span class=\"_ _0\"></span>ows, w<span class=\"_ _0\"></span>here cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s repres<span class=\"_ _0\"></span>ent sol<span class=\"_ _0\"></span>ely paym<span class=\"_ _0\"></span>ents o<span class=\"_ _0\"></span>f principl<span class=\"_ _0\"></span>e and ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t, they are m<span class=\"_ _0\"></span>easured a<span class=\"_ _0\"></span>t amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost in a<span class=\"_ _0\"></span>ccordance wit<span class=\"_ _0\"></span>h IFR<span class=\"_ _0\"></span>S 9. Both the i<span class=\"_ _0\"></span>nitial dis<span class=\"_ _0\"></span>count bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the fair value an<span class=\"_ _0\"></span>d loan valu<span class=\"_ _0\"></span>e, and the subse<span class=\"_ _0\"></span>quent unw<span class=\"_ _0\"></span>ind of the dis<span class=\"_ _0\"></span>count is includ<span class=\"_ _0\"></span>ed withi<span class=\"_ _0\"></span>n finance (cost<span class=\"_ _0\"></span>s)/<span class=\"_ _0\"></span>incom<span class=\"_ _0\"></span>e in the incom<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "<div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsa ws8 gs52b\">Liquidity risk<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs52c\">The G<span class=\"_ _0\"></span>roup\u2019s objec<span class=\"_ _0\"></span>tive in te<span class=\"_ _0\"></span>rms of fundin<span class=\"_ _0\"></span>g capac<span class=\"_ _0\"></span>ity is to e<span class=\"_ _0\"></span>nsure that it alw<span class=\"_ _0\"></span>ays has suf<span class=\"_ _0\"></span>fici<span class=\"_ _0\"></span>ent shor<span class=\"_ _0\"></span>t-term and l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>-term fundin<span class=\"_ _0\"></span>g available, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs52d\">eithe<span class=\"_ _0\"></span>r in the form of t<span class=\"_ _0\"></span>he Group\u2019s cash res<span class=\"_ _0\"></span>ources or co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted bank facili<span class=\"_ _0\"></span>ties. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p has suf<span class=\"_ _0\"></span>ficient fun<span class=\"_ _0\"></span>ds availabl<span class=\"_ _0\"></span>e to meet it<span class=\"_ _0\"></span>s curre<span class=\"_ _0\"></span>nt </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs52e\">funding re<span class=\"_ _0\"></span>quireme<span class=\"_ _0\"></span>nts for bot<span class=\"_ _0\"></span>h revenue an<span class=\"_ _0\"></span>d capit<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>penditu<span class=\"_ _0\"></span>re. In order to fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er manage li<span class=\"_ _0\"></span>quidit<span class=\"_ _0\"></span>y risk to an a<span class=\"_ _0\"></span>cceptabl<span class=\"_ _0\"></span>e level, th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs52f\">Group had a U<span class=\"_ _0\"></span>K bank facilit<span class=\"_ _0\"></span>y of \u00a34<span class=\"_ _0\"></span>0m (\u00a320m co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted and \u00a320<span class=\"_ _0\"></span>m accordio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>) at th<span class=\"_ _0\"></span>e year end, w<span class=\"_ _0\"></span>hich was all un<span class=\"_ _0\"></span>drawn at th<span class=\"_ _0\"></span>e year end </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs530\">date. Subse<span class=\"_ _0\"></span>quent to the ye<span class=\"_ _0\"></span>ar end, the Gr<span class=\"_ _0\"></span>oup has rene<span class=\"_ _0\"></span>wed it<span class=\"_ _0\"></span>s bank facilit<span class=\"_ _0\"></span>y, increasing the fa<span class=\"_ _0\"></span>cilit<span class=\"_ _0\"></span>y to \u00a3<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>0m (\u00a340<span class=\"_ _0\"></span>m commit<span class=\"_ _0\"></span>ted an<span class=\"_ _0\"></span>d \u00a320m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs531\">accordio<span class=\"_ _0\"></span>n)<span class=\"_ _1\"></span>, whi<span class=\"_ _0\"></span>ch exp<span class=\"_ _0\"></span>ires in Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 2026.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs532\">Both th<span class=\"_ _0\"></span>e previo<span class=\"_ _0\"></span>us and renew<span class=\"_ _0\"></span>ed facilit<span class=\"_ _0\"></span>y conta<span class=\"_ _0\"></span>ins covenant measu<span class=\"_ _0\"></span>res that are te<span class=\"_ _0\"></span>sted bia<span class=\"_ _0\"></span>nnually. They consis<span class=\"_ _0\"></span>t of:</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs533\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs534\">levera<span class=\"_ _0\"></span>ge, being th<span class=\"_ _0\"></span>e ratio of Grou<span class=\"_ _0\"></span>p consolid<span class=\"_ _0\"></span>ated net d<span class=\"_ _0\"></span>ebt to Group cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d profit b<span class=\"_ _0\"></span>efore interes<span class=\"_ _0\"></span>t, ta<span class=\"_ _0\"></span>x, de<span class=\"_ _0\"></span>preciat<span class=\"_ _0\"></span>ion and </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs535\">amortisation; and</div><div class=\"t m0 ha ff28 fs7 fc2 sc0 ls6 ws0 gs536\"> <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs537\">interes<span class=\"_ _0\"></span>t cover<span class=\"_ _1\"></span>, bein<span class=\"_ _0\"></span>g the ratio of G<span class=\"_ _0\"></span>roup conso<span class=\"_ _0\"></span>lidated prof<span class=\"_ _0\"></span>it before inte<span class=\"_ _0\"></span>rest an<span class=\"_ _0\"></span>d tax to th<span class=\"_ _0\"></span>e Group cons<span class=\"_ _0\"></span>olidated n<span class=\"_ _0\"></span>et interes<span class=\"_ _0\"></span>t.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs538\">In ad<span class=\"_ _0\"></span>dition to t<span class=\"_ _0\"></span>he UK bank fac<span class=\"_ _0\"></span>ility, the Group ha<span class=\"_ _0\"></span>s an RMB l<span class=\"_ _0\"></span>oan facilit<span class=\"_ _0\"></span>y in P<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X<span class=\"_ _0\"></span>, det<span class=\"_ _0\"></span>ails of which a<span class=\"_ _0\"></span>re include<span class=\"_ _0\"></span>d in note 1<span class=\"_ _1\"></span>5.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs539\">A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>e Group had a c<span class=\"_ _0\"></span>ash and ca<span class=\"_ _0\"></span>sh equiva<span class=\"_ _0\"></span>lent<span class=\"_ _0\"></span>s balance of \u00a333.4<span class=\"_ _0\"></span>m (30 Sep<span class=\"_ _0\"></span>tember 2022: \u00a358.7<span class=\"_ _1\"></span>m). In addi<span class=\"_ _0\"></span>tion to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs53a\">this, th<span class=\"_ _0\"></span>e Group had c<span class=\"_ _0\"></span>ash held o<span class=\"_ _0\"></span>n 95-<span class=\"_ _0\"></span>day n<span class=\"_ _0\"></span>otice dep<span class=\"_ _0\"></span>osit accou<span class=\"_ _0\"></span>nts of \u00a30.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m (3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2022: \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m). The max<span class=\"_ _0\"></span>imum dep<span class=\"_ _0\"></span>osit le<span class=\"_ _0\"></span>ngth </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs53b\">utilis<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up when c<span class=\"_ _0\"></span>ash is inves<span class=\"_ _0\"></span>ted both d<span class=\"_ _0\"></span>uring the ye<span class=\"_ _0\"></span>ar ende<span class=\"_ _0\"></span>d 30 Septe<span class=\"_ _0\"></span>mber 2023 and up to t<span class=\"_ _0\"></span>he date of this re<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>t is 95 days </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs53c\">(F<span class=\"_ _0\"></span>Y<span class=\"_ gs1\"> </span>2022: 95 days).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs53d\">Financial<span class=\"_ _1\"></span> asset<span class=\"_ _0\"></span>s held<span class=\"_ _1\"></span> at amortised cost<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs53e\">The l<span class=\"_ _0\"></span>oans rece<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e granted in the cu<span class=\"_ _0\"></span>rrent year are s<span class=\"_ _0\"></span>ecure<span class=\"_ _0\"></span>d, non-<span class=\"_ _0\"></span>interes<span class=\"_ _0\"></span>t bear<span class=\"_ _0\"></span>ing with an a<span class=\"_ _0\"></span>greed te<span class=\"_ _0\"></span>rm of 1<span class=\"_ _1\"></span>2 year<span class=\"_ _0\"></span>s, with re<span class=\"_ _0\"></span>payme<span class=\"_ _0\"></span>nts </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs53f\">comme<span class=\"_ _0\"></span>ncing from F<span class=\"_ _0\"></span>Y 2029. The lo<span class=\"_ _0\"></span>ans recei<span class=\"_ _0\"></span>vable have b<span class=\"_ _0\"></span>een dis<span class=\"_ _0\"></span>counted to pre<span class=\"_ _0\"></span>sent value, wi<span class=\"_ _0\"></span>th this dis<span class=\"_ _0\"></span>count charge inc<span class=\"_ _0\"></span>luded in f<span class=\"_ _0\"></span>inance cost<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs540\">in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>, matching agains<span class=\"_ _0\"></span>t where t<span class=\"_ _0\"></span>he interes<span class=\"_ _0\"></span>t is being unw<span class=\"_ _0\"></span>ound over th<span class=\"_ _0\"></span>e term of the l<span class=\"_ _0\"></span>oan.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs541\">The c<span class=\"_ _0\"></span>redit ris<span class=\"_ _0\"></span>k in relation to t<span class=\"_ _0\"></span>he loans re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>le is de<span class=\"_ _0\"></span>emed to b<span class=\"_ _0\"></span>e low af<span class=\"_ _0\"></span>ter consid<span class=\"_ _0\"></span>eration of t<span class=\"_ _0\"></span>he risk of de<span class=\"_ _0\"></span>fault; the d<span class=\"_ _0\"></span>ebtor is consi<span class=\"_ _0\"></span>dered to </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs542\">have cap<span class=\"_ _0\"></span>acit<span class=\"_ _0\"></span>y to meet t<span class=\"_ _0\"></span>he contrac<span class=\"_ _0\"></span>tual ca<span class=\"_ _0\"></span>sh flow o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons per th<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>t.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls1a ws1d gs543\">Price risk<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs544\">The G<span class=\"_ _0\"></span>roup\u2019s produc<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>ntain a numb<span class=\"_ _0\"></span>er of key raw materials an<span class=\"_ _0\"></span>d its o<span class=\"_ _0\"></span>perati<span class=\"_ _0\"></span>ons require e<span class=\"_ _0\"></span>nergy, notabl<span class=\"_ _0\"></span>y elec<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span>y and natural gas<span class=\"_ _0\"></span>. Any </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs545\">increas<span class=\"_ _0\"></span>e or volat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in prices an<span class=\"_ _0\"></span>d any signifi<span class=\"_ _0\"></span>cant de<span class=\"_ _0\"></span>crease in t<span class=\"_ _0\"></span>he availabili<span class=\"_ _0\"></span>ty of raw ma<span class=\"_ _0\"></span>terials or en<span class=\"_ _0\"></span>ergy coul<span class=\"_ _0\"></span>d affe<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e Group\u2019s result<span class=\"_ _0\"></span>s. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs546\">Vic<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>x stri<span class=\"_ _0\"></span>ves to obt<span class=\"_ _0\"></span>ain the be<span class=\"_ _0\"></span>st pri<span class=\"_ _0\"></span>ces and us<span class=\"_ _0\"></span>es contrac<span class=\"_ _0\"></span>tual me<span class=\"_ _0\"></span>ans to benef<span class=\"_ _0\"></span>it wher<span class=\"_ _0\"></span>e approp<span class=\"_ _0\"></span>riate and po<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e. The Group ha<span class=\"_ _0\"></span>s a signifi<span class=\"_ _0\"></span>cant </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs547\">deg<span class=\"_ _0\"></span>ree of influe<span class=\"_ _0\"></span>nce over it<span class=\"_ _0\"></span>s suppl<span class=\"_ _0\"></span>y chain which e<span class=\"_ _0\"></span>nables i<span class=\"_ _0\"></span>t to effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vely mana<span class=\"_ _0\"></span>ge the ris<span class=\"_ _0\"></span>k in this area.<span class=\"_ _2cb\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "<div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsa ws8 gs544\">Capital manageme<span class=\"_ _0\"></span>nt<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs545\">The G<span class=\"_ _0\"></span>roup def<span class=\"_ _0\"></span>ines the c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al that it manag<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>e Group\u2019s total equit<span class=\"_ _0\"></span>y. The Group\u2019s poli<span class=\"_ _0\"></span>cy for m<span class=\"_ _0\"></span>anaging ca<span class=\"_ _0\"></span>pital i<span class=\"_ _0\"></span>s to maintain a s<span class=\"_ _0\"></span>trong </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs546\">balance s<span class=\"_ _0\"></span>heet w<span class=\"_ _0\"></span>ith the o<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>tive of ma<span class=\"_ _0\"></span>intaining cus<span class=\"_ _0\"></span>tomer, supplier an<span class=\"_ _0\"></span>d investor co<span class=\"_ _0\"></span>nfidence in t<span class=\"_ _0\"></span>he busine<span class=\"_ _0\"></span>ss and to ensure t<span class=\"_ _0\"></span>hat the Grou<span class=\"_ _0\"></span>p </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs547\">has suf<span class=\"_ _0\"></span>ficie<span class=\"_ _0\"></span>nt resource<span class=\"_ _0\"></span>s to be abl<span class=\"_ _0\"></span>e to invest in futu<span class=\"_ _0\"></span>re develo<span class=\"_ _0\"></span>pment an<span class=\"_ _0\"></span>d grow<span class=\"_ _0\"></span>th of the bus<span class=\"_ _0\"></span>iness<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs54a\">Foll<span class=\"_ _0\"></span>owing en<span class=\"_ _0\"></span>gagem<span class=\"_ _0\"></span>ent with sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>ers du<span class=\"_ _0\"></span>ring F<span class=\"_ _0\"></span>Y 2023, share buyb<span class=\"_ _0\"></span>ack<span class=\"_ _0\"></span>s are now inclu<span class=\"_ _0\"></span>ded as an o<span class=\"_ _0\"></span>ption for fu<span class=\"_ _0\"></span>ture shareho<span class=\"_ _0\"></span>lder retu<span class=\"_ _0\"></span>rns, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs54b\">along<span class=\"_ _0\"></span>side sp<span class=\"_ _0\"></span>ecial di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nds, wit<span class=\"_ _0\"></span>hin our ca<span class=\"_ _0\"></span>pital all<span class=\"_ _0\"></span>ocat<span class=\"_ _0\"></span>ion po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Th<span class=\"_ _0\"></span>e Board d<span class=\"_ _0\"></span>oes not e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>ct to ma<span class=\"_ _0\"></span>ke share repurchas<span class=\"_ _0\"></span>es during 2024, base<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs54c\">on curre<span class=\"_ _0\"></span>nt cash res<span class=\"_ _0\"></span>ources an<span class=\"_ _0\"></span>d ongoin<span class=\"_ _0\"></span>g investm<span class=\"_ _0\"></span>ent in the busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>o e<span class=\"_ _0\"></span>nsure the Bo<span class=\"_ _0\"></span>ard has the n<span class=\"_ _0\"></span>eces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y fle<span class=\"_ _0\"></span>xibilit<span class=\"_ _0\"></span>y, there is a res<span class=\"_ _0\"></span>olutio<span class=\"_ _0\"></span>n </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs54d\">prop<span class=\"_ _0\"></span>osed a<span class=\"_ _0\"></span>t each AGM to autho<span class=\"_ _0\"></span>rise th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany to make one or mo<span class=\"_ _0\"></span>re market purchas<span class=\"_ _0\"></span>es of it<span class=\"_ _0\"></span>s ordinar<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s up to a maxim<span class=\"_ _0\"></span>um number </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs54e\">of shares e<span class=\"_ _0\"></span>qual to 1<span class=\"_ _1\"></span>0% of it<span class=\"_ _0\"></span>s issu<span class=\"_ _0\"></span>ed ordinar<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>e capit<span class=\"_ _0\"></span>al as at the d<span class=\"_ _0\"></span>ate of the N<span class=\"_ _0\"></span>otice of Annua<span class=\"_ _0\"></span>l General M<span class=\"_ _0\"></span>eeti<span class=\"_ _0\"></span>ng.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs54f\">The G<span class=\"_ _0\"></span>roup\u2019s capit<span class=\"_ _0\"></span>al and equit<span class=\"_ _0\"></span>y rati<span class=\"_ _0\"></span>o is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs550\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs551\">A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _161\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _ee\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsd4 wscb gs552\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> e<span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _5\"></span>y<span class=\"_ _249\"> </span><span class=\"ff27 ls7f ws70\">5<span class=\"_ _0\"></span>01.0<span class=\"_ _11f\"> </span></span><span class=\"ls6 ws0\">490.6<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsd4 wscb gs553\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> a<span class=\"_ _6\"></span>s<span class=\"_ _0\"></span>s<span class=\"_ _6\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>s<span class=\"_ _24a\"> </span><span class=\"ff27 lsa ws8\">626.6<span class=\"_ _3f\"> </span></span><span class=\"ls128 ws178\">6<span class=\"_ _6\"></span>41.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs554\">Equi<span class=\"_ _0\"></span>ty ra<span class=\"_ _0\"></span>tio<span class=\"_ _24b\"> </span><span class=\"fc3 ls20 wscc\">8<span class=\"_ _0\"></span>0%<span class=\"_ _46\"> </span><span class=\"ff28 lsc4 ws14b\">76%<span class=\"_ _2cb\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "Financia<span class=\"_ _0\"></span>l instrume<span class=\"_ _0\"></span>nts<span class=\"_ _2cb\"> </span>Sum<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y of c<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gori<span class=\"_ _0\"></span>es of fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abiliti<span class=\"_ _0\"></span>es<span class=\"_ _2cb\"> </span>Carrying amount and fair<span class=\"_ _1\"></span> value<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _24c\"> </span><span class=\"ls66 ws62\">Note<span class=\"_ _62\"> </span></span>Clas<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>der I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 2023 \u00a3m<span class=\"_ _2cb\"> </span>2022<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Financial assets<span class=\"_ _2cb\"> </span>For<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts us<span class=\"_ _0\"></span>ed for hed<span class=\"_ _0\"></span>ging (derivat<span class=\"_ _0\"></span>ive inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s)<span class=\"_ _245\"> </span>Fair valu<span class=\"_ _0\"></span>e \u2013  hedging instrument<span class=\"_ _2cb\"> </span>2.0<span class=\"_ _62\"> </span><span class=\"ff28 ls6 ws0\">\u2014<span class=\"_ _2cb\"> </span></span>Unquote<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ents<span class=\"_ _24d\"> </span><span class=\"lse3 wsdd\">11<span class=\"_ _12c\"> </span><span class=\"ls87 ws7d\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _186\"> </span><span class=\"ff27 ls12d ws125\">3.<span class=\"_ _0\"></span>5<span class=\"_ _106\"> </span></span><span class=\"ls9 ws7\">3.5<span class=\"_ _2cb\"> </span></span></span></span>Ot<span class=\"_ _0\"></span>her financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at fair value<span class=\"_ _18b\"> </span><span class=\"ls87 ws7d\">FV<span class=\"_ _0\"></span>TPL<span class=\"_ _b7\"> </span><span class=\"ff27 ls6d wsc6\">9.7<span class=\"_ _b7\"> </span></span></span>6.6<span class=\"_ _2cb\"> </span>Ot<span class=\"_ _0\"></span>her financia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld at amor<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed cos<span class=\"_ _0\"></span>t<span class=\"_ _14b\"> </span><span class=\"ls8 ws6\">Amortised cost<span class=\"_ _106\"> </span><span class=\"ff27 ls6d wsc6\">0.7<span class=\"_ _11a\"> </span></span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span>T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other re<span class=\"_ _0\"></span>ceivabl<span class=\"_ _0\"></span>es<span class=\"_ _9a\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _bf\"> </span><span class=\"ls8 ws6\">A<span class=\"_ _0\"></span>mortised cost<span class=\"_ _8a\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>2<span class=\"_ _45\"> </span></span><span class=\"ls29 ws26\">42.<span class=\"_ _0\"></span>4<span class=\"_ _2cb\"> </span></span></span></span>Cash and c<span class=\"_ _0\"></span>ash equiv<span class=\"_ _0\"></span>alent<span class=\"_ _0\"></span>s <span class=\"_ _1db\"> </span> <span class=\"_ _a1\"> </span><span class=\"ls8 ws6\">Amor<span class=\"_ _0\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"_ _42\"> </span><span class=\"ff27 ls1a ws1d\">33.<span class=\"_ _0\"></span>4<span class=\"_ _8b\"> </span></span><span class=\"lsde wsd8\">5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span>Financial liab<span class=\"_ _0\"></span>ilities<span class=\"_ _24e\"> </span><span class=\"ff28 fc3 ls6 ws0\"> </span>For<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd exchange co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts us<span class=\"_ _0\"></span>ed for hed<span class=\"_ _0\"></span>ging (derivat<span class=\"_ _0\"></span>ive inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s)<span class=\"_ _245\"> </span>Fair valu<span class=\"_ _0\"></span>e \u2013  hedging instrument<span class=\"_ _2cb\"> </span>(1.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _3b\"> </span><span class=\"ff28 ls7e ws76\">(1<span class=\"_ _1\"></span>9.9)<span class=\"_ _2cb\"> </span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year<span class=\"_ _d7\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _107\"> </span><span class=\"ls8 ws6\">Amortised cost<span class=\"_ _11a\"> </span><span class=\"ff27 lse wsc\">(5<span class=\"_ _0\"></span>.2)<span class=\"_ _8a\"> </span></span><span class=\"ls7e ws76\">(<span class=\"_ _0\"></span>0.9)<span class=\"_ _2cb\"> </span></span></span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e after o<span class=\"_ _0\"></span>ne year <span class=\"_ _d9\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _107\"> </span><span class=\"ls8 ws6\">Amor<span class=\"_ _0\"></span>tised c<span class=\"_ _1\"></span>ost<span class=\"_ _f1\"> </span><span class=\"ff27 ls15 ws13\">(34<span class=\"_ _0\"></span>.5)<span class=\"_ _11f\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>21.<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>)<span class=\"_ _2cb\"> </span></span></span></span>T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other paya<span class=\"_ _0\"></span>bles<span class=\"_ _24f\"> </span><span class=\"ls6c ws68\">18<span class=\"_ _120\"> </span><span class=\"ls73 ws6d\">Oth<span class=\"_ _0\"></span>er financial lia<span class=\"_ _0\"></span>bilities<span class=\"_ _40\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>4<span class=\"_ _5\"> </span>.1)<span class=\"_ _3f\"> </span></span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair va<span class=\"_ _0\"></span>lue<span class=\"_ _2cb\"> </span>Fair value is de<span class=\"_ _0\"></span>termine<span class=\"_ _0\"></span>d using the fair valu<span class=\"_ _0\"></span>e hierarchy whi<span class=\"_ _0\"></span>ch takes into account th<span class=\"_ _0\"></span>e availabilit<span class=\"_ _0\"></span>y of inp<span class=\"_ _0\"></span>ut data into th<span class=\"_ _0\"></span>e fair value cal<span class=\"_ _0\"></span>culation, with l<span class=\"_ _0\"></span>evels go<span class=\"_ _0\"></span>ing from Le<span class=\"_ _0\"></span>vel 1 (quoted market pri<span class=\"_ _0\"></span>ces availabl<span class=\"_ _0\"></span>e) through to Leve<span class=\"_ _0\"></span>l 3 (<span class=\"_ _1\"></span>uno<span class=\"_ _0\"></span>bser<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble input<span class=\"_ _0\"></span>s) with m<span class=\"_ _0\"></span>ore assum<span class=\"_ _0\"></span>ptions inh<span class=\"_ _0\"></span>erent in the fair valu<span class=\"_ _0\"></span>e calcula<span class=\"_ _0\"></span>tion of Le<span class=\"_ _0\"></span>vel 3 ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re obse<span class=\"_ _0\"></span>rva<span class=\"_ _0\"></span>ble inpu<span class=\"_ _0\"></span>ts are no<span class=\"_ _0\"></span>t available t<span class=\"_ _0\"></span>hen anoth<span class=\"_ _0\"></span>er valuatio<span class=\"_ _0\"></span>n techniqu<span class=\"_ _0\"></span>e is used, su<span class=\"_ _0\"></span>ch as<span class=\"_ gs1\"> </span>an incom<span class=\"_ _0\"></span>e appro<span class=\"_ _0\"></span>ach or market ap<span class=\"_ _0\"></span>proach.<span class=\"_ _2cb\"> </span>All fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and liabili<span class=\"_ _0\"></span>ties me<span class=\"_ _0\"></span>asured at fair valu<span class=\"_ _0\"></span>e are categ<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>ed as Leve<span class=\"_ _0\"></span>l 2 within t<span class=\"_ _0\"></span>he fair value hie<span class=\"_ _0\"></span>rarchy<span class=\"_ _1\"></span>, wit<span class=\"_ _0\"></span>h the except<span class=\"_ _0\"></span>ion of inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s in unquote<span class=\"_ _0\"></span>d compani<span class=\"_ _0\"></span>es and oth<span class=\"_ _0\"></span>er financial a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d at fair value whi<span class=\"_ _0\"></span>ch are cate<span class=\"_ _0\"></span>goris<span class=\"_ _0\"></span>ed as Lev<span class=\"_ _0\"></span>el 3. See n<span class=\"_ _0\"></span>ote 1<span class=\"_ _8\"></span>1 fo<span class=\"_ _0\"></span>r furt<span class=\"_ _0\"></span>her det<span class=\"_ _0\"></span>ails. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profile<span class=\"_ _0\"></span>s of the de<span class=\"_ _0\"></span>rivati<span class=\"_ _0\"></span>ve instru<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in designa<span class=\"_ _0\"></span>ted hed<span class=\"_ _0\"></span>ge accounting re<span class=\"_ _0\"></span>lationsh<span class=\"_ _0\"></span>ips and trad<span class=\"_ _0\"></span>e recei<span class=\"_ _0\"></span>vables a<span class=\"_ _0\"></span>re given on p<span class=\"_ _0\"></span>ages 164 and 165 resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tivel<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Inform<span class=\"_ _0\"></span>ation on t<span class=\"_ _0\"></span>he maturit<span class=\"_ _0\"></span>y of the f<span class=\"_ _0\"></span>inancial liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s is include<span class=\"_ _0\"></span>d both wi<span class=\"_ _0\"></span>thin this note an<span class=\"_ _0\"></span>d within n<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>5. F<span class=\"_ _0\"></span>or trad<span class=\"_ _0\"></span>e and other payabl<span class=\"_ _0\"></span>es there a<span class=\"_ _0\"></span>re no amount<span class=\"_ _0\"></span>s due af<span class=\"_ _0\"></span>ter on<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>, the maj<span class=\"_ _0\"></span>orit<span class=\"_ _0\"></span>y falling due in 3<span class=\"_ _0\"></span>0 days or l<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. All fair value m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>currin<span class=\"_ _0\"></span>g.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "<div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs55c\">Rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliat<span class=\"_ _0\"></span>ion of m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in net f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>s/(deb<span class=\"_ _0\"></span>t)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs55d\">Net f<span class=\"_ _0\"></span>unds<span class=\"_ _0\"></span>/(debt) co<span class=\"_ _0\"></span>nsist<span class=\"_ _0\"></span>s of cash a<span class=\"_ _0\"></span>nd cash e<span class=\"_ _0\"></span>quivale<span class=\"_ _0\"></span>nts tog<span class=\"_ _0\"></span>ether w<span class=\"_ _0\"></span>ith other f<span class=\"_ _0\"></span>inancial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s, lon<span class=\"_ _0\"></span>g-ter<span class=\"_ _0\"></span>m and shor<span class=\"_ _0\"></span>t-term l<span class=\"_ _0\"></span>oans and fina<span class=\"_ _0\"></span>nce </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs55e\">leas<span class=\"_ _0\"></span>e liabilitie<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls66 ws62 gs55f\">Note<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs560\">A<span class=\"_ _0\"></span>s at </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs561\">1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er</div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsda wsd4 gs562\"> 2022<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs563\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs564\">Cash fl<span class=\"_ _0\"></span>ow<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs565\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls9a ws8f gs566\">Exchange and </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs567\">other non-cash </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs568\">movements<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs569\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs56a\">Mov<span class=\"_ _0\"></span>emen<span class=\"_ _0\"></span>t in </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls198 ws19a gs56b\">loans<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs56c\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls6 ws0 gs56d\">As a<span class=\"_ _0\"></span>t </div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 lsd7 wsd0 gs56e\">30 September</div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 lsd8 wsd1 gs56f\"> 2023<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls66 ws62 gs570\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1c ws1a gs571\">Cash and cash equivalents<span class=\"_ _250\"> </span><span class=\"ls70 ws6a\"> 16<span class=\"_ _0\"></span> <span class=\"_ _40\"> </span><span class=\"lsde wsd8\">5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.7<span class=\"_ _e9\"> </span><span class=\"ls4e ws4a\">(24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3)<span class=\"_ _45\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _42\"> </span><span class=\"ff27 ls1a ws1d\">33<span class=\"_ _0\"></span>.4<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs572\">Other financial assets<span class=\"_ _251\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _108\"> </span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _46\"> </span></span>(1<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _db\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs573\">Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year<span class=\"_ _200\"> </span>15<span class=\"_ _1\"></span>, 16 <span class=\"_ _8b\"> </span><span class=\"ls7e ws76\">(0.9)<span class=\"_ _102\"> </span>0.9<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _6a\"> </span>(<span class=\"_ _6\"></span>5<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _42\"> </span><span class=\"ff27 lse wsc\">(5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2)<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs574\">Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e after o<span class=\"_ _0\"></span>ne year<span class=\"_ _44\"> </span>1<span class=\"_ _1\"></span>5, 1<span class=\"_ _1\"></span>6 <span class=\"_ _3b\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>21.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _d3\"> </span><span class=\"ls7e ws76\">0.9<span class=\"_ _db\"> </span></span>1.<span class=\"_ _0\"></span>8<span class=\"_ _46\"> </span></span>(<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5.6)<span class=\"_ _ec\"> </span><span class=\"ff27 ls15 ws13\">(34<span class=\"_ _0\"></span>.5)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs575\">Leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _141\"> </span><span class=\"lse1 wsdb\">19<span class=\"_ _102\"> </span><span class=\"ls7e ws76\">(9.<span class=\"_ _0\"></span>6)<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">2<span class=\"_ _0\"></span>.1<span class=\"_ _d3\"> </span><span class=\"ls9 ws7\">(3.0)<span class=\"_ _13a\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _3d\"> </span><span class=\"ff27 ls132 ws18d\">(10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls14 ws12 gs576\">Net funds<span class=\"_ _0\"></span>/(<span class=\"_ _1\"></span>debt)<span class=\"_ _179\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _25\"> </span><span class=\"lsde wsd8\">3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _40\"> </span><span class=\"ls7d ws100\">(3<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>4)<span class=\"_ _8b\"> </span><span class=\"ls29 ws26\">(2.<span class=\"_ _0\"></span>3)<span class=\"_ _3f\"> </span></span></span>(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _43\"> </span><span class=\"ff27 ls132 ws18d\">(16<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></div>Note<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 1 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Cash fl<span class=\"_ _0\"></span>ow<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Exchange and other non-cash movements*<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Mov<span class=\"_ _0\"></span>emen<span class=\"_ _0\"></span>t in loans<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>A<span class=\"_ _0\"></span>s at 30 September 2022<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Cash and cash equivalents<span class=\"_ _111\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span> <span class=\"_ _e9\"> </span><span class=\"ls130 ws128\">74<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _108\"> </span></span>(18<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _102\"> </span><span class=\"ls29 ws26\">2.<span class=\"_ _0\"></span>4<span class=\"_ _124\"> </span><span class=\"ls6 ws0\"> \u2014 <span class=\"_ _40\"> </span><span class=\"lsde wsd8\">58<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span></span></span>Other financial assets<span class=\"_ _252\"> </span><span class=\"ls70 ws6a\"> 16<span class=\"_ _11a\"> </span><span class=\"ls102 wsfa\">3<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>5<span class=\"_ _184\"> </span>(<span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>7.<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>)<span class=\"_ _10d\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _13a\"> </span> \u2014 <span class=\"_ _108\"> </span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span></span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year<span class=\"_ _253\"> </span> 1<span class=\"_ _1\"></span>5, 1<span class=\"_ _1\"></span>6 <span class=\"_ _13a\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _102\"> </span><span class=\"ls7e ws76\">(0.9)<span class=\"_ _ad\"> </span>(0<span class=\"_ _0\"></span>.9)<span class=\"_ _2cb\"> </span></span>Borr<span class=\"_ _0\"></span>owings \u2013 du<span class=\"_ _0\"></span>e after o<span class=\"_ _0\"></span>ne year<span class=\"_ _44\"> </span><span class=\"ls12a ws122\">15<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> 16<span class=\"_ _d3\"> </span><span class=\"ls7e ws76\">(5<span class=\"_ _0\"></span>.9)<span class=\"_ _25\"> </span></span></span>0.3<span class=\"_ _102\"> </span><span class=\"ls29 ws26\">(<span class=\"_ _0\"></span>2.3)<span class=\"_ _f1\"> </span><span class=\"lse2 wsdc\">(13<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _f1\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span>Leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _141\"> </span><span class=\"lse1 wsdb\">19<span class=\"_ _0\"></span> <span class=\"_ _3f\"> </span><span class=\"ls70 ws6a\">(10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _109\"> </span><span class=\"ls60 ws5b\">2<span class=\"_ _0\"></span>.1<span class=\"_ _186\"> </span><span class=\"lsfb wsf5\">(1.7<span class=\"_ _6\"></span>)<span class=\"_ _124\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _25\"> </span><span class=\"ls7e ws76\">(<span class=\"_ _0\"></span>9.6)<span class=\"_ _2cb\"> </span></span></span></span></span></span></span>Net funds<span class=\"_ _254\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _25\"> </span><span class=\"ls9 ws7\">96.5<span class=\"_ _e9\"> </span></span>(43.6)<span class=\"_ _ad\"> </span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _3b\"> </span><span class=\"lsdf wsd9\">(14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _115\"> </span><span class=\"lsde wsd8\">3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></span></span></span>* <span class=\"_ _15\"> </span>Th<span class=\"_ _0\"></span>e only ot<span class=\"_ _0\"></span>her no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sh move<span class=\"_ _0\"></span>ment re<span class=\"_ _0\"></span>lates to l<span class=\"_ _0\"></span>ease li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, see n<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>9.<span class=\"_ _2cb\"> </span>Company<span class=\"_ _2cb\"> </span>The o<span class=\"_ _0\"></span>nly rece<span class=\"_ _0\"></span>ivable<span class=\"_ _0\"></span>s of the Company are am<span class=\"_ _0\"></span>ounts o<span class=\"_ _0\"></span>wed by subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akings. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are carr<span class=\"_ _0\"></span>ied at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tised co<span class=\"_ _0\"></span>st subs<span class=\"_ _0\"></span>equent to initial recognit<span class=\"_ _0\"></span>ion.<span class=\"_ _2cb\"> </span>The<span class=\"_ _0\"></span>re are no future e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d credit l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s on amou<span class=\"_ _0\"></span>nts owe<span class=\"_ _0\"></span>d by subsidiar<span class=\"_ _0\"></span>y un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ings.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>. Retirement<span class=\"_ _1\"></span> benefit<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Employee<span class=\"_ _1\"></span> ben<span class=\"_ _0\"></span>efits<span class=\"_ _2cb\"> </span>Defined cont<span class=\"_ _1\"></span>ribution pension<span class=\"_ _1\"></span> schemes<span class=\"_ _2cb\"> </span>Obli<span class=\"_ _0\"></span>gations for co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ions to def<span class=\"_ _0\"></span>ined contri<span class=\"_ _0\"></span>bution p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n schem<span class=\"_ _0\"></span>es are reco<span class=\"_ _0\"></span>gnised a<span class=\"_ _0\"></span>s an exp<span class=\"_ _0\"></span>ense in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent as incurre<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>Defined benefit pension schemes<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s asset an<span class=\"_ _0\"></span>d obligat<span class=\"_ _0\"></span>ion in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of defi<span class=\"_ _0\"></span>ned ben<span class=\"_ _0\"></span>efit pe<span class=\"_ _0\"></span>nsion s<span class=\"_ _0\"></span>chemes r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et is the pre<span class=\"_ _0\"></span>sent valu<span class=\"_ _0\"></span>e of the futu<span class=\"_ _0\"></span>re benef<span class=\"_ _0\"></span>its th<span class=\"_ _0\"></span>at employe<span class=\"_ _0\"></span>es have ear<span class=\"_ _0\"></span>ned in retur<span class=\"_ _0\"></span>n for their s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice in the c<span class=\"_ _0\"></span>urrent and pr<span class=\"_ _0\"></span>ior pe<span class=\"_ _0\"></span>riods<span class=\"_ _0\"></span>, less t<span class=\"_ _0\"></span>he fair value of pla<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. The d<span class=\"_ _0\"></span>efined b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>t and oblig<span class=\"_ _0\"></span>ation are c<span class=\"_ _0\"></span>alculate<span class=\"_ _0\"></span>d by indep<span class=\"_ _0\"></span>endent a<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>ries usin<span class=\"_ _0\"></span>g the proje<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d unit cred<span class=\"_ _0\"></span>it metho<span class=\"_ _0\"></span>d. The pres<span class=\"_ _0\"></span>ent value of th<span class=\"_ _0\"></span>e define<span class=\"_ _0\"></span>d benef<span class=\"_ _0\"></span>it ass<span class=\"_ _0\"></span>et and ob<span class=\"_ _0\"></span>ligation i<span class=\"_ _0\"></span>s determi<span class=\"_ _0\"></span>ned by dis<span class=\"_ _0\"></span>counting the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d future cas<span class=\"_ _0\"></span>h out<span class=\"_ _0\"></span>flows u<span class=\"_ _0\"></span>sing interes<span class=\"_ _0\"></span>t rates of high q<span class=\"_ _0\"></span>ualit<span class=\"_ _0\"></span>y corpo<span class=\"_ _0\"></span>rate bonds t<span class=\"_ _0\"></span>hat are den<span class=\"_ _0\"></span>ominated in th<span class=\"_ _0\"></span>e currenc<span class=\"_ _0\"></span>y in wh<span class=\"_ _0\"></span>ich the b<span class=\"_ _0\"></span>enefit<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e paid and have te<span class=\"_ _0\"></span>rms to maturit<span class=\"_ _0\"></span>y approx<span class=\"_ _0\"></span>imating to the te<span class=\"_ _0\"></span>rms of the re<span class=\"_ _0\"></span>lated pens<span class=\"_ _0\"></span>ion liabili<span class=\"_ _0\"></span>ty.<span class=\"_ _2cb\"> </span>Whe<span class=\"_ _0\"></span>n the cal<span class=\"_ _0\"></span>culatio<span class=\"_ _0\"></span>n result<span class=\"_ _0\"></span>s in a bene<span class=\"_ _0\"></span>fit to the Grou<span class=\"_ _0\"></span>p, the recogni<span class=\"_ _0\"></span>sed as<span class=\"_ _0\"></span>set is th<span class=\"_ _0\"></span>e present va<span class=\"_ _0\"></span>lue of econ<span class=\"_ _0\"></span>omic be<span class=\"_ _0\"></span>nefit<span class=\"_ _0\"></span>s availabl<span class=\"_ _0\"></span>e in the form of any futur<span class=\"_ _0\"></span>e refunds from t<span class=\"_ _0\"></span>he plan or re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tions in futu<span class=\"_ _0\"></span>re contribut<span class=\"_ _0\"></span>ions to the p<span class=\"_ _0\"></span>lan. In ord<span class=\"_ _0\"></span>er to calcul<span class=\"_ _0\"></span>ate the pres<span class=\"_ _0\"></span>ent value of econ<span class=\"_ _0\"></span>omic be<span class=\"_ _0\"></span>nefit<span class=\"_ _0\"></span>s, consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n is given to any minimu<span class=\"_ _0\"></span>m funding requ<span class=\"_ _0\"></span>irement<span class=\"_ _0\"></span>s that app<span class=\"_ _0\"></span>ly<span class=\"_ _1\"></span>. A<span class=\"_ _0\"></span>n econo<span class=\"_ _0\"></span>mic ben<span class=\"_ _0\"></span>efit is availa<span class=\"_ _0\"></span>ble to the Group if i<span class=\"_ _0\"></span>t is realisa<span class=\"_ _0\"></span>ble durin<span class=\"_ _0\"></span>g the life of the p<span class=\"_ _0\"></span>lan or on se<span class=\"_ _0\"></span>ttl<span class=\"_ _0\"></span>ement of th<span class=\"_ _0\"></span>e plan liabili<span class=\"_ _0\"></span>ties. W<span class=\"_ _0\"></span>hen th<span class=\"_ _0\"></span>e bene<span class=\"_ _0\"></span>fits of a p<span class=\"_ _0\"></span>lan are improv<span class=\"_ _0\"></span>ed, the po<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of the in<span class=\"_ _0\"></span>crease<span class=\"_ _0\"></span>d bene<span class=\"_ _0\"></span>fit relatin<span class=\"_ _0\"></span>g to past s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice by emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s is recogni<span class=\"_ _0\"></span>sed in prof<span class=\"_ _0\"></span>it or los<span class=\"_ _0\"></span>s on a stra<span class=\"_ _0\"></span>ight line basi<span class=\"_ _0\"></span>s over the avera<span class=\"_ _0\"></span>ge per<span class=\"_ _0\"></span>iod until th<span class=\"_ _0\"></span>e benef<span class=\"_ _0\"></span>its b<span class=\"_ _0\"></span>ecom<span class=\"_ _0\"></span>e veste<span class=\"_ _0\"></span>d. T<span class=\"_ _1\"></span>o the ex<span class=\"_ _0\"></span>tent that t<span class=\"_ _0\"></span>he bene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s vest imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e is recog<span class=\"_ _0\"></span>nised in profit o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Ac<span class=\"_ _0\"></span>tuarial gains a<span class=\"_ _0\"></span>nd los<span class=\"_ _0\"></span>ses are imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y recogni<span class=\"_ _0\"></span>sed in full th<span class=\"_ _0\"></span>rough the Conso<span class=\"_ _0\"></span>lidated s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of compreh<span class=\"_ _0\"></span>ensive inco<span class=\"_ _0\"></span>me.<span class=\"_ _2cb\"> </span> Crit<span class=\"_ _0\"></span>ical ju<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s and key so<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s of es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tion un<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y in re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n to pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme va<span class=\"_ _0\"></span>luatio<span class=\"_ _0\"></span>n<span class=\"_ _2cb\"> </span>The v<span class=\"_ _0\"></span>aluation of p<span class=\"_ _0\"></span>ension s<span class=\"_ _0\"></span>cheme a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s are calc<span class=\"_ _0\"></span>ulated in accorda<span class=\"_ _0\"></span>nce with Gr<span class=\"_ _0\"></span>oup poli<span class=\"_ _0\"></span>cy. The valua<span class=\"_ _0\"></span>tions are pre<span class=\"_ _0\"></span>pared by independent qualified actuaries, but sig<span class=\"_ _1\"></span>nificant estimates are r<span class=\"_ _1\"></span>equired in relation<span class=\"_ _1\"></span> to the assumptions f<span class=\"_ _1\"></span>or pension increases, in<span class=\"_ _1\"></span>flation, the discount<span class=\"_ _1\"></span> rate applied and member longevity<span class=\"_ _1\"></span>, which underpin the val<span class=\"_ _1\"></span>uations. Information about the<span class=\"_ _1\"></span> assumptions relating<span class=\"_ _1\"></span> to retirement<span class=\"_ _1\"></span> ben<span class=\"_ _0\"></span>efit as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and oblig<span class=\"_ _0\"></span>ations an<span class=\"_ _0\"></span>d also the s<span class=\"_ _0\"></span>ensiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y of the pe<span class=\"_ _0\"></span>nsion as<span class=\"_ _0\"></span>set and lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y to movem<span class=\"_ _0\"></span>ents in th<span class=\"_ _0\"></span>ese as<span class=\"_ _0\"></span>sumptio<span class=\"_ _0\"></span>ns is pres<span class=\"_ _0\"></span>ented bel<span class=\"_ _0\"></span>ow<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he sensi<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>y sho<span class=\"_ _0\"></span>ws that a chan<span class=\"_ _0\"></span>ge in the es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>on assum<span class=\"_ _0\"></span>ptions coul<span class=\"_ _0\"></span>d result in a mater<span class=\"_ _0\"></span>ial change i<span class=\"_ _0\"></span>n the car<span class=\"_ _0\"></span>ry<span class=\"_ _0\"></span>ing value of th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabilit<span class=\"_ _0\"></span>ies wit<span class=\"_ _0\"></span>hin the ne<span class=\"_ _0\"></span>xt 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nths.<span class=\"_ _2cb\"> </span>Impa<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f clim<span class=\"_ _0\"></span>ate ch<span class=\"_ _0\"></span>ange<span class=\"_ _2cb\"> </span>The im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chang<span class=\"_ _0\"></span>e has be<span class=\"_ _0\"></span>en discus<span class=\"_ _0\"></span>sed w<span class=\"_ _0\"></span>ith the U<span class=\"_ _0\"></span>K pensio<span class=\"_ _0\"></span>n truste<span class=\"_ _0\"></span>e. Whils<span class=\"_ _0\"></span>t not an income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent impac<span class=\"_ _0\"></span>ting c<span class=\"_ _0\"></span>hange, a movem<span class=\"_ _0\"></span>ent in the net d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d benef<span class=\"_ _0\"></span>it pensi<span class=\"_ _0\"></span>on balance w<span class=\"_ _0\"></span>ould potent<span class=\"_ _0\"></span>ially impa<span class=\"_ _0\"></span>ct l<span class=\"_ _0\"></span>ong-<span class=\"_ _0\"></span>term cas<span class=\"_ _0\"></span>h flow<span class=\"_ _0\"></span>s if fur<span class=\"_ _0\"></span>ther contr<span class=\"_ _0\"></span>ibutio<span class=\"_ _0\"></span>ns were req<span class=\"_ _0\"></span>uired or a lo<span class=\"_ _0\"></span>wer surplus w<span class=\"_ _0\"></span>ere returne<span class=\"_ _0\"></span>d to the Company on s<span class=\"_ _0\"></span>atisfac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of all out<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>anding liab<span class=\"_ _0\"></span>ilities<span class=\"_ _0\"></span>. The p<span class=\"_ _0\"></span>otential impa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span> of climate chang<span class=\"_ _0\"></span>e would m<span class=\"_ _0\"></span>ost likely b<span class=\"_ _0\"></span>e seen i<span class=\"_ _0\"></span>n the value of s<span class=\"_ _0\"></span>cheme a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s if the<span class=\"_ _0\"></span>y were not ap<span class=\"_ _0\"></span>propriate<span class=\"_ _0\"></span>ly manag<span class=\"_ _0\"></span>ed.<span class=\"_ _2cb\"> </span>At 30 Septe<span class=\"_ _0\"></span>mber 2023 the s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e does n<span class=\"_ _0\"></span>ot hold any e<span class=\"_ _0\"></span>quitie<span class=\"_ _0\"></span>s or grow<span class=\"_ _0\"></span>th funds w<span class=\"_ _0\"></span>ith the fu<span class=\"_ _0\"></span>nds held at 3<span class=\"_ _0\"></span>0 Septe<span class=\"_ _0\"></span>mber 2022 so<span class=\"_ _0\"></span>ld during t<span class=\"_ _0\"></span>he year<span class=\"_ _1\"></span>. At 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>, ap<span class=\"_ _0\"></span>proximatel<span class=\"_ _0\"></span>y 30% of it<span class=\"_ _0\"></span>s schem<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts were in e<span class=\"_ _0\"></span>quitie<span class=\"_ _0\"></span>s and grow<span class=\"_ _0\"></span>th fun<span class=\"_ _0\"></span>ds spread a<span class=\"_ _0\"></span>cross<span class=\"_ _0\"></span> a numbe<span class=\"_ _0\"></span>r of funds, ea<span class=\"_ _0\"></span>ch of which wa<span class=\"_ _0\"></span>s tasked wi<span class=\"_ _0\"></span>th max<span class=\"_ _0\"></span>imising return w<span class=\"_ _0\"></span>ithin an ap<span class=\"_ _0\"></span>propr<span class=\"_ _0\"></span>iate risk frame<span class=\"_ _0\"></span>work. T<span class=\"_ _0\"></span>he pens<span class=\"_ _0\"></span>ion trus<span class=\"_ _0\"></span>tees<span class=\"_ _0\"></span>, with t<span class=\"_ _0\"></span>he suppo<span class=\"_ _0\"></span>rt of t<span class=\"_ _0\"></span>he Company<span class=\"_ _1\"></span>, conti<span class=\"_ _0\"></span>nue to devel<span class=\"_ _0\"></span>op their o<span class=\"_ _0\"></span>wn ESG p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y which i<span class=\"_ _0\"></span>s likely to result in an E<span class=\"_ _0\"></span>SG linked invest<span class=\"_ _0\"></span>ment strate<span class=\"_ _0\"></span>gy for wh<span class=\"_ _0\"></span>en equit<span class=\"_ _0\"></span>y and gr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>th ass<span class=\"_ _0\"></span>ets are h<span class=\"_ _0\"></span>eld by the s<span class=\"_ _0\"></span>cheme. T<span class=\"_ _0\"></span>his will alig<span class=\"_ _0\"></span>n to the Company\u2019s strate<span class=\"_ _0\"></span>gy and als<span class=\"_ _0\"></span>o ensure that<span class=\"_ _0\"></span> invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s are not \u2018stuck<span class=\"_ _0\"></span>\u2019 in dec<span class=\"_ _0\"></span>lining equit<span class=\"_ _0\"></span>ies thus ris<span class=\"_ _0\"></span>king unde<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>forman<span class=\"_ _0\"></span>ce. As a resu<span class=\"_ _0\"></span>lt, the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors have con<span class=\"_ _0\"></span>cluded t<span class=\"_ _0\"></span>hat no climate<span class=\"_ _0\"></span>-re<span class=\"_ _0\"></span>lated risk a<span class=\"_ _0\"></span>djustm<span class=\"_ _0\"></span>ent is require<span class=\"_ _0\"></span>d at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023.<span class=\"_ _2cb\"> </span><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5a8\">The G<span class=\"_ _0\"></span>roup op<span class=\"_ _0\"></span>erates a numb<span class=\"_ _0\"></span>er of pensi<span class=\"_ _0\"></span>on sche<span class=\"_ _0\"></span>mes for it<span class=\"_ _0\"></span>s emp<span class=\"_ _0\"></span>loyees t<span class=\"_ _0\"></span>hroughou<span class=\"_ _0\"></span>t the wor<span class=\"_ _0\"></span>ld. Out<span class=\"_ _0\"></span>side t<span class=\"_ _0\"></span>he UK and G<span class=\"_ _0\"></span>ermany, the C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5a9\">ope<span class=\"_ _0\"></span>rates def<span class=\"_ _0\"></span>ined contr<span class=\"_ _0\"></span>ibutio<span class=\"_ _0\"></span>n pensio<span class=\"_ _0\"></span>n schem<span class=\"_ _0\"></span>es. Ea<span class=\"_ _0\"></span>ch schem<span class=\"_ _0\"></span>e opera<span class=\"_ _0\"></span>tes under t<span class=\"_ _0\"></span>he regulato<span class=\"_ _0\"></span>ry e<span class=\"_ _0\"></span>nvironme<span class=\"_ _0\"></span>nt of the jurisd<span class=\"_ _0\"></span>ict<span class=\"_ _0\"></span>ion in whi<span class=\"_ _0\"></span>ch it </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs5aa\">is located.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs5ab\">Vi<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>rex Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n Fund (U<span class=\"_ _0\"></span>K)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5ac\">The p<span class=\"_ _0\"></span>rincipal s<span class=\"_ _0\"></span>cheme o<span class=\"_ _0\"></span>perate<span class=\"_ _0\"></span>d by the Group i<span class=\"_ _0\"></span>s a funded U<span class=\"_ _0\"></span>K pensi<span class=\"_ _0\"></span>on schem<span class=\"_ _0\"></span>e, which is subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to the st<span class=\"_ _0\"></span>atutor<span class=\"_ _0\"></span>y fundi<span class=\"_ _0\"></span>ng obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve under </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5ad\">the Pe<span class=\"_ _0\"></span>nsions Ac<span class=\"_ _0\"></span>t 200<span class=\"_ _0\"></span>4, in w<span class=\"_ _0\"></span>hich empl<span class=\"_ _0\"></span>oyees of U<span class=\"_ _0\"></span>K subsidia<span class=\"_ _0\"></span>ry u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>tak<span class=\"_ _0\"></span>ings par<span class=\"_ _0\"></span>tici<span class=\"_ _0\"></span>pate. The sc<span class=\"_ _0\"></span>heme has t<span class=\"_ _0\"></span>wo s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tions. O<span class=\"_ _0\"></span>ne se<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion provi<span class=\"_ _0\"></span>des </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5ae\">ben<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s on a defin<span class=\"_ _0\"></span>ed ben<span class=\"_ _0\"></span>efit bas<span class=\"_ _0\"></span>is with b<span class=\"_ _0\"></span>enefit<span class=\"_ _0\"></span>s relate<span class=\"_ _0\"></span>d to final pens<span class=\"_ _0\"></span>ionabl<span class=\"_ _0\"></span>e pay<span class=\"_ _1\"></span>. T<span class=\"_ _0\"></span>he defin<span class=\"_ _0\"></span>ed ben<span class=\"_ _0\"></span>efit se<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion was cl<span class=\"_ _0\"></span>osed to n<span class=\"_ _0\"></span>ew memb<span class=\"_ _0\"></span>ers </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5af\">from 31 Decem<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>. Fro<span class=\"_ _0\"></span>m this date new e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es have be<span class=\"_ _0\"></span>en invited to j<span class=\"_ _0\"></span>oin the s<span class=\"_ _0\"></span>econd s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion that p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>s benef<span class=\"_ _0\"></span>its o<span class=\"_ _0\"></span>n a define<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5b0\">contrib<span class=\"_ _0\"></span>ution ba<span class=\"_ _0\"></span>sis. T<span class=\"_ _0\"></span>he defin<span class=\"_ _0\"></span>ed ben<span class=\"_ _0\"></span>efit sch<span class=\"_ _0\"></span>eme clo<span class=\"_ _0\"></span>sed to future a<span class=\"_ _0\"></span>ccrual on 31 March 201<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>, with emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s in the sch<span class=\"_ _0\"></span>eme eligi<span class=\"_ _0\"></span>ble to join </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs5b1\">the defined contri<span class=\"_ _1\"></span>bution scheme. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs5b2\">The l<span class=\"_ _0\"></span>atest tr<span class=\"_ _0\"></span>iennial valua<span class=\"_ _0\"></span>tion was p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>forme<span class=\"_ _0\"></span>d to 3<span class=\"_ _1\"></span>1 March 2022 and s<span class=\"_ _0\"></span>howed a s<span class=\"_ _0\"></span>cheme sur<span class=\"_ _0\"></span>plus of \u00a31<span class=\"_ _2\"></span>6.<span class=\"_ _0\"></span>8m. T<span class=\"_ _0\"></span>he surplus p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on means th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs5b3\">has no cur<span class=\"_ _0\"></span>rent obliga<span class=\"_ _0\"></span>tion to make fur<span class=\"_ _0\"></span>ther cont<span class=\"_ _0\"></span>ributi<span class=\"_ _0\"></span>ons to the sch<span class=\"_ _0\"></span>eme, altho<span class=\"_ _0\"></span>ugh this may chan<span class=\"_ _0\"></span>ge follow<span class=\"_ _0\"></span>ing future valua<span class=\"_ _0\"></span>tions. T<span class=\"_ _0\"></span>he<span class=\"_ gs1\"> </span>Grou<span class=\"_ _0\"></span>p made<span class=\"_ _0\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs5b4\">addi<span class=\"_ _0\"></span>tional cont<span class=\"_ _0\"></span>ributio<span class=\"_ _0\"></span>ns of \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>.0<span class=\"_ _0\"></span>m during th<span class=\"_ _0\"></span>e years en<span class=\"_ _0\"></span>ded 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022 and 2023 as par<span class=\"_ _0\"></span>t of an ong<span class=\"_ _0\"></span>oing pro<span class=\"_ _0\"></span>gramme w<span class=\"_ _0\"></span>ith the tr<span class=\"_ _0\"></span>ustee<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsb ws0 gs5b5\">to work towa<span class=\"_ _0\"></span>rds self-<span class=\"_ _0\"></span>suff<span class=\"_ _0\"></span>icienc<span class=\"_ _0\"></span>y. The Group re<span class=\"_ _0\"></span>mains commit<span class=\"_ _0\"></span>ted to wo<span class=\"_ _0\"></span>rking toward<span class=\"_ _0\"></span>s self-suf<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ienc<span class=\"_ _0\"></span>y and intend<span class=\"_ _0\"></span>s to continue to make volunt<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7d ws13 gs5b6\">contributions<span class=\"_ _1\"></span> where appropriate.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5b7\">The c<span class=\"_ _0\"></span>urrent inves<span class=\"_ _0\"></span>tment s<span class=\"_ _0\"></span>trategy w<span class=\"_ _0\"></span>as agree<span class=\"_ _0\"></span>d with th<span class=\"_ _0\"></span>e truste<span class=\"_ _0\"></span>es follo<span class=\"_ _0\"></span>wing the late<span class=\"_ _0\"></span>st tri<span class=\"_ _0\"></span>ennial valuat<span class=\"_ _0\"></span>ion and fo<span class=\"_ _0\"></span>cused on w<span class=\"_ _0\"></span>orking towa<span class=\"_ _0\"></span>rds self-<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5b8\">suf<span class=\"_ _0\"></span>ficien<span class=\"_ _0\"></span>cy w<span class=\"_ _0\"></span>ith the a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s increa<span class=\"_ _0\"></span>singly match<span class=\"_ _0\"></span>ed to the nature an<span class=\"_ _0\"></span>d term of the lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s. Thi<span class=\"_ _0\"></span>s include<span class=\"_ _0\"></span>d reducing t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>osure to equi<span class=\"_ _0\"></span>ties and </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5b9\">increas<span class=\"_ _0\"></span>ing the use o<span class=\"_ _0\"></span>f liabilit<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>dri<span class=\"_ _0\"></span>ven invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to bet<span class=\"_ _0\"></span>ter manage t<span class=\"_ _0\"></span>he sche<span class=\"_ _0\"></span>me\u2019s expo<span class=\"_ _0\"></span>sure to interest rate r<span class=\"_ _0\"></span>isk. By 3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2023 all </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5ba\">grow<span class=\"_ _0\"></span>th as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en transfer<span class=\"_ _0\"></span>red to liabili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span>-dr<span class=\"_ _0\"></span>iven inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he inves<span class=\"_ _0\"></span>tment st<span class=\"_ _0\"></span>rategy is re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d on a regular b<span class=\"_ _0\"></span>asis wit<span class=\"_ _0\"></span>h the trus<span class=\"_ _0\"></span>tees </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5bb\">and sch<span class=\"_ _0\"></span>eme ad<span class=\"_ _0\"></span>viso<span class=\"_ _0\"></span>rs.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5bc\">The d<span class=\"_ _0\"></span>efine<span class=\"_ _0\"></span>d contribut<span class=\"_ _0\"></span>ion sch<span class=\"_ _0\"></span>eme is op<span class=\"_ _0\"></span>en to all UK e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es with t<span class=\"_ _0\"></span>he Group mak<span class=\"_ _0\"></span>ing contribu<span class=\"_ _0\"></span>tions at a l<span class=\"_ _0\"></span>evel whic<span class=\"_ _0\"></span>h varies w<span class=\"_ _0\"></span>ith the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5bd\">percent<span class=\"_ _0\"></span>age of s<span class=\"_ _0\"></span>alar<span class=\"_ _0\"></span>y the em<span class=\"_ _0\"></span>ployee co<span class=\"_ _0\"></span>ntribute<span class=\"_ _0\"></span>s. The tot<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pense fo<span class=\"_ _0\"></span>r the def<span class=\"_ _0\"></span>ined contri<span class=\"_ _0\"></span>bution s<span class=\"_ _0\"></span>cheme i<span class=\"_ _0\"></span>s include<span class=\"_ _0\"></span>d in \u2018staf<span class=\"_ _0\"></span>f cost<span class=\"_ _0\"></span>s\u2019 wit<span class=\"_ _0\"></span>hin the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5be\">income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent line wh<span class=\"_ _0\"></span>ere the em<span class=\"_ _0\"></span>ployee o<span class=\"_ _0\"></span>perate<span class=\"_ _0\"></span>s. The e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse for the ye<span class=\"_ _0\"></span>ar ende<span class=\"_ _0\"></span>d 30 Septe<span class=\"_ _0\"></span>mber 2023 was \u00a36.7<span class=\"_ _1\"></span>m (F<span class=\"_ _0\"></span>Y 2022: \u00a35.8m).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs5bf\">Vi<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>rex Euro<span class=\"_ _0\"></span>pa Gmb<span class=\"_ _0\"></span>H Pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n Fund (Ge<span class=\"_ _0\"></span>rman<span class=\"_ _0\"></span>y)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5c0\">The G<span class=\"_ _0\"></span>roup op<span class=\"_ _0\"></span>erates anot<span class=\"_ _0\"></span>her defi<span class=\"_ _0\"></span>ned ben<span class=\"_ _0\"></span>efit sc<span class=\"_ _0\"></span>heme in Ge<span class=\"_ _0\"></span>rmany for the b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t of one, now retire<span class=\"_ _0\"></span>d, emplo<span class=\"_ _0\"></span>yee. Due to the sm<span class=\"_ _0\"></span>all size of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5c1\">this sch<span class=\"_ _0\"></span>eme, the dis<span class=\"_ _0\"></span>closure ha<span class=\"_ _0\"></span>s histori<span class=\"_ _0\"></span>cally b<span class=\"_ _0\"></span>een com<span class=\"_ _0\"></span>bined w<span class=\"_ _0\"></span>ith that of the U<span class=\"_ _0\"></span>K defin<span class=\"_ _0\"></span>ed ben<span class=\"_ _0\"></span>efit sch<span class=\"_ _0\"></span>eme. During t<span class=\"_ _0\"></span>he financia<span class=\"_ _0\"></span>l year ende<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5c2\">30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 202<span class=\"_ _2\"></span>1, the insurance po<span class=\"_ _0\"></span>licies w<span class=\"_ _0\"></span>hich comp<span class=\"_ _0\"></span>rise the a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s of the s<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e star<span class=\"_ _0\"></span>ted to ma<span class=\"_ _0\"></span>ture. At that point, und<span class=\"_ _0\"></span>er Ger<span class=\"_ _0\"></span>man law, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5c3\">having re<span class=\"_ _0\"></span>ceived p<span class=\"_ _0\"></span>ermis<span class=\"_ _0\"></span>sion fro<span class=\"_ _0\"></span>m the ben<span class=\"_ _0\"></span>eficiar<span class=\"_ _0\"></span>y, the Group el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to assum<span class=\"_ _0\"></span>e the be<span class=\"_ _0\"></span>nefit of th<span class=\"_ _0\"></span>ese as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s for use in th<span class=\"_ _0\"></span>e busines<span class=\"_ _0\"></span>s and leave </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5c4\">the sc<span class=\"_ _0\"></span>heme unfund<span class=\"_ _0\"></span>ed \u2013 makin<span class=\"_ _0\"></span>g the pens<span class=\"_ _0\"></span>ion pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s from the Grou<span class=\"_ _0\"></span>p\u2019<span class=\"_ _1\"></span>s c<span class=\"_ _0\"></span>ash flow. As a r<span class=\"_ _0\"></span>esult the n<span class=\"_ _0\"></span>et liabilit<span class=\"_ _0\"></span>y of the s<span class=\"_ _0\"></span>cheme in<span class=\"_ _0\"></span>crease<span class=\"_ _0\"></span>d, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5c5\">and incre<span class=\"_ _0\"></span>ased fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er during th<span class=\"_ _0\"></span>e year end<span class=\"_ _0\"></span>ed 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>, as t<span class=\"_ _0\"></span>he last re<span class=\"_ _0\"></span>maining as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s were trans<span class=\"_ _0\"></span>ferred to the G<span class=\"_ _0\"></span>roup. Foll<span class=\"_ _0\"></span>owing </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5c6\">the<span class=\"_ gs1\"> </span>de<span class=\"_ _0\"></span>cisio<span class=\"_ _0\"></span>n to transfer th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts to the G<span class=\"_ _0\"></span>roup, which incr<span class=\"_ _0\"></span>eased t<span class=\"_ _0\"></span>he net liab<span class=\"_ _0\"></span>ility, the Ger<span class=\"_ _0\"></span>man sche<span class=\"_ _0\"></span>me has be<span class=\"_ _0\"></span>en sep<span class=\"_ _0\"></span>arately dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed from </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5c7\">F<span class=\"_ _0\"></span>Y<span class=\"_ gs1\"> </span>202<span class=\"_ _1\"></span>1 onwards<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls17 ws14 gs5c8\">Risks associated<span class=\"_ _1\"></span> with the defined<span class=\"_ _1\"></span> benefit scheme<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs5c9\">Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t risk<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5ca\">The s<span class=\"_ _0\"></span>cheme ha<span class=\"_ _0\"></span>s the opt<span class=\"_ _0\"></span>ion to hold i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ents in a<span class=\"_ _0\"></span>sset cla<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, such as eq<span class=\"_ _0\"></span>uities<span class=\"_ _0\"></span>, which have vo<span class=\"_ _0\"></span>latile mar<span class=\"_ _0\"></span>ket values, and w<span class=\"_ _0\"></span>hile the<span class=\"_ _0\"></span>se </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5cb\">ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>re exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to provid<span class=\"_ _0\"></span>e real retur<span class=\"_ _0\"></span>ns over the l<span class=\"_ _0\"></span>ong term, th<span class=\"_ _0\"></span>e shor<span class=\"_ _0\"></span>t-term volat<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y can caus<span class=\"_ _0\"></span>e addit<span class=\"_ _0\"></span>ional fund<span class=\"_ _0\"></span>ing to be requi<span class=\"_ _0\"></span>red if a </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs5cc\">deficit emerges.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs5cd\">Int<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>st rat<span class=\"_ _0\"></span>e risk<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5ce\">The s<span class=\"_ _0\"></span>cheme\u2019s liabili<span class=\"_ _0\"></span>ties are a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ssed u<span class=\"_ _0\"></span>sing market yie<span class=\"_ _0\"></span>lds on high q<span class=\"_ _0\"></span>ualit<span class=\"_ _0\"></span>y corpo<span class=\"_ _0\"></span>rate bonds to di<span class=\"_ _0\"></span>scount the lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>s the sc<span class=\"_ _0\"></span>heme ho<span class=\"_ _0\"></span>lds </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5cf\">ass<span class=\"_ _0\"></span>ets su<span class=\"_ _0\"></span>ch as equit<span class=\"_ _0\"></span>ies, th<span class=\"_ _0\"></span>e value of the a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s and lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s may not move in th<span class=\"_ _0\"></span>e same w<span class=\"_ _0\"></span>ay<span class=\"_ _1\"></span>, altho<span class=\"_ _0\"></span>ugh this is mi<span class=\"_ _0\"></span>tigated to s<span class=\"_ _0\"></span>ome ex<span class=\"_ _0\"></span>tent by </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5d0\">the<span class=\"_ gs1\"> </span>sc<span class=\"_ _0\"></span>heme\u2019s liabilit<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>dri<span class=\"_ _0\"></span>ven inves<span class=\"_ _0\"></span>tment ho<span class=\"_ _0\"></span>ldings wh<span class=\"_ _0\"></span>ich, altho<span class=\"_ _0\"></span>ugh not bas<span class=\"_ _0\"></span>ed on chang<span class=\"_ _0\"></span>es in cor<span class=\"_ _0\"></span>porate bo<span class=\"_ _0\"></span>nds, woul<span class=\"_ _0\"></span>d be ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to mov<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5d1\">in<span class=\"_ gs1\"> </span>a similar way to t<span class=\"_ _0\"></span>he liabilit<span class=\"_ _0\"></span>ies.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls15 ws13 gs5d2\">Inflation risk<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5d3\">A signif<span class=\"_ _0\"></span>icant pro<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>f the ben<span class=\"_ _0\"></span>efit<span class=\"_ _0\"></span>s under t<span class=\"_ _0\"></span>he schem<span class=\"_ _0\"></span>e are linked to inflati<span class=\"_ _0\"></span>on. Alth<span class=\"_ _0\"></span>ough the s<span class=\"_ _0\"></span>cheme\u2019s ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to provi<span class=\"_ _0\"></span>de </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5d4\">a<span class=\"_ gs1\"> </span>goo<span class=\"_ _0\"></span>d hedg<span class=\"_ _0\"></span>e agains<span class=\"_ _0\"></span>t inflatio<span class=\"_ _0\"></span>n over the lo<span class=\"_ _0\"></span>ng term, in par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cular throug<span class=\"_ _0\"></span>h the sche<span class=\"_ _0\"></span>me\u2019s liabilit<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>driv<span class=\"_ _0\"></span>en investm<span class=\"_ _0\"></span>ent hold<span class=\"_ _0\"></span>ings, move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5d5\">in<span class=\"_ gs1\"> </span>the<span class=\"_ gs1\"> </span>sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t term could le<span class=\"_ _0\"></span>ad to defi<span class=\"_ _0\"></span>cits e<span class=\"_ _0\"></span>merging.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 lsc wsa gs5d6\">Longevity risk<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5d7\">In the e<span class=\"_ _0\"></span>vent that mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s live long<span class=\"_ _0\"></span>er than as<span class=\"_ _0\"></span>sumed, a<span class=\"_ _0\"></span>n additi<span class=\"_ _0\"></span>onal def<span class=\"_ _0\"></span>icit will e<span class=\"_ _0\"></span>merge in t<span class=\"_ _0\"></span>he schem<span class=\"_ _0\"></span>e, as the pres<span class=\"_ _0\"></span>ent value of t<span class=\"_ _0\"></span>he defin<span class=\"_ _0\"></span>ed </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5d8\">ben<span class=\"_ _0\"></span>efit liabili<span class=\"_ _0\"></span>ties is c<span class=\"_ _0\"></span>alculate<span class=\"_ _0\"></span>d with reg<span class=\"_ _0\"></span>ards to a bes<span class=\"_ _0\"></span>t est<span class=\"_ _0\"></span>imate of the mo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y of plan m<span class=\"_ _0\"></span>ember<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5d9\">Whe<span class=\"_ _0\"></span>re the I<span class=\"_ _0\"></span>AS 19 valuation sh<span class=\"_ _0\"></span>ows sc<span class=\"_ _0\"></span>heme as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in exces<span class=\"_ _0\"></span>s of schem<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>ies, an as<span class=\"_ _0\"></span>set is re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on the fac<span class=\"_ _0\"></span>t that un<span class=\"_ _0\"></span>der the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5da\">terms of th<span class=\"_ _0\"></span>e T<span class=\"_ _1\"></span>rust D<span class=\"_ _0\"></span>eed ag<span class=\"_ _0\"></span>reeme<span class=\"_ _0\"></span>nt, the sp<span class=\"_ _0\"></span>onsor<span class=\"_ _0\"></span>ing company is ent<span class=\"_ _0\"></span>itled to any as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s that rema<span class=\"_ _0\"></span>in in the sch<span class=\"_ _0\"></span>eme af<span class=\"_ _0\"></span>ter the s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5db\">all<span class=\"_ gs1\"> </span>pen<span class=\"_ _0\"></span>sion liabi<span class=\"_ _0\"></span>lities<span class=\"_ _0\"></span>. There a<span class=\"_ _0\"></span>re no rest<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>tions o<span class=\"_ _0\"></span>n the current re<span class=\"_ _0\"></span>alisab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of the surplus<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5dd\">IA<span class=\"_ _0\"></span>S 19 disclosure<span class=\"_ _0\"></span>s relating to de<span class=\"_ _0\"></span>fined b<span class=\"_ _0\"></span>enefit<span class=\"_ _0\"></span>s are as fo<span class=\"_ _0\"></span>llows:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls7 ws5 gs5de\">Principal ac<span class=\"_ _0\"></span>tuarial assumpt<span class=\"_ _0\"></span>ions<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs5df\">A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _72\"> </span><span class=\"ff27 ls8c ws82\">2023 \u2013 UK Sch<span class=\"_ _1\"></span>eme <span class=\"_ _77\"> </span>2023 \u2013<span class=\"_ _1\"></span> German Scheme <span class=\"_ _109\"> </span><span class=\"ff28 ls6 ws0\">202<span class=\"_ _0\"></span>2 \u2013 UK Sc<span class=\"_ _0\"></span>heme <span class=\"_ _7b\"> </span>2022 \u2013 Ge<span class=\"_ _0\"></span>rman S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12 ws1f gs5e0\">Discount rate<span class=\"_ _255\"> </span><span class=\"ff27 ls20 wscc\">5.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0%<span class=\"_ _256\"> </span><span class=\"ls82 ws78\">3<span class=\"_ _0\"></span>.75%<span class=\"_ _257\"> </span></span></span><span class=\"lsea wse5\">5<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>5%<span class=\"_ _258\"> </span><span class=\"lsde wsd8\">3.7<span class=\"_ _0\"></span>2%<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs5e1\">RPI inflation<span class=\"_ _1fe\"> </span><span class=\"ff27 ls82 ws78\">3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>5%<span class=\"_ _51\"> </span><span class=\"ls21 ws5f\">n/a<span class=\"_ _241\"> </span></span></span><span class=\"ls6a ws66\">3.<span class=\"_ _0\"></span>80%<span class=\"_ _10a\"> </span><span class=\"ls16 wsc1\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs5e2\">CPI i<span class=\"_ _1\"></span>nflation<span class=\"_ _259\"> </span><span class=\"ff27 ls82 ws78\">2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5%<span class=\"_ _32\"> </span><span class=\"lsfa wsf4\">2.30<span class=\"_ _2\"></span>%<span class=\"_ _241\"> </span><span class=\"ff28 ls6a ws66\">3.20%<span class=\"_ _241\"> </span><span class=\"ls29 ws26\">2.0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs5e3\">Future pensi<span class=\"_ _0\"></span>on increase<span class=\"_ _0\"></span>s <span class=\"_ _25a\"> </span><span class=\"ff27 ls20 wscc\">3.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0%<span class=\"_ _51\"> </span><span class=\"ls21 ws5f\">n<span class=\"_ _0\"></span>/a<span class=\"_ _241\"> </span></span></span><span class=\"ls9 ws7\">3.50%<span class=\"_ _10a\"> </span><span class=\"ls16 wsc1\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls12d ws125 gs5e4\">Mortality<span class=\"_ _1\"></span> tables<span class=\"_ _1\"></span>:<span class=\"_ _fb\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _130\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lsa ws8 gs5e5\">\u2013 Male<span class=\"_ _a7\"> </span><span class=\"ff27 ls6 ws0\">92% of S3<span class=\"_ _0\"></span>PM<span class=\"_ _0\"></span>A<span class=\"_ _4a\"> </span>10<span class=\"_ _0\"></span>0% of RT<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>018G<span class=\"_ _3d\"> </span><span class=\"ff28\">92% of S3PM<span class=\"_ _0\"></span>A<span class=\"_ _28\"> </span><span class=\"ls6a ws66\">100% o<span class=\"_ _0\"></span>f RT<span class=\"_ _0\"></span>201<span class=\"_ _1\"></span>8G<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5e6\">\u2013 Fema<span class=\"_ _0\"></span>le<span class=\"_ _25b\"> </span><span class=\"ff27\">95% of S3<span class=\"_ _0\"></span>PFA<span class=\"_ _bb\"> </span><span class=\"ls21 ws5f\">n<span class=\"_ _0\"></span>/a<span class=\"_ _6a\"> </span></span></span>95% of S3PFA<span class=\"_ _48\"> </span><span class=\"ls16 wsc1\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs5e7\">Mor<span class=\"_ _0\"></span>tality improvements:<span class=\"_ _25c\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _130\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5e8\">\u2013 Mo<span class=\"_ _0\"></span>del<span class=\"_ _251\"> </span><span class=\"ff27 ls12d ws125\">CMI 2022<span class=\"_ _f9\"> </span><span class=\"ls10 wse\">R<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>2018<span class=\"_ _0\"></span>G<span class=\"_ _f9\"> </span></span></span><span class=\"ls126 ws11f\">C<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span> 20<span class=\"_ _0\"></span>21<span class=\"_ _59\"> </span><span class=\"ls6c ws68\">R<span class=\"_ _0\"></span>T<span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>018<span class=\"_ _0\"></span>G<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5e9\">\u2013 Long<span class=\"_ _0\"></span>-term rate o<span class=\"_ _0\"></span>f improveme<span class=\"_ _0\"></span>nt<span class=\"_ _25d\"> </span><span class=\"ff27 ls82 ws78\">1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5%<span class=\"_ _d1\"> </span><span class=\"ls18 ws15\">Individual<span class=\"_ _257\"> </span></span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5%<span class=\"_ _bf\"> </span><span class=\"ls1a ws1d\">Indiv<span class=\"_ _0\"></span>idual<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs5ea\">\u2013 Initial<span class=\"_ _1\"></span> addition<span class=\"_ _25e\"> </span><span class=\"ff27 ls82 ws78\">0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5%<span class=\"_ _25f\"> </span></span><span class=\"ff27\">Individual<span class=\"_ _256\"> </span></span><span class=\"lsea wse5\">0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>25%<span class=\"_ _9f\"> </span><span class=\"ls1a ws1d\">I<span class=\"_ _0\"></span>ndividual<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5eb\">Life e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>y from age 6<span class=\"_ _0\"></span>2 of current </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs5ec\">pensioners:<span class=\"_ _260\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _130\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5ed\">\u2013 Male <span class=\"_ _261\"> </span><span class=\"ff27\"> 25.<span class=\"_ _0\"></span>3 yr<span class=\"_ _0\"></span>s </span></div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs5ee\">1<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs5ef\">23<span class=\"_ _0\"></span>.5 yr<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs5f0\">1<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5f1\">25.4 yr<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs5f2\">2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5f3\">23.4 yr<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs5f4\">2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5f5\">\u2013 Fema<span class=\"_ _0\"></span>le <span class=\"_ _144\"> </span><span class=\"ff27\">27<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>6 yr<span class=\"_ _0\"></span>s </span></div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs5f6\">1<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc3 sc0 ls21 ws5f gs5f7\">n<span class=\"_ _0\"></span>/a<span class=\"_ _1ae\"> </span><span class=\"ff28 ls6 ws0\">2<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>.7 yrs </span></div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs5f8\">2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls16 wsc1 gs5f9\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5fa\">Life e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>y from age 6<span class=\"_ _0\"></span>2 of act<span class=\"_ _0\"></span>ive </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs5fb\">and<span class=\"_ gs1\"> </span>deferr<span class=\"_ _1\"></span>ed member<span class=\"_ _0\"></span>s:<span class=\"_ _156\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _130\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs5fc\">\u2013 Male <span class=\"_ _14b\"> </span><span class=\"ff27\">26.5 y<span class=\"_ _0\"></span>rs </span></div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs5fd\">3<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws174 gs5fe\">26 .0 <span class=\"_ _4\"> </span>y rs  </div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs5ff\">3<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs600\">26.6 yr<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs601\">4<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs602\">25.8 yr<span class=\"_ _0\"></span>s </div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs603\">4<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs604\">\u2013 Fema<span class=\"_ _0\"></span>le <span class=\"_ _21b\"> </span><span class=\"ff27 ws174\">28 . 8 <span class=\"_ _4\"> </span>y rs  </span></div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs605\">3<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc3 sc0 ls21 ws5f gs606\">n<span class=\"_ _0\"></span>/a<span class=\"_ _c6\"> </span><span class=\"ff28 ls6 ws0\">28.9 yrs </span></div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs607\">4<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls16 wsc1 gs608\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs609\">1 <span class=\"_ _15\"> </span>Life e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tanc<span class=\"_ _0\"></span>y fro<span class=\"_ _0\"></span>m age 62 fo<span class=\"_ _0\"></span>r mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s age<span class=\"_ _0\"></span>d 62 in 2023.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs60a\">2 <span class=\"_ _15\"> </span>Life e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tanc<span class=\"_ _0\"></span>y fro<span class=\"_ _0\"></span>m age 62 fo<span class=\"_ _0\"></span>r mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s age<span class=\"_ _0\"></span>d 62 in 2022.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs60b\">3 <span class=\"_ _15\"> </span>Life e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tanc<span class=\"_ _0\"></span>y fro<span class=\"_ _0\"></span>m age 62 fo<span class=\"_ _0\"></span>r mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s age<span class=\"_ _0\"></span>d 45 in 2023.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs60c\">4 <span class=\"_ _15\"> </span>Life e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tanc<span class=\"_ _0\"></span>y fro<span class=\"_ _0\"></span>m age 62 fo<span class=\"_ _0\"></span>r mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s age<span class=\"_ _0\"></span>d 45 in 2022.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs60d\">The av<span class=\"_ _0\"></span>erage durat<span class=\"_ _0\"></span>ion of the b<span class=\"_ _0\"></span>enefit o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>on at the e<span class=\"_ _0\"></span>nd of the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ting per<span class=\"_ _0\"></span>iod is 1<span class=\"_ _1\"></span>5 yea<span class=\"_ _0\"></span>rs (F<span class=\"_ _0\"></span>Y 2022: 1<span class=\"_ _2\"></span>7 yea<span class=\"_ _0\"></span>rs).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs60e\">Signif<span class=\"_ _0\"></span>icant ac<span class=\"_ _0\"></span>tuaria<span class=\"_ _0\"></span>l assumpt<span class=\"_ _0\"></span>ions for the d<span class=\"_ _0\"></span>etermina<span class=\"_ _0\"></span>tion of th<span class=\"_ _0\"></span>e define<span class=\"_ _0\"></span>d benef<span class=\"_ _0\"></span>it surplus a<span class=\"_ _0\"></span>re discount rate an<span class=\"_ _0\"></span>d inflation rate. T<span class=\"_ _0\"></span>he sensi<span class=\"_ _0\"></span>tivit<span class=\"_ _0\"></span>y </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs60f\">analy<span class=\"_ _0\"></span>sis bel<span class=\"_ _0\"></span>ow has be<span class=\"_ _0\"></span>en deter<span class=\"_ _0\"></span>mined ba<span class=\"_ _0\"></span>sed on re<span class=\"_ _0\"></span>asonab<span class=\"_ _0\"></span>ly pos<span class=\"_ _0\"></span>sible cha<span class=\"_ _0\"></span>nges in th<span class=\"_ _0\"></span>e assumpt<span class=\"_ _0\"></span>ions occu<span class=\"_ _0\"></span>rring at the e<span class=\"_ _0\"></span>nd of the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ting pe<span class=\"_ _0\"></span>riod </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs610\">assuming tha<span class=\"_ _1\"></span>t all other assumpt<span class=\"_ _1\"></span>ions are held constant:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs611\">UK S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e \u2013 redu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on in fu<span class=\"_ _0\"></span>nd </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs612\">surp<span class=\"_ _0\"></span>lus as a<span class=\"_ _0\"></span>t 30 Se<span class=\"_ _0\"></span>ptemb<span class=\"_ _0\"></span>er </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs613\">Chang<span class=\"_ _0\"></span>e in ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>on<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 lsd8 wsd1 gs614\">2023<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls66 ws62 gs615\">\u00a3m</div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsda wsd4 gs616\"> 2022<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdb wsd5 gs617\">\u00a3m<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs618\">Redu<span class=\"_ _0\"></span>ce discount rate by 1<span class=\"_ _2\"></span>% p.<span class=\"_ _0\"></span>a.<span class=\"_ _262\"> </span><span class=\"ff27 lscd wse4\">7.<span class=\"_ _6\"></span>6<span class=\"_ _b7\"> </span></span>8<span class=\"_ _0\"></span>.6<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs619\">Incre<span class=\"_ _0\"></span>ase inflat<span class=\"_ _0\"></span>ion ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tions by 1<span class=\"_ _2\"></span>% p.<span class=\"_ _0\"></span>a.<span class=\"_ _263\"> </span><span class=\"ff27 ls12d ws125\">5.0<span class=\"_ _106\"> </span></span>5.8<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs61a\">Incre<span class=\"_ _0\"></span>ase life ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>y by one year<span class=\"_ _20c\"> </span><span class=\"ff27 ls7f ws70\">1.3<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs61b\">Inter-relat<span class=\"_ _0\"></span>ionship<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he assum<span class=\"_ _0\"></span>ptions, e<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cially be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en disco<span class=\"_ _0\"></span>unt rate and ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted inflat<span class=\"_ _0\"></span>ion rates<span class=\"_ _0\"></span>, are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to exi<span class=\"_ _0\"></span>st in </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs61c\">prac<span class=\"_ _0\"></span>tice. Th<span class=\"_ _0\"></span>e above anal<span class=\"_ _0\"></span>ysis d<span class=\"_ _0\"></span>oes not t<span class=\"_ _0\"></span>ake the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of thes<span class=\"_ _0\"></span>e inter<span class=\"_ _1\"></span>-<span class=\"_ _0\"></span>relatio<span class=\"_ _0\"></span>nships into account.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs61d\">Amounts recognised in<span class=\"_ _1\"></span> the balance sheet<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs61e\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs61f\">A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber<span class=\"_ _228\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _10b\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs620\">Retirement benefit assets<span class=\"_ _1c3\"> </span><span class=\"ff27 ls6 ws0\"> <span class=\"_ _163\"> </span><span class=\"ff28\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs621\">UK S<span class=\"_ _0\"></span>cheme<span class=\"_ _166\"> </span><span class=\"ff27 ls6d wsc6\">9.7<span class=\"_ _ad\"> </span></span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs622\">T<span class=\"_ _1\"></span>otal retiremen<span class=\"_ _1\"></span>t benefit ass<span class=\"_ _0\"></span>ets<span class=\"_ _264\"> </span><span class=\"ff27 ls6d wsc6\">9.7<span class=\"_ _ad\"> </span></span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs623\">Retirement benefit liabi<span class=\"_ _1\"></span>lities<span class=\"_ _265\"> </span><span class=\"ls6 ws0\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs624\">German Scheme<span class=\"_ _266\"> </span><span class=\"ff27\">(2.<span class=\"_ _0\"></span>5)<span class=\"_ _8a\"> </span></span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>2.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs625\">T<span class=\"_ _1\"></span>otal retiremen<span class=\"_ _1\"></span>t benefit liabilities<span class=\"_ _220\"> </span><span class=\"ff27\">(2.<span class=\"_ _0\"></span>5)<span class=\"_ _8a\"> </span></span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>2.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs627\">UK S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _267\"> </span><span class=\"ls8b ws81\">Combined<span class=\"_ _1\"></span> Schemes<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs628\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _10b\"> </span><span class=\"ls14e ws147\">2021<span class=\"_ _109\"> </span></span>2020<span class=\"_ _186\"> </span><span class=\"ls1a4 ws1a8\">2019<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs629\">A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber<span class=\"_ _192\"> </span><span class=\"ff27\">\u00a3m <span class=\"_ _36\"> </span></span>\u00a3m <span class=\"_ _e2\"> </span>\u00a3m <span class=\"_ _36\"> </span>\u00a3m <span class=\"_ _10d\"> </span>\u00a3m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs62a\">Pres<span class=\"_ _0\"></span>ent value of funde<span class=\"_ _0\"></span>d obligat<span class=\"_ _0\"></span>ions<span class=\"_ _250\"> </span><span class=\"ff27 ls12d ws125\">(45.<span class=\"_ _1\"></span>7)<span class=\"_ _43\"> </span><span class=\"ff28 ls7e ws76\">(49.<span class=\"_ _0\"></span>2)<span class=\"_ _184\"> </span><span class=\"ls60 ws5b\"> (<span class=\"_ _0\"></span>8<span class=\"_ _6\"></span>1.1<span class=\"_ _0\"></span>)<span class=\"_ _3f\"> </span><span class=\"ls72 ws15b\">(8<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>2)<span class=\"_ _11f\"> </span><span class=\"ls6 ws0\">(85.8)<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs62b\">Fair value of sch<span class=\"_ _0\"></span>eme\u2019s<span class=\"_ _0\"></span>/schem<span class=\"_ _0\"></span>es\u2019 as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s <span class=\"_ _268\"> </span><span class=\"ff27 ls14 ws12\">55.<span class=\"_ _0\"></span>4<span class=\"_ _8b\"> </span></span><span class=\"ls60 ws5b\">6<span class=\"_ _5\"></span>4<span class=\"_ _0\"></span>.1<span class=\"_ _102\"> </span></span> 95.3<span class=\"_ _ad\"> </span>95.7<span class=\"_ _42\"> </span><span class=\"ls7e ws76\">9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs62c\">Net a<span class=\"_ _0\"></span>sset b<span class=\"_ _0\"></span>efore de<span class=\"_ _0\"></span>ferred t<span class=\"_ _0\"></span>axati<span class=\"_ _0\"></span>on<span class=\"_ _269\"> </span><span class=\"ff27 ls6d wsc6\">9.7<span class=\"_ _ad\"> </span></span><span class=\"lsdf wsd9\">14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _102\"> </span> 14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _124\"> </span><span class=\"ls102 wsfa\">7.<span class=\"_ _0\"></span>5<span class=\"_ _10d\"> </span><span class=\"ls60 ws5b\">9<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs62d\">Relate<span class=\"_ _0\"></span>d deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span>ation lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y <span class=\"_ _26a\"> </span><span class=\"ff27 ls86 wsba\">(2<span class=\"_ _0\"></span>.4)<span class=\"_ _8a\"> </span></span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>3.7<span class=\"_ _0\"></span>)<span class=\"_ _102\"> </span><span class=\"ls9 ws7\"> (3.6)<span class=\"_ _45\"> </span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _11a\"> </span>(1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs62e\">Ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>et af<span class=\"_ _0\"></span>ter d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>tion <span class=\"_ _26b\"> </span><span class=\"fc3 lscd wse4\">7.<span class=\"_ _6\"></span>3<span class=\"_ _6a\"> </span><span class=\"ff28 lse3 wsdd\">11<span class=\"_ _0\"></span>.<span class=\"_ _5\"></span>2<span class=\"_ _d3\"> </span><span class=\"ls6 ws0\"> 1<span class=\"_ _1\"></span>0.6<span class=\"_ _db\"> </span><span class=\"ls60 ws5b\">6<span class=\"_ _6\"></span>.1<span class=\"_ _10d\"> </span><span class=\"ls102 wsfa\">7.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs62f\">Change in assu<span class=\"_ _0\"></span>mptions a<span class=\"_ _0\"></span>nd exp<span class=\"_ _0\"></span>erien<span class=\"_ _0\"></span>ce adjust<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s arising </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs630\">on sche<span class=\"_ _0\"></span>me\u2019s/s<span class=\"_ _0\"></span>cheme<span class=\"_ _0\"></span>s\u2019 liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _21b\"> </span><span class=\"ff27 ls12d ws125\">3.<span class=\"_ _0\"></span>4<span class=\"_ _42\"> </span></span><span class=\"ls6 ws0\">30.<span class=\"_ _0\"></span>8<span class=\"_ _36\"> </span><span class=\"ls7d ws100\">(0.4)<span class=\"_ _8b\"> </span><span class=\"ls29 ws26\">(<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>2)<span class=\"_ _3f\"> </span><span class=\"lsdf wsd9\">(14<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs631\">Exp<span class=\"_ _0\"></span>erience adju<span class=\"_ _1\"></span>stm<span class=\"_ _0\"></span>ents arising<span class=\"_ _1\"></span> on scheme\u2019s/schemes\u2019 asset<span class=\"_ _0\"></span>s<span class=\"_ _125\"> </span><span class=\"ff27 ls132 ws18d\">(10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _3f\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>31.<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _62\"> </span><span class=\"ls60 ws5b\">4<span class=\"_ _6\"></span>.1<span class=\"_ _d3\"> </span><span class=\"ls9 ws7\">(0.8)<span class=\"_ _102\"> </span><span class=\"ls7e ws76\">8.9<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs632\">Cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e pre<span class=\"_ _0\"></span>sent va<span class=\"_ _0\"></span>lue of t<span class=\"_ _0\"></span>he fun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ion<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs633\">UK S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs634\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs635\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs636\">Defi<span class=\"_ _0\"></span>ned be<span class=\"_ _0\"></span>nefit o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>on at be<span class=\"_ _0\"></span>ginning of year<span class=\"_ _26c\"> </span><span class=\"ff27 ls6a ws66\">(49<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2)<span class=\"_ _f1\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.1)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lse wsc gs637\">Inter<span class=\"_ _0\"></span>est co<span class=\"_ _0\"></span>st<span class=\"_ _265\"> </span><span class=\"ff27 ls86 wsba\">(2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4)<span class=\"_ _8b\"> </span></span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1c ws1a gs638\">Actuarial gains<span class=\"_ _238\"> </span><span class=\"ff27 ls12d ws125\">3.<span class=\"_ _0\"></span>4<span class=\"_ _42\"> </span></span><span class=\"ls6 ws0\">30.8<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs639\">Bene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s paid <span class=\"_ _26d\"> </span><span class=\"ff27 ls178 ws17b\">2.5<span class=\"_ _b7\"> </span></span><span class=\"lsde wsd8\">2.7<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs63a\">De<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efit o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on at en<span class=\"_ _0\"></span>d of year <span class=\"_ _26e\"> </span><span class=\"fc3 ls12d ws125\">(45.<span class=\"_ _1\"></span>7)<span class=\"_ _3c\"> </span><span class=\"ff28 ls7e ws76\">(4<span class=\"_ _0\"></span>9.2)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs63b\">Cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs63c\">UK S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs63d\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs63e\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs63f\">Fair value of sch<span class=\"_ _0\"></span>eme as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s at beg<span class=\"_ _0\"></span>inning of year<span class=\"_ _26f\"> </span><span class=\"ff27 lscd wse4\">6<span class=\"_ _6\"></span>4<span class=\"_ _5\"></span>.1<span class=\"_ _8b\"> </span></span>95.3<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs640\">Intere<span class=\"_ _0\"></span>st incom<span class=\"_ _0\"></span>e on ass<span class=\"_ _0\"></span>ets<span class=\"_ _1ca\"> </span><span class=\"ff27 ls12d ws125\">3.2<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs641\">Return o<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xcluding interes<span class=\"_ _0\"></span>t<span class=\"_ _1ed\"> </span><span class=\"ff27 ls132 ws18d\">(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _3f\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>31.<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs642\">C<span class=\"_ _1\"></span>ontributions by employer<span class=\"_ _1\"></span> <span class=\"_ _270\"> </span><span class=\"ff27 ls7f ws70\">1.0<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>0<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7 ws5 gs643\">Benefits paid<span class=\"_ _271\"> </span><span class=\"ff27 ls15 ws13\">(2.<span class=\"_ _0\"></span>5)<span class=\"_ _8a\"> </span></span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>2.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs644\">Fair valu<span class=\"_ _0\"></span>e of sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>t end o<span class=\"_ _0\"></span>f year <span class=\"_ _272\"> </span><span class=\"fc3 ls14 ws12\">55.<span class=\"_ _0\"></span>4<span class=\"_ _8b\"> </span><span class=\"ff28 ls60 ws5b\">6<span class=\"_ _5\"></span>4<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs645\">Major categories o<span class=\"_ _1\"></span>f scheme assets<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls8c ws82 gs646\">UK Scheme<span class=\"_ _75\"> </span><span class=\"ff28 ls6 ws0\">UK S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 lsd8 wsd1 gs647\">2023<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls6 ws0 gs648\">Qu<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>d </div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 lsd8 wsd1 gs649\">2023<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls100 wse1 gs64a\">Unquoted </div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 lsd8 wsd1 gs64b\">2023<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h24 ff27 fs17 fc3 sc0 ls1a1 ws1a2 gs64c\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsda wsd4 gs64d\">2022<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs64e\">Quo<span class=\"_ _0\"></span>ted </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsda wsd4 gs64f\">2022<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs650\">Unq<span class=\"_ _0\"></span>uoted </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsda wsd4 gs651\">2022<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls77 ws18e gs652\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs653\">A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber <span class=\"_ _273\"> </span><span class=\"ff27\">\u00a3m <span class=\"_ _10d\"> </span>\u00a3m <span class=\"_ _10d\"> </span><span class=\"ls66 ws62\">\u00a3m<span class=\"_ _49\"> </span></span></span>\u00a3m <span class=\"_ _36\"> </span>\u00a3m <span class=\"_ _10d\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls8 ws6 gs654\">UK equit<span class=\"_ _1\"></span>ies<span class=\"_ _274\"> </span><span class=\"ff27 ls6 ws0\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _e2\"> </span><span class=\"ff28\">\u2014<span class=\"_ _b7\"> </span>0.3<span class=\"_ _b7\"> </span>0.3<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls8 ws6 gs655\">Non-<span class=\"_ _0\"></span>UK equi<span class=\"_ _1\"></span>ties<span class=\"_ _275\"> </span><span class=\"ff27 ls6 ws0\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _e2\"> </span><span class=\"ff28\">\u2014<span class=\"_ _b7\"> </span><span class=\"ls7e ws76\">9.<span class=\"_ _0\"></span>0<span class=\"_ _b7\"> </span>9.0<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs656\">Diver<span class=\"_ _0\"></span>sifi<span class=\"_ _0\"></span>ed grow<span class=\"_ _0\"></span>th an<span class=\"_ _0\"></span>d abso<span class=\"_ _0\"></span>lute return fund<span class=\"_ _0\"></span>s</div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs657\">1<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc3 sc0 ls6 ws0 gs658\">\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _e2\"> </span><span class=\"ff28\">\u2014<span class=\"_ _ad\"> </span><span class=\"lsa6 ws9b\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _ad\"> </span>10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs659\">Liability-<span class=\"_ _0\"></span>driven inv<span class=\"_ _1\"></span>es<span class=\"_ _0\"></span>tments<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hc ff28 fs8 fc3 sc0 ls6 ws0 gs65a\">2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc3 sc0 ls17 ws14 gs65b\">40.5<span class=\"_ _10b\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _184\"> </span></span>40.5<span class=\"_ _186\"> </span><span class=\"ff28 lse1 wsdb\">19<span class=\"_ _0\"></span>.7<span class=\"_ _10b\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _45\"> </span></span>19<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs65c\">Debt instruments<span class=\"_ _276\"> </span><span class=\"ff27 ls7f ws70\">1.<span class=\"_ _0\"></span>2<span class=\"_ _8a\"> </span><span class=\"lsb ws9\">12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _8b\"> </span><span class=\"ls19 ws16\">13.<span class=\"_ _0\"></span>8<span class=\"_ _10b\"> </span></span></span></span><span class=\"ls6 ws0\">5.8<span class=\"_ _ad\"> </span><span class=\"ls70 ws6a\">16<span class=\"_ _0\"></span>.9<span class=\"_ _45\"> </span><span class=\"lsde wsd8\">2<span class=\"_ _0\"></span>2.7<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs65d\">Cash in transit<span class=\"_ _273\"> </span><span class=\"ff27\">\u2014<span class=\"_ _10b\"> </span>\u2014<span class=\"_ _62\"> </span>\u2014<span class=\"_ _ee\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>9<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _db\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls16 wsc1 gs65e\">Cash<span class=\"_ _277\"> </span><span class=\"ff27 lscd wse4\">1<span class=\"_ _0\"></span>.1<span class=\"_ _ee\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _db\"> </span></span>1<span class=\"_ _0\"></span>.1<span class=\"_ _10b\"> </span></span><span class=\"ls6 ws0\">0.<span class=\"_ _0\"></span>2<span class=\"_ _62\"> </span>\u2014<span class=\"_ _b7\"> </span>0.2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs65f\">Fair valu<span class=\"_ _0\"></span>e of sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>t end o<span class=\"_ _0\"></span>f year<span class=\"_ _278\"> </span><span class=\"fc3 ls1a5 ws1a9\">42.8<span class=\"_ _42\"> </span><span class=\"lsb ws9\">12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6<span class=\"_ _42\"> </span><span class=\"ls14 ws12\">55<span class=\"_ _0\"></span>.4<span class=\"_ _186\"> </span><span class=\"ff28 ls102 wsfa\">2<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>6<span class=\"_ _45\"> </span><span class=\"ls9 ws7\">36.5<span class=\"_ _ad\"> </span><span class=\"ls60 ws5b\">6<span class=\"_ _5\"></span>4<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs660\">1 <span class=\"_ _15\"> </span> <span class=\"_ _1c\"></span>Div<span class=\"_ _0\"></span>ersi<span class=\"_ _0\"></span>fied g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>th an<span class=\"_ _0\"></span>d abso<span class=\"_ _0\"></span>lute ret<span class=\"_ _0\"></span>urn fund<span class=\"_ _0\"></span>s are fund<span class=\"_ _0\"></span>s that inve<span class=\"_ _0\"></span>st in a w<span class=\"_ _0\"></span>ide va<span class=\"_ _0\"></span>riet<span class=\"_ _0\"></span>y of as<span class=\"_ _0\"></span>set c<span class=\"_ _0\"></span>lass<span class=\"_ _0\"></span>es in ord<span class=\"_ _0\"></span>er to de<span class=\"_ _0\"></span>liver r<span class=\"_ _0\"></span>eal ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al appr<span class=\"_ _0\"></span>eciat<span class=\"_ _0\"></span>ion ove<span class=\"_ _0\"></span>r the </div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs661\">med<span class=\"_ _0\"></span>ium to lo<span class=\"_ _0\"></span>ng term, t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>lly aimi<span class=\"_ _0\"></span>ng for a cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain leve<span class=\"_ _0\"></span>l of abs<span class=\"_ _0\"></span>olute r<span class=\"_ _0\"></span>eturn.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs662\">2 <span class=\"_ _15\"> </span> <span class=\"_ _1c\"></span>Lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>dr<span class=\"_ _0\"></span>iven inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s are a po<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s that are l<span class=\"_ _0\"></span>inked to the d<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>rs of mo<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nts in p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s such a<span class=\"_ _0\"></span>s inflati<span class=\"_ _0\"></span>on and i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>t rates<span class=\"_ _0\"></span>. </div><div class=\"t m0 h13 ff28 fs7 fc3 sc0 ls6 ws0 gs663\">Th<span class=\"_ _0\"></span>ese ar<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>ned to d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r geare<span class=\"_ _0\"></span>d move<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in the u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s as they r<span class=\"_ _0\"></span>efle<span class=\"_ _0\"></span>ct c<span class=\"_ _0\"></span>hange<span class=\"_ _0\"></span>s to infla<span class=\"_ _0\"></span>tion an<span class=\"_ _0\"></span>d intere<span class=\"_ _0\"></span>st rate<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs664\">Quote<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts are t<span class=\"_ _0\"></span>hose w<span class=\"_ _0\"></span>ith a quote<span class=\"_ _0\"></span>d price in an ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e market. Unquote<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>ets are t<span class=\"_ _0\"></span>hose w<span class=\"_ _0\"></span>hich do n<span class=\"_ _0\"></span>ot have a daily mar<span class=\"_ _0\"></span>k<span class=\"_ _1\"></span>et p<span class=\"_ _0\"></span>rice and are </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs665\">value<span class=\"_ _0\"></span>d by investm<span class=\"_ _0\"></span>ent manage<span class=\"_ _0\"></span>rs, e<span class=\"_ _0\"></span>xcept for the insuran<span class=\"_ _0\"></span>ce polici<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are valued at su<span class=\"_ _0\"></span>rrende<span class=\"_ _0\"></span>r price.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs666\">The G<span class=\"_ _0\"></span>roup do<span class=\"_ _0\"></span>es not ho<span class=\"_ _0\"></span>ld any of it<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s ow<span class=\"_ _0\"></span>n transfera<span class=\"_ _0\"></span>ble financ<span class=\"_ _0\"></span>ial instru<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s as plan as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and the p<span class=\"_ _0\"></span>lan ass<span class=\"_ _0\"></span>ets d<span class=\"_ _0\"></span>o not contain a<span class=\"_ _0\"></span>ny proper<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs667\">that are o<span class=\"_ _0\"></span>ccupied by t<span class=\"_ _0\"></span>he Group.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs669\">Am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>ncom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs66a\">UK S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs66b\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs66c\">Not<span class=\"_ _0\"></span>e <span class=\"_ _124\"> </span><span class=\"ff27\">\u00a3<span class=\"_ _0\"></span>m <span class=\"_ _10d\"> </span></span>\u00a3m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs66d\">Interes<span class=\"_ _0\"></span>t on liabilit<span class=\"_ _0\"></span>ies<span class=\"_ _279\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _109\"> </span><span class=\"ff27 ls86 wsba\">(2<span class=\"_ _0\"></span>.4)<span class=\"_ _8b\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs66e\">Intere<span class=\"_ _0\"></span>st incom<span class=\"_ _0\"></span>e on ass<span class=\"_ _0\"></span>ets <span class=\"_ _27a\"> </span> <span class=\"_ _10d\"> </span><span class=\"ff27 ls12d ws125\">3.2<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs66f\">T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>ome <span class=\"_ _238\"> </span><span class=\"fc3 ls17 ws14\">0.8<span class=\"_ _b7\"> </span></span><span class=\"ff28 fc3\">0.3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs670\">Intere<span class=\"_ _0\"></span>st on liab<span class=\"_ _0\"></span>ilities \u2013 G<span class=\"_ _0\"></span>erman S<span class=\"_ _0\"></span>cheme (s<span class=\"_ _0\"></span>ee be<span class=\"_ _0\"></span>low)<span class=\"_ _198\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs671\">T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>ome in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded i<span class=\"_ _0\"></span>n \u2018st<span class=\"_ _0\"></span>aff c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s\u2019 <span class=\"_ _27b\"> </span><span class=\"ff28 fc3\">5<span class=\"_ _106\"> </span><span class=\"ff27 ls6d wsc6\">0<span class=\"_ _0\"></span>.7<span class=\"_ _b7\"> </span></span>0.3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs672\">The tot<span class=\"_ _0\"></span>al incom<span class=\"_ _0\"></span>e include<span class=\"_ _0\"></span>d in \u2018staf<span class=\"_ _0\"></span>f cost<span class=\"_ _0\"></span>s\u2019 is inclu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin sal<span class=\"_ _0\"></span>es, marketin<span class=\"_ _0\"></span>g and adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 lsb ws0 gs673\">Gr<span class=\"_ _0\"></span>oss a<span class=\"_ _0\"></span>moun<span class=\"_ _0\"></span>ts of a<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>arial g<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>cogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ent of c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inco<span class=\"_ _0\"></span>me<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs674\">UK S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs675\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs676\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs677\">UK S<span class=\"_ _0\"></span>cheme at b<span class=\"_ _0\"></span>eginning of ye<span class=\"_ _0\"></span>ar<span class=\"_ _262\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _6\"></span>.1<span class=\"_ _13a\"> </span></span><span class=\"lsde wsd8\">3<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs678\">Los<span class=\"_ _0\"></span>s in year <span class=\"_ _27c\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _6\"></span>7.<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span></span>(0.6)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs679\">Cum<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>ve amo<span class=\"_ _0\"></span>unt at en<span class=\"_ _0\"></span>d of year<span class=\"_ _224\"> </span><span class=\"fc3 ls73 ws6d\">(3.<span class=\"_ _0\"></span>9)<span class=\"_ _102\"> </span><span class=\"ff28 ls60 ws5b\">3<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs67a\">Up to and in<span class=\"_ _0\"></span>cluding the ye<span class=\"_ _0\"></span>ar ending 3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2020 the cumulati<span class=\"_ _0\"></span>ve amount of a<span class=\"_ _0\"></span>ctuar<span class=\"_ _0\"></span>ial gains and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es on the U<span class=\"_ _0\"></span>K and Ger<span class=\"_ _0\"></span>man </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs67b\">sche<span class=\"_ _0\"></span>mes were p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d on a combin<span class=\"_ _0\"></span>ed basis an<span class=\"_ _0\"></span>d totalle<span class=\"_ _0\"></span>d a loss of \u00a31<span class=\"_ _1\"></span>6.3m. O<span class=\"_ _0\"></span>btainin<span class=\"_ _0\"></span>g a histori<span class=\"_ _0\"></span>cal spli<span class=\"_ _0\"></span>t of this balance b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>is </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs67c\">sche<span class=\"_ _0\"></span>mes was n<span class=\"_ _0\"></span>ot prac<span class=\"_ _0\"></span>tical a<span class=\"_ _0\"></span>nd therefore, fro<span class=\"_ _0\"></span>m 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _2\"></span>, follo<span class=\"_ _0\"></span>wing the p<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>hese s<span class=\"_ _0\"></span>cheme<span class=\"_ _0\"></span>s gross<span class=\"_ _0\"></span>, the indiv<span class=\"_ _0\"></span>idual </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs67d\">cumulati<span class=\"_ _0\"></span>ve effe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s were re<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>rte<span class=\"_ _0\"></span>d from \u00a3nil. The cu<span class=\"_ _0\"></span>mulative ag<span class=\"_ _0\"></span>gregate am<span class=\"_ _0\"></span>ount of ac<span class=\"_ _0\"></span>tuarial ga<span class=\"_ _0\"></span>ins and los<span class=\"_ _0\"></span>ses o<span class=\"_ _0\"></span>n the UK and G<span class=\"_ _0\"></span>erman </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs67e\">sche<span class=\"_ _0\"></span>mes at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2023 was a los<span class=\"_ _0\"></span>s of \u00a320.4m (3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2022: loss of \u00a31<span class=\"_ _2\"></span>3.5m).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs67f\">Ac<span class=\"_ _0\"></span>tuari<span class=\"_ _0\"></span>al gai<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in de<span class=\"_ _0\"></span>mogra<span class=\"_ _0\"></span>phi<span class=\"_ _0\"></span>c and fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs680\">UK S<span class=\"_ _0\"></span>chem<span class=\"_ _0\"></span>e<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs681\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs682\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs683\">Ch<span class=\"_ _1\"></span>anges in demographic assumptions<span class=\"_ _27d\"> </span><span class=\"ff27 lscd wse4\">1<span class=\"_ _0\"></span>.1<span class=\"_ _db\"> </span></span><span class=\"ls6 ws0\">0.3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs684\">Changes in financ<span class=\"_ _0\"></span>ial assumpti<span class=\"_ _0\"></span>ons<span class=\"_ _139\"> </span><span class=\"ff27 ls12d ws125\">3.5<span class=\"_ _ad\"> </span></span><span class=\"ls60 ws5b\">3<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs685\">Ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ience lo<span class=\"_ _0\"></span>sses o<span class=\"_ _0\"></span>n liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _1c6\"> </span><span class=\"ff27 ls132 ws18d\">(1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _42\"> </span></span><span class=\"ls9 ws7\">(<span class=\"_ _0\"></span>3.6)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs686\">T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>rial ga<span class=\"_ _0\"></span>ins o<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s <span class=\"_ _27e\"> </span><span class=\"fc3 ls12d ws125\">3.4<span class=\"_ _8a\"> </span></span><span class=\"ff28 fc3\">30.8<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs687\">Return o<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xcluding interes<span class=\"_ _0\"></span>t<span class=\"_ _1ed\"> </span><span class=\"ff27 ls132 ws18d\">(1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _3f\"> </span></span><span class=\"lsfb wsf5\">(<span class=\"_ _0\"></span>31.<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls8 ws6 gs688\">T<span class=\"_ _2\"></span>ot<span class=\"_ _0\"></span>al actuarial losses<span class=\"_ _1d7\"> </span><span class=\"fc3 lscd wse4\">(<span class=\"_ _0\"></span>7.<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>)<span class=\"_ _8b\"> </span><span class=\"ff28 ls6 ws0\">(0.6)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls17 ws14 gs689\">German Scheme<span class=\"_ _1\"></span> disclosures<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdd wsd7 gs68a\">German Scheme<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs68b\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs68c\">A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber<span class=\"_ _228\"> </span><span class=\"ff27\">\u00a3m <span class=\"_ _36\"> </span></span>\u00a3m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs68d\">Pres<span class=\"_ _0\"></span>ent value of funde<span class=\"_ _0\"></span>d obligat<span class=\"_ _0\"></span>ions<span class=\"_ _27f\"> </span><span class=\"ff27 ls15 ws13\">(2.<span class=\"_ _0\"></span>5)<span class=\"_ _8a\"> </span></span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>2.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs68e\">Net l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y before d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span>ation<span class=\"_ _159\"> </span><span class=\"ff27 ls15 ws13\">(2.<span class=\"_ _0\"></span>5)<span class=\"_ _8a\"> </span></span><span class=\"lsde wsd8\">(<span class=\"_ _0\"></span>2.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs68f\">Relate<span class=\"_ _0\"></span>d deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span>ation as<span class=\"_ _0\"></span>set <span class=\"_ _fe\"> </span><span class=\"ff27 ls17 ws14\">0.4<span class=\"_ _b7\"> </span></span><span class=\"lsde wsd8\">0<span class=\"_ _0\"></span>.7<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs690\">Ne<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y af<span class=\"_ _0\"></span>ter d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>tion <span class=\"_ _1da\"> </span><span class=\"fc3 lscd wse4\">(<span class=\"_ _0\"></span>2<span class=\"_ _5\"></span>.1)<span class=\"_ _8b\"> </span><span class=\"ff28 ls29 ws26\">(<span class=\"_ _0\"></span>2.0<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs691\">Change in assu<span class=\"_ _0\"></span>mptions a<span class=\"_ _0\"></span>nd exp<span class=\"_ _0\"></span>erien<span class=\"_ _0\"></span>ce adjust<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s arising on s<span class=\"_ _0\"></span>cheme\u2019s liabili<span class=\"_ _0\"></span>ties<span class=\"_ _7f\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _0\"></span>.1<span class=\"_ _db\"> </span></span>0.8<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs692\">Cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e pre<span class=\"_ _0\"></span>sent va<span class=\"_ _0\"></span>lue of t<span class=\"_ _0\"></span>he fun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d obli<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ion<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdd wsd7 gs693\">German Scheme<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs694\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs695\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs696\">Obli<span class=\"_ _0\"></span>gations at b<span class=\"_ _0\"></span>eginning o<span class=\"_ _0\"></span>f year<span class=\"_ _25c\"> </span><span class=\"ff27 ls6d wsc6\">(2<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>)<span class=\"_ _42\"> </span></span><span class=\"ls9 ws7\">(3.5)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1c ws1a gs697\">Exchange gain<span class=\"_ _0\"></span>/(los<span class=\"_ _0\"></span>s)<span class=\"_ _1\"></span> on op<span class=\"_ _0\"></span>ening obligations<span class=\"_ _225\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _186\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 lse wsc gs698\">Inter<span class=\"_ _0\"></span>est co<span class=\"_ _0\"></span>st<span class=\"_ _27c\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _13a\"> </span></span><span class=\"ls6 ws0\">\u2014<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls1c ws1a gs699\">Actuarial gains<span class=\"_ _280\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _db\"> </span></span><span class=\"ls6 ws0\">0.8<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs69a\">Bene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s paid <span class=\"_ _281\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _124\"> </span></span><span class=\"ls60 ws5b\">0<span class=\"_ _0\"></span>.1<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs69b\">De<span class=\"_ _0\"></span>fine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efit o<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on at en<span class=\"_ _0\"></span>d of year <span class=\"_ _282\"> </span><span class=\"fc3 ls15 ws13\">(2.<span class=\"_ _0\"></span>5)<span class=\"_ _8a\"> </span><span class=\"ff28 lsde wsd8\">(<span class=\"_ _0\"></span>2.7<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs69d\">Cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdd wsd7 gs69e\">German Scheme<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs69f\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs6a0\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6a1\">A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts at b<span class=\"_ _0\"></span>eginning of yea<span class=\"_ _0\"></span>r <span class=\"_ _1e6\"> </span><span class=\"ff27\">\u2014<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>6<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6a2\">Excha<span class=\"_ _0\"></span>nge gain on o<span class=\"_ _0\"></span>pening a<span class=\"_ _0\"></span>sset<span class=\"_ _0\"></span>s<span class=\"_ _262\"> </span><span class=\"ff27\">\u2014<span class=\"_ _db\"> </span></span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7 ws5 gs6a3\">Benefits paid<span class=\"_ _283\"> </span><span class=\"ff27 ls6 ws0\">\u2014<span class=\"_ _109\"> </span></span><span class=\"ls60 ws5b\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs6a4\">A<span class=\"_ _0\"></span>ssets distributed to employer<span class=\"_ _284\"> </span><span class=\"ff27 ls6 ws0\">\u2014<span class=\"_ _d3\"> </span></span><span class=\"lsfb wsf5\">(1.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs6a5\">Fair valu<span class=\"_ _0\"></span>e of sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>t end o<span class=\"_ _0\"></span>f year <span class=\"_ _1c8\"> </span><span class=\"fc3\">\u2014<span class=\"_ _10b\"> </span><span class=\"ff28\">\u2014<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6a6\">Pri<span class=\"_ _0\"></span>or to maturit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, th<span class=\"_ _0\"></span>e schem<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts we<span class=\"_ _0\"></span>re all held as un<span class=\"_ _0\"></span>quoted insuran<span class=\"_ _0\"></span>ce polici<span class=\"_ _0\"></span>es.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6a7\">The tot<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pense in<span class=\"_ _0\"></span>cluded in \u2018s<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f cost<span class=\"_ _0\"></span>s\u2019 in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of the Ge<span class=\"_ _0\"></span>rman Sch<span class=\"_ _0\"></span>eme were \u00a30.<span class=\"_ _2\"></span>1m (F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: le<span class=\"_ _0\"></span>ss than \u00a30.<span class=\"_ _2\"></span>1m<span class=\"_ _1\"></span>), which is i<span class=\"_ _0\"></span>nclude<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs6a8\">within sales, mark<span class=\"_ _1\"></span>eting and admin<span class=\"_ _1\"></span>istrative expenses<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6a9\">The g<span class=\"_ _0\"></span>ross am<span class=\"_ _0\"></span>ount of ac<span class=\"_ _0\"></span>tuarial gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses re<span class=\"_ _0\"></span>cognise<span class=\"_ _0\"></span>d in the Consoli<span class=\"_ _0\"></span>dated st<span class=\"_ _0\"></span>atement of co<span class=\"_ _0\"></span>mprehe<span class=\"_ _0\"></span>nsive incom<span class=\"_ _0\"></span>e in respe<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6aa\">sche<span class=\"_ _0\"></span>me was a gain of \u00a30.<span class=\"_ _2\"></span>1m.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdd wsd7 gs6ab\">German Scheme<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs6ac\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs6ad\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6ae\">Ger<span class=\"_ _0\"></span>man Schem<span class=\"_ _0\"></span>e at the b<span class=\"_ _0\"></span>eginning of th<span class=\"_ _0\"></span>e year<span class=\"_ _22d\"> </span><span class=\"ff27 ls7f ws70\">1.6<span class=\"_ _b7\"> </span></span>0.8<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6af\">Move<span class=\"_ _0\"></span>ment in year <span class=\"_ _285\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _db\"> </span></span>0.8<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs6b0\">Cum<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>ve amo<span class=\"_ _0\"></span>unt at en<span class=\"_ _0\"></span>d of year<span class=\"_ _27d\"> </span><span class=\"fc3 ls7f ws70\">1.7<span class=\"_ _db\"> </span></span><span class=\"ff28 fc3\">1<span class=\"_ _1\"></span>.6 </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs6b1\">Ac<span class=\"_ _0\"></span>tuari<span class=\"_ _0\"></span>al gai<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in de<span class=\"_ _0\"></span>mogra<span class=\"_ _0\"></span>phi<span class=\"_ _0\"></span>c and fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdd wsd7 gs6b2\">German Scheme<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs6b3\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs6b4\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs6b5\">Ch<span class=\"_ _1\"></span>anges in demographic assumptions<span class=\"_ _159\"> </span><span class=\"ff27 ls6 ws0\">\u2014<span class=\"_ _62\"> </span><span class=\"ff28\">\u2014<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs6b6\">Changes in financ<span class=\"_ _0\"></span>ial assumpti<span class=\"_ _0\"></span>ons<span class=\"_ _220\"> </span><span class=\"ff27 lscd wse4\">(<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _102\"> </span></span><span class=\"ls6 ws0\">0.8<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6b7\">Ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ience gains o<span class=\"_ _0\"></span>n liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _153\"> </span><span class=\"ff27 ls17 ws14\">0.2<span class=\"_ _10b\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs6b8\">T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>rial ga<span class=\"_ _0\"></span>ins o<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s <span class=\"_ _1fc\"> </span><span class=\"fc3 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _db\"> </span></span><span class=\"ff28 fc3\">0.8</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "Defined cont<span class=\"_ _1\"></span>ribution pension<span class=\"_ _1\"></span> schemes<span class=\"_ _2cb\"> </span>Obli<span class=\"_ _0\"></span>gations for co<span class=\"_ _0\"></span>ntribut<span class=\"_ _0\"></span>ions to def<span class=\"_ _0\"></span>ined contri<span class=\"_ _0\"></span>bution p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n schem<span class=\"_ _0\"></span>es are reco<span class=\"_ _0\"></span>gnised a<span class=\"_ _0\"></span>s an exp<span class=\"_ _0\"></span>ense in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent as incurre<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>Defined benefit pension schemes<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s asset an<span class=\"_ _0\"></span>d obligat<span class=\"_ _0\"></span>ion in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of defi<span class=\"_ _0\"></span>ned ben<span class=\"_ _0\"></span>efit pe<span class=\"_ _0\"></span>nsion s<span class=\"_ _0\"></span>chemes r<span class=\"_ _0\"></span>ecognis<span class=\"_ _0\"></span>ed in the b<span class=\"_ _0\"></span>alance she<span class=\"_ _0\"></span>et is the pre<span class=\"_ _0\"></span>sent valu<span class=\"_ _0\"></span>e of the futu<span class=\"_ _0\"></span>re benef<span class=\"_ _0\"></span>its th<span class=\"_ _0\"></span>at employe<span class=\"_ _0\"></span>es have ear<span class=\"_ _0\"></span>ned in retur<span class=\"_ _0\"></span>n for their s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice in the c<span class=\"_ _0\"></span>urrent and pr<span class=\"_ _0\"></span>ior pe<span class=\"_ _0\"></span>riods<span class=\"_ _0\"></span>, less t<span class=\"_ _0\"></span>he fair value of pla<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. The d<span class=\"_ _0\"></span>efined b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>t and oblig<span class=\"_ _0\"></span>ation are c<span class=\"_ _0\"></span>alculate<span class=\"_ _0\"></span>d by indep<span class=\"_ _0\"></span>endent a<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>ries usin<span class=\"_ _0\"></span>g the proje<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d unit cred<span class=\"_ _0\"></span>it metho<span class=\"_ _0\"></span>d. The pres<span class=\"_ _0\"></span>ent value of th<span class=\"_ _0\"></span>e define<span class=\"_ _0\"></span>d benef<span class=\"_ _0\"></span>it ass<span class=\"_ _0\"></span>et and ob<span class=\"_ _0\"></span>ligation i<span class=\"_ _0\"></span>s determi<span class=\"_ _0\"></span>ned by dis<span class=\"_ _0\"></span>counting the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d future cas<span class=\"_ _0\"></span>h out<span class=\"_ _0\"></span>flows u<span class=\"_ _0\"></span>sing interes<span class=\"_ _0\"></span>t rates of high q<span class=\"_ _0\"></span>ualit<span class=\"_ _0\"></span>y corpo<span class=\"_ _0\"></span>rate bonds t<span class=\"_ _0\"></span>hat are den<span class=\"_ _0\"></span>ominated in th<span class=\"_ _0\"></span>e currenc<span class=\"_ _0\"></span>y in wh<span class=\"_ _0\"></span>ich the b<span class=\"_ _0\"></span>enefit<span class=\"_ _0\"></span>s will b<span class=\"_ _0\"></span>e paid and have te<span class=\"_ _0\"></span>rms to maturit<span class=\"_ _0\"></span>y approx<span class=\"_ _0\"></span>imating to the te<span class=\"_ _0\"></span>rms of the re<span class=\"_ _0\"></span>lated pens<span class=\"_ _0\"></span>ion liabili<span class=\"_ _0\"></span>ty.<span class=\"_ _2cb\"> </span>Whe<span class=\"_ _0\"></span>n the cal<span class=\"_ _0\"></span>culatio<span class=\"_ _0\"></span>n result<span class=\"_ _0\"></span>s in a bene<span class=\"_ _0\"></span>fit to the Grou<span class=\"_ _0\"></span>p, the recogni<span class=\"_ _0\"></span>sed as<span class=\"_ _0\"></span>set is th<span class=\"_ _0\"></span>e present va<span class=\"_ _0\"></span>lue of econ<span class=\"_ _0\"></span>omic be<span class=\"_ _0\"></span>nefit<span class=\"_ _0\"></span>s availabl<span class=\"_ _0\"></span>e in the form of any futur<span class=\"_ _0\"></span>e refunds from t<span class=\"_ _0\"></span>he plan or re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tions in futu<span class=\"_ _0\"></span>re contribut<span class=\"_ _0\"></span>ions to the p<span class=\"_ _0\"></span>lan. In ord<span class=\"_ _0\"></span>er to calcul<span class=\"_ _0\"></span>ate the pres<span class=\"_ _0\"></span>ent value of econ<span class=\"_ _0\"></span>omic be<span class=\"_ _0\"></span>nefit<span class=\"_ _0\"></span>s, consid<span class=\"_ _0\"></span>eratio<span class=\"_ _0\"></span>n is given to any minimu<span class=\"_ _0\"></span>m funding requ<span class=\"_ _0\"></span>irement<span class=\"_ _0\"></span>s that app<span class=\"_ _0\"></span>ly<span class=\"_ _1\"></span>. A<span class=\"_ _0\"></span>n econo<span class=\"_ _0\"></span>mic ben<span class=\"_ _0\"></span>efit is availa<span class=\"_ _0\"></span>ble to the Group if i<span class=\"_ _0\"></span>t is realisa<span class=\"_ _0\"></span>ble durin<span class=\"_ _0\"></span>g the life of the p<span class=\"_ _0\"></span>lan or on se<span class=\"_ _0\"></span>ttl<span class=\"_ _0\"></span>ement of th<span class=\"_ _0\"></span>e plan liabili<span class=\"_ _0\"></span>ties. W<span class=\"_ _0\"></span>hen th<span class=\"_ _0\"></span>e bene<span class=\"_ _0\"></span>fits of a p<span class=\"_ _0\"></span>lan are improv<span class=\"_ _0\"></span>ed, the po<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ion of the in<span class=\"_ _0\"></span>crease<span class=\"_ _0\"></span>d bene<span class=\"_ _0\"></span>fit relatin<span class=\"_ _0\"></span>g to past s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice by emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s is recogni<span class=\"_ _0\"></span>sed in prof<span class=\"_ _0\"></span>it or los<span class=\"_ _0\"></span>s on a stra<span class=\"_ _0\"></span>ight line basi<span class=\"_ _0\"></span>s over the avera<span class=\"_ _0\"></span>ge per<span class=\"_ _0\"></span>iod until th<span class=\"_ _0\"></span>e benef<span class=\"_ _0\"></span>its b<span class=\"_ _0\"></span>ecom<span class=\"_ _0\"></span>e veste<span class=\"_ _0\"></span>d. T<span class=\"_ _1\"></span>o the ex<span class=\"_ _0\"></span>tent that t<span class=\"_ _0\"></span>he bene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s vest imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the e<span class=\"_ _0\"></span>xpens<span class=\"_ _0\"></span>e is recog<span class=\"_ _0\"></span>nised in profit o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>Ac<span class=\"_ _0\"></span>tuarial gains a<span class=\"_ _0\"></span>nd los<span class=\"_ _0\"></span>ses are imm<span class=\"_ _0\"></span>ediatel<span class=\"_ _0\"></span>y recogni<span class=\"_ _0\"></span>sed in full th<span class=\"_ _0\"></span>rough the Conso<span class=\"_ _0\"></span>lidated s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of compreh<span class=\"_ _0\"></span>ensive inco<span class=\"_ _0\"></span>me.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "18. T<span class=\"_ _2\"></span>rad<span class=\"_ _0\"></span>e and othe<span class=\"_ _0\"></span>r pay<span class=\"_ _1\"></span>ab<span class=\"_ _0\"></span>les<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>rade p<span class=\"_ _0\"></span>ayables a<span class=\"_ _0\"></span>re obligat<span class=\"_ _0\"></span>ions to pay for g<span class=\"_ _0\"></span>oods a<span class=\"_ _0\"></span>cquired in th<span class=\"_ _0\"></span>e ordinar<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess from su<span class=\"_ _0\"></span>pplier<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other paya<span class=\"_ _0\"></span>bles are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed initial<span class=\"_ _0\"></span>ly at fair value. Subs<span class=\"_ _0\"></span>equent to ini<span class=\"_ _0\"></span>tial reco<span class=\"_ _0\"></span>gnition t<span class=\"_ _0\"></span>hey are mea<span class=\"_ _0\"></span>sured at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ised cos<span class=\"_ _0\"></span>t using the effecti<span class=\"_ _0\"></span>ve i<span class=\"_ _1\"></span>nterest method.<span class=\"_ _2cb\"> </span>Group<span class=\"_ _125\"> </span><span class=\"ls151 ws14a\">C<span class=\"_ _1\"></span>ompany<span class=\"_ _2cb\"> </span></span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _124\"> </span></span>2023<span class=\"_ _109\"> </span><span class=\"ff28 lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span>A<span class=\"_ _0\"></span>s at 30 Se<span class=\"_ _0\"></span>ptem<span class=\"_ _0\"></span>ber<span class=\"_ _15a\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _10b\"> </span></span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _49\"> </span><span class=\"ff27 ls66 ws62\">\u00a3m<span class=\"_ _10b\"> </span></span>\u00a3m<span class=\"_ _2cb\"> </span></span>T<span class=\"_ _1\"></span>rade p<span class=\"_ _0\"></span>ayables <span class=\"_ _23c\"> </span><span class=\"ff27 lscd wse4\">7.<span class=\"_ _6\"></span>6<span class=\"_ _124\"> </span></span><span class=\"ls102 wsfa\">7.<span class=\"_ _6\"></span>3<span class=\"_ _d2\"> </span></span><span class=\"ff27\">\u2014<span class=\"_ _10b\"> </span></span>\u2014 Accruals <span class=\"_ _286\"> </span><span class=\"ff27 ls12d ws125\">22.<span class=\"_ _0\"></span>2<span class=\"_ _8b\"> </span></span><span class=\"ls60 ws5b\">4<span class=\"_ _5\"></span>0<span class=\"_ _0\"></span>.1<span class=\"_ _90\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _0\"></span>.1<span class=\"_ _124\"> </span></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span>Other <span class=\"_ _287\"> </span><span class=\"ff27 lsfa wsf4\">4.3<span class=\"_ _8b\"> </span></span><span class=\"lse2 wsdc\">12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _d2\"> </span><span class=\"ff27 ls6 ws0\">\u2014<span class=\"_ _10b\"> </span><span class=\"ff28\">\u2014</span></span></span> <span class=\"_ _1d1\"> </span><span class=\"ff27 lscd wse4\">3<span class=\"_ _0\"></span>4<span class=\"_ _5\"></span>.1<span class=\"_ _45\"> </span></span><span class=\"lsde wsd8\">59<span class=\"_ _0\"></span>.7<span class=\"_ _10b\"> </span><span class=\"ff27 lscd wse4\">0<span class=\"_ _6\"></span>.1<span class=\"_ _124\"> </span></span><span class=\"ls60 ws5b\">0<span class=\"_ _6\"></span>.1<span class=\"_ _2cb\"> </span></span></span>The fair va<span class=\"_ _0\"></span>lue of trad<span class=\"_ _0\"></span>e and other p<span class=\"_ _0\"></span>ayables a<span class=\"_ _0\"></span>pproximate<span class=\"_ _0\"></span>s to their c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ying valu<span class=\"_ _0\"></span>e. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "T<span class=\"_ _1\"></span>rade p<span class=\"_ _0\"></span>ayables a<span class=\"_ _0\"></span>re obligat<span class=\"_ _0\"></span>ions to pay for g<span class=\"_ _0\"></span>oods a<span class=\"_ _0\"></span>cquired in th<span class=\"_ _0\"></span>e ordinar<span class=\"_ _0\"></span>y cour<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess from su<span class=\"_ _0\"></span>pplier<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>rade an<span class=\"_ _0\"></span>d other paya<span class=\"_ _0\"></span>bles are re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>ed initial<span class=\"_ _0\"></span>ly at fair value. Subs<span class=\"_ _0\"></span>equent to ini<span class=\"_ _0\"></span>tial reco<span class=\"_ _0\"></span>gnition t<span class=\"_ _0\"></span>hey are mea<span class=\"_ _0\"></span>sured at amo<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>ised cos<span class=\"_ _0\"></span>t using the effecti<span class=\"_ _0\"></span>ve i<span class=\"_ _1\"></span>nterest method.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "19<span class=\"_ _1\"></span>. L<span class=\"_ _0\"></span>ease lia<span class=\"_ _0\"></span>bilities<span class=\"_ _2cb\"> </span>Leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _2cb\"> </span>Afte<span class=\"_ _0\"></span>r the comme<span class=\"_ _0\"></span>ncement da<span class=\"_ _0\"></span>te, the amount of le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>ilities i<span class=\"_ _0\"></span>s increase<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e accretio<span class=\"_ _0\"></span>n of interes<span class=\"_ _0\"></span>t and reduce<span class=\"_ _0\"></span>d for the lea<span class=\"_ _0\"></span>se paym<span class=\"_ _0\"></span>ents ma<span class=\"_ _0\"></span>de.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup has ele<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted not to reco<span class=\"_ _0\"></span>gnise RO<span class=\"_ _0\"></span>U ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d lease lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s for shor<span class=\"_ _0\"></span>t-term le<span class=\"_ _0\"></span>ases t<span class=\"_ _0\"></span>hat have a leas<span class=\"_ _0\"></span>e term of 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs or les<span class=\"_ _0\"></span>s and tho<span class=\"_ _0\"></span>se lea<span class=\"_ _0\"></span>ses of low<span class=\"_ _0\"></span>-valu<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Payment<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>sociate<span class=\"_ _0\"></span>d with sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t-term leas<span class=\"_ _0\"></span>es and le<span class=\"_ _0\"></span>ases of l<span class=\"_ _0\"></span>ow-va<span class=\"_ _0\"></span>lue ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>re recogni<span class=\"_ _0\"></span>sed on a strai<span class=\"_ _0\"></span>ght line basis a<span class=\"_ _0\"></span>s an exp<span class=\"_ _0\"></span>ense in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. Shor<span class=\"_ _0\"></span>t-term le<span class=\"_ _0\"></span>ases ar<span class=\"_ _0\"></span>e lease<span class=\"_ _0\"></span>s with a l<span class=\"_ _0\"></span>ease ter<span class=\"_ _0\"></span>m of 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths or le<span class=\"_ _0\"></span>ss that d<span class=\"_ _0\"></span>o not contain a p<span class=\"_ _0\"></span>urchase o<span class=\"_ _0\"></span>ption. Lo<span class=\"_ _0\"></span>w-va<span class=\"_ _0\"></span>lue ass<span class=\"_ _0\"></span>ets ma<span class=\"_ _0\"></span>inly compr<span class=\"_ _0\"></span>ise of<span class=\"_ _0\"></span>fice equi<span class=\"_ _0\"></span>pment.<span class=\"_ _2cb\"> </span>Leas<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>ies are init<span class=\"_ _0\"></span>ially me<span class=\"_ _0\"></span>asured at the<span class=\"_ _0\"></span>ir prese<span class=\"_ _0\"></span>nt value, which in<span class=\"_ _0\"></span>cludes t<span class=\"_ _0\"></span>he follow<span class=\"_ _0\"></span>ing leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts: fi<span class=\"_ _0\"></span>xed paym<span class=\"_ _0\"></span>ents (i<span class=\"_ _0\"></span>ncluding in<span class=\"_ _0\"></span>-<span class=\"_ _2cb\"> </span>subs<span class=\"_ _0\"></span>tance fi<span class=\"_ _0\"></span>xed paym<span class=\"_ _0\"></span>ents), les<span class=\"_ _0\"></span>s any lease i<span class=\"_ _0\"></span>ncentive<span class=\"_ _0\"></span>s receiva<span class=\"_ _0\"></span>ble; variabl<span class=\"_ _0\"></span>e lease p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s that are b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n an index o<span class=\"_ _0\"></span>r a rate (using the inde<span class=\"_ _0\"></span>x or rate in place at t<span class=\"_ _0\"></span>ransitio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>); am<span class=\"_ _0\"></span>ounts e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to be payab<span class=\"_ _0\"></span>le by the Gro<span class=\"_ _0\"></span>up under re<span class=\"_ _0\"></span>sidual valu<span class=\"_ _0\"></span>e guarantees; th<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>e price of a purchas<span class=\"_ _0\"></span>e optio<span class=\"_ _0\"></span>n if the Group i<span class=\"_ _0\"></span>s reasona<span class=\"_ _0\"></span>bly cer<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n to exercise t<span class=\"_ _0\"></span>hat optio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>; p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s of pena<span class=\"_ _0\"></span>lties for te<span class=\"_ _0\"></span>rminating th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e, if the leas<span class=\"_ _0\"></span>e term ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>he Group e<span class=\"_ _0\"></span>xercising that o<span class=\"_ _0\"></span>ption; and pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to be mad<span class=\"_ _0\"></span>e under rea<span class=\"_ _0\"></span>sonabl<span class=\"_ _0\"></span>y cer<span class=\"_ _0\"></span>tain ex<span class=\"_ _0\"></span>tensi<span class=\"_ _0\"></span>on opti<span class=\"_ _0\"></span>ons. Le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>ilities an<span class=\"_ _0\"></span>d the cor<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>nding right of us<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>et are subs<span class=\"_ _0\"></span>equentl<span class=\"_ _0\"></span>y remeasu<span class=\"_ _0\"></span>red whe<span class=\"_ _0\"></span>re there is a chang<span class=\"_ _0\"></span>e in future le<span class=\"_ _0\"></span>ase pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s resulting fr<span class=\"_ _0\"></span>om a rent revi<span class=\"_ _0\"></span>ew or chang<span class=\"_ _0\"></span>e in index o<span class=\"_ _0\"></span>r rate.<span class=\"_ _2cb\"> </span>The l<span class=\"_ _0\"></span>ease p<span class=\"_ _0\"></span>ayment<span class=\"_ _0\"></span>s are disco<span class=\"_ _0\"></span>unted using th<span class=\"_ _0\"></span>e Group\u2019s increment<span class=\"_ _0\"></span>al bor<span class=\"_ _0\"></span>rowing rate. Eac<span class=\"_ _0\"></span>h lease p<span class=\"_ _0\"></span>ayment is a<span class=\"_ _0\"></span>lloca<span class=\"_ _0\"></span>ted bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the prin<span class=\"_ _0\"></span>cipal and finan<span class=\"_ _0\"></span>ce cost. T<span class=\"_ _0\"></span>he finance co<span class=\"_ _0\"></span>st is charg<span class=\"_ _0\"></span>ed to the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement ove<span class=\"_ _0\"></span>r the leas<span class=\"_ _0\"></span>e peri<span class=\"_ _0\"></span>od so as to p<span class=\"_ _0\"></span>roduce a cons<span class=\"_ _0\"></span>tant p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>ic rate of interes<span class=\"_ _0\"></span>t on the rem<span class=\"_ _0\"></span>aining balan<span class=\"_ _0\"></span>ce of the leas<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>y for ea<span class=\"_ _0\"></span>ch peri<span class=\"_ _0\"></span>od.<span class=\"_ _2cb\"> </span>Leas<span class=\"_ _0\"></span>e liabilit<span class=\"_ _0\"></span>ies reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at 30 Se<span class=\"_ _0\"></span>ptember a<span class=\"_ _0\"></span>re as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Leas<span class=\"_ _0\"></span>e liabilities<span class=\"_ _288\"> </span><span class=\"ff28 fc3 ls6 ws0\"> </span>Balance a<span class=\"_ _0\"></span>t 1 Oc<span class=\"_ _0\"></span>tober 2021<span class=\"_ _289\"> </span><span class=\"lsa6 ws9b\">10<span class=\"_ _0\"></span>.0<span class=\"_ _2cb\"> </span></span>Additions<span class=\"_ _28a\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span>Payme<span class=\"_ _0\"></span>nts <span class=\"_ _28b\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>Interes<span class=\"_ _0\"></span>t on leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _27c\"> </span><span class=\"ls6 ws0\">0.2<span class=\"_ _2cb\"> </span></span>Balance a<span class=\"_ _0\"></span>t 30 Septe<span class=\"_ _0\"></span>mber 2022<span class=\"_ _28c\"> </span><span class=\"ls7e ws76\">9.6<span class=\"_ _2cb\"> </span></span>Additions<span class=\"_ _28d\"> </span><span class=\"ls9 ws7\">3.0<span class=\"_ _2cb\"> </span></span>Payme<span class=\"_ _0\"></span>nts <span class=\"_ _28b\"> </span><span class=\"ls60 ws5b\">(<span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span>Interes<span class=\"_ _0\"></span>t on leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _27c\"> </span><span class=\"ls6 ws0\">0.2<span class=\"_ _2cb\"> </span></span>Dispos<span class=\"_ _0\"></span>als<span class=\"_ _28e\"> </span><span class=\"ls72 ws15b\">(0.<span class=\"_ _0\"></span>2)<span class=\"_ _2cb\"> </span></span>Ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e at 30 S<span class=\"_ _0\"></span>epte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _28f\"> </span><span class=\"fc3 ls9 ws7\">10.<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span>The m<span class=\"_ _0\"></span>aturit<span class=\"_ _0\"></span>y of thes<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabiliti<span class=\"_ _0\"></span>es at 30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er is as follow<span class=\"_ _0\"></span>s:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>2022<span class=\"_ _2cb\"> </span>\u00a3m<span class=\"_ _2cb\"> </span>Due w<span class=\"_ _0\"></span>ithin one ye<span class=\"_ _0\"></span>ar<span class=\"_ _235\"> </span><span class=\"ff27 ls7f ws70\">1.6<span class=\"_ _db\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>8<span class=\"_ _2cb\"> </span></span>Due b<span class=\"_ _0\"></span>etw<span class=\"_ _0\"></span>een t<span class=\"_ _0\"></span>wo and fi<span class=\"_ _0\"></span>ve years<span class=\"_ _290\"> </span><span class=\"ff27 ls12d ws125\">5.0<span class=\"_ _106\"> </span></span><span class=\"ls9 ws7\">3.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span>Due af<span class=\"_ _0\"></span>ter fiv<span class=\"_ _0\"></span>e years <span class=\"_ _291\"> </span><span class=\"ff27 lsc wsa\">3.9<span class=\"_ _106\"> </span></span><span class=\"ls9 ws7\">4<span class=\"_ _0\"></span>.5<span class=\"_ _2cb\"> </span></span>To<span class=\"_ _0\"></span>t<span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _292\"> </span><span class=\"fc3 ls9 ws7\">10.<span class=\"_ _0\"></span>5<span class=\"_ _b7\"> </span><span class=\"ff28 ls7e ws76\">9.6</span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "20. Contingent l<span class=\"_ _1\"></span>iabilities<span class=\"_ _2cb\"> </span>Contingent<span class=\"_ _1\"></span> liabilities<span class=\"_ _2cb\"> </span>Contingent liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>re potential fu<span class=\"_ _0\"></span>ture cash o<span class=\"_ _0\"></span>utf<span class=\"_ _0\"></span>lows, w<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e likelihood of p<span class=\"_ _0\"></span>ayment is co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d more than re<span class=\"_ _0\"></span>mote but is not consid<span class=\"_ _0\"></span>ered pro<span class=\"_ _0\"></span>bable o<span class=\"_ _0\"></span>r cannot b<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d reliably.<span class=\"_ _2cb\"> </span>At 30 Septe<span class=\"_ _0\"></span>mber 2023, the Gro<span class=\"_ _0\"></span>up had no contin<span class=\"_ _0\"></span>gent liabili<span class=\"_ _0\"></span>ties (3<span class=\"_ _0\"></span>0 Septem<span class=\"_ _0\"></span>ber 2022: none).<span class=\"_ _2cb\"> </span>The Comp<span class=\"_ _0\"></span>any guarantees t<span class=\"_ _0\"></span>he RM<span class=\"_ _0\"></span>B loan facilit<span class=\"_ _0\"></span>y in P<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>Y<span class=\"_ _0\"></span>X (s<span class=\"_ _0\"></span>ee note 1<span class=\"_ _1\"></span>5). In ad<span class=\"_ _0\"></span>dition t<span class=\"_ _0\"></span>he Company has a guarante<span class=\"_ _0\"></span>e in favour of Barclay<span class=\"_ _0\"></span>s Bank PLC (the \u2018ban<span class=\"_ _0\"></span>k\u2019) to cover any lia<span class=\"_ _0\"></span>bilitie<span class=\"_ _0\"></span>s due to the ba<span class=\"_ _0\"></span>nk by the Company and it<span class=\"_ _0\"></span>s fellow U<span class=\"_ _0\"></span>K subsidiar<span class=\"_ _0\"></span>ies up to a ma<span class=\"_ _0\"></span>ximum valu<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2m (30 Se<span class=\"_ _0\"></span>ptember 2022: sam<span class=\"_ _0\"></span>e)<span class=\"_ _1\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "Contingent<span class=\"_ _1\"></span> liabilities<span class=\"_ _2cb\"> </span>Contingent liab<span class=\"_ _0\"></span>ilities a<span class=\"_ _0\"></span>re potential fu<span class=\"_ _0\"></span>ture cash o<span class=\"_ _0\"></span>utf<span class=\"_ _0\"></span>lows, w<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e likelihood of p<span class=\"_ _0\"></span>ayment is co<span class=\"_ _0\"></span>nsidere<span class=\"_ _0\"></span>d more than re<span class=\"_ _0\"></span>mote but is not consid<span class=\"_ _0\"></span>ered pro<span class=\"_ _0\"></span>bable o<span class=\"_ _0\"></span>r cannot b<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d reliably.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "2<span class=\"_ _1\"></span>1. Sha<span class=\"_ _1\"></span>re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based paymen<span class=\"_ _1\"></span>ts<span class=\"_ _2cb\"> </span>Sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee sh<span class=\"_ _0\"></span>are own<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ship t<span class=\"_ _0\"></span>rus<span class=\"_ _0\"></span>ts (\u2018<span class=\"_ _0\"></span>ESOT<span class=\"_ _0\"></span>\u2019)<span class=\"_ _2cb\"> </span>The fair va<span class=\"_ _0\"></span>lue of the em<span class=\"_ _0\"></span>ployee s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s receive<span class=\"_ _0\"></span>d in exchang<span class=\"_ _0\"></span>e for the grant of th<span class=\"_ _0\"></span>e options i<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed as an e<span class=\"_ _0\"></span>xpen<span class=\"_ _0\"></span>se with a corre<span class=\"_ _0\"></span>spondi<span class=\"_ _0\"></span>ng increas<span class=\"_ _0\"></span>e in equit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Shar<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons are rec<span class=\"_ _0\"></span>harged fro<span class=\"_ _0\"></span>m the Company to tho<span class=\"_ _0\"></span>se subsid<span class=\"_ _0\"></span>iaries b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ting from the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice of t<span class=\"_ _0\"></span>he emplo<span class=\"_ _0\"></span>yees to wh<span class=\"_ _0\"></span>om opti<span class=\"_ _0\"></span>ons are granted.<span class=\"_ _2cb\"> </span>The tot<span class=\"_ _0\"></span>al amou<span class=\"_ _0\"></span>nt to be exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>d over the ves<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>eriod is d<span class=\"_ _0\"></span>etermin<span class=\"_ _0\"></span>ed by referen<span class=\"_ _0\"></span>ce to the fair value of th<span class=\"_ _0\"></span>e optio<span class=\"_ _0\"></span>ns granted, exclud<span class=\"_ _0\"></span>ing the imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>f any non-<span class=\"_ _0\"></span>market ves<span class=\"_ _0\"></span>ting condi<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>. Non<span class=\"_ _0\"></span>-mar<span class=\"_ _0\"></span>ket vesting co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns are include<span class=\"_ _0\"></span>d in assum<span class=\"_ _0\"></span>ptions ab<span class=\"_ _0\"></span>out the num<span class=\"_ _0\"></span>ber of opti<span class=\"_ _0\"></span>ons that are ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to ve<span class=\"_ _0\"></span>st and in<span class=\"_ _0\"></span>clude emp<span class=\"_ _0\"></span>loyee s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>s and per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce targ<span class=\"_ _0\"></span>ets w<span class=\"_ _0\"></span>hich are not re<span class=\"_ _0\"></span>lated to the Company<span class=\"_ _0\"></span>\u2019s share pri<span class=\"_ _0\"></span>ce, such as earning<span class=\"_ _0\"></span>s per share gr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>th. The fair va<span class=\"_ _0\"></span>lue of the opt<span class=\"_ _0\"></span>ions is me<span class=\"_ _0\"></span>asured by th<span class=\"_ _0\"></span>e Black-<span class=\"_ _1\"></span>Sch<span class=\"_ _0\"></span>oles o<span class=\"_ _0\"></span>r St<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>chasti<span class=\"_ _0\"></span>c mod<span class=\"_ _0\"></span>el, tak<span class=\"_ _0\"></span>ing into account the ter<span class=\"_ _0\"></span>ms and condit<span class=\"_ _0\"></span>ions up<span class=\"_ _0\"></span>on which t<span class=\"_ _0\"></span>he instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s were granted. At ea<span class=\"_ _0\"></span>ch balance sh<span class=\"_ _0\"></span>eet date, the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y revise<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s estim<span class=\"_ _0\"></span>ates of the numb<span class=\"_ _0\"></span>er of opt<span class=\"_ _0\"></span>ions that are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to becom<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>able. It re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>es the imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of the revis<span class=\"_ _0\"></span>ion of ori<span class=\"_ _0\"></span>ginal est<span class=\"_ _0\"></span>imates, if a<span class=\"_ _0\"></span>ny<span class=\"_ _1\"></span>, in the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement and a co<span class=\"_ _0\"></span>rresp<span class=\"_ _0\"></span>onding ad<span class=\"_ _0\"></span>justm<span class=\"_ _0\"></span>ent to equit<span class=\"_ _0\"></span>y over th<span class=\"_ _0\"></span>e remaining ves<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>eriod.<span class=\"_ _2cb\"> </span>Any failure to me<span class=\"_ _0\"></span>et market cond<span class=\"_ _0\"></span>itions, w<span class=\"_ _0\"></span>hich inclu<span class=\"_ _0\"></span>de per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance targ<span class=\"_ _0\"></span>ets su<span class=\"_ _0\"></span>ch as share pri<span class=\"_ _0\"></span>ce or total sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>er return, wo<span class=\"_ _0\"></span>uld not result in a re<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>al of origina<span class=\"_ _0\"></span>l estim<span class=\"_ _0\"></span>ates in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement an<span class=\"_ _0\"></span>d any remaining charg<span class=\"_ _0\"></span>es woul<span class=\"_ _0\"></span>d be accele<span class=\"_ _0\"></span>rated.<span class=\"_ _2cb\"> </span>The p<span class=\"_ _0\"></span>rocee<span class=\"_ _0\"></span>ds recei<span class=\"_ _0\"></span>ved, net of any dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, are credite<span class=\"_ _0\"></span>d to share cap<span class=\"_ _0\"></span>ital (nomina<span class=\"_ _0\"></span>l value) and share prem<span class=\"_ _0\"></span>ium when t<span class=\"_ _0\"></span>he opti<span class=\"_ _0\"></span>ons are exerci<span class=\"_ _0\"></span>sed.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup and Company prov<span class=\"_ _0\"></span>ide fina<span class=\"_ _0\"></span>nce to the ES<span class=\"_ _0\"></span>OT to purchase Company share<span class=\"_ _0\"></span>s in the op<span class=\"_ _0\"></span>en market. Cost<span class=\"_ _0\"></span>s of running t<span class=\"_ _0\"></span>he ESOT are charg<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement. T<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of shares hel<span class=\"_ _0\"></span>d by the ES<span class=\"_ _0\"></span>OT is deduc<span class=\"_ _0\"></span>ted in ar<span class=\"_ _0\"></span>riving a<span class=\"_ _0\"></span>t equit<span class=\"_ _0\"></span>y until the<span class=\"_ _0\"></span>y are exercis<span class=\"_ _0\"></span>ed by<span class=\"_ gs1\"> </span>empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>All shar<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent cost<span class=\"_ _0\"></span>s are rec<span class=\"_ _0\"></span>harged to th<span class=\"_ _0\"></span>e trading enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>All o<span class=\"_ _0\"></span>ptions are s<span class=\"_ _0\"></span>ett<span class=\"_ _0\"></span>led by th<span class=\"_ _0\"></span>e physic<span class=\"_ _0\"></span>al delive<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of shares. T<span class=\"_ _0\"></span>he terms a<span class=\"_ _0\"></span>nd conditi<span class=\"_ _0\"></span>ons of all the g<span class=\"_ _0\"></span>rants are a<span class=\"_ _0\"></span>s follows:<span class=\"_ _2cb\"> </span>Vic<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ex 2015 Exe<span class=\"_ _0\"></span>cut<span class=\"_ _0\"></span>ive Shar<span class=\"_ _0\"></span>e Opt<span class=\"_ _0\"></span>ion P<span class=\"_ _0\"></span>lan (\u2018<span class=\"_ _0\"></span>ESO<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>\u2019) All em<span class=\"_ _0\"></span>ployee<span class=\"_ _0\"></span>s are eligib<span class=\"_ _0\"></span>le to par<span class=\"_ _0\"></span>ticip<span class=\"_ _0\"></span>ate. All ESO<span class=\"_ _0\"></span>P opti<span class=\"_ _0\"></span>ons are exercis<span class=\"_ _0\"></span>able f<span class=\"_ _0\"></span>rom the date of ve<span class=\"_ _0\"></span>sting to th<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar anniver<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y of th<span class=\"_ _0\"></span>e grant date. The R<span class=\"_ _0\"></span>emunerati<span class=\"_ _0\"></span>on Commit<span class=\"_ _0\"></span>tee current<span class=\"_ _0\"></span>ly exclud<span class=\"_ _0\"></span>es Exe<span class=\"_ _0\"></span>cutiv<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tors f<span class=\"_ _0\"></span>rom par<span class=\"_ _0\"></span>ticip<span class=\"_ _0\"></span>ating in this pl<span class=\"_ _0\"></span>an. Optio<span class=\"_ _0\"></span>n awards are b<span class=\"_ _0\"></span>ased on a percent<span class=\"_ _0\"></span>age of b<span class=\"_ _0\"></span>asic sal<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, not exce<span class=\"_ _0\"></span>eding 100% of sala<span class=\"_ _0\"></span>ry i<span class=\"_ _0\"></span>n each financ<span class=\"_ _0\"></span>ial year<span class=\"_ _1\"></span>. Th<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>e price of the o<span class=\"_ _0\"></span>ptions is e<span class=\"_ _0\"></span>qual to the mar<span class=\"_ _0\"></span>ket price of the share<span class=\"_ _0\"></span>s on the date o<span class=\"_ _0\"></span>f grant. ESO<span class=\"_ _0\"></span>P optio<span class=\"_ _0\"></span>ns are condit<span class=\"_ _0\"></span>ional on th<span class=\"_ _0\"></span>e emplo<span class=\"_ _0\"></span>yee compl<span class=\"_ _0\"></span>eting thre<span class=\"_ _0\"></span>e years<span class=\"_ _0\"></span>\u2019 ser<span class=\"_ _0\"></span>vice (the v<span class=\"_ _0\"></span>esting p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d) and achie<span class=\"_ _0\"></span>ving the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>formance con<span class=\"_ _0\"></span>dition<span class=\"_ _0\"></span>(s), if applica<span class=\"_ _0\"></span>ble. The l<span class=\"_ _0\"></span>evel of award<span class=\"_ _0\"></span>s vestin<span class=\"_ _0\"></span>g will var<span class=\"_ _0\"></span>y de<span class=\"_ _0\"></span>pendin<span class=\"_ _0\"></span>g on EPS gr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>th. In ord<span class=\"_ _0\"></span>er for awards i<span class=\"_ _0\"></span>ssued p<span class=\"_ _0\"></span>rior to De<span class=\"_ _0\"></span>cembe<span class=\"_ _0\"></span>r 202<span class=\"_ _1\"></span>0 to rea<span class=\"_ _0\"></span>ch the thres<span class=\"_ _0\"></span>hold le<span class=\"_ _0\"></span>vel of ves<span class=\"_ _0\"></span>ting, the EP<span class=\"_ _0\"></span>S grow<span class=\"_ _0\"></span>th of th<span class=\"_ _0\"></span>e Group mus<span class=\"_ _0\"></span>t exceed 2% per annum wit<span class=\"_ _0\"></span>h some aw<span class=\"_ _0\"></span>ards requir<span class=\"_ _0\"></span>ing this grow<span class=\"_ _0\"></span>th to b<span class=\"_ _0\"></span>e above th<span class=\"_ _0\"></span>e Retail P<span class=\"_ _0\"></span>rice In<span class=\"_ _0\"></span>dex. F<span class=\"_ _0\"></span>or awards o<span class=\"_ _0\"></span>ver 33% of salar<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, the t<span class=\"_ _0\"></span>hreshol<span class=\"_ _0\"></span>d increas<span class=\"_ _0\"></span>es to 3%, and then to 4% f<span class=\"_ _1\"></span>or aw<span class=\"_ _0\"></span>ards over 6<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>% of s<span class=\"_ _0\"></span>alar<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Straight lin<span class=\"_ _0\"></span>e vestin<span class=\"_ _0\"></span>g will occur to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent that EP<span class=\"_ _0\"></span>S grow<span class=\"_ _0\"></span>th falls bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en thes<span class=\"_ _0\"></span>e annual EP<span class=\"_ _0\"></span>S grow<span class=\"_ _0\"></span>th ta<span class=\"_ _0\"></span>rget<span class=\"_ _0\"></span>s. For aw<span class=\"_ _0\"></span>ards issu<span class=\"_ _0\"></span>ed in De<span class=\"_ _0\"></span>cember 2020 and May 2021<span class=\"_ _2\"></span>, wh<span class=\"_ _0\"></span>ere awards gra<span class=\"_ _0\"></span>nted are at les<span class=\"_ _0\"></span>s than 50% of s<span class=\"_ _0\"></span>alar<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, to reac<span class=\"_ _0\"></span>h the thresh<span class=\"_ _0\"></span>old leve<span class=\"_ _0\"></span>l of ves<span class=\"_ _0\"></span>ting, the EP<span class=\"_ _0\"></span>S grow<span class=\"_ _0\"></span>th of th<span class=\"_ _0\"></span>e Group mus<span class=\"_ _0\"></span>t exceed 5.<span class=\"_ _0\"></span>8% per annum. Share<span class=\"_ _0\"></span>s will ves<span class=\"_ _0\"></span>t up to 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% on a st<span class=\"_ _0\"></span>raight line bas<span class=\"_ _0\"></span>is if the EP<span class=\"_ _0\"></span>S grows b<span class=\"_ _0\"></span>y 9.9<span class=\"_ _1\"></span>% over t<span class=\"_ _0\"></span>he three<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>year per<span class=\"_ _0\"></span>iod. F<span class=\"_ _0\"></span>or awards grante<span class=\"_ _0\"></span>d at 50% of sala<span class=\"_ _0\"></span>ry, EPS mus<span class=\"_ _0\"></span>t be at le<span class=\"_ _0\"></span>ast 89.25p p<span class=\"_ _0\"></span>er ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re in the final fin<span class=\"_ _0\"></span>ancial year of th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>formance p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d to vest at 20%. Vesting w<span class=\"_ _0\"></span>ill increas<span class=\"_ _0\"></span>e to a maxi<span class=\"_ _0\"></span>mum vest<span class=\"_ _0\"></span>ing of 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% at 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0.0p p<span class=\"_ _0\"></span>er share in F<span class=\"_ _0\"></span>Y 2023, with the op<span class=\"_ _0\"></span>tions ves<span class=\"_ _0\"></span>ting on a s<span class=\"_ _0\"></span>traight line b<span class=\"_ _0\"></span>asis bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en thes<span class=\"_ _0\"></span>e targ<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. For aw<span class=\"_ _0\"></span>ards issu<span class=\"_ _0\"></span>ed in De<span class=\"_ _0\"></span>cember 2021 and May 2022, where awards g<span class=\"_ _0\"></span>ranted are at le<span class=\"_ _0\"></span>ss than 5<span class=\"_ _0\"></span>0% of salar<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, to rea<span class=\"_ _0\"></span>ch the thre<span class=\"_ _0\"></span>shold le<span class=\"_ _0\"></span>vel of ves<span class=\"_ _0\"></span>ting, the EP<span class=\"_ _0\"></span>S grow<span class=\"_ _0\"></span>th of th<span class=\"_ _0\"></span>e Group mus<span class=\"_ _0\"></span>t exceed 5% per annum. S<span class=\"_ _0\"></span>hares will ve<span class=\"_ _0\"></span>st up to 100% on a st<span class=\"_ _0\"></span>raight line ba<span class=\"_ _0\"></span>sis if the EP<span class=\"_ _0\"></span>S grow<span class=\"_ _0\"></span>s by 1<span class=\"_ _1\"></span>0.0% over th<span class=\"_ _0\"></span>e three<span class=\"_ _0\"></span>-yea<span class=\"_ _0\"></span>r peri<span class=\"_ _0\"></span>od. Fo<span class=\"_ _0\"></span>r awards over 33% of salar<span class=\"_ _0\"></span>y, the thresh<span class=\"_ _0\"></span>old incre<span class=\"_ _0\"></span>ases to 7<span class=\"_ _2\"></span>.5% EPS grow<span class=\"_ _0\"></span>th. F<span class=\"_ _0\"></span>or awards g<span class=\"_ _0\"></span>ranted at 50% of<span class=\"_ gs1\"> </span>sala<span class=\"_ _0\"></span>ry, EPS mus<span class=\"_ _0\"></span>t be at le<span class=\"_ _0\"></span>ast 9<span class=\"_ _0\"></span>6.5p per or<span class=\"_ _0\"></span>dinar<span class=\"_ _0\"></span>y share in the f<span class=\"_ _0\"></span>inal financial y<span class=\"_ _0\"></span>ear of the p<span class=\"_ _0\"></span>erfo<span class=\"_ _0\"></span>rmance pe<span class=\"_ _0\"></span>riod to ve<span class=\"_ _0\"></span>st at 20%. V<span class=\"_ _1\"></span>es<span class=\"_ _0\"></span>ting w<span class=\"_ _0\"></span>ill increas<span class=\"_ _0\"></span>e to a max<span class=\"_ _0\"></span>imum vest<span class=\"_ _0\"></span>ing of 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% at 1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.0p p<span class=\"_ _0\"></span>er share in F<span class=\"_ _0\"></span>Y 2024, with th<span class=\"_ _0\"></span>e optio<span class=\"_ _0\"></span>ns vestin<span class=\"_ _0\"></span>g on a strai<span class=\"_ _0\"></span>ght line basis b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween th<span class=\"_ _0\"></span>ese t<span class=\"_ _0\"></span>arget<span class=\"_ _0\"></span>s. For aw<span class=\"_ _0\"></span>ards issu<span class=\"_ _0\"></span>ed on or af<span class=\"_ _0\"></span>ter De<span class=\"_ _0\"></span>cembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>, o<span class=\"_ _0\"></span>ptions w<span class=\"_ _0\"></span>ith an agg<span class=\"_ _0\"></span>regate exerci<span class=\"_ _0\"></span>se price of u<span class=\"_ _0\"></span>p to 33<span class=\"_ _1\"></span>% of par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipant<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s s<span class=\"_ _0\"></span>alar<span class=\"_ _0\"></span>y be<span class=\"_ _0\"></span>come exercis<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>f EPS grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h is not les<span class=\"_ _0\"></span>s than 2% per year<span class=\"_ _1\"></span>, and t<span class=\"_ _0\"></span>hese w<span class=\"_ _0\"></span>ill vest o<span class=\"_ _0\"></span>n a straig<span class=\"_ _0\"></span>ht line basis up to t<span class=\"_ _0\"></span>hose w<span class=\"_ _0\"></span>ith an agg<span class=\"_ _0\"></span>regate exe<span class=\"_ _0\"></span>rcise price of 100% of the p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ticipant<span class=\"_ _0\"></span>\u2019s salar<span class=\"_ _0\"></span>y wi<span class=\"_ _0\"></span>th EPS g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>th of 4<span class=\"_ _1\"></span>% or mo<span class=\"_ _0\"></span>re per yea<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>.<span class=\"_ _2cb\"> </span>Vic<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ex 2015 Sha<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ave Plan<span class=\"_ _2cb\"> </span>UK res<span class=\"_ _0\"></span>ident emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s and full-<span class=\"_ _0\"></span>time Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s of the Compa<span class=\"_ _0\"></span>ny or any desig<span class=\"_ _0\"></span>nated par<span class=\"_ _0\"></span>tici<span class=\"_ _0\"></span>pating subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>y are eligi<span class=\"_ _0\"></span>ble to par<span class=\"_ _0\"></span>ticip<span class=\"_ _0\"></span>ate. The exercis<span class=\"_ _0\"></span>e price of th<span class=\"_ _0\"></span>e granted Share<span class=\"_ _0\"></span>save Plan o<span class=\"_ _0\"></span>ptions is e<span class=\"_ _0\"></span>qual to the mar<span class=\"_ _0\"></span>ket price of the o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y shares l<span class=\"_ _0\"></span>ess 20% on the da<span class=\"_ _0\"></span>te of grant.<span class=\"_ _2cb\"> </span>Vic<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ex 2015 Emp<span class=\"_ _0\"></span>loyee Sto<span class=\"_ _0\"></span>ck Pu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase P<span class=\"_ _0\"></span>lan<span class=\"_ _2cb\"> </span>US<span class=\"_ _0\"></span>-ba<span class=\"_ _0\"></span>sed emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s (includin<span class=\"_ _0\"></span>g Exec<span class=\"_ _0\"></span>utive Dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors) are eligib<span class=\"_ _0\"></span>le to par<span class=\"_ _0\"></span>ticip<span class=\"_ _0\"></span>ate. The pri<span class=\"_ _0\"></span>ce payable fo<span class=\"_ _0\"></span>r each ordina<span class=\"_ _0\"></span>ry s<span class=\"_ _0\"></span>hare shall be a pr<span class=\"_ _0\"></span>ice deter<span class=\"_ _0\"></span>mined by th<span class=\"_ _0\"></span>e Board, an<span class=\"_ _0\"></span>d it shall not b<span class=\"_ _0\"></span>e less t<span class=\"_ _0\"></span>han 85<span class=\"_ _1\"></span>% of the l<span class=\"_ _0\"></span>ower of the m<span class=\"_ _0\"></span>arket value of an ord<span class=\"_ _0\"></span>inar<span class=\"_ _0\"></span>y share on the d<span class=\"_ _0\"></span>ate of grant or the date of purchas<span class=\"_ _0\"></span>e.<span class=\"_ _2cb\"> </span>Awards may b<span class=\"_ _0\"></span>e granted over a num<span class=\"_ _0\"></span>ber of ordi<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y shares de<span class=\"_ _0\"></span>termined b<span class=\"_ _0\"></span>y the amount e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es have save<span class=\"_ _0\"></span>d by the end of a o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>-year sav<span class=\"_ _0\"></span>ings peri<span class=\"_ _0\"></span>od.<span class=\"_ _2cb\"> </span><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs6e2\">Vic<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ex 2019 Lo<span class=\"_ _0\"></span>ng T<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>rm Inc<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>ve Plan<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6e3\">Each ye<span class=\"_ _0\"></span>ar Exe<span class=\"_ _0\"></span>cutive D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors, a<span class=\"_ _0\"></span>nd senio<span class=\"_ _0\"></span>r execu<span class=\"_ _0\"></span>tives by inv<span class=\"_ _0\"></span>itati<span class=\"_ _0\"></span>on, are eligib<span class=\"_ _0\"></span>le to be award<span class=\"_ _0\"></span>ed opt<span class=\"_ _0\"></span>ions to acquire, at no co<span class=\"_ _0\"></span>st, mar<span class=\"_ _0\"></span>ket </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6e4\">purchas<span class=\"_ _0\"></span>ed ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res in the Company up to a ma<span class=\"_ _0\"></span>ximum e<span class=\"_ _0\"></span>quivale<span class=\"_ _0\"></span>nt of 1<span class=\"_ _2\"></span>75% of basic sala<span class=\"_ _0\"></span>ry. In except<span class=\"_ _0\"></span>ional circum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ces, such as </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6e5\">recr<span class=\"_ _0\"></span>uitment or r<span class=\"_ _0\"></span>etention, th<span class=\"_ _0\"></span>is limit is increa<span class=\"_ _0\"></span>sed to 20<span class=\"_ _0\"></span>0% of an employ<span class=\"_ _0\"></span>ee\u2019s annual basic s<span class=\"_ _0\"></span>alar<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6e6\">Det<span class=\"_ _0\"></span>ails of the 201<span class=\"_ _1\"></span>9 L<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>IP ca<span class=\"_ _0\"></span>n be found wi<span class=\"_ _0\"></span>thin the Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tors\u2019 remu<span class=\"_ _0\"></span>neration r<span class=\"_ _0\"></span>epor<span class=\"_ _0\"></span>t on pa<span class=\"_ _0\"></span>ge 105.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls17 ws14 gs6e7\">Victrex 201<span class=\"_ _2\"></span>7 Deferred<span class=\"_ _1\"></span> Bonus Scheme (\u2018DBS\u2019)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6e8\">Ado<span class=\"_ _0\"></span>pted by the Re<span class=\"_ _0\"></span>muneratio<span class=\"_ _0\"></span>n C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>mitte<span class=\"_ _0\"></span>e on 9 Oc<span class=\"_ _0\"></span>tob<span class=\"_ _0\"></span>er 20<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>7<span class=\"_ _2\"></span>, this p<span class=\"_ _0\"></span>lan require<span class=\"_ _0\"></span>s Exe<span class=\"_ _0\"></span>cutive D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors to de<span class=\"_ _0\"></span>fer up to a max<span class=\"_ _0\"></span>imum of 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0% </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6e9\">of<span class=\"_ gs1\"> </span>their e<span class=\"_ _0\"></span>arned b<span class=\"_ _0\"></span>onus into shares for t<span class=\"_ _0\"></span>hree year<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs6ea\">Num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r and we<span class=\"_ _0\"></span>ight<span class=\"_ _0\"></span>ed averag<span class=\"_ _0\"></span>e exer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es of s<span class=\"_ _0\"></span>hare o<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls8a ws80 gs6eb\">ESOP<span class=\"_ _241\"> </span><span class=\"lsb3 wsaa\">Share<span class=\"_ _0\"></span>save Plan<span class=\"_ _64\"> </span><span class=\"lsdd wsd7\">Stock Purchase Plan<span class=\"_ _114\"> </span><span class=\"lsb6 ws1a4\">LT<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>P<span class=\"_ _51\"> </span><span class=\"ls6 ws0\">DBS </span></span></span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs6ec\">Weig<span class=\"_ _0\"></span>hted <span class=\"_ _240\"> </span>Wei<span class=\"_ _0\"></span>ghted <span class=\"_ _240\"> </span>We<span class=\"_ _0\"></span>ighte<span class=\"_ _0\"></span>d <span class=\"_ _2b\"> </span>We<span class=\"_ _0\"></span>ighte<span class=\"_ _0\"></span>d <span class=\"_ _129\"> </span>Wei<span class=\"_ _0\"></span>ghted </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsd9 wsd3 gs6ed\">average <span class=\"_ _20e\"> </span>average <span class=\"_ _293\"> </span>average <span class=\"_ _21e\"> </span>a<span class=\"_ _1\"></span>verage <span class=\"_ _256\"> </span>average </div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 lsdd wsd7 gs6ee\">exercise <span class=\"_ _eb\"> </span>Numb<span class=\"_ _0\"></span>er<span class=\"_ _3c\"> </span>e<span class=\"_ _0\"></span>xercise <span class=\"_ _eb\"> </span>Number<span class=\"_ _43\"> </span>exercise <span class=\"_ _6f\"> </span>Number<span class=\"_ _126\"> </span>exercise <span class=\"_ _77\"> </span>Number<span class=\"_ _126\"> </span>exercise <span class=\"_ _63\"> </span>N<span class=\"_ _0\"></span>umber<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls8b ws81 gs6ef\">price <span class=\"_ _55\"> </span><span class=\"ls6 ws0\">of o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns <span class=\"_ _11a\"> </span></span>price <span class=\"_ _55\"> </span><span class=\"ls198 ws19a\">of options<span class=\"_ _d3\"> </span></span>price<span class=\"_ _1\"></span> <span class=\"_ _54\"> </span><span class=\"ls6 ws0\">of opt<span class=\"_ _0\"></span>ions <span class=\"_ _115\"> </span></span>price <span class=\"_ _35\"> </span><span class=\"ls198 ws19a\">of opti<span class=\"_ _0\"></span>ons<span class=\"_ _42\"> </span></span>price <span class=\"_ _5b\"> </span><span class=\"ls198 ws19a\">of options<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6f0\">Out<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>anding at  </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6f1\">1 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 202<span class=\"_ _1\"></span>1<span class=\"_ _247\"> </span><span class=\"ls149 ws141\">2<span class=\"_ _6\"></span>,13<span class=\"_ _6\"></span>7<span class=\"_ _0\"></span>p<span class=\"_ _14\"> </span><span class=\"ls8 ws6\">9<span class=\"_ _0\"></span>08,8<span class=\"_ _0\"></span>40<span class=\"_ _eb\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>p<span class=\"_ _4a\"> </span><span class=\"ls130 ws128\">2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>74<span class=\"_ _36\"> </span></span></span></span></span>\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _42\"> </span>nil p<span class=\"_ _b4\"> </span><span class=\"lse3 wsdd\">3<span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>111<span class=\"_ _108\"> </span></span>nil p<span class=\"_ _63\"> </span><span class=\"lsb ws9\">9,6<span class=\"_ _6\"></span>47<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6f2\">Granted dur<span class=\"_ _0\"></span>ing the year <span class=\"_ _5b\"> </span><span class=\"ls7e ws76\">2,<span class=\"_ _0\"></span>369<span class=\"_ _0\"></span>p<span class=\"_ _5b\"> </span><span class=\"lsd wsb\">2<span class=\"_ _0\"></span>39,<span class=\"_ _0\"></span>359<span class=\"_ _70\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1p<span class=\"_ _127\"> </span><span class=\"lse3 wsdd\">11<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>8<span class=\"_ _6\"></span>5<span class=\"_ _7b\"> </span><span class=\"ls149 ws141\">2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>p<span class=\"_ _7b\"> </span><span class=\"ls7f ws70\">8<span class=\"_ _0\"></span>,059<span class=\"_ _8a\"> </span></span></span></span></span></span></span>nil p<span class=\"_ _1b\"> </span><span class=\"ls149 ws141\">1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _6\"></span>,1<span class=\"_ _0\"></span>61<span class=\"_ _108\"> </span></span>ni<span class=\"_ _0\"></span>l p<span class=\"_ _35\"> </span><span class=\"lsa ws8\">23,382<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6f3\">For<span class=\"_ _0\"></span>feite<span class=\"_ _0\"></span>d during th<span class=\"_ _0\"></span>e year <span class=\"_ _4c\"> </span><span class=\"ls7e ws76\">2,<span class=\"_ _0\"></span>21<span class=\"_ _1\"></span>2p<span class=\"_ _b4\"> </span><span class=\"lsa6 ws9b\">(<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,910<span class=\"_ _0\"></span>)<span class=\"_ _6d\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>p<span class=\"_ _54\"> </span>(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _b7\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _42\"> </span>nil p<span class=\"_ _e\"> </span>(1<span class=\"_ _2\"></span>31<span class=\"_ _2\"></span>,9<span class=\"_ _0\"></span>95)<span class=\"_ _11f\"> </span>ni<span class=\"_ _0\"></span>l p <span class=\"_ _f1\"> </span>\u2014<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6f4\">Cancelle<span class=\"_ _0\"></span>d during th<span class=\"_ _0\"></span>e year<span class=\"_ _11f\"> </span>\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _eb\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>p<span class=\"_ _294\"> </span>(<span class=\"_ _0\"></span>21,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _b7\"> </span></span>\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _42\"> </span>nil p<span class=\"_ _46\"> </span>\u2014<span class=\"_ _115\"> </span>nil p<span class=\"_ _46\"> </span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6f5\">Exe<span class=\"_ _0\"></span>rcised du<span class=\"_ _0\"></span>ring the yea<span class=\"_ _0\"></span>r <span class=\"_ _1b\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1p<span class=\"_ _e4\"> </span><span class=\"lsd wsb\">(9,<span class=\"_ _0\"></span>559)<span class=\"_ _295\"> </span></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>8<span class=\"_ _6\"></span>p<span class=\"_ _123\"> </span><span class=\"ls10 wse\">(8,<span class=\"_ _0\"></span>838)<span class=\"_ _6b\"> </span><span class=\"ls149 ws141\">2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>p<span class=\"_ _71\"> </span></span>(8<span class=\"_ _0\"></span>,059)<span class=\"_ _3d\"> </span></span></span>nil p<span class=\"_ _67\"> </span><span class=\"lsdf wsd9\">(14<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>55<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _3b\"> </span></span>nil p<span class=\"_ _56\"> </span><span class=\"ls20 wscc\">(5,<span class=\"_ _0\"></span>237<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6f6\">Out<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>anding at  </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs6f7\">30 September 20<span class=\"_ _1\"></span>22<span class=\"_ _8b\"> </span><span class=\"ls7e ws76\">2,<span class=\"_ _2\"></span>182p<span class=\"_ _1e\"> </span><span class=\"ls16 wsc1\">865,73<span class=\"_ _0\"></span>0<span class=\"_ _6f\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2p<span class=\"_ _5b\"> </span><span class=\"ls10 wse\">3<span class=\"_ _0\"></span>40,<span class=\"_ _0\"></span>678<span class=\"_ _10d\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _8a\"> </span>nil p<span class=\"_ _9c\"> </span><span class=\"ls168 ws173\">3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>,727<span class=\"_ _115\"> </span></span>ni<span class=\"_ _0\"></span>l p<span class=\"_ _33\"> </span><span class=\"ls173 ws175\">2<span class=\"_ _0\"></span>7,<span class=\"_ _6\"></span>7<span class=\"_ _6\"></span>9<span class=\"_ _6\"></span>2<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6f8\">Granted dur<span class=\"_ _0\"></span>ing the year <span class=\"_ _4a\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _6\"></span>p<span class=\"_ _1e\"> </span><span class=\"ls126 ws11f\">3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>21<span class=\"_ _e4\"> </span></span>1,<span class=\"_ _6\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>p<span class=\"_ _6e\"> </span><span class=\"ls1a ws1d\">37<span class=\"_ _2\"></span>4,055<span class=\"_ _71\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>4<span class=\"_ _6\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _6\"></span>p<span class=\"_ _120\"> </span><span class=\"lse3 wsdd\">11<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>8<span class=\"_ _ad\"> </span><span class=\"ls6 ws0\">nil p<span class=\"_ _9c\"> </span><span class=\"ls16 wsc1\">365,932<span class=\"_ _e9\"> </span></span>nil p<span class=\"_ _4a\"> </span><span class=\"ls173 ws175\">2<span class=\"_ _6\"></span>7,<span class=\"_ _5\"></span>8<span class=\"_ _6\"></span>8<span class=\"_ _5\"></span>5<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6f9\">For<span class=\"_ _0\"></span>feite<span class=\"_ _0\"></span>d during th<span class=\"_ _0\"></span>e year <span class=\"_ _1b\"> </span><span class=\"ls7e ws76\">2,079<span class=\"_ _0\"></span>p<span class=\"_ _b4\"> </span></span>(257<span class=\"_ _8\"></span>,<span class=\"_ _0\"></span>085)<span class=\"_ _243\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>p<span class=\"_ _67\"> </span><span class=\"lse1 wsdb\">(19<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _b7\"> </span></span></span>\u2014<span class=\"_ _d3\"> </span>\u2014<span class=\"_ _8a\"> </span>nil p<span class=\"_ _67\"> </span><span class=\"lse2 wsdc\">(<span class=\"_ _0\"></span>8<span class=\"_ _6\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>13)<span class=\"_ _f1\"> </span></span>nil p <span class=\"_ _f1\"> </span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6fa\">Cancelle<span class=\"_ _0\"></span>d during th<span class=\"_ _0\"></span>e year<span class=\"_ _11f\"> </span>\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _6f\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>14<span class=\"_ _6\"></span>p<span class=\"_ _55\"> </span><span class=\"lsb ws9\">(9<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>277<span class=\"_ _0\"></span>)<span class=\"_ _106\"> </span></span></span>\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _42\"> </span>nil p<span class=\"_ _184\"> </span>\u2014<span class=\"_ _e9\"> </span>nil p<span class=\"_ _46\"> </span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs6fb\">Exe<span class=\"_ _0\"></span>rcised du<span class=\"_ _0\"></span>ring the yea<span class=\"_ _0\"></span>r <span class=\"_ _26\"> </span><span class=\"ls6d wsc6\">1<span class=\"_ _1\"></span>,573p<span class=\"_ _54\"> </span><span class=\"lse2 wsdc\">(<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _b7\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _71\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>0<span class=\"_ _0\"></span>p<span class=\"_ _e6\"> </span><span class=\"lse3 wsdd\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _6\"></span>3<span class=\"_ _6\"></span>2<span class=\"_ _6\"></span>8<span class=\"_ _6\"></span>)<span class=\"_ _e9\"> </span></span></span>nil p<span class=\"_ _e6\"> </span><span class=\"ls173 ws175\">(<span class=\"_ _6\"></span>7,<span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>)<span class=\"_ _f1\"> </span></span>nil p<span class=\"_ _54\"> </span><span class=\"ls128 ws178\">(4<span class=\"_ _6\"></span>,<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs6fc\">Out<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing at  </div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls17 ws14 gs6fd\">30 September 20<span class=\"_ _1\"></span>23<span class=\"_ _ef\"> </span><span class=\"fc3 lsf wsd\">1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>65p<span class=\"_ _67\"> </span><span class=\"ls1c ws1a\">92<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>46<span class=\"_ _120\"> </span></span>1,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>p<span class=\"_ _14\"> </span><span class=\"ls1a ws1d\">4<span class=\"_ _0\"></span>26,0<span class=\"_ _0\"></span>33<span class=\"_ _10d\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _40\"> </span>nil p<span class=\"_ _b\"> </span><span class=\"ls6f ws142\">5<span class=\"_ _0\"></span>99,735<span class=\"_ _3b\"> </span></span>n<span class=\"_ _0\"></span>il p<span class=\"_ _35\"> </span><span class=\"ls1b ws19\">51<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 lsb ws0 gs6fe\">Ran<span class=\"_ _0\"></span>ge of exe<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>se pr<span class=\"_ _0\"></span>ices<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls8 ws6 gs6ff\">2023<span class=\"_ _5c\"> </span><span class=\"fc3 lsf wsd\">1,4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6p<span class=\"_ _6\"></span>\u20132<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>730<span class=\"_ _0\"></span>p<span class=\"_ _108\"> </span>1,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4p<span class=\"_ _6\"></span>\u2013<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>16<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>p <span class=\"_ _296\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _12a\"> </span>ni<span class=\"_ _0\"></span>l p<span class=\"_ _b8\"> </span><span class=\"ls21 ws5f\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6a ws66 gs700\">2022<span class=\"_ _297\"> </span><span class=\"ls7e ws76\">1<span class=\"_ _1\"></span>,5<span class=\"_ _0\"></span>02p<span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span>2,730<span class=\"_ _0\"></span>p<span class=\"_ _25\"> </span><span class=\"ls149 ws141\">1,<span class=\"_ _5\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>p<span class=\"_ _5\"></span>\u2013<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>6<span class=\"_ _5\"></span>4<span class=\"_ _0\"></span>p<span class=\"_ _6\"></span> <span class=\"_ _125\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _12a\"> </span> nil p<span class=\"_ _207\"> </span><span class=\"ls16 wsc1\"> n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls23 ws20 gs701\">Wei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d avera<span class=\"_ _0\"></span>ge </div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs702\">cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual l<span class=\"_ _0\"></span>ife (<span class=\"_ _0\"></span>year<span class=\"_ _0\"></span>s)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls8 ws6 gs703\">2023<span class=\"_ _9e\"> </span><span class=\"fc3 lscd wse4\">7.<span class=\"_ _6\"></span>0<span class=\"_ _11c\"> </span><span class=\"ls12d ws125\">3.<span class=\"_ _0\"></span>2<span class=\"_ _20d\"> </span><span class=\"ls17 ws14\">0.4<span class=\"_ _bb\"> </span><span class=\"lsc wsa\">8.6<span class=\"_ _b9\"> </span><span class=\"ls28 ws25\">6.<span class=\"_ _0\"></span>8<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6a ws66 gs704\">2022<span class=\"_ _218\"> </span><span class=\"ls6 ws0\"> <span class=\"_ _102\"> </span><span class=\"ls7e ws76\">6.9<span class=\"_ _88\"> </span></span> <span class=\"_ _d3\"> </span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>9<span class=\"_ _e2\"> </span></span> <span class=\"_ _25\"> </span>0.<span class=\"_ _0\"></span>4<span class=\"_ _88\"> </span> <span class=\"_ _40\"> </span><span class=\"ls12 ws1f\">8.3<span class=\"_ _90\"> </span></span> <span class=\"_ _40\"> </span><span class=\"ls15 ws13\">6.8<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m5 h7 ff27 fs4 fc2 sc0 ls19a ws0 gs705\">Exe<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>sab<span class=\"_ _0\"></span>le at en<span class=\"_ _0\"></span>d of year<span class=\"_ _0\"></span> </div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls8 ws6 gs706\">2023<span class=\"_ _130\"> </span><span class=\"fc3 lsf wsd\">1,93<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>p<span class=\"_ _a\"> </span><span class=\"lsd wsb\">2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>014<span class=\"_ _123\"> </span><span class=\"ls29 ws26\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>015<span class=\"_ _0\"></span>p<span class=\"_ _294\"> </span><span class=\"ls28 ws25\">30,430<span class=\"_ _10d\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _40\"> </span>nil p<span class=\"_ _6c\"> </span><span class=\"ls7d ws100\">3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>472<span class=\"_ _13a\"> </span></span>\u2014<span class=\"_ _46\"> </span>\u2014<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6a ws66 gs707\">2022<span class=\"_ _de\"> </span>1<span class=\"_ _1\"></span>,920<span class=\"_ _0\"></span>p<span class=\"_ _35\"> </span>285,<span class=\"_ _0\"></span>286<span class=\"_ _6f\"> </span>1<span class=\"_ _1\"></span>,920<span class=\"_ _0\"></span>p<span class=\"_ _e6\"> </span><span class=\"ls16 wsc1\">95,02<span class=\"_ _0\"></span>2<span class=\"_ _10d\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _109\"> </span>\u2014<span class=\"_ _42\"> </span>nil p<span class=\"_ _6b\"> </span><span class=\"ls173 ws175\">7,<span class=\"_ _0\"></span>15<span class=\"_ _6\"></span>9<span class=\"_ _124\"> </span></span>\u2014<span class=\"_ _46\"> </span>\u2014<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs708\">During t<span class=\"_ _0\"></span>he year<span class=\"_ _1\"></span>, the w<span class=\"_ _0\"></span>eighted avera<span class=\"_ _0\"></span>ge share pri<span class=\"_ _0\"></span>ce at the date of e<span class=\"_ _0\"></span>xercise was 1,<span class=\"_ _1\"></span>704<span class=\"_ _0\"></span>p for ESO<span class=\"_ _0\"></span>Ps (F<span class=\"_ _0\"></span>Y 2022: 2,069p) and wa<span class=\"_ _0\"></span>s not appli<span class=\"_ _0\"></span>cable </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs709\">for the Share<span class=\"_ _0\"></span>save Pl<span class=\"_ _0\"></span>an as no Share<span class=\"_ _0\"></span>save Plan o<span class=\"_ _0\"></span>ptions we<span class=\"_ _0\"></span>re exercis<span class=\"_ _0\"></span>ed in F<span class=\"_ _0\"></span>Y 2023 (F<span class=\"_ _0\"></span>Y 2022: 1<span class=\"_ _2\"></span>,784<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>). Det<span class=\"_ _0\"></span>ails of the LTI<span class=\"_ _0\"></span>P and DBS exe<span class=\"_ _0\"></span>rcises are </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs70a\">includ<span class=\"_ _0\"></span>ed in the Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tors\u2019 remu<span class=\"_ _0\"></span>neratio<span class=\"_ _0\"></span>n repor<span class=\"_ _0\"></span>t on p<span class=\"_ _0\"></span>age 1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>9.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs70b\">Fair valu<span class=\"_ _0\"></span>e of sh<span class=\"_ _0\"></span>are op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff2a fs4 fc3 sc0 ls6 ws0 gs70c\">Fair value o<span class=\"_ _0\"></span>f shar<span class=\"_ _0\"></span>e opti<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d weig<span class=\"_ _0\"></span>hte<span class=\"_ _0\"></span>d averag<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs70d\">As a<span class=\"_ _0\"></span>t 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _7f\"> </span><span class=\"ff28\">A<span class=\"_ _0\"></span>s at 3<span class=\"_ _0\"></span>0 Sept<span class=\"_ _0\"></span>embe<span class=\"_ _0\"></span>r 2022<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsdb wsd5 gs70e\">Stoc<span class=\"_ _0\"></span>k<span class=\"_ _a5\"> </span><span class=\"ff28 ls1a6 ws1aa\">Stock<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls129 ws121 gs70f\">Shar<span class=\"_ _0\"></span>esave<span class=\"_ _6b\"> </span><span class=\"ls151 ws14a\">Purchase<span class=\"_ _39\"> </span><span class=\"ff28 ls66 ws62\">Sharesave<span class=\"_ _79\"> </span><span class=\"lsdd wsd7\">Purchase<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls9a ws8f gs710\">ESOP<span class=\"_ _8a\"> </span><span class=\"ls8a ws80\"> Plan<span class=\"_ _6a\"> </span>Plan<span class=\"_ _f6\"> </span><span class=\"ls1a7 ws1ab\">LT<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>P<span class=\"_ _102\"> </span></span>DBS<span class=\"_ _d3\"> </span><span class=\"ff28\">ESOP<span class=\"_ _45\"> </span><span class=\"lsb3 wsaa\"> P<span class=\"_ _0\"></span>lan<span class=\"_ _102\"> </span>Plan<span class=\"_ _109\"> </span><span class=\"lsb6 ws1a4\">LT<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>P<span class=\"_ _d3\"> </span><span class=\"ls198 ws19a\">D<span class=\"_ _0\"></span>BS<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs711\">Fair value at </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs712\">measurement d<span class=\"_ _1\"></span>ate<span class=\"_ _e5\"> </span><span class=\"ff27 ls73 ws6d\">370<span class=\"_ _0\"></span>p<span class=\"_ _ea\"> </span><span class=\"ls14 ws12\">552<span class=\"_ _0\"></span>p<span class=\"_ _ea\"> </span><span class=\"lsf wsd\">16<span class=\"_ _0\"></span>5p<span class=\"_ _63\"> </span>1,<span class=\"_ _0\"></span>55<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p<span class=\"_ _63\"> </span>1,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>p<span class=\"_ _3d\"> </span></span></span></span><span class=\"lsa ws8\">38<span class=\"_ _0\"></span>8p<span class=\"_ _e5\"> </span><span class=\"lsb ws9\">47<span class=\"_ _0\"></span>8p<span class=\"_ _3c\"> </span><span class=\"lsdf wsd9\">14<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>p<span class=\"_ _6d\"> </span><span class=\"ls12d ws125\">1<span class=\"_ _1\"></span>,899p<span class=\"_ _243\"> </span><span class=\"ls7e ws76\">2,<span class=\"_ _0\"></span>272p<span class=\"_ _2cb\"> </span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs713\">Share pri<span class=\"_ _0\"></span>ce at grant <span class=\"_ _4a\"> </span><span class=\"ff27 lsf wsd\">1,97<span class=\"_ _0\"></span>2p<span class=\"_ _63\"> </span><span class=\"ls14f ws148\">1,968p<span class=\"_ _63\"> </span></span>1,75<span class=\"_ _0\"></span>3p<span class=\"_ _77\"> </span>1,9<span class=\"_ _0\"></span>10p<span class=\"_ _295\"> </span><span class=\"ls12d ws125\">1,996p<span class=\"_ _7b\"> </span></span></span><span class=\"ls149 ws141\">2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _6\"></span>8<span class=\"_ _6\"></span>p<span class=\"_ _6b\"> </span><span class=\"ls7e ws76\">2,<span class=\"_ _0\"></span>225p<span class=\"_ _6d\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>9<span class=\"_ _6\"></span>4<span class=\"_ _6\"></span>8<span class=\"_ _0\"></span>p<span class=\"_ _120\"> </span></span>2,3<span class=\"_ _0\"></span>58<span class=\"_ _0\"></span>p<span class=\"_ _295\"> </span><span class=\"ls187 ws18c\">2<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>444p<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs714\">Exe<span class=\"_ _0\"></span>rcise pri<span class=\"_ _0\"></span>ce <span class=\"_ _186\"> </span><span class=\"ff27 lsf wsd\">1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4p<span class=\"_ _295\"> </span>1,5<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>p<span class=\"_ _45\"> </span><span class=\"ls21 ws5f\">n/a<span class=\"_ _f1\"> </span></span></span><span class=\"ff27\">nil p<span class=\"_ _ad\"> </span><span class=\"ls21 ws5f\">n<span class=\"_ _0\"></span>/a<span class=\"_ _ef\"> </span></span></span><span class=\"ls149 ws141\">2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>p<span class=\"_ _71\"> </span><span class=\"ls12c ws124\">1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2p<span class=\"_ _102\"> </span><span class=\"ls16 wsc1\">n/a<span class=\"_ _e9\"> </span></span></span></span>nil p<span class=\"_ _25\"> </span><span class=\"ls16 wsc1\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls73 ws6d gs715\">Ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted vo<span class=\"_ _0\"></span>latilit<span class=\"_ _0\"></span>y <span class=\"_ _3f\"> </span><span class=\"ff27 ls20 wscc\">3<span class=\"_ _0\"></span>0%<span class=\"_ _3f\"> </span><span class=\"ls7d ws100\">29%<span class=\"_ _3f\"> </span><span class=\"ls82 ws78\">2<span class=\"_ _0\"></span>5%<span class=\"_ _3f\"> </span><span class=\"ls1e ws1c\">2<span class=\"_ _0\"></span>8%<span class=\"_ _ad\"> </span><span class=\"ls21 ws5f\">n<span class=\"_ _0\"></span>/a<span class=\"_ _46\"> </span></span></span></span></span></span><span class=\"lsf wsd\">2<span class=\"_ _0\"></span>9%<span class=\"_ _3f\"> </span><span class=\"ls7e ws76\">28%<span class=\"_ _3f\"> </span><span class=\"ls106 wsfe\">2<span class=\"_ _0\"></span>2%<span class=\"_ _3f\"> </span></span>2<span class=\"_ _0\"></span>8%<span class=\"_ _f6\"> </span><span class=\"ls16 wsc1\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls17 ws14 gs716\">Expected divi<span class=\"_ _1\"></span>dends <span class=\"_ _123\"> </span><span class=\"ff27 ls1e ws1c\">2<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>8%<span class=\"_ _e1\"> </span><span class=\"ls12d ws125\">3.0%<span class=\"_ _ef\"> </span><span class=\"lsea wse5\">3<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>4%<span class=\"_ _27\"> </span><span class=\"ls10e ws107\">3<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2%<span class=\"_ _e5\"> </span><span class=\"lscd wse4\">3<span class=\"_ _6\"></span>.1%<span class=\"_ _40\"> </span></span></span><span class=\"ff28\">2.<span class=\"_ _0\"></span>5%<span class=\"_ _ea\"> </span><span class=\"lsc4 ws14b\">2.<span class=\"_ _0\"></span>6%<span class=\"_ _3c\"> </span><span class=\"ls179 ws17c\">3<span class=\"_ _0\"></span>.1%<span class=\"_ _e5\"> </span></span>2.<span class=\"_ _0\"></span>6%<span class=\"_ _ea\"> </span><span class=\"lsdf wsd9\">2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>4%<span class=\"_ _2cb\"> </span></span></span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs717\">Risk-free interest </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6f ws142 gs718\">rate <span class=\"_ _125\"> </span><span class=\"ff27 ls19a ws1ac\">1.<span class=\"_ _0\"></span>6%<span class=\"_ _27\"> </span>2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>6%<span class=\"_ _27\"> </span>2<span class=\"_ _6\"></span>.<span class=\"_ _0\"></span>6%<span class=\"_ _27\"> </span><span class=\"ls20 wscc\">2.<span class=\"_ _0\"></span>0%<span class=\"_ _ad\"> </span><span class=\"ls21 ws5f\">n<span class=\"_ _0\"></span>/a<span class=\"_ _3d\"> </span></span></span></span><span class=\"lsea wse5\">0<span class=\"_ _0\"></span>.5%<span class=\"_ _27\"> </span><span class=\"ls7e ws76\">0<span class=\"_ _0\"></span>.8%<span class=\"_ _27\"> </span><span class=\"ls19 ws16\">0<span class=\"_ _0\"></span>.3%<span class=\"_ _27\"> </span>0<span class=\"_ _0\"></span>.3%<span class=\"_ _25\"> </span><span class=\"ls16 wsc1\">n<span class=\"_ _0\"></span>/a<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs719\">Option lif<span class=\"_ _1\"></span>e<span class=\"_ _88\"> </span><span class=\"ff27 ls9 ws7\">10 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _9c\"> </span><span class=\"ls23 ws20\">3<span class=\"_ _0\"></span>.6 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _123\"> </span>1 yea<span class=\"_ _0\"></span>r<span class=\"_ _67\"> </span></span>10 yea<span class=\"_ _0\"></span>rs<span class=\"_ _294\"> </span><span class=\"ls23 ws20\">8 yea<span class=\"_ _0\"></span>rs<span class=\"_ _63\"> </span></span></span><span class=\"lsa6 ws9b\">10<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _120\"> </span><span class=\"ls6 ws0\">3 year<span class=\"_ _0\"></span>s<span class=\"_ _7b\"> </span>1 year<span class=\"_ _127\"> </span></span>10<span class=\"_ _0\"></span> ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _120\"> </span><span class=\"ls6 ws0\">8 y<span class=\"_ _0\"></span>ears<span class=\"_ _2cb\"> </span></span></span></div><div class=\"t m0 hb ff2a fs4 fc3 sc0 ls6 ws0 gs71b\">Fair value o<span class=\"_ _0\"></span>f shar<span class=\"_ _0\"></span>e opti<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d weig<span class=\"_ _0\"></span>hte<span class=\"_ _0\"></span>d averag<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s<span class=\"ff28 lse wsc\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs71c\">The Comp<span class=\"_ _0\"></span>any uses th<span class=\"_ _0\"></span>e Black-<span class=\"_ _1\"></span>Sch<span class=\"_ _0\"></span>oles m<span class=\"_ _0\"></span>odel fo<span class=\"_ _0\"></span>r calculat<span class=\"_ _0\"></span>ing the fair value o<span class=\"_ _0\"></span>f the share opt<span class=\"_ _0\"></span>ions wh<span class=\"_ _0\"></span>ere there ar<span class=\"_ _0\"></span>e no market-bas<span class=\"_ _0\"></span>ed </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs71d\">per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance condit<span class=\"_ _0\"></span>ions. W<span class=\"_ _0\"></span>here the<span class=\"_ _0\"></span>re are market-ba<span class=\"_ _0\"></span>sed p<span class=\"_ _0\"></span>erfo<span class=\"_ _0\"></span>rmance cond<span class=\"_ _0\"></span>itions a s<span class=\"_ _0\"></span>tochas<span class=\"_ _0\"></span>tic mo<span class=\"_ _0\"></span>del is us<span class=\"_ _0\"></span>ed. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs71e\">The e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d volatili<span class=\"_ _0\"></span>ty is b<span class=\"_ _0\"></span>ased on h<span class=\"_ _0\"></span>istori<span class=\"_ _0\"></span>cal volat<span class=\"_ _0\"></span>ility o<span class=\"_ _0\"></span>ver the pe<span class=\"_ _0\"></span>riod p<span class=\"_ _0\"></span>rior to grant eq<span class=\"_ _0\"></span>ual to the ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted ter<span class=\"_ _0\"></span>m.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs71f\">All shar<span class=\"_ _0\"></span>e options a<span class=\"_ _0\"></span>re granted und<span class=\"_ _0\"></span>er a ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce conditi<span class=\"_ _0\"></span>on and, for ES<span class=\"_ _0\"></span>OP and LTIP<span class=\"_ _2\"></span>, a n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>market condit<span class=\"_ _0\"></span>ion (\u2018EP<span class=\"_ _0\"></span>S\u2019)<span class=\"_ _1\"></span>. Suc<span class=\"_ _0\"></span>h conditio<span class=\"_ _0\"></span>ns are not </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs720\">taken into account in t<span class=\"_ _0\"></span>he grant date fair value m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent of ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces recei<span class=\"_ _0\"></span>ved. In a<span class=\"_ _0\"></span>dditio<span class=\"_ _0\"></span>n, the L<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>IP has a m<span class=\"_ _0\"></span>arket conditi<span class=\"_ _0\"></span>on (\u2018T<span class=\"_ _0\"></span>SR\u2019) and </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs721\">for the LTIP<span class=\"_ _0\"></span>s issu<span class=\"_ _0\"></span>ed from F<span class=\"_ _0\"></span>Y 2022, a fur<span class=\"_ _0\"></span>ther no<span class=\"_ _0\"></span>n-<span class=\"_ _0\"></span>market conditi<span class=\"_ _0\"></span>on for ESG, w<span class=\"_ _0\"></span>hich is t<span class=\"_ _0\"></span>aken into account in the grant date m<span class=\"_ _0\"></span>easurem<span class=\"_ _0\"></span>ent of </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls7b ws75 gs722\">fair value.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs723\">Staff costs \u2013<span class=\"_ _1\"></span> equity-<span class=\"_ _0\"></span>settled share<span class=\"_ _0\"></span>-based payment<span class=\"_ _1\"></span> transactions<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs724\">20<span class=\"_ _0\"></span>23 <span class=\"_ _f6\"> </span><span class=\"ff28 lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls6 ws0 gs725\">Not<span class=\"_ _0\"></span>e <span class=\"_ _124\"> </span><span class=\"ff27\">\u00a3<span class=\"_ _0\"></span>m <span class=\"_ _10d\"> </span></span>\u00a3m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs726\">ESO<span class=\"_ _0\"></span>P <span class=\"_ _298\"> </span> <span class=\"_ _109\"> </span><span class=\"ff27 lse wsc\">(0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>2)<span class=\"_ _42\"> </span></span>(0.5)<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs727\">Shares<span class=\"_ _0\"></span>ave Plan<span class=\"_ _299\"> </span> <span class=\"_ _36\"> </span><span class=\"ff27 lsc wsa\">0.6<span class=\"_ _106\"> </span></span>0.3<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs728\">L<span class=\"_ _1\"></span>T<span class=\"_ _0\"></span>IP and D<span class=\"_ _0\"></span>eferred B<span class=\"_ _0\"></span>onus Sch<span class=\"_ _0\"></span>eme<span class=\"_ _29a\"> </span> <span class=\"_ _10d\"> </span><span class=\"ff27 ls17 ws14\">0.<span class=\"_ _0\"></span>3<span class=\"_ _b7\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs552\">T<span class=\"_ _1\"></span>otal e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y-s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tled shar<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons reco<span class=\"_ _0\"></span>gnised in s<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f cos<span class=\"_ _0\"></span>ts<span class=\"_ _84\"> </span>5<span class=\"_ _b7\"> </span><span class=\"ff27 ls6d wsc6\">0.7<span class=\"_ _b7\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>3<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs553\">Recla<span class=\"_ _0\"></span>ssifi<span class=\"_ _0\"></span>ed from tra<span class=\"_ _0\"></span>de and oth<span class=\"_ _0\"></span>er payabl<span class=\"_ _0\"></span>es<span class=\"_ _29b\"> </span> <span class=\"_ _10d\"> </span><span class=\"ff27 ls17 ws14\">0.<span class=\"_ _0\"></span>4<span class=\"_ _106\"> </span></span><span class=\"ls9 ws7\">0.5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs554\">Amo<span class=\"_ _0\"></span>unt recogn<span class=\"_ _0\"></span>ised dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly in equit<span class=\"_ _0\"></span>y<span class=\"_ _27a\"> </span><span class=\"ff27 lscd wse4\">1.1<span class=\"_ _13a\"> </span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _6\"></span>8</span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-550": {
   "value": "Sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee sh<span class=\"_ _0\"></span>are own<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ship t<span class=\"_ _0\"></span>rus<span class=\"_ _0\"></span>ts (\u2018<span class=\"_ _0\"></span>ESOT<span class=\"_ _0\"></span>\u2019)<span class=\"_ _2cb\"> </span>The fair va<span class=\"_ _0\"></span>lue of the em<span class=\"_ _0\"></span>ployee s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice<span class=\"_ _0\"></span>s receive<span class=\"_ _0\"></span>d in exchang<span class=\"_ _0\"></span>e for the grant of th<span class=\"_ _0\"></span>e options i<span class=\"_ _0\"></span>s recognis<span class=\"_ _0\"></span>ed as an e<span class=\"_ _0\"></span>xpen<span class=\"_ _0\"></span>se with a corre<span class=\"_ _0\"></span>spondi<span class=\"_ _0\"></span>ng increas<span class=\"_ _0\"></span>e in equit<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. Shar<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons are rec<span class=\"_ _0\"></span>harged fro<span class=\"_ _0\"></span>m the Company to tho<span class=\"_ _0\"></span>se subsid<span class=\"_ _0\"></span>iaries b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ting from the s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice of t<span class=\"_ _0\"></span>he emplo<span class=\"_ _0\"></span>yees to wh<span class=\"_ _0\"></span>om opti<span class=\"_ _0\"></span>ons are granted.<span class=\"_ _2cb\"> </span>The tot<span class=\"_ _0\"></span>al amou<span class=\"_ _0\"></span>nt to be exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>d over the ves<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>eriod is d<span class=\"_ _0\"></span>etermin<span class=\"_ _0\"></span>ed by referen<span class=\"_ _0\"></span>ce to the fair value of th<span class=\"_ _0\"></span>e optio<span class=\"_ _0\"></span>ns granted, exclud<span class=\"_ _0\"></span>ing the imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>f any non-<span class=\"_ _0\"></span>market ves<span class=\"_ _0\"></span>ting condi<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>. Non<span class=\"_ _0\"></span>-mar<span class=\"_ _0\"></span>ket vesting co<span class=\"_ _0\"></span>nditio<span class=\"_ _0\"></span>ns are include<span class=\"_ _0\"></span>d in assum<span class=\"_ _0\"></span>ptions ab<span class=\"_ _0\"></span>out the num<span class=\"_ _0\"></span>ber of opti<span class=\"_ _0\"></span>ons that are ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to ve<span class=\"_ _0\"></span>st and in<span class=\"_ _0\"></span>clude emp<span class=\"_ _0\"></span>loyee s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vice p<span class=\"_ _0\"></span>eriod<span class=\"_ _0\"></span>s and per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce targ<span class=\"_ _0\"></span>ets w<span class=\"_ _0\"></span>hich are not re<span class=\"_ _0\"></span>lated to the Company<span class=\"_ _0\"></span>\u2019s share pri<span class=\"_ _0\"></span>ce, such as earning<span class=\"_ _0\"></span>s per share gr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>th. The fair va<span class=\"_ _0\"></span>lue of the opt<span class=\"_ _0\"></span>ions is me<span class=\"_ _0\"></span>asured by th<span class=\"_ _0\"></span>e Black-<span class=\"_ _1\"></span>Sch<span class=\"_ _0\"></span>oles o<span class=\"_ _0\"></span>r St<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>chasti<span class=\"_ _0\"></span>c mod<span class=\"_ _0\"></span>el, tak<span class=\"_ _0\"></span>ing into account the ter<span class=\"_ _0\"></span>ms and condit<span class=\"_ _0\"></span>ions up<span class=\"_ _0\"></span>on which t<span class=\"_ _0\"></span>he instr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s were granted. At ea<span class=\"_ _0\"></span>ch balance sh<span class=\"_ _0\"></span>eet date, the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y revise<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s estim<span class=\"_ _0\"></span>ates of the numb<span class=\"_ _0\"></span>er of opt<span class=\"_ _0\"></span>ions that are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to becom<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>able. It re<span class=\"_ _0\"></span>cognis<span class=\"_ _0\"></span>es the imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of the revis<span class=\"_ _0\"></span>ion of ori<span class=\"_ _0\"></span>ginal est<span class=\"_ _0\"></span>imates, if a<span class=\"_ _0\"></span>ny<span class=\"_ _1\"></span>, in the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement and a co<span class=\"_ _0\"></span>rresp<span class=\"_ _0\"></span>onding ad<span class=\"_ _0\"></span>justm<span class=\"_ _0\"></span>ent to equit<span class=\"_ _0\"></span>y over th<span class=\"_ _0\"></span>e remaining ves<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>eriod.<span class=\"_ _2cb\"> </span>Any failure to me<span class=\"_ _0\"></span>et market cond<span class=\"_ _0\"></span>itions, w<span class=\"_ _0\"></span>hich inclu<span class=\"_ _0\"></span>de per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance targ<span class=\"_ _0\"></span>ets su<span class=\"_ _0\"></span>ch as share pri<span class=\"_ _0\"></span>ce or total sha<span class=\"_ _0\"></span>rehold<span class=\"_ _0\"></span>er return, wo<span class=\"_ _0\"></span>uld not result in a re<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>al of origina<span class=\"_ _0\"></span>l estim<span class=\"_ _0\"></span>ates in the inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement an<span class=\"_ _0\"></span>d any remaining charg<span class=\"_ _0\"></span>es woul<span class=\"_ _0\"></span>d be accele<span class=\"_ _0\"></span>rated.<span class=\"_ _2cb\"> </span>The p<span class=\"_ _0\"></span>rocee<span class=\"_ _0\"></span>ds recei<span class=\"_ _0\"></span>ved, net of any dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>able cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, are credite<span class=\"_ _0\"></span>d to share cap<span class=\"_ _0\"></span>ital (nomina<span class=\"_ _0\"></span>l value) and share prem<span class=\"_ _0\"></span>ium when t<span class=\"_ _0\"></span>he opti<span class=\"_ _0\"></span>ons are exerci<span class=\"_ _0\"></span>sed.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup and Company prov<span class=\"_ _0\"></span>ide fina<span class=\"_ _0\"></span>nce to the ES<span class=\"_ _0\"></span>OT to purchase Company share<span class=\"_ _0\"></span>s in the op<span class=\"_ _0\"></span>en market. Cost<span class=\"_ _0\"></span>s of running t<span class=\"_ _0\"></span>he ESOT are charg<span class=\"_ _0\"></span>ed to the incom<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>atement. T<span class=\"_ _0\"></span>he cos<span class=\"_ _0\"></span>t of shares hel<span class=\"_ _0\"></span>d by the ES<span class=\"_ _0\"></span>OT is deduc<span class=\"_ _0\"></span>ted in ar<span class=\"_ _0\"></span>riving a<span class=\"_ _0\"></span>t equit<span class=\"_ _0\"></span>y until the<span class=\"_ _0\"></span>y are exercis<span class=\"_ _0\"></span>ed by<span class=\"_ gs1\"> </span>empl<span class=\"_ _0\"></span>oyees<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>All shar<span class=\"_ _0\"></span>e-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>ed paym<span class=\"_ _0\"></span>ent cost<span class=\"_ _0\"></span>s are rec<span class=\"_ _0\"></span>harged to th<span class=\"_ _0\"></span>e trading enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "22<span class=\"_ _0\"></span>. Share c<span class=\"_ _0\"></span>apital a<span class=\"_ _0\"></span>nd reser<span class=\"_ _0\"></span>ves<span class=\"_ _2cb\"> </span>Share capital<span class=\"_ _2cb\"> </span>2023<span class=\"_ _29c\"> </span><span class=\"ff28 lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span>Number <span class=\"_ _bf\"> </span><span class=\"ls66 ws62\">\u00a3m<span class=\"_ _c2\"> </span><span class=\"ff28 ls6 ws0\">N<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er <span class=\"_ _59\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></span></span>All<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, call<span class=\"_ _0\"></span>ed up a<span class=\"_ _0\"></span>nd ful<span class=\"_ _0\"></span>ly pai<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>res of 1p ea<span class=\"_ _0\"></span>ch<span class=\"_ _2cb\"> </span>Ordinar<span class=\"_ _0\"></span>y shares <span class=\"_ _30\"> </span>At 1 Oc<span class=\"_ _0\"></span>tober 2022 and 1 O<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tober 2021<span class=\"_ _c8\"> </span><span class=\"ff27 lsa ws8\">8<span class=\"_ _0\"></span>6,995<span class=\"_ _0\"></span>,029<span class=\"_ _31\"> </span><span class=\"lsc wsa\">0.9<span class=\"_ _70\"> </span></span></span><span class=\"ls6d wsc6\">86,9<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>,573<span class=\"_ _f9\"> </span><span class=\"ls7e ws76\">0<span class=\"_ _0\"></span>.9</span></span> <span class=\"_ _30\"> </span>Is<span class=\"_ _0\"></span>sued for ca<span class=\"_ _0\"></span>sh <span class=\"_ _29d\"> </span><span class=\"ff27 ls1a8 ws1ad\">23<span class=\"_ _1\"></span>,348<span class=\"_ _29e\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _36\"> </span><span class=\"ff28 ls1e ws1c\">26<span class=\"_ _0\"></span>,45<span class=\"_ _0\"></span>6<span class=\"_ _29\"> </span></span><span class=\"ff28\">\u2014<span class=\"_ _2cb\"> </span></span></span></span>At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3 and 3<span class=\"_ _0\"></span>0 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _189\"> </span><span class=\"fc3 lsa ws8\">87<span class=\"_ _2\"></span>,018,<span class=\"_ _0\"></span>377<span class=\"_ _31\"> </span><span class=\"lsc wsa\">0.9<span class=\"_ _70\"> </span><span class=\"ff28 ls87 ws7d\">86,<span class=\"_ _1\"></span>995,<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>9<span class=\"_ _1e9\"> </span><span class=\"ls7e ws76\">0.9<span class=\"_ _2cb\"> </span></span></span></span></span>The h<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>rs of ordina<span class=\"_ _0\"></span>ry s<span class=\"_ _0\"></span>hares are enti<span class=\"_ _0\"></span>tled to re<span class=\"_ _0\"></span>ceive div<span class=\"_ _0\"></span>idend<span class=\"_ _0\"></span>s as decl<span class=\"_ _0\"></span>ared from tim<span class=\"_ _0\"></span>e to time and a<span class=\"_ _0\"></span>re entitle<span class=\"_ _0\"></span>d to one vote pe<span class=\"_ _0\"></span>r ordinar<span class=\"_ _0\"></span>y share at me<span class=\"_ _0\"></span>etings of the Comp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>Share prem<span class=\"_ _1\"></span>ium<span class=\"_ _2cb\"> </span>During t<span class=\"_ _0\"></span>he year 23,34<span class=\"_ _0\"></span>8 (F<span class=\"_ _0\"></span>Y 2022: 26,456) share<span class=\"_ _0\"></span>s were issu<span class=\"_ _0\"></span>ed for cas<span class=\"_ _0\"></span>h, resulting in a<span class=\"_ _0\"></span>n increase i<span class=\"_ _0\"></span>n share premium of \u00a30.4<span class=\"_ _0\"></span>m (F<span class=\"_ _0\"></span>Y 2022: \u00a3<span class=\"_ _1\"></span>0.4<span class=\"_ _0\"></span>m)<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>Retaine<span class=\"_ _0\"></span>d earnings<span class=\"_ _2cb\"> </span>Reta<span class=\"_ _0\"></span>ined ear<span class=\"_ _0\"></span>nings have be<span class=\"_ _0\"></span>en reduce<span class=\"_ _0\"></span>d by the res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve for own sha<span class=\"_ _0\"></span>res, whi<span class=\"_ _0\"></span>ch consist<span class=\"_ _0\"></span>s of the co<span class=\"_ _0\"></span>st of share<span class=\"_ _0\"></span>s of Vic<span class=\"_ _0\"></span>trex p<span class=\"_ _0\"></span>lc held by e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>e trus<span class=\"_ _0\"></span>ts, a<span class=\"_ _0\"></span>nd are adminis<span class=\"_ _0\"></span>tered by in<span class=\"_ _0\"></span>depe<span class=\"_ _0\"></span>ndent tru<span class=\"_ _0\"></span>stee<span class=\"_ _0\"></span>s. The tot<span class=\"_ _0\"></span>al numb<span class=\"_ _0\"></span>er of shares he<span class=\"_ _0\"></span>ld in trus<span class=\"_ _0\"></span>t as at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023 was 75,847 (30<span class=\"_ gs1\"> </span>Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>: 87<span class=\"_ _2\"></span>,9<span class=\"_ _0\"></span>03<span class=\"_ _1\"></span>). Dis<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>ion of share<span class=\"_ _0\"></span>s from the tr<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>s is at the dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>n of the trus<span class=\"_ _0\"></span>tees<span class=\"_ _0\"></span>. Divi<span class=\"_ _0\"></span>dends at<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ching to thes<span class=\"_ _0\"></span>e shares have be<span class=\"_ _0\"></span>en waive<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span>T<span class=\"_ _2\"></span>ranslation reser<span class=\"_ _0\"></span>ve<span class=\"_ _2cb\"> </span>The t<span class=\"_ _0\"></span>ranslatio<span class=\"_ _0\"></span>n reser<span class=\"_ _0\"></span>ve com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s all foreign e<span class=\"_ _0\"></span>xchange dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s, since 1 O<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>04 (as per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>), arisin<span class=\"_ _0\"></span>g from the translati<span class=\"_ _0\"></span>on of the fi<span class=\"_ _0\"></span>nancial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts of forei<span class=\"_ _0\"></span>gn opera<span class=\"_ _0\"></span>tions, a<span class=\"_ _0\"></span>djusted fo<span class=\"_ _0\"></span>r exchange di<span class=\"_ _0\"></span>ffere<span class=\"_ _0\"></span>nces arisin<span class=\"_ _0\"></span>g on intragrou<span class=\"_ _0\"></span>p monet<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y items, that,<span class=\"_ gs1\"> </span>in sub<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nce, form par<span class=\"_ _0\"></span>t of the ent<span class=\"_ _0\"></span>ity<span class=\"_ _0\"></span>\u2019s net investm<span class=\"_ _0\"></span>ent in a foreign o<span class=\"_ _0\"></span>perat<span class=\"_ _0\"></span>ion.<span class=\"_ _2cb\"> </span>Hedging reserve<span class=\"_ _2cb\"> </span>The h<span class=\"_ _0\"></span>edging re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve comp<span class=\"_ _0\"></span>rises t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive por<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the cumu<span class=\"_ _0\"></span>lative net c<span class=\"_ _0\"></span>hange in the fair v<span class=\"_ _0\"></span>alue of cas<span class=\"_ _0\"></span>h flow hed<span class=\"_ _0\"></span>ging inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s related to f<span class=\"_ _1\"></span>orecast hedged transactions.<span class=\"_ _2cb\"> </span>Dividends t<span class=\"_ _1\"></span>o shareholders<span class=\"_ _2cb\"> </span>Dividend d<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>tri<span class=\"_ _1\"></span>bution<span class=\"_ _2cb\"> </span>Div<span class=\"_ _0\"></span>idend di<span class=\"_ _0\"></span>strib<span class=\"_ _0\"></span>ution to th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany\u2019s shareho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s is recog<span class=\"_ _0\"></span>nised as a li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y in the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s in the p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d in which the di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>ds are appro<span class=\"_ _0\"></span>ved.<span class=\"_ _2cb\"> </span><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs748\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs749\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs74a\">Y<span class=\"_ _1\"></span>ear e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21<span class=\"_ _29f\"> </span><span class=\"ff28 fc3\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs74b\">\u2013 Final di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>d paid Fe<span class=\"_ _0\"></span>bruar<span class=\"_ _0\"></span>y 2022 at 4<span class=\"_ _0\"></span>6.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>p per ordi<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y share<span class=\"_ _170\"> </span><span class=\"ff27\">\u2014<span class=\"_ _42\"> </span></span><span class=\"lse wsc\">4<span class=\"_ _0\"></span>0.0<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs74c\">\u2013 Spe<span class=\"_ _0\"></span>cial div<span class=\"_ _0\"></span>idend p<span class=\"_ _0\"></span>aid Feb<span class=\"_ _0\"></span>ruar<span class=\"_ _0\"></span>y 2022 at 50.0<span class=\"_ _0\"></span>0p pe<span class=\"_ _0\"></span>r ordinar<span class=\"_ _0\"></span>y share<span class=\"_ _2a0\"> </span><span class=\"ff27\">\u2014<span class=\"_ _8b\"> </span></span><span class=\"ls9 ws7\">43.5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs74d\">Y<span class=\"_ _1\"></span>ear e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _29f\"> </span><span class=\"ff28 fc3\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs74e\">\u2013 Interim d<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>end paid J<span class=\"_ _0\"></span>une 2022 at 1<span class=\"_ _1\"></span>3.42p per ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re<span class=\"_ _194\"> </span><span class=\"ff27\">\u2014<span class=\"_ _6a\"> </span></span><span class=\"lse3 wsdd\">11<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs74f\">\u2013 Final di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>d paid Fe<span class=\"_ _0\"></span>bruar<span class=\"_ _0\"></span>y 2023 at 4<span class=\"_ _0\"></span>6.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>p per ordi<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y share<span class=\"_ _24f\"> </span><span class=\"ff27 lscd wse4\">4<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _ee\"> </span></span>\u2014<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs750\">Y<span class=\"_ _1\"></span>ear e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _29f\"> </span><span class=\"ff28 fc3\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs751\">\u2013 Interim d<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>end paid J<span class=\"_ _0\"></span>une 2023 at 1<span class=\"_ _1\"></span>3.42p per ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re<span class=\"_ _169\"> </span><span class=\"ff27 lse1 wsdb\">11<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _10b\"> </span></span>\u2014</div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs752\"> <span class=\"_ _2a1\"> </span><span class=\"ff27 ls1b ws19\">51.<span class=\"_ _0\"></span>8<span class=\"_ _8b\"> </span></span>95.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs753\">A final di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>d in respe<span class=\"_ _0\"></span>ct of 2023 of \u00a34<span class=\"_ _0\"></span>0.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m (46<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>4p p<span class=\"_ _0\"></span>er ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re) has been re<span class=\"_ _0\"></span>commend<span class=\"_ _0\"></span>ed by the D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors for a<span class=\"_ _0\"></span>pproval at th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs754\">Annual G<span class=\"_ _0\"></span>eneral M<span class=\"_ _0\"></span>eetin<span class=\"_ _0\"></span>g in Febr<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 202<span class=\"_ _1\"></span>4. T<span class=\"_ _0\"></span>hese f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts do n<span class=\"_ _0\"></span>ot refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>is divid<span class=\"_ _0\"></span>end.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "<div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls8 ws6 gs72a\">Share capital<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs72b\">2023<span class=\"_ _29c\"> </span><span class=\"ff28 lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls8a ws80 gs72c\">Number <span class=\"_ _bf\"> </span><span class=\"ls66 ws62\">\u00a3m<span class=\"_ _c2\"> </span><span class=\"ff28 ls6 ws0\">N<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er <span class=\"_ _59\"> </span><span class=\"lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls6 ws0 gs72d\">All<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, call<span class=\"_ _0\"></span>ed up a<span class=\"_ _0\"></span>nd ful<span class=\"_ _0\"></span>ly pai<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>res of 1p ea<span class=\"_ _0\"></span>ch<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc2 sc0 ls18 ws15 gs72e\">Ordinar<span class=\"_ _0\"></span>y shares</div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs72f\"> <span class=\"_ _30\"> </span>At 1 Oc<span class=\"_ _0\"></span>tober 2022 and 1 O<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tober 2021<span class=\"_ _c8\"> </span><span class=\"ff27 lsa ws8\">8<span class=\"_ _0\"></span>6,995<span class=\"_ _0\"></span>,029<span class=\"_ _31\"> </span><span class=\"lsc wsa\">0.9<span class=\"_ _70\"> </span></span></span><span class=\"ls6d wsc6\">86,9<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>,573<span class=\"_ _f9\"> </span><span class=\"ls7e ws76\">0<span class=\"_ _0\"></span>.9</span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs730\"> <span class=\"_ _30\"> </span>Is<span class=\"_ _0\"></span>sued for ca<span class=\"_ _0\"></span>sh <span class=\"_ _29d\"> </span><span class=\"ff27 ls1a8 ws1ad\">23<span class=\"_ _1\"></span>,348<span class=\"_ _29e\"> </span><span class=\"ls6 ws0\">\u2014<span class=\"_ _36\"> </span><span class=\"ff28 ls1e ws1c\">26<span class=\"_ _0\"></span>,45<span class=\"_ _0\"></span>6<span class=\"_ _29\"> </span></span><span class=\"ff28\">\u2014<span class=\"_ _2cb\"> </span></span></span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs731\">At 30 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>3 and 3<span class=\"_ _0\"></span>0 Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _189\"> </span><span class=\"fc3 lsa ws8\">87<span class=\"_ _2\"></span>,018,<span class=\"_ _0\"></span>377<span class=\"_ _31\"> </span><span class=\"lsc wsa\">0.9<span class=\"_ _70\"> </span><span class=\"ff28 ls87 ws7d\">86,<span class=\"_ _1\"></span>995,<span class=\"_ _1\"></span>02<span class=\"_ _1\"></span>9<span class=\"_ _1e9\"> </span><span class=\"ls7e ws76\">0.9<span class=\"_ _2cb\"> </span></span></span></span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs732\">The h<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>rs of ordina<span class=\"_ _0\"></span>ry s<span class=\"_ _0\"></span>hares are enti<span class=\"_ _0\"></span>tled to re<span class=\"_ _0\"></span>ceive div<span class=\"_ _0\"></span>idend<span class=\"_ _0\"></span>s as decl<span class=\"_ _0\"></span>ared from tim<span class=\"_ _0\"></span>e to time and a<span class=\"_ _0\"></span>re entitle<span class=\"_ _0\"></span>d to one vote pe<span class=\"_ _0\"></span>r ordinar<span class=\"_ _0\"></span>y share </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs733\">at me<span class=\"_ _0\"></span>etings of the Comp<span class=\"_ _0\"></span>any<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "<div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls17 ws14 gs735\">Share prem<span class=\"_ _1\"></span>ium<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls9 ws0 gs736\">During t<span class=\"_ _0\"></span>he year 23,34<span class=\"_ _0\"></span>8 (F<span class=\"_ _0\"></span>Y 2022: 26,456) share<span class=\"_ _0\"></span>s were issu<span class=\"_ _0\"></span>ed for cas<span class=\"_ _0\"></span>h, resulting in a<span class=\"_ _0\"></span>n increase i<span class=\"_ _0\"></span>n share premium of \u00a30.4<span class=\"_ _0\"></span>m (F<span class=\"_ _0\"></span>Y 2022: \u00a3<span class=\"_ _1\"></span>0.4<span class=\"_ _0\"></span>m)<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls7 ws5 gs737\">Retaine<span class=\"_ _0\"></span>d earnings<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs738\">Reta<span class=\"_ _0\"></span>ined ear<span class=\"_ _0\"></span>nings have be<span class=\"_ _0\"></span>en reduce<span class=\"_ _0\"></span>d by the res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve for own sha<span class=\"_ _0\"></span>res, whi<span class=\"_ _0\"></span>ch consist<span class=\"_ _0\"></span>s of the co<span class=\"_ _0\"></span>st of share<span class=\"_ _0\"></span>s of Vic<span class=\"_ _0\"></span>trex p<span class=\"_ _0\"></span>lc held by e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs739\">trus<span class=\"_ _0\"></span>ts, a<span class=\"_ _0\"></span>nd are adminis<span class=\"_ _0\"></span>tered by in<span class=\"_ _0\"></span>depe<span class=\"_ _0\"></span>ndent tru<span class=\"_ _0\"></span>stee<span class=\"_ _0\"></span>s. The tot<span class=\"_ _0\"></span>al numb<span class=\"_ _0\"></span>er of shares he<span class=\"_ _0\"></span>ld in trus<span class=\"_ _0\"></span>t as at 30 Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2023 was 75,847 </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs73a\">(30<span class=\"_ gs1\"> </span>Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 2022<span class=\"_ _1\"></span>: 87<span class=\"_ _2\"></span>,9<span class=\"_ _0\"></span>03<span class=\"_ _1\"></span>). Dis<span class=\"_ _0\"></span>tribut<span class=\"_ _0\"></span>ion of share<span class=\"_ _0\"></span>s from the tr<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>s is at the dis<span class=\"_ _0\"></span>cretio<span class=\"_ _0\"></span>n of the trus<span class=\"_ _0\"></span>tees<span class=\"_ _0\"></span>. Divi<span class=\"_ _0\"></span>dends at<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ching to thes<span class=\"_ _0\"></span>e shares </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs73b\">have be<span class=\"_ _0\"></span>en waive<span class=\"_ _0\"></span>d.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls42 ws3e gs73c\">T<span class=\"_ _2\"></span>ranslation reser<span class=\"_ _0\"></span>ve<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs73d\">The t<span class=\"_ _0\"></span>ranslatio<span class=\"_ _0\"></span>n reser<span class=\"_ _0\"></span>ve com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s all foreign e<span class=\"_ _0\"></span>xchange dif<span class=\"_ _0\"></span>ference<span class=\"_ _0\"></span>s, since 1 O<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>04 (as per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted by IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>), arisin<span class=\"_ _0\"></span>g from the </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs73e\">translati<span class=\"_ _0\"></span>on of the fi<span class=\"_ _0\"></span>nancial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts of forei<span class=\"_ _0\"></span>gn opera<span class=\"_ _0\"></span>tions, a<span class=\"_ _0\"></span>djusted fo<span class=\"_ _0\"></span>r exchange di<span class=\"_ _0\"></span>ffere<span class=\"_ _0\"></span>nces arisin<span class=\"_ _0\"></span>g on intragrou<span class=\"_ _0\"></span>p monet<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y items, </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs73f\">that,<span class=\"_ gs1\"> </span>in sub<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nce, form par<span class=\"_ _0\"></span>t of the ent<span class=\"_ _0\"></span>ity<span class=\"_ _0\"></span>\u2019s net investm<span class=\"_ _0\"></span>ent in a foreign o<span class=\"_ _0\"></span>perat<span class=\"_ _0\"></span>ion.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls1d ws1b gs740\">Hedging reserve<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs741\">The h<span class=\"_ _0\"></span>edging re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve comp<span class=\"_ _0\"></span>rises t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive por<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the cumu<span class=\"_ _0\"></span>lative net c<span class=\"_ _0\"></span>hange in the fair v<span class=\"_ _0\"></span>alue of cas<span class=\"_ _0\"></span>h flow hed<span class=\"_ _0\"></span>ging inst<span class=\"_ _0\"></span>rument<span class=\"_ _0\"></span>s related </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs742\">to f<span class=\"_ _1\"></span>orecast hedged transactions.<span class=\"_ _2cb\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "Dividends t<span class=\"_ _1\"></span>o shareholders<span class=\"_ _2cb\"> </span>Dividend d<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>tri<span class=\"_ _1\"></span>bution<span class=\"_ _2cb\"> </span>Div<span class=\"_ _0\"></span>idend di<span class=\"_ _0\"></span>strib<span class=\"_ _0\"></span>ution to th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany\u2019s shareho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s is recog<span class=\"_ _0\"></span>nised as a li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y in the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s in the p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d in which the di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>ds are appro<span class=\"_ _0\"></span>ved.<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span>Y<span class=\"_ _1\"></span>ear e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21<span class=\"_ _29f\"> </span><span class=\"ff28 fc3\"> </span>\u2013 Final di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>d paid Fe<span class=\"_ _0\"></span>bruar<span class=\"_ _0\"></span>y 2022 at 4<span class=\"_ _0\"></span>6.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>p per ordi<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y share<span class=\"_ _170\"> </span><span class=\"ff27\">\u2014<span class=\"_ _42\"> </span></span><span class=\"lse wsc\">4<span class=\"_ _0\"></span>0.0<span class=\"_ _2cb\"> </span></span>\u2013 Spe<span class=\"_ _0\"></span>cial div<span class=\"_ _0\"></span>idend p<span class=\"_ _0\"></span>aid Feb<span class=\"_ _0\"></span>ruar<span class=\"_ _0\"></span>y 2022 at 50.0<span class=\"_ _0\"></span>0p pe<span class=\"_ _0\"></span>r ordinar<span class=\"_ _0\"></span>y share<span class=\"_ _2a0\"> </span><span class=\"ff27\">\u2014<span class=\"_ _8b\"> </span></span><span class=\"ls9 ws7\">43.5<span class=\"_ _2cb\"> </span></span>Y<span class=\"_ _1\"></span>ear e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _29f\"> </span><span class=\"ff28 fc3\"> </span>\u2013 Interim d<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>end paid J<span class=\"_ _0\"></span>une 2022 at 1<span class=\"_ _1\"></span>3.42p per ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re<span class=\"_ _194\"> </span><span class=\"ff27\">\u2014<span class=\"_ _6a\"> </span></span><span class=\"lse3 wsdd\">11<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _2cb\"> </span></span>\u2013 Final di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>d paid Fe<span class=\"_ _0\"></span>bruar<span class=\"_ _0\"></span>y 2023 at 4<span class=\"_ _0\"></span>6.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>p per ordi<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y share<span class=\"_ _24f\"> </span><span class=\"ff27 lscd wse4\">4<span class=\"_ _6\"></span>0<span class=\"_ _6\"></span>.1<span class=\"_ _ee\"> </span></span>\u2014<span class=\"_ _2cb\"> </span>Y<span class=\"_ _1\"></span>ear e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 30 S<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _29f\"> </span><span class=\"ff28 fc3\"> </span>\u2013 Interim d<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>end paid J<span class=\"_ _0\"></span>une 2023 at 1<span class=\"_ _1\"></span>3.42p per ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re<span class=\"_ _169\"> </span><span class=\"ff27 lse1 wsdb\">11<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>7<span class=\"_ _10b\"> </span></span>\u2014 <span class=\"_ _2a1\"> </span><span class=\"ff27 ls1b ws19\">51.<span class=\"_ _0\"></span>8<span class=\"_ _8b\"> </span></span>95.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span>A final di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>d in respe<span class=\"_ _0\"></span>ct of 2023 of \u00a34<span class=\"_ _0\"></span>0.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>m (46<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>4p p<span class=\"_ _0\"></span>er ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re) has been re<span class=\"_ _0\"></span>commend<span class=\"_ _0\"></span>ed by the D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors for a<span class=\"_ _0\"></span>pproval at th<span class=\"_ _0\"></span>e Annual G<span class=\"_ _0\"></span>eneral M<span class=\"_ _0\"></span>eetin<span class=\"_ _0\"></span>g in Febr<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 202<span class=\"_ _1\"></span>4. T<span class=\"_ _0\"></span>hese f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts do n<span class=\"_ _0\"></span>ot refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>is divid<span class=\"_ _0\"></span>end.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-551": {
   "value": "Dividend d<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>tri<span class=\"_ _1\"></span>bution<span class=\"_ _2cb\"> </span>Div<span class=\"_ _0\"></span>idend di<span class=\"_ _0\"></span>strib<span class=\"_ _0\"></span>ution to th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany\u2019s shareho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s is recog<span class=\"_ _0\"></span>nised as a li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y in the Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s in the p<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>d in which the di<span class=\"_ _0\"></span>viden<span class=\"_ _0\"></span>ds are appro<span class=\"_ _0\"></span>ved.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "<div class=\"t m0 h9 ff27 fs6 fc2 sc0 ls6 ws0 gs756\">23. Rel<span class=\"_ _0\"></span>ated par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y transac<span class=\"_ _0\"></span>tions<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 lsc wsa gs757\">Identity of relat<span class=\"_ _1\"></span>ed parties<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs758\">T<span class=\"_ _1\"></span>ransa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the Company and i<span class=\"_ _0\"></span>ts subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _0\"></span>s, whic<span class=\"_ _0\"></span>h are related p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>ies, have b<span class=\"_ _0\"></span>een elim<span class=\"_ _0\"></span>inated on cons<span class=\"_ _0\"></span>olidati<span class=\"_ _0\"></span>on and so a<span class=\"_ _0\"></span>re only </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs759\">discl<span class=\"_ _0\"></span>osed fo<span class=\"_ _0\"></span>r the Company\u2019s financi<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff28 fs17 fc3 sc0 ls151 ws14a gs75a\">Compan<span class=\"_ _1\"></span>y<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs75b\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls66 ws62 gs75c\">\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs75d\">T<span class=\"_ _1\"></span>rad<span class=\"_ _0\"></span>ing tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s with s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>ries<span class=\"_ _174\"> </span><span class=\"ff28 fc3\"> <span class=\"_ _163\"> </span><span class=\"ff27\"> <span class=\"_ _d1\"> </span></span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs75e\">Adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses pai<span class=\"_ _0\"></span>d on Company\u2019s beha<span class=\"_ _0\"></span>lf by subsidia<span class=\"_ _0\"></span>ries <span class=\"_ _8f\"> </span> <span class=\"_ _36\"> </span><span class=\"ff27 ls6d wsc6\">0.7<span class=\"_ _b7\"> </span></span>0.4<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff27 fs4 fc2 sc0 ls6 ws0 gs75f\">Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ng tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons w<span class=\"_ _0\"></span>ith su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _a0\"> </span><span class=\"ff28 fc3\"> <span class=\"_ _158\"> </span> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs760\">Div<span class=\"_ _0\"></span>idends r<span class=\"_ _0\"></span>eceive<span class=\"_ _0\"></span>d from subsid<span class=\"_ _0\"></span>iaries<span class=\"_ _2a2\"> </span> <span class=\"_ _88\"> </span><span class=\"ff27\">\u2014<span class=\"_ _3f\"> </span></span><span class=\"lse2 wsdc\">13<span class=\"_ _0\"></span>2.<span class=\"_ _6\"></span>8<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs761\">Cash trans<span class=\"_ _0\"></span>fers re<span class=\"_ _0\"></span>ceived fro<span class=\"_ _0\"></span>m subsidiar<span class=\"_ _0\"></span>ies<span class=\"_ _98\"> </span> <span class=\"_ _25\"> </span><span class=\"ff27 lsa7 wscd\">56.0<span class=\"_ _43\"> </span></span><span class=\"lsdf wsd9\">14<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs762\">Cash trans<span class=\"_ _0\"></span>fers mad<span class=\"_ _0\"></span>e to subsidia<span class=\"_ _0\"></span>ries<span class=\"_ _1c8\"> </span> <span class=\"_ _10d\"> </span><span class=\"ff27 ls199 ws19b\">4.8<span class=\"_ _3b\"> </span></span><span class=\"lsfb wsf5\">19<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>9<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs763\">Amo<span class=\"_ _0\"></span>unts re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>le from subsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s are discl<span class=\"_ _0\"></span>osed in n<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>4.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs764\">The G<span class=\"_ _0\"></span>roup\u2019s retirement b<span class=\"_ _0\"></span>enefit p<span class=\"_ _0\"></span>lans are relate<span class=\"_ _0\"></span>d par<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d the Group\u2019s and Company<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions w<span class=\"_ _0\"></span>ith the<span class=\"_ _0\"></span>m are discl<span class=\"_ _0\"></span>osed in n<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs765\">Det<span class=\"_ _0\"></span>ails of trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions duri<span class=\"_ _0\"></span>ng the year rel<span class=\"_ _0\"></span>ating to the Company<span class=\"_ _0\"></span>\u2019s investme<span class=\"_ _0\"></span>nts in subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _0\"></span>s can be fou<span class=\"_ _0\"></span>nd in note 1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs766\">Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance T<span class=\"_ _1\"></span>echn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y BV (\u2018Bon<span class=\"_ _0\"></span>d\u2019), in which t<span class=\"_ _0\"></span>he Group has a 24.5% sharehold<span class=\"_ _0\"></span>ing (F<span class=\"_ _0\"></span>Y 2022: 2<span class=\"_ _1\"></span>4.5%<span class=\"_ _2\"></span>), is an as<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>ted </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs767\">company. The Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions w<span class=\"_ _0\"></span>ith Bon<span class=\"_ _0\"></span>d in the year com<span class=\"_ _0\"></span>prise B<span class=\"_ _0\"></span>ond bei<span class=\"_ _0\"></span>ng engage<span class=\"_ _0\"></span>d to provid<span class=\"_ _0\"></span>e technic<span class=\"_ _0\"></span>al ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces of \u00a33<span class=\"_ _0\"></span>4,0<span class=\"_ _0\"></span>00 for th<span class=\"_ _0\"></span>e </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs768\">Group (F<span class=\"_ _0\"></span>Y 2022: none), the add<span class=\"_ _0\"></span>itional t<span class=\"_ _0\"></span>ranches of co<span class=\"_ _0\"></span>nver<span class=\"_ _0\"></span>tible lo<span class=\"_ _0\"></span>ans made to B<span class=\"_ _0\"></span>ond, and th<span class=\"_ _0\"></span>e share of los<span class=\"_ _0\"></span>s recogn<span class=\"_ _0\"></span>ised as s<span class=\"_ _0\"></span>et out in note 1<span class=\"_ _2\"></span>1. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs769\">The<span class=\"_ _0\"></span>re was no s<span class=\"_ _0\"></span>ale of materia<span class=\"_ _0\"></span>l to Bond in the c<span class=\"_ _0\"></span>urrent year (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a333,0<span class=\"_ _0\"></span>00).<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h7 ff27 fs4 fc3 sc0 ls6 ws0 gs76a\">T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns wi<span class=\"_ _0\"></span>th key man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>nel<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs76b\">The key mana<span class=\"_ _0\"></span>gement of t<span class=\"_ _0\"></span>he Group an<span class=\"_ _0\"></span>d C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany are thos<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>ople hav<span class=\"_ _0\"></span>ing author<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y and resp<span class=\"_ _0\"></span>onsibilit<span class=\"_ _0\"></span>y for pla<span class=\"_ _0\"></span>nning, direc<span class=\"_ _0\"></span>ting an<span class=\"_ _0\"></span>d </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs76c\">controllin<span class=\"_ _0\"></span>g the ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities of t<span class=\"_ _0\"></span>he Group and co<span class=\"_ _0\"></span>nsist of th<span class=\"_ _0\"></span>e Board of Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tors. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs76d\">C<span class=\"_ _1\"></span>ompens<span class=\"_ _0\"></span>ation of<span class=\"_ _1\"></span> key man<span class=\"_ _1\"></span>agem<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span> per<span class=\"_ _0\"></span>sonnel is shown i<span class=\"_ _1\"></span>n the table below:<span class=\"_ _2cb\"> </span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 lsd8 wsd1 gs76e\">2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 h34 ff27 fs17 fc3 sc0 ls6 ws0 gs76f\">\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs770\">Short-term employment benefits<span class=\"_ _287\"> </span><span class=\"ff27 ls12d ws125\">2.0<span class=\"_ _b7\"> </span></span><span class=\"ls29 ws26\">2.5<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls15 ws13 gs771\">Post-employm<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span> bene<span class=\"_ _0\"></span>fits <span class=\"_ _1e6\"> </span><span class=\"ff27 ls17 ws14\">0.2<span class=\"_ _106\"> </span></span><span class=\"ls6 ws0\">0.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs772\">Share<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>ased p<span class=\"_ _0\"></span>ayment b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts <span class=\"_ _2a3\"> </span><span class=\"ff27\">\u2014<span class=\"_ _b7\"> </span></span><span class=\"ls9 ws7\">0.5</span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs773\"> <span class=\"_ _2a4\"> </span><span class=\"ff27 lsfa wsf4\">2.2<span class=\"_ _106\"> </span></span><span class=\"ls9 ws7\">3.2<span class=\"_ _2cb\"> </span></span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls18 ws15 gs774\">More detailed in<span class=\"_ _1\"></span>formation c<span class=\"_ _1\"></span>oncerning<span class=\"_ _1\"></span> Direc<span class=\"_ _0\"></span>tors\u2019<span class=\"_ _1\"></span> remuneration<span class=\"_ _1\"></span>, includ<span class=\"_ _1\"></span>ing non-<span class=\"_ _0\"></span>cash benefits and<span class=\"_ _1\"></span> contribution<span class=\"_ _1\"></span>s to post-employment defined<span class=\"_ _1\"></span> </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs775\">ben<span class=\"_ _0\"></span>efit plans<span class=\"_ _0\"></span>, is given in th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s\u2019 remunerati<span class=\"_ _0\"></span>on repo<span class=\"_ _0\"></span>rt o<span class=\"_ _0\"></span>n page<span class=\"_ _0\"></span>s 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0 to 1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>3. </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs776\">Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s of the Company contro<span class=\"_ _0\"></span>l 0.08% of the vot<span class=\"_ _0\"></span>ing shares of th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany<span class=\"_ _1\"></span>, de<span class=\"_ _0\"></span>tails of w<span class=\"_ _0\"></span>hich are give<span class=\"_ _0\"></span>n on page 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs777\">Det<span class=\"_ _0\"></span>ails of Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s\u2019 inde<span class=\"_ _0\"></span>mnities a<span class=\"_ _0\"></span>re given on p<span class=\"_ _0\"></span>age 1<span class=\"_ _1\"></span>25.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "23. Rel<span class=\"_ _0\"></span>ated par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y transac<span class=\"_ _0\"></span>tions<span class=\"_ _2cb\"> </span>Identity of relat<span class=\"_ _1\"></span>ed parties<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>ransa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the Company and i<span class=\"_ _0\"></span>ts subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _0\"></span>s, whic<span class=\"_ _0\"></span>h are related p<span class=\"_ _0\"></span>art<span class=\"_ _0\"></span>ies, have b<span class=\"_ _0\"></span>een elim<span class=\"_ _0\"></span>inated on cons<span class=\"_ _0\"></span>olidati<span class=\"_ _0\"></span>on and so a<span class=\"_ _0\"></span>re only discl<span class=\"_ _0\"></span>osed fo<span class=\"_ _0\"></span>r the Company\u2019s financi<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s.<span class=\"_ _2cb\"> </span>Compan<span class=\"_ _1\"></span>y<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m<span class=\"_ _10b\"> </span><span class=\"ff28 lsdb wsd5\">\u00a3m<span class=\"_ _2cb\"> </span></span>T<span class=\"_ _1\"></span>rad<span class=\"_ _0\"></span>ing tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s with s<span class=\"_ _0\"></span>ubs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>ries<span class=\"_ _174\"> </span><span class=\"ff28 fc3\"> <span class=\"_ _163\"> </span><span class=\"ff27\"> <span class=\"_ _d1\"> </span></span> </span>Adminis<span class=\"_ _0\"></span>trative e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses pai<span class=\"_ _0\"></span>d on Company\u2019s beha<span class=\"_ _0\"></span>lf by subsidia<span class=\"_ _0\"></span>ries <span class=\"_ _8f\"> </span> <span class=\"_ _36\"> </span><span class=\"ff27 ls6d wsc6\">0.7<span class=\"_ _b7\"> </span></span>0.4<span class=\"_ _2cb\"> </span>Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ng tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons w<span class=\"_ _0\"></span>ith su<span class=\"_ _0\"></span>bsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _a0\"> </span><span class=\"ff28 fc3\"> <span class=\"_ _158\"> </span> </span>Div<span class=\"_ _0\"></span>idends r<span class=\"_ _0\"></span>eceive<span class=\"_ _0\"></span>d from subsid<span class=\"_ _0\"></span>iaries<span class=\"_ _2a2\"> </span> <span class=\"_ _88\"> </span><span class=\"ff27\">\u2014<span class=\"_ _3f\"> </span></span><span class=\"lse2 wsdc\">13<span class=\"_ _0\"></span>2.<span class=\"_ _6\"></span>8<span class=\"_ _2cb\"> </span></span>Cash trans<span class=\"_ _0\"></span>fers re<span class=\"_ _0\"></span>ceived fro<span class=\"_ _0\"></span>m subsidiar<span class=\"_ _0\"></span>ies<span class=\"_ _98\"> </span> <span class=\"_ _25\"> </span><span class=\"ff27 lsa7 wscd\">56.0<span class=\"_ _43\"> </span></span><span class=\"lsdf wsd9\">14<span class=\"_ _6\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _2cb\"> </span></span>Cash trans<span class=\"_ _0\"></span>fers mad<span class=\"_ _0\"></span>e to subsidia<span class=\"_ _0\"></span>ries<span class=\"_ _1c8\"> </span> <span class=\"_ _10d\"> </span><span class=\"ff27 ls199 ws19b\">4.8<span class=\"_ _3b\"> </span></span><span class=\"lsfb wsf5\">19<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>9<span class=\"_ _2cb\"> </span></span>Amo<span class=\"_ _0\"></span>unts re<span class=\"_ _0\"></span>ceivab<span class=\"_ _0\"></span>le from subsi<span class=\"_ _0\"></span>diarie<span class=\"_ _0\"></span>s are discl<span class=\"_ _0\"></span>osed in n<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>4.<span class=\"_ _2cb\"> </span>The G<span class=\"_ _0\"></span>roup\u2019s retirement b<span class=\"_ _0\"></span>enefit p<span class=\"_ _0\"></span>lans are relate<span class=\"_ _0\"></span>d par<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d the Group\u2019s and Company<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>s trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions w<span class=\"_ _0\"></span>ith the<span class=\"_ _0\"></span>m are discl<span class=\"_ _0\"></span>osed in n<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2cb\"> </span>Det<span class=\"_ _0\"></span>ails of trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ions duri<span class=\"_ _0\"></span>ng the year rel<span class=\"_ _0\"></span>ating to the Company<span class=\"_ _0\"></span>\u2019s investme<span class=\"_ _0\"></span>nts in subs<span class=\"_ _0\"></span>idiarie<span class=\"_ _0\"></span>s can be fou<span class=\"_ _0\"></span>nd in note 1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span>Bond 3<span class=\"_ _0\"></span>D High Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>mance T<span class=\"_ _1\"></span>echn<span class=\"_ _0\"></span>olog<span class=\"_ _0\"></span>y BV (\u2018Bon<span class=\"_ _0\"></span>d\u2019), in which t<span class=\"_ _0\"></span>he Group has a 24.5% sharehold<span class=\"_ _0\"></span>ing (F<span class=\"_ _0\"></span>Y 2022: 2<span class=\"_ _1\"></span>4.5%<span class=\"_ _2\"></span>), is an as<span class=\"_ _0\"></span>socia<span class=\"_ _0\"></span>ted company. The Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _1\"></span>s trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions w<span class=\"_ _0\"></span>ith Bon<span class=\"_ _0\"></span>d in the year com<span class=\"_ _0\"></span>prise B<span class=\"_ _0\"></span>ond bei<span class=\"_ _0\"></span>ng engage<span class=\"_ _0\"></span>d to provid<span class=\"_ _0\"></span>e technic<span class=\"_ _0\"></span>al ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces of \u00a33<span class=\"_ _0\"></span>4,0<span class=\"_ _0\"></span>00 for th<span class=\"_ _0\"></span>e Group (F<span class=\"_ _0\"></span>Y 2022: none), the add<span class=\"_ _0\"></span>itional t<span class=\"_ _0\"></span>ranches of co<span class=\"_ _0\"></span>nver<span class=\"_ _0\"></span>tible lo<span class=\"_ _0\"></span>ans made to B<span class=\"_ _0\"></span>ond, and th<span class=\"_ _0\"></span>e share of los<span class=\"_ _0\"></span>s recogn<span class=\"_ _0\"></span>ised as s<span class=\"_ _0\"></span>et out in note 1<span class=\"_ _2\"></span>1. The<span class=\"_ _0\"></span>re was no s<span class=\"_ _0\"></span>ale of materia<span class=\"_ _0\"></span>l to Bond in the c<span class=\"_ _0\"></span>urrent year (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>Y 2022<span class=\"_ _1\"></span>: \u00a333,0<span class=\"_ _0\"></span>00).<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns wi<span class=\"_ _0\"></span>th key man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>son<span class=\"_ _0\"></span>nel<span class=\"_ _2cb\"> </span>The key mana<span class=\"_ _0\"></span>gement of t<span class=\"_ _0\"></span>he Group an<span class=\"_ _0\"></span>d C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany are thos<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>ople hav<span class=\"_ _0\"></span>ing author<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y and resp<span class=\"_ _0\"></span>onsibilit<span class=\"_ _0\"></span>y for pla<span class=\"_ _0\"></span>nning, direc<span class=\"_ _0\"></span>ting an<span class=\"_ _0\"></span>d controllin<span class=\"_ _0\"></span>g the ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>ities of t<span class=\"_ _0\"></span>he Group and co<span class=\"_ _0\"></span>nsist of th<span class=\"_ _0\"></span>e Board of Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tors. C<span class=\"_ _1\"></span>ompens<span class=\"_ _0\"></span>ation of<span class=\"_ _1\"></span> key man<span class=\"_ _1\"></span>agem<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span> per<span class=\"_ _0\"></span>sonnel is shown i<span class=\"_ _1\"></span>n the table below:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _d3\"> </span><span class=\"ff28 lsda wsd4\">202<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>\u00a3m <span class=\"_ _36\"> </span><span class=\"ff28\">\u00a3m </span>Short-term employment benefits<span class=\"_ _287\"> </span><span class=\"ff27 ls12d ws125\">2.0<span class=\"_ _b7\"> </span></span><span class=\"ls29 ws26\">2.5<span class=\"_ _2cb\"> </span></span>Post-employm<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span> bene<span class=\"_ _0\"></span>fits <span class=\"_ _1e6\"> </span><span class=\"ff27 ls17 ws14\">0.2<span class=\"_ _106\"> </span></span><span class=\"ls6 ws0\">0.<span class=\"_ _0\"></span>2<span class=\"_ _2cb\"> </span></span>Share<span class=\"_ _0\"></span>-b<span class=\"_ _0\"></span>ased p<span class=\"_ _0\"></span>ayment b<span class=\"_ _0\"></span>enefi<span class=\"_ _0\"></span>ts <span class=\"_ _2a3\"> </span><span class=\"ff27\">\u2014<span class=\"_ _b7\"> </span></span><span class=\"ls9 ws7\">0.5</span> <span class=\"_ _2a4\"> </span><span class=\"ff27 lsfa wsf4\">2.2<span class=\"_ _106\"> </span></span><span class=\"ls9 ws7\">3.2<span class=\"_ _2cb\"> </span></span>More detailed in<span class=\"_ _1\"></span>formation c<span class=\"_ _1\"></span>oncerning<span class=\"_ _1\"></span> Direc<span class=\"_ _0\"></span>tors\u2019<span class=\"_ _1\"></span> remuneration<span class=\"_ _1\"></span>, includ<span class=\"_ _1\"></span>ing non-<span class=\"_ _0\"></span>cash benefits and<span class=\"_ _1\"></span> contribution<span class=\"_ _1\"></span>s to post-employment defined<span class=\"_ _1\"></span> ben<span class=\"_ _0\"></span>efit plans<span class=\"_ _0\"></span>, is given in th<span class=\"_ _0\"></span>e Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s\u2019 remunerati<span class=\"_ _0\"></span>on repo<span class=\"_ _0\"></span>rt o<span class=\"_ _0\"></span>n page<span class=\"_ _0\"></span>s 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0 to 1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>3. Direc<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>s of the Company contro<span class=\"_ _0\"></span>l 0.08% of the vot<span class=\"_ _0\"></span>ing shares of th<span class=\"_ _0\"></span>e C<span class=\"_ _1\"></span>om<span class=\"_ _0\"></span>pany<span class=\"_ _1\"></span>, de<span class=\"_ _0\"></span>tails of w<span class=\"_ _0\"></span>hich are give<span class=\"_ _0\"></span>n on page 1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>8.<span class=\"_ _2cb\"> </span>Det<span class=\"_ _0\"></span>ails of Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s\u2019 inde<span class=\"_ _0\"></span>mnities a<span class=\"_ _0\"></span>re given on p<span class=\"_ _0\"></span>age 1<span class=\"_ _1\"></span>25.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "24<span class=\"_ _0\"></span>. Exchan<span class=\"_ _0\"></span>ge rates<span class=\"_ _2cb\"> </span>Foreign cur<span class=\"_ _1\"></span>renc<span class=\"_ _0\"></span>y tr<span class=\"_ _1\"></span>anslation<span class=\"_ _2cb\"> </span>Func<span class=\"_ _0\"></span>tional and prese<span class=\"_ _0\"></span>ntation currenc<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span>Items in<span class=\"_ _0\"></span>cluded in t<span class=\"_ _0\"></span>he financia<span class=\"_ _0\"></span>l state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s of each of the G<span class=\"_ _0\"></span>roup\u2019s entities ar<span class=\"_ _0\"></span>e measured u<span class=\"_ _0\"></span>sing the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y of the prima<span class=\"_ _0\"></span>ry e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic environm<span class=\"_ _0\"></span>ent in whic<span class=\"_ _0\"></span>h the entit<span class=\"_ _0\"></span>y op<span class=\"_ _0\"></span>erated (the \u2018<span class=\"_ _0\"></span>func<span class=\"_ _0\"></span>tional cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y\u2019). T<span class=\"_ _0\"></span>he conso<span class=\"_ _0\"></span>lidated fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s are pre<span class=\"_ _0\"></span>sented in Sterling<span class=\"_ _0\"></span>, which i<span class=\"_ _0\"></span>s the Company\u2019s func<span class=\"_ _0\"></span>tiona<span class=\"_ _0\"></span>l and pres<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on curren<span class=\"_ _0\"></span>cy.<span class=\"_ _2cb\"> </span>T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Fore<span class=\"_ _0\"></span>ign curren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are translate<span class=\"_ _0\"></span>d into the func<span class=\"_ _0\"></span>tional c<span class=\"_ _0\"></span>urrenc<span class=\"_ _0\"></span>y using th<span class=\"_ _0\"></span>e exchange ra<span class=\"_ _0\"></span>te prevailing on t<span class=\"_ _0\"></span>he dates of th<span class=\"_ _0\"></span>e transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons. Fore<span class=\"_ _0\"></span>ign exchang<span class=\"_ _0\"></span>e gains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s resultin<span class=\"_ _0\"></span>g from the s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement of such t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and from th<span class=\"_ _0\"></span>e retranslati<span class=\"_ _0\"></span>on to balance s<span class=\"_ _0\"></span>heet date<span class=\"_ _0\"></span> exchang<span class=\"_ _0\"></span>e rates of mon<span class=\"_ _0\"></span>etar<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and liabi<span class=\"_ _0\"></span>lities d<span class=\"_ _0\"></span>enominate<span class=\"_ _0\"></span>d in foreign cur<span class=\"_ _0\"></span>rencie<span class=\"_ _0\"></span>s are recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, except w<span class=\"_ _0\"></span>hen defer<span class=\"_ _0\"></span>red in equit<span class=\"_ _0\"></span>y as qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ying cas<span class=\"_ _0\"></span>h flow he<span class=\"_ _0\"></span>dges<span class=\"_ _0\"></span>. In add<span class=\"_ _0\"></span>ition, wh<span class=\"_ _0\"></span>ere an exchan<span class=\"_ _0\"></span>ge dif<span class=\"_ _0\"></span>ference ari<span class=\"_ _0\"></span>ses on an int<span class=\"_ _0\"></span>ragroup mo<span class=\"_ _0\"></span>netar<span class=\"_ _0\"></span>y ite<span class=\"_ _0\"></span>m that, in subs<span class=\"_ _0\"></span>tance, forms p<span class=\"_ _0\"></span>art of t<span class=\"_ _0\"></span>he entit<span class=\"_ _0\"></span>y\u2019s net inve<span class=\"_ _0\"></span>stment in a fo<span class=\"_ _0\"></span>reign op<span class=\"_ _0\"></span>eration, t<span class=\"_ _0\"></span>hese di<span class=\"_ _0\"></span>ffere<span class=\"_ _0\"></span>nces are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in other com<span class=\"_ _0\"></span>prehensi<span class=\"_ _0\"></span>ve income<span class=\"_ _0\"></span> in the cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents a<span class=\"_ _0\"></span>nd accumulated in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y until the di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al of the forei<span class=\"_ _0\"></span>gn ope<span class=\"_ _0\"></span>ration.<span class=\"_ _2cb\"> </span>Group com<span class=\"_ _0\"></span>panies<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s and financia<span class=\"_ _0\"></span>l posit<span class=\"_ _0\"></span>ion of all the G<span class=\"_ _0\"></span>roup entit<span class=\"_ _0\"></span>ies (none of w<span class=\"_ _0\"></span>hich have the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y of a hype<span class=\"_ _0\"></span>rinflatio<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y econo<span class=\"_ _0\"></span>my) that have a<span class=\"_ gs1\"> </span>func<span class=\"_ _0\"></span>tional c<span class=\"_ _0\"></span>urrenc<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferent from t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on currenc<span class=\"_ _0\"></span>y are t<span class=\"_ _0\"></span>ranslated into the p<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>ation cu<span class=\"_ _0\"></span>rrenc<span class=\"_ _0\"></span>y as follo<span class=\"_ _0\"></span>ws: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es for eac<span class=\"_ _0\"></span>h balance she<span class=\"_ _0\"></span>et pres<span class=\"_ _0\"></span>ented are tran<span class=\"_ _0\"></span>slated at the c<span class=\"_ _0\"></span>losing rate at t<span class=\"_ _0\"></span>he date of that bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>income a<span class=\"_ _0\"></span>nd exp<span class=\"_ _0\"></span>enses fo<span class=\"_ _0\"></span>r each incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement are trans<span class=\"_ _0\"></span>lated at weig<span class=\"_ _0\"></span>hted average e<span class=\"_ _0\"></span>xchange rate<span class=\"_ _0\"></span>s; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>all result<span class=\"_ _0\"></span>ing exchang<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>ferences, fro<span class=\"_ _0\"></span>m 1 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 200<span class=\"_ _0\"></span>4, are reco<span class=\"_ _0\"></span>gnised a<span class=\"_ _0\"></span>s a sepa<span class=\"_ _0\"></span>rate compon<span class=\"_ _0\"></span>ent of equit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>The m<span class=\"_ _0\"></span>ost si<span class=\"_ _0\"></span>gnific<span class=\"_ _0\"></span>ant Sterling exchang<span class=\"_ _0\"></span>e rates use<span class=\"_ _0\"></span>d in the financ<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s under t<span class=\"_ _0\"></span>he Group\u2019s accounting p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s are:<span class=\"_ _2cb\"> </span>2023<span class=\"_ _12c\"> </span><span class=\"ff28 lsda wsd4\">2022<span class=\"_ _2cb\"> </span></span>Avera<span class=\"_ _0\"></span>ge sp<span class=\"_ _0\"></span>ot <span class=\"_ _ec\"> </span><span class=\"lsd8 wsd1\">Closing <span class=\"_ _54\"> </span><span class=\"ff28 lsd9 wsd3\">Aver<span class=\"_ _1\"></span>age spot <span class=\"_ _3f\"> </span><span class=\"ls52 wsc5\">Cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ing </span></span></span>US Doll<span class=\"_ _0\"></span>ar <span class=\"_ _162\"> </span><span class=\"ff27 lscd wse4\">1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>6<span class=\"_ _8b\"> </span><span class=\"ls7f ws70\">1.<span class=\"_ _6\"></span>22<span class=\"_ _109\"> </span></span></span><span class=\"lsfb wsf5\">1.<span class=\"_ _0\"></span>3<span class=\"_ _6\"></span>0<span class=\"_ _f6\"> </span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>0<span class=\"_ _2cb\"> </span></span></span>Euro<span class=\"_ _0\"></span> <span class=\"_ _290\"> </span><span class=\"ff27 lscd wse4\">1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>4<span class=\"_ _11a\"> </span>1<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>6<span class=\"_ _db\"> </span></span><span class=\"ls60 ws5b\">1<span class=\"_ _0\"></span>.16<span class=\"_ _25\"> </span>1<span class=\"_ _0\"></span>.13<span class=\"_ _2cb\"> </span></span>The av<span class=\"_ _0\"></span>erage excha<span class=\"_ _0\"></span>nge rates in th<span class=\"_ _0\"></span>e above t<span class=\"_ _0\"></span>able are t<span class=\"_ _0\"></span>he weighte<span class=\"_ _0\"></span>d average sp<span class=\"_ _0\"></span>ot rates app<span class=\"_ _0\"></span>lied to foreig<span class=\"_ _0\"></span>n currenc<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tions<span class=\"_ _0\"></span>, excluding th<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t of forei<span class=\"_ _0\"></span>gn currenc<span class=\"_ _0\"></span>y cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ny gains and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on foreign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, where n<span class=\"_ _0\"></span>et hedg<span class=\"_ _0\"></span>ing has be<span class=\"_ _0\"></span>en appli<span class=\"_ _0\"></span>ed for cas<span class=\"_ _0\"></span>h flow hed<span class=\"_ _0\"></span>ges, have b<span class=\"_ _0\"></span>een se<span class=\"_ _0\"></span>paratel<span class=\"_ _0\"></span>y disclo<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e income s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt as require<span class=\"_ _0\"></span>d, in accordance w<span class=\"_ _0\"></span>ith I<span class=\"_ _0\"></span>FRS 9.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-552": {
   "value": "Func<span class=\"_ _0\"></span>tional and prese<span class=\"_ _0\"></span>ntation currenc<span class=\"_ _0\"></span>y<span class=\"_ _2cb\"> </span>Items in<span class=\"_ _0\"></span>cluded in t<span class=\"_ _0\"></span>he financia<span class=\"_ _0\"></span>l state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s of each of the G<span class=\"_ _0\"></span>roup\u2019s entities ar<span class=\"_ _0\"></span>e measured u<span class=\"_ _0\"></span>sing the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y of the prima<span class=\"_ _0\"></span>ry e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic environm<span class=\"_ _0\"></span>ent in whic<span class=\"_ _0\"></span>h the entit<span class=\"_ _0\"></span>y op<span class=\"_ _0\"></span>erated (the \u2018<span class=\"_ _0\"></span>func<span class=\"_ _0\"></span>tional cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y\u2019). T<span class=\"_ _0\"></span>he conso<span class=\"_ _0\"></span>lidated fina<span class=\"_ _0\"></span>ncial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s are pre<span class=\"_ _0\"></span>sented in Sterling<span class=\"_ _0\"></span>, which i<span class=\"_ _0\"></span>s the Company\u2019s func<span class=\"_ _0\"></span>tiona<span class=\"_ _0\"></span>l and pres<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on curren<span class=\"_ _0\"></span>cy.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-553": {
   "value": "T<span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s<span class=\"_ _2cb\"> </span>Fore<span class=\"_ _0\"></span>ign curren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are translate<span class=\"_ _0\"></span>d into the func<span class=\"_ _0\"></span>tional c<span class=\"_ _0\"></span>urrenc<span class=\"_ _0\"></span>y using th<span class=\"_ _0\"></span>e exchange ra<span class=\"_ _0\"></span>te prevailing on t<span class=\"_ _0\"></span>he dates of th<span class=\"_ _0\"></span>e transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons. Fore<span class=\"_ _0\"></span>ign exchang<span class=\"_ _0\"></span>e gains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s resultin<span class=\"_ _0\"></span>g from the s<span class=\"_ _0\"></span>ettl<span class=\"_ _0\"></span>ement of such t<span class=\"_ _0\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns and from th<span class=\"_ _0\"></span>e retranslati<span class=\"_ _0\"></span>on to balance s<span class=\"_ _0\"></span>heet date<span class=\"_ _0\"></span> exchang<span class=\"_ _0\"></span>e rates of mon<span class=\"_ _0\"></span>etar<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s and liabi<span class=\"_ _0\"></span>lities d<span class=\"_ _0\"></span>enominate<span class=\"_ _0\"></span>d in foreign cur<span class=\"_ _0\"></span>rencie<span class=\"_ _0\"></span>s are recog<span class=\"_ _0\"></span>nised in t<span class=\"_ _0\"></span>he income s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent, except w<span class=\"_ _0\"></span>hen defer<span class=\"_ _0\"></span>red in equit<span class=\"_ _0\"></span>y as qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ying cas<span class=\"_ _0\"></span>h flow he<span class=\"_ _0\"></span>dges<span class=\"_ _0\"></span>. In add<span class=\"_ _0\"></span>ition, wh<span class=\"_ _0\"></span>ere an exchan<span class=\"_ _0\"></span>ge dif<span class=\"_ _0\"></span>ference ari<span class=\"_ _0\"></span>ses on an int<span class=\"_ _0\"></span>ragroup mo<span class=\"_ _0\"></span>netar<span class=\"_ _0\"></span>y ite<span class=\"_ _0\"></span>m that, in subs<span class=\"_ _0\"></span>tance, forms p<span class=\"_ _0\"></span>art of t<span class=\"_ _0\"></span>he entit<span class=\"_ _0\"></span>y\u2019s net inve<span class=\"_ _0\"></span>stment in a fo<span class=\"_ _0\"></span>reign op<span class=\"_ _0\"></span>eration, t<span class=\"_ _0\"></span>hese di<span class=\"_ _0\"></span>ffere<span class=\"_ _0\"></span>nces are reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in other com<span class=\"_ _0\"></span>prehensi<span class=\"_ _0\"></span>ve income<span class=\"_ _0\"></span> in the cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d financial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents a<span class=\"_ _0\"></span>nd accumulated in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y until the di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al of the forei<span class=\"_ _0\"></span>gn ope<span class=\"_ _0\"></span>ration.<span class=\"_ _2cb\"> </span>Group com<span class=\"_ _0\"></span>panies<span class=\"_ _2cb\"> </span>The re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>s and financia<span class=\"_ _0\"></span>l posit<span class=\"_ _0\"></span>ion of all the G<span class=\"_ _0\"></span>roup entit<span class=\"_ _0\"></span>ies (none of w<span class=\"_ _0\"></span>hich have the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y of a hype<span class=\"_ _0\"></span>rinflatio<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y econo<span class=\"_ _0\"></span>my) that have a<span class=\"_ gs1\"> </span>func<span class=\"_ _0\"></span>tional c<span class=\"_ _0\"></span>urrenc<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferent from t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on currenc<span class=\"_ _0\"></span>y are t<span class=\"_ _0\"></span>ranslated into the p<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>ation cu<span class=\"_ _0\"></span>rrenc<span class=\"_ _0\"></span>y as follo<span class=\"_ _0\"></span>ws: <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd liabiliti<span class=\"_ _0\"></span>es for eac<span class=\"_ _0\"></span>h balance she<span class=\"_ _0\"></span>et pres<span class=\"_ _0\"></span>ented are tran<span class=\"_ _0\"></span>slated at the c<span class=\"_ _0\"></span>losing rate at t<span class=\"_ _0\"></span>he date of that bal<span class=\"_ _0\"></span>ance shee<span class=\"_ _0\"></span>t; <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>income a<span class=\"_ _0\"></span>nd exp<span class=\"_ _0\"></span>enses fo<span class=\"_ _0\"></span>r each incom<span class=\"_ _0\"></span>e sta<span class=\"_ _0\"></span>tement are trans<span class=\"_ _0\"></span>lated at weig<span class=\"_ _0\"></span>hted average e<span class=\"_ _0\"></span>xchange rate<span class=\"_ _0\"></span>s; and <span class=\"_ _10\"></span><span class=\"ff2d\">u<span class=\"_ _2cb\"> </span></span>all result<span class=\"_ _0\"></span>ing exchang<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>ferences, fro<span class=\"_ _0\"></span>m 1 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 200<span class=\"_ _0\"></span>4, are reco<span class=\"_ _0\"></span>gnised a<span class=\"_ _0\"></span>s a sepa<span class=\"_ _0\"></span>rate compon<span class=\"_ _0\"></span>ent of equit<span class=\"_ _0\"></span>y.<span class=\"_ _2cb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "25. Alternative performance measures This section includes a reconciliation of certain alternative performance measures (\u2018APMs\u2019) to the most directly reconcilable line items in the financial statements. The presentation of APMs should not be considered in isolation or as a substitute for related financial measures prepared in accordance with IFRS. The APMs presented in this report may differ from similarly titled measures used by other companies. Where one APM is derived from another APM, a cross-reference to the relevant APM has been included, which then provides the reconciliation to the most directly reconcilable line items. APM1 to APM 11 below have been calculated on a consistent basis to prior year with the exception of APM 8 ROCE, this change is explained below. One additional APM, underlying PBIT (APM 11), has been included in the current year. APM 1   Operating profit before exceptional items (referred to as underlying operating profit) is based on operating profit before the impact of exceptional items. This metric is used by the Board to assess the underlying performance of the business excluding items that are, in aggregate, material in size and/or unusual or infrequent in nature. Exceptional items for FY 2023 is a charge of \u00a37.5m (FY 2022: charge of \u00a37.9m) relating to the implementation of the SaaS ERP system (FY 2022: same), further details of which are disclosed in note 3. 2023   2022 \u00a3m  \u00a3m Operating profit 73.2 88.5 Exceptional items 7.5 7.9 Underlying operating profit 80.7 96.4 APM 2   Profit before exceptional items and tax (referred to as underlying profit before tax) is based on profit before tax (\u2018PBT\u2019) before the impact of exceptional items. This metric is used by the Board to assess the underlying performance of the business excluding items that are, in aggregate, material in size and/or unusual or infrequent in nature. Exceptional items for FY 2023 is a charge of \u00a37.5m (FY 2022: charge of \u00a37.9m) relating to the implementation of the SaaS ERP system (FY 2022: same), further details of which are disclosed in note 3. 2023   2022 \u00a3m  \u00a3m Profit before tax 72.5 87.7 Exceptional items 7.5 7.9 Underlying profit before tax 80.0 95.6 APM 3   Constant currency metrics are used by the Board to assess the year on year underlying performance of the business excluding the impact of foreign currency rates, which by nature can be volatile. Constant currency metrics are reached by applying current year (FY 2023) weighted average spot rates to prior year (FY 2022) transactions. Gains and losses on foreign currency net hedging are shown separately in the income statement and are excluded from the constant currency calculation. 2023   2022 Group  \u00a3m  \u00a3m  % change Revenue 307.0 341.0 -10% Impact of FX retranslation \u2014 10.5 Revenue at constant currency 307.0 351.5 -13% 2023   2022 Sustainable Solutions  \u00a3m  \u00a3m  % change Revenue 241.8 282.7 -14% Impact of FX retranslation \u2014 8.1 Revenue at constant currency 241.8 290.8 -17% 2023   2022 Medical  \u00a3m  \u00a3m  % change Revenue 65.2 58.3 12% Impact of FX retranslation \u2014  2.4  Revenue at constant currency 65.2 60.7 7% APM 4   Operating cash conversion is used by the Board to assess the business\u2019 ability to convert underlying operating profit to cash effectively, excluding the impact of financing activities and non-capital expenditure related investing activities. Operating cash conversion is underlying operating profit, depreciation and amortisation, working capital movements and capital expenditure/ underlying operating profit.  2023   2022 \u00a3m  \u00a3m Underlying operating profit (APM 1) 80.7 96.4 Depreciation, amortisation and loss on disposal* 21.6 24.0 Change in working capital (48.9) (27.5) Capital expenditure (38.5) (45.5) Operating cash flow 14.9 47.4 Operating cash conversion 18% 49%    *  Excludes impact of loss on disposal of right of use assets. APM 5   Available cash is used to enable the Board to understand the true cash position of the business when determining the use of cash under the capital allocation policy. Available cash is cash and cash equivalents plus other financial assets (cash invested in term deposits greater than three months in duration) less cash ring-fenced in the Group\u2019s Chinese subsidiaries which is committed to capital expansion and therefore not available to the wider Group. This is calculated as: 2023   2022 \u00a3m  \u00a3m Cash and cash equivalents 33.4 58.7 Cash ring-fenced in Chinese subsidiaries (3.4) (2.8) Other financial assets 0.1 10.1 Available cash 30.1 66.0 APM 6   Underlying EPS is earnings per share based on profit after tax but before exceptional items divided by the weighted average number of shares in issue. This metric is used by the Board to assess the underlying performance of the business excluding items that are, in aggregate, material in size and/or unusual or infrequent in nature. 2023   2022 \u00a3m  \u00a3m Profit after tax attributable to owners of the Company 61.7 76.2 Exceptional items 7.5 7.9 Tax on exceptional items (1.7) (1.5) Profit after tax before exceptional items net of tax 67.5 82.6 Weighted average number of shares 86,937,187 86, 897,353 Underlying EPS (p) 77.7 95.0 APM 7   Underlying dividend cover is used by the Board to measure the affordability and sustainability of the regular dividend. Underlying dividend cover is underlying earnings per share/total dividend per share. This excludes special dividends.  2023  2022 p  p Underlying earnings per share (APM 6) 77.7 95.0 Total dividend per share 59.56 59.56 Underlying dividend cover (times) 1.3 1.6 APM 8   Return on capital employed (\u2018ROCE\u2019) is used by the Board to assess the return on investment at a Group level. ROCE is profit after tax before exceptional items net of tax, finance costs and finance income (\u2018ROCE adjusted profit\u2019)/average adjusted net assets. Adjusted net assets is total equity attributable to shareholders at the year end excluding cash and cash equivalents, other financial assets, retirement benefit asset/obligations and borrowings. Average adjusted net assets is (adjusted net assets at the start of the year plus adjusted net assets at the end of the year)/2. The method of calculating ROCE has been changed from FY 2022, with the comparative restated on a consistent basis. The change has been made following a review by the Board with the revised methodology considered to better reflect long-term value creation. 2023   2022 \u00a3m  \u00a3m Profit after tax attributable to owners of the Company 61.7 76.2 Exceptional items 7.5 7.9 Tax on exceptional items (1.7) (1.5) Finance income (1.3) (0.5) Finance costs 0.7 0.3 ROCE adjusted profit 66.9 82.4 Net assets 501.0 490.6 Cash and cash equivalents (33.4) (58.7) Other financial assets (0.1) (10.1) Retirement benefit asset (9.7) (14.9) Retirement benefit obligations 2.5 2.7 Borrowings 39.7 22.5 Adjusted net assets 500.0 432.1 Average adjusted net assets 466.1 412.5 ROCE 14% 20% APM 9   Return on sales is used by the Board to assess the overall profitability of the Group. It measures underlying profit before taxation as a percentage of revenue. 2023   2022 \u00a3m  \u00a3m Underlying profit before tax (APM 2) 80.0 95.6 Revenue 307.0 341.0 Return on sales % 26% 28% APM 10   Operating overheads is made up of sales, marketing and administrative expenses, and research and development expenses, before exceptional items. This metric is used by the Board to assess the underlying movement in overheads of the business excluding items that are, in aggregate, material in size and/or unusual or infrequent in nature. 2023   2022 \u00a3m  \u00a3m Sales, marketing and administrative expenses 70.8 70.3 Exceptional items (7.5) (7.9) Research and development expenses 18.6 15.7 Operating overheads 81.9 78.1 APM  11   Underlying  PBIT is used by the Group as the financial measure on which the Executive Director\u2019s performance is assessed for the annual bonus targets as set out in the Directors\u2019 remuneration report starting on page 100 and therefore has been included as an APM in FY 2023. This metric removes the impact of finance income and costs from the underlying profit before tax metric (APM 2). 2023   2022 \u00a3m  \u00a3m Underlying profit before tax (APM 2) 80.0 95.6 Finance income (1.3) (0.5) Finance costs 0.7 0.3 Underlying PBIT 79.4 95.4",
   "dimensions": {
    "concept": "victrexplc:DisclosureOfAlternativePerformanceMeasures",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "<div class=\"t m0 h9 ff27 fs6 fc2 sc0 ls84 ws7a gs81a\">26. Commitments<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs81b\">Capit<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>enditure au<span class=\"_ _0\"></span>thoris<span class=\"_ _0\"></span>ed and cont<span class=\"_ _0\"></span>racte<span class=\"_ _0\"></span>d for which ha<span class=\"_ _0\"></span>s not bee<span class=\"_ _0\"></span>n provid<span class=\"_ _0\"></span>ed for in the f<span class=\"_ _0\"></span>inancial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts am<span class=\"_ _0\"></span>ounted to \u00a3<span class=\"_ _1\"></span>14.4m </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs81c\">(30<span class=\"_ gs1\"> </span>Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r<span class=\"_ gs1\"> </span>2022<span class=\"_ _1\"></span>: \u00a31<span class=\"_ _1\"></span>6.4m) in the Gro<span class=\"_ _0\"></span>up and \u00a3nil (30 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 2022<span class=\"_ _1\"></span>: \u00a3nil) in t<span class=\"_ _0\"></span>he Company<span class=\"_ _1\"></span>.<span class=\"_ _2cb\"> </span></div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs81d\">At 30 Septe<span class=\"_ _0\"></span>mber 2023, the Gro<span class=\"_ _0\"></span>up and anoth<span class=\"_ _0\"></span>er investo<span class=\"_ _0\"></span>r in Bond, have an a<span class=\"_ _0\"></span>greed pr<span class=\"_ _0\"></span>ogramme of fu<span class=\"_ _0\"></span>rt<span class=\"_ _0\"></span>her inves<span class=\"_ _0\"></span>tment<span class=\"_ _0\"></span>s under t<span class=\"_ _0\"></span>he 2023 </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs753\">Convert<span class=\"_ _0\"></span>ible lo<span class=\"_ _0\"></span>an agree<span class=\"_ _0\"></span>ment during F<span class=\"_ _0\"></span>Y 2024, of which t<span class=\"_ _0\"></span>he Group\u2019s share is \u20ac1<span class=\"_ _1\"></span>.6m, sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to Bond a<span class=\"_ _0\"></span>chieving p<span class=\"_ _0\"></span>re-<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>termine<span class=\"_ _0\"></span>d develo<span class=\"_ _0\"></span>pment </div><div class=\"t m0 hb ff28 fs4 fc3 sc0 ls6 ws0 gs754\">miles<span class=\"_ _0\"></span>tones<span class=\"_ _0\"></span>. See n<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>1<span class=\"_ _1\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800UYNPHAUNHPXL67",
    "period": "2022-10-01T00:00:00/2023-10-01T00:00:00"
   }
  }
 }
}